To The Moon
Home
News
TigerAI
Log In
Sign Up
LeeKim
+Follow
Posts · 124
Posts · 124
Following · 0
Following · 0
Followers · 0
Followers · 0
LeeKim
LeeKim
·
2022-08-29
[Smile]
Why Commodity Prices May Have Peaked
SummaryAmong the most salient of economic developments in the last two years have been big movements
Why Commodity Prices May Have Peaked
看
1.83K
回复
Comment
点赞
3
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2022-05-25
😀
Sorry, this post has been deleted
看
1.92K
回复
Comment
点赞
2
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-09-01
$Apple(AAPL)$
Happy
看
2.59K
回复
Comment
点赞
1
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-07-02
Please comment and like??
Sorry, this post has been deleted
看
2.10K
回复
Comment
点赞
3
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-07-02
Please comment and like??
3 Expensive Tech Stocks to Buy in the Next Market Crash
Get ready to buy Snowflake and two other hot tech stocks if this frothy market collapses.
3 Expensive Tech Stocks to Buy in the Next Market Crash
看
2.82K
回复
2
点赞
3
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-06-30
$Tiger Brokers(TIGR)$
Happy??
看
2.17K
回复
Comment
点赞
4
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-06-30
Please like and comment??
Sorry, this post has been deleted
看
2.20K
回复
Comment
点赞
5
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-06-29
Please comment and like ??
Sorry, this post has been deleted
看
2.85K
回复
1
点赞
2
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-06-29
Please comment and like ??
Sorry, this post has been deleted
看
3.14K
回复
2
点赞
7
编组 21备份 2
Share
Report
LeeKim
LeeKim
·
2021-06-29
Please comment and like ??
Sorry, this post has been deleted
看
3.07K
回复
2
点赞
5
编组 21备份 2
Share
Report
Load more
Most Discussed
{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3577157753646357","uuid":"3577157753646357","gmtCreate":1614514531076,"gmtModify":1616639509369,"name":"LeeKim","pinyin":"leekim","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":24,"headSize":172,"tweetSize":124,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.09","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":9997845444,"gmtCreate":1661785258891,"gmtModify":1676536578366,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997845444","repostId":"1167448448","repostType":4,"repost":{"id":"1167448448","kind":"news","pubTimestamp":1661786204,"share":"https://ttm.financial/m/news/1167448448?lang=&edition=fundamental","pubTime":"2022-08-29 23:16","market":"us","language":"en","title":"Why Commodity Prices May Have Peaked","url":"https://stock-news.laohu8.com/highlight/detail?id=1167448448","media":"Seeking Alpha","summary":"SummaryAmong the most salient of economic developments in the last two years have been big movements","content":"<html><head></head><body><p>Summary</p><ul><li>Among the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities.</li><li>The price of oil decreased by about 30 percent between early June and mid-August. The politically sensitive American price of gasoline also has fallen 20 percent since June, from $5/gallon to $4 in mid-August.</li><li>Real interest rates currently appear to be on a firm upward trend, both because nominal interest rates will rise and because inflation will fall.</li></ul><p>Among the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities. It was hard to miss the big rise in commodity prices. The Brent oil price increased from a low $20 a barrel in April 2020, during the first Covid-19 wave, to a peak of $122, in March 2022, after Russia invaded Ukraine. But it was not just oil. The price of copper doubled over this period. Wheat more than doubled. And so on. Global indices of commodity prices almost tripled from April 2020 to March 2022.</p><p>These figures are in dollars. Prices rose even more when viewed in terms of euros, yen, won, or other currencies.</p><p>Not quite as widely observed is that prices of many commodities fell somewhat over the summer. The price of oil decreased by about 30 percent between early June and mid-August. The politically sensitive American price of gasoline also has fallen 20 percent since June, from $5/gallon to $4 in mid-August. The overall CRB index has fallen 12 percent as of August 17.</p><p>Is this dip in commodity prices just temporary? Or is it a sign that they have peaked and can be expected to fall further in the future?</p><h3>1. Why are prices of different commodities so correlated?</h3><p>Mostly, the prices of different commodities are highly correlated. In many cases, this is due to direct microeconomic linkages. When the price of oil rises, the costs to wheat producers rise, because harvesting equipment runs on diesel while fertilizer is made from natural gas, which puts upward pressure on grain prices. But the correlation across widely disparate energy, mineral and agricultural commodities begs for a macroeconomic explanation.</p><p>There are two macroeconomic reasons to think that commodity prices in general will fall further. One of them is self-evident, the other less so.</p><p>Different stories apply to different commodities, of course, due to microeconomic particulars. The price of natural gas in Europe is bound to rise, as the continent learns to manage winter without Russian gas. But the story is likely to be different elsewhere.</p><h3>2. Global growth</h3><p>The most obvious macroeconomic factor is the overall level of economic activity. GDP is an important determinant of the demand for commodities and therefore their real price. Less obviously, the real interest rate is another determinant. As of now, the outlook for world growth (slowing) and the outlook for interest rates (upward) both suggest a downward path for commodity prices.</p><p>Strong global growth, especially in China, can explain the major upswings of commodity prices in 2004-07, 2010-11, and 2021. Conversely, abrupt recessions can explain the plunge in commodity prices from June 2008 to February 2009 (during the Great Recession), and again from January to April 2020 (in the pandemic recession). This leaves unexplained, for the moment, the spike in commodity prices in the first half of 2008 and the decline in 2014-15.</p><p>Global growth is currently slowing, for well-known reasons. China's growth rate has faltered dramatically (particularly in the commodity-intensive manufacturing sector). It actually turned negative in the second quarter, as Shanghai and some other cities endured shutdowns in support of a futile zero-Covid policy. Europe is hard-hit by the side effects of the Russian invasion of Ukraine. Even US growth is slower in 2022 than it was last year, with many proclaiming that a recession has begun. (Personally, however, I am still willing to bet that no US recession started in the first part of the year and that either first quarter or second quarter GDP will be revised upward by end-September.)</p><p>Overall, according to the IMF's most recent World Economic Outlook update, global growth is projected to slow substantially, from 6.1 % in 2021, to 3.2 % in 2022 and 2.9 % in 2023. Slowing growth means lower demand for commodities, and hence lower prices.</p><h3>3. Real interest rates</h3><p>In addition, as the Fed and other central banks tighten monetary policy, real interest rates are expected to rise. This is likely to lower commodity prices, and not just because high real interest rates make a recession more likely. Interest rates have an effect independently of GDP, both in theory and statistically.</p><p>The theory of the relationship between interest rates and commodity prices is long-established. I like the "overshooting" formulation of the theory. The simplest intuition behind the relationship is that the interest rate is a "cost of carrying" inventories. A rise in the interest rate reduces firms' demand for holding inventories and therefore reduces the commodity price.</p><p>Three other mechanisms operate, in addition to inventories. First, for an exhaustible resource, an increase in the interest rate increases the incentive to extract today, rather than leaving deposits in the ground for tomorrow. Second, for commodities that have been "financialized," an increase in the interest rate encourages institutional investors to shift out of the commodities asset class and into treasury bills. Third, for a commodity that is internationally traded, an increase in the domestic real interest rate may cause a real appreciation of the domestic currency, which works to lower the domestic-currency price of the commodity.</p><p>The relationship between real interest rates and commodity prices is also established statistically, by econometric analyses that range from:</p><p>i) simple correlations; to</p><p>ii) regressions that control for other important determinants, such as GDP and inventories in a "carry trade" model; to</p><p>iii) high-frequency event studies, which are much less sensitive to the econometric problems of the regressions, namely issues of causality and time series properties.</p><p>Two episodes illustrate the claim that the effect of monetary policy operates independently of the effect of GDP. Neither the spike in dollar commodity prices in the first half of 2008 nor the decline in 2014-15 can be explained by fluctuations in economic activity; but they can be interpreted as the result of easy US monetary policy (QE) and tightening US monetary policy (the end of QE), respectively.</p><p>Real interest rates currently appear to be on a firm upward trend, both because nominal interest rates will rise and because inflation will fall. That could mean that real prices of oil, minerals, and agricultural products are on their way down.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Commodity Prices May Have Peaked</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Commodity Prices May Have Peaked\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 23:16 GMT+8 <a href=https://seekingalpha.com/article/4537465-why-commodity-prices-may-peaked><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmong the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities.The price of oil decreased by about 30...</p>\n\n<a href=\"https://seekingalpha.com/article/4537465-why-commodity-prices-may-peaked\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4537465-why-commodity-prices-may-peaked","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167448448","content_text":"SummaryAmong the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities.The price of oil decreased by about 30 percent between early June and mid-August. The politically sensitive American price of gasoline also has fallen 20 percent since June, from $5/gallon to $4 in mid-August.Real interest rates currently appear to be on a firm upward trend, both because nominal interest rates will rise and because inflation will fall.Among the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities. It was hard to miss the big rise in commodity prices. The Brent oil price increased from a low $20 a barrel in April 2020, during the first Covid-19 wave, to a peak of $122, in March 2022, after Russia invaded Ukraine. But it was not just oil. The price of copper doubled over this period. Wheat more than doubled. And so on. Global indices of commodity prices almost tripled from April 2020 to March 2022.These figures are in dollars. Prices rose even more when viewed in terms of euros, yen, won, or other currencies.Not quite as widely observed is that prices of many commodities fell somewhat over the summer. The price of oil decreased by about 30 percent between early June and mid-August. The politically sensitive American price of gasoline also has fallen 20 percent since June, from $5/gallon to $4 in mid-August. The overall CRB index has fallen 12 percent as of August 17.Is this dip in commodity prices just temporary? Or is it a sign that they have peaked and can be expected to fall further in the future?1. Why are prices of different commodities so correlated?Mostly, the prices of different commodities are highly correlated. In many cases, this is due to direct microeconomic linkages. When the price of oil rises, the costs to wheat producers rise, because harvesting equipment runs on diesel while fertilizer is made from natural gas, which puts upward pressure on grain prices. But the correlation across widely disparate energy, mineral and agricultural commodities begs for a macroeconomic explanation.There are two macroeconomic reasons to think that commodity prices in general will fall further. One of them is self-evident, the other less so.Different stories apply to different commodities, of course, due to microeconomic particulars. The price of natural gas in Europe is bound to rise, as the continent learns to manage winter without Russian gas. But the story is likely to be different elsewhere.2. Global growthThe most obvious macroeconomic factor is the overall level of economic activity. GDP is an important determinant of the demand for commodities and therefore their real price. Less obviously, the real interest rate is another determinant. As of now, the outlook for world growth (slowing) and the outlook for interest rates (upward) both suggest a downward path for commodity prices.Strong global growth, especially in China, can explain the major upswings of commodity prices in 2004-07, 2010-11, and 2021. Conversely, abrupt recessions can explain the plunge in commodity prices from June 2008 to February 2009 (during the Great Recession), and again from January to April 2020 (in the pandemic recession). This leaves unexplained, for the moment, the spike in commodity prices in the first half of 2008 and the decline in 2014-15.Global growth is currently slowing, for well-known reasons. China's growth rate has faltered dramatically (particularly in the commodity-intensive manufacturing sector). It actually turned negative in the second quarter, as Shanghai and some other cities endured shutdowns in support of a futile zero-Covid policy. Europe is hard-hit by the side effects of the Russian invasion of Ukraine. Even US growth is slower in 2022 than it was last year, with many proclaiming that a recession has begun. (Personally, however, I am still willing to bet that no US recession started in the first part of the year and that either first quarter or second quarter GDP will be revised upward by end-September.)Overall, according to the IMF's most recent World Economic Outlook update, global growth is projected to slow substantially, from 6.1 % in 2021, to 3.2 % in 2022 and 2.9 % in 2023. Slowing growth means lower demand for commodities, and hence lower prices.3. Real interest ratesIn addition, as the Fed and other central banks tighten monetary policy, real interest rates are expected to rise. This is likely to lower commodity prices, and not just because high real interest rates make a recession more likely. Interest rates have an effect independently of GDP, both in theory and statistically.The theory of the relationship between interest rates and commodity prices is long-established. I like the \"overshooting\" formulation of the theory. The simplest intuition behind the relationship is that the interest rate is a \"cost of carrying\" inventories. A rise in the interest rate reduces firms' demand for holding inventories and therefore reduces the commodity price.Three other mechanisms operate, in addition to inventories. First, for an exhaustible resource, an increase in the interest rate increases the incentive to extract today, rather than leaving deposits in the ground for tomorrow. Second, for commodities that have been \"financialized,\" an increase in the interest rate encourages institutional investors to shift out of the commodities asset class and into treasury bills. Third, for a commodity that is internationally traded, an increase in the domestic real interest rate may cause a real appreciation of the domestic currency, which works to lower the domestic-currency price of the commodity.The relationship between real interest rates and commodity prices is also established statistically, by econometric analyses that range from:i) simple correlations; toii) regressions that control for other important determinants, such as GDP and inventories in a \"carry trade\" model; toiii) high-frequency event studies, which are much less sensitive to the econometric problems of the regressions, namely issues of causality and time series properties.Two episodes illustrate the claim that the effect of monetary policy operates independently of the effect of GDP. Neither the spike in dollar commodity prices in the first half of 2008 nor the decline in 2014-15 can be explained by fluctuations in economic activity; but they can be interpreted as the result of easy US monetary policy (QE) and tightening US monetary policy (the end of QE), respectively.Real interest rates currently appear to be on a firm upward trend, both because nominal interest rates will rise and because inflation will fall. That could mean that real prices of oil, minerals, and agricultural products are on their way down.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026495327,"gmtCreate":1653411093369,"gmtModify":1676535276940,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026495327","repostId":"2237378569","repostType":4,"isVote":1,"tweetType":1,"viewCount":1915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816004290,"gmtCreate":1630453752210,"gmtModify":1676530305615,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Happy ","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Happy ","text":"$Apple(AAPL)$Happy","images":[{"img":"https://static.tigerbbs.com/bf882d633a54bb583713dc0d1e44ade3","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816004290","isVote":1,"tweetType":1,"viewCount":2592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":158449214,"gmtCreate":1625178989938,"gmtModify":1703737619304,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please comment and like??","listText":"Please comment and like??","text":"Please comment and like??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158449214","repostId":"2148840288","repostType":4,"isVote":1,"tweetType":1,"viewCount":2101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158449992,"gmtCreate":1625178974616,"gmtModify":1703737618331,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please comment and like??","listText":"Please comment and like??","text":"Please comment and like??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/158449992","repostId":"1199212665","repostType":4,"repost":{"id":"1199212665","kind":"news","pubTimestamp":1625146084,"share":"https://ttm.financial/m/news/1199212665?lang=&edition=fundamental","pubTime":"2021-07-01 21:28","market":"us","language":"en","title":"3 Expensive Tech Stocks to Buy in the Next Market Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1199212665","media":"Motley Fool","summary":"Get ready to buy Snowflake and two other hot tech stocks if this frothy market collapses.","content":"<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.</p>\n<p>That sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.</p>\n<p>That's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:<b>Snowflake</b>(NYSE:SNOW),<b>Twilio</b>(NYSE:TWLO), and <b>CrowdStrike</b>(NASDAQ:CRWD).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fde232ce39d9cd52a01fd6ec018cae53\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>1. Snowflake</b></p>\n<p>Snowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from <b>Berkshire Hathaway</b> and <b>salesforce.com</b>.</p>\n<p>Snowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.</p>\n<p>Snowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.</p>\n<p>That growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.</p>\n<p>But Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, and<i>more than doubled</i>from $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.</p>\n<p>Analysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.</p>\n<p><b>2. Twilio</b></p>\n<p>Twilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps <b>Lyft</b>'s passengers contact their drivers, and <b>Airbnb</b>'s guests reach their hosts.</p>\n<p>In the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.</p>\n<p>Twilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.</p>\n<p>Twilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.</p>\n<p>Analysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.</p>\n<p>That near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.</p>\n<p><b>3. CrowdStrike</b></p>\n<p>CrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.</p>\n<p>CrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.</p>\n<p>In the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.</p>\n<p>CrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.</p>\n<p>Those numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.</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>3 Expensive Tech Stocks to Buy in the Next Market Crash</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\">\n3 Expensive Tech Stocks to Buy in the Next Market Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 21:28 GMT+8 <a href=https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","TWLO":"Twilio Inc","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199212665","content_text":"Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.\nThat sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.\nThat's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:Snowflake(NYSE:SNOW),Twilio(NYSE:TWLO), and CrowdStrike(NASDAQ:CRWD).\nIMAGE SOURCE: GETTY IMAGES.\n1. Snowflake\nSnowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from Berkshire Hathaway and salesforce.com.\nSnowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.\nSnowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.\nThat growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.\nBut Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, andmore than doubledfrom $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.\nAnalysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.\n2. Twilio\nTwilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps Lyft's passengers contact their drivers, and Airbnb's guests reach their hosts.\nIn the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.\nTwilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.\nTwilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.\nAnalysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.\nThat near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.\n3. CrowdStrike\nCrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.\nCrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.\nIn the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.\nCrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.\nThose numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.","news_type":1,"symbols_score_info":{"CRWD":0.9,"TWLO":0.9,"SNOW":0.9}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153125891,"gmtCreate":1625014416513,"gmtModify":1703850072085,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Happy??","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Happy??","text":"$Tiger Brokers(TIGR)$Happy??","images":[{"img":"https://static.tigerbbs.com/f018343a4186f1ca6c5245714100c42b","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153125891","isVote":1,"tweetType":1,"viewCount":2169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153129078,"gmtCreate":1625014243994,"gmtModify":1703850062572,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please like and comment??","listText":"Please like and comment??","text":"Please like and comment??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153129078","repostId":"1122418477","repostType":4,"isVote":1,"tweetType":1,"viewCount":2196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159061775,"gmtCreate":1624931665197,"gmtModify":1703848217225,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please comment and like ??","listText":"Please comment and like ??","text":"Please comment and like ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159061775","repostId":"2146002845","repostType":4,"isVote":1,"tweetType":1,"viewCount":2846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159061588,"gmtCreate":1624931650944,"gmtModify":1703848214151,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please comment and like ??","listText":"Please comment and like ??","text":"Please comment and like ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159061588","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":3144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159061110,"gmtCreate":1624931638330,"gmtModify":1703848213504,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577157753646357","idStr":"3577157753646357"},"themes":[],"htmlText":"Please comment and like ??","listText":"Please comment and like ??","text":"Please comment and like ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159061110","repostId":"2147830544","repostType":4,"isVote":1,"tweetType":1,"viewCount":3074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}