replaygoh personal page - To The Moon

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2021-05-22

in other words.. time to buy the dip.. all in now or never

Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading

2021-06-03

$Waterdrop Inc.(WDH)$up up up all the way

2021-07-28

coz big mouth in the house

Tesla Is a Mature Business. Don’t Look Now.

2021-06-10

like n coment thz

With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next

2021-06-02

oh really??

Sorry, the original content has been removed

2021-05-30

??

The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever

2021-05-28

go go go

AMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021

2021-05-27

go go go

Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands

2021-06-28

$Waterdrop Inc.(WDH)$hopeless

2021-06-01

Good news

Sorry, the original content has been removed

Go to Tiger App to see more news

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While the Nasdaq-100 Technology Sector index is down about 13.9% ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/\">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 Unstoppable Stocks That Could Turn $200,000 Into $1 Million by 2032</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\">\n2 Unstoppable Stocks That Could Turn $200,000 Into $1 Million by 2032\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-22 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If there's one lesson to be learned from the recent volatility in the stock market, it's the importance of focusing on the long term. While the Nasdaq-100 Technology Sector index is down about 13.9% ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILL":"BILL HOLDINGS INC","AI":"C3.ai, Inc.","BK4543":"AI","BK4551":"寇图资本持仓","BK4166":"消费信贷","BK4528":"SaaS概念","BK4561":"索罗斯持仓","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2022/04/21/2-unstoppable-stocks-turn-200000-to-1-million-2032/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229902607","content_text":"If there's one lesson to be learned from the recent volatility in the stock market, it's the importance of focusing on the long term. While the Nasdaq-100 Technology Sector index is down about 13.9% so far in 2022, it's still holding on to a gain of 423% over the last decade.In fact, the steep declines in many individual stocks could be an opportunity to buy into long-term growth stories at a discount for the decade ahead. Upstart Holdings and Bill.com Holdings are two fintechs with unique business models and soaring growth rates, making them prime candidates.Over the next 10 years, both stocks have the potential to deliver fivefold returns, especially if you buy them now while their stock is selling at a steep discount to levels reached in late 2021.The case for UpstartArtificial intelligence (AI) is a next-generation technology that promises to replace manual human input in many complex tasks. In this case, Upstart has developed an AI algorithm to assess the creditworthiness of potential borrowers, and it uses that information to originate loans for its banking partners.Banks pay Upstart a fee for the service, and it's proving to be a far more effective tool than the decades-old FICO credit scoring system from Fair Isaac. While FICO takes into account a handful of metrics when assessing borrowers, Upstart can measure 1,600 data points and deliver a decision instantly 70% of the time. It would likely take a human assessor days or even weeks to arrive at the same result, so Upstart offers a better experience for both the customer and the lender.The company got its start by originating unsecured personal loans, which is a $96 billion annual market. But it recently expanded into auto loan originations, which is about seven times that size. The Upstart Auto Retail sales and origination platform now serves over 410 car dealerships across the U.S., and it's growing rapidly.Upstart would have to increase its revenue by 18% each year to turn a $200,000 investment into $1 million by 2032, assuming its price-to-sales multiple remains constant.Metric20172021CAGRRevenue$57 million$849 million96%Earnings (loss) per share($0.56)$2.37N/AData: Upstart Holdings. CAGR = compound annual growth rate.Upstart is crushing the 18% growth mark, nearly doubling its revenue every year since 2017. On top of that, it's now a profitable company, making it far more attractive as an investment than most tech companies.In its 2021 presentation, Upstart highlighted new potential markets like small-business lending and mortgages, which could send its annual opportunity into the trillions of dollars. Put simply, the company's best growth might still be ahead, and with its stock down 79.8% from its all-time high, it's a great time to add it to your portfolio.The case for Bill.comBusiness owners are spotlighted when it comes to software services that make monotonous administrative tasks less burdensome. Bill.com has grown to become a leading provider, thanks to its flagship accounts-payable platform helping to reduce messy paper trails. Its digital inbox technology centralizes incoming invoices so they don't get lost in the shuffle of everyday operations.Bill.com allows business owners to pay those invoices with one click, and it also integrates with top accounting software so those transactions get logged into the books automatically. In 2021, the company acquired two other businesses to aid its expansion into new verticals. It now owns Invoice2go, which helps manage accounts receivable, and Divvy, a budgeting and expense management software.Now, Bill.com is a go-to provider for all things related to business payments, and it serves 373,500 customers.MetricFiscal 2018Fiscal 2022 (Guidance)CAGRRevenue$64 million$600 million74%Data: Bill.com. Fiscal years end June 30.In the last few years, Bill.com's revenue growth has far exceeded the 18% it needs for its stock to grow fivefold over the next decade, assuming its stock valuation metrics remain where they are today. But there's even a possibility growth could accelerate.The company has processed $181 billion in payment volume over the last 12 months, but it places its domestic opportunity at $25 trillion annually -- and a whopping $125 trillion globally. That leaves a significant runway, and since Bill.com has bolted-on two key acquisitions, it has a wider path to greater market share.The company also operates in a pool of 70 million global business customers. Keep in mind that it hasn't even cracked its first million yet, so there's significant room for expansion.Bill.com should kick into high gear over the next few years as it fine-tunes its new multifaceted business model. And since its stock has dipped 43.5% from its all-time high amid the tech sell-off, now might be the time to get involved.","news_type":1,"symbols_score_info":{"BILL":0.9,"AI":1,"UPST":0.9}},"isVote":1,"tweetType":1,"viewCount":3183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085199277,"gmtCreate":1650668680752,"gmtModify":1676534771964,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>🙃🙃🙃","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>🙃🙃🙃","text":"$Apple(AAPL)$🙃🙃🙃","images":[{"img":"https://community-static.tradeup.com/news/9ad16785da84c20085663810a8b4ad22","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085199277","isVote":1,"tweetType":1,"viewCount":2996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9085199345,"gmtCreate":1650668584522,"gmtModify":1676534771949,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Speechless]&nbsp;[Speechless]&nbsp;[Speechless]&nbsp;","listText":"<a href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a>[Speechless]&nbsp;[Speechless]&nbsp;[Speechless]&nbsp;","text":"$Rivian Automotive, Inc.(RIVN)$[Speechless] [Speechless] [Speechless]","images":[{"img":"https://community-static.tradeup.com/news/0e40a8e9bb6d06b86d8a6d5f3af898c4","width":"1080","height":"3126"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085199345","isVote":1,"tweetType":1,"viewCount":3400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":863797222,"gmtCreate":1632434273466,"gmtModify":1676530779630,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863797222","repostId":"1166930950","repostType":4,"repost":{"id":"1166930950","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632397714,"share":"https://ttm.financial/m/news/1166930950?lang=en_US&edition=fundamental","pubTime":"2021-09-23 19:48","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1166930950","media":"Tiger Newspress","summary":"(Update: Sept 23, 2021 at 08:30 a.m. ET)\n\nU.S. weekly jobless claims total 351,000 topping 320,000 e","content":"<p><i><b>(Update: Sept 23, 2021 at 08:30 a.m. ET)</b></i></p>\n<blockquote>\n <b>U.S. weekly jobless claims total 351,000 topping 320,000 estimate.</b>\n</blockquote>\n<p>(Sept 23)&nbsp;Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.</p>\n<p>At 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&amp;P 500 e-minis gained 24.75 points, or 0.56%, and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 100 e-minis jumped 82.25&nbsp;points, or 0.54%.</p>\n<p><img src=\"https://static.tigerbbs.com/3fd2fbbbe6447512f50c10864b392c87\" tg-width=\"1242\" tg-height=\"507\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Weekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.</b></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<p><b>1)&nbsp;<a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> </b>— The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.</p>\n<p><b>2)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a></b> — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.</p>\n<p><b>3)&nbsp;<a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> </b> — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.</p>\n<p><b>4)&nbsp;<a href=\"https://laohu8.com/S/KBH\">KB Home</a></b> — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB <a href=\"https://laohu8.com/S/HBCP\">Home</a> reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a> </b>— <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/BIIB\">Biogen</a></b> — The drugmaker’s stock rose in premarket trading after Needham&nbsp;initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s&nbsp;controversial Alzheimer’s drug Aduhelm&nbsp;will be a big seller for the company long term.</p>\n<p><b>7)&nbsp;<a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> </b> — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year return.</p>\n<p><b>8)&nbsp;<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a></b>— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a></b> — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.</p>\n<p><b>In rates, </b>Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors,&nbsp;<b>where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.</b>UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.</p>\n<p><b>In FX, </b>the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.</p>\n<p>The euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.</p>\n<p><b>In commodities, </b>crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.</p>\n<p>Looking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 19:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i><b>(Update: Sept 23, 2021 at 08:30 a.m. ET)</b></i></p>\n<blockquote>\n <b>U.S. weekly jobless claims total 351,000 topping 320,000 estimate.</b>\n</blockquote>\n<p>(Sept 23)&nbsp;Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.</p>\n<p>At 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&amp;P 500 e-minis gained 24.75 points, or 0.56%, and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 100 e-minis jumped 82.25&nbsp;points, or 0.54%.</p>\n<p><img src=\"https://static.tigerbbs.com/3fd2fbbbe6447512f50c10864b392c87\" tg-width=\"1242\" tg-height=\"507\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Weekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.</b></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<p><b>1)&nbsp;<a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> </b>— The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.</p>\n<p><b>2)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a></b> — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.</p>\n<p><b>3)&nbsp;<a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> </b> — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.</p>\n<p><b>4)&nbsp;<a href=\"https://laohu8.com/S/KBH\">KB Home</a></b> — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB <a href=\"https://laohu8.com/S/HBCP\">Home</a> reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a> </b>— <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/BIIB\">Biogen</a></b> — The drugmaker’s stock rose in premarket trading after Needham&nbsp;initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s&nbsp;controversial Alzheimer’s drug Aduhelm&nbsp;will be a big seller for the company long term.</p>\n<p><b>7)&nbsp;<a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> </b> — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year return.</p>\n<p><b>8)&nbsp;<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a></b>— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a></b> — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.</p>\n<p><b>In rates, </b>Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors,&nbsp;<b>where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.</b>UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.</p>\n<p><b>In FX, </b>the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.</p>\n<p>The euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.</p>\n<p><b>In commodities, </b>crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.</p>\n<p>Looking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166930950","content_text":"(Update: Sept 23, 2021 at 08:30 a.m. ET)\n\nU.S. weekly jobless claims total 351,000 topping 320,000 estimate.\n\n(Sept 23) Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.\nAt 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&P 500 e-minis gained 24.75 points, or 0.56%, and Nasdaq 100 e-minis jumped 82.25 points, or 0.54%.\n\nWeekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.\nStocks making the biggest moves premarket:\n1) Darden Restaurants — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.\n2) BlackBerry — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. BlackBerry reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.\n3) Salesforce.com  — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.\n4) KB Home — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB Home reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.\n5) Joby Aviation, Inc. — Morgan Stanley initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.\n6) Biogen — The drugmaker’s stock rose in premarket trading after Needham initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s controversial Alzheimer’s drug Aduhelm will be a big seller for the company long term.\n7) Roku Inc  — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% one-year return.\n8) SoFi Technologies Inc.— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.\n9) Accenture PLC — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.\nIn rates, Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors, where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.\nIn FX, the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.\nThe euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.\nIn commodities, crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.\nLooking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863797682,"gmtCreate":1632434254346,"gmtModify":1676530779630,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"good..","listText":"good..","text":"good..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863797682","repostId":"1166930950","repostType":4,"repost":{"id":"1166930950","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632397714,"share":"https://ttm.financial/m/news/1166930950?lang=en_US&edition=fundamental","pubTime":"2021-09-23 19:48","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1166930950","media":"Tiger Newspress","summary":"(Update: Sept 23, 2021 at 08:30 a.m. ET)\n\nU.S. weekly jobless claims total 351,000 topping 320,000 e","content":"<p><i><b>(Update: Sept 23, 2021 at 08:30 a.m. ET)</b></i></p>\n<blockquote>\n <b>U.S. weekly jobless claims total 351,000 topping 320,000 estimate.</b>\n</blockquote>\n<p>(Sept 23)&nbsp;Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.</p>\n<p>At 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&amp;P 500 e-minis gained 24.75 points, or 0.56%, and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 100 e-minis jumped 82.25&nbsp;points, or 0.54%.</p>\n<p><img src=\"https://static.tigerbbs.com/3fd2fbbbe6447512f50c10864b392c87\" tg-width=\"1242\" tg-height=\"507\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Weekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.</b></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<p><b>1)&nbsp;<a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> </b>— The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.</p>\n<p><b>2)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a></b> — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.</p>\n<p><b>3)&nbsp;<a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> </b> — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.</p>\n<p><b>4)&nbsp;<a href=\"https://laohu8.com/S/KBH\">KB Home</a></b> — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB <a href=\"https://laohu8.com/S/HBCP\">Home</a> reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a> </b>— <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/BIIB\">Biogen</a></b> — The drugmaker’s stock rose in premarket trading after Needham&nbsp;initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s&nbsp;controversial Alzheimer’s drug Aduhelm&nbsp;will be a big seller for the company long term.</p>\n<p><b>7)&nbsp;<a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> </b> — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year return.</p>\n<p><b>8)&nbsp;<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a></b>— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a></b> — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.</p>\n<p><b>In rates, </b>Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors,&nbsp;<b>where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.</b>UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.</p>\n<p><b>In FX, </b>the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.</p>\n<p>The euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.</p>\n<p><b>In commodities, </b>crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.</p>\n<p>Looking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 19:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i><b>(Update: Sept 23, 2021 at 08:30 a.m. ET)</b></i></p>\n<blockquote>\n <b>U.S. weekly jobless claims total 351,000 topping 320,000 estimate.</b>\n</blockquote>\n<p>(Sept 23)&nbsp;Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.</p>\n<p>At 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&amp;P 500 e-minis gained 24.75 points, or 0.56%, and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 100 e-minis jumped 82.25&nbsp;points, or 0.54%.</p>\n<p><img src=\"https://static.tigerbbs.com/3fd2fbbbe6447512f50c10864b392c87\" tg-width=\"1242\" tg-height=\"507\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Weekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.</b></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<p><b>1)&nbsp;<a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> </b>— The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.</p>\n<p><b>2)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a></b> — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.</p>\n<p><b>3)&nbsp;<a href=\"https://laohu8.com/S/CRM\">Salesforce.com</a> </b> — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.</p>\n<p><b>4)&nbsp;<a href=\"https://laohu8.com/S/KBH\">KB Home</a></b> — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB <a href=\"https://laohu8.com/S/HBCP\">Home</a> reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a> </b>— <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/BIIB\">Biogen</a></b> — The drugmaker’s stock rose in premarket trading after Needham&nbsp;initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s&nbsp;controversial Alzheimer’s drug Aduhelm&nbsp;will be a big seller for the company long term.</p>\n<p><b>7)&nbsp;<a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> </b> — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year return.</p>\n<p><b>8)&nbsp;<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a></b>— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a></b> — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.</p>\n<p><b>In rates, </b>Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors,&nbsp;<b>where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.</b>UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.</p>\n<p><b>In FX, </b>the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.</p>\n<p>The euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.</p>\n<p><b>In commodities, </b>crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.</p>\n<p>Looking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166930950","content_text":"(Update: Sept 23, 2021 at 08:30 a.m. ET)\n\nU.S. weekly jobless claims total 351,000 topping 320,000 estimate.\n\n(Sept 23) Stock futures extended gains Thursday morning as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.\nAt 07:50 a.m. ET, Dow e-minis were up 200 points, or 0.59%, S&P 500 e-minis gained 24.75 points, or 0.56%, and Nasdaq 100 e-minis jumped 82.25 points, or 0.54%.\n\nWeekly jobless claims dataare due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal estimate that unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18, from 332,000 the prior week.\nStocks making the biggest moves premarket:\n1) Darden Restaurants — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.\n2) BlackBerry — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. BlackBerry reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket.\n3) Salesforce.com  — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company’s previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.\n4) KB Home — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB Home reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.\n5) Joby Aviation, Inc. — Morgan Stanley initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Shares of Joby Aviation popped more than 5% in extended trading.\n6) Biogen — The drugmaker’s stock rose in premarket trading after Needham initiated coverageof the stock with a buy rating, saying in a note to clients on Wednesday that the company’s controversial Alzheimer’s drug Aduhelm will be a big seller for the company long term.\n7) Roku Inc  — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. The Wall Street firm assigned Roku a 12-month price target of $395, implying a 22% one-year return.\n8) SoFi Technologies Inc.— Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. Sofi is the 6th most-mentioned stock on Reddit’s WallStreetBets, according to quiver quant.\n9) Accenture PLC — Accenture shares rose in extended trading after reporting better-than-expected earnings. The company also increased its dividend and buyback authorization.\nIn rates, Treasuries were off session lows, with the 10Y trading a 1.34%, but remained under pressure in early U.S. session led by intermediate sectors, where 5Y yield touched highest since July 2. Wednesday’s dramatic yield-curve flattening move unleashed by Fed communications continued, compressing 5s30s spread to 93.8bp, lowest since May 2020.UK 10-year yield climbed 3.4bp to session high 0.833% following BOE rate decision (7-2 vote to keep bond-buying target unchanged); bunds outperformed slightly. Peripheral spreads tighten with long-end Italy outperforming.\nIn FX, the Bloomberg Dollar Spot Index reversed an earlier gain and dropped 0.3% as the dollar weakened against all of its Group-of-10 peers apart from the yen amid a more positive sentiment. CAD, NOK and SEK are the strongest performers in G-10, JPY the laggard.\nThe euro and the pound briefly pared gains after weaker-than-forecast German and British PMIs. The pound rebounded from an eight-month low amid a return of global risk appetite as investors assessed whether the Bank of England will follow the Federal Reserve’s hawkish tone later Thursday. The yield differential between 10-year German and Italian debt narrowed to its tightest since April. Norway’s krone advanced after Norges Bank raised its policy rate in line with expectations and signaled a faster pace of tightening over the coming years. The franc whipsawed as the Swiss National Bank kept its policy rate and deposit rate at record lows, as expected, and reiterated its pledge to wage currency market interventions. The yen fell as a unit of China Evergrande said it had reached an agreement with bond holders over an interest payment, reducing demand for haven assets. Turkey’s lira slumped toa record low against the dollar after the central bank unexpectedly cut interest rates.\nIn commodities, crude futures drifted lower after a rangebound Asia session. WTI was 0.25% lower, trading near $72; Brent dips into the red, so far holding above $76. Spot gold adds $3.5, gentle reversing Asia’s losses to trade near $1,771/oz. Base metals are well bid with LME aluminum leading gains. Bitcoin steadied just below $44,000.\nLooking at the day ahead, we get the weekly initial jobless claims, the Chicago Fed’s national activity index for August, and the Kansas City fed’s manufacturing activity index for September. From central banks, there’ll be a monetary policy decision from the Bank of England, while the ECB will be publishing their Economic Bulletin and the ECB’s Elderson will also speak. From emerging markets, there’ll also be monetary policy decisions from the Central Bank of Turkey and the South African Reserve Bank. Finally in Germany, there’s an election debate with the lead candidates from the Bundestag parties.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863797367,"gmtCreate":1632434232459,"gmtModify":1676530779622,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863797367","repostId":"1185114998","repostType":4,"repost":{"id":"1185114998","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632403944,"share":"https://ttm.financial/m/news/1185114998?lang=en_US&edition=fundamental","pubTime":"2021-09-23 21:32","market":"us","language":"en","title":"Stocks open higher, building on post-Fed gains","url":"https://stock-news.laohu8.com/highlight/detail?id=1185114998","media":"Tiger Newspress","summary":"(Sept 23) Stocks open higher, building on post-Fed gains. Dow rises for a second day, adding 200 poi","content":"<p>(Sept 23)&nbsp;Stocks open higher, building on post-Fed gains.&nbsp;Dow rises for a second day, adding 200 points as market continues to reclaim September losses.</p>\n<p>The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 9% in&nbsp;morning&nbsp;trding.</p>\n<p><img src=\"https://static.tigerbbs.com/db991fbc6c2ba939756396898e5220f5\" tg-width=\"959\" tg-height=\"561\" referrerpolicy=\"no-referrer\">Salesforce rose 4% after the cloud company raised its full-year 2022 revenue guidance.</p>\n<p><img src=\"https://static.tigerbbs.com/21871db96fdc1822b80c9e2903a14651\" tg-width=\"960\" tg-height=\"563\" width=\"100%\" height=\"auto\"></p>\n<p>Airline shares, Carnival stocks gain in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/70de15909e3e929a872f38ecc5bee841\" tg-width=\"276\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></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>Stocks open higher, building on post-Fed gains</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\">\nStocks open higher, building on post-Fed gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;Stocks open higher, building on post-Fed gains.&nbsp;Dow rises for a second day, adding 200 points as market continues to reclaim September losses.</p>\n<p>The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. <a href=\"https://laohu8.com/S/BB\">BlackBerry</a> reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 9% in&nbsp;morning&nbsp;trding.</p>\n<p><img src=\"https://static.tigerbbs.com/db991fbc6c2ba939756396898e5220f5\" tg-width=\"959\" tg-height=\"561\" referrerpolicy=\"no-referrer\">Salesforce rose 4% after the cloud company raised its full-year 2022 revenue guidance.</p>\n<p><img src=\"https://static.tigerbbs.com/21871db96fdc1822b80c9e2903a14651\" tg-width=\"960\" tg-height=\"563\" width=\"100%\" height=\"auto\"></p>\n<p>Airline shares, Carnival stocks gain in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/70de15909e3e929a872f38ecc5bee841\" tg-width=\"276\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185114998","content_text":"(Sept 23) Stocks open higher, building on post-Fed gains. Dow rises for a second day, adding 200 points as market continues to reclaim September losses.\nThe company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. BlackBerry reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 9% in morning trding.\nSalesforce rose 4% after the cloud company raised its full-year 2022 revenue guidance.\n\nAirline shares, Carnival stocks gain in morning trading.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":3050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863797068,"gmtCreate":1632434215554,"gmtModify":1676530779614,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"haha","listText":"haha","text":"haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863797068","repostId":"2169664162","repostType":4,"isVote":1,"tweetType":1,"viewCount":2733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863794530,"gmtCreate":1632434180020,"gmtModify":1676530779614,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"noted","listText":"noted","text":"noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863794530","repostId":"2169667599","repostType":4,"repost":{"id":"2169667599","kind":"highlight","pubTimestamp":1632406200,"share":"https://ttm.financial/m/news/2169667599?lang=en_US&edition=fundamental","pubTime":"2021-09-23 22:10","market":"us","language":"en","title":"4 Unstoppable Investments That Can Send Your Portfolio to the Moon","url":"https://stock-news.laohu8.com/highlight/detail?id=2169667599","media":"Motley Fool","summary":"Ready to boost your savings? These investments can help you generate long-term wealth.","content":"<div>\n<p>Ready to boost your savings? These investments can help you generate long-term wealth.\n\nKey Points\n\nGrowth stocks and dividend stocks can help supercharge your savings and build passive income.\nS&P ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/23/4-unstoppable-investments-that-can-supercharge-you/\">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>4 Unstoppable Investments That Can Send Your Portfolio to the Moon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Unstoppable Investments That Can Send Your Portfolio to the Moon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 22:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/23/4-unstoppable-investments-that-can-supercharge-you/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ready to boost your savings? These investments can help you generate long-term wealth.\n\nKey Points\n\nGrowth stocks and dividend stocks can help supercharge your savings and build passive income.\nS&P ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/23/4-unstoppable-investments-that-can-supercharge-you/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","SDS":"两倍做空标普500 ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","IVV":"标普500ETF-iShares"},"source_url":"https://www.fool.com/investing/2021/09/23/4-unstoppable-investments-that-can-supercharge-you/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2169667599","content_text":"Ready to boost your savings? These investments can help you generate long-term wealth.\n\nKey Points\n\nGrowth stocks and dividend stocks can help supercharge your savings and build passive income.\nS&P 500 ETFs are perfect for those looking for a hands-off investment.\nFractional shares can make buying individual stocks far more affordable.\n\nWhen you're investing in the stock market, you have seemingly endless options to choose from. All of those choices can sometimes feel overwhelming, and it can be tough to determine which investments are right for you.\nWhile everyone will have different preferences and investing styles, there are some investments that can make a fantastic addition to anyone's portfolio. If you're ready to send your savings to the moon, these options could be a wise choice.\n\nImage source: Getty Images.\n1. Growth stocks\nGrowth stocks are investments that have the potential for above-average growth. Many tech stocks fall into this category, including companies like Amazon, Shopify, and Square.\nAlthough growth stocks can be higher risk than their more established counterparts, there's also more room for reward. These stocks are often from innovative companies that are disrupting their industries, which could make them lucrative investments. However, these organizations can also be more volatile than slower-growing businesses.\nIf you choose to invest in growth stocks, be sure to look beyond the stock's earnings and focus more on the big picture. Stocks that have experienced explosive growth aren't always good long-term investments, so look at factors like the company's financials and its leadership team to gauge whether this stock will continue growing over time.\n2. Dividend stocks\nDividend stocks are unique in that they can provide a source of passive income in addition to the returns you earn on your investment.\nSome companies will reward shareholders by paying back a portion of their profits each quarter or year, called a dividend. While each dividend payment is small, over time, they can add up substantially and create a source of passive income.\nYou may also have the option to reinvest your dividends to buy more shares of that particular company's stock. By consistently reinvesting your dividends, you can increase the number of shares you own without actually paying anything out of pocket. And the more shares you own, the more you'll collect in dividend payments.\n3. S&P 500 ETFs\nIf you prefer an investment that requires little to no upkeep, S&P 500 ETFs are a fantastic option. These funds track the S&P 500 index, which means they include the same stocks as the index itself and aim to mirror its long-term performance.\nWith an S&P 500 ETF, you don't need to choose stocks or research individual companies. All you need to do is invest regularly and hold your investments for as long as possible, and your portfolio will gradually grow over time.\nThe downside to this type of investment is that it's impossible to beat the market. By definition, S&P 500 ETFs earn average returns. They follow the market, so they can't outperform the market. However, for many investors, average returns are a worthwhile trade-off when you consider that these funds require very little effort to achieve consistent growth over the long run.\n4. Fractional shares\nFractional shares are perfect for the investor who wants to buy individual stocks without breaking the bank.\nWhen you buy fractional shares, you're investing in a portion of a single full share of stock. Some stocks cost hundreds or thousands of dollars for a full share, but with fractional shares, you can spend as little as $1 for a small slice of the same stock.\nIt's still important to do your research when buying fractional shares. It can be tempting to buy risky stocks when it'll only cost you a dollar to invest, but the same general investing principles still apply, regardless of how much you're spending. If you're not willing to hold a stock for at least a few years, it's probably not a stock you should be buying right now.\nInvesting in the stock market is one of the best ways to increase your net worth and generate wealth over time. With these four types of investments, you'll be well on your way to building an unstoppable portfolio.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"OEF":0.9,"ESmain":0.9,"SSO":0.9,"IVV":0.9,"OEX":0.9,"SH":0.9,".SPX":0.9,"SPXU":0.9,"SDS":0.9}},"isVote":1,"tweetType":1,"viewCount":2657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863794296,"gmtCreate":1632434154015,"gmtModify":1676530779606,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863794296","repostId":"1181941187","repostType":4,"repost":{"id":"1181941187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://ttm.financial/m/news/1181941187?lang=en_US&edition=fundamental","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p>\n<p>Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p>\n<p>Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Mobile app</li>\n <li>Website</li>\n <li>Passbook KYC and identity verification</li>\n</ul>\n<p>RELY's coverage map of send and receive countries is shown below:</p>\n<p><img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p>\n<p>85% of the user base interacts primarily through its mobile application.</p>\n<p>Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p>\n<p>According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p>\n<p>This represents a forecast CAGR of 3.9% from 2019 to 2026.</p>\n<p>The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p>\n<p>Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p>\n<p><img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Traditional providers and banks</li>\n <li>Digital-first cross-border providers</li>\n <li>Cryptocurrency systems</li>\n <li>Person-to-person informal channels</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Remitly’s recent financial results can be summarized as follows:</p>\n<ul>\n <li>Sharply growing top line revenue</li>\n <li>Increasing gross profit</li>\n <li>Variable gross margin within a tight range</li>\n <li>Reduced operating losses and negative operating margin</li>\n <li>A sharp swing to positive cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p><b>IPO Details</b></p>\n<p>RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p>\n<p>Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n</blockquote>\n<blockquote>\n (Source)\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p>\n<p><img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p>\n<p>The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p>Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p>\n<p>The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p>\n<p>As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p>\n<p>RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p>\n<p>I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p>\n<p>RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</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>Remitly Global opens for trading at $53, up about 23% from IPO price</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; 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}\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\">\nRemitly Global opens for trading at $53, up about 23% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p>\n<p>Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p>\n<p>Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Mobile app</li>\n <li>Website</li>\n <li>Passbook KYC and identity verification</li>\n</ul>\n<p>RELY's coverage map of send and receive countries is shown below:</p>\n<p><img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p>\n<p>85% of the user base interacts primarily through its mobile application.</p>\n<p>Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p>\n<p>According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p>\n<p>This represents a forecast CAGR of 3.9% from 2019 to 2026.</p>\n<p>The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p>\n<p>Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p>\n<p><img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Traditional providers and banks</li>\n <li>Digital-first cross-border providers</li>\n <li>Cryptocurrency systems</li>\n <li>Person-to-person informal channels</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Remitly’s recent financial results can be summarized as follows:</p>\n<ul>\n <li>Sharply growing top line revenue</li>\n <li>Increasing gross profit</li>\n <li>Variable gross margin within a tight range</li>\n <li>Reduced operating losses and negative operating margin</li>\n <li>A sharp swing to positive cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p><b>IPO Details</b></p>\n<p>RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p>\n<p>Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n</blockquote>\n<blockquote>\n (Source)\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p>\n<p><img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p>\n<p>The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p>Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p>\n<p>The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p>\n<p>As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p>\n<p>RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p>\n<p>I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p>\n<p>RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":3417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863794824,"gmtCreate":1632434139568,"gmtModify":1676530779598,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"good...","listText":"good...","text":"good...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863794824","repostId":"1159478468","repostType":4,"repost":{"id":"1159478468","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632411695,"share":"https://ttm.financial/m/news/1159478468?lang=en_US&edition=fundamental","pubTime":"2021-09-23 23:41","market":"other","language":"en","title":"EngageSmart opens for trading at $37, up about 43.6% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1159478468","media":"Tiger Newspress","summary":"(Sept 23) EngageSmart Inc. opens for trading at $37, up about 43.6% from IPO price.\n\nCompany\nBraintr","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/ESMT\">EngageSmart Inc.</a> opens for trading at $37, up about 43.6% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/835bc9b4ff09e761852f27f75743b887\" tg-width=\"898\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Company</b></p>\n<p>Braintree, Massachusetts-based EngageSmart was founded to develop a platform that improves customer engagement tailored for certain industry verticals.</p>\n<p>Management is headed by founder and CEO Robert P. Bennett, who has been with the firm since inception and was previously president of Sage Payment Solutions.</p>\n<p>The company's primary offerings include:</p>\n<ul>\n <li>SimplePractice - Wellness</li>\n <li>InvoiceCloud - Government, Utilities and Financial Services</li>\n <li>HealthPay24 - Healthcare</li>\n <li>DonorDrive - Non-profit and Corporate Fundraising</li>\n</ul>\n<p>EngageSmart has received at least $451 million in equity investment from investors including General Atlantic and Summit Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm pursues both large enterprise customers and SMB customers via its direct sales force and online service.</p>\n<p>As of June 30, 2021, the firm had served over 68,000 clients in the SMB market and more than 3,000 customers in its Enterprise Solutions segment.</p>\n<p>Selling and Marketing expenses as a percentage of total revenue have dropped as revenues have increased, as the figures below indicate:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling and Marketing</b></p></td>\n   <td><p><b>Expenses vs. Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Percentage</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>32.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>33.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>43.1%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The Selling and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling and Marketing spend, dropped slightly to 1.1x in the most recent reporting period, as shown in the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling and Marketing</b></p></td>\n   <td><p><b>Efficiency Rate</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Multiple</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>1.1</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>1.3</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p>\n<p>ESMT's most recent calculation was 64% as of June 30, 2021, so the firm is performing well in this regard, per the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Rule of 40</b></p></td>\n   <td><p><b>Calculation</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Recent Rev. Growth %</p></td>\n   <td><p>59%</p></td>\n  </tr>\n  <tr>\n   <td><p>EBITDA %</p></td>\n   <td><p>5%</p></td>\n  </tr>\n  <tr>\n   <td><p>Total</p></td>\n   <td><p>64%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The firm's dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.</p>\n<p>The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2021 marketresearch reportby Mordor Intelligence, the global market for customer engagement solutions was an estimated $15.5 billion in 2020 and is forecast to reach $30.9 billion by 2026.</p>\n<p>This represents a forecast CAGR of 12.65% from 2021 to 2026.</p>\n<p>The main drivers for this expected growth are a growth in technology solutions to improve the customer journey via any device they use to connect with businesses.</p>\n<p>Also, a desire to reduce customer churn rate results in improved business financials and growing valuation.</p>\n<p>Below is a chart showing the variation in customer churn rates in different industries in the U.S. in 2018:</p>\n<p><img src=\"https://static.tigerbbs.com/f1066adb602d05e4e99630aacf61e1c5\" tg-width=\"1060\" tg-height=\"922\" referrerpolicy=\"no-referrer\">Major competitive or other industry participants include:</p>\n<ul>\n <li><p>IBM(NYSE:IBM)</p></li>\n <li><p>Microsoft(NASDAQ:MSFT)</p></li>\n <li><p>Nuance(NASDAQ:NUAN)</p></li>\n <li><p>Oracle(NYSE:ORCL)</p></li>\n <li><p>Salesforce(NYSE:CRM)</p></li>\n <li><p>Avaya(NYSE:AVYA)</p></li>\n <li><p>Calabrio</p></li>\n <li><p>Aspect Software</p></li>\n <li><p>Genesys</p></li>\n <li><p>Verint Systems(NASDAQ:VRNT)</p></li>\n <li><p>NICE Ltd.(NASDAQ:NICE)</p></li>\n <li><p>OpenText</p></li>\n <li><p>Pegasystems(NASDAQ:PEGA)</p></li>\n <li><p>Others</p></li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>EngageSmart's recent financial results can be summarized as follows:</p>\n<ul>\n <li><p>Growing topline revenue</p></li>\n <li><p>Increasing gross profit and high gross margin</p></li>\n <li><p>Growing operating profit and net income</p></li>\n <li><p>Increasing cash flow from operations</p></li>\n</ul>\n<p>Below are relevant financial results derived from the firm's registration statement:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Total Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Total Revenue</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 99,171,000</p></td>\n   <td><p>58.6%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 146,557,000</p></td>\n   <td><p>77.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 82,432,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Profit (Loss)</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 73,673,000</p></td>\n   <td><p>61.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 108,964,000</p></td>\n   <td><p>89.2%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 57,591,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Margin</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>74.29%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>74.35%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>69.86%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Operating Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Operating Profit (Loss)</p></td>\n   <td><p>Operating Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 5,001,000</p></td>\n   <td><p>5.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 648,000</p></td>\n   <td><p>0.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (50,398,000)</p></td>\n   <td><p>-61.1%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Net Income (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Net Income (Loss)</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 274,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (6,678,000)</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (53,598,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Cash Flow From Operations</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Cash Flow From Operations</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 12,044,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 19,645,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (1,427,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>As of June 30, 2021, EngageSmart had $31.8 million in cash and $151.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $25.2 million.</p>\n<p><b>IPO Details</b></p>\n<p>ESMT intends to sell 13 million shares and selling shareholders will offer 1.55 million shares of common stock at a proposed midpoint price of $24.00 per share for gross proceeds of approximately $349 million, not including the sale of customary underwriter options.</p>\n<p>New potential investor Dragoneer Investment Group has indicated an interest to purchase 2.1 million shares of the offering or about $50.4 million at the proposed midpoint price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company's enterprise value at IPO (ex- underwriter options) would approximate $3.7 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 9.04%. A figure under 10% is generally considered a 'low float' stock which can be subject to significant price volatility.</p>\n<p>Per the firm's most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We expect to use the net proceeds of this offering to repay in full the outstanding borrowings of approximately $114.2 million under our Credit Facilities. We currently intend to use the remaining net proceeds from this offering for general corporate purposes, including to fund our growth, acquire complementary businesses, products, services, or technologies, working capital, operating expenses, and capital expenditures.\n</blockquote>\n<blockquote>\n Source: SEC\n</blockquote>\n<p>Management's presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management did not disclose any legal claims against the firm as of the regulatory filing date.</p>\n<p>Listed underwriters of the IPO are JPMorgan, Goldman Sachs, BofA Securities, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm's relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Measure [TTM]</b></p></td>\n   <td><p><b>Amount</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Market Capitalization at IPO</p></td>\n   <td><p>$3,862,956,720</p></td>\n  </tr>\n  <tr>\n   <td><p>Enterprise Value</p></td>\n   <td><p>$3,656,695,720</p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>21.09</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>19.96</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>377.37</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Float To Outstanding Shares Ratio</p></td>\n   <td><p>9.04%</p></td>\n  </tr>\n  <tr>\n   <td><p>Proposed IPO Midpoint Price per Share</p></td>\n   <td><p>$24.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Net Free Cash Flow</p></td>\n   <td><p>$25,236,000</p></td>\n  </tr>\n  <tr>\n   <td><p>Free Cash Flow Yield Per Share</p></td>\n   <td><p>0.65%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>58.59%</p></td>\n  </tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>As a reference, a potential public comparable would be NICE Ltd.; shown below is a comparison of their primary valuation metrics:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Metric</b></p></td>\n   <td><p><b>Nice Ltd.</b></p></td>\n   <td><p><b>EngageSmart</b></p></td>\n   <td><p><b>Variance</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>11.01</p></td>\n   <td><p>21.09</p></td>\n   <td><p>91.5%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>10.67</p></td>\n   <td><p>19.96</p></td>\n   <td><p>87.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>41.73</p></td>\n   <td><p>377.37</p></td>\n   <td><p>804.3%</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$3.05</p></td>\n   <td><p>$0.00</p></td>\n   <td><p>-100.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>5.3%</p></td>\n   <td><p>58.59%</p></td>\n   <td><p>1003.34%</p></td>\n  </tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>(S-1/A andSeeking Alpha)</p>\n<p><b>Commentary</b></p>\n<p>ESMT is seeking public investment to pay down debt and for its general unspecified corporate growth plans.</p>\n<p>The firm's financials show strong topline revenue growth and gross profit growth, operating profit and a swing to slight net profit along with growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was a solid $25.2 million.</p>\n<p>Selling and Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Selling and Marketing efficiency rate dropped to 1.1x in the most recent six-month reporting period.</p>\n<p>The company's Rule of 40 performance was excellent and its dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.</p>\n<p>The market opportunity for providing customer engagement software to businesses is large and expected to double in size by the end of 2026, so the company will be helped by strong industry growth dynamics.</p>\n<p>JPMorgan is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 20.4% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company's outlook is the ability for larger firms to bundle some of their services into their existing offerings, resulting in downward pricing pressure and greater competition.</p>\n<p>As for valuation, compared to partial competitor NICE, ESMT is growing revenue much faster and so its much higher revenue multiples would appear to be justified.</p>\n<p>Also, the company is growing much faster than competitor Pegasystems, so seems to be taking market share from these and other companies in the customer engagement market.</p>\n<p>Given the firm's strong growth and operating metrics versus its competitors, while the IPO isn't cheap, it is worth consideration.</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>EngageSmart opens for trading at $37, up about 43.6% from IPO price</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\">\nEngageSmart opens for trading at $37, up about 43.6% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 23:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/ESMT\">EngageSmart Inc.</a> opens for trading at $37, up about 43.6% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/835bc9b4ff09e761852f27f75743b887\" tg-width=\"898\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Company</b></p>\n<p>Braintree, Massachusetts-based EngageSmart was founded to develop a platform that improves customer engagement tailored for certain industry verticals.</p>\n<p>Management is headed by founder and CEO Robert P. Bennett, who has been with the firm since inception and was previously president of Sage Payment Solutions.</p>\n<p>The company's primary offerings include:</p>\n<ul>\n <li>SimplePractice - Wellness</li>\n <li>InvoiceCloud - Government, Utilities and Financial Services</li>\n <li>HealthPay24 - Healthcare</li>\n <li>DonorDrive - Non-profit and Corporate Fundraising</li>\n</ul>\n<p>EngageSmart has received at least $451 million in equity investment from investors including General Atlantic and Summit Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm pursues both large enterprise customers and SMB customers via its direct sales force and online service.</p>\n<p>As of June 30, 2021, the firm had served over 68,000 clients in the SMB market and more than 3,000 customers in its Enterprise Solutions segment.</p>\n<p>Selling and Marketing expenses as a percentage of total revenue have dropped as revenues have increased, as the figures below indicate:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling and Marketing</b></p></td>\n   <td><p><b>Expenses vs. Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Percentage</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>32.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>33.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>43.1%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The Selling and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling and Marketing spend, dropped slightly to 1.1x in the most recent reporting period, as shown in the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling and Marketing</b></p></td>\n   <td><p><b>Efficiency Rate</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Multiple</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>1.1</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>1.3</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p>\n<p>ESMT's most recent calculation was 64% as of June 30, 2021, so the firm is performing well in this regard, per the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Rule of 40</b></p></td>\n   <td><p><b>Calculation</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Recent Rev. Growth %</p></td>\n   <td><p>59%</p></td>\n  </tr>\n  <tr>\n   <td><p>EBITDA %</p></td>\n   <td><p>5%</p></td>\n  </tr>\n  <tr>\n   <td><p>Total</p></td>\n   <td><p>64%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>The firm's dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.</p>\n<p>The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2021 marketresearch reportby Mordor Intelligence, the global market for customer engagement solutions was an estimated $15.5 billion in 2020 and is forecast to reach $30.9 billion by 2026.</p>\n<p>This represents a forecast CAGR of 12.65% from 2021 to 2026.</p>\n<p>The main drivers for this expected growth are a growth in technology solutions to improve the customer journey via any device they use to connect with businesses.</p>\n<p>Also, a desire to reduce customer churn rate results in improved business financials and growing valuation.</p>\n<p>Below is a chart showing the variation in customer churn rates in different industries in the U.S. in 2018:</p>\n<p><img src=\"https://static.tigerbbs.com/f1066adb602d05e4e99630aacf61e1c5\" tg-width=\"1060\" tg-height=\"922\" referrerpolicy=\"no-referrer\">Major competitive or other industry participants include:</p>\n<ul>\n <li><p>IBM(NYSE:IBM)</p></li>\n <li><p>Microsoft(NASDAQ:MSFT)</p></li>\n <li><p>Nuance(NASDAQ:NUAN)</p></li>\n <li><p>Oracle(NYSE:ORCL)</p></li>\n <li><p>Salesforce(NYSE:CRM)</p></li>\n <li><p>Avaya(NYSE:AVYA)</p></li>\n <li><p>Calabrio</p></li>\n <li><p>Aspect Software</p></li>\n <li><p>Genesys</p></li>\n <li><p>Verint Systems(NASDAQ:VRNT)</p></li>\n <li><p>NICE Ltd.(NASDAQ:NICE)</p></li>\n <li><p>OpenText</p></li>\n <li><p>Pegasystems(NASDAQ:PEGA)</p></li>\n <li><p>Others</p></li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>EngageSmart's recent financial results can be summarized as follows:</p>\n<ul>\n <li><p>Growing topline revenue</p></li>\n <li><p>Increasing gross profit and high gross margin</p></li>\n <li><p>Growing operating profit and net income</p></li>\n <li><p>Increasing cash flow from operations</p></li>\n</ul>\n<p>Below are relevant financial results derived from the firm's registration statement:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Total Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Total Revenue</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 99,171,000</p></td>\n   <td><p>58.6%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 146,557,000</p></td>\n   <td><p>77.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 82,432,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Profit (Loss)</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 73,673,000</p></td>\n   <td><p>61.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 108,964,000</p></td>\n   <td><p>89.2%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 57,591,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Margin</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>74.29%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>74.35%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>69.86%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Operating Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Operating Profit (Loss)</p></td>\n   <td><p>Operating Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 5,001,000</p></td>\n   <td><p>5.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 648,000</p></td>\n   <td><p>0.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (50,398,000)</p></td>\n   <td><p>-61.1%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Net Income (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Net Income (Loss)</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 274,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (6,678,000)</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (53,598,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Cash Flow From Operations</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Cash Flow From Operations</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 12,044,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 19,645,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (1,427,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>As of June 30, 2021, EngageSmart had $31.8 million in cash and $151.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $25.2 million.</p>\n<p><b>IPO Details</b></p>\n<p>ESMT intends to sell 13 million shares and selling shareholders will offer 1.55 million shares of common stock at a proposed midpoint price of $24.00 per share for gross proceeds of approximately $349 million, not including the sale of customary underwriter options.</p>\n<p>New potential investor Dragoneer Investment Group has indicated an interest to purchase 2.1 million shares of the offering or about $50.4 million at the proposed midpoint price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company's enterprise value at IPO (ex- underwriter options) would approximate $3.7 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 9.04%. A figure under 10% is generally considered a 'low float' stock which can be subject to significant price volatility.</p>\n<p>Per the firm's most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We expect to use the net proceeds of this offering to repay in full the outstanding borrowings of approximately $114.2 million under our Credit Facilities. We currently intend to use the remaining net proceeds from this offering for general corporate purposes, including to fund our growth, acquire complementary businesses, products, services, or technologies, working capital, operating expenses, and capital expenditures.\n</blockquote>\n<blockquote>\n Source: SEC\n</blockquote>\n<p>Management's presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management did not disclose any legal claims against the firm as of the regulatory filing date.</p>\n<p>Listed underwriters of the IPO are JPMorgan, Goldman Sachs, BofA Securities, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm's relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Measure [TTM]</b></p></td>\n   <td><p><b>Amount</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Market Capitalization at IPO</p></td>\n   <td><p>$3,862,956,720</p></td>\n  </tr>\n  <tr>\n   <td><p>Enterprise Value</p></td>\n   <td><p>$3,656,695,720</p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>21.09</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>19.96</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>377.37</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Float To Outstanding Shares Ratio</p></td>\n   <td><p>9.04%</p></td>\n  </tr>\n  <tr>\n   <td><p>Proposed IPO Midpoint Price per Share</p></td>\n   <td><p>$24.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Net Free Cash Flow</p></td>\n   <td><p>$25,236,000</p></td>\n  </tr>\n  <tr>\n   <td><p>Free Cash Flow Yield Per Share</p></td>\n   <td><p>0.65%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>58.59%</p></td>\n  </tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>Source: SEC</p>\n<p>As a reference, a potential public comparable would be NICE Ltd.; shown below is a comparison of their primary valuation metrics:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Metric</b></p></td>\n   <td><p><b>Nice Ltd.</b></p></td>\n   <td><p><b>EngageSmart</b></p></td>\n   <td><p><b>Variance</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>11.01</p></td>\n   <td><p>21.09</p></td>\n   <td><p>91.5%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>10.67</p></td>\n   <td><p>19.96</p></td>\n   <td><p>87.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>41.73</p></td>\n   <td><p>377.37</p></td>\n   <td><p>804.3%</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$3.05</p></td>\n   <td><p>$0.00</p></td>\n   <td><p>-100.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>5.3%</p></td>\n   <td><p>58.59%</p></td>\n   <td><p>1003.34%</p></td>\n  </tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>(S-1/A andSeeking Alpha)</p>\n<p><b>Commentary</b></p>\n<p>ESMT is seeking public investment to pay down debt and for its general unspecified corporate growth plans.</p>\n<p>The firm's financials show strong topline revenue growth and gross profit growth, operating profit and a swing to slight net profit along with growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was a solid $25.2 million.</p>\n<p>Selling and Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Selling and Marketing efficiency rate dropped to 1.1x in the most recent six-month reporting period.</p>\n<p>The company's Rule of 40 performance was excellent and its dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.</p>\n<p>The market opportunity for providing customer engagement software to businesses is large and expected to double in size by the end of 2026, so the company will be helped by strong industry growth dynamics.</p>\n<p>JPMorgan is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 20.4% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company's outlook is the ability for larger firms to bundle some of their services into their existing offerings, resulting in downward pricing pressure and greater competition.</p>\n<p>As for valuation, compared to partial competitor NICE, ESMT is growing revenue much faster and so its much higher revenue multiples would appear to be justified.</p>\n<p>Also, the company is growing much faster than competitor Pegasystems, so seems to be taking market share from these and other companies in the customer engagement market.</p>\n<p>Given the firm's strong growth and operating metrics versus its competitors, while the IPO isn't cheap, it is worth consideration.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ESMT":"EngageSmart Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159478468","content_text":"(Sept 23) EngageSmart Inc. opens for trading at $37, up about 43.6% from IPO price.\n\nCompany\nBraintree, Massachusetts-based EngageSmart was founded to develop a platform that improves customer engagement tailored for certain industry verticals.\nManagement is headed by founder and CEO Robert P. Bennett, who has been with the firm since inception and was previously president of Sage Payment Solutions.\nThe company's primary offerings include:\n\nSimplePractice - Wellness\nInvoiceCloud - Government, Utilities and Financial Services\nHealthPay24 - Healthcare\nDonorDrive - Non-profit and Corporate Fundraising\n\nEngageSmart has received at least $451 million in equity investment from investors including General Atlantic and Summit Partners.\nCustomer Acquisition\nThe firm pursues both large enterprise customers and SMB customers via its direct sales force and online service.\nAs of June 30, 2021, the firm had served over 68,000 clients in the SMB market and more than 3,000 customers in its Enterprise Solutions segment.\nSelling and Marketing expenses as a percentage of total revenue have dropped as revenues have increased, as the figures below indicate:\n\n\n\n\nSelling and Marketing\nExpenses vs. Revenue\n\n\nPeriod\nPercentage\n\n\nSix Mos. Ended June 30, 2021\n32.4%\n\n\n2020\n33.1%\n\n\n2019\n43.1%\n\n\n\nSource: SEC\nThe Selling and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling and Marketing spend, dropped slightly to 1.1x in the most recent reporting period, as shown in the table below:\n\n\n\n\nSelling and Marketing\nEfficiency Rate\n\n\nPeriod\nMultiple\n\n\nSix Mos. Ended June 30, 2021\n1.1\n\n\n2020\n1.3\n\n\n\nSource: SEC\nThe Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.\nESMT's most recent calculation was 64% as of June 30, 2021, so the firm is performing well in this regard, per the table below:\n\n\n\n\nRule of 40\nCalculation\n\n\nRecent Rev. Growth %\n59%\n\n\nEBITDA %\n5%\n\n\nTotal\n64%\n\n\n\nSource: SEC\nThe firm's dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.\nThe dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.\nMarket & Competition\nAccording to a 2021 marketresearch reportby Mordor Intelligence, the global market for customer engagement solutions was an estimated $15.5 billion in 2020 and is forecast to reach $30.9 billion by 2026.\nThis represents a forecast CAGR of 12.65% from 2021 to 2026.\nThe main drivers for this expected growth are a growth in technology solutions to improve the customer journey via any device they use to connect with businesses.\nAlso, a desire to reduce customer churn rate results in improved business financials and growing valuation.\nBelow is a chart showing the variation in customer churn rates in different industries in the U.S. in 2018:\nMajor competitive or other industry participants include:\n\nIBM(NYSE:IBM)\nMicrosoft(NASDAQ:MSFT)\nNuance(NASDAQ:NUAN)\nOracle(NYSE:ORCL)\nSalesforce(NYSE:CRM)\nAvaya(NYSE:AVYA)\nCalabrio\nAspect Software\nGenesys\nVerint Systems(NASDAQ:VRNT)\nNICE Ltd.(NASDAQ:NICE)\nOpenText\nPegasystems(NASDAQ:PEGA)\nOthers\n\nFinancial Performance\nEngageSmart's recent financial results can be summarized as follows:\n\nGrowing topline revenue\nIncreasing gross profit and high gross margin\nGrowing operating profit and net income\nIncreasing cash flow from operations\n\nBelow are relevant financial results derived from the firm's registration statement:\n\n\n\n\nTotal Revenue\n\n\nPeriod\nTotal Revenue\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 99,171,000\n58.6%\n\n\n2020\n$ 146,557,000\n77.8%\n\n\n2019\n$ 82,432,000\n\n\n\nGross Profit (Loss)\n\n\nPeriod\nGross Profit (Loss)\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 73,673,000\n61.4%\n\n\n2020\n$ 108,964,000\n89.2%\n\n\n2019\n$ 57,591,000\n\n\n\nGross Margin\n\n\nPeriod\nGross Margin\n\n\nSix Mos. Ended June 30, 2021\n74.29%\n\n\n2020\n74.35%\n\n\n2019\n69.86%\n\n\n\nOperating Profit (Loss)\n\n\nPeriod\nOperating Profit (Loss)\nOperating Margin\n\n\nSix Mos. Ended June 30, 2021\n$ 5,001,000\n5.0%\n\n\n2020\n$ 648,000\n0.4%\n\n\n2019\n$ (50,398,000)\n-61.1%\n\n\n\nNet Income (Loss)\n\n\nPeriod\nNet Income (Loss)\n\n\nSix Mos. Ended June 30, 2021\n$ 274,000\n\n\n2020\n$ (6,678,000)\n\n\n2019\n$ (53,598,000)\n\n\n\nCash Flow From Operations\n\n\nPeriod\nCash Flow From Operations\n\n\nSix Mos. Ended June 30, 2021\n$ 12,044,000\n\n\n2020\n$ 19,645,000\n\n\n2019\n$ (1,427,000)\n\n\n\n(Glossary Of Terms)\n\n\n\nSource: SEC\nAs of June 30, 2021, EngageSmart had $31.8 million in cash and $151.8 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was $25.2 million.\nIPO Details\nESMT intends to sell 13 million shares and selling shareholders will offer 1.55 million shares of common stock at a proposed midpoint price of $24.00 per share for gross proceeds of approximately $349 million, not including the sale of customary underwriter options.\nNew potential investor Dragoneer Investment Group has indicated an interest to purchase 2.1 million shares of the offering or about $50.4 million at the proposed midpoint price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company's enterprise value at IPO (ex- underwriter options) would approximate $3.7 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 9.04%. A figure under 10% is generally considered a 'low float' stock which can be subject to significant price volatility.\nPer the firm's most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We expect to use the net proceeds of this offering to repay in full the outstanding borrowings of approximately $114.2 million under our Credit Facilities. We currently intend to use the remaining net proceeds from this offering for general corporate purposes, including to fund our growth, acquire complementary businesses, products, services, or technologies, working capital, operating expenses, and capital expenditures.\n\n\n Source: SEC\n\nManagement's presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management did not disclose any legal claims against the firm as of the regulatory filing date.\nListed underwriters of the IPO are JPMorgan, Goldman Sachs, BofA Securities, and other investment banks.\nValuation Metrics\nBelow is a table of the firm's relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\n\n\n\n\nMeasure [TTM]\nAmount\n\n\nMarket Capitalization at IPO\n$3,862,956,720\n\n\nEnterprise Value\n$3,656,695,720\n\n\nPrice / Sales\n21.09\n\n\nEV / Revenue\n19.96\n\n\nEV / EBITDA\n377.37\n\n\nEarnings Per Share\n$0.00\n\n\nFloat To Outstanding Shares Ratio\n9.04%\n\n\nProposed IPO Midpoint Price per Share\n$24.00\n\n\nNet Free Cash Flow\n$25,236,000\n\n\nFree Cash Flow Yield Per Share\n0.65%\n\n\nRevenue Growth Rate\n58.59%\n\n\n\n\nSource: SEC\nAs a reference, a potential public comparable would be NICE Ltd.; shown below is a comparison of their primary valuation metrics:\n\n\n\n\nMetric\nNice Ltd.\nEngageSmart\nVariance\n\n\nPrice / Sales\n11.01\n21.09\n91.5%\n\n\nEV / Revenue\n10.67\n19.96\n87.1%\n\n\nEV / EBITDA\n41.73\n377.37\n804.3%\n\n\nEarnings Per Share\n$3.05\n$0.00\n-100.0%\n\n\nRevenue Growth Rate\n5.3%\n58.59%\n1003.34%\n\n\n\n\n(S-1/A andSeeking Alpha)\nCommentary\nESMT is seeking public investment to pay down debt and for its general unspecified corporate growth plans.\nThe firm's financials show strong topline revenue growth and gross profit growth, operating profit and a swing to slight net profit along with growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was a solid $25.2 million.\nSelling and Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Selling and Marketing efficiency rate dropped to 1.1x in the most recent six-month reporting period.\nThe company's Rule of 40 performance was excellent and its dollar-based net revenue retention rate for the year ended December 31, 2020, was 124%, a strong result.\nThe market opportunity for providing customer engagement software to businesses is large and expected to double in size by the end of 2026, so the company will be helped by strong industry growth dynamics.\nJPMorgan is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 20.4% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company's outlook is the ability for larger firms to bundle some of their services into their existing offerings, resulting in downward pricing pressure and greater competition.\nAs for valuation, compared to partial competitor NICE, ESMT is growing revenue much faster and so its much higher revenue multiples would appear to be justified.\nAlso, the company is growing much faster than competitor Pegasystems, so seems to be taking market share from these and other companies in the customer engagement market.\nGiven the firm's strong growth and operating metrics versus its competitors, while the IPO isn't cheap, it is worth consideration.","news_type":1,"symbols_score_info":{"ESMT":0.9}},"isVote":1,"tweetType":1,"viewCount":3202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863794349,"gmtCreate":1632434119981,"gmtModify":1676530779591,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863794349","repostId":"1148130438","repostType":4,"repost":{"id":"1148130438","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632412797,"share":"https://ttm.financial/m/news/1148130438?lang=en_US&edition=fundamental","pubTime":"2021-09-23 23:59","market":"us","language":"en","title":"Sterling Check opens for trading at $27.1, up about 18% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1148130438","media":"Tiger Newspress","summary":"(Sept 23) Sterling Check Corp. opens for trading at $27.1, up about 18% from IPO price.\nCompany & Te","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/STER\">Sterling Check Corp.</a> opens for trading at $27.1, up about 18% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/cc3f51dd719989f02bf56c538ce17c72\" tg-width=\"904\" tg-height=\"560\" referrerpolicy=\"no-referrer\"><b>Company &amp; Technology</b></p>\n<p>New York-based Sterling was founded to develop a full suite of background screening, verifications and ongoing monitoring services for businesses.</p>\n<p>Management is headed by Chief Executive Officer Joshua Peirez, who has been with the firm since July 2018 and was previously president and COO of Dun &amp; Bradstreet and held senior roles at Mastercard prior to that.</p>\n<p>The company’s primary offering categories include:</p>\n<ul>\n <li><p>Identity verification</p></li>\n <li><p>Background screening</p></li>\n <li><p>Credential verifications</p></li>\n <li><p>Onboarding</p></li>\n <li><p>Ongoing monitoring</p></li>\n</ul>\n<p>Sterling has received at least $775 million in equity investment from investors including Goldman Sachs and The Greenblatt Trusts.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm pursues large clients through a direct sales team approach organized by industry vertical and region.</p>\n<p>For the 12 months ended June 30, 2021, the firm's platform performed over 75 million searches for over 40,000 clients.</p>\n<p>Selling, G&amp;A expenses as a percentage of total revenue have dropped as revenues have fluctuated, as the figures below indicate:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling, G&amp;A</b></p></td>\n   <td><p><b>Expenses vs. Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Percentage</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>22.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>27.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>29.6%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>The Selling, G&amp;A efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling, G&amp;A spend, rebounded to 1.3x in the most recent reporting period, as shown in the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling, G&amp;A</b></p></td>\n   <td><p><b>Efficiency Rate</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Multiple</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>1.3</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>-0.4</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p>\n<p>STER’s most recent calculation was 51% for the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Rule of 40</b></p></td>\n   <td><p><b>Calculation</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Recent Rev. Growth %</p></td>\n   <td><p>44%</p></td>\n  </tr>\n  <tr>\n   <td><p>EBITDA %</p></td>\n   <td><p>8%</p></td>\n  </tr>\n  <tr>\n   <td><p>Total</p></td>\n   <td><p>51%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2021 marketresearch reportby The Insight Partners, the global employment screening market, one of the firm's focus areas, was an estimated $4.2 billion in 2020 and is forecast to reach $6.4 billion by 2028.</p>\n<p>This represents a forecast CAGR of 5.5% from 2021 to 2028.</p>\n<p>The main drivers for this expected growth are increased populations in urban areas resulting in greater job opportunities and employee demand and a growing incidence of application fraud or inflation.</p>\n<p>Also, the number of applicants for each job opening has increased along with a larger number of contract, temporary and 'gig economy' workers.</p>\n<p>Major competitive or other industry participants include:</p>\n<ul>\n <li><p>First Advantage</p></li>\n <li><p>HireRight</p></li>\n <li><p>Accurate Background</p></li>\n <li><p>ADP</p></li>\n <li><p>Cisive</p></li>\n <li><p>Checkr</p></li>\n <li><p>DISA</p></li>\n <li><p>Triton</p></li>\n <li><p>Other smaller players</p></li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Sterling’s recent financial results can be summarized as follows:</p>\n<ul>\n <li><p>Rebounding topline revenue growth</p></li>\n <li><p>Variable gross profit growth</p></li>\n <li><p>Slightly reduced gross margin</p></li>\n <li><p>A swing to operating profit and net income</p></li>\n <li><p>Growing cash flow from operations in 2021</p></li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Total Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Total Revenue</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 298,698,000</p></td>\n   <td><p>43.6%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 454,053,000</p></td>\n   <td><p>-8.7%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 497,116,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Profit (Loss)</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 155,539,000</p></td>\n   <td><p>41.9%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 236,743,000</p></td>\n   <td><p>-14.2%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 275,769,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Margin</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>52.07%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>52.14%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>55.47%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Operating Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Operating Profit (Loss)</p></td>\n   <td><p>Operating Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 23,204,000</p></td>\n   <td><p>7.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (23,103,000)</p></td>\n   <td><p>-5.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (13,374,000)</p></td>\n   <td><p>-2.7%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Net Income (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Net Income (Loss)</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 4,025,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (52,293,000)</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (46,682,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Cash Flow From Operations</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Cash Flow From Operations</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 45,290,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 36,185,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 36,204,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>As of June 30, 2021, Sterling had $94.3 million in cash and $744.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $45 million.</p>\n<p><b>IPO Details</b></p>\n<p>STER intends to sell 4.76 million shares and selling shareholders will offer 9.525 million shares of common stock at a proposed midpoint price of $21.00 per share for gross proceeds of approximately $300 million, not including the sale of customary underwriter options.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.4 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 15.2%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds to us from this offering, together with cash on hand, to repay approximately $100.0 million outstanding under our Term loan. We intend to use the remainder, if any, of the net proceeds to us from this offering for general corporate purposes.\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not a party to any legal proceedings that it believes would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, Morgan Stanley and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Measure [TTM]</b></p></td>\n   <td><p><b>Amount</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Market Capitalization at IPO</p></td>\n   <td><p>$1,973,227,914</p></td>\n  </tr>\n  <tr>\n   <td><p>Enterprise Value</p></td>\n   <td><p>$2,401,254,914</p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>3.62</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>4.41</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>122.06</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>-$0.08</p></td>\n  </tr>\n  <tr>\n   <td><p>Float To Outstanding Shares Ratio</p></td>\n   <td><p>15.20%</p></td>\n  </tr>\n  <tr>\n   <td><p>Proposed IPO Midpoint Price per Share</p></td>\n   <td><p>$21.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Net Free Cash Flow</p></td>\n   <td><p>$44,998,000</p></td>\n  </tr>\n  <tr>\n   <td><p>Free Cash Flow Yield Per Share</p></td>\n   <td><p>2.28%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>43.64%</p></td>\n  </tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>As a reference, a potential public comparable would be First Advantage(NASDAQ:FA); shown below is a comparison of their primary valuation metrics:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Metric</b></p></td>\n   <td><p><b>First Advantage</b></p></td>\n   <td><p><b>Sterling Check</b></p></td>\n   <td><p><b>Variance</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>5.76</p></td>\n   <td><p>3.62</p></td>\n   <td><p>-37.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>6.53</p></td>\n   <td><p>4.41</p></td>\n   <td><p>-32.5%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>23.41</p></td>\n   <td><p>122.06</p></td>\n   <td><p>421.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.04</p></td>\n   <td><p>-$0.08</p></td>\n   <td><p>-293.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>19.2%</p></td>\n   <td><p>43.64%</p></td>\n   <td><p>127.89%</p></td>\n  </tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(S-1/AandSeeking Alpha)</p>\n<p><b>Commentary</b></p>\n<p>STER is going public to obtain investment to pay down some of its debt and for its corporate expansion initiatives.</p>\n<p>The firm’s financials show rebounding topline revenue growth, uneven gross profit growth, a swing to operating profit and net income and growing cash flow from operations in 2021.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was an impressive $45 million.</p>\n<p>Selling, G&amp;A expenses as a percentage of total revenue have trended lower as revenue has varied and its Selling, G&amp;A efficiency rate rebounded to 1.3x in the most recent six-month reporting period.</p>\n<p>The market opportunity for providing background checks and related services is large and expected to grow at a moderate CAGR Of 5.5% in the coming years, although the continued transition to a decentralized workforce may increase demand a bit above this estimate.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 37.3% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The general business cycle - when companies hire fewer workers during down economic periods, demand for the company’s services will decline.</p>\n<p>While Sterling is not immune to the ups and downs of the business cycle and potential future pandemic variant effects on economic activity, the firm has rebounded impressively and appears positioned to compete in a growing market.</p>\n<p>As for valuation, compared to First Advantage, which went public earlier in 2021 and performed since its debut, STER appears reasonably valued on a revenue multiple basis as the firm is growing revenue at a faster rate. STER is nearing EPS breakeven.</p>\n<p>Given the company’s strong rebound after the 2020 pandemic period and reasonable IPO valuation, the IPO is worth a close look.</p>\n<p></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>Sterling Check opens for trading at $27.1, up about 18% from IPO price</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; 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}\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\">\nSterling Check opens for trading at $27.1, up about 18% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 23:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/STER\">Sterling Check Corp.</a> opens for trading at $27.1, up about 18% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/cc3f51dd719989f02bf56c538ce17c72\" tg-width=\"904\" tg-height=\"560\" referrerpolicy=\"no-referrer\"><b>Company &amp; Technology</b></p>\n<p>New York-based Sterling was founded to develop a full suite of background screening, verifications and ongoing monitoring services for businesses.</p>\n<p>Management is headed by Chief Executive Officer Joshua Peirez, who has been with the firm since July 2018 and was previously president and COO of Dun &amp; Bradstreet and held senior roles at Mastercard prior to that.</p>\n<p>The company’s primary offering categories include:</p>\n<ul>\n <li><p>Identity verification</p></li>\n <li><p>Background screening</p></li>\n <li><p>Credential verifications</p></li>\n <li><p>Onboarding</p></li>\n <li><p>Ongoing monitoring</p></li>\n</ul>\n<p>Sterling has received at least $775 million in equity investment from investors including Goldman Sachs and The Greenblatt Trusts.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm pursues large clients through a direct sales team approach organized by industry vertical and region.</p>\n<p>For the 12 months ended June 30, 2021, the firm's platform performed over 75 million searches for over 40,000 clients.</p>\n<p>Selling, G&amp;A expenses as a percentage of total revenue have dropped as revenues have fluctuated, as the figures below indicate:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling, G&amp;A</b></p></td>\n   <td><p><b>Expenses vs. Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Percentage</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>22.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>27.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>29.6%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>The Selling, G&amp;A efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling, G&amp;A spend, rebounded to 1.3x in the most recent reporting period, as shown in the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Selling, G&amp;A</b></p></td>\n   <td><p><b>Efficiency Rate</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Multiple</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>1.3</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>-0.4</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p>\n<p>STER’s most recent calculation was 51% for the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Rule of 40</b></p></td>\n   <td><p><b>Calculation</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Recent Rev. Growth %</p></td>\n   <td><p>44%</p></td>\n  </tr>\n  <tr>\n   <td><p>EBITDA %</p></td>\n   <td><p>8%</p></td>\n  </tr>\n  <tr>\n   <td><p>Total</p></td>\n   <td><p>51%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2021 marketresearch reportby The Insight Partners, the global employment screening market, one of the firm's focus areas, was an estimated $4.2 billion in 2020 and is forecast to reach $6.4 billion by 2028.</p>\n<p>This represents a forecast CAGR of 5.5% from 2021 to 2028.</p>\n<p>The main drivers for this expected growth are increased populations in urban areas resulting in greater job opportunities and employee demand and a growing incidence of application fraud or inflation.</p>\n<p>Also, the number of applicants for each job opening has increased along with a larger number of contract, temporary and 'gig economy' workers.</p>\n<p>Major competitive or other industry participants include:</p>\n<ul>\n <li><p>First Advantage</p></li>\n <li><p>HireRight</p></li>\n <li><p>Accurate Background</p></li>\n <li><p>ADP</p></li>\n <li><p>Cisive</p></li>\n <li><p>Checkr</p></li>\n <li><p>DISA</p></li>\n <li><p>Triton</p></li>\n <li><p>Other smaller players</p></li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Sterling’s recent financial results can be summarized as follows:</p>\n<ul>\n <li><p>Rebounding topline revenue growth</p></li>\n <li><p>Variable gross profit growth</p></li>\n <li><p>Slightly reduced gross margin</p></li>\n <li><p>A swing to operating profit and net income</p></li>\n <li><p>Growing cash flow from operations in 2021</p></li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Total Revenue</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Total Revenue</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 298,698,000</p></td>\n   <td><p>43.6%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 454,053,000</p></td>\n   <td><p>-8.7%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 497,116,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Profit (Loss)</p></td>\n   <td><p>% Variance vs. Prior</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 155,539,000</p></td>\n   <td><p>41.9%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 236,743,000</p></td>\n   <td><p>-14.2%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 275,769,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Gross Margin</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Gross Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>52.07%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>52.14%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>55.47%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Operating Profit (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Operating Profit (Loss)</p></td>\n   <td><p>Operating Margin</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 23,204,000</p></td>\n   <td><p>7.8%</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (23,103,000)</p></td>\n   <td><p>-5.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (13,374,000)</p></td>\n   <td><p>-2.7%</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Net Income (Loss)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Net Income (Loss)</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 4,025,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ (52,293,000)</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ (46,682,000)</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p><b>Cash Flow From Operations</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Period</p></td>\n   <td><p>Cash Flow From Operations</p></td>\n  </tr>\n  <tr>\n   <td><p>Six Mos. Ended June 30, 2021</p></td>\n   <td><p>$ 45,290,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2020</p></td>\n   <td><p>$ 36,185,000</p></td>\n  </tr>\n  <tr>\n   <td><p>2019</p></td>\n   <td><p>$ 36,204,000</p></td>\n  </tr>\n  <tr></tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>As of June 30, 2021, Sterling had $94.3 million in cash and $744.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $45 million.</p>\n<p><b>IPO Details</b></p>\n<p>STER intends to sell 4.76 million shares and selling shareholders will offer 9.525 million shares of common stock at a proposed midpoint price of $21.00 per share for gross proceeds of approximately $300 million, not including the sale of customary underwriter options.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.4 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 15.2%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds to us from this offering, together with cash on hand, to repay approximately $100.0 million outstanding under our Term loan. We intend to use the remainder, if any, of the net proceeds to us from this offering for general corporate purposes.\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not a party to any legal proceedings that it believes would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, Morgan Stanley and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Measure [TTM]</b></p></td>\n   <td><p><b>Amount</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Market Capitalization at IPO</p></td>\n   <td><p>$1,973,227,914</p></td>\n  </tr>\n  <tr>\n   <td><p>Enterprise Value</p></td>\n   <td><p>$2,401,254,914</p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>3.62</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>4.41</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>122.06</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>-$0.08</p></td>\n  </tr>\n  <tr>\n   <td><p>Float To Outstanding Shares Ratio</p></td>\n   <td><p>15.20%</p></td>\n  </tr>\n  <tr>\n   <td><p>Proposed IPO Midpoint Price per Share</p></td>\n   <td><p>$21.00</p></td>\n  </tr>\n  <tr>\n   <td><p>Net Free Cash Flow</p></td>\n   <td><p>$44,998,000</p></td>\n  </tr>\n  <tr>\n   <td><p>Free Cash Flow Yield Per Share</p></td>\n   <td><p>2.28%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>43.64%</p></td>\n  </tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(Source)</p>\n<p>As a reference, a potential public comparable would be First Advantage(NASDAQ:FA); shown below is a comparison of their primary valuation metrics:</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><p><b>Metric</b></p></td>\n   <td><p><b>First Advantage</b></p></td>\n   <td><p><b>Sterling Check</b></p></td>\n   <td><p><b>Variance</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Price / Sales</p></td>\n   <td><p>5.76</p></td>\n   <td><p>3.62</p></td>\n   <td><p>-37.1%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / Revenue</p></td>\n   <td><p>6.53</p></td>\n   <td><p>4.41</p></td>\n   <td><p>-32.5%</p></td>\n  </tr>\n  <tr>\n   <td><p>EV / EBITDA</p></td>\n   <td><p>23.41</p></td>\n   <td><p>122.06</p></td>\n   <td><p>421.4%</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.04</p></td>\n   <td><p>-$0.08</p></td>\n   <td><p>-293.0%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue Growth Rate</p></td>\n   <td><p>19.2%</p></td>\n   <td><p>43.64%</p></td>\n   <td><p>127.89%</p></td>\n  </tr>\n  <tr>\n   <td><p>(Glossary Of Terms)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>(S-1/AandSeeking Alpha)</p>\n<p><b>Commentary</b></p>\n<p>STER is going public to obtain investment to pay down some of its debt and for its corporate expansion initiatives.</p>\n<p>The firm’s financials show rebounding topline revenue growth, uneven gross profit growth, a swing to operating profit and net income and growing cash flow from operations in 2021.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was an impressive $45 million.</p>\n<p>Selling, G&amp;A expenses as a percentage of total revenue have trended lower as revenue has varied and its Selling, G&amp;A efficiency rate rebounded to 1.3x in the most recent six-month reporting period.</p>\n<p>The market opportunity for providing background checks and related services is large and expected to grow at a moderate CAGR Of 5.5% in the coming years, although the continued transition to a decentralized workforce may increase demand a bit above this estimate.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 37.3% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The general business cycle - when companies hire fewer workers during down economic periods, demand for the company’s services will decline.</p>\n<p>While Sterling is not immune to the ups and downs of the business cycle and potential future pandemic variant effects on economic activity, the firm has rebounded impressively and appears positioned to compete in a growing market.</p>\n<p>As for valuation, compared to First Advantage, which went public earlier in 2021 and performed since its debut, STER appears reasonably valued on a revenue multiple basis as the firm is growing revenue at a faster rate. STER is nearing EPS breakeven.</p>\n<p>Given the company’s strong rebound after the 2020 pandemic period and reasonable IPO valuation, the IPO is worth a close look.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STER":"Sterling Check Corp."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148130438","content_text":"(Sept 23) Sterling Check Corp. opens for trading at $27.1, up about 18% from IPO price.\nCompany & Technology\nNew York-based Sterling was founded to develop a full suite of background screening, verifications and ongoing monitoring services for businesses.\nManagement is headed by Chief Executive Officer Joshua Peirez, who has been with the firm since July 2018 and was previously president and COO of Dun & Bradstreet and held senior roles at Mastercard prior to that.\nThe company’s primary offering categories include:\n\nIdentity verification\nBackground screening\nCredential verifications\nOnboarding\nOngoing monitoring\n\nSterling has received at least $775 million in equity investment from investors including Goldman Sachs and The Greenblatt Trusts.\nCustomer Acquisition\nThe firm pursues large clients through a direct sales team approach organized by industry vertical and region.\nFor the 12 months ended June 30, 2021, the firm's platform performed over 75 million searches for over 40,000 clients.\nSelling, G&A expenses as a percentage of total revenue have dropped as revenues have fluctuated, as the figures below indicate:\n\n\n\n\nSelling, G&A\nExpenses vs. Revenue\n\n\nPeriod\nPercentage\n\n\nSix Mos. Ended June 30, 2021\n22.8%\n\n\n2020\n27.0%\n\n\n2019\n29.6%\n\n\n\n(Source)\nThe Selling, G&A efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling, G&A spend, rebounded to 1.3x in the most recent reporting period, as shown in the table below:\n\n\n\n\nSelling, G&A\nEfficiency Rate\n\n\nPeriod\nMultiple\n\n\nSix Mos. Ended June 30, 2021\n1.3\n\n\n2020\n-0.4\n\n\n\n(Source)\nThe Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.\nSTER’s most recent calculation was 51% for the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:\n\n\n\n\nRule of 40\nCalculation\n\n\nRecent Rev. Growth %\n44%\n\n\nEBITDA %\n8%\n\n\nTotal\n51%\n\n\n\n(Source)\nMarket & Competition\nAccording to a 2021 marketresearch reportby The Insight Partners, the global employment screening market, one of the firm's focus areas, was an estimated $4.2 billion in 2020 and is forecast to reach $6.4 billion by 2028.\nThis represents a forecast CAGR of 5.5% from 2021 to 2028.\nThe main drivers for this expected growth are increased populations in urban areas resulting in greater job opportunities and employee demand and a growing incidence of application fraud or inflation.\nAlso, the number of applicants for each job opening has increased along with a larger number of contract, temporary and 'gig economy' workers.\nMajor competitive or other industry participants include:\n\nFirst Advantage\nHireRight\nAccurate Background\nADP\nCisive\nCheckr\nDISA\nTriton\nOther smaller players\n\nFinancial Performance\nSterling’s recent financial results can be summarized as follows:\n\nRebounding topline revenue growth\nVariable gross profit growth\nSlightly reduced gross margin\nA swing to operating profit and net income\nGrowing cash flow from operations in 2021\n\nBelow are relevant financial results derived from the firm’s registration statement:\n\n\n\n\nTotal Revenue\n\n\nPeriod\nTotal Revenue\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 298,698,000\n43.6%\n\n\n2020\n$ 454,053,000\n-8.7%\n\n\n2019\n$ 497,116,000\n\n\n\nGross Profit (Loss)\n\n\nPeriod\nGross Profit (Loss)\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 155,539,000\n41.9%\n\n\n2020\n$ 236,743,000\n-14.2%\n\n\n2019\n$ 275,769,000\n\n\n\nGross Margin\n\n\nPeriod\nGross Margin\n\n\nSix Mos. Ended June 30, 2021\n52.07%\n\n\n2020\n52.14%\n\n\n2019\n55.47%\n\n\n\nOperating Profit (Loss)\n\n\nPeriod\nOperating Profit (Loss)\nOperating Margin\n\n\nSix Mos. Ended June 30, 2021\n$ 23,204,000\n7.8%\n\n\n2020\n$ (23,103,000)\n-5.1%\n\n\n2019\n$ (13,374,000)\n-2.7%\n\n\n\nNet Income (Loss)\n\n\nPeriod\nNet Income (Loss)\n\n\nSix Mos. Ended June 30, 2021\n$ 4,025,000\n\n\n2020\n$ (52,293,000)\n\n\n2019\n$ (46,682,000)\n\n\n\nCash Flow From Operations\n\n\nPeriod\nCash Flow From Operations\n\n\nSix Mos. Ended June 30, 2021\n$ 45,290,000\n\n\n2020\n$ 36,185,000\n\n\n2019\n$ 36,204,000\n\n\n\n(Glossary Of Terms)\n\n\n\n(Source)\nAs of June 30, 2021, Sterling had $94.3 million in cash and $744.8 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was $45 million.\nIPO Details\nSTER intends to sell 4.76 million shares and selling shareholders will offer 9.525 million shares of common stock at a proposed midpoint price of $21.00 per share for gross proceeds of approximately $300 million, not including the sale of customary underwriter options.\nNo existing shareholders have indicated an interest to purchase shares at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.4 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 15.2%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds to us from this offering, together with cash on hand, to repay approximately $100.0 million outstanding under our Term loan. We intend to use the remainder, if any, of the net proceeds to us from this offering for general corporate purposes.\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not a party to any legal proceedings that it believes would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, Morgan Stanley and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\n\n\n\n\nMeasure [TTM]\nAmount\n\n\nMarket Capitalization at IPO\n$1,973,227,914\n\n\nEnterprise Value\n$2,401,254,914\n\n\nPrice / Sales\n3.62\n\n\nEV / Revenue\n4.41\n\n\nEV / EBITDA\n122.06\n\n\nEarnings Per Share\n-$0.08\n\n\nFloat To Outstanding Shares Ratio\n15.20%\n\n\nProposed IPO Midpoint Price per Share\n$21.00\n\n\nNet Free Cash Flow\n$44,998,000\n\n\nFree Cash Flow Yield Per Share\n2.28%\n\n\nRevenue Growth Rate\n43.64%\n\n\n(Glossary Of Terms)\n\n\n\n(Source)\nAs a reference, a potential public comparable would be First Advantage(NASDAQ:FA); shown below is a comparison of their primary valuation metrics:\n\n\n\n\nMetric\nFirst Advantage\nSterling Check\nVariance\n\n\nPrice / Sales\n5.76\n3.62\n-37.1%\n\n\nEV / Revenue\n6.53\n4.41\n-32.5%\n\n\nEV / EBITDA\n23.41\n122.06\n421.4%\n\n\nEarnings Per Share\n$0.04\n-$0.08\n-293.0%\n\n\nRevenue Growth Rate\n19.2%\n43.64%\n127.89%\n\n\n(Glossary Of Terms)\n\n\n\n(S-1/AandSeeking Alpha)\nCommentary\nSTER is going public to obtain investment to pay down some of its debt and for its corporate expansion initiatives.\nThe firm’s financials show rebounding topline revenue growth, uneven gross profit growth, a swing to operating profit and net income and growing cash flow from operations in 2021.\nFree cash flow for the twelve months ended June 30, 2021, was an impressive $45 million.\nSelling, G&A expenses as a percentage of total revenue have trended lower as revenue has varied and its Selling, G&A efficiency rate rebounded to 1.3x in the most recent six-month reporting period.\nThe market opportunity for providing background checks and related services is large and expected to grow at a moderate CAGR Of 5.5% in the coming years, although the continued transition to a decentralized workforce may increase demand a bit above this estimate.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 37.3% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe general business cycle - when companies hire fewer workers during down economic periods, demand for the company’s services will decline.\nWhile Sterling is not immune to the ups and downs of the business cycle and potential future pandemic variant effects on economic activity, the firm has rebounded impressively and appears positioned to compete in a growing market.\nAs for valuation, compared to First Advantage, which went public earlier in 2021 and performed since its debut, STER appears reasonably valued on a revenue multiple basis as the firm is growing revenue at a faster rate. STER is nearing EPS breakeven.\nGiven the company’s strong rebound after the 2020 pandemic period and reasonable IPO valuation, the IPO is worth a close look.","news_type":1,"symbols_score_info":{"STER":0.9}},"isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863794991,"gmtCreate":1632434105613,"gmtModify":1676530779590,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"Great..&nbsp;","listText":"Great..&nbsp;","text":"Great..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863794991","repostId":"1150145468","repostType":4,"repost":{"id":"1150145468","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632413106,"share":"https://ttm.financial/m/news/1150145468?lang=en_US&edition=fundamental","pubTime":"2021-09-24 00:05","market":"other","language":"en","title":"Sovos Brands opens for trading at $14.7, up about 22% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1150145468","media":"Tiger Newspress","summary":"(Sept 23) Sovos Brands, Inc. opens for trading at $14.7, up about 22% from IPO price.","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/SOVO\">Sovos Brands, Inc.</a> opens for trading at $14.7, up about 22% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/a4cf35300eb72dc44987635c428fb00b\" tg-width=\"905\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></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>Sovos Brands opens for trading at $14.7, up about 22% from IPO price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSovos Brands opens for trading at $14.7, up about 22% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-24 00:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/SOVO\">Sovos Brands, Inc.</a> opens for trading at $14.7, up about 22% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/a4cf35300eb72dc44987635c428fb00b\" tg-width=\"905\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOVO":"Sovos Brands, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150145468","content_text":"(Sept 23) Sovos Brands, Inc. opens for trading at $14.7, up about 22% from IPO price.","news_type":1,"symbols_score_info":{"SOVO":0.9}},"isVote":1,"tweetType":1,"viewCount":969,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863795171,"gmtCreate":1632434032793,"gmtModify":1676530779568,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTI\">$British American Tobacco PLC(BTI)$</a>???","listText":"<a href=\"https://laohu8.com/S/BTI\">$British American Tobacco PLC(BTI)$</a>???","text":"$British American Tobacco PLC(BTI)$???","images":[{"img":"https://static.tigerbbs.com/58454f49149ca27857c9b2fa9bd175b3","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863795171","isVote":1,"tweetType":1,"viewCount":965,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":863053784,"gmtCreate":1632347791248,"gmtModify":1676530756464,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863053784","repostId":"1144673393","repostType":4,"repost":{"id":"1144673393","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632312079,"share":"https://ttm.financial/m/news/1144673393?lang=en_US&edition=fundamental","pubTime":"2021-09-22 20:01","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1144673393","media":"Tiger Newspress","summary":"House Dems pass bill to avoid shutdown, suspend debt limit.Pfizer provides 500 million more Covid vaccine doses to U.S. for donation. The nation’s largest banks are asking an international body of regulators to give them the space to grow their crypto asset exposures, sparking debate over where guardrails should be placed on the emerging asset class.At 08:03 a.m. ET, Dow e-minis were up 189 points, or 0.56%, S&P 500 e-minis gained 23.5 points, or 0.54%, and Nasdaq 100 e-minis jumped 47.5 points,","content":"<ul>\n <li>Stock futures gain ahead of Fed decision.</li>\n <li>House Dems pass bill to avoid shutdown, suspend debt limit.</li>\n <li>Pfizer provides 500 million more Covid vaccine doses to U.S. for donation.</li>\n <li>Commodities rallied while the dollar was steady.</li>\n</ul>\n<p>(Sept 22)&nbsp;The nation’s largest banks are asking an international body of regulators to give them the space to grow their crypto asset exposures, sparking debate over where guardrails should be placed on the emerging asset class.</p>\n<p>At 08:03 a.m. ET, Dow e-minis were up 189 points, or 0.56%, S&amp;P 500 e-minis gained 23.5 points, or 0.54%, and Nasdaq 100 e-minis jumped 47.5&nbsp;points, or 0.32%.</p>\n<p><img src=\"https://static.tigerbbs.com/78d8e953a71ca0b637329c25532e7182\" tg-width=\"1224\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<ul>\n <li><a href=\"https://laohu8.com/S/FDX\">FedEx</a> shares slid 6.2% premarket.&nbsp;The delivery giant spent an additional $450 million tied to&nbsp;problems attracting workers&nbsp;in its latest quarter, contributing to an 11% drop in profit. RivalUPSwas also down, by 2.5%.</li>\n <li>Shares of&nbsp;<a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a> were looking spiffy with a 13% premarket jump. The online personal shopping and styling service reached $2 billion in annual sales for the first time.</li>\n <li><a href=\"https://laohu8.com/S/GIS\">General Mills</a> shares rose 1.7% after the maker of grocery staples like Cheerios, Häagen-Dazs and Betty Crocker said it expects changes in consumer behavior brought on by the pandemic to result in continued high demand for food at home.</li>\n <li>Crude prices gained more than 1%, and oil producers were riding the coattails.Occidental Petroleumadded 1.9% premarket, Devon Energy gained 1.8% andDiamondback Energyrose 2%.</li>\n <li>Sometimes an earnings beat isn’t enough. Software companyAdobereported higher profit and record revenue in the latest period, but its stock was down 3.7% premarket.</li>\n <li>Marin Software surged over 80% in premarket trading</li>\n <li>Bitcoin was up 2.7%, a move that has often boosted the stock ofCoinbase Global—but premarket the cryptocurrency exchange added a more muted 0.2%. Perhaps investors are still licking their wounds after the companyscrapped its plans for a lending programthat had provoked threats of regulatory action.</li>\n <li>Black&nbsp;Berryand&nbsp;KB Home&nbsp;are among the companies reporting earnings after Wednesday’s close.</li>\n</ul>\n<p><b>In FX, </b>commodity currencies rallied as concerns about China Evergrande Group’s debt troubles eased as China’s central bank boosted liquidity and investors reviewed a statement from the troubled developer about an interest payment. Overnight implied volatility on the pound climbed to the highest since March ahead of Bank of England’s meeting on Thursday. The British pound weakened after Business Secretary Kwasi Kwarteng&nbsp;warnedthat people should prepare for longer-term high energy prices amid a natural-gas shortage that sent power costs soaring. Several U.K. power firms have stopped taking in new clients as small energy suppliers struggle to meet their previous commitments to sell supplies at lower prices.</p>\n<p>Overnight volatility in the euro rises above 10% for the first time since July ahead of the Federal Reserve’s monetary policy decision announcement. The Aussie jumped as much as 0.5% as iron-ore prices rebounded. Spot surged through option-related selling at 0.7240 before topping out near 0.7265 strikes expiring Wednesday, according to Asia- based FX traders.&nbsp; Elsewhere, the yen weakened and commodity-linked currencies such as the Australian dollar pushed higher.</p>\n<p><b>In rates, </b>the dollar weakened against most of its Group-of-10 peers. Treasury futures were under modest pressure in early U.S. trading, leaving yields cheaper by ~1.5bp from belly to long-end of the curve. The 10-year yield was at ~1.336% steepening the 2s10s curve by ~1bp as the front-end was little changed. Improved risk appetite weighed; with stock futures have recovering much of Tuesday’s losses as Evergrande concerns subside. Focal point for Wednesday’s session is FOMC rate decision at 2pm ET.&nbsp;&nbsp; FOMC is expected to suggest it will start scaling back asset purchases later this year, while its quarterly summary of economic projections reveals policy makers’ expectations for the fed funds target in coming years in the dot-plot update; eurodollar positions have emerged recently that anticipate a hawkish shift</p>\n<p>Bitcoin dropped briefly below $40,000 for the first time since August amid rising criticism from regulators, before rallying as the mood in global markets improved.</p>\n<p><b>In commodities,</b> Iron ore halted its collapse and metals steadied. Oil advanced for a second day.&nbsp;Bitcoin&nbsp;slid below $40,000 for the first time since early August before rebounding back above $42,000.</p>\n<p>To the day ahead now, and the main highlight will be the aforementioned Federal Reserve decision and Chair Powell’s subsequent press conference. Otherwise on the data side, we’ll get US existing home sales for August, and the European Commission’s advance consumer confidence reading for the Euro Area in September.</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>Toplines Before US Market Open on Wednesday</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\">\nToplines Before US Market Open on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-22 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock futures gain ahead of Fed decision.</li>\n <li>House Dems pass bill to avoid shutdown, suspend debt limit.</li>\n <li>Pfizer provides 500 million more Covid vaccine doses to U.S. for donation.</li>\n <li>Commodities rallied while the dollar was steady.</li>\n</ul>\n<p>(Sept 22)&nbsp;The nation’s largest banks are asking an international body of regulators to give them the space to grow their crypto asset exposures, sparking debate over where guardrails should be placed on the emerging asset class.</p>\n<p>At 08:03 a.m. ET, Dow e-minis were up 189 points, or 0.56%, S&amp;P 500 e-minis gained 23.5 points, or 0.54%, and Nasdaq 100 e-minis jumped 47.5&nbsp;points, or 0.32%.</p>\n<p><img src=\"https://static.tigerbbs.com/78d8e953a71ca0b637329c25532e7182\" tg-width=\"1224\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves premarket:</b></p>\n<ul>\n <li><a href=\"https://laohu8.com/S/FDX\">FedEx</a> shares slid 6.2% premarket.&nbsp;The delivery giant spent an additional $450 million tied to&nbsp;problems attracting workers&nbsp;in its latest quarter, contributing to an 11% drop in profit. RivalUPSwas also down, by 2.5%.</li>\n <li>Shares of&nbsp;<a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a> were looking spiffy with a 13% premarket jump. The online personal shopping and styling service reached $2 billion in annual sales for the first time.</li>\n <li><a href=\"https://laohu8.com/S/GIS\">General Mills</a> shares rose 1.7% after the maker of grocery staples like Cheerios, Häagen-Dazs and Betty Crocker said it expects changes in consumer behavior brought on by the pandemic to result in continued high demand for food at home.</li>\n <li>Crude prices gained more than 1%, and oil producers were riding the coattails.Occidental Petroleumadded 1.9% premarket, Devon Energy gained 1.8% andDiamondback Energyrose 2%.</li>\n <li>Sometimes an earnings beat isn’t enough. Software companyAdobereported higher profit and record revenue in the latest period, but its stock was down 3.7% premarket.</li>\n <li>Marin Software surged over 80% in premarket trading</li>\n <li>Bitcoin was up 2.7%, a move that has often boosted the stock ofCoinbase Global—but premarket the cryptocurrency exchange added a more muted 0.2%. Perhaps investors are still licking their wounds after the companyscrapped its plans for a lending programthat had provoked threats of regulatory action.</li>\n <li>Black&nbsp;Berryand&nbsp;KB Home&nbsp;are among the companies reporting earnings after Wednesday’s close.</li>\n</ul>\n<p><b>In FX, </b>commodity currencies rallied as concerns about China Evergrande Group’s debt troubles eased as China’s central bank boosted liquidity and investors reviewed a statement from the troubled developer about an interest payment. Overnight implied volatility on the pound climbed to the highest since March ahead of Bank of England’s meeting on Thursday. The British pound weakened after Business Secretary Kwasi Kwarteng&nbsp;warnedthat people should prepare for longer-term high energy prices amid a natural-gas shortage that sent power costs soaring. Several U.K. power firms have stopped taking in new clients as small energy suppliers struggle to meet their previous commitments to sell supplies at lower prices.</p>\n<p>Overnight volatility in the euro rises above 10% for the first time since July ahead of the Federal Reserve’s monetary policy decision announcement. The Aussie jumped as much as 0.5% as iron-ore prices rebounded. Spot surged through option-related selling at 0.7240 before topping out near 0.7265 strikes expiring Wednesday, according to Asia- based FX traders.&nbsp; Elsewhere, the yen weakened and commodity-linked currencies such as the Australian dollar pushed higher.</p>\n<p><b>In rates, </b>the dollar weakened against most of its Group-of-10 peers. Treasury futures were under modest pressure in early U.S. trading, leaving yields cheaper by ~1.5bp from belly to long-end of the curve. The 10-year yield was at ~1.336% steepening the 2s10s curve by ~1bp as the front-end was little changed. Improved risk appetite weighed; with stock futures have recovering much of Tuesday’s losses as Evergrande concerns subside. Focal point for Wednesday’s session is FOMC rate decision at 2pm ET.&nbsp;&nbsp; FOMC is expected to suggest it will start scaling back asset purchases later this year, while its quarterly summary of economic projections reveals policy makers’ expectations for the fed funds target in coming years in the dot-plot update; eurodollar positions have emerged recently that anticipate a hawkish shift</p>\n<p>Bitcoin dropped briefly below $40,000 for the first time since August amid rising criticism from regulators, before rallying as the mood in global markets improved.</p>\n<p><b>In commodities,</b> Iron ore halted its collapse and metals steadied. Oil advanced for a second day.&nbsp;Bitcoin&nbsp;slid below $40,000 for the first time since early August before rebounding back above $42,000.</p>\n<p>To the day ahead now, and the main highlight will be the aforementioned Federal Reserve decision and Chair Powell’s subsequent press conference. Otherwise on the data side, we’ll get US existing home sales for August, and the European Commission’s advance consumer confidence reading for the Euro Area in September.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144673393","content_text":"Stock futures gain ahead of Fed decision.\nHouse Dems pass bill to avoid shutdown, suspend debt limit.\nPfizer provides 500 million more Covid vaccine doses to U.S. for donation.\nCommodities rallied while the dollar was steady.\n\n(Sept 22) The nation’s largest banks are asking an international body of regulators to give them the space to grow their crypto asset exposures, sparking debate over where guardrails should be placed on the emerging asset class.\nAt 08:03 a.m. ET, Dow e-minis were up 189 points, or 0.56%, S&P 500 e-minis gained 23.5 points, or 0.54%, and Nasdaq 100 e-minis jumped 47.5 points, or 0.32%.\n\nStocks making the biggest moves premarket:\n\nFedEx shares slid 6.2% premarket. The delivery giant spent an additional $450 million tied to problems attracting workers in its latest quarter, contributing to an 11% drop in profit. RivalUPSwas also down, by 2.5%.\nShares of Stitch Fix Inc. were looking spiffy with a 13% premarket jump. The online personal shopping and styling service reached $2 billion in annual sales for the first time.\nGeneral Mills shares rose 1.7% after the maker of grocery staples like Cheerios, Häagen-Dazs and Betty Crocker said it expects changes in consumer behavior brought on by the pandemic to result in continued high demand for food at home.\nCrude prices gained more than 1%, and oil producers were riding the coattails.Occidental Petroleumadded 1.9% premarket, Devon Energy gained 1.8% andDiamondback Energyrose 2%.\nSometimes an earnings beat isn’t enough. Software companyAdobereported higher profit and record revenue in the latest period, but its stock was down 3.7% premarket.\nMarin Software surged over 80% in premarket trading\nBitcoin was up 2.7%, a move that has often boosted the stock ofCoinbase Global—but premarket the cryptocurrency exchange added a more muted 0.2%. Perhaps investors are still licking their wounds after the companyscrapped its plans for a lending programthat had provoked threats of regulatory action.\nBlack Berryand KB Home are among the companies reporting earnings after Wednesday’s close.\n\nIn FX, commodity currencies rallied as concerns about China Evergrande Group’s debt troubles eased as China’s central bank boosted liquidity and investors reviewed a statement from the troubled developer about an interest payment. Overnight implied volatility on the pound climbed to the highest since March ahead of Bank of England’s meeting on Thursday. The British pound weakened after Business Secretary Kwasi Kwarteng warnedthat people should prepare for longer-term high energy prices amid a natural-gas shortage that sent power costs soaring. Several U.K. power firms have stopped taking in new clients as small energy suppliers struggle to meet their previous commitments to sell supplies at lower prices.\nOvernight volatility in the euro rises above 10% for the first time since July ahead of the Federal Reserve’s monetary policy decision announcement. The Aussie jumped as much as 0.5% as iron-ore prices rebounded. Spot surged through option-related selling at 0.7240 before topping out near 0.7265 strikes expiring Wednesday, according to Asia- based FX traders.  Elsewhere, the yen weakened and commodity-linked currencies such as the Australian dollar pushed higher.\nIn rates, the dollar weakened against most of its Group-of-10 peers. Treasury futures were under modest pressure in early U.S. trading, leaving yields cheaper by ~1.5bp from belly to long-end of the curve. The 10-year yield was at ~1.336% steepening the 2s10s curve by ~1bp as the front-end was little changed. Improved risk appetite weighed; with stock futures have recovering much of Tuesday’s losses as Evergrande concerns subside. Focal point for Wednesday’s session is FOMC rate decision at 2pm ET.   FOMC is expected to suggest it will start scaling back asset purchases later this year, while its quarterly summary of economic projections reveals policy makers’ expectations for the fed funds target in coming years in the dot-plot update; eurodollar positions have emerged recently that anticipate a hawkish shift\nBitcoin dropped briefly below $40,000 for the first time since August amid rising criticism from regulators, before rallying as the mood in global markets improved.\nIn commodities, Iron ore halted its collapse and metals steadied. Oil advanced for a second day. Bitcoin slid below $40,000 for the first time since early August before rebounding back above $42,000.\nTo the day ahead now, and the main highlight will be the aforementioned Federal Reserve decision and Chair Powell’s subsequent press conference. Otherwise on the data side, we’ll get US existing home sales for August, and the European Commission’s advance consumer confidence reading for the Euro Area in September.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863053624,"gmtCreate":1632347769268,"gmtModify":1676530756456,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863053624","repostId":"1191119345","repostType":4,"repost":{"id":"1191119345","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632317287,"share":"https://ttm.financial/m/news/1191119345?lang=en_US&edition=fundamental","pubTime":"2021-09-22 21:28","market":"us","language":"en","title":"U.S. stock market opens solidly higher Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1191119345","media":"Tiger Newspress","summary":"(Sept 22) U.S. stock market opens solidly higher Wednesday as investors await Fed decision and Everg","content":"<p>(Sept 22)&nbsp;U.S. stock market opens solidly higher Wednesday as investors await Fed decision and Evergrande worries ease.</p>\n<p>Airline shares, Carnival stocks are&nbsp;up in morning trading.<img src=\"https://static.tigerbbs.com/72dc2679e36dee4656279e312189a571\" tg-width=\"276\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n<p>Dynavax&nbsp;surged&nbsp;over&nbsp;15%,&nbsp;as&nbsp;Dynavax partner Clover's COVID-19 vaccine shows 79% efficacy against Delta variant.</p>\n<p><img src=\"https://static.tigerbbs.com/b3072bfc6f3e8c31f419dd0e90990672\" tg-width=\"1189\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p>\n<p>China concepts stocks&nbsp;bounce&nbsp;in morning trading.<img src=\"https://static.tigerbbs.com/4245f5a3d5476db60da0daefd14cf40f\" tg-width=\"276\" tg-height=\"802\" width=\"100%\" height=\"auto\"></p>\n<p>The Fedwill conclude its two-day meetingon Wednesday and release a policy statement with economic and interest rate forecasts at 2 pm E.T. Chairman Jerome Powell will then hold a press conference after.</p>\n<p>The central bank has the difficult task of soothing markets during a tumultuous month, while at the same time preparing investors for the removal of some monetary stimulus. Powell has previously said a tapering of the Fed’s emergency $120 billion in bond buying could begin as soon as this year.</p>\n<p>“A dovish Fed (or even a Fed that meets expectations) could provide more of a relief rally today, but we continue to think the sheer number of unknowns remain a headwind that will keep markets volatile for the next few weeks, until there’s more clarity on the Fed, taxes, government funding and earnings,” Tom Essaye, founder of Sevens Report, said in a note.</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>U.S. stock market opens solidly higher Wednesday</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\">\nU.S. stock market opens solidly higher Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-22 21:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 22)&nbsp;U.S. stock market opens solidly higher Wednesday as investors await Fed decision and Evergrande worries ease.</p>\n<p>Airline shares, Carnival stocks are&nbsp;up in morning trading.<img src=\"https://static.tigerbbs.com/72dc2679e36dee4656279e312189a571\" tg-width=\"276\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n<p>Dynavax&nbsp;surged&nbsp;over&nbsp;15%,&nbsp;as&nbsp;Dynavax partner Clover's COVID-19 vaccine shows 79% efficacy against Delta variant.</p>\n<p><img src=\"https://static.tigerbbs.com/b3072bfc6f3e8c31f419dd0e90990672\" tg-width=\"1189\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p>\n<p>China concepts stocks&nbsp;bounce&nbsp;in morning trading.<img src=\"https://static.tigerbbs.com/4245f5a3d5476db60da0daefd14cf40f\" tg-width=\"276\" tg-height=\"802\" width=\"100%\" height=\"auto\"></p>\n<p>The Fedwill conclude its two-day meetingon Wednesday and release a policy statement with economic and interest rate forecasts at 2 pm E.T. Chairman Jerome Powell will then hold a press conference after.</p>\n<p>The central bank has the difficult task of soothing markets during a tumultuous month, while at the same time preparing investors for the removal of some monetary stimulus. Powell has previously said a tapering of the Fed’s emergency $120 billion in bond buying could begin as soon as this year.</p>\n<p>“A dovish Fed (or even a Fed that meets expectations) could provide more of a relief rally today, but we continue to think the sheer number of unknowns remain a headwind that will keep markets volatile for the next few weeks, until there’s more clarity on the Fed, taxes, government funding and earnings,” Tom Essaye, founder of Sevens Report, said in a note.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191119345","content_text":"(Sept 22) U.S. stock market opens solidly higher Wednesday as investors await Fed decision and Evergrande worries ease.\nAirline shares, Carnival stocks are up in morning trading.\nDynavax surged over 15%, as Dynavax partner Clover's COVID-19 vaccine shows 79% efficacy against Delta variant.\n\nChina concepts stocks bounce in morning trading.\nThe Fedwill conclude its two-day meetingon Wednesday and release a policy statement with economic and interest rate forecasts at 2 pm E.T. Chairman Jerome Powell will then hold a press conference after.\nThe central bank has the difficult task of soothing markets during a tumultuous month, while at the same time preparing investors for the removal of some monetary stimulus. Powell has previously said a tapering of the Fed’s emergency $120 billion in bond buying could begin as soon as this year.\n“A dovish Fed (or even a Fed that meets expectations) could provide more of a relief rally today, but we continue to think the sheer number of unknowns remain a headwind that will keep markets volatile for the next few weeks, until there’s more clarity on the Fed, taxes, government funding and earnings,” Tom Essaye, founder of Sevens Report, said in a note.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863053193,"gmtCreate":1632347749012,"gmtModify":1676530756448,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863053193","repostId":"2169656152","repostType":4,"isVote":1,"tweetType":1,"viewCount":1070,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863053378,"gmtCreate":1632347722394,"gmtModify":1676530756448,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"u sure??","listText":"u sure??","text":"u sure??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863053378","repostId":"2169654193","repostType":4,"repost":{"id":"2169654193","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1632320160,"share":"https://ttm.financial/m/news/2169654193?lang=en_US&edition=fundamental","pubTime":"2021-09-22 22:16","market":"hk","language":"en","title":"The Fed has bet on a future of low inflation. Here's what could go wrong","url":"https://stock-news.laohu8.com/highlight/detail?id=2169654193","media":"Dow Jones","summary":"The Federal Reserve has bet that high U.S. inflation will fade back to pre-pandemic lows in the next","content":"<p>The Federal Reserve has bet that high U.S. inflation will fade back to pre-pandemic lows in the next year or so, but if the wager is wrong it could create more hardship for millions of people and even sap an economic recovery.</p>\n<p>The most immediate threat from high inflation is the erosion in household buying power, economists say. Prices are now rising faster than wages and making it harder for families to meet their needs, especially those on lower incomes.</p>\n<p>If inflation remains stubbornly high, the Fed could also be forced to raise interest rates sooner than it planned and risk upsetting a strong economic recovery.</p>\n<p>In a worst-case scenario, critics contend, consumers and businesses could come to expect steadily rising prices and make it a self-fulfilling prophecy. Such a broad shift in attitude after a few decades of remarkably stable inflation could make it harder for the Fed to manage the economy in the longer run.</p>\n<p>\"Once people start to expect inflation to be higher, they change their behavior in ways that make it harder to get inflation to come back down,\" said Stephen Stanley, chief economist at Amherst Pierpont Securities.</p>\n<p><b>Soaring inflation</b></p>\n<p>The rate of inflation has more than doubled this year to 4.2% and shot up to the highest level in three decades, using the central bank's preferred price barometer. Inflation based on the so-called personal consumption expenditures index had averaged just a little above 1.5% a year in the decade before the pandemic.</p>\n<p>Central bank officials had insisted for months the increase was all temporary. They blamed Covid-related disruptions in global trade and major changes in consumer buying habits for broad shortages of materials that caused prices to spike.</p>\n<p>Th Fed still thinks price pressures will fade, but the central bank now acknowledges inflation could remain above its 2% target for longer than anticipated. Some senior officials are also getting antsy and want to phase out a massive Fed bond-buying program that's being used to prop up the economy.</p>\n<p>The debate took center stage this week at the Fed's latest two-day meeting to decide its next step. For now the central bank appears to be track to announce plans to taper its bond purchases within the next few months.</p>\n<p><b>Pandemic-driven inflation</b></p>\n<p>The Fed is right that the pandemic has played a key role in the surge in inflation this year. Take autos. A global shortage of computers chips has curbed production of new cars and trucks and contributed to buying frenzy for used vehicles.</p>\n<p>The result: Prices of new and used cars have climbed to record highs in 2021 and contributed heavily to the increase in U.S. inflation.</p>\n<p>The problem is, price increases have spread to a broad array of business supplies and filtered through the broader economy. Companies are increasingly trying to recoup these costs by charging customers more for their products and services.</p>\n<p>What's more, shortages and production bottlenecks linked to the pandemic are still acute and are unlikely to relent anytime soon, keeping upward pressure on inflation.</p>\n<p><b>Rising wages</b></p>\n<p>What's also adding to the cost of doing business are higher wages. Average hourly pay has risen at a sharp 4.2% pace over the past year.</p>\n<p>Millions of people left the labor force early in the pandemic and haven't returned, creating the worst labor shortage in arguably decades. Companies have to pay more to retain current employees or to attract new ones, especially at businesses like restaurants where workers are more reluctant to deal face to face with customers like they once did.</p>\n<p>All these factors raise the question of whether inflation will fall as quickly as the Fed has predicted. The Fed itself predicts inflation will drop to 2.1% in 2022 from an estimated 3.4% in 2022.</p>\n<p>Yet the Fed also got inflation quite wrong this year. Just 10 months ago, the central bank prediction inflation would increase a tepid 1.8% in 2021. The Fed has since doubled its forecast.</p>\n<p>Wall Street economists don't think inflation will fall as quickly as the Fed believes. Most predict prices will rise at least 3% in 2022.</p>\n<p>\"That is my worry,\" said chief economist Richard Moody of Regions Financial. \"Inflation will be above the Fed's [2%] target through all of next year.\"</p>\n<p><b>Damage to the economy</b></p>\n<p>A prolonged bout of high inflation could cause consumer spending -- the main driver of the U.S. economy -- to slow. Consumers have already cut back on purchases of new cars and other goods because of record prices. A recent survey found that consumers say it's the worst time to buy a car since the early 1980s.</p>\n<p>What could also pose a risk to the economy is if the Fed moves to squelch inflation by raising interest rates more rapidly than it plans. A series of rapid interest-rate hikes could choke off U.S. economic growth and sent stock markets plummeting.</p>\n<p>\"That could rattle financial markets and the economy,\" said senior economist Sal Guatieri of BMO Capital Markets.</p>\n<p>Yet the likelihood of the Powell Fed acting so aggressively appears dim, other analysts say. The central bank is more focused on ensuring a strong U.S. jobs market and low unemployment and less worried about a sustained period of high inflation.</p>\n<p>Stanley of Amherst Pierpont believes the Fed will raise interest rates slowly even if inflation remains elevated, possibly making it harder for the central bank to put the genie back in the bottle.</p>\n<p>The big risk, he said, is that consumers and businesses lose faith in the Fed's ability to keep inflation low. Such an outcome could make the U.S. economy more unstable and prone to sharper ups and downs.</p>\n<p>Farfetched? For now Wall Street appears to think so.</p>\n<p>The stock market has skyrocketed over the past year and bond yields have remained extremely low, suggesting investors don't believe the Fed will let inflation get out of hand. Chairman Jerome Powell has repeatedly insisted the Fed has the tools and the determination to make sure it doesn't happen.</p>\n<p>\"People have confidence the Fed will do the right thing at the end of the day,\" Stanley said. \"I hope that confidence is well placed.\"</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>The Fed has bet on a future of low inflation. Here's what could go wrong</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\">\nThe Fed has bet on a future of low inflation. Here's what could go wrong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-22 22:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Federal Reserve has bet that high U.S. inflation will fade back to pre-pandemic lows in the next year or so, but if the wager is wrong it could create more hardship for millions of people and even sap an economic recovery.</p>\n<p>The most immediate threat from high inflation is the erosion in household buying power, economists say. Prices are now rising faster than wages and making it harder for families to meet their needs, especially those on lower incomes.</p>\n<p>If inflation remains stubbornly high, the Fed could also be forced to raise interest rates sooner than it planned and risk upsetting a strong economic recovery.</p>\n<p>In a worst-case scenario, critics contend, consumers and businesses could come to expect steadily rising prices and make it a self-fulfilling prophecy. Such a broad shift in attitude after a few decades of remarkably stable inflation could make it harder for the Fed to manage the economy in the longer run.</p>\n<p>\"Once people start to expect inflation to be higher, they change their behavior in ways that make it harder to get inflation to come back down,\" said Stephen Stanley, chief economist at Amherst Pierpont Securities.</p>\n<p><b>Soaring inflation</b></p>\n<p>The rate of inflation has more than doubled this year to 4.2% and shot up to the highest level in three decades, using the central bank's preferred price barometer. Inflation based on the so-called personal consumption expenditures index had averaged just a little above 1.5% a year in the decade before the pandemic.</p>\n<p>Central bank officials had insisted for months the increase was all temporary. They blamed Covid-related disruptions in global trade and major changes in consumer buying habits for broad shortages of materials that caused prices to spike.</p>\n<p>Th Fed still thinks price pressures will fade, but the central bank now acknowledges inflation could remain above its 2% target for longer than anticipated. Some senior officials are also getting antsy and want to phase out a massive Fed bond-buying program that's being used to prop up the economy.</p>\n<p>The debate took center stage this week at the Fed's latest two-day meeting to decide its next step. For now the central bank appears to be track to announce plans to taper its bond purchases within the next few months.</p>\n<p><b>Pandemic-driven inflation</b></p>\n<p>The Fed is right that the pandemic has played a key role in the surge in inflation this year. Take autos. A global shortage of computers chips has curbed production of new cars and trucks and contributed to buying frenzy for used vehicles.</p>\n<p>The result: Prices of new and used cars have climbed to record highs in 2021 and contributed heavily to the increase in U.S. inflation.</p>\n<p>The problem is, price increases have spread to a broad array of business supplies and filtered through the broader economy. Companies are increasingly trying to recoup these costs by charging customers more for their products and services.</p>\n<p>What's more, shortages and production bottlenecks linked to the pandemic are still acute and are unlikely to relent anytime soon, keeping upward pressure on inflation.</p>\n<p><b>Rising wages</b></p>\n<p>What's also adding to the cost of doing business are higher wages. Average hourly pay has risen at a sharp 4.2% pace over the past year.</p>\n<p>Millions of people left the labor force early in the pandemic and haven't returned, creating the worst labor shortage in arguably decades. Companies have to pay more to retain current employees or to attract new ones, especially at businesses like restaurants where workers are more reluctant to deal face to face with customers like they once did.</p>\n<p>All these factors raise the question of whether inflation will fall as quickly as the Fed has predicted. The Fed itself predicts inflation will drop to 2.1% in 2022 from an estimated 3.4% in 2022.</p>\n<p>Yet the Fed also got inflation quite wrong this year. Just 10 months ago, the central bank prediction inflation would increase a tepid 1.8% in 2021. The Fed has since doubled its forecast.</p>\n<p>Wall Street economists don't think inflation will fall as quickly as the Fed believes. Most predict prices will rise at least 3% in 2022.</p>\n<p>\"That is my worry,\" said chief economist Richard Moody of Regions Financial. \"Inflation will be above the Fed's [2%] target through all of next year.\"</p>\n<p><b>Damage to the economy</b></p>\n<p>A prolonged bout of high inflation could cause consumer spending -- the main driver of the U.S. economy -- to slow. Consumers have already cut back on purchases of new cars and other goods because of record prices. A recent survey found that consumers say it's the worst time to buy a car since the early 1980s.</p>\n<p>What could also pose a risk to the economy is if the Fed moves to squelch inflation by raising interest rates more rapidly than it plans. A series of rapid interest-rate hikes could choke off U.S. economic growth and sent stock markets plummeting.</p>\n<p>\"That could rattle financial markets and the economy,\" said senior economist Sal Guatieri of BMO Capital Markets.</p>\n<p>Yet the likelihood of the Powell Fed acting so aggressively appears dim, other analysts say. The central bank is more focused on ensuring a strong U.S. jobs market and low unemployment and less worried about a sustained period of high inflation.</p>\n<p>Stanley of Amherst Pierpont believes the Fed will raise interest rates slowly even if inflation remains elevated, possibly making it harder for the central bank to put the genie back in the bottle.</p>\n<p>The big risk, he said, is that consumers and businesses lose faith in the Fed's ability to keep inflation low. Such an outcome could make the U.S. economy more unstable and prone to sharper ups and downs.</p>\n<p>Farfetched? For now Wall Street appears to think so.</p>\n<p>The stock market has skyrocketed over the past year and bond yields have remained extremely low, suggesting investors don't believe the Fed will let inflation get out of hand. Chairman Jerome Powell has repeatedly insisted the Fed has the tools and the determination to make sure it doesn't happen.</p>\n<p>\"People have confidence the Fed will do the right thing at the end of the day,\" Stanley said. \"I hope that confidence is well placed.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2169654193","content_text":"The Federal Reserve has bet that high U.S. inflation will fade back to pre-pandemic lows in the next year or so, but if the wager is wrong it could create more hardship for millions of people and even sap an economic recovery.\nThe most immediate threat from high inflation is the erosion in household buying power, economists say. Prices are now rising faster than wages and making it harder for families to meet their needs, especially those on lower incomes.\nIf inflation remains stubbornly high, the Fed could also be forced to raise interest rates sooner than it planned and risk upsetting a strong economic recovery.\nIn a worst-case scenario, critics contend, consumers and businesses could come to expect steadily rising prices and make it a self-fulfilling prophecy. Such a broad shift in attitude after a few decades of remarkably stable inflation could make it harder for the Fed to manage the economy in the longer run.\n\"Once people start to expect inflation to be higher, they change their behavior in ways that make it harder to get inflation to come back down,\" said Stephen Stanley, chief economist at Amherst Pierpont Securities.\nSoaring inflation\nThe rate of inflation has more than doubled this year to 4.2% and shot up to the highest level in three decades, using the central bank's preferred price barometer. Inflation based on the so-called personal consumption expenditures index had averaged just a little above 1.5% a year in the decade before the pandemic.\nCentral bank officials had insisted for months the increase was all temporary. They blamed Covid-related disruptions in global trade and major changes in consumer buying habits for broad shortages of materials that caused prices to spike.\nTh Fed still thinks price pressures will fade, but the central bank now acknowledges inflation could remain above its 2% target for longer than anticipated. Some senior officials are also getting antsy and want to phase out a massive Fed bond-buying program that's being used to prop up the economy.\nThe debate took center stage this week at the Fed's latest two-day meeting to decide its next step. For now the central bank appears to be track to announce plans to taper its bond purchases within the next few months.\nPandemic-driven inflation\nThe Fed is right that the pandemic has played a key role in the surge in inflation this year. Take autos. A global shortage of computers chips has curbed production of new cars and trucks and contributed to buying frenzy for used vehicles.\nThe result: Prices of new and used cars have climbed to record highs in 2021 and contributed heavily to the increase in U.S. inflation.\nThe problem is, price increases have spread to a broad array of business supplies and filtered through the broader economy. Companies are increasingly trying to recoup these costs by charging customers more for their products and services.\nWhat's more, shortages and production bottlenecks linked to the pandemic are still acute and are unlikely to relent anytime soon, keeping upward pressure on inflation.\nRising wages\nWhat's also adding to the cost of doing business are higher wages. Average hourly pay has risen at a sharp 4.2% pace over the past year.\nMillions of people left the labor force early in the pandemic and haven't returned, creating the worst labor shortage in arguably decades. Companies have to pay more to retain current employees or to attract new ones, especially at businesses like restaurants where workers are more reluctant to deal face to face with customers like they once did.\nAll these factors raise the question of whether inflation will fall as quickly as the Fed has predicted. The Fed itself predicts inflation will drop to 2.1% in 2022 from an estimated 3.4% in 2022.\nYet the Fed also got inflation quite wrong this year. Just 10 months ago, the central bank prediction inflation would increase a tepid 1.8% in 2021. The Fed has since doubled its forecast.\nWall Street economists don't think inflation will fall as quickly as the Fed believes. Most predict prices will rise at least 3% in 2022.\n\"That is my worry,\" said chief economist Richard Moody of Regions Financial. \"Inflation will be above the Fed's [2%] target through all of next year.\"\nDamage to the economy\nA prolonged bout of high inflation could cause consumer spending -- the main driver of the U.S. economy -- to slow. Consumers have already cut back on purchases of new cars and other goods because of record prices. A recent survey found that consumers say it's the worst time to buy a car since the early 1980s.\nWhat could also pose a risk to the economy is if the Fed moves to squelch inflation by raising interest rates more rapidly than it plans. A series of rapid interest-rate hikes could choke off U.S. economic growth and sent stock markets plummeting.\n\"That could rattle financial markets and the economy,\" said senior economist Sal Guatieri of BMO Capital Markets.\nYet the likelihood of the Powell Fed acting so aggressively appears dim, other analysts say. The central bank is more focused on ensuring a strong U.S. jobs market and low unemployment and less worried about a sustained period of high inflation.\nStanley of Amherst Pierpont believes the Fed will raise interest rates slowly even if inflation remains elevated, possibly making it harder for the central bank to put the genie back in the bottle.\nThe big risk, he said, is that consumers and businesses lose faith in the Fed's ability to keep inflation low. Such an outcome could make the U.S. economy more unstable and prone to sharper ups and downs.\nFarfetched? For now Wall Street appears to think so.\nThe stock market has skyrocketed over the past year and bond yields have remained extremely low, suggesting investors don't believe the Fed will let inflation get out of hand. Chairman Jerome Powell has repeatedly insisted the Fed has the tools and the determination to make sure it doesn't happen.\n\"People have confidence the Fed will do the right thing at the end of the day,\" Stanley said. \"I hope that confidence is well placed.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863053052,"gmtCreate":1632347697376,"gmtModify":1676530756448,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"Great...","listText":"Great...","text":"Great...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/863053052","repostId":"1154932699","repostType":4,"repost":{"id":"1154932699","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632321484,"share":"https://ttm.financial/m/news/1154932699?lang=en_US&edition=fundamental","pubTime":"2021-09-22 22:38","market":"us","language":"en","title":"a.k.a. Brands opens for trading at $9.5, down 13.64% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1154932699","media":"Tiger Newspress","summary":"(Sept 22) a.k.a. Brands Holding Corp. opens for trading at $9.5, down 13.64% from IPO price.\n\nCompan","content":"<p>(Sept 22)&nbsp;<b><a href=\"https://laohu8.com/S/AKA\">a.k.a. Brands Holding Corp.</a> </b>opens for trading at $9.5, down 13.64% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/2655ceafc9d04ddedb23eed6e4de700b\" tg-width=\"968\" tg-height=\"556\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Company &amp; Technology</b></p>\n<p>San Francisco, California-based a.k.a. Brands was founded to develop a portfolio of digitally-focused, DTC consumer apparel and fashion brands with a global reach.</p>\n<p>Management is headed by Chief Executive Officer Jill Ramsey, who has been with the firm since May 2020 and was previously Chief Product and Digital Revenue Officer at Macy's.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Princess Polly</li>\n <li>Culture Kings</li>\n <li>Petal &amp; Pup</li>\n <li>Rebdolls</li>\n</ul>\n<p>Below is the a.k.a. platform as it currently stands:</p>\n<p><img src=\"https://static.tigerbbs.com/f7ce425ad6f03482b7316d1970a64a8e\" tg-width=\"1280\" tg-height=\"1058\" referrerpolicy=\"no-referrer\">a.k.a. Brands has received at least $330 million in equity investment from investors including New Excelerate, Beard Entities and Bryett Enterprises Trust.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The company focuses its marketing efforts on Millennials and Gen Z consumers who 'seek fashion inspiration on social media and primarily shop online and via mobile devices.'</p>\n<p>So, a.k.a. leverages its data to provide relevant social content and make other digital marketing strategy efforts to reach consumers directly online.</p>\n<p>Selling expenses as a percentage of total revenue have risen as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/09de0dff45009ec1618d62f05ee32627\" tg-width=\"614\" tg-height=\"307\" referrerpolicy=\"no-referrer\">The Selling efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling spend, was stable in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/3ce88e3f54fea202f724c03c0a3157be\" tg-width=\"610\" tg-height=\"242\" referrerpolicy=\"no-referrer\">For a.k.a.’s largest property, Princess Polly, user engagement measured by average number of pages per visit on that website has remained relatively flat over the last two years, with a recent slight increase to a current blended average desktop/mobile of 7.28 pages per visit, as the chart shows below:</p>\n<p><img src=\"https://static.tigerbbs.com/8faa1fea511d6ca9aedc0d4323baa69b\" tg-width=\"1010\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source:Similarweb)</p>\n<p>According to a marketresearch reportby BlueCart, the global market for DTC (direct-to-consumer) sales is expected to reach $20 billion globally in 2021.</p>\n<p>This represents a forecast potential increase of 15% over results in 2020.</p>\n<p>The main drivers for this expected growth are an increase in consumer openness to hearing directly from manufacturers via online channels.</p>\n<p>Also, there is a growing desire by businesses to gain an edge through greater data-driven insights stemming from direct relationships with their customers rather than working through 3rd party distributors and retail outlets.</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Ecommerce companies</li>\n <li>In-person stores</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>a.k.a. Brands’ recent financial results can be summarized as follows (includes 55% stake in Culture Kings Group):</p>\n<ul>\n <li>Sharply growing topline revenue</li>\n <li>Growing gross profit</li>\n <li>Increasing gross margin</li>\n <li>Uneven operating profit and margin</li>\n <li>Variable cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/3a4b8f665d53cacb759e02e61c0e0fac\" tg-width=\"610\" tg-height=\"616\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/7f24f3b6311e665efae356978c984a91\" tg-width=\"611\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/eeba7aa58d9c2188ca35f7d3ddbfd57a\" tg-width=\"610\" tg-height=\"620\" referrerpolicy=\"no-referrer\">As of June 30, 2021, a.k.a. Brands had $34.3 million in cash and $277.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $28.7 million.</p>\n<p><b>IPO Details</b></p>\n<p>AKA intends to sell 13.9 million shares of common stock at a proposed midpoint price of $18.00 per share for gross proceeds of approximately $250 million, not including the sale of customary underwriter options.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.3 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 10.72%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows (in conjunction with a planned new senior secured credit facility):</p>\n<p><img src=\"https://static.tigerbbs.com/0b37cb842c1d92125dec5e45108e3378\" tg-width=\"1280\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management believes that any legal claims against it would not be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are BofA Securities, Credit Suisse, Jefferies and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/83589d7d85d1719f3237ee2bc10b5d23\" tg-width=\"612\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>AKA is going public to pay down debt and for its future expansion plans.</p>\n<p>AKS’ financials show sharply growing topline revenue and gross profit, increasing gross margin but uneven operating profit and margin and variable cash flow from operations</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was $28.7 million.</p>\n<p>Selling expenses as a percentage of total revenue have risen as revenue has increased and its Selling efficiency rate was stable at an impressive 2.3x.</p>\n<p>The market opportunity for selling fashionable clothing direct to consumer [DTC] aimed at younger demographics is large and expected to grow substantially in the years ahead.</p>\n<p>Being a mobile-first DTC firm, AKA is well-positioned to adjust to a market that is focused on using online, mobile-phone app purchase modalities.</p>\n<p>BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 11.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is the high rate of change in consumer tastes and preferences, which can make it challenging and costly to react to changes in a compressed time period.</p>\n<p>As for valuation, compared toa basketof publicly held Apparel companies complied by noted valuation expert Dr. Aswath Damodaran which as of January 2021 had an average EV/Sales multiple of 2.03x, AKA is seeking an EV/Revenue multiple of 5.03x.</p>\n<p>AKA is growing topline revenue sharply, in part due to its acquisition activities but its operating margin was 4.6% in the most recent six-month period versus the public basket of an average of 5.93%.</p>\n<p>So AKA is growing quickly through acquisition but has a lower operating margin than its public peers.</p>\n<p>However, I favor DTC companies for things like apparel, as the firm can adjust its offering much faster and more accurately as a result of its direct relationship with customers.</p>\n<p>Also, AKA’s mobile-first approach combined with DTC business model also positions the firm well for its target demographic of younger consumers.</p>\n<p>Although the IPO isn’t cheap, I believe AKA has significant room to grow and continue executing its business model approach, so the IPO is worth consideration.</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>a.k.a. Brands opens for trading at $9.5, down 13.64% from IPO price</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\">\na.k.a. Brands opens for trading at $9.5, down 13.64% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-22 22:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 22)&nbsp;<b><a href=\"https://laohu8.com/S/AKA\">a.k.a. Brands Holding Corp.</a> </b>opens for trading at $9.5, down 13.64% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/2655ceafc9d04ddedb23eed6e4de700b\" tg-width=\"968\" tg-height=\"556\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Company &amp; Technology</b></p>\n<p>San Francisco, California-based a.k.a. Brands was founded to develop a portfolio of digitally-focused, DTC consumer apparel and fashion brands with a global reach.</p>\n<p>Management is headed by Chief Executive Officer Jill Ramsey, who has been with the firm since May 2020 and was previously Chief Product and Digital Revenue Officer at Macy's.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Princess Polly</li>\n <li>Culture Kings</li>\n <li>Petal &amp; Pup</li>\n <li>Rebdolls</li>\n</ul>\n<p>Below is the a.k.a. platform as it currently stands:</p>\n<p><img src=\"https://static.tigerbbs.com/f7ce425ad6f03482b7316d1970a64a8e\" tg-width=\"1280\" tg-height=\"1058\" referrerpolicy=\"no-referrer\">a.k.a. Brands has received at least $330 million in equity investment from investors including New Excelerate, Beard Entities and Bryett Enterprises Trust.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The company focuses its marketing efforts on Millennials and Gen Z consumers who 'seek fashion inspiration on social media and primarily shop online and via mobile devices.'</p>\n<p>So, a.k.a. leverages its data to provide relevant social content and make other digital marketing strategy efforts to reach consumers directly online.</p>\n<p>Selling expenses as a percentage of total revenue have risen as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/09de0dff45009ec1618d62f05ee32627\" tg-width=\"614\" tg-height=\"307\" referrerpolicy=\"no-referrer\">The Selling efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling spend, was stable in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/3ce88e3f54fea202f724c03c0a3157be\" tg-width=\"610\" tg-height=\"242\" referrerpolicy=\"no-referrer\">For a.k.a.’s largest property, Princess Polly, user engagement measured by average number of pages per visit on that website has remained relatively flat over the last two years, with a recent slight increase to a current blended average desktop/mobile of 7.28 pages per visit, as the chart shows below:</p>\n<p><img src=\"https://static.tigerbbs.com/8faa1fea511d6ca9aedc0d4323baa69b\" tg-width=\"1010\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source:Similarweb)</p>\n<p>According to a marketresearch reportby BlueCart, the global market for DTC (direct-to-consumer) sales is expected to reach $20 billion globally in 2021.</p>\n<p>This represents a forecast potential increase of 15% over results in 2020.</p>\n<p>The main drivers for this expected growth are an increase in consumer openness to hearing directly from manufacturers via online channels.</p>\n<p>Also, there is a growing desire by businesses to gain an edge through greater data-driven insights stemming from direct relationships with their customers rather than working through 3rd party distributors and retail outlets.</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Ecommerce companies</li>\n <li>In-person stores</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>a.k.a. Brands’ recent financial results can be summarized as follows (includes 55% stake in Culture Kings Group):</p>\n<ul>\n <li>Sharply growing topline revenue</li>\n <li>Growing gross profit</li>\n <li>Increasing gross margin</li>\n <li>Uneven operating profit and margin</li>\n <li>Variable cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/3a4b8f665d53cacb759e02e61c0e0fac\" tg-width=\"610\" tg-height=\"616\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/7f24f3b6311e665efae356978c984a91\" tg-width=\"611\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/eeba7aa58d9c2188ca35f7d3ddbfd57a\" tg-width=\"610\" tg-height=\"620\" referrerpolicy=\"no-referrer\">As of June 30, 2021, a.k.a. Brands had $34.3 million in cash and $277.8 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was $28.7 million.</p>\n<p><b>IPO Details</b></p>\n<p>AKA intends to sell 13.9 million shares of common stock at a proposed midpoint price of $18.00 per share for gross proceeds of approximately $250 million, not including the sale of customary underwriter options.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.3 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 10.72%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows (in conjunction with a planned new senior secured credit facility):</p>\n<p><img src=\"https://static.tigerbbs.com/0b37cb842c1d92125dec5e45108e3378\" tg-width=\"1280\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management believes that any legal claims against it would not be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are BofA Securities, Credit Suisse, Jefferies and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/83589d7d85d1719f3237ee2bc10b5d23\" tg-width=\"612\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>AKA is going public to pay down debt and for its future expansion plans.</p>\n<p>AKS’ financials show sharply growing topline revenue and gross profit, increasing gross margin but uneven operating profit and margin and variable cash flow from operations</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was $28.7 million.</p>\n<p>Selling expenses as a percentage of total revenue have risen as revenue has increased and its Selling efficiency rate was stable at an impressive 2.3x.</p>\n<p>The market opportunity for selling fashionable clothing direct to consumer [DTC] aimed at younger demographics is large and expected to grow substantially in the years ahead.</p>\n<p>Being a mobile-first DTC firm, AKA is well-positioned to adjust to a market that is focused on using online, mobile-phone app purchase modalities.</p>\n<p>BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 11.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is the high rate of change in consumer tastes and preferences, which can make it challenging and costly to react to changes in a compressed time period.</p>\n<p>As for valuation, compared toa basketof publicly held Apparel companies complied by noted valuation expert Dr. Aswath Damodaran which as of January 2021 had an average EV/Sales multiple of 2.03x, AKA is seeking an EV/Revenue multiple of 5.03x.</p>\n<p>AKA is growing topline revenue sharply, in part due to its acquisition activities but its operating margin was 4.6% in the most recent six-month period versus the public basket of an average of 5.93%.</p>\n<p>So AKA is growing quickly through acquisition but has a lower operating margin than its public peers.</p>\n<p>However, I favor DTC companies for things like apparel, as the firm can adjust its offering much faster and more accurately as a result of its direct relationship with customers.</p>\n<p>Also, AKA’s mobile-first approach combined with DTC business model also positions the firm well for its target demographic of younger consumers.</p>\n<p>Although the IPO isn’t cheap, I believe AKA has significant room to grow and continue executing its business model approach, so the IPO is worth consideration.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AKA":"a.k.a. Brands Holding Corp."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154932699","content_text":"(Sept 22) a.k.a. Brands Holding Corp. opens for trading at $9.5, down 13.64% from IPO price.\n\nCompany & Technology\nSan Francisco, California-based a.k.a. Brands was founded to develop a portfolio of digitally-focused, DTC consumer apparel and fashion brands with a global reach.\nManagement is headed by Chief Executive Officer Jill Ramsey, who has been with the firm since May 2020 and was previously Chief Product and Digital Revenue Officer at Macy's.\nThe company’s primary offerings include:\n\nPrincess Polly\nCulture Kings\nPetal & Pup\nRebdolls\n\nBelow is the a.k.a. platform as it currently stands:\na.k.a. Brands has received at least $330 million in equity investment from investors including New Excelerate, Beard Entities and Bryett Enterprises Trust.\nCustomer Acquisition\nThe company focuses its marketing efforts on Millennials and Gen Z consumers who 'seek fashion inspiration on social media and primarily shop online and via mobile devices.'\nSo, a.k.a. leverages its data to provide relevant social content and make other digital marketing strategy efforts to reach consumers directly online.\nSelling expenses as a percentage of total revenue have risen as revenues have increased, as the figures below indicate:\nThe Selling efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling spend, was stable in the most recent reporting period, as shown in the table below:\nFor a.k.a.’s largest property, Princess Polly, user engagement measured by average number of pages per visit on that website has remained relatively flat over the last two years, with a recent slight increase to a current blended average desktop/mobile of 7.28 pages per visit, as the chart shows below:\n\n(Source:Similarweb)\nAccording to a marketresearch reportby BlueCart, the global market for DTC (direct-to-consumer) sales is expected to reach $20 billion globally in 2021.\nThis represents a forecast potential increase of 15% over results in 2020.\nThe main drivers for this expected growth are an increase in consumer openness to hearing directly from manufacturers via online channels.\nAlso, there is a growing desire by businesses to gain an edge through greater data-driven insights stemming from direct relationships with their customers rather than working through 3rd party distributors and retail outlets.\nMajor competitive or other industry participants by type include:\n\nEcommerce companies\nIn-person stores\n\nFinancial Performance\na.k.a. Brands’ recent financial results can be summarized as follows (includes 55% stake in Culture Kings Group):\n\nSharply growing topline revenue\nGrowing gross profit\nIncreasing gross margin\nUneven operating profit and margin\nVariable cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, a.k.a. Brands had $34.3 million in cash and $277.8 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was $28.7 million.\nIPO Details\nAKA intends to sell 13.9 million shares of common stock at a proposed midpoint price of $18.00 per share for gross proceeds of approximately $250 million, not including the sale of customary underwriter options.\nNo existing shareholders have indicated an interest to purchase shares at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex- underwriter options) would approximate $2.3 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 10.72%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows (in conjunction with a planned new senior secured credit facility):\n\n(Source)\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management believes that any legal claims against it would not be material to its operations or financial condition.\nListed bookrunners of the IPO are BofA Securities, Credit Suisse, Jefferies and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\n\nCommentary\nAKA is going public to pay down debt and for its future expansion plans.\nAKS’ financials show sharply growing topline revenue and gross profit, increasing gross margin but uneven operating profit and margin and variable cash flow from operations\nFree cash flow for the twelve months ended June 30, 2021, was $28.7 million.\nSelling expenses as a percentage of total revenue have risen as revenue has increased and its Selling efficiency rate was stable at an impressive 2.3x.\nThe market opportunity for selling fashionable clothing direct to consumer [DTC] aimed at younger demographics is large and expected to grow substantially in the years ahead.\nBeing a mobile-first DTC firm, AKA is well-positioned to adjust to a market that is focused on using online, mobile-phone app purchase modalities.\nBofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 11.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is the high rate of change in consumer tastes and preferences, which can make it challenging and costly to react to changes in a compressed time period.\nAs for valuation, compared toa basketof publicly held Apparel companies complied by noted valuation expert Dr. Aswath Damodaran which as of January 2021 had an average EV/Sales multiple of 2.03x, AKA is seeking an EV/Revenue multiple of 5.03x.\nAKA is growing topline revenue sharply, in part due to its acquisition activities but its operating margin was 4.6% in the most recent six-month period versus the public basket of an average of 5.93%.\nSo AKA is growing quickly through acquisition but has a lower operating margin than its public peers.\nHowever, I favor DTC companies for things like apparel, as the firm can adjust its offering much faster and more accurately as a result of its direct relationship with customers.\nAlso, AKA’s mobile-first approach combined with DTC business model also positions the firm well for its target demographic of younger consumers.\nAlthough the IPO isn’t cheap, I believe AKA has significant room to grow and continue executing its business model approach, so the IPO is worth consideration.","news_type":1,"symbols_score_info":{"AKA":0.9}},"isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863059751,"gmtCreate":1632347674073,"gmtModify":1676530756441,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"Great..&nbsp;","listText":"Great..&nbsp;","text":"Great..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863059751","repostId":"1185018388","repostType":4,"repost":{"id":"1185018388","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632325664,"share":"https://ttm.financial/m/news/1185018388?lang=en_US&edition=fundamental","pubTime":"2021-09-22 23:47","market":"us","language":"en","title":"Toast opens for trading at $62.6, up about 56% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1185018388","media":"Tiger Newspress","summary":"(Sept 22) Restaurant-focused tech company stands to be valued at $30 billion based on recent trading","content":"<p>(Sept 22)&nbsp;Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.</p>\n<p><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.</p>\n<p><img src=\"https://static.tigerbbs.com/6e815311a95d5f06b4eff3a9471a7087\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.</p>\n<p>Toast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.</p>\n<p>Among the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"</p>\n<p>The company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.</p>\n<p>Asked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.</p>\n<p>One growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.</p>\n<p>Toast's debut comes at a time that the Renaissance IPO exchange-traded fund <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has rallied 6.7% over the past three months, while the S&amp;P 500 index has gained 3.7%.</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>Toast opens for trading at $62.6, up about 56% from IPO price</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\">\nToast opens for trading at $62.6, up about 56% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-22 23:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 22)&nbsp;Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.</p>\n<p><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.</p>\n<p><img src=\"https://static.tigerbbs.com/6e815311a95d5f06b4eff3a9471a7087\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.</p>\n<p>Toast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.</p>\n<p>Among the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"</p>\n<p>The company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.</p>\n<p>Asked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.</p>\n<p>One growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.</p>\n<p>Toast's debut comes at a time that the Renaissance IPO exchange-traded fund <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has rallied 6.7% over the past three months, while the S&amp;P 500 index has gained 3.7%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOST":"Toast, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185018388","content_text":"(Sept 22) Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.\nToast, Inc.shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.\n\nShares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.\nToast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.\nAmong the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"\nThe company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.\nAsked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.\nOne growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.\nToast's debut comes at a time that the Renaissance IPO exchange-traded fund $(IPO.UK)$ has rallied 6.7% over the past three months, while the S&P 500 index has gained 3.7%.","news_type":1,"symbols_score_info":{"TOST":0.9}},"isVote":1,"tweetType":1,"viewCount":1158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863059299,"gmtCreate":1632347650211,"gmtModify":1676530756434,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"good...","listText":"good...","text":"good...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863059299","repostId":"1123367090","repostType":4,"repost":{"id":"1123367090","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632327013,"share":"https://ttm.financial/m/news/1123367090?lang=en_US&edition=fundamental","pubTime":"2021-09-23 00:10","market":"other","language":"en","title":"Freshworks opens for trading at $44, up 22% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1123367090","media":"Tiger Newspress","summary":"(Sept 23) Freshworks opens for trading at $44, up 22% from IPO price.","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/FRSH\">Freshworks</a> opens for trading at $44, up 22% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/242fe570700ee6f01ce4bbdda82a8b67\" tg-width=\"1080\" tg-height=\"1882\" referrerpolicy=\"no-referrer\"></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>Freshworks opens for trading at $44, up 22% from IPO price</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\">\nFreshworks opens for trading at $44, up 22% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 00:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/FRSH\">Freshworks</a> opens for trading at $44, up 22% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/242fe570700ee6f01ce4bbdda82a8b67\" tg-width=\"1080\" tg-height=\"1882\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRSH":"Freshworks"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123367090","content_text":"(Sept 23) Freshworks opens for trading at $44, up 22% from IPO price.","news_type":1,"symbols_score_info":{"FRSH":0.9}},"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":139204917,"gmtCreate":1621633041739,"gmtModify":1704360703510,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"in other words.. time to buy the dip.. all in now or never","listText":"in other words.. time to buy the dip.. all in now or never","text":"in other words.. time to buy the dip.. all in now or never","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/139204917","repostId":"1174075999","repostType":4,"repost":{"id":"1174075999","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621607834,"share":"https://ttm.financial/m/news/1174075999?lang=en_US&edition=fundamental","pubTime":"2021-05-21 22:37","market":"us","language":"en","title":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174075999","media":"Tiger Newspress","summary":"Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social fi","content":"<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></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>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading</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\">\nCrypto stocks tumbled again on China's crackdown on bitcoin mining and trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-21 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTBT":"Bit Digital, Inc.","XNET":"迅雷","COIN":"Coinbase Global, Inc.","MARA":"MARA Holdings","CAN":"嘉楠科技","RIOT":"Riot Platforms","EBON":"亿邦国际","SOS":"SOS Limited","NCTY":"第九城市"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174075999","content_text":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"","news_type":1,"symbols_score_info":{"NCTY":0.9,"BTBT":0.9,"COIN":0.9,"MARA":0.9,"XNET":0.9,"RIOT":0.9,"BTCM":0.9,"SQ":0.9,"EBON":0.9,"CAN":0.9,"SOS":0.9}},"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576629019645766","authorId":"3576629019645766","name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3576629019645766","idStr":"3576629019645766"},"content":"Last round possibly for now?","text":"Last round possibly for now?","html":"Last round possibly for now?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111143141,"gmtCreate":1622670708883,"gmtModify":1704188432564,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WDH\">$Waterdrop Inc.(WDH)$</a>up up up all the way","listText":"<a href=\"https://laohu8.com/S/WDH\">$Waterdrop Inc.(WDH)$</a>up up up all the way","text":"$Waterdrop Inc.(WDH)$up up up all the way","images":[{"img":"https://static.tigerbbs.com/7545b0c5fd0a4ed703f351680985712b","width":"1440","height":"2560"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/111143141","isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576979661596223","authorId":"3576979661596223","name":"日富一日v","avatar":"https://static.tigerbbs.com/1ae07902912154b8f283005e7b9031ea","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3576979661596223","idStr":"3576979661596223"},"content":"It's really irritating","text":"It's really irritating","html":"It's really irritating"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803387367,"gmtCreate":1627421370959,"gmtModify":1703489465458,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"coz big mouth in the house","listText":"coz big mouth in the house","text":"coz big mouth in the house","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803387367","repostId":"1124516451","repostType":4,"repost":{"id":"1124516451","kind":"news","pubTimestamp":1627397263,"share":"https://ttm.financial/m/news/1124516451?lang=en_US&edition=fundamental","pubTime":"2021-07-27 22:47","market":"us","language":"en","title":"Tesla Is a Mature Business. Don’t Look Now.","url":"https://stock-news.laohu8.com/highlight/detail?id=1124516451","media":"Barrons","summary":"The electric-vehicle company Tesla reported its best quarterly results ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a company.Tesla  reported $1.45 in adjusted per-share earnings for the second quarter, far higher than the roughly 95 cents analysts were looking for. Sales from regulatory credits—a source of revenue seen as less sustainable than sales of vehicles—-fell, but operating profits rose to record highs beca","content":"<p>The electric-vehicle company&nbsp;Tesla&nbsp;reported its&nbsp;best quarterly results&nbsp;ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a company.</p>\n<p>Tesla (ticker: TSLA)&nbsp;reported&nbsp;$1.45 in adjusted per-share earnings for the second quarter, far higher than the roughly 95 cents analysts were looking for. Sales from regulatory credits—a source of revenue seen as less sustainable than sales of vehicles—-fell, but operating profits rose to record highs because of strong profitability in the automotive division.</p>\n<p>Tesla generates the credits by making more than its fair share of zero- emission cars and sells them to manufacturers that still rely on internal-combustion engines. Pessimists on the stock believe that source of income will dwindle over time.</p>\n<p>The stock, however, was down 1.5% in early trading Tuesday. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average,for comparison, had fallen 0.6% and 0.4%, respectively.</p>\n<p>It is a muted reaction to a good quarter, typical of the way stocks of mature businesses behave. Tesla stock moved more than 10% in response to three of the four 2019 quarterly reports. But it rose or fell an average of about 2.5% in response to the 2020 earnings reports.</p>\n<p>The typical 2020 move was a fall in the price in response to news of better-than-expected results. The same thing happened after the release of results for the first quarter of 2021.</p>\n<p>That is another sign of maturity. A small drop in response to better-than-expected results is the typical outcome for stocks. Investors always expect companies to exceed analyst projections, and when they get that result, they “sell the news.”</p>\n<p>The reaction among Wall Street analysts to the latest results is yet another sign of maturity. Mizuho analyst&nbsp;Vijay Rakesh&nbsp;raised his target for Tesla’s stock price by $5 to $825 following the news, for a bump of less than 1%.</p>\n<p>Back in January, RBC analyst&nbsp;Joe Spak&nbsp;raised his target price to $700 a share from $339 after changing how he thought about Tesla’s business. That was a huge target-price change from a large broker.</p>\n<p>Smaller changes in price targets can indicate a business is becoming more stable, and that analysts believe they have a grip on what is happening. That reduces the need for them to dramatically overhaul their views in response to events.</p>\n<p>Overall, the average&nbsp;analyst target price&nbsp;is up about $18, or 3%, in reaction to Monday’s results to about $644 a share. Tesla shares are trading about 1% or 2% above the average analyst target price.</p>\n<p>Target prices generally reflect where analysts think a stock should trade to earn a fair return out into the future. The average target price on stocks in the S&amp;P 500 implies a gain of 7%.</p>\n<p>Even the fact that Tesla is trading around its average analyst target price is a sign of maturity. A year ago, the average target price for Tesla stock was about $225, while the price was above $300.</p>\n<p>Shareholders and bulls on the stock might like a bigger response from the stock when earnings come in strong, but the days of 20% moves, up or down, might be gone for Tesla. That is more evidence that Tesla is here to stay as the world’s most valuable car company.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Is a Mature Business. Don’t Look Now.</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\">\nTesla Is a Mature Business. Don’t Look Now.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-mature-business-51627393369?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The electric-vehicle company Tesla reported its best quarterly results ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-mature-business-51627393369?mod=hp_LEADSUPP_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-mature-business-51627393369?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124516451","content_text":"The electric-vehicle company Tesla reported its best quarterly results ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a company.\nTesla (ticker: TSLA) reported $1.45 in adjusted per-share earnings for the second quarter, far higher than the roughly 95 cents analysts were looking for. Sales from regulatory credits—a source of revenue seen as less sustainable than sales of vehicles—-fell, but operating profits rose to record highs because of strong profitability in the automotive division.\nTesla generates the credits by making more than its fair share of zero- emission cars and sells them to manufacturers that still rely on internal-combustion engines. Pessimists on the stock believe that source of income will dwindle over time.\nThe stock, however, was down 1.5% in early trading Tuesday. The S&P 500 and Dow Jones Industrial Average,for comparison, had fallen 0.6% and 0.4%, respectively.\nIt is a muted reaction to a good quarter, typical of the way stocks of mature businesses behave. Tesla stock moved more than 10% in response to three of the four 2019 quarterly reports. But it rose or fell an average of about 2.5% in response to the 2020 earnings reports.\nThe typical 2020 move was a fall in the price in response to news of better-than-expected results. The same thing happened after the release of results for the first quarter of 2021.\nThat is another sign of maturity. A small drop in response to better-than-expected results is the typical outcome for stocks. Investors always expect companies to exceed analyst projections, and when they get that result, they “sell the news.”\nThe reaction among Wall Street analysts to the latest results is yet another sign of maturity. Mizuho analyst Vijay Rakesh raised his target for Tesla’s stock price by $5 to $825 following the news, for a bump of less than 1%.\nBack in January, RBC analyst Joe Spak raised his target price to $700 a share from $339 after changing how he thought about Tesla’s business. That was a huge target-price change from a large broker.\nSmaller changes in price targets can indicate a business is becoming more stable, and that analysts believe they have a grip on what is happening. That reduces the need for them to dramatically overhaul their views in response to events.\nOverall, the average analyst target price is up about $18, or 3%, in reaction to Monday’s results to about $644 a share. Tesla shares are trading about 1% or 2% above the average analyst target price.\nTarget prices generally reflect where analysts think a stock should trade to earn a fair return out into the future. The average target price on stocks in the S&P 500 implies a gain of 7%.\nEven the fact that Tesla is trading around its average analyst target price is a sign of maturity. A year ago, the average target price for Tesla stock was about $225, while the price was above $300.\nShareholders and bulls on the stock might like a bigger response from the stock when earnings come in strong, but the days of 20% moves, up or down, might be gone for Tesla. That is more evidence that Tesla is here to stay as the world’s most valuable car company.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189255211,"gmtCreate":1623279071933,"gmtModify":1704199768408,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"like n coment thz","listText":"like n coment thz","text":"like n coment thz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/189255211","repostId":"1135487602","repostType":4,"repost":{"id":"1135487602","kind":"news","pubTimestamp":1623254102,"share":"https://ttm.financial/m/news/1135487602?lang=en_US&edition=fundamental","pubTime":"2021-06-09 23:55","market":"us","language":"en","title":"With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1135487602","media":"zerohedge","summary":"With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, ","content":"<p>With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...</p>\n<p><img src=\"https://static.tigerbbs.com/9b9d2bb6af82c6f76849da52e9583a94\" tg-width=\"500\" tg-height=\"259\"></p>\n<p>... rates traders are trying to decide if the Fed will tweak the rate on either the IOER (Interest on Excess Reserves) or the Reverse Repo Facility, collectively the Fed's \"administered rates\" in order to ease the liquidity congestion that has parked half a trillion dollars at the Fed where it is sitting inert, doing nothing.</p>\n<p>One strategist who believes there is a \"small chance\" the Fed will adjust its IOER/RRP rate is Deutsche Bank's Steven Zeng, who also cited concern about the quarter-end balance sheet squeeze, which is less than the futures market is currently pricing.</p>\n<p>As a reminder, the Fed’s ongoing $120BN in monthly QE and Treasury’s continued drawdown of its cash balance, create permanent reserves that are sitting on bank balance sheets.</p>\n<p><img src=\"https://static.tigerbbs.com/8e284a2218c963fffabe80f6e92118f5\" tg-width=\"500\" tg-height=\"342\"></p>\n<p>At the same time, demand for deposits adds to the bloat and forces banks to supply these liabilities and hold lower-yielding assets.</p>\n<p><img src=\"https://static.tigerbbs.com/08c9dd332a2a6bf7d3ef51328649fc99\" tg-width=\"500\" tg-height=\"346\"></p>\n<p>This puts downward pressure on banks’ supplementary leverage ratios,<b>so now institutions must either raise capital or reduce loans</b>. In this context, the Fed’s RRP acts as a “release valve” for deposits to leave banks’ balance sheets via inflows into money funds, which are then deposited at the facility.</p>\n<p><img src=\"https://static.tigerbbs.com/141d0979a36d1c83edb097f1181ee6eb\" tg-width=\"500\" tg-height=\"345\"></p>\n<p>According to Zeng, and as we have explained previously, the main merit of raising the RRP rate is to make money funds a “more attractive option to bank deposits,” which can allow institutions to push out more deposits and better manage their balance-sheet size until a “more permanent change to bank capital rules is made.”</p>\n<p><img src=\"https://static.tigerbbs.com/db701c691b65734c79e446994ff9334f\" tg-width=\"500\" tg-height=\"349\"></p>\n<p>Currently, money-market yields are low and their margins are squeezed,<b>so a boost to the RRP rate would make money funds a “more attractive option than bank deposits,” allowing more cash to leave the banking sector.</b>Separately, JPMorgan writes that most money-market funds have not reached their counterparty limits at the Federal Reserve’s overnight reverse repurchase agreement facility so they may not have to adjust their thresholds at the moment.</p>\n<p>Of course, one can't have an increase in one rate without the other, since in the fed funds market, lenders who have access to the RRP will demand higher rates, but borrowers may respond with reduced demand leading to a “more erratic fed funds rate.” This means an increase in the RRP rate<b>“needs to be accompanied by an equal or larger increase to the IOER.”</b></p>\n<p>Zeng conveniently summarizes the costs and benefits of an administered rate tweak in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/f7986a90f98f09803f58aab1f142833b\" tg-width=\"500\" tg-height=\"350\">On the other end of the spectrum are Jefferies economists Thomas Simons and Aneta Markowska who pointed to recent rise in yields at Treasury bill auctions in anticipation of potential Federal Reserve adjustments to its adminstered rates, but according to the duo, \"the rise could compel the central bank to stay put.\" (earlier this week, the Treasury sold 3-month bills at 0.025% and 6-month bills at 0.04%, which were both the highest stopout yields since April 19).</p>\n<p>Simons and Markowska explain the reflexive paradox as follows: \"concerns about an IOER hike are preventing yields from falling any further, despite the huge amount of cash looking for a home in the front-end.\" As a result, \"<b>perversely, this concern may actually prevent an IOER hike, should yields continue to hover at these levels.”</b></p>\n<p>Another paradox: the two conclude that \"it is hard to see the Fed judging that there is ‘undue pressure’ on the front-end even\" even as the Fed reverse repo is expected to rise above $500 billion today.</p>\n<p>So what does the market think? Well, according to Curvature's repo guru Scott Skyrm, as of this moment the market does not appear to be expecting an IOER hike by the Fed next week, meaning that consensus expected Powell &amp; Co. to do nothing to ease the record liquidity parked at the Fed.</p>\n<p>As the Curvature strategist wrote in a Tuesday note, \"the market is pricing two things from the Fed. First, it's pricing the first tightening in 2023 - according to the fed funds futures contracts [graph upper right]. Too far out to even guess the month! Second, the market is pricing the GC/fed funds spread to gradually narrow over the next year. Whereas GC is averaging between 5 and 6 basis points below fed funds now, it's expected to trade flat to fed funds within a year.\"</p>\n<p><img src=\"https://static.tigerbbs.com/42c7e46d0816b34f2291c95dcffee4c9\" tg-width=\"500\" tg-height=\"337\">As Skyrm concludes, \"there are only two possible Fed \"technical adjustments\" that can raise Repo rates: QE tapering and an RRP rate increase.<b>An increase in the IOER would raise both fed funds and Repo GC, so we could say the market is NOT pricing an IOER increase.</b>\"</p>\n<p>One final reason why the Fed is almost guaranteed to do nothing to administered rates and allow the liquidity glut to keep rising is that as the Fed's new whisperer at the WSJ, Michael Darby wrote yesterday \"Fed Is Fine With Reverse Repos Nearing Half a Trillion\" in which he wrote:</p>\n<blockquote>\n Many market participants have looked at the reverse repo activity with some unease. Financial firms have been willing to take the zero percent the Fed offers them through the facility in large part because there are few other short-term investments available, and in some cases, these private market investments actually cost money to invest in. That makes the Fed’s zero percent repo rate attractive on a relative basis.“The system is working exactly as designed,” New York Fed President John Williams said in a video interview on Yahoo Finance last Thursday. The reverse repo facility, he added, is “working really well and the fact that funds are flowing between the banking system and our overnight reverse repos, this is kind of how we would expect that to happen” given the level of money coursing through short-term markets.The growing use of the reverse repo facility follows Lorie Logan, who manages the Fed’s massive $7.9 trillion holdings of cash and securities, having said recently that the central bank would rely on it more and expand the number of firms that could access it. The timing of that shift lined up with the wall of cash that started flowing to the Fed.What is happening at the reverse repo facility doesn’t have much of a broader economic impact. Meanwhile, central bankers have become confident enough in the general health of financial markets to debate pulling back on their $120 billion a month in bond buying stimulus.\n</blockquote>\n<p>But as confident as the NY Fed's career academic head, Williams, is, some<i><b>expert</b></i>market participants are anxious. “That amount of cash flowing into the Fed is not healthy for the repo market,” said the abovementioned Scott Skyrm; He thinks the Fed needs to scale back its bond purchases, which he deemed the “most obvious and most effective way to bring cash back into the market” and out of the Fed’s balance sheet.</p>\n<p>Alas, it now appears that won't happen. And so, with the Fed facility set to keep rising, the question is will we hit $1 trillion in inert liquidity at the Fed before the Fed does agree that someone is wrong, or will an amount of cash greater than the market cap of bitcoin and ethereum remain frozen inside some Fed server...</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...\n\n... rates traders are trying to decide if the Fed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135487602","content_text":"With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...\n\n... rates traders are trying to decide if the Fed will tweak the rate on either the IOER (Interest on Excess Reserves) or the Reverse Repo Facility, collectively the Fed's \"administered rates\" in order to ease the liquidity congestion that has parked half a trillion dollars at the Fed where it is sitting inert, doing nothing.\nOne strategist who believes there is a \"small chance\" the Fed will adjust its IOER/RRP rate is Deutsche Bank's Steven Zeng, who also cited concern about the quarter-end balance sheet squeeze, which is less than the futures market is currently pricing.\nAs a reminder, the Fed’s ongoing $120BN in monthly QE and Treasury’s continued drawdown of its cash balance, create permanent reserves that are sitting on bank balance sheets.\n\nAt the same time, demand for deposits adds to the bloat and forces banks to supply these liabilities and hold lower-yielding assets.\n\nThis puts downward pressure on banks’ supplementary leverage ratios,so now institutions must either raise capital or reduce loans. In this context, the Fed’s RRP acts as a “release valve” for deposits to leave banks’ balance sheets via inflows into money funds, which are then deposited at the facility.\n\nAccording to Zeng, and as we have explained previously, the main merit of raising the RRP rate is to make money funds a “more attractive option to bank deposits,” which can allow institutions to push out more deposits and better manage their balance-sheet size until a “more permanent change to bank capital rules is made.”\n\nCurrently, money-market yields are low and their margins are squeezed,so a boost to the RRP rate would make money funds a “more attractive option than bank deposits,” allowing more cash to leave the banking sector.Separately, JPMorgan writes that most money-market funds have not reached their counterparty limits at the Federal Reserve’s overnight reverse repurchase agreement facility so they may not have to adjust their thresholds at the moment.\nOf course, one can't have an increase in one rate without the other, since in the fed funds market, lenders who have access to the RRP will demand higher rates, but borrowers may respond with reduced demand leading to a “more erratic fed funds rate.” This means an increase in the RRP rate“needs to be accompanied by an equal or larger increase to the IOER.”\nZeng conveniently summarizes the costs and benefits of an administered rate tweak in the table below:\nOn the other end of the spectrum are Jefferies economists Thomas Simons and Aneta Markowska who pointed to recent rise in yields at Treasury bill auctions in anticipation of potential Federal Reserve adjustments to its adminstered rates, but according to the duo, \"the rise could compel the central bank to stay put.\" (earlier this week, the Treasury sold 3-month bills at 0.025% and 6-month bills at 0.04%, which were both the highest stopout yields since April 19).\nSimons and Markowska explain the reflexive paradox as follows: \"concerns about an IOER hike are preventing yields from falling any further, despite the huge amount of cash looking for a home in the front-end.\" As a result, \"perversely, this concern may actually prevent an IOER hike, should yields continue to hover at these levels.”\nAnother paradox: the two conclude that \"it is hard to see the Fed judging that there is ‘undue pressure’ on the front-end even\" even as the Fed reverse repo is expected to rise above $500 billion today.\nSo what does the market think? Well, according to Curvature's repo guru Scott Skyrm, as of this moment the market does not appear to be expecting an IOER hike by the Fed next week, meaning that consensus expected Powell & Co. to do nothing to ease the record liquidity parked at the Fed.\nAs the Curvature strategist wrote in a Tuesday note, \"the market is pricing two things from the Fed. First, it's pricing the first tightening in 2023 - according to the fed funds futures contracts [graph upper right]. Too far out to even guess the month! Second, the market is pricing the GC/fed funds spread to gradually narrow over the next year. Whereas GC is averaging between 5 and 6 basis points below fed funds now, it's expected to trade flat to fed funds within a year.\"\nAs Skyrm concludes, \"there are only two possible Fed \"technical adjustments\" that can raise Repo rates: QE tapering and an RRP rate increase.An increase in the IOER would raise both fed funds and Repo GC, so we could say the market is NOT pricing an IOER increase.\"\nOne final reason why the Fed is almost guaranteed to do nothing to administered rates and allow the liquidity glut to keep rising is that as the Fed's new whisperer at the WSJ, Michael Darby wrote yesterday \"Fed Is Fine With Reverse Repos Nearing Half a Trillion\" in which he wrote:\n\n Many market participants have looked at the reverse repo activity with some unease. Financial firms have been willing to take the zero percent the Fed offers them through the facility in large part because there are few other short-term investments available, and in some cases, these private market investments actually cost money to invest in. That makes the Fed’s zero percent repo rate attractive on a relative basis.“The system is working exactly as designed,” New York Fed President John Williams said in a video interview on Yahoo Finance last Thursday. The reverse repo facility, he added, is “working really well and the fact that funds are flowing between the banking system and our overnight reverse repos, this is kind of how we would expect that to happen” given the level of money coursing through short-term markets.The growing use of the reverse repo facility follows Lorie Logan, who manages the Fed’s massive $7.9 trillion holdings of cash and securities, having said recently that the central bank would rely on it more and expand the number of firms that could access it. The timing of that shift lined up with the wall of cash that started flowing to the Fed.What is happening at the reverse repo facility doesn’t have much of a broader economic impact. Meanwhile, central bankers have become confident enough in the general health of financial markets to debate pulling back on their $120 billion a month in bond buying stimulus.\n\nBut as confident as the NY Fed's career academic head, Williams, is, someexpertmarket participants are anxious. “That amount of cash flowing into the Fed is not healthy for the repo market,” said the abovementioned Scott Skyrm; He thinks the Fed needs to scale back its bond purchases, which he deemed the “most obvious and most effective way to bring cash back into the market” and out of the Fed’s balance sheet.\nAlas, it now appears that won't happen. And so, with the Fed facility set to keep rising, the question is will we hit $1 trillion in inert liquidity at the Fed before the Fed does agree that someone is wrong, or will an amount of cash greater than the market cap of bitcoin and ethereum remain frozen inside some Fed server...","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113083246,"gmtCreate":1622585347885,"gmtModify":1704186626719,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"oh really??","listText":"oh really??","text":"oh really??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/113083246","repostId":"2139589924","repostType":4,"isVote":1,"tweetType":1,"viewCount":1030,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570439473038184","authorId":"3570439473038184","name":"Qarah","avatar":"https://static.tigerbbs.com/48285a44928a897dd5f255c626d5e9e1","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3570439473038184","idStr":"3570439473038184"},"content":"Like and comment pls","text":"Like and comment pls","html":"Like and comment pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137185626,"gmtCreate":1622329810165,"gmtModify":1704182966450,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/137185626","repostId":"2138948877","repostType":4,"repost":{"id":"2138948877","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1622215813,"share":"https://ttm.financial/m/news/2138948877?lang=en_US&edition=fundamental","pubTime":"2021-05-28 23:30","market":"us","language":"en","title":"The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2138948877","media":"Investors","summary":"Vacation trends reveal shifts toward privacy, luxury and family, continuing a transformative period for leisure and travel stocks.","content":"<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</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>The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever</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\">\nThe Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-28 23:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WGO":"温尼巴格实业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138948877","content_text":"Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like Airbnb that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.Leisure, Travel Industry StocksShares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.Airline stocks like American Airlines, United Airlines and Delta Air Lines surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.Cruise stocks like Carnival, Royal Caribbean and Norwegian Cruise Line are showing similar patterns.Meanwhile, shares of boat makers MarineMax and Brunswick as well as RV makers Winnebago and Thor Industries need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.Hotel leader Marriott has been less volatile and is forming a base, though earnings and sales have yet to fully recover.Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from Expedia rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.When Luxury Means More PrivacyLuxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.Private jet leasing company NetJets, which is owned by Berkshire Hathaway, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.Vacation Shift Favors These Travel StocksHotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes & Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.The Homes & Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.Seaworthy Travel Stocks Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick as well as sport boat maker Malibu Boats.\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.Travel Stocks For Being Alone TogetherThe desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.\"The rediscovery of America will continue this summer,\" Weissman said.The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.Work-Life RebalanceAs people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"Future Of Business Travel?That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.Experts say fewer workers may fly for one-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in one house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"","news_type":1,"symbols_score_info":{"WGO":0.9}},"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582015516749888","idStr":"3582015516749888"},"content":"No turning back","text":"No turning back","html":"No turning back"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135171826,"gmtCreate":1622154546765,"gmtModify":1704180318089,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"go go go","listText":"go go go","text":"go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/135171826","repostId":"1145940037","repostType":4,"repost":{"id":"1145940037","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622128786,"share":"https://ttm.financial/m/news/1145940037?lang=en_US&edition=fundamental","pubTime":"2021-05-27 23:19","market":"us","language":"en","title":"AMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1145940037","media":"Tiger Newspress","summary":"Today AMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021.Meme stocks s","content":"<p>Today&nbsp;AMC&nbsp;shares&nbsp;once&nbsp;rose&nbsp;20%，making the growth rate expanded to 1000%&nbsp;so far in 2021.</p><p><img src=\"https://static.tigerbbs.com/3b8e58d91fa49e69cdf6288d5b6c520a\" tg-width=\"813\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Meme&nbsp;stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.</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>AMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021</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{ 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}\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\">\nAMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-27 23:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Today&nbsp;AMC&nbsp;shares&nbsp;once&nbsp;rose&nbsp;20%，making the growth rate expanded to 1000%&nbsp;so far in 2021.</p><p><img src=\"https://static.tigerbbs.com/3b8e58d91fa49e69cdf6288d5b6c520a\" tg-width=\"813\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Meme&nbsp;stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145940037","content_text":"Today AMC shares once rose 20%，making the growth rate expanded to 1000% so far in 2021.Meme stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579882572140125","authorId":"3579882572140125","name":"JoelLee","avatar":"https://static.tigerbbs.com/e1f6c92b13d94cba61906c07dbbb2ab6","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3579882572140125","idStr":"3579882572140125"},"content":"Please reply thanKs!","text":"Please reply thanKs!","html":"Please reply thanKs!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132927023,"gmtCreate":1622068143762,"gmtModify":1704178661468,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"go go go","listText":"go go go","text":"go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/132927023","repostId":"1113786599","repostType":4,"repost":{"id":"1113786599","kind":"news","pubTimestamp":1622041965,"share":"https://ttm.financial/m/news/1113786599?lang=en_US&edition=fundamental","pubTime":"2021-05-26 23:12","market":"us","language":"en","title":"Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands","url":"https://stock-news.laohu8.com/highlight/detail?id=1113786599","media":"Reuters","summary":" -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.The deal is designed to help Amazon  supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.\"The real financial value be","content":"<p>(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.</p><p>Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924, owns the Epix cable channel and makes popular TV shows including \"Fargo\", \"Vikings\" and \"Shark Tank.\"</p><p>The deal is designed to help Amazon (NASDAQ:AMZN) supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.</p><p>\"The real financial value behind this deal is the treasure trove of (intellectual property) in the deep catalog that we plan to reimagine and develop together with MGM's talented team. It's very exciting and provides so many opportunities for high-quality storytelling,\" said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.</p><p>Amazon's Prime Video faces a long list of competitors including Netflix Inc (NASDAQ:NFLX), WaltDisney(NYSE:DIS) Co's Disney+, HBO Max and Apple Inc (NASDAQ:AAPL)'s Apple TV+. The companies are increasing spending and expanding in international markets, aiming to capture the pandemic-led shift to binge-watching shows online.</p><p>Amazon has also made big bets courting fans of live sports and has picked up lucrative licenses to stream games, including a long-term deal with the National Football League that was estimated to cost about $1 billion per year.</p><p>The proliferating streaming services are also scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.</p><p>Underscoring the trend, AT&amp;T Inc (NYSE:T) announced a $43-billion deal last week to spin out its WarnerMedia business and combine it with Discovery (NASDAQ:DISCA) Inc, one of the most ambitious yet in the streaming era.</p><p>\"Amazon is seeking to become a more prominent player in the entertainment world, and there's no better way to do that than by buying one of the most iconic movie studios in Hollywood,\" said Jesse Cohen, senior analyst at Investing.com. \"It's all about content as the streaming war heats up.\"</p><p>The acquisition is Amazon’s second-biggest after Whole Foods Market, which it bought for $13.7 billion in 2017.</p><p>The price represents a lofty premium relative to other deals. The price is about 37 times MGM’s 2021 estimated EBITDA - or almost triple the enterprise value-to-EBITDA multiple that Discovery’s deal implied for AT&amp;T’s content assets - according to Reuters Breakingviews.</p><p>MGM started a formal sale process in December, when it was estimated to be worth about $5.5 billion.</p><p>The deal can be viewed as a doubling down on business strategy that Jeff Bezos, Amazon’s CEO, articulated at a conference in 2016: “When we win a Golden Globe, it helps us sell more shoes,” he had said, referring to Amazon's diverse business divisions.</p><p>In April, Amazon posted its fourth consecutive record quarterly profit and boasted more than 200 million Prime loyalty subscribers.</p><p>Amazon shares rose 0.3% in early trading.</p><p>LUCRATIVE FRANCHISE RIGHTS</p><p>Amazon has picked up Academy Awards over the years and slowly moved from art-house fare toward content with wider appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, one of the most lucrative franchises in film history that’s earned nearly $7 billion at the box office globally, according to MGM.</p><p>MGM also has a massive library of classic films including \"Rocky,\" \"Moonstruck,\" and \"The Silence of the Lambs.\"</p><p>The potential to mine this intellectual property, by making new shows and films based on popular characters, will help Amazon draw viewers to Prime, two former Amazon executives told Reuters.</p><p>Still, efforts by Amazon to profit off MGM's library won’t be easy, or cheap.</p><p>In many cases, MGM’s content is tied up in multi-year deals with television networks, the former Amazon executives said. Amazon cannot air MGM’s reality show “The Voice,” for instance, which contractually is in the hands of NBC.</p><p>Bringing a new installment of the James Bond saga to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM acquired the franchise leave control in the hands of the Broccoli family, the Bond films’ producers.</p><p>News of the acquisition followed quickly on the return of Jeff Blackburn, Amazon’s former senior vice president overseeing content and M&amp;A, who had left early this year.</p><p>Incoming Amazon CEO Andy Jassy had particular trust in Blackburn after decades at Amazon together, hoping he'd shepherd a complicated merger, the sources said.</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>Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands</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; 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}\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\">\nAmazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113786599","content_text":"(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924, owns the Epix cable channel and makes popular TV shows including \"Fargo\", \"Vikings\" and \"Shark Tank.\"The deal is designed to help Amazon (NASDAQ:AMZN) supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.\"The real financial value behind this deal is the treasure trove of (intellectual property) in the deep catalog that we plan to reimagine and develop together with MGM's talented team. It's very exciting and provides so many opportunities for high-quality storytelling,\" said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.Amazon's Prime Video faces a long list of competitors including Netflix Inc (NASDAQ:NFLX), WaltDisney(NYSE:DIS) Co's Disney+, HBO Max and Apple Inc (NASDAQ:AAPL)'s Apple TV+. The companies are increasing spending and expanding in international markets, aiming to capture the pandemic-led shift to binge-watching shows online.Amazon has also made big bets courting fans of live sports and has picked up lucrative licenses to stream games, including a long-term deal with the National Football League that was estimated to cost about $1 billion per year.The proliferating streaming services are also scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.Underscoring the trend, AT&T Inc (NYSE:T) announced a $43-billion deal last week to spin out its WarnerMedia business and combine it with Discovery (NASDAQ:DISCA) Inc, one of the most ambitious yet in the streaming era.\"Amazon is seeking to become a more prominent player in the entertainment world, and there's no better way to do that than by buying one of the most iconic movie studios in Hollywood,\" said Jesse Cohen, senior analyst at Investing.com. \"It's all about content as the streaming war heats up.\"The acquisition is Amazon’s second-biggest after Whole Foods Market, which it bought for $13.7 billion in 2017.The price represents a lofty premium relative to other deals. The price is about 37 times MGM’s 2021 estimated EBITDA - or almost triple the enterprise value-to-EBITDA multiple that Discovery’s deal implied for AT&T’s content assets - according to Reuters Breakingviews.MGM started a formal sale process in December, when it was estimated to be worth about $5.5 billion.The deal can be viewed as a doubling down on business strategy that Jeff Bezos, Amazon’s CEO, articulated at a conference in 2016: “When we win a Golden Globe, it helps us sell more shoes,” he had said, referring to Amazon's diverse business divisions.In April, Amazon posted its fourth consecutive record quarterly profit and boasted more than 200 million Prime loyalty subscribers.Amazon shares rose 0.3% in early trading.LUCRATIVE FRANCHISE RIGHTSAmazon has picked up Academy Awards over the years and slowly moved from art-house fare toward content with wider appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, one of the most lucrative franchises in film history that’s earned nearly $7 billion at the box office globally, according to MGM.MGM also has a massive library of classic films including \"Rocky,\" \"Moonstruck,\" and \"The Silence of the Lambs.\"The potential to mine this intellectual property, by making new shows and films based on popular characters, will help Amazon draw viewers to Prime, two former Amazon executives told Reuters.Still, efforts by Amazon to profit off MGM's library won’t be easy, or cheap.In many cases, MGM’s content is tied up in multi-year deals with television networks, the former Amazon executives said. Amazon cannot air MGM’s reality show “The Voice,” for instance, which contractually is in the hands of NBC.Bringing a new installment of the James Bond saga to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM acquired the franchise leave control in the hands of the Broccoli family, the Bond films’ producers.News of the acquisition followed quickly on the return of Jeff Blackburn, Amazon’s former senior vice president overseeing content and M&A, who had left early this year.Incoming Amazon CEO Andy Jassy had particular trust in Blackburn after decades at Amazon together, hoping he'd shepherd a complicated merger, the sources said.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127947821,"gmtCreate":1624831814863,"gmtModify":1703845551757,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WDH\">$Waterdrop Inc.(WDH)$</a>hopeless","listText":"<a href=\"https://laohu8.com/S/WDH\">$Waterdrop Inc.(WDH)$</a>hopeless","text":"$Waterdrop Inc.(WDH)$hopeless","images":[{"img":"https://static.tigerbbs.com/7bf7a1388e5a26b00073d92c7eaefa19","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127947821","isVote":1,"tweetType":1,"viewCount":857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110426154,"gmtCreate":1622498746978,"gmtModify":1704185016624,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/110426154","repostId":"1143634909","repostType":4,"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3578969648963961","idStr":"3578969648963961"},"content":"Do you have any of the stocks?","text":"Do you have any of the stocks?","html":"Do you have any of the stocks?"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}