Sochkio personal page - To The Moon

Sochkio

Sochkio

No personal profile

222Follow

10Followers

0Topic

0Badge

08-23

$Palantir Technologies Inc.(PLTR)$

02-07

$Palantir Technologies Inc.(PLTR)$

2024-07-03

Thank you 🐯 very much

2024-06-23

Replying to @Sochkio:Haha , it is keychain//@Sochkio:I got umbrella

2024-06-23

I got umbrella

2024-01-16

$英伟达(NVDA)$

2024-01-14

Good morning tiger👏👏👏👏👏👏👏

2024-01-04

Thank you tiger 🐯

2024-01-02

Happy new year

@TigerEvents:🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅

2023-06-27

👏👏👏👏👏👏

2023-06-26

👏👏👏👏👏👏👏

2023-06-25

👏👏👏👏👏👏

2023-06-24

👏👏👏👏 I 👏👏👏👏

2023-06-23

👏👏👏👏👏👏

2023-06-22

🧽🧽🧽🧽🧽

2023-06-21

👏👏👏🙂🙂

2023-06-20

😃😃😃😃😃😃

2023-06-19

👏👏👏👏👏👏👏👏👏👏

2023-06-18

👏👏👏👏👏👏

2023-06-17

👏👏👏👏👏

Go to Tiger App to see more news

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much&nbsp;","listText":"Thank you 🐯 very much&nbsp;","text":"Thank you 🐯 very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323467873239056","isVote":1,"tweetType":1,"viewCount":2663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319864011382872,"gmtCreate":1719120874120,"gmtModify":1719120878637,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3569024945901577","idStr":"3569024945901577"},"themes":[],"htmlText":"Replying to <a href=\"https://ttm.financial/U/3569024945901577\">@Sochkio</a>:Haha , it is keychain//<a href=\"https://ttm.financial/U/3569024945901577\">@Sochkio</a>:I got umbrella","listText":"Replying to <a 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12:39","market":"us","language":"zh","title":"Tencent was ordered to lift the exclusive copyright of music, and users can finally listen to songs well?","url":"https://stock-news.laohu8.com/highlight/detail?id=2153002933","media":"品玩","summary":"国家市场监管总局于7月24日发布公告，依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。最终，武汉市中级人民法院判定，网易云音乐涉嫌侵权行为，对网易云音乐发出网络禁令，勒令其删除相关内容。独家音乐版权已无法成为核心竞争力，TME再次提升了孵化内容的重要性。2021年6月25日，腾讯音乐集团宣布成立内容业务线，负责音乐内容相关业务的整体规划、战略制定和统筹管理。","content":"<p>The State Administration for Market Regulation issued an announcement on July 24 to regulate<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>Co., Ltd. ordered to lift the exclusive copyright of online music and other penalties.</p><p><b>A big difference in this punishment is that this case is the first case in which the Anti-Monopoly Law \"takes necessary measures to restore market competition\" for illegally implementing concentration of operators.</b></p><p>Previous anti-monopoly punishment methods were mostly based on \"supplementary punishment\" combination to put forward guiding requirements for the next operation, but this time Tencent clearly listed very specific rectification measures, including which agreements in the contract need to be terminated, and when to complete the termination, etc. In fact, it once again enriches the anti-monopoly law enforcement toolbox.</p><p>According to the State Administration for Market Regulation, in January 2021, according to the report, the State Administration for Market Regulation opened an investigation into Tencent Holdings Co., Ltd. (hereinafter referred to as Tencent) 's acquisition of equity of China Music Group in July 2016 for suspected illegal concentration of operators.</p><p>The investigation shows that the relevant market in this case is the online music playback platform market in China. Genuine music copyright is the core asset and key resource of the operation of online music playing platform. In 2016, Tencent and China Music Group had about 30% and 40% in the relevant market shares, respectively. Tencent gained a higher market share by merging with its main competitors in the market. After concentration, the entity occupied more than 80% of the exclusive music library resources, which may be able to urge the upstream copyright owners to reach more exclusive copyright agreements with them, or require them to be given better trading conditions than their competitors, or raise market entry barriers by paying high advance payment and other copyright payment modes, which has or may have the effect of excluding and restricting competition in the relevant market.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Gone is the rough competitive way of relying on top music copyrights to drive growth and user retention.</p><p>In 2014, QQ Music, which was still a product of Tencent at that time, had already launched an attack on NetEase Cloud Music in terms of copyright. At the end of 2014, QQ Music sued NetEase Cloud Music, claiming that 623 online music pieces such as \"Where Has Time Gone\", which NetEase Cloud Music disseminated to the public without authorization, were suspected of infringement.</p><p>In the end, the Wuhan Intermediate People's Court ruled that NetEase Cloud Music was suspected of infringement, and issued a network ban on NetEase Cloud Music, ordering it to delete relevant content. What users can perceive is that NetEase Cloud Music has more songs that have \"turned gray\". QQ Music, which has tasted the sweetness, has also begun to build its copyright empire.</p><p>A large number of early music copyrights of TME came from the merger of China Music Group (hereinafter referred to as CMC). In the early years, Ocean Music, which had signed a large number of exclusive music copyrights at a low price, successively completed the merger and acquisition of Kuwo Music and Kugou Music, and established a new \"Ocean Music Group\", which was later renamed \"China Music Group\".</p><p>At that time, online music was not favored by capital. After several IPOs hit a wall, CMC finally chose to cooperate with Tencent to merge the digital music business. On July 12, 2016, Tencent acquired CMC through a series of transactions. In January 2017, Tencent announced that QQ Music Business and CMC merged to form a new music group and changed its name to Tencent Music Entertainment Group.</p><p>After that, the TME was respectively<a href=\"https://laohu8.com/S/SNE\">Sony</a>Music Entertainment (SME), Universal Music Group (UMG) and<a href=\"https://laohu8.com/S/WMG\">Warner Music</a>Group (EWMG) cooperated to obtain the exclusive streaming media rights in China of these three global music labels, and they have exclusively owned them for a long time. This puts TME far ahead in the competition with NetEase Cloud Music.</p><p>In February 2018, under the impetus of the National Copyright Administration, TME and NetEase Cloud Music reached a copyright cooperation, and the mutually authorized music works must reach 99% of their respective exclusive music works.</p><p>Judging from the figures published in the prospectus in 2018, TME had more than 20 million tracks from more than 200 domestic and foreign music labels at that time, and 1% of them were 200,000 songs. There is still enough room for operation to limit opponents.</p><p>NetEase Cloud Music re-entered into music copyright licensing cooperation with Warner and Universal Music in 2020. On May 18, 2021, NetEase Cloud Music announced that it would<a href=\"https://laohu8.com/S/SONY\">Sony</a>Music Entertainment (SME) has reached a copyright cooperation, which means that NetEase Cloud Music has also obtained the music copyrights of the world's three major record companies. NetEase Cloud Music has since completely broken TME's blockade on top record companies.</p><p>Although the territory owned by TME has been continuously reduced, it still maintains a large number of exclusive content cards, mainly in the following categories: 1) Several top Asian labels, including Modern Sky in mainland China, YG in South Korea and JVR owned by Jay Chou; 2) Several less advantageous Western label companies, such as Cooking Vinyl and Kobalt Music; 3) Music rights to popular TV and network reality shows, such as Youth With You and Creation Camp; 4) New original musicians hatched by the platform.</p><p>As early as TME's listing prospectus, there has been a risk warning on copyright issues, and its revenue model and business transformation seem to prove to the outside world that this entertainment building will not be dumped due to copyright issues. The foundation composed of rich long video content, live broadcast business and social exploration is enough to cope with the advent of risk turmoil.</p><p>In February 2021, the closure of Xiami Music, which has been in operation for 12 years and served over 100 million users, has brought more public and regulatory attention to TME. So far, there are only 3 major practitioners left.</p><p>Exclusive music copyright can no longer become the core competitiveness, and TME has once again enhanced the importance of incubating content.</p><p>On June 25, 2021, Tencent Music Group announced the establishment of a content business line, which is responsible for the overall planning, strategy formulation and overall management of music content-related businesses. On the basis of the original content cooperation department, a musician open platform department, a content studio group, a music cloud business center, a publicity market center, and a list and data product center will be set up.</p><p>Then on July 9th, TME's internal email showed that it announced the adjustment of its business lines and related personnel including QQ Music and Kuwo. In this adjustment, the QQ Music business line will set up a long audio business center, which is responsible for the product research and development of the QQ Music long audio zone; The most profitable business of Cool Music, Juxing Live, will be led by Xie Huan, an executive of Cool Dog Music; The commercialization of my music business line will be handed over to Liu Xiankai, general manager of Tencent Music's commercial advertising department.</p><p>According to the interface news report, an offline director of Kuwo Music said that the long audio business will be separated from Kuwo to form an independent BU, Kuwo's live broadcast business \"Juxing\" will be handed over to Kugou executives, and Kuwo's commercial business will be handed over to the relevant leaders of QQ Music. \"The current trend of (Kuwo) is to split the business and integrate it into other departments to ease policy pressure.\"</p><p><img src=\"https://static.tigerbbs.com/92b94122f6e8fae2bfd4b7f45c1d2891\" tg-width=\"750\" tg-height=\"2592\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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: 12.5px; color: #7E829C; margin: 0;}\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\">\nTencent was ordered to lift the exclusive copyright of music, and users can finally listen to songs well?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086141561\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b02e1edb8fd87972c9239aa3a01b9bc8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">品玩 </p>\n<p class=\"h-time smaller\">2021-07-24 12:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The State Administration for Market Regulation issued an announcement on July 24 to regulate<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>Co., Ltd. ordered to lift the exclusive copyright of online music and other penalties.</p><p><b>A big difference in this punishment is that this case is the first case in which the Anti-Monopoly Law \"takes necessary measures to restore market competition\" for illegally implementing concentration of operators.</b></p><p>Previous anti-monopoly punishment methods were mostly based on \"supplementary punishment\" combination to put forward guiding requirements for the next operation, but this time Tencent clearly listed very specific rectification measures, including which agreements in the contract need to be terminated, and when to complete the termination, etc. In fact, it once again enriches the anti-monopoly law enforcement toolbox.</p><p>According to the State Administration for Market Regulation, in January 2021, according to the report, the State Administration for Market Regulation opened an investigation into Tencent Holdings Co., Ltd. (hereinafter referred to as Tencent) 's acquisition of equity of China Music Group in July 2016 for suspected illegal concentration of operators.</p><p>The investigation shows that the relevant market in this case is the online music playback platform market in China. Genuine music copyright is the core asset and key resource of the operation of online music playing platform. In 2016, Tencent and China Music Group had about 30% and 40% in the relevant market shares, respectively. Tencent gained a higher market share by merging with its main competitors in the market. After concentration, the entity occupied more than 80% of the exclusive music library resources, which may be able to urge the upstream copyright owners to reach more exclusive copyright agreements with them, or require them to be given better trading conditions than their competitors, or raise market entry barriers by paying high advance payment and other copyright payment modes, which has or may have the effect of excluding and restricting competition in the relevant market.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Gone is the rough competitive way of relying on top music copyrights to drive growth and user retention.</p><p>In 2014, QQ Music, which was still a product of Tencent at that time, had already launched an attack on NetEase Cloud Music in terms of copyright. At the end of 2014, QQ Music sued NetEase Cloud Music, claiming that 623 online music pieces such as \"Where Has Time Gone\", which NetEase Cloud Music disseminated to the public without authorization, were suspected of infringement.</p><p>In the end, the Wuhan Intermediate People's Court ruled that NetEase Cloud Music was suspected of infringement, and issued a network ban on NetEase Cloud Music, ordering it to delete relevant content. What users can perceive is that NetEase Cloud Music has more songs that have \"turned gray\". QQ Music, which has tasted the sweetness, has also begun to build its copyright empire.</p><p>A large number of early music copyrights of TME came from the merger of China Music Group (hereinafter referred to as CMC). In the early years, Ocean Music, which had signed a large number of exclusive music copyrights at a low price, successively completed the merger and acquisition of Kuwo Music and Kugou Music, and established a new \"Ocean Music Group\", which was later renamed \"China Music Group\".</p><p>At that time, online music was not favored by capital. After several IPOs hit a wall, CMC finally chose to cooperate with Tencent to merge the digital music business. On July 12, 2016, Tencent acquired CMC through a series of transactions. In January 2017, Tencent announced that QQ Music Business and CMC merged to form a new music group and changed its name to Tencent Music Entertainment Group.</p><p>After that, the TME was respectively<a href=\"https://laohu8.com/S/SNE\">Sony</a>Music Entertainment (SME), Universal Music Group (UMG) and<a href=\"https://laohu8.com/S/WMG\">Warner Music</a>Group (EWMG) cooperated to obtain the exclusive streaming media rights in China of these three global music labels, and they have exclusively owned them for a long time. This puts TME far ahead in the competition with NetEase Cloud Music.</p><p>In February 2018, under the impetus of the National Copyright Administration, TME and NetEase Cloud Music reached a copyright cooperation, and the mutually authorized music works must reach 99% of their respective exclusive music works.</p><p>Judging from the figures published in the prospectus in 2018, TME had more than 20 million tracks from more than 200 domestic and foreign music labels at that time, and 1% of them were 200,000 songs. There is still enough room for operation to limit opponents.</p><p>NetEase Cloud Music re-entered into music copyright licensing cooperation with Warner and Universal Music in 2020. On May 18, 2021, NetEase Cloud Music announced that it would<a href=\"https://laohu8.com/S/SONY\">Sony</a>Music Entertainment (SME) has reached a copyright cooperation, which means that NetEase Cloud Music has also obtained the music copyrights of the world's three major record companies. NetEase Cloud Music has since completely broken TME's blockade on top record companies.</p><p>Although the territory owned by TME has been continuously reduced, it still maintains a large number of exclusive content cards, mainly in the following categories: 1) Several top Asian labels, including Modern Sky in mainland China, YG in South Korea and JVR owned by Jay Chou; 2) Several less advantageous Western label companies, such as Cooking Vinyl and Kobalt Music; 3) Music rights to popular TV and network reality shows, such as Youth With You and Creation Camp; 4) New original musicians hatched by the platform.</p><p>As early as TME's listing prospectus, there has been a risk warning on copyright issues, and its revenue model and business transformation seem to prove to the outside world that this entertainment building will not be dumped due to copyright issues. The foundation composed of rich long video content, live broadcast business and social exploration is enough to cope with the advent of risk turmoil.</p><p>In February 2021, the closure of Xiami Music, which has been in operation for 12 years and served over 100 million users, has brought more public and regulatory attention to TME. So far, there are only 3 major practitioners left.</p><p>Exclusive music copyright can no longer become the core competitiveness, and TME has once again enhanced the importance of incubating content.</p><p>On June 25, 2021, Tencent Music Group announced the establishment of a content business line, which is responsible for the overall planning, strategy formulation and overall management of music content-related businesses. On the basis of the original content cooperation department, a musician open platform department, a content studio group, a music cloud business center, a publicity market center, and a list and data product center will be set up.</p><p>Then on July 9th, TME's internal email showed that it announced the adjustment of its business lines and related personnel including QQ Music and Kuwo. In this adjustment, the QQ Music business line will set up a long audio business center, which is responsible for the product research and development of the QQ Music long audio zone; The most profitable business of Cool Music, Juxing Live, will be led by Xie Huan, an executive of Cool Dog Music; The commercialization of my music business line will be handed over to Liu Xiankai, general manager of Tencent Music's commercial advertising department.</p><p>According to the interface news report, an offline director of Kuwo Music said that the long audio business will be separated from Kuwo to form an independent BU, Kuwo's live broadcast business \"Juxing\" will be handed over to Kugou executives, and Kuwo's commercial business will be handed over to the relevant leaders of QQ Music. \"The current trend of (Kuwo) is to split the business and integrate it into other departments to ease policy pressure.\"</p><p><img src=\"https://static.tigerbbs.com/92b94122f6e8fae2bfd4b7f45c1d2891\" tg-width=\"750\" tg-height=\"2592\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e4cfb506ffb58f1fc2c6e75a4e50dab8","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153002933","content_text":"国家市场监管总局于7月24日发布公告，依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。\n此次处罚的一大不同在于，本案为《反垄断法》对违法实施经营者集中“采取必要措施恢复市场竞争状态”的第一起案件。\n此前的反垄断处罚方式多以“补罚”搭配对接下来的经营提出指导性要求为主，而此次则对腾讯明确列出了非常具体的整改措施，包括合同内哪些协议需要解除，需要在什么时间内完成解除等。事实上再次丰富了反垄断执法工具箱。\n据市场监管总局消息，2021年1月，市场监管总局根据举报，对腾讯控股有限公司（以下简称腾讯）2016年7月收购中国音乐集团股权涉嫌违法实施经营者集中行为立案调查。\n调查表明，本案相关市场为中国境内网络音乐播放平台市场。正版音乐版权是网络音乐播放平台运营的核心资产和关键性资源。2016年腾讯和中国音乐集团在相关市场份额分别为30%和40%左右，腾讯通过与市场主要竞争对手合并，获得较高的市场份额，集中后实体占有的独家曲库资源超过80%，可能有能力促使上游版权方与其达成更多独家版权协议，或要求给予其优于竞争对手的交易条件，也可能有能力通过支付高额预付金等版权付费模式提高市场进入壁垒，对相关市场具有或者可能具有排除、限制竞争效果。\n腾讯音乐靠顶级音乐版权拉动增长和用户留存的粗旷竞争方式一去不复返。\n2014年，彼时还是腾讯旗下产品的QQ音乐，就已经在版权方面对网易云音乐发起进攻。2014年末，QQ音乐曾起诉网易云音乐，称网易云音乐未经授权向公众传播的《时间都去哪了》等623首网络音乐涉嫌侵权行为。\n最终，武汉市中级人民法院判定，网易云音乐涉嫌侵权行为，对网易云音乐发出网络禁令，勒令其删除相关内容。用户能感知到的，就是网易云音乐“变灰”的歌曲多起来了。而尝到甜头的QQ音乐，也开始构建它的版权帝国。\nTME早期大量音乐版权来自于对中国音乐集团的合并（以下简称CMC）。早年已低价签下大量独家音乐版权的海洋音乐，先后完成对酷我音乐和酷狗音乐的并购，并组建起新的“海洋音乐集团”，后改名为“中国音乐集团”。\n当时，在线音乐并不受到资本青睐。在多次IPO碰壁后，CMC最终选择与腾讯合作，将数字音乐业务进行合并。2016年7月12日，腾讯通过一系列交易收购 CMC。2017年1月，腾讯宣布，QQ音乐业务和CMC合并成为新的音乐集团，并更名为腾讯音乐娱乐集团。\n之后，TME分别于索尼音乐娱乐（SME）、环球音乐集团（UMG）和华纳音乐集团（EWMG）合作，获得了这三大全球音乐厂牌的中国独家流媒体版权，并长期独家拥有。这使得TME在与网易云音乐的竞争中遥遥领先。\n2018年2月，在国家版权局的推动下，TME与网易云音乐达成版权合作，相互授权音乐作品需达到各自独家音乐作品数量99%。\n以2018年招股书上公布的数字来看，彼时TME拥有 200 多个国内外音乐厂牌的超过 2000 万首曲目，其1%则为20万首歌曲，这里面依然有足够的操作空间来限制对手。\n网易云音乐于2020年和华纳、环球音乐重新达成音乐版权授权合作。2021年5月18日，网易云音乐宣布与索尼音乐娱乐（SME）达成版权合作，这意味着网易云音乐同时获得了这全球三大唱片公司的音乐版权。网易云音乐也自此完全打破TME对顶级唱片公司的封锁。\n尽管TME所拥有的地盘被不断削减，但其仍保有大量独家内容底牌，主要有以下几类：1）几个亚洲顶级厂牌，包括中国大陆的摩登天空、韩国的YG和周杰伦拥有的JVR；2）几个不太有优势的西方厂牌公司，如Cooking Vinyl和Kobalt Music；3）热门电视和网络真人秀节目的音乐版权，如《青春有你》和《创造营》；4）平台孵化出的新原创音乐人。\n早在TME上市招股书中就已经有对版权问题进行过风险提示，而其营收模式和业务转型也似乎是在向外界证明这座娱乐大厦不会因为版权问题而倾倒，丰富的长视频内容、直播业务和对社交的探索组成的地基，足以应对风险动荡的来临。\n2021年2月，运营12年，服务过亿用户的虾米音乐的关闭，给TME带来了更多公众和监管部门的关注，至此主要从业者仅剩3家。\n独家音乐版权已无法成为核心竞争力，TME再次提升了孵化内容的重要性。\n2021年6月25日，腾讯音乐集团宣布成立内容业务线，负责音乐内容相关业务的整体规划、战略制定和统筹管理。将在原有的内容合作部的基础上成立音乐人开放平台部、内容工作室群、音乐云业务中心、宣推市场中心及榜单和数据产品中心。\n随后的7月9日，TME内部邮件显示，宣布对QQ音乐和酷我在内的业务线和相关人员进行调整。在本次调整中，QQ音乐业务线将成立长音频业务中心，负责QQ音乐长音频专区的产品研发工作；酷我音乐旗下最赚钱的业务“聚星直播”，将交由酷狗音乐的高管谢欢领导；酷我音乐业务线的商业化业务将交给腾讯音乐商业广告部总经理刘宪凯负责。\n据界面新闻报道，酷我音乐线下一位总监表示，将长音频业务从酷我剥离出去组建独立BU，将酷我的直播业务“聚星”交给酷狗高管领导，将酷我商业化业务交给QQ音乐的相关领导负责，“（酷我）现在的趋势就是拆分业务，整合进其它部门，缓解政策压力”。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":263501845352568,"gmtCreate":1705366167310,"gmtModify":1705366170230,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$英伟达(NVDA)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/NVDA\">$英伟达(NVDA)$&nbsp;</a>","text":"$英伟达(NVDA)$","images":[{"img":"https://community-static.tradeup.com/news/149b948246afe860f1b84a1efe2e6473","width":"972","height":"1631"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/263501845352568","isVote":1,"tweetType":1,"viewCount":2817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9902178878,"gmtCreate":1659663766296,"gmtModify":1705428778856,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"🤓","listText":"🤓","text":"🤓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902178878","repostId":"1168440384","repostType":4,"repost":{"id":"1168440384","kind":"news","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":1659609412,"share":"https://ttm.financial/m/news/1168440384?lang=en_US&edition=fundamental","pubTime":"2022-08-04 18:36","market":"us","language":"en","title":"Alibaba Revenue Beats Despite Flat Growth Due to COVID Lockdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1168440384","media":"Reuters","summary":"Aug 4 (Reuters) - China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenu","content":"<html><head></head><body><p>Aug 4 (Reuters) - China&#39;s Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.</p><p>The e-commerce giant&#39;s U.S.- listed shares rose 5% in trading before the bell.</p><p><img src=\"https://static.tigerbbs.com/cde59d3849e98ca139ed7640b2d37a8f\" tg-width=\"830\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>China locked down dozens of cities between April and May as the infectious Omicron variant raged, with cities such as its largest and most cosmopolitan hub of Shanghai facing the harshest curbs that paralyzed intra and inter-city delivery.</p><p>In Shanghai, for instance, households for nearly the whole of April were unable to place orders from Taobao or Ele.me, Alibaba&#39;s e-commerce and food delivery sites, and instead relied on the government and roundabout channels for food and supplies. The delivery situation only slightly eased in May.</p><p>The lockdown lifted on June 1, just in time for China&#39;s annual June 18 shopping festival. However, the festival did little to boost overall business in the quarter.</p><p>&#34;Following a relatively slow April and May, we saw signs of recovery across our businesses in June. Despite near-term challenges, Taobao and Tmall continue to achieve high consumer retention, especially among consumers with higher spending power,&#34; the company said.</p><p>Revenue stood at 205.56 billion yuan ($30.43 billion)in the quarter, compared to analysts&#39; average expectation of 203.19 billion yuan, according to Refinitiv data.</p><p>Net income attributable to ordinary shareholders for the quarter ended June 30 was 22.74 billion yuan, compared to 45.14 billion yuan, a year earlier.</p><p>($1 = 6.7557 Chinese yuan renminbi)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Revenue Beats Despite Flat Growth Due to COVID Lockdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Revenue Beats Despite Flat Growth Due to COVID Lockdown\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\">2022-08-04 18:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 4 (Reuters) - China&#39;s Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.</p><p>The e-commerce giant&#39;s U.S.- listed shares rose 5% in trading before the bell.</p><p><img src=\"https://static.tigerbbs.com/cde59d3849e98ca139ed7640b2d37a8f\" tg-width=\"830\" tg-height=\"619\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>China locked down dozens of cities between April and May as the infectious Omicron variant raged, with cities such as its largest and most cosmopolitan hub of Shanghai facing the harshest curbs that paralyzed intra and inter-city delivery.</p><p>In Shanghai, for instance, households for nearly the whole of April were unable to place orders from Taobao or Ele.me, Alibaba&#39;s e-commerce and food delivery sites, and instead relied on the government and roundabout channels for food and supplies. The delivery situation only slightly eased in May.</p><p>The lockdown lifted on June 1, just in time for China&#39;s annual June 18 shopping festival. However, the festival did little to boost overall business in the quarter.</p><p>&#34;Following a relatively slow April and May, we saw signs of recovery across our businesses in June. Despite near-term challenges, Taobao and Tmall continue to achieve high consumer retention, especially among consumers with higher spending power,&#34; the company said.</p><p>Revenue stood at 205.56 billion yuan ($30.43 billion)in the quarter, compared to analysts&#39; average expectation of 203.19 billion yuan, according to Refinitiv data.</p><p>Net income attributable to ordinary shareholders for the quarter ended June 30 was 22.74 billion yuan, compared to 45.14 billion yuan, a year earlier.</p><p>($1 = 6.7557 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168440384","content_text":"Aug 4 (Reuters) - China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.The e-commerce giant's U.S.- listed shares rose 5% in trading before the bell.China locked down dozens of cities between April and May as the infectious Omicron variant raged, with cities such as its largest and most cosmopolitan hub of Shanghai facing the harshest curbs that paralyzed intra and inter-city delivery.In Shanghai, for instance, households for nearly the whole of April were unable to place orders from Taobao or Ele.me, Alibaba's e-commerce and food delivery sites, and instead relied on the government and roundabout channels for food and supplies. The delivery situation only slightly eased in May.The lockdown lifted on June 1, just in time for China's annual June 18 shopping festival. However, the festival did little to boost overall business in the quarter.\"Following a relatively slow April and May, we saw signs of recovery across our businesses in June. Despite near-term challenges, Taobao and Tmall continue to achieve high consumer retention, especially among consumers with higher spending power,\" the company said.Revenue stood at 205.56 billion yuan ($30.43 billion)in the quarter, compared to analysts' average expectation of 203.19 billion yuan, according to Refinitiv data.Net income attributable to ordinary shareholders for the quarter ended June 30 was 22.74 billion yuan, compared to 45.14 billion yuan, a year earlier.($1 = 6.7557 Chinese yuan renminbi)","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073827423,"gmtCreate":1657328447762,"gmtModify":1676535991388,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073827423","repostId":"1152952897","repostType":4,"isVote":1,"tweetType":1,"viewCount":796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":470393632174328,"gmtCreate":1755879576115,"gmtModify":1755879578056,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/470393632174328","isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":400911169200368,"gmtCreate":1738886409131,"gmtModify":1738886412249,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;","text":"$Palantir Technologies 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03:47","market":"hk","language":"zh","title":"Credit Suisse considers laying off thousands of jobs worldwide, reducing costs by another $1 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2257189720","media":"金融界网站","summary":"瑞信高管们正讨论在全球裁员数千人，这家陷入困境的欧洲银行寻求将整体成本基础再削减10亿美元。　　知情人士透露，上月开始削减亚洲前端部门员工的瑞信考虑实施一项更激进的方案，进一步降低全球雇员人数。　　瑞信发言人称，“我们已经表示过，将在发布第三季度业绩时披露全面战略评估的进展情况，在此之前任何有关潜在结果的报道都是纯属猜测”。","content":"<p><html><head></head><body>Credit Suisse executives are discussing cutting thousands of jobs worldwide as the embattled European lender seeks to cut its overall cost base by another $1 billion.</p><p>According to people familiar with the matter, Credit Suisse, which began cutting employees in its front-end division in Asia last month, is considering implementing a more aggressive plan to further reduce the number of employees worldwide. At the end of June, the bank had a total of 51,410 employees.</p><p>Credit Suisse's Asian investment banking business is reported to have laid off more than 20 employees and lost about 10 bankers in Greater China</p><p>According to people familiar with the matter, Credit Suisse is expected to finalize its plan in the next two months. In addition to trying to reshape its investment banking business, the bank is also studying the inefficiency of its middle and back offices. The options under discussion include thousands of staff cuts over the next few years, and the plans are still preliminary and no final decision has been made, sources said.</p><p>A Credit Suisse spokesman said, \"We have indicated that we will disclose the progress of the comprehensive strategic review when we release the third quarter results. Any reports on potential results before that are pure speculation\".</p><p></body></html></p>","source":"jinrongjie_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>Credit Suisse considers laying off thousands of jobs worldwide, reducing costs by another $1 billion</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nCredit Suisse considers laying off thousands of jobs worldwide, reducing costs by another $1 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金融界网站</strong><span class=\"h-time small\">2022-08-05 03:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Credit Suisse executives are discussing cutting thousands of jobs worldwide as the embattled European lender seeks to cut its overall cost base by another $1 billion.</p><p>According to people familiar with the matter, Credit Suisse, which began cutting employees in its front-end division in Asia last month, is considering implementing a more aggressive plan to further reduce the number of employees worldwide. At the end of June, the bank had a total of 51,410 employees.</p><p>Credit Suisse's Asian investment banking business is reported to have laid off more than 20 employees and lost about 10 bankers in Greater China</p><p>According to people familiar with the matter, Credit Suisse is expected to finalize its plan in the next two months. In addition to trying to reshape its investment banking business, the bank is also studying the inefficiency of its middle and back offices. The options under discussion include thousands of staff cuts over the next few years, and the plans are still preliminary and no final decision has been made, sources said.</p><p>A Credit Suisse spokesman said, \"We have indicated that we will disclose the progress of the comprehensive strategic review when we release the third quarter results. Any reports on potential results before that are pure speculation\".</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://usstock.jrj.com.cn/2022/08/05034736871859.shtml\">金融界网站</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9880d7eec8b534b02eee516222413c4e","relate_stocks":{},"source_url":"http://usstock.jrj.com.cn/2022/08/05034736871859.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2257189720","content_text":"瑞信高管们正讨论在全球裁员数千人，这家陷入困境的欧洲银行寻求将整体成本基础再削减10亿美元。知情人士透露，上月开始削减亚洲前端部门员工的瑞信考虑实施一项更激进的方案，进一步降低全球雇员人数。截至6月末，该行员工总计51,410人。瑞信亚洲投行业务据悉裁员20多人 大中华区失去约10名银行家知情人士透露，预计瑞信将在未来两个月敲定计划，除了努力重塑投行业务外，该行还在研究中后台效率低下问题。消息人士称，正在讨论的方案包括未来几年裁减数千名员工，这些计划仍是初步的，尚未做出最终决定。瑞信发言人称，“我们已经表示过，将在发布第三季度业绩时披露全面战略评估的进展情况，在此之前任何有关潜在结果的报道都是纯属猜测”。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076088047,"gmtCreate":1657760684789,"gmtModify":1676536057605,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076088047","repostId":"2251066949","repostType":4,"repost":{"id":"2251066949","kind":"news","pubTimestamp":1657706393,"share":"https://ttm.financial/m/news/2251066949?lang=en_US&edition=fundamental","pubTime":"2022-07-13 17:59","market":"us","language":"zh","title":"Perspective of Microsoft's business blueprint: Who of the three major sectors can become the \"locomotive\" of the future?","url":"https://stock-news.laohu8.com/highlight/detail?id=2251066949","media":"美股研究社","summary":"微软拥有多个增长引擎，比如，全球第二大云提供商Azure和Microsoft 365。除此之外，Microsoft Teams是世界上最受欢迎的视频会议解决方案之一，每月有超过2.7亿活跃用户；Lin","content":"<p><html><head></head><body><img src=\"https://static.tigerbbs.com/2a44efb9cd60bac764b14d6c066be6d0\" tg-width=\"705\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It has multiple growth engines, such as Azure and Microsoft 365, the world's second largest cloud provider.</p><p>Apart from this, Microsoft Teams is one of the most popular video conferencing solutions in the world, with over 270 million active users per month; LinkedIn is the most popular professional social network in the world, with 310 million active monthly users.</p><p>Microsoft has achieved a rapid revenue growth rate of 15% per year over the past 5 years. However, shares have retreated about 20% since their December 2021 highs.</p><p>This is largely driven by high inflation, a rising interest rate environment, and foreign exchange headwinds and regulatory scrutiny, but for a behemoth like Microsoft, these are like flies in a van.</p><p><b>How to drag the \"behemoth\"?</b></p><p>Microsoft's business model can be divided into three main parts: productivity and business processes;<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Cloud; Personal computing.</p><p><b>1. Productivity and business processes</b></p><p>The productivity suite includes Microsoft Office 365, which has about 345 million paid seats as of the first quarter of 2022. That's a 72% increase from the 200 million paid seats at the start of 2020.</p><p>This growth is driven by the need provided by businesses to provide safe, fast remote work for employees. Microsoft Teams has 270 million monthly active users, making it one of the most popular video conferencing platforms in the world.</p><p>According to reports,<a href=\"https://laohu8.com/S/ZM\">Zoom</a>With 300 million active users daily, so may be slightly ahead, although data on exact users is scarce.</p><p>Additionally, LinkedIn, the world's number one professional social network, which is also part of Microsoft, saw revenue rise of 34% year-over-year, driven by a strong job market.</p><p><b>2. Smart cloud</b></p><p>Microsoft Azure is the second largest cloud provider in the world, with a 21% market share as of Q4 '21.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>The cloud is the largest at 33%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Cloud lags behind the \"Big Two\" with a 10% market share.</p><p><img src=\"https://static.tigerbbs.com/5291d4f74e9b59df2cb5eee4ea57cac5\" tg-width=\"1280\" tg-height=\"1280\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The cloud, the fastest-growing part of Microsoft's business, received a major boost during the pandemic as more businesses underwent \"digital transformation.\"</p><p>The global cloud computing market was worth US $445 billion by 2021 and is expected to grow at a CAGR of 16.3% to nearly US $1 trillion by 2026.</p><p>Microsoft's cloud computing unit has historically grown faster than the industry, achieving a 29% growth rate in the quarter ended March 2022. Azure benefits from economies of scale as one of the top three cloud providers.</p><p>They can deploy compute resources at a lower unit cost, so have a strong moat despite offering what appears to be a commodity (compute resources).</p><p>The \"smart edge\" is also another growth driver, aiming to bring the power of on-premise data centers to Internet of Things (IoT) devices. This will enable a large number of new applications where real-time data transfer is necessary for the experience. For example, regarding 3D live video, artificial intelligence, augmented reality, and metaverse.</p><p><b>3. personal computing</b></p><p>The More Personal Computing Provides a combination of hardware, software, and gaming systems.</p><p>These include connections with<a href=\"https://laohu8.com/S/SNE\">Sony</a>PlayStation and Nintendo competing Microsoft Xbox. PlayStation currently leads the console market with 43%, followed by Nintendo with 37% and Xbox with 20%.</p><p>However, gaming market analysts predict that Xbox will hold 7% of the market by 2026, while PlayStation will lose 4% and Nintendo will lose 3% of the market share.</p><p>Part of this growth is expected to be driven by the Latin American market, where online distribution and cloud gaming are expected to match Xbox's growth.</p><p><img src=\"https://static.tigerbbs.com/dfa149d01c8c1adae67b4a82f2c5fe1f\" tg-width=\"1280\" tg-height=\"1186\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Game Console Market Share Forecast</p><p>Finally, Microsoft also has all the ingredients to make the Metaverse a reality and easily scale mass adoption. Azure cloud services will act as the cost-effective backbone of the technology.</p><p>The VR headset (Microsoft HoloLens) combined with Teams' 370 active monthly users makes it easy to connect to the space.</p><p>Microsoft Acquires Gaming Giant<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>After that, it will be with<a href=\"https://laohu8.com/S/META\">Meta Platforms</a>Waiting for an advantage in the competition of opponents. Meta has huge social networks, but I believe they may be lacking in terms of gaming software.</p><p><img src=\"https://static.tigerbbs.com/fca2055ea424084b2ab1a28442f9f9c5\" tg-width=\"600\" tg-height=\"841\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft's Mesh platform is designed to enable connectivity to \"holographic presence\" and provide organizations with mixed reality experiences to build this \"presence\".</p><p>The virtual reality industry is expected to grow from $16.7 billion in 2022 to more than $227 billion in 2029, representing a compound annual growth rate of 45%.</p><p>In terms of headsets, Meta's Oculus leads the way in VR headsets, accounting for 80% of the market share as of Q4 2021. However, I believe that Microsoft HoloLens can create a huge gap in enterprise and manufacturing.</p><p>With Microsoft HoloLens 2, engineers can overlay information about the machine onto the device itself and view the instructions on the front of the device without searching the manual, according to a recent review of the latest HoloLens vs Oculus.</p><p><b>Revenue rose 18% in the first quarter, and the regulatory cloud still lifted</b></p><p>Microsoft announced strong earnings for the quarter ended March 31, 2022. It generated $49.4 billion in revenue, up 18% year-over-year.</p><p>This revenue growth was driven by the fast-growing cloud business, which grew 26% to $19.1 billion, accounting for 40% of revenue.</p><p>Productivity and business process revenue jumped 17% to $15.8 billion. This is driven by the growth of Office 365 and Dynamics 365. LinkedIn also showed strong growth, with the segment's revenue rising 34%.</p><p>In addition, the \"more personal computing\" segment also grew 11% to $14.5 billion, driven by Windows commercial product revenue and advertising revenue.</p><p><img src=\"https://static.tigerbbs.com/15d442d3aa981f2b1e0665114a465db2\" tg-width=\"1270\" tg-height=\"866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>For the quarter ended March 31, 2022, operating income grew rapidly 19% year-over-year and net income grew 8% to $16.7 billion.</p><p>Diluted earnings per share of $2.22 beat analyst estimates of $0.02 and GAAP growth of 9% year over year.</p><p>Microsoft has an extremely high gross profit margin of 69% and an operating profit margin of 43%, which is significantly higher than the software industry average of 25%. In short, Microsoft is a cash generating machine with high margins and growth.</p><p><img src=\"https://static.tigerbbs.com/03fde4342037d27b499b1efd10a3795f\" tg-width=\"1270\" tg-height=\"866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft has a Fortress balance sheet of $105 billion in cash and short-term investments. They have $48 billion in long-term debt, but only $1.7 billion is short-term debt and therefore manageable.</p><p>In the most recent quarter, Microsoft returned $12.4 billion to shareholders through buybacks and dividends, an increase of 25% compared with the same period last year. At the time of writing, Microsoft is paying 0.93% Dividend, which is not very high, but better than most tech companies that typically don't pay any Dividend at all.</p><p>To value Microsoft, I added the latest financial data to my advanced valuation model, which uses the discounted cash flow valuation method. I forecast revenue growth of 15% next year and 16% over the next 2 to 5 years, in line with analyst estimates.</p><p><img src=\"https://static.tigerbbs.com/908eb33186dfdc82c927f12a52781835\" tg-width=\"1280\" tg-height=\"588\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>I forecast a small increase in operating margin to 46% over the next 5 years as the cloud becomes a large part of revenue and the company is larger.</p><p><img src=\"https://static.tigerbbs.com/ff140cd1ff6517da8584808293829413\" tg-width=\"1280\" tg-height=\"912\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Taking these factors into account, I arrive at a fair value of $294 per share, and the stock is currently trading at about $267 per share, so it is undervalued by about 10%.</p><p>Microsoft's forward P/E is also 25, which is lower than its historical level in 2020. The company's profit margins are also much higher than Amazon's, which in my opinion is a testament to the quality of this business model.</p><p><img src=\"https://static.tigerbbs.com/708e30a0531429f55c8ebdd68ac8b65d\" tg-width=\"1270\" tg-height=\"934\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon's low operating margin gives them an extremely high 56x P/E, which is more expensive than Microsoft, which is trading at 28x P/E.</p><p>Sure, Alphabet's 22x P/E looks cheaper, but the company's revenue is known to be more volatile as advertisers pull ad spend at any sign of a \"recession\" or \"headwind.\" Since Alphabet generates about 90% of its revenue from advertising, they are less diversified than Microsoft.</p><p><img src=\"https://static.tigerbbs.com/1f55df9a426636b3ed5328fa8881bc89\" tg-width=\"1270\" tg-height=\"900\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, all valuations should not ignore risks:</p><p>The proposed $69 billion acquisition of Activision Blizzard has recently come under scrutiny by UK regulators. They announced an investigation to see if the merger will affect competitive dynamics. If the deal doesn't go through, Microsoft will have to pay between $2 billion and $3 billion.</p><p>With a market value of $2 trillion, Microsoft can't really hide it and will inevitably become the main target of antitrust. This perhaps won't be a major issue, but it's still a risk that could affect stock prices in the near term.</p><p>In conclusion, Microsoft is a giant in the tech industry, with the highest profit margins in the industry and multiple growth engines. Dominant professional social networks and one of the \"Big Two\" gaming consoles also help further diversify the giant's revenue risks.</p><p>On top of that, Microsoft is likewise likely to be a leader in metaverse, which increases the possibilities for the future.</p><p></body></html></p>","source":"tencent","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>Perspective of Microsoft's business blueprint: Who of the three major sectors can become the \"locomotive\" of the future?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nPerspective of Microsoft's business blueprint: Who of the three major sectors can become the \"locomotive\" of the future?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">美股研究社</strong><span class=\"h-time small\">2022-07-13 17:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><img src=\"https://static.tigerbbs.com/2a44efb9cd60bac764b14d6c066be6d0\" tg-width=\"705\" tg-height=\"353\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It has multiple growth engines, such as Azure and Microsoft 365, the world's second largest cloud provider.</p><p>Apart from this, Microsoft Teams is one of the most popular video conferencing solutions in the world, with over 270 million active users per month; LinkedIn is the most popular professional social network in the world, with 310 million active monthly users.</p><p>Microsoft has achieved a rapid revenue growth rate of 15% per year over the past 5 years. However, shares have retreated about 20% since their December 2021 highs.</p><p>This is largely driven by high inflation, a rising interest rate environment, and foreign exchange headwinds and regulatory scrutiny, but for a behemoth like Microsoft, these are like flies in a van.</p><p><b>How to drag the \"behemoth\"?</b></p><p>Microsoft's business model can be divided into three main parts: productivity and business processes;<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Cloud; Personal computing.</p><p><b>1. Productivity and business processes</b></p><p>The productivity suite includes Microsoft Office 365, which has about 345 million paid seats as of the first quarter of 2022. That's a 72% increase from the 200 million paid seats at the start of 2020.</p><p>This growth is driven by the need provided by businesses to provide safe, fast remote work for employees. Microsoft Teams has 270 million monthly active users, making it one of the most popular video conferencing platforms in the world.</p><p>According to reports,<a href=\"https://laohu8.com/S/ZM\">Zoom</a>With 300 million active users daily, so may be slightly ahead, although data on exact users is scarce.</p><p>Additionally, LinkedIn, the world's number one professional social network, which is also part of Microsoft, saw revenue rise of 34% year-over-year, driven by a strong job market.</p><p><b>2. Smart cloud</b></p><p>Microsoft Azure is the second largest cloud provider in the world, with a 21% market share as of Q4 '21.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>The cloud is the largest at 33%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Cloud lags behind the \"Big Two\" with a 10% market share.</p><p><img src=\"https://static.tigerbbs.com/5291d4f74e9b59df2cb5eee4ea57cac5\" tg-width=\"1280\" tg-height=\"1280\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The cloud, the fastest-growing part of Microsoft's business, received a major boost during the pandemic as more businesses underwent \"digital transformation.\"</p><p>The global cloud computing market was worth US $445 billion by 2021 and is expected to grow at a CAGR of 16.3% to nearly US $1 trillion by 2026.</p><p>Microsoft's cloud computing unit has historically grown faster than the industry, achieving a 29% growth rate in the quarter ended March 2022. Azure benefits from economies of scale as one of the top three cloud providers.</p><p>They can deploy compute resources at a lower unit cost, so have a strong moat despite offering what appears to be a commodity (compute resources).</p><p>The \"smart edge\" is also another growth driver, aiming to bring the power of on-premise data centers to Internet of Things (IoT) devices. This will enable a large number of new applications where real-time data transfer is necessary for the experience. For example, regarding 3D live video, artificial intelligence, augmented reality, and metaverse.</p><p><b>3. personal computing</b></p><p>The More Personal Computing Provides a combination of hardware, software, and gaming systems.</p><p>These include connections with<a href=\"https://laohu8.com/S/SNE\">Sony</a>PlayStation and Nintendo competing Microsoft Xbox. PlayStation currently leads the console market with 43%, followed by Nintendo with 37% and Xbox with 20%.</p><p>However, gaming market analysts predict that Xbox will hold 7% of the market by 2026, while PlayStation will lose 4% and Nintendo will lose 3% of the market share.</p><p>Part of this growth is expected to be driven by the Latin American market, where online distribution and cloud gaming are expected to match Xbox's growth.</p><p><img src=\"https://static.tigerbbs.com/dfa149d01c8c1adae67b4a82f2c5fe1f\" tg-width=\"1280\" tg-height=\"1186\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Game Console Market Share Forecast</p><p>Finally, Microsoft also has all the ingredients to make the Metaverse a reality and easily scale mass adoption. Azure cloud services will act as the cost-effective backbone of the technology.</p><p>The VR headset (Microsoft HoloLens) combined with Teams' 370 active monthly users makes it easy to connect to the space.</p><p>Microsoft Acquires Gaming Giant<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>After that, it will be with<a href=\"https://laohu8.com/S/META\">Meta Platforms</a>Waiting for an advantage in the competition of opponents. Meta has huge social networks, but I believe they may be lacking in terms of gaming software.</p><p><img src=\"https://static.tigerbbs.com/fca2055ea424084b2ab1a28442f9f9c5\" tg-width=\"600\" tg-height=\"841\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft's Mesh platform is designed to enable connectivity to \"holographic presence\" and provide organizations with mixed reality experiences to build this \"presence\".</p><p>The virtual reality industry is expected to grow from $16.7 billion in 2022 to more than $227 billion in 2029, representing a compound annual growth rate of 45%.</p><p>In terms of headsets, Meta's Oculus leads the way in VR headsets, accounting for 80% of the market share as of Q4 2021. However, I believe that Microsoft HoloLens can create a huge gap in enterprise and manufacturing.</p><p>With Microsoft HoloLens 2, engineers can overlay information about the machine onto the device itself and view the instructions on the front of the device without searching the manual, according to a recent review of the latest HoloLens vs Oculus.</p><p><b>Revenue rose 18% in the first quarter, and the regulatory cloud still lifted</b></p><p>Microsoft announced strong earnings for the quarter ended March 31, 2022. It generated $49.4 billion in revenue, up 18% year-over-year.</p><p>This revenue growth was driven by the fast-growing cloud business, which grew 26% to $19.1 billion, accounting for 40% of revenue.</p><p>Productivity and business process revenue jumped 17% to $15.8 billion. This is driven by the growth of Office 365 and Dynamics 365. LinkedIn also showed strong growth, with the segment's revenue rising 34%.</p><p>In addition, the \"more personal computing\" segment also grew 11% to $14.5 billion, driven by Windows commercial product revenue and advertising revenue.</p><p><img src=\"https://static.tigerbbs.com/15d442d3aa981f2b1e0665114a465db2\" tg-width=\"1270\" tg-height=\"866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>For the quarter ended March 31, 2022, operating income grew rapidly 19% year-over-year and net income grew 8% to $16.7 billion.</p><p>Diluted earnings per share of $2.22 beat analyst estimates of $0.02 and GAAP growth of 9% year over year.</p><p>Microsoft has an extremely high gross profit margin of 69% and an operating profit margin of 43%, which is significantly higher than the software industry average of 25%. In short, Microsoft is a cash generating machine with high margins and growth.</p><p><img src=\"https://static.tigerbbs.com/03fde4342037d27b499b1efd10a3795f\" tg-width=\"1270\" tg-height=\"866\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft has a Fortress balance sheet of $105 billion in cash and short-term investments. They have $48 billion in long-term debt, but only $1.7 billion is short-term debt and therefore manageable.</p><p>In the most recent quarter, Microsoft returned $12.4 billion to shareholders through buybacks and dividends, an increase of 25% compared with the same period last year. At the time of writing, Microsoft is paying 0.93% Dividend, which is not very high, but better than most tech companies that typically don't pay any Dividend at all.</p><p>To value Microsoft, I added the latest financial data to my advanced valuation model, which uses the discounted cash flow valuation method. I forecast revenue growth of 15% next year and 16% over the next 2 to 5 years, in line with analyst estimates.</p><p><img src=\"https://static.tigerbbs.com/908eb33186dfdc82c927f12a52781835\" tg-width=\"1280\" tg-height=\"588\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>I forecast a small increase in operating margin to 46% over the next 5 years as the cloud becomes a large part of revenue and the company is larger.</p><p><img src=\"https://static.tigerbbs.com/ff140cd1ff6517da8584808293829413\" tg-width=\"1280\" tg-height=\"912\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Taking these factors into account, I arrive at a fair value of $294 per share, and the stock is currently trading at about $267 per share, so it is undervalued by about 10%.</p><p>Microsoft's forward P/E is also 25, which is lower than its historical level in 2020. The company's profit margins are also much higher than Amazon's, which in my opinion is a testament to the quality of this business model.</p><p><img src=\"https://static.tigerbbs.com/708e30a0531429f55c8ebdd68ac8b65d\" tg-width=\"1270\" tg-height=\"934\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Amazon's low operating margin gives them an extremely high 56x P/E, which is more expensive than Microsoft, which is trading at 28x P/E.</p><p>Sure, Alphabet's 22x P/E looks cheaper, but the company's revenue is known to be more volatile as advertisers pull ad spend at any sign of a \"recession\" or \"headwind.\" Since Alphabet generates about 90% of its revenue from advertising, they are less diversified than Microsoft.</p><p><img src=\"https://static.tigerbbs.com/1f55df9a426636b3ed5328fa8881bc89\" tg-width=\"1270\" tg-height=\"900\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Of course, all valuations should not ignore risks:</p><p>The proposed $69 billion acquisition of Activision Blizzard has recently come under scrutiny by UK regulators. They announced an investigation to see if the merger will affect competitive dynamics. If the deal doesn't go through, Microsoft will have to pay between $2 billion and $3 billion.</p><p>With a market value of $2 trillion, Microsoft can't really hide it and will inevitably become the main target of antitrust. This perhaps won't be a major issue, but it's still a risk that could affect stock prices in the near term.</p><p>In conclusion, Microsoft is a giant in the tech industry, with the highest profit margins in the industry and multiple growth engines. Dominant professional social networks and one of the \"Big Two\" gaming consoles also help further diversify the giant's revenue risks.</p><p>On top of that, Microsoft is likewise likely to be a leader in metaverse, which increases the possibilities for the future.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202207130920208207e4e6&s=b\">美股研究社</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2a44efb9cd60bac764b14d6c066be6d0","relate_stocks":{"FNGU":"三倍做多FANG+指数ETN-MicroSectors","MSFT":"微软"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202207130920208207e4e6&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2251066949","content_text":"微软拥有多个增长引擎，比如，全球第二大云提供商Azure和Microsoft 365。除此之外，Microsoft Teams是世界上最受欢迎的视频会议解决方案之一，每月有超过2.7亿活跃用户；LinkedIn是世界上最受欢迎的专业社交网络，每月有3.1亿活跃用户。微软在过去 5 年中实现了每年 15% 的快速收入增长率。然而，自 2021 年 12 月的高点以来，股价已回落约 20%。这主要是受高通胀、利率上升环境以及外汇逆风和监管审查的推动，但对于像微软这样的庞然大物来说，这些就像货车上的苍蝇。“庞然大物”如何拖动？微软的商业模式可分为三个主要部分：生产力和业务流程；智能云；个人计算。1.生产力和业务流程生产力套件包括 Microsoft Office 365，截至 2022 年第一季度，该软件拥有约3.45 亿个付费席位。这比 2020 年初的 2 亿个付费席位增长了 72%。这种增长是由企业提供的需求推动的为员工提供安全、快速的远程工作。Microsoft Teams 每月有 2.7 亿活跃用户，这使其成为世界上最受欢迎的视频会议平台之一。据报道， Zoom每天有 3 亿活跃用户，因此可能略微领先，尽管关于确切用户的数据很少。此外，世界排名第一的专业社交网络 LinkedIn 也是微软的一部分，在强劲的就业市场的推动下，收入同比增长 34%。2.智能云Microsoft Azure 是全球第二大云提供商，截至21 年第四季度拥有 21% 的市场份额。亚马逊云是最大的，占 33%，谷歌云以 10% 的市场份额落后于“两大巨头”。云是微软业务中增长最快的部分，随着越来越多的企业经历了“数字化转型”，在大流行期间得到了重大推动。到 2021 年，全球云计算市场价值 4450 亿美元，预计到 2026 年将以 16.3% 的复合年增长率增长至近 1 万亿美元。微软的云计算部门历来增长速度快于行业，截至 3 月的季度实现了 29% 的增长率2022. Azure 作为三大云提供商受益于规模经济。他们可以以较低的单位成本部署计算资源，因此尽管提供看似商品（计算资源）的东西，但仍拥有强大的护城河。“智能边缘”也是另一个增长动力，旨在将本地数据中心的力量带到物联网（物联网）设备上。这将启用大量新应用程序，在这些应用程序中，实时数据传输是体验的必要条件。例如，关于 3D 视频直播、人工智能、增强现实和元界。3.个人计算The More Personal Computing 提供硬件、软件和游戏系统的组合。其中包括与索尼 PlayStation和任天堂竞争的 Microsoft Xbox。PlayStation 目前以 43% 的主机市场份额领先，其次是任天堂，占 37%，Xbox 占 20%。然而，游戏市场分析师预测，到 2026 年，Xbox 将占据 7% 的市场份额，而 PlayStation 将失去 4% 的市场份额，而任天堂则将失去 3% 的市场份额。预计这一增长的一部分将受到拉丁美洲市场的推动，其中在线分销和云游戏预计将与 Xbox 的增长持平。游戏机市场份额预测最后，Microsoft 还拥有使 Metaverse 成为现实并轻松扩展大规模采用的所有要素。Azure 云服务将充当该技术的成本效益骨干。VR 耳机（Microsoft HoloLens）与 Teams 每月 370 名活跃用户相结合，可以轻松连接到空间。微软收购游戏巨头动视暴雪后，将在与 Meta Platforms等对手的竞争中占据优势。Meta 拥有庞大的社交网络，但我相信它们可能在游戏软件方面有所欠缺。微软的 Mesh 平台旨在实现与“全息存在”的连接，并为组织提供混合现实体验，以建立这种“存在感”。预计虚拟现实行业将从 2022 年的 167 亿美元增长到 2029 年的超过 2270 亿美元，复合年增长率高达 45%。在头戴设备方面，Meta 的 Oculus 在 VR 头戴设备领域处于领先地位，截至 2021 年第四季度占据 80% 的市场份额。但是，我相信 Microsoft HoloLens 可以在企业和制造业中创造出巨大的差距。根据最近对最新 HoloLens vs Oculus 的评论，借助 Microsoft HoloLens 2，工程师可以将有关机器的信息叠加到设备本身上，并查看设备前面的说明，而无需搜索手册。一季度收入增长18%，监管阴云未散去微软宣布了截至 2022 年 3 月 31 日的季度的强劲收益。它创造了 494 亿美元的收入，同比增长 18%。这一收入增长是由快速增长的云业务推动的，该业务增长了 26%，达到 191 亿美元，占收入的 40%。生产力和业务流程收入猛增 17%，达到 158 亿美元。这是由 Office 365和 Dynamics 365的增长推动的。LinkedIn 也显示出强劲的增长，该部门的收入增长了 34%。此外，在 Windows 商业产品收入和广告收入的推动下，“更多个人计算”部分也增长了 11%，达到 145 亿美元。截至 2022 年 3 月 31 日的季度，营业收入同比快速增长 19%，净收入增长 8%，达到 167 亿美元。摊薄后每股收益为 2.22 美元，超出分析师预期 0.02 美元，GAAP 同比增长 9%。微软拥有 69% 的极高毛利率和 43% 的营业利润率，大大高于软件行业 25% 的平均水平。简而言之，微软是一台具有高利润和增长的现金产生机器。微软拥有 1050 亿美元现金和短期投资的堡垒资产负债表。他们有 480 亿美元的长期债务，但只有 17 亿美元是短期债务，因此是可控的。在最近一个季度，微软通过回购和分红向股东返还了 124 亿美元，与去年同期相比增长了 25%。在撰写本文时，微软支付了 0.93% 的股息，这不是很高，但比大多数通常根本不支付任何股息的科技公司要好。为了给微软估值，我将最新的财务数据加入了我的高级估值模型，该模型使用贴现现金流估值法。我预测明年收入增长 15%，未来 2 到 5 年增长 16%，与分析师的估计一致。我预测未来 5 年营业利润率将小幅增长至 46%，因为云成为收入的很大一部分并且公司规模更大。考虑到这些因素，我得出的公允价值为每股 294 美元，该股目前的交易价格约为每股 267 美元，因此被低估了约 10%。微软的远期市盈率也为 25，低于 2020 年的历史水平。该公司的利润率也远高于亚马逊，在我看来，这证明了这种商业模式的质量。亚马逊的低营业利润率给他们带来了极高的56倍市盈率，这比以28倍市盈率交易的微软要贵。当然，Alphabet 22倍的市盈率看起来更便宜，但众所周知，该公司的收入波动更大，因为广告商在出现任何“衰退”或“逆风”迹象时就拉动广告支出。由于 Alphabet 约 90% 的收入来自广告，因此它们的多元化程度不如微软。当然，所有的估值都不应该忽视风险：以 690 亿美元收购动视暴雪的提议最近受到了英国监管机构的审查。他们宣布了一项调查，看看合并是否会影响竞争动态。如果交易不通过，微软将不得不支付20 亿至30 亿美元。凭借 2 万亿美元的市值，微软无法真正隐藏，必然成为反垄断的主要目标。这也许不会成为主要问题，但它仍然是一个风险，可能会在短期内影响股价。总之，微软是科技行业的巨头，拥有业内最高的利润率并拥有多个增长引擎。主导的专业社交网络和“两大”游戏机之一也有助于进一步分散这家巨头的收入风险。最重要的是，微软同样有可能成为元宇宙的领导者，这增加了未来的可能性。","news_type":1,"symbols_score_info":{"MSFT":0.9,"FNGU":1}},"isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071181194,"gmtCreate":1657501180518,"gmtModify":1676536014259,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071181194","repostId":"1157461369","repostType":4,"isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047819730,"gmtCreate":1656896329020,"gmtModify":1676535911307,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047819730","repostId":"2248387394","repostType":4,"repost":{"id":"2248387394","kind":"highlight","pubTimestamp":1656742098,"share":"https://ttm.financial/m/news/2248387394?lang=en_US&edition=fundamental","pubTime":"2022-07-02 14:08","market":"us","language":"zh","title":"JPMorgan cuts US economic forecast after consumption data plummets: 'Near recession'","url":"https://stock-news.laohu8.com/highlight/detail?id=2248387394","media":"华尔街见闻","summary":"美国经济正在变得越来越脆弱，在通胀持续不断的背景下，最为重要的数据或许是消费正在变得疲软。美国商务部周四公布的数据显示，5月份消费者支出环比增幅降至0.2%，这是今年最小的月度涨幅，低于预期值0.4%","content":"<p><html><head></head><body>The U.S. economy is becoming increasingly fragile. Against the backdrop of persistent inflation, perhaps the most important data is that consumption is weakening.</p><p>Data released by the U.S. Commerce Department on Thursday showed that,<b>The month-on-month increase in consumer spending fell to 0.2% in May, the smallest monthly increase this year, falling short of estimates of 0.4% and lower than the revised 0.6% in April.</b></p><p><b>After adjusting for inflation, personal consumption expenditures in the United States actually fell by 0.4% month-on-month in May, the first drop this year.</b></p><p>In the face of a lot of data,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Of economists have also begun to lower their expectations for U.S. economic growth.</p><p>The bank lowered its forecast for annualized U.S. gross domestic product growth in the second quarter to 1% from the previous 2.5%, but economists also said that against the backdrop of strong automobile production and falling inflation, the last three months of this year will usher in economic growth of around 1.5%.</p><p><h2>U.S. economy'close to recession '</h2>Michael Feroli, chief U.S. economist at JPMorgan Chase, wrote on Friday:</p><p>Our forecast for the U.S. economy is close to recession levels, which is very dangerous. But at the same time, he also expressed optimism about the next progress of the economy:</p><p>We are still looking forward to economic expansion, partly because employers may not be very happy to lay off employees even in times of weak demand.<h2>The real recession could be next year</h2>In fact, in recent weeks, as the Fed's rate hike has accelerated and inflation has eroded energy's spending power after hitting multi-decade highs, Wall Street analysts have raised their chances of a recession coming.</p><p>Previous articles on Wall Street have mentioned:</p><p><a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>S&P Global Market Intelligence cut its outlook for economic output twice on Thursday, expecting U.S. GDP to contract at an annualized rate of 1.5% in the second quarter ending Thursday. Earlier this week, the agency also expected modest economic growth.<b>At the same time, most analysts still believe that even if a recession is coming, it may not really start until next year.</b></p><p>In addition to analysts' opinions, the Federal Reserve Bank of Atlanta also lowered its model tracking forecast of U.S. GDP in the second quarter to 2.1% on Friday, down 1% from the data on June 30th.</p><p>However, the Atlanta Federal Reserve Bank's data model, known as GDPNow, is also volatile, because the emergence of the pandemic in the past two years has virtually changed the mode of operation of the economy, increasing its unpredictability.</p><p>Of course, in general, it is still more accurate than the consensus expectation of Wall Street analysts.</p><p></body></html></p>","source":"wallstreetcn_api","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>JPMorgan cuts US economic forecast after consumption data plummets: 'Near recession'</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nJPMorgan cuts US economic forecast after consumption data plummets: 'Near recession'\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-07-02 14:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The U.S. economy is becoming increasingly fragile. Against the backdrop of persistent inflation, perhaps the most important data is that consumption is weakening.</p><p>Data released by the U.S. Commerce Department on Thursday showed that,<b>The month-on-month increase in consumer spending fell to 0.2% in May, the smallest monthly increase this year, falling short of estimates of 0.4% and lower than the revised 0.6% in April.</b></p><p><b>After adjusting for inflation, personal consumption expenditures in the United States actually fell by 0.4% month-on-month in May, the first drop this year.</b></p><p>In the face of a lot of data,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Of economists have also begun to lower their expectations for U.S. economic growth.</p><p>The bank lowered its forecast for annualized U.S. gross domestic product growth in the second quarter to 1% from the previous 2.5%, but economists also said that against the backdrop of strong automobile production and falling inflation, the last three months of this year will usher in economic growth of around 1.5%.</p><p><h2>U.S. economy'close to recession '</h2>Michael Feroli, chief U.S. economist at JPMorgan Chase, wrote on Friday:</p><p>Our forecast for the U.S. economy is close to recession levels, which is very dangerous. But at the same time, he also expressed optimism about the next progress of the economy:</p><p>We are still looking forward to economic expansion, partly because employers may not be very happy to lay off employees even in times of weak demand.<h2>The real recession could be next year</h2>In fact, in recent weeks, as the Fed's rate hike has accelerated and inflation has eroded energy's spending power after hitting multi-decade highs, Wall Street analysts have raised their chances of a recession coming.</p><p>Previous articles on Wall Street have mentioned:</p><p><a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>S&P Global Market Intelligence cut its outlook for economic output twice on Thursday, expecting U.S. GDP to contract at an annualized rate of 1.5% in the second quarter ending Thursday. Earlier this week, the agency also expected modest economic growth.<b>At the same time, most analysts still believe that even if a recession is coming, it may not really start until next year.</b></p><p>In addition to analysts' opinions, the Federal Reserve Bank of Atlanta also lowered its model tracking forecast of U.S. GDP in the second quarter to 2.1% on Friday, down 1% from the data on June 30th.</p><p>However, the Atlanta Federal Reserve Bank's data model, known as GDPNow, is also volatile, because the emergence of the pandemic in the past two years has virtually changed the mode of operation of the economy, increasing its unpredictability.</p><p>Of course, in general, it is still more accurate than the consensus expectation of Wall Street analysts.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3663670\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4ecccb954c9a03cd26d576ebec5c96d6","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://wallstreetcn.com/articles/3663670","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248387394","content_text":"美国经济正在变得越来越脆弱，在通胀持续不断的背景下，最为重要的数据或许是消费正在变得疲软。美国商务部周四公布的数据显示，5月份消费者支出环比增幅降至0.2%，这是今年最小的月度涨幅，低于预期值0.4%，也低于4月份修正后的0.6%。经通胀调整后，美国5月个人消费支出实际上环比下降0.4%，为今年首降。在众多数据面前，摩根大通的经济学家也开始下调他们对美国经济增长的预期。这家银行将美国第二季度国内生产总值年化增长的预期从之前的2.5%下调至1%，不过经济学家同时表示，在汽车产量强劲和通胀下降的背景下，本年度的最后三个月将迎来1.5%左右的经济增速。美国经济“接近衰退”摩根大通的首席美国经济学家Michael Feroli周五写道：我们对美国经济的预测已经接近衰退水平，这非常危险。但同时，他也对经济的下一步进展表示了乐观：我们依然期待经济扩张，部分原因是即便在需求疲软时期，雇主可能也不是十分乐意裁员。真正的衰退可能在明年事实上，最近几周以来，由于美联储加息步伐不断加快，同时通胀水平创下数十年来新高后正在不断侵蚀就能的消费能力，华尔街分析师对于衰退来临的预测几率正在提高。华尔街见闻此前文章曾经提及：标普全球市场情报(S&P Global Market Intelligence)周四两次下调了对经济产出的预期，预计截至周四的第二季度美国GDP折合成年率将收缩1.5%，本周早些时候，该机构还预计经济会有小幅增长。同时，大部分分析师仍然认为即便衰退将要到来，但可能也要到明年才会真正开始。在分析师观点之外，亚特兰大联邦储备银行在周五也将其第二季度美国GDP的模型跟踪预测值下调至2.1%，相比6月30日的数据降低了1%。不过，亚特兰大联邦储备银行的数据模型（被称为GDPNow）也是不稳定的，因为过去两年疫情的出现无形中改变了经济运作的模式，增加了其不可预测性。当然，一般情况下，它仍然比华尔街分析师们的一致预期更准确。","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9048669020,"gmtCreate":1656204858960,"gmtModify":1676535783578,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048669020","repostId":"1157442400","repostType":4,"repost":{"id":"1157442400","kind":"news","pubTimestamp":1656204480,"share":"https://ttm.financial/m/news/1157442400?lang=en_US&edition=fundamental","pubTime":"2022-06-26 08:48","market":"fut","language":"zh","title":"Amid numerous crises, the G7 summit is about to be held","url":"https://stock-news.laohu8.com/highlight/detail?id=1157442400","media":"央视新闻","summary":"本次峰会的议题涉及俄乌冲突、气候变化、能源危机、粮食安全、经济复苏等话题。观察人士指出，在俄乌冲突持续升级的背景下，七国集团在此次会议中将面临多年来最严峻的挑战和危机。七国集团峰会即将于6月26日至2","content":"<p><html><head></head><body>The topics of this summit involve topics such as the Russia-Ukraine conflict, climate change, energy crisis, food security, and economic recovery. Observers pointed out that as the conflict between Russia and Ukraine continues to escalate, the Group of Seven will face the most severe challenges and crises in many years at this meeting. The G-7 summit will be held from June 26th to 28th at the Elmau Palace near Munich, the capital of Bavaria, Germany.</p><p>The topics of this summit involve topics such as the Russia-Ukraine conflict, climate change, energy crisis, food security, and economic recovery. Observers pointed out that as the conflict between Russia and Ukraine continues to escalate, the Group of Seven will face the most severe challenges and crises in many years at this meeting.</p><p>According to German media reports, the security cost of this summit is as high as 160 million euros; During the summit, in response to various local protests, Germany will deploy 18,000 police officers between Munich Airport and Elmau Palace.</p><p><b>* rally breaks out in Munich against G7</b></p><p>On the 25th, the day before the opening of the G7 summit, thousands of people held a rally * in Munich, the capital of Bavaria, to protest and boycott the G7 summit.</p><p><b>Headquarters reporter Yu Peng:</b>It's noon in Munich, and a large number of people gathered in the center of Munich. On the eve of the G-7 summit, people called on the most developed industrial countries in the world to take their due responsibilities and take prompt actions on climate change, biodiversity, poverty reduction and hunger reduction.</p><p><img src=\"https://static.tigerbbs.com/93e1514fe34539a9d3039033a2062832\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>On the afternoon of the 25th, many demonstrators waved flags such as \"Oppose the G7\" and \"Save the Climate\" and shouted slogans such as \"Unite to Stop the G7\" at the * in the center of Munich. According to German police estimates, thousands of people participated in the rally that day. Many demonstrators believe that the existence of the G7 not only fails to solve the climate, hunger and other problems that they care about, but has aggravated global chaos and led to regional conflicts.</p><p><img src=\"https://static.tigerbbs.com/b946b75aaeb959713cdfe0d2a873bc8e\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p><b>Demonstrator:</b>The G7 itself is the main problem. They adopt the policy of global expansion, carry out military actions, and control the global market, which is also the main source of wars and civil wars. Seven years ago, 40,000 people protested here against the problems of the G-7, which have not improved at all today.</p><p><img src=\"https://static.tigerbbs.com/a512a3ed7a8859b127cd26754f9ba790\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>It is understood that this * was jointly participated by 15 civil society organizations. During the summit, a number of * demonstrations will be held in many German places to oppose and boycott the G7 summit.</p><p></body></html></p>","source":"YSXW","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>Amid numerous crises, the G7 summit is about to be held</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAmid numerous crises, the G7 summit is about to be held\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">央视新闻</strong><span class=\"h-time small\">2022-06-26 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The topics of this summit involve topics such as the Russia-Ukraine conflict, climate change, energy crisis, food security, and economic recovery. Observers pointed out that as the conflict between Russia and Ukraine continues to escalate, the Group of Seven will face the most severe challenges and crises in many years at this meeting. The G-7 summit will be held from June 26th to 28th at the Elmau Palace near Munich, the capital of Bavaria, Germany.</p><p>The topics of this summit involve topics such as the Russia-Ukraine conflict, climate change, energy crisis, food security, and economic recovery. Observers pointed out that as the conflict between Russia and Ukraine continues to escalate, the Group of Seven will face the most severe challenges and crises in many years at this meeting.</p><p>According to German media reports, the security cost of this summit is as high as 160 million euros; During the summit, in response to various local protests, Germany will deploy 18,000 police officers between Munich Airport and Elmau Palace.</p><p><b>* rally breaks out in Munich against G7</b></p><p>On the 25th, the day before the opening of the G7 summit, thousands of people held a rally * in Munich, the capital of Bavaria, to protest and boycott the G7 summit.</p><p><b>Headquarters reporter Yu Peng:</b>It's noon in Munich, and a large number of people gathered in the center of Munich. On the eve of the G-7 summit, people called on the most developed industrial countries in the world to take their due responsibilities and take prompt actions on climate change, biodiversity, poverty reduction and hunger reduction.</p><p><img src=\"https://static.tigerbbs.com/93e1514fe34539a9d3039033a2062832\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>On the afternoon of the 25th, many demonstrators waved flags such as \"Oppose the G7\" and \"Save the Climate\" and shouted slogans such as \"Unite to Stop the G7\" at the * in the center of Munich. According to German police estimates, thousands of people participated in the rally that day. Many demonstrators believe that the existence of the G7 not only fails to solve the climate, hunger and other problems that they care about, but has aggravated global chaos and led to regional conflicts.</p><p><img src=\"https://static.tigerbbs.com/b946b75aaeb959713cdfe0d2a873bc8e\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p><b>Demonstrator:</b>The G7 itself is the main problem. They adopt the policy of global expansion, carry out military actions, and control the global market, which is also the main source of wars and civil wars. Seven years ago, 40,000 people protested here against the problems of the G-7, which have not improved at all today.</p><p><img src=\"https://static.tigerbbs.com/a512a3ed7a8859b127cd26754f9ba790\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>It is understood that this * was jointly participated by 15 civil society organizations. During the summit, a number of * demonstrations will be held in many German places to oppose and boycott the G7 summit.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=11196620838882266696&toc_style_id=feeds_default&share_to=qq&track_id=1050fd32-6f63-4c35-ab80-c3ad8b65e270\">央视新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/62d1404ed18edb819ab0a0152ad3b0cf","relate_stocks":{"USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF","UGAZ":"三倍做多天然气ETN(VelocityShares)","UNG":"美国天然气基金","SCO":"二倍做空彭博原油指数ETF","DGAZ":"三倍做空天然气ETN(VelocityShares)"},"source_url":"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=11196620838882266696&toc_style_id=feeds_default&share_to=qq&track_id=1050fd32-6f63-4c35-ab80-c3ad8b65e270","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157442400","content_text":"本次峰会的议题涉及俄乌冲突、气候变化、能源危机、粮食安全、经济复苏等话题。观察人士指出，在俄乌冲突持续升级的背景下，七国集团在此次会议中将面临多年来最严峻的挑战和危机。七国集团峰会即将于6月26日至28日在德国巴伐利亚州首府慕尼黑附近的埃尔茂宫召开。本次峰会的议题涉及俄乌冲突、气候变化、能源危机、粮食安全、经济复苏等话题。观察人士指出，在俄乌冲突持续升级的背景下，七国集团在此次会议中将面临多年来最严峻的挑战和危机。据德国媒体报道，本次峰会的安保成本高达1.6亿欧元；峰会期间，为应对当地各种抗议活动，德国将在慕尼黑机场和埃尔茂宫之间部署18000名警察。慕尼黑爆发游行集会 反对七国集团25日，在七国集团峰会开幕前一天，数千人在德国巴伐利亚州首府慕尼黑举行集会游行，抗议并抵制七国集团峰会的召开。总台记者 余鹏：现在是慕尼黑当地的正午，大量民众聚集到慕尼黑市中心，在七国集团峰会即将召开之际，民众呼吁世界上最发达的工业国负起应有的责任，在气候变化、生物多样性、减少贫困和饥饿等方面做出迅速的行动。25日下午，众多示威者挥舞着“反对七国集团”“拯救气候”等旗帜，呼喊着“团结一致阻止七国集团”等口号，在慕尼黑市中心游行。根据德国警方的估计，当天有数千人参与了集会。不少示威者认为，七国集团的存在不仅没能解决他们关心的气候、饥饿等问题，反而加剧了全球混乱，导致地区冲突。示威者：七国集团本身就是主要的问题所在，他们采取全球扩张的政策，实施军事行动，同时控制全球市场，这也是造成战争和内战的主要根源。7年前，4万人在这里抗议七国集团的那些问题到今天完全没有改善。据了解，这次游行由15个民间社会组织共同参与。在峰会期间，德国多地还将举行多场游行示威活动，反对和抵制七国集团峰会。","news_type":1,"symbols_score_info":{"USO":0.9,"NGmain":0.9,"UCO":0.9,"CLmain":0.9,"SCO":0.9,"UNG":0.9,"UGAZ":0.9,"UWTIF":0.9,"DGAZ":0.9,"QMmain":0.9,"QGmain":0.9}},"isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057648459,"gmtCreate":1655513926971,"gmtModify":1676535653886,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057648459","repostId":"2243854891","repostType":4,"repost":{"id":"2243854891","kind":"news","pubTimestamp":1655425130,"share":"https://ttm.financial/m/news/2243854891?lang=en_US&edition=fundamental","pubTime":"2022-06-17 08:18","market":"hk","language":"zh","title":"Taking history as a mirror, how long will the bear market in U.S. stocks last?","url":"https://stock-news.laohu8.com/highlight/detail?id=2243854891","media":"智通财经","summary":"传统上的熊市是指较近期高点下跌20%或以上，这意味着标普500正式进入熊市。美国三大股指中有两个目前处于熊市，市场普遍很关心一个问题：熊市会持续多久?典型熊市的持续时间永远无法提前准确地知道熊市或调整何时会发生，它会持续多久，或指数会下跌多少。然而，“现代”熊市一旦发生，持续的时间往往会更长。如果用这些数据作为路线图，它表明当前的熊市可能会比历史平均水平持续更长时间。","content":"<p><html><head></head><body>It's been a tough year for investors. At the close of U.S. stocks on Monday, June 13, the Dow Jones index and the S&P 500 index fell 17.1% and 21.8% respectively from their all-time highs in January. A traditional bear market is a decline of 20% or more from recent highs, which means the S&P 500 is officially in a bear market.</p><p>Zhitong Finance APP noticed that the Nasdaq Composite Index driven by growth stocks performed even worse. After hitting a record high in November last year, the index has fallen by 32.7%. The decline is actually on par with the Nasdaq's decline during the COVID-19 pandemic plunge in March 2020.</p><p>Two of the three major stock indexes in the United States are currently in a bear market, and the market is generally concerned about a question: How long will the bear market last?</p><p><b>The duration of a typical bear market</b></p><p>It is never possible to know precisely in advance when a bear market or correction will occur, how long it will last, or how much the index will fall. In many cases, it is impossible for the market to predict what factors will cause a crash or correction before it occurs.</p><p>But there's plenty of data out there that will allow investors to make educated guesses about the timing and magnitude of the downside in the Dow, S&P 500 or Nasdaq Composite.</p><p>Since the beginning of 1950, the S&P 500 has experienced 11 bear markets (referring to declines of 20% or more).<img src=\"https://static.tigerbbs.com/5920680b0b5effc080f6cac632f8ff45\" tg-width=\"410\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>On average, a typical bear market takes 388.8 calendar days, or about 1 year and 3 weeks, to bottom out.</p><p><img src=\"https://static.tigerbbs.com/d0583efde2320176bd10dfe2cd3579da\" tg-width=\"692\" tg-height=\"407\" referrerpolicy=\"no-referrer\"/></p><p>While no two bear markets are the same, the previous 20%-plus drop does provide investors with a pretty big clue as to what other investors might expect as the S&P 500 index is mired in a steep decline.</p><p>During the period when Wall Street was \"modern\", the frequency of bear markets declined significantly. Before the mid-1980s, computers were not as common on Wall Street as they are today. Without widespread automation to transmit trading data, it takes time to even spread the news from Wall Street. This allowed rumors and speculation to persist, resulting in six bear markets in just 25 years (1957-1982).</p><p>By comparison, there have been only four bear markets since late 1987 (including the current decline). In modern times, breaking down the information barrier between Wall Street and the general public has been very effective in stopping bear markets.</p><p>However, \"modern\" bear markets, once they occur, tend to last longer. For example, the dot-com bubble has taken nearly 300 days longer than any other bear market since 1950 to hit rock bottom. Meanwhile, the 517-day Great Recession bear market was the longest pullback since 1982 outside of the dot-com bubble.</p><p>If this data is used as a roadmap, it suggests that the current bear market is likely to last longer than the historical average. However, it also means a lengthy bull market could follow.</p><p><b>Three ways to invest in a bear market</b></p><p>When investing in a bear market, there are three strategies to reduce downside exposure and improve long-term return potential.</p><p>First, use the cost averaging method. Cost averaging refers to buying stocks at fixed intervals regardless of price, or buying stocks at specific price points regardless of broader market movements. For investors, it's a way to enter or increase their stake in a company that they think will outperform over time. This is a particularly smart investment strategy as most online brokerages have abandoned commissions and minimum deposit requirements.</p><p>Second, it favors dividend stocks. The companies that distribute Dividend are almost all profitable and have stood the test of time, meaning they have weathered recessions andor massive market pullbacks before. Historically, dividend-paying stocks have performed far better than non-dividend-paying stocks over a long period of time.</p><p>Third, buy defensive stocks, or shares of companies operating in basic needs industries. Companies that provide electricity, water, or waste management provide basic necessities services, and these companies should not be affected by Wall Street volatility. Similarly, consumer goods stocks, which focus on discretionary food and household goods, and healthcare stocks, which are defensive stocks and can outperform when the market plummets.</p><p></body></html></p>","source":"stock_zhitongcaijing","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>Taking history as a mirror, how long will the bear market in U.S. stocks last?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nTaking history as a mirror, how long will the bear market in U.S. stocks last?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2022-06-17 08:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>It's been a tough year for investors. At the close of U.S. stocks on Monday, June 13, the Dow Jones index and the S&P 500 index fell 17.1% and 21.8% respectively from their all-time highs in January. A traditional bear market is a decline of 20% or more from recent highs, which means the S&P 500 is officially in a bear market.</p><p>Zhitong Finance APP noticed that the Nasdaq Composite Index driven by growth stocks performed even worse. After hitting a record high in November last year, the index has fallen by 32.7%. The decline is actually on par with the Nasdaq's decline during the COVID-19 pandemic plunge in March 2020.</p><p>Two of the three major stock indexes in the United States are currently in a bear market, and the market is generally concerned about a question: How long will the bear market last?</p><p><b>The duration of a typical bear market</b></p><p>It is never possible to know precisely in advance when a bear market or correction will occur, how long it will last, or how much the index will fall. In many cases, it is impossible for the market to predict what factors will cause a crash or correction before it occurs.</p><p>But there's plenty of data out there that will allow investors to make educated guesses about the timing and magnitude of the downside in the Dow, S&P 500 or Nasdaq Composite.</p><p>Since the beginning of 1950, the S&P 500 has experienced 11 bear markets (referring to declines of 20% or more).<img src=\"https://static.tigerbbs.com/5920680b0b5effc080f6cac632f8ff45\" tg-width=\"410\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>On average, a typical bear market takes 388.8 calendar days, or about 1 year and 3 weeks, to bottom out.</p><p><img src=\"https://static.tigerbbs.com/d0583efde2320176bd10dfe2cd3579da\" tg-width=\"692\" tg-height=\"407\" referrerpolicy=\"no-referrer\"/></p><p>While no two bear markets are the same, the previous 20%-plus drop does provide investors with a pretty big clue as to what other investors might expect as the S&P 500 index is mired in a steep decline.</p><p>During the period when Wall Street was \"modern\", the frequency of bear markets declined significantly. Before the mid-1980s, computers were not as common on Wall Street as they are today. Without widespread automation to transmit trading data, it takes time to even spread the news from Wall Street. This allowed rumors and speculation to persist, resulting in six bear markets in just 25 years (1957-1982).</p><p>By comparison, there have been only four bear markets since late 1987 (including the current decline). In modern times, breaking down the information barrier between Wall Street and the general public has been very effective in stopping bear markets.</p><p>However, \"modern\" bear markets, once they occur, tend to last longer. For example, the dot-com bubble has taken nearly 300 days longer than any other bear market since 1950 to hit rock bottom. Meanwhile, the 517-day Great Recession bear market was the longest pullback since 1982 outside of the dot-com bubble.</p><p>If this data is used as a roadmap, it suggests that the current bear market is likely to last longer than the historical average. However, it also means a lengthy bull market could follow.</p><p><b>Three ways to invest in a bear market</b></p><p>When investing in a bear market, there are three strategies to reduce downside exposure and improve long-term return potential.</p><p>First, use the cost averaging method. Cost averaging refers to buying stocks at fixed intervals regardless of price, or buying stocks at specific price points regardless of broader market movements. For investors, it's a way to enter or increase their stake in a company that they think will outperform over time. This is a particularly smart investment strategy as most online brokerages have abandoned commissions and minimum deposit requirements.</p><p>Second, it favors dividend stocks. The companies that distribute Dividend are almost all profitable and have stood the test of time, meaning they have weathered recessions andor massive market pullbacks before. Historically, dividend-paying stocks have performed far better than non-dividend-paying stocks over a long period of time.</p><p>Third, buy defensive stocks, or shares of companies operating in basic needs industries. Companies that provide electricity, water, or waste management provide basic necessities services, and these companies should not be affected by Wall Street volatility. Similarly, consumer goods stocks, which focus on discretionary food and household goods, and healthcare stocks, which are defensive stocks and can outperform when the market plummets.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/740067.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/144fcf63ccaceb7d59c371695c704fb3","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QQQ":"纳指100ETF","DJX":"1/100道琼斯","BK4559":"巴菲特持仓","BK4504":"桥水持仓","UDOW":"三倍做多道指30ETF-ProShares","BK4550":"红杉资本持仓","UPRO":"三倍做多标普500ETF-ProShares","DIA":"道琼斯ETF","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","BK4007":"制药","OEX":"标普100","ARTL":"Artelo Biosciences, Inc.","DXD":"两倍做空道琼30指数ETF-ProShares","BK4561":"索罗斯持仓","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","BK4581":"高盛持仓","OEF":"标普100指数ETF-iShares","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index","DOG":"道指ETF-ProShares做空","NDX":"纳斯达克100指数","SDS":"两倍做空标普500 ETF-ProShares","BK4534":"瑞士信贷持仓",".DJI":"道琼斯","03086":"华夏纳指"},"source_url":"http://www.zhitongcaijing.com/content/detail/740067.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2243854891","content_text":"对投资者来说，今年是艰难的一年。6月13日（周一）美股收盘时，道琼斯指数和标普500指数分别较1月份的历史高点下跌了17.1%和21.8%。传统上的熊市是指较近期高点下跌20%或以上，这意味着标普500正式进入熊市。智通财经APP注意到，成长型股票驱动的纳斯达克综合指数表现更差。在去年11月创下历史新高后，该指数已累计下跌32.7%。这一跌幅实际上与纳斯达克指数在2020年3月新冠疫情暴跌期间的跌幅相当。美国三大股指中有两个目前处于熊市，市场普遍很关心一个问题：熊市会持续多久?典型熊市的持续时间永远无法提前准确地知道熊市或调整何时会发生，它会持续多久，或指数会下跌多少。在许多情况下，市场不可能在崩盘或修正发生之前预测什么因素会导致崩盘或修正。但有大量的数据，可以让投资者对道琼斯指数、标准普尔500指数或纳斯达克综合指数下跌的时间和幅度做出有根据的猜测。自1950年初以来，标准普尔500指数已经经历了11次熊市（指的是20%或更大的跌幅）。平均而言，典型的熊市需要388.8个日历日，也就是大约1年零3周的时间才能触底。尽管没有两次熊市是相同的，但之前20%以上的跌幅确实为投资者提供了一个相当大的线索，让投资者知道在标准普尔500指数深陷急剧下跌的情况下，其他投资者可能会做出什么样的预期。在华尔街“现代”的时期，熊市的频率明显下降了。在20世纪80年代中期之前，计算机在华尔街并不像今天这样普遍。没有广泛的自动化传输交易数据，甚至传播来自华尔街的消息都需要时间。这使得谣言和投机持续存在，导致在短短25年(1957-1982年)内出现了6次熊市。相比之下，自1987年底以来(包括目前的下跌)只有四次熊市。在现代社会，打破华尔街和普通大众之间的信息壁垒，已经非常有效地阻止了熊市。然而，“现代”熊市一旦发生，持续的时间往往会更长。例如，自1950年以来，互联网泡沫比其他任何一次熊市都多花了近300天的时间才跌至谷底。与此同时，长达517天的大衰退熊市是1982年以来除互联网泡沫外最长的回调。如果用这些数据作为路线图，它表明当前的熊市可能会比历史平均水平持续更长时间。然而，这也意味着一个漫长的牛市可能随之而来。熊市中投资的三个方法在熊市投资时，有三种策略可以减少下行风险敞口，提高长期回报潜力。首先，使用平均成本法。平均成本法是指在固定的时间间隔内买入股票，而不考虑价格，或者在特定的价格点买入股票，而不考虑大盘走势。对于投资者来说，这是一种进入他们认为随着时间的推移会跑赢大盘的公司或增持其股份的方式。这是一个特别聪明的投资策略，因为大多数在线券商已经放弃了佣金和最低存款要求。第二，倾向于分红股。派发股息的公司几乎都是盈利的，并且经受住了时间的考验，这意味着它们以前已经度过了衰退和/或大规模的市场回调。从历史上看，派息股票在很长一段时间内的表现都远远好于不派息类股票。第三，购买防御性股票，或在基本需求行业运营的公司的股票。提供电力、水或废物管理的公司提供基本的必需品服务，这些公司不应该受到华尔街波动的影响。同样，关注非必需食品和家庭用品的消费品类股，以及医疗保健类股，这些都属于防御型股，在市场暴跌时可以跑赢大盘。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"NDX":0.64,"SDS":0.6,"UPRO":0.6,"IVV":0.6,"SPY":0.9,"SPXU":0.6,"SDOW":0.6,"OEX":0.6,"QQQ":0.67,".DJI":0.83,".SPX":0.6,"SH":0.6,"UDOW":0.6,"ESmain":0.6,"ARTL":0.64,"DXD":0.6,"SSO":0.6,"OEF":0.6,"DIA":0.64,"DJX":0.6,"DOG":0.6,"DDM":0.6,"03086":0.64}},"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095871206,"gmtCreate":1644887231690,"gmtModify":1676533972054,"author":{"id":"3569024945901577","authorId":"3569024945901577","name":"Sochkio","avatar":"https://static.tigerbbs.com/0eda332522c086f2f5a4de481a4859f7","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569024945901577","authorIdStr":"3569024945901577"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095871206","repostId":"2211506776","repostType":4,"repost":{"id":"2211506776","kind":"highlight","pubTimestamp":1644862751,"share":"https://ttm.financial/m/news/2211506776?lang=en_US&edition=fundamental","pubTime":"2022-02-15 02:19","market":"us","language":"zh","title":"AMD Announces Completion of All-Stock Transaction Acquisition of Xilinx","url":"https://stock-news.laohu8.com/highlight/detail?id=2211506776","media":"新浪财经","summary":"AMD官网2月14日发布声明称，AMD今天完成对赛灵思的全股票交易收购。\n　　2020年10月27日，AMD宣布将以全股票交易方式收购全球最大可编程芯片（FPGA）厂商赛灵思，该交易价值高达350亿美元。\n　　赛灵思前首席执行官Victor Peng将加入AMD，担任新成立的自适应和嵌入式计算集团（AECG）总裁。AMD预计此次收购将在第一年对非GAAP利润率、非GAAP每股收益和自由现金流产生影响。\n\n\n集虎卡，开鸿运！最高拆522元惊喜福袋！\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：郭明煜","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/AMD\">AMD</a>The official website issued a statement on February 14 stating that AMD completed today<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>All-stock deal acquisition.</p><p>On October 27, 2020, AMD announced that it would acquire Xilinx, the world's largest programmable chip (FPGA) manufacturer, in an all-stock transaction worth up to US $35 billion.</p><p>Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Adaptive and Embedded Computing Group (AECG). AMD expects the acquisition to have an impact on non-GAAP margins, non-GAAP earnings per share and free cash flow in the first year.</p><p><img src=\"https://static.tigerbbs.com/2b0b2a36eb6e20494183fe07d92c4c42\" tg-width=\"1476\" tg-height=\"893\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","source":"sina_us","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>AMD Announces Completion of All-Stock Transaction Acquisition of Xilinx</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAMD Announces Completion of All-Stock Transaction Acquisition of Xilinx\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2022-02-15 02:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/AMD\">AMD</a>The official website issued a statement on February 14 stating that AMD completed today<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>All-stock deal acquisition.</p><p>On October 27, 2020, AMD announced that it would acquire Xilinx, the world's largest programmable chip (FPGA) manufacturer, in an all-stock transaction worth up to US $35 billion.</p><p>Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Adaptive and Embedded Computing Group (AECG). AMD expects the acquisition to have an impact on non-GAAP margins, non-GAAP earnings per share and free cash flow in the first year.</p><p><img src=\"https://static.tigerbbs.com/2b0b2a36eb6e20494183fe07d92c4c42\" tg-width=\"1476\" tg-height=\"893\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2022-02-14/doc-ikyakumy5943805.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a593d85be38c3aa543ab3056553101ff","relate_stocks":{"BK4515":"5G概念","BK4512":"苹果概念","BK4529":"IDC概念","GFS":"GLOBALFOUNDRIES Inc.","BK4566":"资本集团","AMD":"美国超微公司","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2022-02-14/doc-ikyakumy5943805.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2211506776","content_text":"AMD官网2月14日发布声明称，AMD今天完成对赛灵思的全股票交易收购。2020年10月27日，AMD宣布将以全股票交易方式收购全球最大可编程芯片（FPGA）厂商赛灵思，该交易价值高达350亿美元。赛灵思前首席执行官Victor Peng将加入AMD，担任新成立的自适应和嵌入式计算集团（AECG）总裁。AMD预计此次收购将在第一年对非GAAP利润率、非GAAP每股收益和自由现金流产生影响。","news_type":1,"symbols_score_info":{"XLNX":1,"AMD":1,"GFS":1}},"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}