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TanHY
TanHY
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2022-05-20
🎢
Amazon And Netflix: Dot.Com Bubble 2.0?
SummaryThe one question we're all asking now is if the market has bottomed or not. My answer is unfo
Amazon And Netflix: Dot.Com Bubble 2.0?
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TanHY
TanHY
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2022-05-12
,,🤞🏻
Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%
Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.Riot Blockchain, Marath
Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%
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TanHY
TanHY
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2022-05-04
👌🏻
3 Beaten-Down Stocks That Could Deliver 5X Gains By 2030
These stocks are losers now. But they could be huge winners over the next few years.
3 Beaten-Down Stocks That Could Deliver 5X Gains By 2030
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TanHY
TanHY
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2022-03-28
🎢
3 Top E-Commerce Stocks to Buy Right Now
This fast-growing sector offers savvy long-term investors several options to capitalize.
3 Top E-Commerce Stocks to Buy Right Now
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TanHY
TanHY
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2022-03-24
[What]
Russian Stocks News: Why Are SBRCY, LUKOY, OGZPY Stocks in the Spotlight Today?
Several Russian stocks are in the spotlight on news that the country’s market has resumed trading to
Russian Stocks News: Why Are SBRCY, LUKOY, OGZPY Stocks in the Spotlight Today?
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TanHY
TanHY
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2022-03-22
[What]
Sorry, this post has been deleted
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TanHY
TanHY
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2022-03-22
[Heartbreak]
Why Alcoa and Century Aluminum Stocks Soared More Than 10% on Monday
Australia's new ban on exporting alumina to Russia could send aluminum prices soaring.
Why Alcoa and Century Aluminum Stocks Soared More Than 10% on Monday
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TanHY
TanHY
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2021-06-23
?
Tech leads way to Wall Street rebound as Powell promises steady hand
WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow
Tech leads way to Wall Street rebound as Powell promises steady hand
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TanHY
TanHY
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2021-06-20
?
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TanHY
TanHY
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2021-06-20
?
Answering the great inflation question of our time
Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up
Answering the great inflation question of our time
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18:57","market":"us","language":"en","title":"Amazon And Netflix: Dot.Com Bubble 2.0?","url":"https://stock-news.laohu8.com/highlight/detail?id=2236208273","media":"Seeking Alpha","summary":"SummaryThe one question we're all asking now is if the market has bottomed or not. My answer is unfo","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The one question we're all asking now is if the market has bottomed or not. My answer is unfortunately no.</li><li>The current market situation resembles the 2000 dot.com bubble in wicked ways - history always rhymes.</li><li>Amazon and Netflix can illustrate many key issues common to the overall market and provide insights into the next steps.</li><li>Both have over-hired and over-invested assuming the “COVID boost”, and the Fed's easy monetary policy will continue indefinitely, leading to a bubble.</li><li>The bubble’s burst will not be complete until the overcapacity has turned into actual profits and ultimately a productivity boost.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55fa18da93692af6438b7cd52f8b1f70\" tg-width=\"750\" tg-height=\"501\" referrerpolicy=\"no-referrer\"/><span>stockcam/iStock Unreleased via Getty Images</span></p><p><b>Thesis</b></p><p>More often than not, focusing on a few individual trees can actually help us see the forest better. And under the current market conditions, Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) can illustrate many of the key issues common to the overall market and provide insights into where it's headed next.</p><p>We all know what has happened in the past six months or so, as recaptured in the chart below. All major indices have suffered some of their worst losses in market history. The Dow suffered losses exceeding 1,000 points during several trading days and the Nasdaq losses were near or more than 5%. Leadings stocks like AMZN and NFLX fared even worse - and for good reasons as to be seen later. AMZN stock price contracted by more than 1/3 YTD and NFLX by almost 2/3.</p><p>Has the market bottomed yet? This article will look for the answer by examining the similarities between our current market conditions and the 2000 dot.com bubble through the lenses of AMZN and NFLX. And my answer is an unfortunate no. The key reasons, as to be elaborated on next, are:</p><ul><li>The bubble has not fully deflated yet. The market has developed substantial excess capacity in the <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two years or so aided by the "COVID boost" and Fed's generous monetary policy. And the market has willingly priced the excess capacity into their current valuations. Despite the large corrections thus far, the market and its leading components such as AMZN and NFLX are still at an elevated valuation.</li><li>The complete deflation of the bubble will complete either in a beautiful way by turning the overcapacity into profitability and increased productivity or the ugly way. The typical sign of the ugly way of the bubble bursting is <i>not</i> a large price contracting only, but a large price contracting caused by a large valuation contraction <i>together with</i> a profit decrease at the same time. The current conditions for the overall market and its leading stocks (e.g., AMZN, NFLX, and the rest of the FAANG pack) have not shown this sign yet.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99cb6d19aeec2373c91d1fc571875b6a\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha and YCharts</span></p><p><b>The bubble in 2000 vs. 2022</b></p><p>As a quick refresher, the top panel of the following chart shows the major timelines of the 2000 bubble. The bubble was fueled by irrational optimism regarding technology-related equities in the late 1990s. The media attention and euphoria around future projected revenues are quite similar to those surrounding the dot.com stocks of our own time. The Nasdaq Composite Index increased by almost 400 percent in a short four-year period between 1996 and 2000, primarily driven by the nascent Internet companies. The bubble inevitably burst in 2000. It took about two years for the bubble to completely deflate - air comes out quicker than it goes in. The Nasdaq index lost about 80% and went back to its 1996 level.</p><p>Now, the mid and bottom panels show our current market conditions, which resemble the 2000 dot.com bubble in wicked ways. History does not always repeat, but it certainly rhymes. The Nasdaq Composite Index increased by almost 300 percent this around in a short three-year period between 2019 and 2022. In addition to the typical ingredients of a bubble (excessive optimism surrounding the next big new thing, Fed's easy monetary policy, et al), the formation of the bubble was unexpectedly accelerated by the COVID epidemic. The epidemic brought about dramatic changes in shopping habits, telecommuting, telemedicine, et al. Under this background, many companies over-hired and over-invested assuming the COVID boost will stay permanently, as we will illustrate next by the examples of AMZN and NFLX.</p><p>However, things turned out differently. The market share of e-commerce, streaming, and telecommuting now either stopped rising or even begun to decline as the COVID boost began to fade. And the bubble began to deflate. However, despite the sizable market correction so far, the bubble has not fully deflated yet. The Nasdaq index has "only" lost about 30% in the past six months or so, and the Shiller PE has only contracted by about 15%. The overall market valuation is still at an elevated level. To put things under perspective, the historical average Shiller PE is about 20x and it is now still at 32.</p><p>We will use AMZN and NFLX next to examine the problem more closely. But the problem is not only limited to AMZN and NFLX, it's a market-wide problem. The same pattern can be seen in a range of other leading stocks such as Shopify (SHOP), <a href=\"https://laohu8.com/S/ZM\">Zoom</a> (ZM), et al.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47471d7b8d02db16e845674050517c73\" tg-width=\"640\" tg-height=\"514\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha and YCharts</span></p><p><b>What has happened to AMZN and NFLX?</b></p><p>AMZN probably is the best example, but definitely not the only example, of the bubble formation and its acceleration by the COVID pandemic. When the pandemic broke out in early 2020, almost overnight, millions of people switched from offline to online shopping which drove AMZN's spectacular growth. In the following year, its annual sales growth maintained a range of 20%-40%. Such levels of growth are truly unheard of for a business whose annual sales are already approaching $300 billion and whose market cap approaching $1T (and approached $2T shortly after the pandemic).</p><p>To meet the growth need, the company overinvested also in an unprecedented manner. As commented by CEO Andy Jassy (the emphases are added by me):</p><blockquote>"The pandemic and subsequent war in Ukraine have brought unusual growth and challenges. With AWS growing 34% annually over the last two years, and 37% year-over-year in the first quarter, AWS has been integral in helping companies weather the pandemic and move more of their workloads into the cloud. Our Consumer business has grown 23% annually over the past two years, with extraordinary growth in 2020 of 39% year-over-year that necessitated <b>doubling the size of our fulfillment network that we'd built over Amazon's first 25 years</b>-and doing so in just 24 months."</blockquote><p>Fast forward to now, AMZN is facing the aftermath of overcapacity and strapped flow problems. In the first quarter of this year, Chief Financial Officer Brian Olsavsky commented that AMZN's transportation network has excess capacity. The company will now lower its capex for the quarters ahead. But the current overcapacity is so substantial that it will take a long time to digest. At the same time, the overinvesting has stretched its cash flow. As reported in its earnings presentation:</p><blockquote><ul><li>Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $29.3 billion for the trailing twelve months, compared with an inflow of $14.9 billion for the trailing twelve months ended March 31, 2021.</li><li>Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $22.3 billion for the trailing twelve months, compared with an inflow of $16.8 billion for the trailing twelve months ended March 31, 2021.</li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb1fa236f3875f2df66ee1caafa9174f\" tg-width=\"640\" tg-height=\"488\" referrerpolicy=\"no-referrer\"/><span>AMZN earnings report</span></p><p>The situation for NFLX is very similar. The pandemic also boosted NFLX's growth and also misled its investment and expansion decisions. As admitted by CEO Reed Hastings, the COVID boost has created noise for NFLX to read the situation. Its shareholders' letter went on to say (emphases were added by me):</p><blockquote>In the near term though, we're not growing revenue as fast as we'd like. <b>COVID clouded the picture by significantly increasing our growth in 2020,</b> leading us to believe that most of our slowing growth in 2021 was due to the COVID pull forward. Now, we believe there are four main inter-related factors at work.</blockquote><p>Among the four key issues, NFLX admitted that it does not have control over many of the key components. The adoption of on-demand entertainment and costs are among the top two. And for both issues, COVID provided a temporary boost and now the effects are fading, leading to its reporting of the first-ever subscriber drop in its latest earnings report.</p><p>Despite all the hot air and high expectations, the reality is that streaming is still a minor part of U.S. total TV screen time. As shown in the chart below, streaming-only accounts for about 30% of U.S. TV screen time, and the majority (70% of it) is still dominated by traditional cable (37%) and broadcast (25%).</p><p>As growth subsides in the post-pandemic era, competition is intensifying at the same time. It used to primarily compete with Google YouTube, Hulu, and AMZN prime video in the past. However, now many new entrants are emerging and becoming established, as commented in its shareholder letter (emphases were added by me):</p><blockquote>Third, competition for viewing with linear TV as well as YouTube, Amazon, and Hulu has been robust for the last 15 years. However, <b>over the last three years</b>, as traditional entertainment companies realized streaming is the future, <b>many new streaming services have also launched.</b> While our US television viewing share, for example, has been steady to up according to Nielsen, we want to grow that share faster.</blockquote><p>Notably, Disney+ has established itself as a solid No. 5 in this space. The streaming space is crowded. Breaking down the 30% of the total TV screen time shows that the streaming space is so fragmented now, and it's questionable if NFLX can keep its leading position. At 7%, NFLX is still the leader of the streaming pack, but only by a smaller margin compared to YouTube's 6 percent share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73c52aec474300348ee4852f51f3df6e\" tg-width=\"640\" tg-height=\"552\" referrerpolicy=\"no-referrer\"/><span>Nielsen</span></p><p><b>Can AMZN and NFLX tell us what's coming next?</b></p><p>Looking forward, the deflation of the bubble and the digestion of the overinvestment need more time. Admittedly, the overall market and its leading stocks (not only AMZN and NFLX, but other major stocks too) have suffered sizable corrections already and the bubble has deflated to some degrees. In NFLX's case, following its most recent earnings report and subscriber loss, its stock price has come down more than 70% from its peak value. And AMZN also has lost more than one-third of its stock price from its peak value.</p><p>However, with a Shiller PE ratio near 32, the overall market valuation is still at an elevated level. And the major component stocks such as AMZN and NFLX are still at an elevated level. The bubble still has more room for further deflation. As seen in the chart below, AMZN is still valued at an unsustainable level in terms of PE multiples (138x in GAAP and 51x in non-GAAP terms). Its price to cash flow is near 28x, and its free cash flow is in the negative after correcting for lease obligations as mentioned above. NFLX's valuation is more reasonable in terms of PE multiples. However, cash flow is an issue, which is likely to become even worse with rising production costs and talent costs to create original content.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6234af6f8cfc5e501dc0452add2957c0\" tg-width=\"640\" tg-height=\"195\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>Ultimately, the sign that I'm looking for a complete bubble bursting is not only a large price contraction. We've seen some price contraction so far, but not enough. The sign I'm looking for is a large price contraction because of valuation contraction AND profit decrease at the same time. The current market and its leading stocks (again, not only AMZN and NFLX, but also others such as those listed in the table above) have not shown this sign yet. They're all still traded at an expensive valuation (with the exception of FB) and many of them are not reporting profit decline (yet).</p><p><b>Final thoughts</b></p><p>Finally, I want to clarify that I'm not predicting that the bubble will burst in an ugly way with a valuation contraction and a profit decline at the same time (the way the 2000 bubble ended). Although it's a very likely scenario considering the tough spot we are in (high inflation, near bottom interest rates, and major ongoing geopolitical instability). What I'm saying is that IF I see both symptoms, then I'm confident that the bubble has fully burst. And I am not seeing these symptoms now.</p><p>As mentioned at the beginning, it's also possible for the bubble to deflate in a beautiful way too. I see it as a less likely scenario. The sign to watch in this case is the translation of the overcapacity into real profitability and, eventually, increased productivity.</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>Amazon And Netflix: Dot.Com Bubble 2.0?</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\">\nAmazon And Netflix: Dot.Com Bubble 2.0?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 18:57 GMT+8 <a href=https://seekingalpha.com/article/4513210-amazon-and-netflix-dotcom-bubble-2-0><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe one question we're all asking now is if the market has bottomed or not. My answer is unfortunately no.The current market situation resembles the 2000 dot.com bubble in wicked ways - history...</p>\n\n<a href=\"https://seekingalpha.com/article/4513210-amazon-and-netflix-dotcom-bubble-2-0\">Web 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","NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4513210-amazon-and-netflix-dotcom-bubble-2-0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236208273","content_text":"SummaryThe one question we're all asking now is if the market has bottomed or not. My answer is unfortunately no.The current market situation resembles the 2000 dot.com bubble in wicked ways - history always rhymes.Amazon and Netflix can illustrate many key issues common to the overall market and provide insights into the next steps.Both have over-hired and over-invested assuming the “COVID boost”, and the Fed's easy monetary policy will continue indefinitely, leading to a bubble.The bubble’s burst will not be complete until the overcapacity has turned into actual profits and ultimately a productivity boost.stockcam/iStock Unreleased via Getty ImagesThesisMore often than not, focusing on a few individual trees can actually help us see the forest better. And under the current market conditions, Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) can illustrate many of the key issues common to the overall market and provide insights into where it's headed next.We all know what has happened in the past six months or so, as recaptured in the chart below. All major indices have suffered some of their worst losses in market history. The Dow suffered losses exceeding 1,000 points during several trading days and the Nasdaq losses were near or more than 5%. Leadings stocks like AMZN and NFLX fared even worse - and for good reasons as to be seen later. AMZN stock price contracted by more than 1/3 YTD and NFLX by almost 2/3.Has the market bottomed yet? This article will look for the answer by examining the similarities between our current market conditions and the 2000 dot.com bubble through the lenses of AMZN and NFLX. And my answer is an unfortunate no. The key reasons, as to be elaborated on next, are:The bubble has not fully deflated yet. The market has developed substantial excess capacity in the one or two years or so aided by the \"COVID boost\" and Fed's generous monetary policy. And the market has willingly priced the excess capacity into their current valuations. Despite the large corrections thus far, the market and its leading components such as AMZN and NFLX are still at an elevated valuation.The complete deflation of the bubble will complete either in a beautiful way by turning the overcapacity into profitability and increased productivity or the ugly way. The typical sign of the ugly way of the bubble bursting is not a large price contracting only, but a large price contracting caused by a large valuation contraction together with a profit decrease at the same time. The current conditions for the overall market and its leading stocks (e.g., AMZN, NFLX, and the rest of the FAANG pack) have not shown this sign yet.Seeking Alpha and YChartsThe bubble in 2000 vs. 2022As a quick refresher, the top panel of the following chart shows the major timelines of the 2000 bubble. The bubble was fueled by irrational optimism regarding technology-related equities in the late 1990s. The media attention and euphoria around future projected revenues are quite similar to those surrounding the dot.com stocks of our own time. The Nasdaq Composite Index increased by almost 400 percent in a short four-year period between 1996 and 2000, primarily driven by the nascent Internet companies. The bubble inevitably burst in 2000. It took about two years for the bubble to completely deflate - air comes out quicker than it goes in. The Nasdaq index lost about 80% and went back to its 1996 level.Now, the mid and bottom panels show our current market conditions, which resemble the 2000 dot.com bubble in wicked ways. History does not always repeat, but it certainly rhymes. The Nasdaq Composite Index increased by almost 300 percent this around in a short three-year period between 2019 and 2022. In addition to the typical ingredients of a bubble (excessive optimism surrounding the next big new thing, Fed's easy monetary policy, et al), the formation of the bubble was unexpectedly accelerated by the COVID epidemic. The epidemic brought about dramatic changes in shopping habits, telecommuting, telemedicine, et al. Under this background, many companies over-hired and over-invested assuming the COVID boost will stay permanently, as we will illustrate next by the examples of AMZN and NFLX.However, things turned out differently. The market share of e-commerce, streaming, and telecommuting now either stopped rising or even begun to decline as the COVID boost began to fade. And the bubble began to deflate. However, despite the sizable market correction so far, the bubble has not fully deflated yet. The Nasdaq index has \"only\" lost about 30% in the past six months or so, and the Shiller PE has only contracted by about 15%. The overall market valuation is still at an elevated level. To put things under perspective, the historical average Shiller PE is about 20x and it is now still at 32.We will use AMZN and NFLX next to examine the problem more closely. But the problem is not only limited to AMZN and NFLX, it's a market-wide problem. The same pattern can be seen in a range of other leading stocks such as Shopify (SHOP), Zoom (ZM), et al.Seeking Alpha and YChartsWhat has happened to AMZN and NFLX?AMZN probably is the best example, but definitely not the only example, of the bubble formation and its acceleration by the COVID pandemic. When the pandemic broke out in early 2020, almost overnight, millions of people switched from offline to online shopping which drove AMZN's spectacular growth. In the following year, its annual sales growth maintained a range of 20%-40%. Such levels of growth are truly unheard of for a business whose annual sales are already approaching $300 billion and whose market cap approaching $1T (and approached $2T shortly after the pandemic).To meet the growth need, the company overinvested also in an unprecedented manner. As commented by CEO Andy Jassy (the emphases are added by me):\"The pandemic and subsequent war in Ukraine have brought unusual growth and challenges. With AWS growing 34% annually over the last two years, and 37% year-over-year in the first quarter, AWS has been integral in helping companies weather the pandemic and move more of their workloads into the cloud. Our Consumer business has grown 23% annually over the past two years, with extraordinary growth in 2020 of 39% year-over-year that necessitated doubling the size of our fulfillment network that we'd built over Amazon's first 25 years-and doing so in just 24 months.\"Fast forward to now, AMZN is facing the aftermath of overcapacity and strapped flow problems. In the first quarter of this year, Chief Financial Officer Brian Olsavsky commented that AMZN's transportation network has excess capacity. The company will now lower its capex for the quarters ahead. But the current overcapacity is so substantial that it will take a long time to digest. At the same time, the overinvesting has stretched its cash flow. As reported in its earnings presentation:Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $29.3 billion for the trailing twelve months, compared with an inflow of $14.9 billion for the trailing twelve months ended March 31, 2021.Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $22.3 billion for the trailing twelve months, compared with an inflow of $16.8 billion for the trailing twelve months ended March 31, 2021.AMZN earnings reportThe situation for NFLX is very similar. The pandemic also boosted NFLX's growth and also misled its investment and expansion decisions. As admitted by CEO Reed Hastings, the COVID boost has created noise for NFLX to read the situation. Its shareholders' letter went on to say (emphases were added by me):In the near term though, we're not growing revenue as fast as we'd like. COVID clouded the picture by significantly increasing our growth in 2020, leading us to believe that most of our slowing growth in 2021 was due to the COVID pull forward. Now, we believe there are four main inter-related factors at work.Among the four key issues, NFLX admitted that it does not have control over many of the key components. The adoption of on-demand entertainment and costs are among the top two. And for both issues, COVID provided a temporary boost and now the effects are fading, leading to its reporting of the first-ever subscriber drop in its latest earnings report.Despite all the hot air and high expectations, the reality is that streaming is still a minor part of U.S. total TV screen time. As shown in the chart below, streaming-only accounts for about 30% of U.S. TV screen time, and the majority (70% of it) is still dominated by traditional cable (37%) and broadcast (25%).As growth subsides in the post-pandemic era, competition is intensifying at the same time. It used to primarily compete with Google YouTube, Hulu, and AMZN prime video in the past. However, now many new entrants are emerging and becoming established, as commented in its shareholder letter (emphases were added by me):Third, competition for viewing with linear TV as well as YouTube, Amazon, and Hulu has been robust for the last 15 years. However, over the last three years, as traditional entertainment companies realized streaming is the future, many new streaming services have also launched. While our US television viewing share, for example, has been steady to up according to Nielsen, we want to grow that share faster.Notably, Disney+ has established itself as a solid No. 5 in this space. The streaming space is crowded. Breaking down the 30% of the total TV screen time shows that the streaming space is so fragmented now, and it's questionable if NFLX can keep its leading position. At 7%, NFLX is still the leader of the streaming pack, but only by a smaller margin compared to YouTube's 6 percent share.NielsenCan AMZN and NFLX tell us what's coming next?Looking forward, the deflation of the bubble and the digestion of the overinvestment need more time. Admittedly, the overall market and its leading stocks (not only AMZN and NFLX, but other major stocks too) have suffered sizable corrections already and the bubble has deflated to some degrees. In NFLX's case, following its most recent earnings report and subscriber loss, its stock price has come down more than 70% from its peak value. And AMZN also has lost more than one-third of its stock price from its peak value.However, with a Shiller PE ratio near 32, the overall market valuation is still at an elevated level. And the major component stocks such as AMZN and NFLX are still at an elevated level. The bubble still has more room for further deflation. As seen in the chart below, AMZN is still valued at an unsustainable level in terms of PE multiples (138x in GAAP and 51x in non-GAAP terms). Its price to cash flow is near 28x, and its free cash flow is in the negative after correcting for lease obligations as mentioned above. NFLX's valuation is more reasonable in terms of PE multiples. However, cash flow is an issue, which is likely to become even worse with rising production costs and talent costs to create original content.Seeking AlphaUltimately, the sign that I'm looking for a complete bubble bursting is not only a large price contraction. We've seen some price contraction so far, but not enough. The sign I'm looking for is a large price contraction because of valuation contraction AND profit decrease at the same time. The current market and its leading stocks (again, not only AMZN and NFLX, but also others such as those listed in the table above) have not shown this sign yet. They're all still traded at an expensive valuation (with the exception of FB) and many of them are not reporting profit decline (yet).Final thoughtsFinally, I want to clarify that I'm not predicting that the bubble will burst in an ugly way with a valuation contraction and a profit decline at the same time (the way the 2000 bubble ended). Although it's a very likely scenario considering the tough spot we are in (high inflation, near bottom interest rates, and major ongoing geopolitical instability). What I'm saying is that IF I see both symptoms, then I'm confident that the bubble has fully burst. And I am not seeing these symptoms now.As mentioned at the beginning, it's also possible for the bubble to deflate in a beautiful way too. I see it as a less likely scenario. The sign to watch in this case is the translation of the overcapacity into real profitability and, eventually, increased productivity.","news_type":1,"symbols_score_info":{"NFLX":1,"AMZN":1}},"isVote":1,"tweetType":1,"viewCount":2526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064449492,"gmtCreate":1652364167616,"gmtModify":1676535085566,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":",,🤞🏻","listText":",,🤞🏻","text":",,🤞🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064449492","repostId":"1188178390","repostType":4,"repost":{"id":"1188178390","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":1652363296,"share":"https://ttm.financial/m/news/1188178390?lang=&edition=fundamental","pubTime":"2022-05-12 21:48","market":"us","language":"en","title":"Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%","url":"https://stock-news.laohu8.com/highlight/detail?id=1188178390","media":"Tiger Newspress","summary":"Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.Riot Blockchain, Marath","content":"<html><head></head><body><p>Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.</p><p>Riot Blockchain, <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a>, Block and SOS Limited fell between 1% and 7%.<img src=\"https://static.tigerbbs.com/37547cf9d2b7e8f2e10dfff08e1cbd72\" tg-width=\"429\" tg-height=\"411\" width=\"100%\" height=\"auto\"/></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>Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%</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 Fell in Morning Trading, with Coinbase Stock Dropping over 15%\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\">2022-05-12 21:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.</p><p>Riot Blockchain, <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a>, Block and SOS Limited fell between 1% and 7%.<img src=\"https://static.tigerbbs.com/37547cf9d2b7e8f2e10dfff08e1cbd72\" tg-width=\"429\" tg-height=\"411\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188178390","content_text":"Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.Riot Blockchain, Marathon Digital, Block and SOS Limited fell between 1% and 7%.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061512437,"gmtCreate":1651641133735,"gmtModify":1676534941545,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"👌🏻","listText":"👌🏻","text":"👌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061512437","repostId":"2232715789","repostType":4,"repost":{"id":"2232715789","kind":"highlight","pubTimestamp":1651622425,"share":"https://ttm.financial/m/news/2232715789?lang=&edition=fundamental","pubTime":"2022-05-04 08:00","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Deliver 5X Gains By 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2232715789","media":"Motley Fool","summary":"These stocks are losers now. But they could be huge winners over the next few years.","content":"<div>\n<p>Even the best stocks can fall on hard times. That's certainly been the case with plenty of biotech stocks over the past 12 months. However, some that have floundered could still be huge winners over ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/02/3-beaten-down-stocks-that-could-deliver-5x-gains-b/\">Web 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>3 Beaten-Down Stocks That Could Deliver 5X Gains By 2030</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 Beaten-Down Stocks That Could Deliver 5X Gains By 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 08:00 GMT+8 <a href=https://www.fool.com/investing/2022/05/02/3-beaten-down-stocks-that-could-deliver-5x-gains-b/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even the best stocks can fall on hard times. That's certainly been the case with plenty of biotech stocks over the past 12 months. However, some that have floundered could still be huge winners over ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/02/3-beaten-down-stocks-that-could-deliver-5x-gains-b/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNA":"Ginkgo Bioworks Holdings Inc.","NVCR":"NovoCure Limited","CRSP":"CRISPR Therapeutics AG"},"source_url":"https://www.fool.com/investing/2022/05/02/3-beaten-down-stocks-that-could-deliver-5x-gains-b/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232715789","content_text":"Even the best stocks can fall on hard times. That's certainly been the case with plenty of biotech stocks over the past 12 months. However, some that have floundered could still be huge winners over the long term.We asked three Motley Fool contributors to pick beaten-down stocks they think can deliver 5x gains by 2030. Here's why they chose CRISPR Therapeutics, Ginkgo Bioworks Holdings, and Novocure.A great entry point for investorsProsper Junior Bakiny (CRISPR Therapeutics): \"Beaten-down\" doesn't begin to describe what has happened to CRISPR Therapeutics in the past year on the market. Shares of the gene-editing specialist have plunged by more than 60% in the trailing-12-month period -- a horrible performance by any metric.It's not hard to understand what's going on here. The biotech currently has no products on the market. Before its recent fall, shares had been on fire. A correction was probably overdue.But this could be a great entry point for opportunistic investors willing to be patient. CRISPR Therapeutics has several promising pipeline candidates. These include several immuno-oncology candidates: CTX110, CTX120, and CTX130. However, the most exciting of CRISPR Therapeutics' programs is CTX001. The biotech is developing this potential therapy for sickle cell disease and transfusion-dependent beta-thalassemia in collaboration with Vertex Pharmaceuticals.CRISPR Therapeutics and Vertex have already produced excellent results in a phase 1/2 clinical trial. Regulatory submissions should come down by the end of the year.There are few safe and effective therapy options for both of those rare blood illnesses. If CTX001 earns regulatory approval, it could be a game changer.And that highlights the potential of CRISPR Therapeutics' platform. Like other gene-editing specialists, the company is going after challenging targets, including some for which there are few (if any) curative therapies.Another example of that is the company's VCTX210, an investigational gene-editing treatment for type 1 diabetes. CRISPR Therapeutics could record some major clinical wins in the next five years, thereby helping its stock price soar.Of course, none of this is guaranteed. CRISPR Therapeutics' candidates could run into clinical or regulatory obstacles. It's essential to keep these risks (and others) in mind when making investment decisions.But if enough things go right for CRISPR Therapeutics, the company's shares could skyrocket by 2030. That's why it's worth considering initiating a position now, especially after the beating CRISPR Therapeutics has endured in the past year.A potential growth machine in the makingDavid Jagielski (Ginkgo Bioworks): A crashing growth stock with loads of potential is one that investors should pay close attention to because it can lead to significant returns in the near future. Ginkgo Bioworks is one of those stocks. The more it falls, the more likely it is that this will be at least a five-bagger investment by 2030.To get to that level, the stock wouldn't even need to climb a whole lot higher than where it started trading. Last September, the biotech stock went public through a merger with a special purpose acquisition company (SPAC). It soon reached a high of more than $14. That's already around four times the value of where it trades today.The sell-off of Ginkgo's shares since it went public is a bit of a mystery. It follows a relatively similar path to that of Cathie Wood's Ark Innovation Pacer Swan SOS Fund of Funds ETF|ETF , which holds shares of Ginkgo. Since November, the exchange-traded fund has fallen by close to 60% while Ginkgo has done a bit worse, cratering by 70%.But that could prove to be a short-term problem for investors. Among the most attractive features of Ginkgo's business is its versatility. It can help multiple industries through programming cells. Consumer and technology, food and agriculture, industrials and environment, and biotech and pharma are the different areas the company has identified opportunities in.The total addressable market for bioengineered products could be well into the trillions by 2040. Ginkgo only has to scratch the surface of all that potential to jump to the roughly $32 billion valuation it would need to reach to generate 5x returns.Ginkgo has been working on deals to tap into some of that growth already. In April alone, it announced multiple collaborations and partnerships. One involved working with animal health company Elanco to launch a new business focused on improving animal health and protein production. Another was to partner with a company in the water business to develop biosensors that would find toxins in water.In 2022, Ginkgo projects its revenue will come in between $325 million and $340 million. While that's a potentially modest increase from the $314 million it reported in 2021 (when its revenue soared 309%), Ginkgo is still in the early stages of its growth. There's significant potential here for investors to earn a fantastic return. The key is remaining patient with the business as it grows.5x could be too pessimistic for this stockKeith Speights (Novocure): One stock immediately jumped to my mind when I began thinking about candidates that could deliver a 5x gain by 2030 -- Novocure. Actually, I that 5x could even be too pessimistic.Novocure's Tumor Treating Fields (TTFields) therapy, which uses electrical fields to disrupt cancer cell replication, is currently approved for treating glioblastoma multiforme (GBM) and mesothelioma. Novocure CEO Bill Doyle noted in the company's first-quarter conference call that the GBM business \"remains a key driver of our long-term success.\" The company hopes to soon expand into the French GBM market. It's also building out its infrastructure to reach more of the North American and EMEA (Europe, Middle East, and Africa) markets.But Novocure's potential to deliver 5x or greater returns largely depends on winning regulatory approvals for TTFields in additional indications. The company is currently evaluating the therapy in four late-stage pivotal studies for which results should be available in the near term.Data from the Lunar study of TTFields in treating non-small cell lung cancer should read out this year. In 2023, Novocure expects to announce results from two late-stage studies targeting ovarian cancer and brain metastases. And in 2024, the company anticipates reporting data from its phase 3 study targeting pancreatic cancer.Novocure currently has penetrated only around 35% of the GBM market. However, the indications that it's going after in the four late-stage studies represent a market size that's 14x greater than its current market.Granted, Novocure needs its clinical studies to be successful to have a shot at becoming the huge winner I think it can be. But I like the company's chances.","news_type":1,"symbols_score_info":{"CRSP":0.9,"NVCR":0.9,"DNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010402230,"gmtCreate":1648438792678,"gmtModify":1676534337958,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"🎢","listText":"🎢","text":"🎢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010402230","repostId":"2222523908","repostType":4,"repost":{"id":"2222523908","kind":"highlight","pubTimestamp":1648434544,"share":"https://ttm.financial/m/news/2222523908?lang=&edition=fundamental","pubTime":"2022-03-28 10:29","market":"us","language":"en","title":"3 Top E-Commerce Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2222523908","media":"Motley Fool","summary":"This fast-growing sector offers savvy long-term investors several options to capitalize.","content":"<div>\n<p>The transition toward e-commerce is in full swing. The pandemic accelerated this trend, but let's face it: Rising e-commerce is inevitable. According to Statista, retail e-commerce sales reached $4.9 ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/27/3-top-e-commerce-stocks-to-buy-right-now/\">Web 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>3 Top E-Commerce Stocks to Buy Right 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\">\n3 Top E-Commerce Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-28 10:29 GMT+8 <a href=https://www.fool.com/investing/2022/03/27/3-top-e-commerce-stocks-to-buy-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The transition toward e-commerce is in full swing. The pandemic accelerated this trend, but let's face it: Rising e-commerce is inevitable. According to Statista, retail e-commerce sales reached $4.9 ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/27/3-top-e-commerce-stocks-to-buy-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4559":"巴菲特持仓","BK4538":"云计算","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","BK4507":"流媒体概念","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4527":"明星科技股","TGT":"塔吉特","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","AMZN":"亚马逊","BK4535":"淡马锡持仓","ORLY":"奥莱利"},"source_url":"https://www.fool.com/investing/2022/03/27/3-top-e-commerce-stocks-to-buy-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222523908","content_text":"The transition toward e-commerce is in full swing. The pandemic accelerated this trend, but let's face it: Rising e-commerce is inevitable. According to Statista, retail e-commerce sales reached $4.9 trillion globally in 2021 and are expected to grow to over $7.3 trillion in 2025. The U.S. alone accounted for $768 billion of that last year.Many companies that we might not typically associate with e-commerce have entered the fray and are bolstering their legacy businesses. The companies below could help long-term investors outpace the market.O'ReillyLet's start with an unconventional e-commerce company. O'Reilly probably isn't the first name that pops into your head when it comes to online shopping. However, its growth strategy has an omnichannel focus. Professional service providers can now place orders and receive local delivery with O'Reilly's proprietary platform made just for them. At the same time, DIY customers can do the same through the company's website.O'Reilly could also capitalize on the enormous inflation we see in the new and used car markets. Gone are the days of haggling with the dealer for a deal well below the manufacturer's suggested retail price (MSRP). Instead, new car buyers are getting sticker shock. Thanks to dwindling inventories and the rising cost of new cars, used car prices have been up more than 40% over the past year. As a result, it's a good bet many drivers will be holding on to their vehicles longer, and the demand for parts from both professional service providers and DIY car owners will remain strong.The company is already posting impressive results with revenue increasing to $13.3 billion in 2021, up 15%. The company's diluted earnings per share (EPS) also increased 32% to reach $31.10 last year. That was due in part to the company's lucrative share buyback program, which totaled nearly $2.5 billion in 2021 alone. O'Reilly stock has gained over 40% in the past year, and the company is set up to continue its impressive run long term.TargetTarget is another retailer that has embraced e-commerce and made a splash in recent years. In fiscal 2021, comparable sales grew 12.7%, while digital growth hit 20.8%. Even more impressive, that performance followed comparable online sales growth of 145% in fiscal 2020 due to COVID-19. Digital made up 19% of the company's $104.6 billion in total sales last year, and Target fulfills 95% of those digital sales through its existing stores, allowing it to leverage existing assets. Target actually increased its operating margin in 2021 despite the challenging labor environment.A dependable dividend can be a long-term investor's best friend during times of uncertainty. Target hasn't missed a dividend payment since 1967 -- two years before Apollo 11 landed on the moon. It has been increasing the payout for 50 years as well. The dividend currently yields about 1.7%. While that's nothing to write home about, a steadily rising dividend should raise a shareholder's effective yield over time.Data by YCharts.AmazonI would be remiss not to mention Amazon when discussing e-commerce stocks. Especially in light of its recent blockbuster stock split announcement. Management has announced the company will undergo a 20:1 stock split and begin trading split-adjusted on June 6, 2022. Individual investors have clamored for this split for some time.However, the most significant impact may be the company's potential for inclusion in the Dow Jones Industrial Average. Because of how the Dow is calculated, a stock that trades for thousands of dollars cannot practically be added to the index. Once Amazon's stock splits, it could be a primecandidate for inclusion.Lost in the stock split announcement was also a $10 billion share buyback authorization. While this won't make much of a dent in the company's outstanding shares, the signal from management is they feel the stock is undervalued. It could also be a sign of more share buybacks to come.The company's e-commerce business dealt with severe headwinds in 2021 relating to additional labor costs and logistical expenses associated with COVID-19. This crimped margins in Amazon's North America and international segments. However, AWS picked up the slack as usual. Revenue for the cloud-computing operation increased 37% to reach $62 billion in 2021, and all with a 30% operating margin. This helped the company achieve record sales of $469.8 billion for the year. Amazon could easily outpace the market in the future as headwinds in online retail subside.","news_type":1,"symbols_score_info":{"ORLY":0.9,"TGT":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037510063,"gmtCreate":1648134481460,"gmtModify":1676534308298,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"[What] ","listText":"[What] ","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037510063","repostId":"1174502344","repostType":4,"repost":{"id":"1174502344","kind":"news","pubTimestamp":1648132638,"share":"https://ttm.financial/m/news/1174502344?lang=&edition=fundamental","pubTime":"2022-03-24 22:37","market":"us","language":"en","title":"Russian Stocks News: Why Are SBRCY, LUKOY, OGZPY Stocks in the Spotlight Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174502344","media":"InvestorPlace","summary":"Several Russian stocks are in the spotlight on news that the country’s market has resumed trading to","content":"<div>\n<p>Several Russian stocks are in the spotlight on news that the country’s market has resumed trading today.Stocks of leading Russian companies such as Sberbank(OTCMKTS:SBRCY),Gazprom(OTCMKTS:OGZPY) ...</p>\n\n<a href=\"https://investorplace.com/2022/03/russian-stocks-news-why-are-sbrcy-lukoy-ogzpy-stocks-in-the-spotlight-today/\">Web Link</a>\n\n</div>\n","source":"lsy1606302653667","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>Russian Stocks News: Why Are SBRCY, LUKOY, OGZPY Stocks in the Spotlight Today?</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; 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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\">\nRussian Stocks News: Why Are SBRCY, LUKOY, OGZPY Stocks in the Spotlight Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-24 22:37 GMT+8 <a href=https://investorplace.com/2022/03/russian-stocks-news-why-are-sbrcy-lukoy-ogzpy-stocks-in-the-spotlight-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several Russian stocks are in the spotlight on news that the country’s market has resumed trading today.Stocks of leading Russian companies such as Sberbank(OTCMKTS:SBRCY),Gazprom(OTCMKTS:OGZPY) ...</p>\n\n<a href=\"https://investorplace.com/2022/03/russian-stocks-news-why-are-sbrcy-lukoy-ogzpy-stocks-in-the-spotlight-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUKOY":"PJSC Lukoil"},"source_url":"https://investorplace.com/2022/03/russian-stocks-news-why-are-sbrcy-lukoy-ogzpy-stocks-in-the-spotlight-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174502344","content_text":"Several Russian stocks are in the spotlight on news that the country’s market has resumed trading today.Stocks of leading Russian companies such as Sberbank(OTCMKTS:SBRCY),Gazprom(OTCMKTS:OGZPY) andLukoil(OTCMKTS:LUKOY) were trending in the U.S. today. These tickers trade over the counter, and represent the American Depositary Receipts (ADRs) of the Russian companies.However, while these stocks may be trending on message boards and on Yahoo Finance, investors cannot actually trade them. Despite the Russian stock market reopening, these over-the-counter tickers are still under trading halts. The Financial Industry Regulatory Authority (FINRA)halted trading in these tickers on March 3.Investors should note that the actual reopening of the Russian stock market also comes with caveats. It has reopened with a ban on short selling as well as limits that keep foreign investors from selling their shares.What Happened With Russian StocksThe Moscow Stock Exchange resumed trading in 33 Russian equities today, and the MOEX Russia Index finished trading up 4.37%. Moscow-listed shares of Lukoil jumped 12% in its first day of trading since late February.Investors should note that the Moscow Stock Exchange has been closed since Feb. 25. Its shares started to plunge after its invasion of Ukraine and resulting sanctions. The country has already reopened its bond market and kicked off stock trading again today.Why It MattersThe reopening of the Russian market is being watched closely. Why? Investors see it as a test of how Russian financial markets, and, more broadly, the Russian economy will perform in the wake of economic sanctions. In an official statement, the White House described the reopening as a “charade.” The statement further said:“This is not a real marketand not a sustainable model—which only underscores Russia’s isolation from the global financial system. The United States and our allies and partners will continue taking action to further isolate Russia from the international economic order as long it continues its brutal war against Ukraine.”What’s NextRussian stocks are again trading in Moscow. However, the market is being tightly controlled by Russian regulators and there are strict controls being placed on foreign investors. For individual U.S. investors, ongoing trading halts also limit opportunities for direct action.","news_type":1,"symbols_score_info":{"OGZPY":0.9,"SBRCY":0.9,"LUKOY":0.9}},"isVote":1,"tweetType":1,"viewCount":1996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9034586902,"gmtCreate":1647919510236,"gmtModify":1676534280216,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"[What] ","listText":"[What] ","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034586902","repostId":"2221307540","repostType":4,"isVote":1,"tweetType":1,"viewCount":2858,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9034588672,"gmtCreate":1647919421324,"gmtModify":1676534280208,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"[Heartbreak] ","listText":"[Heartbreak] ","text":"[Heartbreak]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034588672","repostId":"1147076268","repostType":4,"repost":{"id":"1147076268","kind":"news","pubTimestamp":1647918933,"share":"https://ttm.financial/m/news/1147076268?lang=&edition=fundamental","pubTime":"2022-03-22 11:15","market":"us","language":"en","title":"Why Alcoa and Century Aluminum Stocks Soared More Than 10% on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1147076268","media":"Motley Fool","summary":"Australia's new ban on exporting alumina to Russia could send aluminum prices soaring.","content":"<div>\n<p>Australia's new ban on exporting alumina to Russia could send aluminum prices soaring.What happenedCentury Aluminum stock shot up Monday and traded up 11.1% as of closed. Shares of a rival company ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/21/why-century-aluminum-stock-is-on-fire-today/\">Web 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>Why Alcoa and Century Aluminum Stocks Soared More Than 10% on Monday</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 Alcoa and Century Aluminum Stocks Soared More Than 10% on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-22 11:15 GMT+8 <a href=https://www.fool.com/investing/2022/03/21/why-century-aluminum-stock-is-on-fire-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australia's new ban on exporting alumina to Russia could send aluminum prices soaring.What happenedCentury Aluminum stock shot up Monday and traded up 11.1% as of closed. Shares of a rival company ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/21/why-century-aluminum-stock-is-on-fire-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AA":"美国铝业","CENX":"世纪铝业"},"source_url":"https://www.fool.com/investing/2022/03/21/why-century-aluminum-stock-is-on-fire-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147076268","content_text":"Australia's new ban on exporting alumina to Russia could send aluminum prices soaring.What happenedCentury Aluminum stock shot up Monday and traded up 11.1% as of closed. Shares of a rival company jumped 10% after receiving a massive price target upgrade from an analyst, and some of the reasons behind it are applicable to Century Aluminum as well.So whatOn Monday morning, Argus analyst David Coleman raised his price target on Alcoa from $68 a share to $95 per share, according to TheFly.com. Aside from Alcoa's broad footprint in the aluminum industry and its strengthening balance sheet, Coleman expects the recent developments in China and Russia, as well as rising aluminum prices, to work in the company's favor.The thing is, rising aluminum prices should benefit Century Aluminum as well, given that it's among the world's largest producers of primary aluminum -- i.e., aluminum produced directly from mined ore.In fact, there's a lot brewing in the global aluminum market right now.Image source: Getty Images.Demand for the metal is soaring as industries like electric vehicles and solar energy heat up. The aluminum industry, though, is staring at a supply crunch.Also on Monday morning, the International Aluminium Institute (IAI) reported that global output of primary aluminum was 5.114 million tons in February, down about 2% year over year.While the IAI's latest data reflects a fall in supply, another major development is what's really sending aluminum stocks higher.At a press conference on Sunday, Australia's Prime Minister Scott Morrison expressed anger over the conflict between Russia and Ukraine, and said it \"must pay a very high price for its brutality.\" Accordingly, Australia will \"impose high costs\" on Russia. Among them, it is strengthening its sanctions, and banning all export of alumina and aluminum ores like bauxite to Russia -- effective immediately.Those ores are essential to produce aluminum, and Australia is by far the world's top exporter of alumina. Russia, meanwhile, is the world's second-largest supplier of aluminum. Any drop in the production and supply of Russian aluminum, therefore, could further hit global supply and send prices of the metal even higher.Now whatAluminum prices hit record highs in early March and are expected to remain high in the wake of Australia's move to ban raw material exports to Russia. Higher aluminum prices are exactly what Century Aluminum needs to grow its top line right now, and investors are betting it will get them.","news_type":1,"symbols_score_info":{"AA":0,"CENX":0}},"isVote":1,"tweetType":1,"viewCount":2994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123673072,"gmtCreate":1624422784396,"gmtModify":1703836214894,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123673072","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech leads way to Wall Street rebound as Powell promises steady hand</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\">\nTech leads way to Wall Street rebound as Powell promises steady hand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","POWL":"Powell Industries"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1,"symbols_score_info":{".IXIC":0.9,"GBPmain":0.9,"GCmain":0.9,"JPYmain":0.9,"CLmain":0.9,"POWL":0.9,".SPX":0.9,"EURmain":0.9,"QMmain":0.9,"MGCmain":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164389677,"gmtCreate":1624171663699,"gmtModify":1703830123943,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164389677","repostId":"1183124175","repostType":4,"isVote":1,"tweetType":1,"viewCount":2586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164380147,"gmtCreate":1624171547289,"gmtModify":1703830122006,"author":{"id":"3578351992666848","authorId":"3578351992666848","name":"TanHY","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578351992666848","authorIdStr":"3578351992666848"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164380147","repostId":"1133385197","repostType":4,"repost":{"id":"1133385197","kind":"news","pubTimestamp":1624151969,"share":"https://ttm.financial/m/news/1133385197?lang=&edition=fundamental","pubTime":"2021-06-20 09:19","market":"us","language":"en","title":"Answering the great inflation question of our time","url":"https://stock-news.laohu8.com/highlight/detail?id=1133385197","media":"finance.yahoo","summary":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up","content":"<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.</p>\n<p>Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”</p>\n<p>The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?</p>\n<p>Before I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.</p>\n<p>As an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.</p>\n<p>Until now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)</p>\n<p><img src=\"https://static.tigerbbs.com/87f75dfcb98fb5a0e7c3f9d3f8d336e2\" tg-width=\"705\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p>Used car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.</p>\n<p>To be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)</p>\n<p>But that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.</p>\n<p>Given this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.</p>\n<p>Now I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.</p>\n<p>As for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.</p>\n<p>Which brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.</p>\n<p>“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”</p>\n<p>“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.</p>\n<p>COVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.</p>\n<p>A prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.</p>\n<p>Another secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.</p>\n<p><b>Anti-inflation forces</b></p>\n<p>But here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?</p>\n<p>I say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”</p>\n<p>To buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.</p>\n<p>To me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.</p>\n<p>Not only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.</p>\n<p>So technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.</p>\n<p>There is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.</p>\n<p>After World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)</p>\n<p>Like its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.</p>\n<p>The internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.</p>\n<p>So technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.</p>\n<p>COVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.</p>\n<p>How significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.</p>\n<p>More downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”</p>\n<p>And so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”</p>\n<p>I don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)</p>","source":"lsy1612507957220","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>Answering the great inflation question of our time</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\">\nAnswering the great inflation question of our time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:19 GMT+8 <a href=https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these...</p>\n\n<a href=\"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133385197","content_text":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”\nThe current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?\nBefore I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.\nAs an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.\nUntil now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)\n\nUsed car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.\nTo be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)\nBut that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.\nGiven this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.\nNow I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.\nAs for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.\nWhich brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.\n“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”\n“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.\nCOVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.\nA prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.\nAnother secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.\nAnti-inflation forces\nBut here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?\nI say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”\nTo buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.\nTo me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.\nNot only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.\nSo technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.\nThere is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.\nAfter World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)\nLike its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.\nThe internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.\nSo technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.\nCOVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.\nHow significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.\nMore downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”\nAnd so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”\nI don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}