valentia personal page - To The Moon

valentia

valentia

Value investor.. been more than a year and still learning

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01-23 12:38

$PropNex(OYY.SI)$ Glad I kept this stock ，more upside

2024-07-05

Great learning posts from all of them. Thanks 👍

2023-02-27

$XIAOMI-W(01810)$ what should I do?😲

2024-02-07

$NVIDIA Corp(NVDA)$ No regret for not buying in ..[Miser] . Instead I chose AMD . It's a bagger for me.

2023-02-25

Yes I learned a lot from this letter.

Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills

2023-02-25

Hmmm

Berkshire Hathaway Fourth-Quarter Operating Earnings Fall 8%, Cash Hoard Swells to Nearly $130 Billion

2024-06-10

Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋

2023-03-03

Nice 👍

U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause

2024-01-02

Take me to the moon ❤️

Could SoFi Be a Millionaire-Maker Stock?

2023-02-23

[Call] [Love] baba

Alibaba Beats Quarterly Revenue Estimates As COVID Curbs Ease

2023-03-10

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ anyone can explain what's happening to UOB?😭

2024-08-29

Berkshire Hathaway.

2023-11-20

$Alibaba(09988)$ [Call] [Call] [Call] [Call] [Call]

2023-10-12

Wanna to win some rewards? Lets do it together. Join my team TEAM7cfd2470f4b8ca1e

2023-08-02

Hidden gem

PayPal: A Good Time To Buy

2023-02-26

$Alibaba(09988)$ will it rebound this week?😜

2023-03-23

market down again [Spurting]

Fed Recap: All the Market-Moving Comments From Fed Chair Powell After Rate Hike

2023-03-05

Probably will lose all your retirement fund too 😜

Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade

2023-02-21

Nice 👍

Will Alibaba's Earnings Surprise Again?

2023-02-14

Cheers 🥂

Wall Street Trading Desks Map Out Game Plans for CPI Scenarios

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/OYY.SI\">$PropNex(OYY.SI)$ </a> Glad I kept this stock ，more upside&nbsp;","listText":"<a href=\"https://ttm.financial/S/OYY.SI\">$PropNex(OYY.SI)$ </a> Glad I kept this stock ，more upside&nbsp;","text":"$PropNex(OYY.SI)$ Glad I kept this stock ，more upside","images":[{"img":"https://community-static.tradeup.com/news/060e3b44f5e98ea96f19df413abb3af4","width":"878","height":"1703"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":71,"commentSize":2,"repostSize":32,"link":"https://ttm.financial/post/395594267554424","isVote":1,"tweetType":1,"viewCount":1216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":375232440819752,"gmtCreate":1732613490515,"gmtModify":1732613494520,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"planning&nbsp;to delist it?","listText":"planning&nbsp;to delist it?","text":"planning to delist it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375232440819752","repostId":"2486640010","repostType":2,"repost":{"id":"2486640010","kind":"highlight","pubTimestamp":1732588423,"share":"https://ttm.financial/m/news/2486640010?lang=&edition=fundamental","pubTime":"2024-11-26 10:33","market":"sg","language":"en","title":"Raffles Medical Group Chairman Buys 1 Mil Shares for $861,000","url":"https://stock-news.laohu8.com/highlight/detail?id=2486640010","media":"Ashley Lo","summary":"Following the transaction, Loo’s total stake in the group has risen to 55.554%. \n","content":"<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2a37832a975a97963d83b8c8b27db9eb\" tg-width=\"1200\" tg-height=\"667\"></p><p> Following the transaction, Loo’s total stake in the group has risen to 55.554%.</p><p>Dr Loo Choon Yong, chairman and a substantial shareholder of Raffles Medical Group <code>Bsl</code>, has acquired 1 million shares for $861,000, or 86.1 cents apiece.&nbsp;</p><p>The shares were bought via the market on Nov 22.&nbsp;</p><p>Following the transaction, Loo’s total stake in the group has risen to 55.554% from 55.5% previously.&nbsp;</p><p>Shares in Raffles Medical Group closed 0.5 cents higher, or up 0.58%, at 86.5 cents on Nov 25.&nbsp;</p>","source":"edge_highlight","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>Raffles Medical Group Chairman Buys 1 Mil Shares for $861,000</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRaffles Medical Group Chairman Buys 1 Mil Shares for $861,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/insider-moves/raffles-medical-group-chairman-buys-1-mil-shares-861000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Ashley Lo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Following the transaction, Loo’s total stake in the group has risen to 55.554%.Dr Loo Choon Yong, chairman and a substantial shareholder of Raffles Medical Group Bsl, has acquired 1 million shares for...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/insider-moves/raffles-medical-group-chairman-buys-1-mil-shares-861000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BSL.SI":"莱佛士医疗"},"source_url":"https://www.theedgesingapore.com/news/insider-moves/raffles-medical-group-chairman-buys-1-mil-shares-861000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2486640010","content_text":"Following the transaction, Loo’s total stake in the group has risen to 55.554%.Dr Loo Choon Yong, chairman and a substantial shareholder of Raffles Medical Group Bsl, has acquired 1 million shares for $861,000, or 86.1 cents apiece. The shares were bought via the market on Nov 22. Following the transaction, Loo’s total stake in the group has risen to 55.554% from 55.5% previously. Shares in Raffles Medical Group closed 0.5 cents higher, or up 0.58%, at 86.5 cents on Nov 25.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363300461522952,"gmtCreate":1729739015299,"gmtModify":1729739018946,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Most like drop more than 3%","listText":"Most like drop more than 3%","text":"Most like drop more than 3%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363300461522952","isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343520102064128,"gmtCreate":1724896710859,"gmtModify":1724896714290,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Berkshire Hathaway.","listText":"Berkshire Hathaway.","text":"Berkshire Hathaway.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343520102064128","isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":330548475633824,"gmtCreate":1721705962793,"gmtModify":1721705971136,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"I probably would enter at $200... possible to hit this price in the next few days?","listText":"I probably would enter at $200... possible to hit this price in the next few days?","text":"I probably would enter at $200... possible to hit this price in the next few days?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/330548475633824","repostId":"1108672549","repostType":2,"repost":{"id":"1108672549","kind":"news","pubTimestamp":1721703032,"share":"https://ttm.financial/m/news/1108672549?lang=&edition=fundamental","pubTime":"2024-07-23 10:50","market":"us","language":"en","title":"Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1108672549","media":"Benzinga","summary":"On Monday, Cathie Wood-led Ark Invest made significant trades involving $CrowdStrike Holdings, Inc.(CRWD)$ and  $Tesla Motors(TSLA)$, despite the turbulent market conditions surrounding these companie","content":"<html><head></head><body><p>On Monday, Cathie Wood-led Ark Invest made significant trades involving <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a><strong> </strong>and  <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>, despite the turbulent market conditions surrounding these companies.</p><p style=\"text-align: start;\"><strong>The CrowdStrike Trade</strong></p><p style=\"text-align: start;\">The  <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> <strong> </strong>and  <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internation ETF</a> <strong> </strong>funds bought a total of 20,219 shares of CrowdStrike, valued at approximately $5.34 million based on the closing price of $263.91 on the same day. This move comes despite CrowdStrike’s recent challenges.</p><p style=\"text-align: start;\">CrowdStrike’s shares had been declining following a global IT outage last week, for which the cybersecurity firm has accepted responsibility.</p><p style=\"text-align: start;\">CEO George Kurtz attributed the outage to “a defect found in a single content update” and confirmed it was not a security incident or cyberattack. Despite this, analysts predict the outage could cost over $1 billion, with potential lawsuits and demands for remuneration looming.</p><p>Former hedge fund manager and TV anchor Jim Cramer has praised Crowdstrike’s response to the outage and expressed optimism about the company’s future. He also appreciated Kurtz’ handling of the tech glitch that affected users of Microsoft’s Windows operating system.</p><p style=\"text-align: start;\">“CrowdStrike has unbelievable technology and it was not their technology that was the problem, it was a sloppy update, of which he completely owned,” said Cramer.</p><p style=\"text-align: start;\"><strong>The Tesla Trade</strong></p><p style=\"text-align: start;\">Ark Invest’s ARKW fund sold 14,859 shares of  <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> , valued at approximately $3.74 million based on the closing price of $251.51 on the same day. Ark Invest is typically bullish stance on the Elon Musk-led electric vehicle maker.</p><p style=\"text-align: start;\">Ark Invest has been selling Tesla shares in recent sessions, despite Wood’s optimistic outlook on the company’s potential in the autonomous taxi sector. Wood has a $2,600 target for the EV maker. Tesla is set to report second-quarter earnings on Tuesday.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest’s ARKF fund sold shares of  <a href=\"https://laohu8.com/S/KSPI\">Kaspi.KZ</a> .</p></li><li><p>Ark Invest’s ARKG fund sold shares of  <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc.</a>  and bought shares of  <a href=\"https://laohu8.com/S/TXG\">10x Genomics, Inc.</a>.</p></li><li><p>Ark Invest’s ARKK fund sold shares of Teladoc Health Inc (TDOC) and bought shares of 10X Genomics Inc (TXG).</p></li><li><p>Ark Invest’s ARKQ fund bought shares of  <a href=\"https://laohu8.com/S/OKLO\">Oklo Inc.</a>.</p></li></ul></body></html>","source":"lsy1606299360108","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>Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-23 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/24/07/39897409/cathie-woods-ark-invest-snaps-up-5-3m-in-beaten-down-crowdstrike-shares-dumps-3-7m-worth-of-tesl><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Monday, Cathie Wood-led Ark Invest made significant trades involving CrowdStrike Holdings, Inc. and  Tesla Motors, despite the turbulent market conditions surrounding these companies.The ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/24/07/39897409/cathie-woods-ark-invest-snaps-up-5-3m-in-beaten-down-crowdstrike-shares-dumps-3-7m-worth-of-tesl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/equities/24/07/39897409/cathie-woods-ark-invest-snaps-up-5-3m-in-beaten-down-crowdstrike-shares-dumps-3-7m-worth-of-tesl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108672549","content_text":"On Monday, Cathie Wood-led Ark Invest made significant trades involving CrowdStrike Holdings, Inc. and  Tesla Motors, despite the turbulent market conditions surrounding these companies.The CrowdStrike TradeThe  ARK Fintech Innovation ETF  and  ARK Next Generation Internation ETF  funds bought a total of 20,219 shares of CrowdStrike, valued at approximately $5.34 million based on the closing price of $263.91 on the same day. This move comes despite CrowdStrike’s recent challenges.CrowdStrike’s shares had been declining following a global IT outage last week, for which the cybersecurity firm has accepted responsibility.CEO George Kurtz attributed the outage to “a defect found in a single content update” and confirmed it was not a security incident or cyberattack. Despite this, analysts predict the outage could cost over $1 billion, with potential lawsuits and demands for remuneration looming.Former hedge fund manager and TV anchor Jim Cramer has praised Crowdstrike’s response to the outage and expressed optimism about the company’s future. He also appreciated Kurtz’ handling of the tech glitch that affected users of Microsoft’s Windows operating system.“CrowdStrike has unbelievable technology and it was not their technology that was the problem, it was a sloppy update, of which he completely owned,” said Cramer.The Tesla TradeArk Invest’s ARKW fund sold 14,859 shares of  Tesla Motors , valued at approximately $3.74 million based on the closing price of $251.51 on the same day. Ark Invest is typically bullish stance on the Elon Musk-led electric vehicle maker.Ark Invest has been selling Tesla shares in recent sessions, despite Wood’s optimistic outlook on the company’s potential in the autonomous taxi sector. Wood has a $2,600 target for the EV maker. Tesla is set to report second-quarter earnings on Tuesday.Other Key Trades:Ark Invest’s ARKF fund sold shares of  Kaspi.KZ .Ark Invest’s ARKG fund sold shares of  Teladoc Health Inc.  and bought shares of  10x Genomics, Inc..Ark Invest’s ARKK fund sold shares of Teladoc Health Inc (TDOC) and bought shares of 10X Genomics Inc (TXG).Ark Invest’s ARKQ fund bought shares of  Oklo Inc..","news_type":1},"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325288500879424,"gmtCreate":1720445465288,"gmtModify":1720445468862,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"JPM....way to go. Great job&nbsp;","listText":"JPM....way to go. Great job&nbsp;","text":"JPM....way to go. Great job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325288500879424","isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324174018941008,"gmtCreate":1720173258636,"gmtModify":1720173262921,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Great learning posts from all of them. Thanks 👍&nbsp;","listText":"Great learning posts from all of them. Thanks 👍&nbsp;","text":"Great learning posts from all of them. Thanks 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":49,"commentSize":1,"repostSize":21,"link":"https://ttm.financial/post/324174018941008","isVote":1,"tweetType":1,"viewCount":3777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323341751840944,"gmtCreate":1719971340491,"gmtModify":1719971344139,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"yes the party is back [Miser] [Miser] [Miser]","listText":"yes the party is back [Miser] [Miser] [Miser]","text":"yes the party is back [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323341751840944","isVote":1,"tweetType":1,"viewCount":884,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321967001997520,"gmtCreate":1719636598175,"gmtModify":1719636603043,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Persistence is a skill that is very difficult to master 😉. But it is possible if you constantly keep telling yourself","listText":"Persistence is a skill that is very difficult to master 😉. But it is possible if you constantly keep telling yourself","text":"Persistence is a skill that is very difficult to master 😉. But it is possible if you constantly keep telling yourself","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321967001997520","isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318796928020600,"gmtCreate":1718844715065,"gmtModify":1718844719153,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"pull back on the way, it's over valued. don't chase after it","listText":"pull back on the way, it's over valued. don't chase after it","text":"pull back on the way, it's over valued. don't chase after it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/318796928020600","isVote":1,"tweetType":1,"viewCount":872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315928351440960,"gmtCreate":1718162322308,"gmtModify":1718162326099,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"$70-80 range then I buy in&nbsp;","listText":"$70-80 range then I buy in&nbsp;","text":"$70-80 range then I buy in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/315928351440960","isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315914818179376,"gmtCreate":1718158981930,"gmtModify":1718158986848,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"1. Select fundamental good companies&nbsp; 2. I don't time the time, have a longer time horizon&nbsp; 3. Have standby fund so that I can enter the market when it's low&nbsp; 4.Enter in tranches to be safe&nbsp;","listText":"1. Select fundamental good companies&nbsp; 2. I don't time the time, have a longer time horizon&nbsp; 3. Have standby fund so that I can enter the market when it's low&nbsp; 4.Enter in tranches to be safe&nbsp;","text":"1. Select fundamental good companies 2. I don't time the time, have a longer time horizon 3. Have standby fund so that I can enter the market when it's low 4.Enter in tranches to be safe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315914818179376","isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315193686958328,"gmtCreate":1717982920610,"gmtModify":1717982924577,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","listText":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","text":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/315193686958328","isVote":1,"tweetType":1,"viewCount":1258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313105565253736,"gmtCreate":1717464104710,"gmtModify":1717464108769,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"I used to dream of living in a bungalow, chauffeur driven and traveling all over the world. In order to do that I must study hard and make lots of money. But now I realized that is the wrong method, I must work smart and invest my money in the stock market then my childhood dream will be a reality. Will Tiger help me?","listText":"I used to dream of living in a bungalow, chauffeur driven and traveling all over the world. In order to do that I must study hard and make lots of money. But now I realized that is the wrong method, I must work smart and invest my money in the stock market then my childhood dream will be a reality. Will Tiger help me?","text":"I used to dream of living in a bungalow, chauffeur driven and traveling all over the world. In order to do that I must study hard and make lots of money. But now I realized that is the wrong method, I must work smart and invest my money in the stock market then my childhood dream will be a reality. Will Tiger help me?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/313105565253736","isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":299668624077040,"gmtCreate":1714180801667,"gmtModify":1714180805377,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"I'm still using demo account till this date... good way to test your investment strategies","listText":"I'm still using demo account till this date... good way to test your investment strategies","text":"I'm still using demo account till this date... good way to test your investment strategies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299668624077040","isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":299668044533848,"gmtCreate":1714180563666,"gmtModify":1714180568385,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Demo account is really a good way to kick start your investment journey. When I first started, I put like 20 of them into my watchlist and see which are the ones that grow. I ever tried doing option trading n it's risk free. Even till now I still use demo account to monitor my watchlist.&nbsp; Worth giving it a shot.&nbsp;","listText":"Demo account is really a good way to kick start your investment journey. When I first started, I put like 20 of them into my watchlist and see which are the ones that grow. I ever tried doing option trading n it's risk free. Even till now I still use demo account to monitor my watchlist.&nbsp; Worth giving it a shot.&nbsp;","text":"Demo account is really a good way to kick start your investment journey. When I first started, I put like 20 of them into my watchlist and see which are the ones that grow. I ever tried doing option trading n it's risk free. Even till now I still use demo account to monitor my watchlist. Worth giving it a shot.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/299668044533848","isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271319387410552,"gmtCreate":1707277868376,"gmtModify":1707277871334,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a> No regret for&nbsp;not buying in ..[Miser]&nbsp;.&nbsp;Instead I chose AMD . It's a bagger for me.&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a> No regret for&nbsp;not buying in ..[Miser]&nbsp;.&nbsp;Instead I chose AMD . It's a bagger for me.&nbsp;","text":"$NVIDIA Corp(NVDA)$ No regret for not buying in ..[Miser] . Instead I chose AMD . It's a bagger for me.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/271319387410552","isVote":1,"tweetType":1,"viewCount":784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258620803449032,"gmtCreate":1704173839249,"gmtModify":1704173843288,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Take me to the moon ❤️","listText":"Take me to the moon ❤️","text":"Take me to the moon ❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/258620803449032","repostId":"2395048265","repostType":2,"repost":{"id":"2395048265","kind":"highlight","pubTimestamp":1704172225,"share":"https://ttm.financial/m/news/2395048265?lang=&edition=fundamental","pubTime":"2024-01-02 13:10","market":"us","language":"en","title":"Could SoFi Be a Millionaire-Maker Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2395048265","media":"Motley Fool","summary":"The disruptive fintech could become a much larger bank.","content":"<html><head></head><body><ul style=\"\"><li><p>SoFi has been incredibly successful at growing its business in recent years.</p></li><li><p>Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.</p></li><li><p>With the fintech on track to reach profitability, now could be a great time to invest.</p></li></ul><p>Financial industry disrupter <a href=\"https://laohu8.com/S/SOFI\">SoFi</a> has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. Not only is the fintech a financially stable business and well on the way to profitability, but it has maintained terrific growth momentum, even during the 2022 economic slowdown and the 2023 banking headwinds.</p><p>Although its growth has been fantastic, there&#39;s a solid argument to be made that SoFi is just getting started. Here&#39;s a quick recap of SoFi&#39;s recent numbers, where it stands relative to other banks, and why it could still have plenty of room to grow in the years to come.</p><h2 id=\"id_1984551811\">Massive growth and improving profitability</h2><p>SoFi&#39;s growth trajectory has been stunning, and that&#39;s especially true given that 2023 has featured a tough environment for smaller banks. When a few high-profile regional banks failed during the spring, many depositors started pulling money out of smaller institutions and putting it in big banks.</p><p>Yet during that period and the months that followed, SoFi did a great job of retaining its customers, in part by adding new features and products. For example, it set up a program with other banks that allowed it to offer its depositors up to $2 million in FDIC insurance, rather than the standard $250,000. Not only that, it continued to grow its customer base.</p><p>In fact, SoFi added about 1.3 million new members in the past two reported quarters alone, and its growth rate even accelerated in the third quarter. The Galileo fintech platform posted its largest quarterly member addition since early 2020. Plus, SoFi ended the third quarter with $15.7 billion in customer deposits -- a figure made even more impressive by the fact that SoFi got its banking license in early 2022 and started from zero at that time.</p><p>Not only has its growth been impressive, but profitability is right around the corner. Management has said (and reiterated several times) that the company is expected to achieve GAAP profitability in the fourth quarter of 2023. As the business scales, its cost structure (especially when it comes to customer acquisition) should improve dramatically, and profits should grow quickly.</p><h2 id=\"id_3131511795\">SoFi is still a relatively small bank</h2><p>Although SoFi&#39;s results have certainly been strong, it&#39;s important to put into context just how small it still is. With about $28 billion in assets, SoFi is roughly the size of Simmons Bank or Glacier Bancorp. If you&#39;ve never heard of either of those institutions... well, that&#39;s kind of the point.</p><p>For further context, SoFi is roughly 15% of the size of Ally Financial by asset size, and about 5% of the size of regional banking leader Truist. JPMorgan Chase -- the largest U.S. bank by assets -- is about 120 times the size of SoFi.</p><p>SoFi is not the first fintech company to offer banking products that are superior to those offered by traditional brick-and-mortar banks. There have been online high-yield savings accounts available for decades, just to name one example. But not one other company has been as successful when it comes to becoming an all-in-one banking replacement, and if its momentum continues to build, SoFi could have a lot of room to grow.</p><h2 id=\"id_1591831331\">Could SoFi be a millionaire-maker stock?</h2><p>CEO Anthony Noto recently said that he expects the bank to add at least 1 million new members per quarter in 2024, and quite frankly, the company has a strong history of underpromising and overdelivering. If it can achieve profitability in the fourth quarter and continue to position itself as a true big-bank replacement, SoFi could have a great 2024, and the sky is the limit.</p><p>To be sure, there is a lot of execution risk ahead. After all, if it was easy to disrupt the big banks on a large scale, someone would have done it already. But SoFi&#39;s momentum speaks for itself, and investors who get in at the current level could be handsomely rewarded over the long run.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could SoFi Be a Millionaire-Maker Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould SoFi Be a Millionaire-Maker Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-02 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi has been incredibly successful at growing its business in recent years.Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.With the fintech on track...</p>\n\n<a href=\"https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2395048265","content_text":"SoFi has been incredibly successful at growing its business in recent years.Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.With the fintech on track to reach profitability, now could be a great time to invest.Financial industry disrupter SoFi has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. Not only is the fintech a financially stable business and well on the way to profitability, but it has maintained terrific growth momentum, even during the 2022 economic slowdown and the 2023 banking headwinds.Although its growth has been fantastic, there's a solid argument to be made that SoFi is just getting started. Here's a quick recap of SoFi's recent numbers, where it stands relative to other banks, and why it could still have plenty of room to grow in the years to come.Massive growth and improving profitabilitySoFi's growth trajectory has been stunning, and that's especially true given that 2023 has featured a tough environment for smaller banks. When a few high-profile regional banks failed during the spring, many depositors started pulling money out of smaller institutions and putting it in big banks.Yet during that period and the months that followed, SoFi did a great job of retaining its customers, in part by adding new features and products. For example, it set up a program with other banks that allowed it to offer its depositors up to $2 million in FDIC insurance, rather than the standard $250,000. Not only that, it continued to grow its customer base.In fact, SoFi added about 1.3 million new members in the past two reported quarters alone, and its growth rate even accelerated in the third quarter. The Galileo fintech platform posted its largest quarterly member addition since early 2020. Plus, SoFi ended the third quarter with $15.7 billion in customer deposits -- a figure made even more impressive by the fact that SoFi got its banking license in early 2022 and started from zero at that time.Not only has its growth been impressive, but profitability is right around the corner. Management has said (and reiterated several times) that the company is expected to achieve GAAP profitability in the fourth quarter of 2023. As the business scales, its cost structure (especially when it comes to customer acquisition) should improve dramatically, and profits should grow quickly.SoFi is still a relatively small bankAlthough SoFi's results have certainly been strong, it's important to put into context just how small it still is. With about $28 billion in assets, SoFi is roughly the size of Simmons Bank or Glacier Bancorp. If you've never heard of either of those institutions... well, that's kind of the point.For further context, SoFi is roughly 15% of the size of Ally Financial by asset size, and about 5% of the size of regional banking leader Truist. JPMorgan Chase -- the largest U.S. bank by assets -- is about 120 times the size of SoFi.SoFi is not the first fintech company to offer banking products that are superior to those offered by traditional brick-and-mortar banks. There have been online high-yield savings accounts available for decades, just to name one example. But not one other company has been as successful when it comes to becoming an all-in-one banking replacement, and if its momentum continues to build, SoFi could have a lot of room to grow.Could SoFi be a millionaire-maker stock?CEO Anthony Noto recently said that he expects the bank to add at least 1 million new members per quarter in 2024, and quite frankly, the company has a strong history of underpromising and overdelivering. If it can achieve profitability in the fourth quarter and continue to position itself as a true big-bank replacement, SoFi could have a great 2024, and the sky is the limit.To be sure, there is a lot of execution risk ahead. After all, if it was easy to disrupt the big banks on a large scale, someone would have done it already. But SoFi's momentum speaks for itself, and investors who get in at the current level could be handsomely rewarded over the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243333022126304,"gmtCreate":1700444500141,"gmtModify":1700444503374,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;","text":"$Alibaba(09988)$ [Call] [Call] [Call] [Call] [Call]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243333022126304","isVote":1,"tweetType":1,"viewCount":560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234473139646688,"gmtCreate":1698288050622,"gmtModify":1698288054679,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Is it time to pick up Hong Kong property related stocks now?","listText":"Is it time to pick up Hong Kong property related stocks now?","text":"Is it time to pick up Hong Kong property related stocks now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234473139646688","isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":395594267554424,"gmtCreate":1737607124989,"gmtModify":1737614164782,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OYY.SI\">$PropNex(OYY.SI)$ </a> Glad I kept this stock ，more upside&nbsp;","listText":"<a href=\"https://ttm.financial/S/OYY.SI\">$PropNex(OYY.SI)$ </a> Glad I kept this stock ，more upside&nbsp;","text":"$PropNex(OYY.SI)$ Glad I kept this stock ，more upside","images":[{"img":"https://community-static.tradeup.com/news/060e3b44f5e98ea96f19df413abb3af4","width":"878","height":"1703"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":71,"commentSize":2,"repostSize":32,"link":"https://ttm.financial/post/395594267554424","isVote":1,"tweetType":1,"viewCount":1216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324174018941008,"gmtCreate":1720173258636,"gmtModify":1720173262921,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Great learning posts from all of them. Thanks 👍&nbsp;","listText":"Great learning posts from all of them. Thanks 👍&nbsp;","text":"Great learning posts from all of them. Thanks 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":49,"commentSize":1,"repostSize":21,"link":"https://ttm.financial/post/324174018941008","isVote":1,"tweetType":1,"viewCount":3777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957497330,"gmtCreate":1677471725221,"gmtModify":1677471729009,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$ &nbsp;</a>what should I do?😲","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$ &nbsp;</a>what should I do?😲","text":"$XIAOMI-W(01810)$ what should I do?😲","images":[{"img":"https://community-static.tradeup.com/news/b30a14a1343fc6ce9362518b4b759601","width":"1080","height":"2182"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":41,"commentSize":20,"repostSize":0,"link":"https://ttm.financial/post/9957497330","isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4139793307056662","authorId":"4139793307056662","name":"Anthony Chau","avatar":"https://community-static.tradeup.com/news/b553b4b10d83fffa9244b67ef64d31ad","crmLevel":4,"crmLevelSwitch":0,"idStr":"4139793307056662","authorIdStr":"4139793307056662"},"content":"I was shaken away yesterday, and I lost more than 30,000 yuan. Alas, I can't go back this week","text":"I was shaken away yesterday, and I lost more than 30,000 yuan. Alas, I can't go back this week","html":"I was shaken away yesterday, and I lost more than 30,000 yuan. Alas, I can't go back this week"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":271319387410552,"gmtCreate":1707277868376,"gmtModify":1707277871334,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a> No regret for&nbsp;not buying in ..[Miser]&nbsp;.&nbsp;Instead I chose AMD . It's a bagger for me.&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a> No regret for&nbsp;not buying in ..[Miser]&nbsp;.&nbsp;Instead I chose AMD . It's a bagger for me.&nbsp;","text":"$NVIDIA Corp(NVDA)$ No regret for not buying in ..[Miser] . Instead I chose AMD . It's a bagger for me.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/271319387410552","isVote":1,"tweetType":1,"viewCount":784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957247988,"gmtCreate":1677335555245,"gmtModify":1677335559960,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Yes I learned a lot from this letter.","listText":"Yes I learned a lot from this letter.","text":"Yes I learned a lot from this letter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":33,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957247988","repostId":"1117520516","repostType":2,"repost":{"id":"1117520516","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677334099,"share":"https://ttm.financial/m/news/1117520516?lang=&edition=fundamental","pubTime":"2023-02-25 22:08","market":"us","language":"en","title":"Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills","url":"https://stock-news.laohu8.com/highlight/detail?id=1117520516","media":"Tiger Newspress","summary":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks rais","content":"<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</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>Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-25 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117520516","content_text":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.Berkshire also released its results for 2022 on Saturday.The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.Total revenue rose 9.4% to $302.1 billion.Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.Read the full letter here:To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.Who wouldn’t enjoy working for shareholders like ours?What We DoCharlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.* * * * * * * * * * * *At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.The Secret SauceIn August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.The Past Year in BriefBerkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.* * * * * * * * * * * *A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.And that is a promise we can make.* * * * * * * * * * * *Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.58 Years – and a Few FiguresIn 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&P 500 Index, an elite collection of large and well-known American companies.In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.At Berkshire, there will be no finish line.Some Surprising Facts About Federal TaxesDuring the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.* * * * * * * * * * * *Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”* * * * * * * * * * * *At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.Nothing Beats Having a Great PartnerCharlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.Here are a few of his thoughts, many lifted from a very recent podcast:- The world is full of foolish gamblers, and they will not do as well as the patient investor.- If you don’t see the world the way it is, it’s like judging something through a distorted lens.- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.- You can learn a lot from dead people. Read of the deceased you admire and detest.- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.- A great company keeps working after you are not; a mediocre company won’t do that.- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.- You don’t, however, need to own a lot of things in order to get rich.- You have to keep learning if you want to become a great investor. When the world changes, you must change.- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.* * * * * * * * * * * *I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.A Family Gathering in OmahaCharlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?I know you can’t wait to hear the specifics of last year’s hustle.On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.* * * * * * * * * * * *Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.February 25, 2023 Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957248537,"gmtCreate":1677331371129,"gmtModify":1677331375060,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9957248537","repostId":"1177307200","repostType":2,"repost":{"id":"1177307200","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677330651,"share":"https://ttm.financial/m/news/1177307200?lang=&edition=fundamental","pubTime":"2023-02-25 21:10","market":"us","language":"en","title":"Berkshire Hathaway Fourth-Quarter Operating Earnings Fall 8%, Cash Hoard Swells to Nearly $130 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1177307200","media":"Tiger Newspress","summary":"Berkshire Hathaway’s operating profits fell during the fourth quarter as inflationary pressures weig","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/9027ddd6e6e1a7c4f859db847ded7046\" tg-width=\"929\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Berkshire Hathaway’s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses.</p><p>Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. That’s down 7.9% from the year-earlier period when profits totaled $7.285 billion. Operating earnings refers to the total profits made from the businesses owned by the conglomerate.</p><p>For the year, the conglomerate’s operating earnings totaled $30.793 billion. That’s up 12.2% from $27.455 billion in 2021.</p><p>Meanwhile, Berkshire used $2.855 billion to buy back shares in the fourth quarter. That’s lower than the year-earlier period when share repurchases totaled approximately $6.9 billion.</p><p>Given this, Berkshire’s cash hoard grew to $128.651 billion in the fourth quarter of 2022. That’s up from nearly $109 billion in the third quarter.</p><p>Buffett said in his annual shareholder letter that Berkshire will continue to hold a “boatload” of cash and U.S. Treasury bills along with its myriad of businesses. He specified that future CEOs in the company will use their own money to hold Berkshire shares.</p><p>“As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses,” Buffett wrote.</p><p>“And yes, our shareholders will continue to save and prosper by retaining earnings. At Berkshire, there will be no finish line.”</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>Berkshire Hathaway Fourth-Quarter Operating Earnings Fall 8%, Cash Hoard Swells to Nearly $130 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: 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\">\nBerkshire Hathaway Fourth-Quarter Operating Earnings Fall 8%, Cash Hoard Swells to Nearly $130 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-25 21:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/9027ddd6e6e1a7c4f859db847ded7046\" tg-width=\"929\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Berkshire Hathaway’s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses.</p><p>Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. That’s down 7.9% from the year-earlier period when profits totaled $7.285 billion. Operating earnings refers to the total profits made from the businesses owned by the conglomerate.</p><p>For the year, the conglomerate’s operating earnings totaled $30.793 billion. That’s up 12.2% from $27.455 billion in 2021.</p><p>Meanwhile, Berkshire used $2.855 billion to buy back shares in the fourth quarter. That’s lower than the year-earlier period when share repurchases totaled approximately $6.9 billion.</p><p>Given this, Berkshire’s cash hoard grew to $128.651 billion in the fourth quarter of 2022. That’s up from nearly $109 billion in the third quarter.</p><p>Buffett said in his annual shareholder letter that Berkshire will continue to hold a “boatload” of cash and U.S. Treasury bills along with its myriad of businesses. He specified that future CEOs in the company will use their own money to hold Berkshire shares.</p><p>“As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses,” Buffett wrote.</p><p>“And yes, our shareholders will continue to save and prosper by retaining earnings. At Berkshire, there will be no finish line.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177307200","content_text":"Berkshire Hathaway’s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses.Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. That’s down 7.9% from the year-earlier period when profits totaled $7.285 billion. Operating earnings refers to the total profits made from the businesses owned by the conglomerate.For the year, the conglomerate’s operating earnings totaled $30.793 billion. That’s up 12.2% from $27.455 billion in 2021.Meanwhile, Berkshire used $2.855 billion to buy back shares in the fourth quarter. That’s lower than the year-earlier period when share repurchases totaled approximately $6.9 billion.Given this, Berkshire’s cash hoard grew to $128.651 billion in the fourth quarter of 2022. That’s up from nearly $109 billion in the third quarter.Buffett said in his annual shareholder letter that Berkshire will continue to hold a “boatload” of cash and U.S. Treasury bills along with its myriad of businesses. He specified that future CEOs in the company will use their own money to hold Berkshire shares.“As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses,” Buffett wrote.“And yes, our shareholders will continue to save and prosper by retaining earnings. At Berkshire, there will be no finish line.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570058765891495","authorId":"3570058765891495","name":"PhoenixBee","avatar":"https://community-static.tradeup.com/news/f7bfa4323a9a5dfacc73c8817a4e5e48","crmLevel":5,"crmLevelSwitch":1,"idStr":"3570058765891495","authorIdStr":"3570058765891495"},"content":"I think he lost in 2 stocks of investment previously.. Forgotten which ones.","text":"I think he lost in 2 stocks of investment previously.. Forgotten which ones.","html":"I think he lost in 2 stocks of investment previously.. Forgotten which ones."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315193686958328,"gmtCreate":1717982920610,"gmtModify":1717982924577,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","listText":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","text":"Aiyoh, in Singapore we called them bak chang, in hokkien dialect meaning meat dumplings. My favourite is nonya dumplings, minced meat with pieces of dried sweet winter melon 🤤, very 😋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/315193686958328","isVote":1,"tweetType":1,"viewCount":1258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940894929,"gmtCreate":1677798493162,"gmtModify":1677798496901,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Nice 👍","listText":"Nice 👍","text":"Nice 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":30,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940894929","repostId":"2316960400","repostType":2,"repost":{"id":"2316960400","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1677797923,"share":"https://ttm.financial/m/news/2316960400?lang=&edition=fundamental","pubTime":"2023-03-03 06:58","market":"us","language":"en","title":"U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause","url":"https://stock-news.laohu8.com/highlight/detail?id=2316960400","media":"Reuters","summary":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Wee","content":"<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</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>U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause\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\">2023-03-03 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD",".IXIC":"NASDAQ Composite","OEX":"标普100",".SPX":"S&P 500 Index","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","SANA":"Sana Biotechnology, Inc.","BK4082":"医疗保健设备","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4588":"碎股","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4550":"红杉资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","DXD":"道指两倍做空ETF","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SPXU":"三倍做空标普500ETF","BK4551":"寇图资本持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","DJX":"1/100道琼斯","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4561":"索罗斯持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","SPY":"标普500ETF","UDOW":"道指三倍做多ETF-ProShares","BK4504":"桥水持仓","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","DOG":"道指反向ETF","BK4511":"特斯拉概念","BK4099":"汽车制造商","LU2063271972.USD":"富兰克林创新领域基金","BK4548":"巴美列捷福持仓","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","BK4528":"SaaS概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","SDOW":"道指三倍做空ETF-ProShares","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IVV":"标普500指数ETF","LU1046421795.USD":"富达环球科技A-ACC","CGEM":"Cullinan Therapeutics","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4585":"ETF&股票定投概念","LU1548497426.USD":"安联环球人工智能AT Acc","BK4567":"ESG概念",".DJI":"道琼斯","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316960400","content_text":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Weekly jobless claims fall more than expectedDow up 1.05%, S&P 500 up 0.76%, Nasdaq up 0.73%NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.Bostic said the central bank could be in a position to pause rate hikes sometime this summer.In an argument for quarter-point hikes, Bostic said he favored \"slow and steady\" as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.\"Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,\" said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.\"The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.\"The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.Fed funds futures tied to the Fed's policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.At the closing bell, Fed Governor Christopher Waller said a string of \"hot\" data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed's March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.The S&P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.Salesforce Inc    soared 11.50% to notch its biggest one-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts' estimates and doubled its share buyback to $20 billion.Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team's four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.Macy's Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,Silvergate Capital    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.The S&P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258620803449032,"gmtCreate":1704173839249,"gmtModify":1704173843288,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Take me to the moon ❤️","listText":"Take me to the moon ❤️","text":"Take me to the moon ❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/258620803449032","repostId":"2395048265","repostType":2,"repost":{"id":"2395048265","kind":"highlight","pubTimestamp":1704172225,"share":"https://ttm.financial/m/news/2395048265?lang=&edition=fundamental","pubTime":"2024-01-02 13:10","market":"us","language":"en","title":"Could SoFi Be a Millionaire-Maker Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2395048265","media":"Motley Fool","summary":"The disruptive fintech could become a much larger bank.","content":"<html><head></head><body><ul style=\"\"><li><p>SoFi has been incredibly successful at growing its business in recent years.</p></li><li><p>Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.</p></li><li><p>With the fintech on track to reach profitability, now could be a great time to invest.</p></li></ul><p>Financial industry disrupter <a href=\"https://laohu8.com/S/SOFI\">SoFi</a> has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. Not only is the fintech a financially stable business and well on the way to profitability, but it has maintained terrific growth momentum, even during the 2022 economic slowdown and the 2023 banking headwinds.</p><p>Although its growth has been fantastic, there&#39;s a solid argument to be made that SoFi is just getting started. Here&#39;s a quick recap of SoFi&#39;s recent numbers, where it stands relative to other banks, and why it could still have plenty of room to grow in the years to come.</p><h2 id=\"id_1984551811\">Massive growth and improving profitability</h2><p>SoFi&#39;s growth trajectory has been stunning, and that&#39;s especially true given that 2023 has featured a tough environment for smaller banks. When a few high-profile regional banks failed during the spring, many depositors started pulling money out of smaller institutions and putting it in big banks.</p><p>Yet during that period and the months that followed, SoFi did a great job of retaining its customers, in part by adding new features and products. For example, it set up a program with other banks that allowed it to offer its depositors up to $2 million in FDIC insurance, rather than the standard $250,000. Not only that, it continued to grow its customer base.</p><p>In fact, SoFi added about 1.3 million new members in the past two reported quarters alone, and its growth rate even accelerated in the third quarter. The Galileo fintech platform posted its largest quarterly member addition since early 2020. Plus, SoFi ended the third quarter with $15.7 billion in customer deposits -- a figure made even more impressive by the fact that SoFi got its banking license in early 2022 and started from zero at that time.</p><p>Not only has its growth been impressive, but profitability is right around the corner. Management has said (and reiterated several times) that the company is expected to achieve GAAP profitability in the fourth quarter of 2023. As the business scales, its cost structure (especially when it comes to customer acquisition) should improve dramatically, and profits should grow quickly.</p><h2 id=\"id_3131511795\">SoFi is still a relatively small bank</h2><p>Although SoFi&#39;s results have certainly been strong, it&#39;s important to put into context just how small it still is. With about $28 billion in assets, SoFi is roughly the size of Simmons Bank or Glacier Bancorp. If you&#39;ve never heard of either of those institutions... well, that&#39;s kind of the point.</p><p>For further context, SoFi is roughly 15% of the size of Ally Financial by asset size, and about 5% of the size of regional banking leader Truist. JPMorgan Chase -- the largest U.S. bank by assets -- is about 120 times the size of SoFi.</p><p>SoFi is not the first fintech company to offer banking products that are superior to those offered by traditional brick-and-mortar banks. There have been online high-yield savings accounts available for decades, just to name one example. But not one other company has been as successful when it comes to becoming an all-in-one banking replacement, and if its momentum continues to build, SoFi could have a lot of room to grow.</p><h2 id=\"id_1591831331\">Could SoFi be a millionaire-maker stock?</h2><p>CEO Anthony Noto recently said that he expects the bank to add at least 1 million new members per quarter in 2024, and quite frankly, the company has a strong history of underpromising and overdelivering. If it can achieve profitability in the fourth quarter and continue to position itself as a true big-bank replacement, SoFi could have a great 2024, and the sky is the limit.</p><p>To be sure, there is a lot of execution risk ahead. After all, if it was easy to disrupt the big banks on a large scale, someone would have done it already. But SoFi&#39;s momentum speaks for itself, and investors who get in at the current level could be handsomely rewarded over the long run.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could SoFi Be a Millionaire-Maker Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould SoFi Be a Millionaire-Maker Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-02 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi has been incredibly successful at growing its business in recent years.Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.With the fintech on track...</p>\n\n<a href=\"https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://www.fool.com/investing/2023/12/31/could-sofi-be-a-millionaire-maker-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2395048265","content_text":"SoFi has been incredibly successful at growing its business in recent years.Despite the impressive progress it has already made, SoFi could still have tremendous room to grow.With the fintech on track to reach profitability, now could be a great time to invest.Financial industry disrupter SoFi has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. Not only is the fintech a financially stable business and well on the way to profitability, but it has maintained terrific growth momentum, even during the 2022 economic slowdown and the 2023 banking headwinds.Although its growth has been fantastic, there's a solid argument to be made that SoFi is just getting started. Here's a quick recap of SoFi's recent numbers, where it stands relative to other banks, and why it could still have plenty of room to grow in the years to come.Massive growth and improving profitabilitySoFi's growth trajectory has been stunning, and that's especially true given that 2023 has featured a tough environment for smaller banks. When a few high-profile regional banks failed during the spring, many depositors started pulling money out of smaller institutions and putting it in big banks.Yet during that period and the months that followed, SoFi did a great job of retaining its customers, in part by adding new features and products. For example, it set up a program with other banks that allowed it to offer its depositors up to $2 million in FDIC insurance, rather than the standard $250,000. Not only that, it continued to grow its customer base.In fact, SoFi added about 1.3 million new members in the past two reported quarters alone, and its growth rate even accelerated in the third quarter. The Galileo fintech platform posted its largest quarterly member addition since early 2020. Plus, SoFi ended the third quarter with $15.7 billion in customer deposits -- a figure made even more impressive by the fact that SoFi got its banking license in early 2022 and started from zero at that time.Not only has its growth been impressive, but profitability is right around the corner. Management has said (and reiterated several times) that the company is expected to achieve GAAP profitability in the fourth quarter of 2023. As the business scales, its cost structure (especially when it comes to customer acquisition) should improve dramatically, and profits should grow quickly.SoFi is still a relatively small bankAlthough SoFi's results have certainly been strong, it's important to put into context just how small it still is. With about $28 billion in assets, SoFi is roughly the size of Simmons Bank or Glacier Bancorp. If you've never heard of either of those institutions... well, that's kind of the point.For further context, SoFi is roughly 15% of the size of Ally Financial by asset size, and about 5% of the size of regional banking leader Truist. JPMorgan Chase -- the largest U.S. bank by assets -- is about 120 times the size of SoFi.SoFi is not the first fintech company to offer banking products that are superior to those offered by traditional brick-and-mortar banks. There have been online high-yield savings accounts available for decades, just to name one example. But not one other company has been as successful when it comes to becoming an all-in-one banking replacement, and if its momentum continues to build, SoFi could have a lot of room to grow.Could SoFi be a millionaire-maker stock?CEO Anthony Noto recently said that he expects the bank to add at least 1 million new members per quarter in 2024, and quite frankly, the company has a strong history of underpromising and overdelivering. If it can achieve profitability in the fourth quarter and continue to position itself as a true big-bank replacement, SoFi could have a great 2024, and the sky is the limit.To be sure, there is a lot of execution risk ahead. After all, if it was easy to disrupt the big banks on a large scale, someone would have done it already. But SoFi's momentum speaks for itself, and investors who get in at the current level could be handsomely rewarded over the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957812892,"gmtCreate":1677155650916,"gmtModify":1677155654171,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"[Call]&nbsp;[Love]&nbsp;baba","listText":"[Call]&nbsp;[Love]&nbsp;baba","text":"[Call] [Love] baba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":24,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957812892","repostId":"1177442073","repostType":4,"repost":{"id":"1177442073","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":1677152236,"share":"https://ttm.financial/m/news/1177442073?lang=&edition=fundamental","pubTime":"2023-02-23 19:37","market":"us","language":"en","title":"Alibaba Beats Quarterly Revenue Estimates As COVID Curbs Ease","url":"https://stock-news.laohu8.com/highlight/detail?id=1177442073","media":"Reuters","summary":"Feb 23 (Reuters) - Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thur","content":"<html><head></head><body><p>Feb 23 (Reuters) - Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefited from the country easing COVID-19 curbs.</p><p>The company has weathered a weak economy in China, which only last December lifted its zero-Covid policy after three years.</p><p>Revenue rose 2% to 247.76 billion yuan ($35.92 billion) for the three months ended Dec. 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.</p><p>China&#39;s total retail sales contracted 1.8% in December, while its economy grew 3% in the full year 2022, one of its worst growth rates in nearly half a century.</p><p>Net income attributable to ordinary shareholders was 46.82 billion yuan, up from 27.69 billion yuan in the same quarter one year ago.</p><p>($1 = 6.8985 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 Beats Quarterly Revenue Estimates As COVID Curbs Ease</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Beats Quarterly Revenue Estimates As COVID Curbs Ease\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\">2023-02-23 19:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 23 (Reuters) - Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefited from the country easing COVID-19 curbs.</p><p>The company has weathered a weak economy in China, which only last December lifted its zero-Covid policy after three years.</p><p>Revenue rose 2% to 247.76 billion yuan ($35.92 billion) for the three months ended Dec. 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.</p><p>China&#39;s total retail sales contracted 1.8% in December, while its economy grew 3% in the full year 2022, one of its worst growth rates in nearly half a century.</p><p>Net income attributable to ordinary shareholders was 46.82 billion yuan, up from 27.69 billion yuan in the same quarter one year ago.</p><p>($1 = 6.8985 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177442073","content_text":"Feb 23 (Reuters) - Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefited from the country easing COVID-19 curbs.The company has weathered a weak economy in China, which only last December lifted its zero-Covid policy after three years.Revenue rose 2% to 247.76 billion yuan ($35.92 billion) for the three months ended Dec. 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.China's total retail sales contracted 1.8% in December, while its economy grew 3% in the full year 2022, one of its worst growth rates in nearly half a century.Net income attributable to ordinary shareholders was 46.82 billion yuan, up from 27.69 billion yuan in the same quarter one year ago.($1 = 6.8985 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949137572,"gmtCreate":1678422508896,"gmtModify":1678422513293,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$ &nbsp;</a>anyone can explain what's happening to UOB?😭","listText":"<a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$ &nbsp;</a>anyone can explain what's happening to UOB?😭","text":"$UNITED OVERSEAS BANK LIMITED(U11.SI)$ anyone can explain what's happening to UOB?😭","images":[{"img":"https://community-static.tradeup.com/news/e08d5591a5451c4d7f6bed027cf03ddc","width":"1080","height":"2182"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/9949137572","isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4088247795049920","authorId":"4088247795049920","name":"Wai Hong","avatar":"https://static.tigerbbs.com/e7710b70b68b33532687ac65fc65f96d","crmLevel":3,"crmLevelSwitch":1,"idStr":"4088247795049920","authorIdStr":"4088247795049920"},"content":"Not only Dahua, but also Bank of America fell, but it was an opportunity","text":"Not only Dahua, but also Bank of America fell, but it was an opportunity","html":"Not only Dahua, but also Bank of America fell, but it was an opportunity"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343520102064128,"gmtCreate":1724896710859,"gmtModify":1724896714290,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Berkshire Hathaway.","listText":"Berkshire Hathaway.","text":"Berkshire Hathaway.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343520102064128","isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243333022126304,"gmtCreate":1700444500141,"gmtModify":1700444503374,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;[Call]&nbsp;&nbsp;","text":"$Alibaba(09988)$ [Call] [Call] [Call] [Call] [Call]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243333022126304","isVote":1,"tweetType":1,"viewCount":560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229521837568056,"gmtCreate":1697077391851,"gmtModify":1697252023122,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Wanna to win some rewards? Lets do it together. Join my team TEAM7cfd2470f4b8ca1e","listText":"Wanna to win some rewards? Lets do it together. Join my team TEAM7cfd2470f4b8ca1e","text":"Wanna to win some rewards? Lets do it together. Join my team TEAM7cfd2470f4b8ca1e","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229521837568056","isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":204507126911168,"gmtCreate":1690961868653,"gmtModify":1690961872364,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Hidden gem","listText":"Hidden gem","text":"Hidden gem","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204507126911168","repostId":"2356940725","repostType":2,"repost":{"id":"2356940725","kind":"highlight","pubTimestamp":1690956372,"share":"https://ttm.financial/m/news/2356940725?lang=&edition=fundamental","pubTime":"2023-08-02 14:06","market":"us","language":"en","title":"PayPal: A Good Time To Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=2356940725","media":"Seeking Alpha","summary":"Justin Sullivan The evolving dynamics of PayPal Holdings, Inc.(NASDAQ:PYPL)'s stock performance paint a complex image, oscillating between the worries induced by its recent dip and the hopeful outlook","content":"<html><head></head><body><h2 id=\"id_3524386686\" style=\"text-align: left;\">Summary</h2><ul><li><p>PayPal&#39;s stock price has experienced a significant decline, but its fundamentals and position in the fintech industry offer potential for growth.</p></li><li><p>Technical analysis suggests that PayPal&#39;s stock price is currently trading at a long-term support level, indicating a potential uptrend.</p></li><li><p>The price is presently breaching the triangle formation, which suggests a potential surge in PayPal&#39;s value.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f306c85a94b5cf5cd5069132b6e4f0df\" alt=\"Justin Sullivan\" title=\"Justin Sullivan\" tg-width=\"750\" tg-height=\"500\"/><span>Justin Sullivan</span></p><p>The evolving dynamics of <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings, Inc.(NASDAQ:PYPL)&#39;s stock performance paint a complex image, oscillating between the worries induced by its recent dip and the hopeful outlook arising from the company&#39;s robust fundamentals and strategic standing in the fintech industry. This article dives deep into the forces behind PayPal&#39;s recent downturn, the state of its core business, and the prospects of its future performance, based on technical analysis. The observation reveals that PayPal&#39;s stock price is currently trading at its long-term support and breaking free from a triangle pattern, signaling a potential uptrend.</p><h2 id=\"id_323937696\">A Study of Resilience and Potential Growth</h2><p>The recent downward trend in PayPal&#39;s share prices and a slowdown in earnings have raised caution among investors. However, when one takes a broader view of the company&#39;s evolution and future prospects, the situation appears less bleak. The current value of PayPal shares, trading at a substantial discount of over 70% from the peak, could represent a noteworthy investment prospect. It&#39;s crucial to remember, of course, that investing always carries risk, and theoretically, any stock can decline to zero. But by deciphering the causes behind PayPal&#39;s downward shift and evaluating its core business health, a more accurate evaluation can be made of its future performance.</p><p>The decline in PayPal&#39;s stock price was primarily attributed to several factors. Firstly, PayPal set optimistic forecasts for its user growth, which unfortunately did not materialize as expected. The Covid-19 pandemic acted as a powerful driving force, adding around 73 million active users to PayPal&#39;s base in 2020 and propelling the total user count to 377 million by year&#39;s end. This robust performance amid the pandemic led CEO Dan Schulman to forecast a surge in PayPal&#39;s user base to 750 million by the close of 2025. However, user growth began to decelerate, with the addition of only 49 million users in 2021 and a mere 9 million in 2022. This slowdown stirred apprehension among investors, deterring further investments in PayPal and causing its stock price to dip. Yet, the user growth observed in 2023 presents a remarkable upturn, signaling a bullish future outlook. Secondly, the company&#39;s earnings momentarily dipped into negative territory last year as seen in the chart below. This fall was observed after a significant spike during the lockdowns induced by the Covid-19 pandemic. Despite these setbacks, PayPal&#39;s underlying business potential remains strong. Currently, PayPal shares are available at just 15 times the company management&#39;s earnings estimate for 2023. This valuation appears attractive, considering the projected revenue and earnings growth of the company.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b46b06166ca00dc111b8eb3e6c02675\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><p>PayPal&#39;s strength lies in its wide user base and its competitive positioning in the fintech industry. Although there&#39;s a surge of agile fintech start-ups, PayPal has the advantage of being a well-established and popular platform with both merchants and consumers. Furthermore, the steady increase in transaction volume and usage of the platform by existing users reflects the firm&#39;s robustness. PayPal has also attracted the attention of Elliott Investment Management, which recently opened a $2 billion stake in the company, indicating a degree of confidence in the fintech&#39;s future prospects.</p><p>PayPal, currently having a PE ratio of 31.35 and a PS ratio of 3, is near its lowest valuation since its debut in the public market. PayPal&#39;s resilience and potential for growth are enhanced not only by its current low valuation but also by its network effects, similar to those observed in <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V) or Discover Financial Services (DFS).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ec1a41bf26b48dbbb868d7a4d72b1f2\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"447\"/><span>Data by YCharts</span></p><p>Moreover, Microsoft Corporation (MSFT)&#39;s announcement to integrate more PayPal financing options, including PayPal&#39;s Pay Later and Venmo services, represents a bullish implication for PayPal. This expansion, reaching across multiple countries, strengthens the 16-year partnership between PayPal and Microsoft, further bolstering PayPal&#39;s user base and transaction volume. The introduction of installment payments and split payments upon purchase further diversifies PayPal&#39;s service offerings, potentially attracting new customers and driving revenue growth.</p><h2 id=\"id_3970098583\">Exploring Investment Opportunities Through Bottom Formation</h2><p>The technical analysis of PayPal, as illustrated in the monthly chart below, underscores that the market is currently trading at a vital long-term support level, indicating a potential for a strong rebound. This long-term support line, shown as a dotted blue line, has been the basis of a substantial rally from 2018 through 2021. Various factors interwove to fuel a significant increase in PayPal&#39;s stock price during 2020 and 2021. Among these was the COVID-19 pandemic, which spurred a shift toward digital payments and online commerce. In this transformed scenario, PayPal found itself in an ideal position to capitalize on the opportunities presented. The surge in new account creation and payment volume provided a significant boost to PayPal. Furthermore, PayPal&#39;s move to enable transactions in cryptocurrencies, including Bitcoin, appealed to a broader customer demographic, fostering both diversification and expansion. PayPal also introduced innovative features like the &#34;Pay in 4&#34; option, a buy-now-pay-later service, and extended its QR code payment system. These enhancements added a competitive edge to its service offerings. All these factors, synergizing with robust financial performance, optimistic market sentiment, and a vibrant tech market, were key in propelling PayPal&#39;s stock price steeply upwards in 2020 and 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae79f491e6ada12959d6bcce0f3d4223\" alt=\"PayPal Monthly Chart (stockcharts.com)\" title=\"PayPal Monthly Chart (stockcharts.com)\" tg-width=\"640\" tg-height=\"503\"/><span>PayPal Monthly Chart (stockcharts.com)</span></p><p>However, the peak was reached in 2021 with a double top at $309.14 and $310.16, after which the stock price started to decline, falling to $58.95 by May 2023. This plummet was primarily due to a significant slowdown in 2022 post-pandemic, as consumers reverted to pre-pandemic behaviors and macroeconomic conditions worsened. However, this decline started losing momentum in the last 12 months, hinting that PayPal is attempting to stabilize at the long-term support, denoted by the blue dotted line.</p><p>This stabilization process began in July 2022, as indicated by the RSI&#39;s oversold readings. Since then, the price has been consolidating within a red channel, as shown in the above chart. It&#39;s worth pointing out that a bullish divergence has manifested within this period of price consolidation, spanning from July 2022 to the present. This divergence is typically a sign of a market bottoming out and a potential price increase. The notably lower price levels currently observed present a compelling investment opportunity for long-term investors.</p><p>Further importance of the current levels in PayPal&#39;s stock is evident in the weekly chart below, which also underscores the bullish potential. The blue dotted line from the monthly chart appears here too, highlighting the support level with even greater clarity. The chart shows a triangle forming at the long-term support, and the price has moved out of the apex of this triangle, suggesting a bullish pattern break and a potential upward acceleration. This triangle formation symbolizes price compression, hinting that a major move may be on the horizon once the market surpasses key thresholds. If PayPal&#39;s stock continues its upward trajectory, the key market resistance to watch out for is $122.92. A rise above this level would signify that PayPal is on a path toward much higher levels. However, with limited downside at current levels, investing now offers a low-risk opportunity. Therefore, long-term investors may consider adding positions at this level, anticipating higher prices.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96fb5b4ecd7d24854efd9c661cc2a383\" alt=\"PayPal Weekly Chart (stockcharts.com)\" title=\"PayPal Weekly Chart (stockcharts.com)\" tg-width=\"640\" tg-height=\"503\"/><span>PayPal Weekly Chart (stockcharts.com)</span></p><h2 id=\"id_409847758\">Market Risk</h2><p>The company&#39;s future performance heavily relies on its ability to maintain and grow its user base in the face of increasing competition within the fintech industry. The emergence of nimble startups and established tech giants expanding into the financial services sector could potentially disrupt PayPal&#39;s market share and profitability. Moreover, the global economic outlook and consumer spending habits significantly impact PayPal&#39;s business. If economic conditions worsen or consumer spending decreases, particularly in online commerce, PayPal&#39;s revenues could be adversely affected.</p><p>Moreover, PayPal&#39;s stock price has plummeted by over 70% from its historical highs, indicating that a bottom formation process might be necessary before the commencement of the next rally. From a technical perspective, this bottom formation process is typically associated with substantial consolidation, implying that the stock price might oscillate within this consolidation phase before a potential rally takes shape. A continued downtrend for PayPal could be signaled if the stock price descends below the $50 threshold.</p><h2 id=\"id_2977943178\">Bottom Line</h2><p>In conclusion, despite facing a considerable decline in its share price over the past two years, PayPal still represents a potentially valuable investment proposition, considering its firm footing in the fintech sector and its robust core business. PayPal&#39;s large user base, the steady increase in transaction volumes, and the confidence shown by entities such as Elliott Investment Management make it a resilient player in the industry. Its discounted share price, combined with its promising business fundamentals, presents a potentially appealing opportunity for long-term investors.</p><p>However, from a technical perspective, PayPal&#39;s stock is in the process of bottoming out, a period typically associated with considerable consolidation. This could indicate a potential rally in the near future. The bullish divergence and the formation of a bullish pattern breakout on the weekly chart suggest the possibility of an upward price movement. Moreover, the stock is trading at key support levels, indicating limited downside and thus a relatively low-risk investment. Investors can consider buying at the current rates with the expectation of higher prices.</p></body></html>","source":"seekingalpha","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>PayPal: A Good Time To Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal: A Good Time To Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-02 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4622217-paypal-a-good-time-to-buy-technical-analysis><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPayPal's stock price has experienced a significant decline, but its fundamentals and position in the fintech industry offer potential for growth.Technical analysis suggests that PayPal's stock ...</p>\n\n<a href=\"https://seekingalpha.com/article/4622217-paypal-a-good-time-to-buy-technical-analysis\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4097":"系统软件","LU2264538146.SGD":"Fullerton Lux Funds - 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This article dives deep into the forces behind PayPal's recent downturn, the state of its core business, and the prospects of its future performance, based on technical analysis. The observation reveals that PayPal's stock price is currently trading at its long-term support and breaking free from a triangle pattern, signaling a potential uptrend.A Study of Resilience and Potential GrowthThe recent downward trend in PayPal's share prices and a slowdown in earnings have raised caution among investors. However, when one takes a broader view of the company's evolution and future prospects, the situation appears less bleak. The current value of PayPal shares, trading at a substantial discount of over 70% from the peak, could represent a noteworthy investment prospect. It's crucial to remember, of course, that investing always carries risk, and theoretically, any stock can decline to zero. But by deciphering the causes behind PayPal's downward shift and evaluating its core business health, a more accurate evaluation can be made of its future performance.The decline in PayPal's stock price was primarily attributed to several factors. Firstly, PayPal set optimistic forecasts for its user growth, which unfortunately did not materialize as expected. The Covid-19 pandemic acted as a powerful driving force, adding around 73 million active users to PayPal's base in 2020 and propelling the total user count to 377 million by year's end. This robust performance amid the pandemic led CEO Dan Schulman to forecast a surge in PayPal's user base to 750 million by the close of 2025. However, user growth began to decelerate, with the addition of only 49 million users in 2021 and a mere 9 million in 2022. This slowdown stirred apprehension among investors, deterring further investments in PayPal and causing its stock price to dip. Yet, the user growth observed in 2023 presents a remarkable upturn, signaling a bullish future outlook. Secondly, the company's earnings momentarily dipped into negative territory last year as seen in the chart below. This fall was observed after a significant spike during the lockdowns induced by the Covid-19 pandemic. Despite these setbacks, PayPal's underlying business potential remains strong. Currently, PayPal shares are available at just 15 times the company management's earnings estimate for 2023. This valuation appears attractive, considering the projected revenue and earnings growth of the company.Data by YChartsPayPal's strength lies in its wide user base and its competitive positioning in the fintech industry. Although there's a surge of agile fintech start-ups, PayPal has the advantage of being a well-established and popular platform with both merchants and consumers. Furthermore, the steady increase in transaction volume and usage of the platform by existing users reflects the firm's robustness. PayPal has also attracted the attention of Elliott Investment Management, which recently opened a $2 billion stake in the company, indicating a degree of confidence in the fintech's future prospects.PayPal, currently having a PE ratio of 31.35 and a PS ratio of 3, is near its lowest valuation since its debut in the public market. PayPal's resilience and potential for growth are enhanced not only by its current low valuation but also by its network effects, similar to those observed in Visa Inc. (V) or Discover Financial Services (DFS).Data by YChartsMoreover, Microsoft Corporation (MSFT)'s announcement to integrate more PayPal financing options, including PayPal's Pay Later and Venmo services, represents a bullish implication for PayPal. This expansion, reaching across multiple countries, strengthens the 16-year partnership between PayPal and Microsoft, further bolstering PayPal's user base and transaction volume. The introduction of installment payments and split payments upon purchase further diversifies PayPal's service offerings, potentially attracting new customers and driving revenue growth.Exploring Investment Opportunities Through Bottom FormationThe technical analysis of PayPal, as illustrated in the monthly chart below, underscores that the market is currently trading at a vital long-term support level, indicating a potential for a strong rebound. This long-term support line, shown as a dotted blue line, has been the basis of a substantial rally from 2018 through 2021. Various factors interwove to fuel a significant increase in PayPal's stock price during 2020 and 2021. Among these was the COVID-19 pandemic, which spurred a shift toward digital payments and online commerce. In this transformed scenario, PayPal found itself in an ideal position to capitalize on the opportunities presented. The surge in new account creation and payment volume provided a significant boost to PayPal. Furthermore, PayPal's move to enable transactions in cryptocurrencies, including Bitcoin, appealed to a broader customer demographic, fostering both diversification and expansion. PayPal also introduced innovative features like the \"Pay in 4\" option, a buy-now-pay-later service, and extended its QR code payment system. These enhancements added a competitive edge to its service offerings. All these factors, synergizing with robust financial performance, optimistic market sentiment, and a vibrant tech market, were key in propelling PayPal's stock price steeply upwards in 2020 and 2021.PayPal Monthly Chart (stockcharts.com)However, the peak was reached in 2021 with a double top at $309.14 and $310.16, after which the stock price started to decline, falling to $58.95 by May 2023. This plummet was primarily due to a significant slowdown in 2022 post-pandemic, as consumers reverted to pre-pandemic behaviors and macroeconomic conditions worsened. However, this decline started losing momentum in the last 12 months, hinting that PayPal is attempting to stabilize at the long-term support, denoted by the blue dotted line.This stabilization process began in July 2022, as indicated by the RSI's oversold readings. Since then, the price has been consolidating within a red channel, as shown in the above chart. It's worth pointing out that a bullish divergence has manifested within this period of price consolidation, spanning from July 2022 to the present. This divergence is typically a sign of a market bottoming out and a potential price increase. The notably lower price levels currently observed present a compelling investment opportunity for long-term investors.Further importance of the current levels in PayPal's stock is evident in the weekly chart below, which also underscores the bullish potential. The blue dotted line from the monthly chart appears here too, highlighting the support level with even greater clarity. The chart shows a triangle forming at the long-term support, and the price has moved out of the apex of this triangle, suggesting a bullish pattern break and a potential upward acceleration. This triangle formation symbolizes price compression, hinting that a major move may be on the horizon once the market surpasses key thresholds. If PayPal's stock continues its upward trajectory, the key market resistance to watch out for is $122.92. A rise above this level would signify that PayPal is on a path toward much higher levels. However, with limited downside at current levels, investing now offers a low-risk opportunity. Therefore, long-term investors may consider adding positions at this level, anticipating higher prices.PayPal Weekly Chart (stockcharts.com)Market RiskThe company's future performance heavily relies on its ability to maintain and grow its user base in the face of increasing competition within the fintech industry. The emergence of nimble startups and established tech giants expanding into the financial services sector could potentially disrupt PayPal's market share and profitability. Moreover, the global economic outlook and consumer spending habits significantly impact PayPal's business. If economic conditions worsen or consumer spending decreases, particularly in online commerce, PayPal's revenues could be adversely affected.Moreover, PayPal's stock price has plummeted by over 70% from its historical highs, indicating that a bottom formation process might be necessary before the commencement of the next rally. From a technical perspective, this bottom formation process is typically associated with substantial consolidation, implying that the stock price might oscillate within this consolidation phase before a potential rally takes shape. A continued downtrend for PayPal could be signaled if the stock price descends below the $50 threshold.Bottom LineIn conclusion, despite facing a considerable decline in its share price over the past two years, PayPal still represents a potentially valuable investment proposition, considering its firm footing in the fintech sector and its robust core business. PayPal's large user base, the steady increase in transaction volumes, and the confidence shown by entities such as Elliott Investment Management make it a resilient player in the industry. Its discounted share price, combined with its promising business fundamentals, presents a potentially appealing opportunity for long-term investors.However, from a technical perspective, PayPal's stock is in the process of bottoming out, a period typically associated with considerable consolidation. This could indicate a potential rally in the near future. The bullish divergence and the formation of a bullish pattern breakout on the weekly chart suggest the possibility of an upward price movement. Moreover, the stock is trading at key support levels, indicating limited downside and thus a relatively low-risk investment. Investors can consider buying at the current rates with the expectation of higher prices.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957588929,"gmtCreate":1677395410962,"gmtModify":1677398097309,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$ &nbsp;</a>will it rebound this week?😜","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$ &nbsp;</a>will it rebound this week?😜","text":"$Alibaba(09988)$ will it rebound this week?😜","images":[{"img":"https://community-static.tradeup.com/news/b03c98e9fad0bdde47717d748f26b2b5","width":"1080","height":"2182"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9957588929","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"idStr":"3583033297199166","authorIdStr":"3583033297199166"},"content":"Will improve soon 🌟🌟🌟","text":"Will improve soon 🌟🌟🌟","html":"Will improve soon 🌟🌟🌟"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9943279617,"gmtCreate":1679524436440,"gmtModify":1679524441177,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"&nbsp;market down again&nbsp;[Spurting]&nbsp;","listText":"&nbsp;market down again&nbsp;[Spurting]&nbsp;","text":"market down again [Spurting]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9943279617","repostId":"1151598224","repostType":2,"repost":{"id":"1151598224","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679513801,"share":"https://ttm.financial/m/news/1151598224?lang=&edition=fundamental","pubTime":"2023-03-23 03:36","market":"us","language":"en","title":"Fed Recap: All the Market-Moving Comments From Fed Chair Powell After Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=1151598224","media":"Tiger Newspress","summary":"The Federal Reserve raised interest rates by 25 basis points, or a quarter of a percentage point. Th","content":"<html><head></head><body><p><i>The Federal Reserve raised interest rates by 25 basis points, or a quarter of a percentage point. The move brings the benchmark funds rate to a range of 4.75% to 5%. In the wake of recent turmoil for regional banks, Chair Jerome Powell assured the public that the Fed will use &#34;all of our tools&#34; to keep the banking system safe.</i></p><h2>Fed will use &#39;all of our tools&#39; to keep banking system safe, Chair Jerome Powell says</h2><p>Federal Reserve Chair Jerome Powell said the central bank will use all its tools to safeguard the banking system.</p><p>&#34;Our banking system is sound and resilient, with strong capital and liquidity. We will continue to closely monitor conditions in the banking system and are prepared to use all of our tools as needed to keep it safe and sound,&#34; Powell said.</p><p>&#34;In addition, we are committed to learning the lessons from this episode, and to work to prevent episodes from events like this from happening again,&#34; he added.</p><h2>Regional bank issues means tighter credit conditions, Powell says</h2><p>Fed Chair Jerome Powell acknowledged that the issues in the banking system in recent weeks will create tighter credit conditions.</p><p>&#34;We believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and business, which would in turn result affect economic outcomes. It is too soon to determine the extent of these effects, and therefore too soon to determine how monetary policy should respond,&#34; Powell said.</p><p>He later compared the banking issues to additional rate hikes.</p><h2>Powell cautions that inflation fight &#39;has a long way to go&#39;</h2><p>Fed Chairman Jerome Powell warned that the central bank still has some distance to cover as it tries to bring down inflation to its longer-run goal.</p><p>&#34;The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,&#34; the central bank leader said at his post-meeting news conference.</p><p>He noted some progress and also said the Fed will be assessing data and the impact of its rate hikes in deciding how to proceed with policy.</p><p>&#34;Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high,&#34; Powell said.</p><h2>Bank deposit flows have stabilized, Powell says</h2><p>The banking system is resilient and deposit flows are back on track, Federal Reserve Chair Jerome Powell said.</p><p>&#34;Deposit flows in the banking system have stabilized over the last week,&#34; he said.</p><p>Powell said the powerful actions taken by the Fed, Treasury Department and FDIC demonstrate that depositors&#39; savings and the banking system are safe.</p><p>The central bank is now undertaking a thorough internal review to see where it can strengthen supervision and regulation.</p><h2>Fed Chair Powell anticipates tighter credit conditions ahead, says “some additional policy firming may be appropriate”</h2><p>Federal Reserve Chair Jerome Powell noted that tighter credit conditions are likely ahead following turmoil in the regional banking sector.</p><p>&#34;We believe, however, that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes,&#34; he said.</p><p>&#34;It is too soon to determine the extent of these effects, and therefore too soon to tell it how monetary policy should respond,&#34; Powell added. &#34;As a result, we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate.&#34;</p><p>The Fed will closely monitor incoming data and assess the actual and expected effects on tighter credit conditions on economic activity, the labor market and inflation in order to inform its policy decisions, Powell added. He said the Fed is &#34;strongly committed&#34; to returning inflation to its 2% objective.</p><h2>Powell says committee considered a pause in light of the banking crisis</h2><p>Fed Chairman Jerome Powell said the rate-setting committee considered a pause in rate hikes in light of the banking crisis.</p><p>&#34;We did consider that in the days running up to the meeting,&#34; Powell said in the press conference when asked about a pause.</p><p>Powell said the reason for the very strong consensus for a rate hike resulted from the intermediate data on inflation and the labor market that came in stronger than expected before the recent events.</p><p>&#34;We are committed to restoring price stability and all of the evidence says that the public has confidence that we will do so that will bring inflation down to 2% over time. It is important that we sustain that confidence with our actions, as well as our words,&#34; Powell said.</p><h2>Fed Chair Powell on Silicon Valley Bank failure, &#39;How did this happen?&#39;</h2><p>At his press conference on Wednesday afternoon, Fed Chair Jerome Powell spoke about Silicon Valley Bank&#39;s failure.</p><h2>Powell slams Silicon Valley Bank management over lack of supervision</h2><p>Federal Reserve Chair Jerome Powell said that management at Silicon Valley Bank &#34;failed badly,&#34; while exposing customers to &#34;significant liquidity risk and interest rate risk.&#34;</p><p>He added that stronger supervision and regulation is needed to prevent another string of bank collapses and deposit crisis.</p><p>&#34;My only interest is that we identify what went wrong here,&#34; Powell said.</p><h2>The market is getting it wrong by predicting rate cuts this year, says Powell</h2><p>The market is getting it wrong if it expects rate cuts later this year, said Federal Reserve Chair Jerome Powell.</p><p>He highlighted the fact that the central bank&#39;s summary of economic projections published Wednesday anticipates slow growth, a gradual decline in inflation and the rebalancing of both supply and demand within the labor market.</p><p>&#34;In that most likely case, if that happens, participants don&#39;t see rate cuts this year,&#34; he said.</p><p>Powell added that what lies ahead for the economy may be &#34;uncertain&#34; but rate hikes are not currently in the central bank&#39;s &#34;baseline expectation.&#34;</p><h2>If the Fed needs to raise rates higher, it will, Powell says</h2><p>Fed Chairman Jerome Powell said the central bank will conduct more rate hikes if it needs to in order to fight inflation.</p><p>&#34;If we need to raise rates higher, we will,&#34; Powell said in the press conference. &#34;I think for now, though ...we see the likelihood of credit tightening. We know that that can have an effect on the macro economy.&#34;</p><p>The chairman said the Fed will also watch inflation and the labor market closely.</p><p>&#34;Of course, we will eventually get to tight enough policy to bring inflation down to 2%,&#34; Powell said.</p><h2>Fed, other regulators will use &#39;tools&#39; to protect depositors, Powell says</h2><p>Fed Chair Jerome Powell tried to assure Americans that their bank deposits will be kept safe, but stopped short of saying explicitly that even uninsured deposits will be backstopped by federal officials.</p><p>&#34;What I&#39;m saying is you&#39;ve seen that we have the tools to protect depositors when there is a threat of serious harm to the economy or to the financial system, and we&#39;re prepared to use those tools. I think depositors should assume that their deposits are safe,&#34; he said.</p><h2>There&#39;s still a &#39;pathway&#39; to a soft landing, Fed Chair Powell says</h2><p>Federal Reserve Chair Jerome Powell said it&#39;s &#34;too early&#34; to say what effect the banking crisis will have, but the central bank leader expects a pathway &#34;still exists&#34; to a soft landing.</p><p>&#34;It&#39;s too early to say, really, whether these events have had much of an effect,&#34; said Powell, adding that credit standards and credit availability will be affected the longer the banking crisis continues.</p><p>&#34;I do still think though that there&#39;s, there&#39;s a pathway to [a soft landing],&#34; he added, saying &#34;I think that pathway still exists, and, you know, we&#39;re certainly trying to find it.&#34;</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>Fed Recap: All the Market-Moving Comments From Fed Chair Powell After Rate Hike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Recap: All the Market-Moving Comments From Fed Chair Powell After Rate Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-23 03:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><i>The Federal Reserve raised interest rates by 25 basis points, or a quarter of a percentage point. The move brings the benchmark funds rate to a range of 4.75% to 5%. In the wake of recent turmoil for regional banks, Chair Jerome Powell assured the public that the Fed will use &#34;all of our tools&#34; to keep the banking system safe.</i></p><h2>Fed will use &#39;all of our tools&#39; to keep banking system safe, Chair Jerome Powell says</h2><p>Federal Reserve Chair Jerome Powell said the central bank will use all its tools to safeguard the banking system.</p><p>&#34;Our banking system is sound and resilient, with strong capital and liquidity. We will continue to closely monitor conditions in the banking system and are prepared to use all of our tools as needed to keep it safe and sound,&#34; Powell said.</p><p>&#34;In addition, we are committed to learning the lessons from this episode, and to work to prevent episodes from events like this from happening again,&#34; he added.</p><h2>Regional bank issues means tighter credit conditions, Powell says</h2><p>Fed Chair Jerome Powell acknowledged that the issues in the banking system in recent weeks will create tighter credit conditions.</p><p>&#34;We believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and business, which would in turn result affect economic outcomes. It is too soon to determine the extent of these effects, and therefore too soon to determine how monetary policy should respond,&#34; Powell said.</p><p>He later compared the banking issues to additional rate hikes.</p><h2>Powell cautions that inflation fight &#39;has a long way to go&#39;</h2><p>Fed Chairman Jerome Powell warned that the central bank still has some distance to cover as it tries to bring down inflation to its longer-run goal.</p><p>&#34;The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,&#34; the central bank leader said at his post-meeting news conference.</p><p>He noted some progress and also said the Fed will be assessing data and the impact of its rate hikes in deciding how to proceed with policy.</p><p>&#34;Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high,&#34; Powell said.</p><h2>Bank deposit flows have stabilized, Powell says</h2><p>The banking system is resilient and deposit flows are back on track, Federal Reserve Chair Jerome Powell said.</p><p>&#34;Deposit flows in the banking system have stabilized over the last week,&#34; he said.</p><p>Powell said the powerful actions taken by the Fed, Treasury Department and FDIC demonstrate that depositors&#39; savings and the banking system are safe.</p><p>The central bank is now undertaking a thorough internal review to see where it can strengthen supervision and regulation.</p><h2>Fed Chair Powell anticipates tighter credit conditions ahead, says “some additional policy firming may be appropriate”</h2><p>Federal Reserve Chair Jerome Powell noted that tighter credit conditions are likely ahead following turmoil in the regional banking sector.</p><p>&#34;We believe, however, that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes,&#34; he said.</p><p>&#34;It is too soon to determine the extent of these effects, and therefore too soon to tell it how monetary policy should respond,&#34; Powell added. &#34;As a result, we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate.&#34;</p><p>The Fed will closely monitor incoming data and assess the actual and expected effects on tighter credit conditions on economic activity, the labor market and inflation in order to inform its policy decisions, Powell added. He said the Fed is &#34;strongly committed&#34; to returning inflation to its 2% objective.</p><h2>Powell says committee considered a pause in light of the banking crisis</h2><p>Fed Chairman Jerome Powell said the rate-setting committee considered a pause in rate hikes in light of the banking crisis.</p><p>&#34;We did consider that in the days running up to the meeting,&#34; Powell said in the press conference when asked about a pause.</p><p>Powell said the reason for the very strong consensus for a rate hike resulted from the intermediate data on inflation and the labor market that came in stronger than expected before the recent events.</p><p>&#34;We are committed to restoring price stability and all of the evidence says that the public has confidence that we will do so that will bring inflation down to 2% over time. It is important that we sustain that confidence with our actions, as well as our words,&#34; Powell said.</p><h2>Fed Chair Powell on Silicon Valley Bank failure, &#39;How did this happen?&#39;</h2><p>At his press conference on Wednesday afternoon, Fed Chair Jerome Powell spoke about Silicon Valley Bank&#39;s failure.</p><h2>Powell slams Silicon Valley Bank management over lack of supervision</h2><p>Federal Reserve Chair Jerome Powell said that management at Silicon Valley Bank &#34;failed badly,&#34; while exposing customers to &#34;significant liquidity risk and interest rate risk.&#34;</p><p>He added that stronger supervision and regulation is needed to prevent another string of bank collapses and deposit crisis.</p><p>&#34;My only interest is that we identify what went wrong here,&#34; Powell said.</p><h2>The market is getting it wrong by predicting rate cuts this year, says Powell</h2><p>The market is getting it wrong if it expects rate cuts later this year, said Federal Reserve Chair Jerome Powell.</p><p>He highlighted the fact that the central bank&#39;s summary of economic projections published Wednesday anticipates slow growth, a gradual decline in inflation and the rebalancing of both supply and demand within the labor market.</p><p>&#34;In that most likely case, if that happens, participants don&#39;t see rate cuts this year,&#34; he said.</p><p>Powell added that what lies ahead for the economy may be &#34;uncertain&#34; but rate hikes are not currently in the central bank&#39;s &#34;baseline expectation.&#34;</p><h2>If the Fed needs to raise rates higher, it will, Powell says</h2><p>Fed Chairman Jerome Powell said the central bank will conduct more rate hikes if it needs to in order to fight inflation.</p><p>&#34;If we need to raise rates higher, we will,&#34; Powell said in the press conference. &#34;I think for now, though ...we see the likelihood of credit tightening. We know that that can have an effect on the macro economy.&#34;</p><p>The chairman said the Fed will also watch inflation and the labor market closely.</p><p>&#34;Of course, we will eventually get to tight enough policy to bring inflation down to 2%,&#34; Powell said.</p><h2>Fed, other regulators will use &#39;tools&#39; to protect depositors, Powell says</h2><p>Fed Chair Jerome Powell tried to assure Americans that their bank deposits will be kept safe, but stopped short of saying explicitly that even uninsured deposits will be backstopped by federal officials.</p><p>&#34;What I&#39;m saying is you&#39;ve seen that we have the tools to protect depositors when there is a threat of serious harm to the economy or to the financial system, and we&#39;re prepared to use those tools. I think depositors should assume that their deposits are safe,&#34; he said.</p><h2>There&#39;s still a &#39;pathway&#39; to a soft landing, Fed Chair Powell says</h2><p>Federal Reserve Chair Jerome Powell said it&#39;s &#34;too early&#34; to say what effect the banking crisis will have, but the central bank leader expects a pathway &#34;still exists&#34; to a soft landing.</p><p>&#34;It&#39;s too early to say, really, whether these events have had much of an effect,&#34; said Powell, adding that credit standards and credit availability will be affected the longer the banking crisis continues.</p><p>&#34;I do still think though that there&#39;s, there&#39;s a pathway to [a soft landing],&#34; he added, saying &#34;I think that pathway still exists, and, you know, we&#39;re certainly trying to find it.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151598224","content_text":"The Federal Reserve raised interest rates by 25 basis points, or a quarter of a percentage point. The move brings the benchmark funds rate to a range of 4.75% to 5%. In the wake of recent turmoil for regional banks, Chair Jerome Powell assured the public that the Fed will use \"all of our tools\" to keep the banking system safe.Fed will use 'all of our tools' to keep banking system safe, Chair Jerome Powell saysFederal Reserve Chair Jerome Powell said the central bank will use all its tools to safeguard the banking system.\"Our banking system is sound and resilient, with strong capital and liquidity. We will continue to closely monitor conditions in the banking system and are prepared to use all of our tools as needed to keep it safe and sound,\" Powell said.\"In addition, we are committed to learning the lessons from this episode, and to work to prevent episodes from events like this from happening again,\" he added.Regional bank issues means tighter credit conditions, Powell saysFed Chair Jerome Powell acknowledged that the issues in the banking system in recent weeks will create tighter credit conditions.\"We believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and business, which would in turn result affect economic outcomes. It is too soon to determine the extent of these effects, and therefore too soon to determine how monetary policy should respond,\" Powell said.He later compared the banking issues to additional rate hikes.Powell cautions that inflation fight 'has a long way to go'Fed Chairman Jerome Powell warned that the central bank still has some distance to cover as it tries to bring down inflation to its longer-run goal.\"The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,\" the central bank leader said at his post-meeting news conference.He noted some progress and also said the Fed will be assessing data and the impact of its rate hikes in deciding how to proceed with policy.\"Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high,\" Powell said.Bank deposit flows have stabilized, Powell saysThe banking system is resilient and deposit flows are back on track, Federal Reserve Chair Jerome Powell said.\"Deposit flows in the banking system have stabilized over the last week,\" he said.Powell said the powerful actions taken by the Fed, Treasury Department and FDIC demonstrate that depositors' savings and the banking system are safe.The central bank is now undertaking a thorough internal review to see where it can strengthen supervision and regulation.Fed Chair Powell anticipates tighter credit conditions ahead, says “some additional policy firming may be appropriate”Federal Reserve Chair Jerome Powell noted that tighter credit conditions are likely ahead following turmoil in the regional banking sector.\"We believe, however, that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes,\" he said.\"It is too soon to determine the extent of these effects, and therefore too soon to tell it how monetary policy should respond,\" Powell added. \"As a result, we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate.\"The Fed will closely monitor incoming data and assess the actual and expected effects on tighter credit conditions on economic activity, the labor market and inflation in order to inform its policy decisions, Powell added. He said the Fed is \"strongly committed\" to returning inflation to its 2% objective.Powell says committee considered a pause in light of the banking crisisFed Chairman Jerome Powell said the rate-setting committee considered a pause in rate hikes in light of the banking crisis.\"We did consider that in the days running up to the meeting,\" Powell said in the press conference when asked about a pause.Powell said the reason for the very strong consensus for a rate hike resulted from the intermediate data on inflation and the labor market that came in stronger than expected before the recent events.\"We are committed to restoring price stability and all of the evidence says that the public has confidence that we will do so that will bring inflation down to 2% over time. It is important that we sustain that confidence with our actions, as well as our words,\" Powell said.Fed Chair Powell on Silicon Valley Bank failure, 'How did this happen?'At his press conference on Wednesday afternoon, Fed Chair Jerome Powell spoke about Silicon Valley Bank's failure.Powell slams Silicon Valley Bank management over lack of supervisionFederal Reserve Chair Jerome Powell said that management at Silicon Valley Bank \"failed badly,\" while exposing customers to \"significant liquidity risk and interest rate risk.\"He added that stronger supervision and regulation is needed to prevent another string of bank collapses and deposit crisis.\"My only interest is that we identify what went wrong here,\" Powell said.The market is getting it wrong by predicting rate cuts this year, says PowellThe market is getting it wrong if it expects rate cuts later this year, said Federal Reserve Chair Jerome Powell.He highlighted the fact that the central bank's summary of economic projections published Wednesday anticipates slow growth, a gradual decline in inflation and the rebalancing of both supply and demand within the labor market.\"In that most likely case, if that happens, participants don't see rate cuts this year,\" he said.Powell added that what lies ahead for the economy may be \"uncertain\" but rate hikes are not currently in the central bank's \"baseline expectation.\"If the Fed needs to raise rates higher, it will, Powell saysFed Chairman Jerome Powell said the central bank will conduct more rate hikes if it needs to in order to fight inflation.\"If we need to raise rates higher, we will,\" Powell said in the press conference. \"I think for now, though ...we see the likelihood of credit tightening. We know that that can have an effect on the macro economy.\"The chairman said the Fed will also watch inflation and the labor market closely.\"Of course, we will eventually get to tight enough policy to bring inflation down to 2%,\" Powell said.Fed, other regulators will use 'tools' to protect depositors, Powell saysFed Chair Jerome Powell tried to assure Americans that their bank deposits will be kept safe, but stopped short of saying explicitly that even uninsured deposits will be backstopped by federal officials.\"What I'm saying is you've seen that we have the tools to protect depositors when there is a threat of serious harm to the economy or to the financial system, and we're prepared to use those tools. I think depositors should assume that their deposits are safe,\" he said.There's still a 'pathway' to a soft landing, Fed Chair Powell saysFederal Reserve Chair Jerome Powell said it's \"too early\" to say what effect the banking crisis will have, but the central bank leader expects a pathway \"still exists\" to a soft landing.\"It's too early to say, really, whether these events have had much of an effect,\" said Powell, adding that credit standards and credit availability will be affected the longer the banking crisis continues.\"I do still think though that there's, there's a pathway to [a soft landing],\" he added, saying \"I think that pathway still exists, and, you know, we're certainly trying to find it.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940274393,"gmtCreate":1677989233412,"gmtModify":1677989237341,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Probably will lose all your retirement fund too 😜","listText":"Probably will lose all your retirement fund too 😜","text":"Probably will lose all your retirement fund too 😜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9940274393","repostId":"2316492950","repostType":2,"repost":{"id":"2316492950","kind":"highlight","pubTimestamp":1677987004,"share":"https://ttm.financial/m/news/2316492950?lang=&edition=fundamental","pubTime":"2023-03-05 11:30","market":"us","language":"en","title":"Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2316492950","media":"Motley Fool","summary":"Don't let a potential bear market keep you on the sidelines.","content":"<html><head></head><body><p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn&#39;t an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it&#39;s important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.</p><p>For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.</p><h2>1. Upstart</h2><p><b>Upstart</b> is dealing with extremely choppy market waters right now; however, looking beyond these events to the company&#39;s long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn&#39;t just the FICO score but atypical factors like education and income to help determine this.</p><p>By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform&#39;s predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.</p><p>Moreover, because Upstart&#39;s platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company&#39;s loan applications are being handled on a fully automated basis.</p><p>In Upstart&#39;s full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart&#39;s model had learned more in the prior seven months than it had in the entire 30 months before that.</p><p>During 2022, Upstart&#39;s number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.</p><p>As Upstart&#39;s platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart&#39;s top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it&#39;s important to differentiate broader economic headwinds from headwinds tied directly to Upstart&#39;s business.</p><p>The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock&#39;s currently trading down.</p><h2>2. Teladoc</h2><p><b>Teladoc</b> investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they&#39;ve risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.</p><p>The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.</p><p>Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here&#39;s the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.</p><p>Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company&#39;s 2022 earnings call:</p><blockquote>Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.</blockquote><blockquote>Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.</blockquote><p>Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc&#39;s long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWant $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-05 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TDOC":"Teladoc Health Inc.","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316492950","content_text":"Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it's important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.1. UpstartUpstart is dealing with extremely choppy market waters right now; however, looking beyond these events to the company's long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn't just the FICO score but atypical factors like education and income to help determine this.By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform's predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.Moreover, because Upstart's platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company's loan applications are being handled on a fully automated basis.In Upstart's full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart's model had learned more in the prior seven months than it had in the entire 30 months before that.During 2022, Upstart's number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.As Upstart's platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart's top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it's important to differentiate broader economic headwinds from headwinds tied directly to Upstart's business.The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock's currently trading down.2. TeladocTeladoc investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they've risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here's the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company's 2022 earnings call:Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc's long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957952209,"gmtCreate":1676944654301,"gmtModify":1676944658171,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Nice 👍","listText":"Nice 👍","text":"Nice 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957952209","repostId":"1160776999","repostType":4,"repost":{"id":"1160776999","kind":"news","pubTimestamp":1676989264,"share":"https://ttm.financial/m/news/1160776999?lang=&edition=fundamental","pubTime":"2023-02-21 22:21","market":"us","language":"en","title":"Will Alibaba's Earnings Surprise Again?","url":"https://stock-news.laohu8.com/highlight/detail?id=1160776999","media":"Seeking Alpha","summary":"SummaryAlibaba will report its quarterly earnings on Thursday.Investors can expect another earnings ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Alibaba will report its quarterly earnings on Thursday.</li><li>Investors can expect another earnings beat, I believe.</li><li>The macro situation has improved, and the regulatory risk has gotten less severe.</li></ul><h2>Article Thesis</h2><p>When Alibaba Group (NYSE:BABA)(OTCPK:BABAF) reported its last quarterly results, the company beat estimates easily. Since Alibaba will report its next quarterly results this week, we&#39;ll take a look at what investors can expect from thereport and at some items that will be important going forward.</p><h2>What Can We Expect From BABA&#39;s Results?</h2><p>Alibaba Group Holding Limited will report its next quarterly results on Thursday, February 23. Analysts are currently predicting that the company will report the following results for the quarter:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d16cca3e168c884ad5aa216857f76a7\" tg-width=\"629\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>Both the earnings per share estimate and the revenue estimate represent a big increase versus the results that Alibaba reported for the previous quarter, its fiscal Q2. This can be explained by two factors. First, China started to reopen its economy during the most recent quarter. While the country had been following a Zero COVID approach for sometime, that changed towards the end of the calendar year 2022. China&#39;s economic reopening has led to improving consumer sentiment, as consumers are willing to spend more when they aren&#39;t locked down and uncertain about their economic future. Business customers also are more active following China&#39;s reopening, thus activity increased in that segment as well.</p><p>On top of that, there also is a seasonal impact at play, however. The fiscal third quarter almost always is a more active one compared to the fiscal second quarter for Alibaba due to the holiday impact (even though the Chinese New Year is in January or February). The 11/11 day, or Single&#39;s Day, plays a role in the fiscal third quarter being a stronger-than-average year for Alibaba and many other Chinese consumer companies. An improvement in BABA&#39;s sales from the fiscal second quarter to the fiscal third quarter would thus be expected even without the COVID policy change tailwind, but the positive impact of China&#39;s reopening will likely translate into a more pronounced quarter-to-quarter growth rate.</p><p>Not surprisingly, the earnings per share estimate implies a considerable earnings improvement on a sequential basis as well. With rising revenues, profits are rising, all else equal. Due to the impact of operating leverage -- operating expenses are generally growing slower than revenues and gross profits -- earnings growth could be more pronounced than the company&#39;s sales growth. That is also what analysts are predicting, as the forecasted earnings per share increase of 35% is significantly larger than the forecasted revenue increase of 24%. It is likely that Alibaba&#39;s buybacks play a role here as well. The company is currently buying back shares under its $25 billion buyback authorization, thus a decline in the company&#39;s share count, both on a year-over-year basis as well as on a sequential basis, should positively impact Alibaba&#39;s earnings per share growth rate.</p><p>The expected earnings per share of $2.44 for the quarter imply that Alibaba will earn $7.75 during the current year when we also factor in the current consensus estimate for Alibaba&#39;s fiscal fourth quarter (the one we are in right now). Of course, it would not be too surprising to see Alibaba outperform expectations, as that would be very much in line with the recent performance. Or, in other words, Wall Street analysts have a pretty clear track record of underestimating Alibaba, at least in the recent past:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2eacbe416ed7664f590817f6568a5301\" tg-width=\"640\" tg-height=\"144\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>Over the last four quarters, Alibaba has beaten earnings per share estimates every single time. On average, the company beat estimates by $0.16, which is pretty meaningful. If the company were to beat estimates for the third quarter and the fourth quarter by a similar amount, actual earnings per share would come in around $8.10 for the current year, significantly above what analysts are predicting right now. This is, of course, not guaranteed, but I believe that an earnings beat is more likely than an earnings miss.</p><p>When it comes to Alibaba&#39;s operational results, there&#39;s a couple of noteworthy items investors should account for when assessingAlibaba&#39;sbusiness results. The first one of these isAlibaba&#39;scustomer count growth. While Alibaba already has a large share of the addressable market in its home country, its growth potential in foreign markets is more pronounced. Ongoing growth in the number of users across Alibaba&#39;s platforms would be a good sign for BABA&#39;s longer-term international growth potential.</p><p>Second, BABA&#39;s cloud growth performance is an important metric. China&#39;s cloud computing market is not as developed as that of the US or Europe, but BABA is one of the leading Chinese cloud players. During the most recent quarter, Alibaba&#39;s cloud computing revenue, including Alibaba Cloud and DingTalk, totaled $2.9 billion once inter-segment revenues are eliminated. That was up just 4% year over year, which was weaker compared to what many investors had expected. As BABA&#39;s cloud computing business is seen as an important growth driver going forward, an improvement in the sales growth rate for the unit would be a good sign. Since business customers likely have become less defensive during the fiscal third quarter as China started to reopen its economy, I believe that an improvement in the growth rate is likely, although not guaranteed. If BABA&#39;s cloud revenue growth rate remained weak during the quarter, that would be a bad sign for the company and its stock, as it would hurt one argument of the bull thesis. If cloud revenue growth improved, that would be a major positive, however. This would align with the belief that BABA&#39;s cloud business will eventually become a major growth driver for shareholder value -- potentially similar to what AWS has done for Amazon (AMZN), with the added benefit that BABA&#39;s core retail business is pretty profitable, which does not hold true for Amazon.</p><p>When it comes to BABA&#39;s margin performance, the recent past has been positive. During the fiscal second quarter, Alibaba grew its adjusted EBITDA by 24%, relative to the previous year&#39;s quarter, which was the result of more cost-cutting efforts, as revenue had grown significantly less than 24% over the same time frame. Alibaba has brought down non-core spending in the recent past, which had a positive impact on profitability. It is likely that this trend persisted through the fiscal third quarter, which is why an improvement in BABA&#39;s bottom line during the quarter is likely, relative to one year earlier. Investors should be happy about this trend, of course, as improving margins mean that BABA could be able to grow its profit faster than its revenue. Since earnings, or earnings per share, ultimately impact a stock&#39;s price (at constant valuations, at least), earnings per share growth is one of the most important metrics for investors.</p><h2>Macro, Risks, And Final Thoughts</h2><p>With China&#39;s economic reopening, the macro picture for consumer spending in the country looks positive. At the same time, however, tensions exist between China and the US. Very recently, the US warned that China might provide more active support to Russia when it comes to the ongoing war in Ukraine. If that happens, tensions between the US and China could rise further, which could be a reason for US-based investors to sell shares of BABA, which could cause a declining share price. Tensions due to the brewing Taiwan conflict are another macro risk that should be considered by Alibaba&#39;s shareholders.</p><p>Alibaba has seen its share price benefit from the fact that regulation seems to be a declining risk factor for BABA, although it still remains an issue investors should keep an eye on. Chinese regulators have recently allowed a capital increase for Ant Group, in which BABA owns a large position. This suggests that regulators have become less harsh when it comes to Ant Group, which, in turn, could be beneficial for BABA, where regulation has been a concern (and a bear argument) as well. While this risk has not vanished, it&#39;s good to see that things are seemingly moving in the right direction.</p><p>To sum things up, Alibaba is well-positioned to benefit from the ongoing economic reopening in its most important market, and recent margin improvement initiatives have been paying off. BABA has a good chance of beating earnings estimates when it reports later this week, I believe. At current prices, BABA is trading for around 12x to 13x this year&#39;s expected net profit, while the earnings multiple based on next year&#39;s expected earnings per share is just 11. That upcoming fiscal year will start in April, or just above 2 months from now. While the risk factors have not ceased to exist, the regulatory risk has gotten less severe, I believe, and the low valuation could result in significant upside potential for BABA in the longer run.</p><p><i>This article is written by Jonathan Weber for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","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>Will Alibaba's Earnings Surprise Again?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Alibaba's Earnings Surprise Again?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-21 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4579947-will-alibaba-earnings-surprise-again><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba will report its quarterly earnings on Thursday.Investors can expect another earnings beat, I believe.The macro situation has improved, and the regulatory risk has gotten less severe....</p>\n\n<a href=\"https://seekingalpha.com/article/4579947-will-alibaba-earnings-surprise-again\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4579947-will-alibaba-earnings-surprise-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160776999","content_text":"SummaryAlibaba will report its quarterly earnings on Thursday.Investors can expect another earnings beat, I believe.The macro situation has improved, and the regulatory risk has gotten less severe.Article ThesisWhen Alibaba Group (NYSE:BABA)(OTCPK:BABAF) reported its last quarterly results, the company beat estimates easily. Since Alibaba will report its next quarterly results this week, we'll take a look at what investors can expect from thereport and at some items that will be important going forward.What Can We Expect From BABA's Results?Alibaba Group Holding Limited will report its next quarterly results on Thursday, February 23. Analysts are currently predicting that the company will report the following results for the quarter:Seeking AlphaBoth the earnings per share estimate and the revenue estimate represent a big increase versus the results that Alibaba reported for the previous quarter, its fiscal Q2. This can be explained by two factors. First, China started to reopen its economy during the most recent quarter. While the country had been following a Zero COVID approach for sometime, that changed towards the end of the calendar year 2022. China's economic reopening has led to improving consumer sentiment, as consumers are willing to spend more when they aren't locked down and uncertain about their economic future. Business customers also are more active following China's reopening, thus activity increased in that segment as well.On top of that, there also is a seasonal impact at play, however. The fiscal third quarter almost always is a more active one compared to the fiscal second quarter for Alibaba due to the holiday impact (even though the Chinese New Year is in January or February). The 11/11 day, or Single's Day, plays a role in the fiscal third quarter being a stronger-than-average year for Alibaba and many other Chinese consumer companies. An improvement in BABA's sales from the fiscal second quarter to the fiscal third quarter would thus be expected even without the COVID policy change tailwind, but the positive impact of China's reopening will likely translate into a more pronounced quarter-to-quarter growth rate.Not surprisingly, the earnings per share estimate implies a considerable earnings improvement on a sequential basis as well. With rising revenues, profits are rising, all else equal. Due to the impact of operating leverage -- operating expenses are generally growing slower than revenues and gross profits -- earnings growth could be more pronounced than the company's sales growth. That is also what analysts are predicting, as the forecasted earnings per share increase of 35% is significantly larger than the forecasted revenue increase of 24%. It is likely that Alibaba's buybacks play a role here as well. The company is currently buying back shares under its $25 billion buyback authorization, thus a decline in the company's share count, both on a year-over-year basis as well as on a sequential basis, should positively impact Alibaba's earnings per share growth rate.The expected earnings per share of $2.44 for the quarter imply that Alibaba will earn $7.75 during the current year when we also factor in the current consensus estimate for Alibaba's fiscal fourth quarter (the one we are in right now). Of course, it would not be too surprising to see Alibaba outperform expectations, as that would be very much in line with the recent performance. Or, in other words, Wall Street analysts have a pretty clear track record of underestimating Alibaba, at least in the recent past:Seeking AlphaOver the last four quarters, Alibaba has beaten earnings per share estimates every single time. On average, the company beat estimates by $0.16, which is pretty meaningful. If the company were to beat estimates for the third quarter and the fourth quarter by a similar amount, actual earnings per share would come in around $8.10 for the current year, significantly above what analysts are predicting right now. This is, of course, not guaranteed, but I believe that an earnings beat is more likely than an earnings miss.When it comes to Alibaba's operational results, there's a couple of noteworthy items investors should account for when assessingAlibaba'sbusiness results. The first one of these isAlibaba'scustomer count growth. While Alibaba already has a large share of the addressable market in its home country, its growth potential in foreign markets is more pronounced. Ongoing growth in the number of users across Alibaba's platforms would be a good sign for BABA's longer-term international growth potential.Second, BABA's cloud growth performance is an important metric. China's cloud computing market is not as developed as that of the US or Europe, but BABA is one of the leading Chinese cloud players. During the most recent quarter, Alibaba's cloud computing revenue, including Alibaba Cloud and DingTalk, totaled $2.9 billion once inter-segment revenues are eliminated. That was up just 4% year over year, which was weaker compared to what many investors had expected. As BABA's cloud computing business is seen as an important growth driver going forward, an improvement in the sales growth rate for the unit would be a good sign. Since business customers likely have become less defensive during the fiscal third quarter as China started to reopen its economy, I believe that an improvement in the growth rate is likely, although not guaranteed. If BABA's cloud revenue growth rate remained weak during the quarter, that would be a bad sign for the company and its stock, as it would hurt one argument of the bull thesis. If cloud revenue growth improved, that would be a major positive, however. This would align with the belief that BABA's cloud business will eventually become a major growth driver for shareholder value -- potentially similar to what AWS has done for Amazon (AMZN), with the added benefit that BABA's core retail business is pretty profitable, which does not hold true for Amazon.When it comes to BABA's margin performance, the recent past has been positive. During the fiscal second quarter, Alibaba grew its adjusted EBITDA by 24%, relative to the previous year's quarter, which was the result of more cost-cutting efforts, as revenue had grown significantly less than 24% over the same time frame. Alibaba has brought down non-core spending in the recent past, which had a positive impact on profitability. It is likely that this trend persisted through the fiscal third quarter, which is why an improvement in BABA's bottom line during the quarter is likely, relative to one year earlier. Investors should be happy about this trend, of course, as improving margins mean that BABA could be able to grow its profit faster than its revenue. Since earnings, or earnings per share, ultimately impact a stock's price (at constant valuations, at least), earnings per share growth is one of the most important metrics for investors.Macro, Risks, And Final ThoughtsWith China's economic reopening, the macro picture for consumer spending in the country looks positive. At the same time, however, tensions exist between China and the US. Very recently, the US warned that China might provide more active support to Russia when it comes to the ongoing war in Ukraine. If that happens, tensions between the US and China could rise further, which could be a reason for US-based investors to sell shares of BABA, which could cause a declining share price. Tensions due to the brewing Taiwan conflict are another macro risk that should be considered by Alibaba's shareholders.Alibaba has seen its share price benefit from the fact that regulation seems to be a declining risk factor for BABA, although it still remains an issue investors should keep an eye on. Chinese regulators have recently allowed a capital increase for Ant Group, in which BABA owns a large position. This suggests that regulators have become less harsh when it comes to Ant Group, which, in turn, could be beneficial for BABA, where regulation has been a concern (and a bear argument) as well. While this risk has not vanished, it's good to see that things are seemingly moving in the right direction.To sum things up, Alibaba is well-positioned to benefit from the ongoing economic reopening in its most important market, and recent margin improvement initiatives have been paying off. BABA has a good chance of beating earnings estimates when it reports later this week, I believe. At current prices, BABA is trading for around 12x to 13x this year's expected net profit, while the earnings multiple based on next year's expected earnings per share is just 11. That upcoming fiscal year will start in April, or just above 2 months from now. While the risk factors have not ceased to exist, the regulatory risk has gotten less severe, I believe, and the low valuation could result in significant upside potential for BABA in the longer run.This article is written by Jonathan Weber for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954626044,"gmtCreate":1676337840088,"gmtModify":1676337843494,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"themes":[],"htmlText":"Cheers 🥂","listText":"Cheers 🥂","text":"Cheers 🥂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954626044","repostId":"1124797260","repostType":4,"repost":{"id":"1124797260","kind":"news","pubTimestamp":1676346759,"share":"https://ttm.financial/m/news/1124797260?lang=&edition=fundamental","pubTime":"2023-02-14 11:52","market":"us","language":"en","title":"Wall Street Trading Desks Map Out Game Plans for CPI Scenarios","url":"https://stock-news.laohu8.com/highlight/detail?id=1124797260","media":"Bloomberg","summary":"For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As in","content":"<html><head></head><body><p>For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As inflation cooled, Chairman Jerome Powell kept mostly quiet about a $5 trillion equity rally that many worry impedes his efforts to drain bloat from the economy.</p><p>Whether the peace can last will depend a lot on Tuesday’s consumer price index.</p><p>Consensus is building that a softer reading is likely to revive the new year’s equity rally while anything stronger may extend last week’s selloff in risky assets. Stocks and bonds have risen sharply since October when inflation reversed a two-year trend where CPI readings came in mostly stronger than expected. A simultaneous easing in financial conditions has repeatedly been brushed off by Powell despite questions over whether it hurts his goal of slowing demand and curbing inflation.</p><p>“I don’t think this Fed expected financial conditions to ease as much as they have, but as long as inflation keeps trending south, they’re not objecting,” Tony Pasquariello, a partner at Goldman Sachs Group Inc., wrote in a note Friday. “This only ups the ante for CPI.”</p><p>Which part of consumer prices investors will focus on and how they will place bets in various scenarios are where some of the differences lie. At least that’s according to the game plans presented by two of Wall Street’s most prominent sales and trading desks.</p><p>The team at JPMorgan Chase &amp; Co. put emphasis on the yearly change in the consumer price index. Economists expected a decline to 6.2% in January from 6.5% in the prior month.</p><p>Should the data come in near the estimate, confirming continued cooling in inflation, bond yields and the dollar will fall while technology and economically sensitive shares lead an advance in the S&amp;P 500. But any equity gains are likely to fade, they warned, once investors shift attention to a relatively slower pace of disinflation than the previous two months, where each CPI print saw a decrease of 60 basis points.</p><p>At Morgan Stanley, the trading desk focused on CPI’s month-over-month change, which the bank’s economists forecast to show a 0.4% increase. In the event of a soft print, say 0.2%, tech and consumer stocks will climb alongside a rally in fixed income. A hotter reading like 0.6%, however, is expected to spark a risk-off move that even cyclical shares poised to benefit from inflation can’t escape.</p><p>Predicting inflation has proved almost impossible in the post-pandemic world, not to mention market reactions to it. If anything, the exercise from the two firms offers a lens into the risks that investors are contending with.</p><p><img src=\"https://static.tigerbbs.com/511844d853423b5e45eb90c64143b284\" tg-width=\"631\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/>At JPMorgan, the trading team including Andrew Tyler saw an almost two-in-three chance for the CPI data to arrive within 20 basis points of the median estimate from economists.</p><p>After a surprise jump in Manheim’s used-vehicle price index, expectations for a hotter reading have grown. If inflation comes in above 6.5% — a scenario that Tyler’s team assigned a 5% probability, the S&amp;P 500 would drop 2.5% to 3%. Should that occur, invest should look to sell expensive software stocks and cryptocurrencies while buying Treasuries and the dollar, the team suggested.</p><p>“This bearish outcome would align with the resurgent inflation hypothesis and could be driven by services where the consumer has shown a rebound in spending, evidenced by the latest Manheim print,” they wrote in a note Friday. “More troubling for bulls is that this scenario would occur before we have witnessed an inflationary impulse from China.”</p><p>From stocks to bonds, financial assets last week halted their new-year bounce as Fed officials stressed the need to keep raising interest rates amid ongoing price pressures. Amid the hawkish remarks, traders ramped up bets on the Fed’s peak rate to around 5.2%, from under 5% earlier this month.</p><p>“The recent backup in bond yields may be enough such that we do not see another rate hike priced in given that we would have the March print before the next Fed meeting,” Tyler and his team said.</p></body></html>","source":"lsy1584095487587","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>Wall Street Trading Desks Map Out Game Plans for CPI Scenarios</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Trading Desks Map Out Game Plans for CPI Scenarios\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-14 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-13/wall-street-trading-desks-map-out-game-plans-for-cpi-scenarios?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As inflation cooled, Chairman Jerome Powell kept mostly quiet about a $5 trillion equity rally that many ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-13/wall-street-trading-desks-map-out-game-plans-for-cpi-scenarios?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-13/wall-street-trading-desks-map-out-game-plans-for-cpi-scenarios?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124797260","content_text":"For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As inflation cooled, Chairman Jerome Powell kept mostly quiet about a $5 trillion equity rally that many worry impedes his efforts to drain bloat from the economy.Whether the peace can last will depend a lot on Tuesday’s consumer price index.Consensus is building that a softer reading is likely to revive the new year’s equity rally while anything stronger may extend last week’s selloff in risky assets. Stocks and bonds have risen sharply since October when inflation reversed a two-year trend where CPI readings came in mostly stronger than expected. A simultaneous easing in financial conditions has repeatedly been brushed off by Powell despite questions over whether it hurts his goal of slowing demand and curbing inflation.“I don’t think this Fed expected financial conditions to ease as much as they have, but as long as inflation keeps trending south, they’re not objecting,” Tony Pasquariello, a partner at Goldman Sachs Group Inc., wrote in a note Friday. “This only ups the ante for CPI.”Which part of consumer prices investors will focus on and how they will place bets in various scenarios are where some of the differences lie. At least that’s according to the game plans presented by two of Wall Street’s most prominent sales and trading desks.The team at JPMorgan Chase & Co. put emphasis on the yearly change in the consumer price index. Economists expected a decline to 6.2% in January from 6.5% in the prior month.Should the data come in near the estimate, confirming continued cooling in inflation, bond yields and the dollar will fall while technology and economically sensitive shares lead an advance in the S&P 500. But any equity gains are likely to fade, they warned, once investors shift attention to a relatively slower pace of disinflation than the previous two months, where each CPI print saw a decrease of 60 basis points.At Morgan Stanley, the trading desk focused on CPI’s month-over-month change, which the bank’s economists forecast to show a 0.4% increase. In the event of a soft print, say 0.2%, tech and consumer stocks will climb alongside a rally in fixed income. A hotter reading like 0.6%, however, is expected to spark a risk-off move that even cyclical shares poised to benefit from inflation can’t escape.Predicting inflation has proved almost impossible in the post-pandemic world, not to mention market reactions to it. If anything, the exercise from the two firms offers a lens into the risks that investors are contending with.At JPMorgan, the trading team including Andrew Tyler saw an almost two-in-three chance for the CPI data to arrive within 20 basis points of the median estimate from economists.After a surprise jump in Manheim’s used-vehicle price index, expectations for a hotter reading have grown. If inflation comes in above 6.5% — a scenario that Tyler’s team assigned a 5% probability, the S&P 500 would drop 2.5% to 3%. Should that occur, invest should look to sell expensive software stocks and cryptocurrencies while buying Treasuries and the dollar, the team suggested.“This bearish outcome would align with the resurgent inflation hypothesis and could be driven by services where the consumer has shown a rebound in spending, evidenced by the latest Manheim print,” they wrote in a note Friday. “More troubling for bulls is that this scenario would occur before we have witnessed an inflationary impulse from China.”From stocks to bonds, financial assets last week halted their new-year bounce as Fed officials stressed the need to keep raising interest rates amid ongoing price pressures. Amid the hawkish remarks, traders ramped up bets on the Fed’s peak rate to around 5.2%, from under 5% earlier this month.“The recent backup in bond yields may be enough such that we do not see another rate hike priced in given that we would have the March print before the next Fed meeting,” Tyler and his team said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}