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Dave Fu

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2021-12-18

Wow

Wall Street ends down after mostly negative week

2021-12-18

Wow

EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7% and General Motors sliding 5%

2021-12-18

Good

抱歉，原内容已删除

2021-12-18

Wow

抱歉，原内容已删除

2021-12-16

Hodl

抱歉，原内容已删除

2021-11-17

Patience 👍

Baidu Q3 EPS $2.28 Beat $2.01 Est; Revenue $4.954B Missed $4.97B Est

2021-11-12

$TENCENT(00700)$Good

2021-11-12

$BIDU-SW(09888)$Steady

2021-11-10

$Micron Technology(MU)$Recovering

2021-11-10

$Micron Technology(MU)$steady

2021-11-09

$COMFORTDELGRO CORPORATION LTD(C52.SI)$Recovering

2021-11-06

$Intel(INTC)$Recovering

2021-11-05

$COMFORTDELGRO CORPORATION LTD(C52.SI)$recovering

2021-11-04

$Palantir Technologies Inc.(PLTR)$steady

2021-11-04

$Alibaba(09988)$HoDL

2021-11-02

$COMFORTDELGRO CORPORATION LTD(C52.SI)$Recovering

2021-11-01

$Palantir Technologies Inc.(PLTR)$Steady

2021-11-01

$LendingClub(LC)$Up

2021-11-01

Wow

Opinion:Here's the math for Tesla's stock price if it becomes the Apple of car makers

2021-10-29

$GAPACK(00468)$Recovering

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down after mostly negative week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-18 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116106959","content_text":"(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.\nAll three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.\nNvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.\nThe S&P 500 growth index lost 0.7% and the value index declined 1.4%.\nAll of the 11 major S&P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.\nAdding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.\nTraders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.\n\"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"\nHeavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&P 500 index gained around 23% in the same period.\nIn Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64.\nThe Nasdaq Composite dropped 0.07% to 15,169.68.\nOn a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.\nWith options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.\nFor the week, the S&P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.\nIn Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.\nFedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.\nThe S&P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699604891,"gmtCreate":1639788056209,"gmtModify":1639788056470,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave 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.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\">\nEV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7% and General Motors sliding 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 22:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7%, Lordstown&nbsp;Motors&nbsp;sliding&nbsp;6%&nbsp;and General Motors sliding 5%.<img src=\"https://static.tigerbbs.com/cd629a366b9a963976bc2a56e7c34763\" tg-width=\"282\" tg-height=\"468\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","RIVN":"Rivian Automotive, Inc.","GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113440959","content_text":"EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7%, Lordstown Motors sliding 6% and General Motors sliding 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👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878365527","repostId":"2184832803","repostType":2,"repost":{"id":"2184832803","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637150002,"share":"https://www.laohu8.com/m/news/2184832803?lang=&edition=full","pubTime":"2021-11-17 19:53","market":"hk","language":"en","title":"Baidu Q3 EPS $2.28 Beat $2.01 Est; Revenue $4.954B Missed $4.97B Est","url":"https://stock-news.laohu8.com/highlight/detail?id=2184832803","media":"Benzinga","summary":"Baidu Q3 EPS $2.28 Beat $2.01 Est; Revenue $4.954B Missed $4.97B Est","content":"<html><body><p>Baidu Q3 EPS $2.28 Beat $2.01 Est; Revenue $4.954B Missed $4.97B Est</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>Baidu Q3 EPS $2.28 Beat $2.01 Est; Revenue $4.954B Missed $4.97B Est</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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Inc.(PLTR)$</a>Steady&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$Steady","images":[{"img":"https://static.tigerbbs.com/f88dbd71d65532e2ef2069684ca35249","width":"750","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849329515","isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":849320944,"gmtCreate":1635730234210,"gmtModify":1635730234354,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LC\">$LendingClub(LC)$</a>Up&nbsp;","listText":"<a href=\"https://laohu8.com/S/LC\">$LendingClub(LC)$</a>Up&nbsp;","text":"$LendingClub(LC)$Up","images":[{"img":"https://static.tigerbbs.com/77c966321dc484e5b8ad4d9f34d55650","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849320944","isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":849364263,"gmtCreate":1635730184008,"gmtModify":1635730184111,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849364263","repostId":"2179471352","repostType":4,"repost":{"id":"2179471352","kind":"highlight","pubTimestamp":1635566092,"share":"https://www.laohu8.com/m/news/2179471352?lang=&edition=full","pubTime":"2021-10-30 11:54","market":"hk","language":"en","title":"Opinion:Here's the math for Tesla's stock price if it becomes the Apple of car makers","url":"https://stock-news.laohu8.com/highlight/detail?id=2179471352","media":"Market watch","summary":"For those that don’t know, in the early 2000s it was unimaginable that these legacy mobile phone manufacturers could disappear. In 2006, Research in Motion , the company making BlackBerrys, lost a patent suit against NTP and a U.S. District Court judge slapped an injunction on sales. The Defense Department stepped in, claiming that a Blackberry injunction was a threat to national security. Meanwhile, industry leader Nokia held a 40% market share and by the end of 2007 sported a $230 billion mark","content":"<p>Fans and shareholders of Tesla are making stronger and louder arguments about the future of their favorite company. In them, they draw analogies to one of the most successful brands and businesses in the history of capitalism. They suggest that automaking may go the way of handset manufacturing and that – for TeslaTSLA,+3.43%– there is a strong resemblance to the AppleAAPL,-1.82%vs. Nokia/Blackberry/Ericsson/Motorola dynamic.</p>\n<p>For those that don’t know, in the early 2000s it was unimaginable that these legacy mobile phone manufacturers could disappear. In 2006, Research in Motion (RIM), the company making BlackBerrys, lost a patent suit against NTP and a U.S. District Court judge slapped an injunction on sales. The Defense Department stepped in, claiming that a Blackberry injunction was a threat to national security. Meanwhile, industry leader Nokia held a 40% market share and by the end of 2007 sported a $230 billion market cap.</p>\n<p>But something else happened in 2007.</p>\n<p>Steve Jobs introduced the iPhone.</p>\n<p>And that changed the game for Nokia, Blackberry and the entire industry, forever.</p>\n<p>Coincidentally, Jobs introduced that iPhone seven months after Tesla introduced the Roadster at the San Francisco International Auto Show. Fast forward to 2021, and the bulls are suggesting that Apple’s overwhelming success in handset manufacturing can be mirrored in automobile manufacturing by Elon Musk’s Tesla.</p>\n<p>For this to happen, let’s first assume that within 15 years buyers will demand a broadly similar “form factor” for any vehicle. Today, there are 250 brands of cars sold to fit all appetites and budgets, and perhaps over 1,000 trims. Meanwhile, thanks to the iPhone, handset hardware has gone from a myriad of styles, sizes and forms to basically one.</p>\n<p>Similarly, let’s imagine that the production and value of automobiles and light trucks will become less about the style or performance that is demanded and instead mostly about the software inside the vehicle.</p>\n<p>Finally (and this is a huge debate, but) let’s presuppose that Tesla will have better software – most importantly better autonomous driving capability – than any other vendor or manufacturer, whether in Silicon Valley, Detroit, Wolfsburg or elsewhere.</p>\n<p>In other words, let’s assume that Tesla is going to become the Apple of automakers.</p>\n<p>To do this, we need to ignore that Apple is not just a handset manufacturer. In the first three quarters this year, it reported over $150 billion of iPhone sales, which represented 55% of total sales. It also reported sales from the “Services” segment, which included sales from advertising, digital content, AppleCare and other lines. If we assume all that revenue was driven by the iPhone (even though not all was), then we get the iPhone representing about 65%-70% of Apple’s sales.</p>\n<p>This implies Apple has a substantial business (about $110 billion this year) selling Macs, iPads, wearables and accessories too. So in our “Tesla is Apple” analogy, we need to assume that Tesla will make similar extensions into new products.</p>\n<p>We also need to ignore that most of the profit for Apple in handsets comes from mobile advertising and app sales, much of which Apple reports in that services segment noted above. Again, to stay in our framework, we also need to believe that Tesla would generate something similar via its over-the-air updates or its own app store.</p>\n<p>Making all these assumptions, then future margins in “automaking” – for at least one manufacturer – could theoretically start trending up toward the margins generated today by Apple.</p>\n<p>So in terms of handset market share, people around the world are going to buy approximately 1.4 billion handsets this year, and the average selling price will be about $320. Apple has about 16% of the global market, and will sell about 225 million iPhones.</p>\n<p>Just guessing here, but if these iPhones are sold at an average price of $890, then the average price of all the other phones sold in the world needs to be about $125 for the math to make sense. And because Apple can sell its iPhone at such a huge premium and produce remarkable revenues from advertising and app store sales, it generates a whopping 24% earnings margin.</p>\n<p>In comparison, VolkswagenVOW3,-0.49%VWAPY,-2.43%,which started operations in 1938, has worked its way up to a global market share of 12.0% and generates net income margins of 5.0%.</p>\n<p>Toyota7203,+0.33%TM,+0.05%,which also started operations in 1938, also has a global market share of 12.0% and generates even better net income margins of approximately 7.0%.</p>\n<p>Nokia, for what it is worth, generated 14% net margins before the iPhone changed the game.&nbsp; In other words, even before Apple showed up, handset manufacturing was over twice as profitable for market leaders as making cars.</p>\n<p>Anyway, folks around the world will buy about 75 million new cars this year, and at an average price of $30,000 (ballpark) this works out to over $2.2 trillion in sales. This is about five times larger than the handset market, which will come in at about $450 million. Toyota and Volkswagen are the largest – and best in class – scale automobile manufacturers in the world. Other groups, including FordF,+1.30%,Stellantis (FCA/Peugeot)STLA,-0.50%,DaimlerDAI,+2.25%,General MotorsGM,+0.35%,Honda7267,-0.53%HMC,-0.40%,BMWBMW,-0.11%and many others also have significant share.</p>\n<p>This year, Tesla will sell about a million cars, representing a global market share of 1.3%.</p>\n<p>And dare I say that each of Tesla’s competitors will be loath to surrender more market share, thus the huge amount of R&amp;D and capital spending they will devote to the upcoming transition to electric vehicles (EVs). On the CAPEX metric alone, we can see that these competitors will actually spend more next year than Tesla.</p>\n<p>A lot more.</p>\n<p><img src=\"https://static.tigerbbs.com/c0b0383d691f139a5d04a2a94c2bd399\" tg-width=\"699\" tg-height=\"481\" referrerpolicy=\"no-referrer\">ALBERT BRIDGE CAPITAL</p>\n<p>But still, let’s assume all the legacy automakers fail to maintain share. Let’s also envision that most of the profits in the industry will eventually go to Tesla (as they have in handsets to Apple).</p>\n<p>As a baseline, analysts anticipate that Tesla will generate over $50 billion in sales this year. Over 85% of these sales are related to its automotive business.</p>\n<p>In 2035, if EVs represents 95% of all new cars sold, and Tesla has the same 16% market share as Apple does today (significantly eclipsing that of VW or Toyota), it will be producing 22 million cars and light trucks, and generating sales of over $1 trillion.</p>\n<p>This year, analysts anticipate that Tesla will generate nearly $7 billion in adjusted net income (which will include approximately $1.2 billion in profits driven by regulatory credits).</p>\n<p>If Tesla were able to generate the same 24% net earnings margin as Apple does today (remember VW is at 5% and Toyota at 7%), then it would produce about $250 billion of earnings in 2035.</p>\n<p>As Tesla has grown from zero to one million cars, it has built production facilities in Freemont, Shanghai and soon Austin; battery-producing gigafactories in Nevada, Buffalo, Germany and Austin again; and other manufacturing and tooling facilities in Michigan, Ontario, Shanghai, two more in California and three more in Germany.</p>\n<p>To finance this expansion, Tesla went from 35 million diluted shares in 2009 to 641 million in 2015 to over 1.1 billion today. Of course some of these went to key executives in the firm as compensation, but for the most part, this share issuance helped to finance the firm’s stunning growth to date.</p>\n<p>And if Tesla is going to build over 20 million units a year (up from about 1 million this year), this will require a lot more capital. But given its strong share price and internal cash flow generation, let’s assume that the rate of new share issuance at Tesla will slow dramatically, to just 1.5% new shares per year. At this rate, they would have “only” 1.4 billion shares in 2035.</p>\n<p>And in that year, on production of 22 million vehicles at an average selling price of $46,000 (again, our guess) and doing 24% net earnings margins, this $250 billion of earnings would work out to about $178 per share.</p>\n<p>Given Tesla’s domination in this scenario where it maxes out its market share, the only negative is that it would no longer be a secular story, but one more exposed to the cyclical nature of automaking. So its huge amount of revenue and income would naturally be growing much more slowly by then. But, again for the sake of this exercise, let’s assume that Tesla will still find a way to continue to generate a consistent 10% EPS growth on that $250 billion number.</p>\n<p>And despite this slowing, let’s also assume that investors will want to pay a P/E ratio of over 20 for a now huge and cyclical business.</p>\n<p>On a P/E of 22.5, that would work out to a market cap of $5.6 trillion, and a share price of $4,000.</p>\n<p>These are big numbers. And despite what we hear from the more optimistic of the Tesla bulls, let’s also assume that today’s shareholders only hope to make 10% per year between now and 2035.</p>\n<p>If we discount that $4,000 by 10% back to today, the shares are worth $1,050.</p>\n<p>That is pretty close to where we are right now.</p>\n<p>So all that above is what needs to happen for $1,050 to be a fair share price today.</p>\n<p>Doubters, admittedly like us, will suggest that the execution risk is tremendous, and these market shares (and particularly the margins) may be impossible.</p>\n<p>Yet, despite the fact that we actually can’t ignore the differences between the mobile phone and automobile industries noted above, the believers – who may indeed be right – will literally need to see Apple-esque industry dynamics, market shares and earnings margins for this all to make sense.</p>\n<p>It is also important to consider that for there to be even more upside in the shares from current levels, Tesla will actually have to exceed everything that Apple has accomplished.</p>\n<p>Whether a bull or a bear, there is no doubting that what Musk has achieved thus far has been nothing short of incredible. Five years ago, few would have thought it even possible that Hertz would order 100,000 Teslas in a single order for its car rental fleet, or that Tesla would produce and sell a million cars in a single year.</p>\n<p>He will continue to do incredible things.&nbsp; He has changed the world and the mindset of his competitors. None of that is in question. The future that his share price is discounting is the question we are asking today.</p>","source":"lsy1616996754749","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>Opinion:Here's the math for Tesla's stock price if it becomes the Apple of car makers</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\">\nOpinion:Here's the math for Tesla's stock price if it becomes the Apple of car makers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-30 11:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/if-tesla-is-to-become-the-apple-of-car-makers-this-is-what-it-means-for-the-stock-price-and-the-business-11635513589?mod=home-page><strong>Market watch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fans and shareholders of Tesla are making stronger and louder arguments about the future of their favorite company. In them, they draw analogies to one of the most successful brands and businesses in ...</p>\n\n<a href=\"https://www.marketwatch.com/story/if-tesla-is-to-become-the-apple-of-car-makers-this-is-what-it-means-for-the-stock-price-and-the-business-11635513589?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/if-tesla-is-to-become-the-apple-of-car-makers-this-is-what-it-means-for-the-stock-price-and-the-business-11635513589?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179471352","content_text":"Fans and shareholders of Tesla are making stronger and louder arguments about the future of their favorite company. In them, they draw analogies to one of the most successful brands and businesses in the history of capitalism. They suggest that automaking may go the way of handset manufacturing and that – for TeslaTSLA,+3.43%– there is a strong resemblance to the AppleAAPL,-1.82%vs. Nokia/Blackberry/Ericsson/Motorola dynamic.\nFor those that don’t know, in the early 2000s it was unimaginable that these legacy mobile phone manufacturers could disappear. In 2006, Research in Motion (RIM), the company making BlackBerrys, lost a patent suit against NTP and a U.S. District Court judge slapped an injunction on sales. The Defense Department stepped in, claiming that a Blackberry injunction was a threat to national security. Meanwhile, industry leader Nokia held a 40% market share and by the end of 2007 sported a $230 billion market cap.\nBut something else happened in 2007.\nSteve Jobs introduced the iPhone.\nAnd that changed the game for Nokia, Blackberry and the entire industry, forever.\nCoincidentally, Jobs introduced that iPhone seven months after Tesla introduced the Roadster at the San Francisco International Auto Show. Fast forward to 2021, and the bulls are suggesting that Apple’s overwhelming success in handset manufacturing can be mirrored in automobile manufacturing by Elon Musk’s Tesla.\nFor this to happen, let’s first assume that within 15 years buyers will demand a broadly similar “form factor” for any vehicle. Today, there are 250 brands of cars sold to fit all appetites and budgets, and perhaps over 1,000 trims. Meanwhile, thanks to the iPhone, handset hardware has gone from a myriad of styles, sizes and forms to basically one.\nSimilarly, let’s imagine that the production and value of automobiles and light trucks will become less about the style or performance that is demanded and instead mostly about the software inside the vehicle.\nFinally (and this is a huge debate, but) let’s presuppose that Tesla will have better software – most importantly better autonomous driving capability – than any other vendor or manufacturer, whether in Silicon Valley, Detroit, Wolfsburg or elsewhere.\nIn other words, let’s assume that Tesla is going to become the Apple of automakers.\nTo do this, we need to ignore that Apple is not just a handset manufacturer. In the first three quarters this year, it reported over $150 billion of iPhone sales, which represented 55% of total sales. It also reported sales from the “Services” segment, which included sales from advertising, digital content, AppleCare and other lines. If we assume all that revenue was driven by the iPhone (even though not all was), then we get the iPhone representing about 65%-70% of Apple’s sales.\nThis implies Apple has a substantial business (about $110 billion this year) selling Macs, iPads, wearables and accessories too. So in our “Tesla is Apple” analogy, we need to assume that Tesla will make similar extensions into new products.\nWe also need to ignore that most of the profit for Apple in handsets comes from mobile advertising and app sales, much of which Apple reports in that services segment noted above. Again, to stay in our framework, we also need to believe that Tesla would generate something similar via its over-the-air updates or its own app store.\nMaking all these assumptions, then future margins in “automaking” – for at least one manufacturer – could theoretically start trending up toward the margins generated today by Apple.\nSo in terms of handset market share, people around the world are going to buy approximately 1.4 billion handsets this year, and the average selling price will be about $320. Apple has about 16% of the global market, and will sell about 225 million iPhones.\nJust guessing here, but if these iPhones are sold at an average price of $890, then the average price of all the other phones sold in the world needs to be about $125 for the math to make sense. And because Apple can sell its iPhone at such a huge premium and produce remarkable revenues from advertising and app store sales, it generates a whopping 24% earnings margin.\nIn comparison, VolkswagenVOW3,-0.49%VWAPY,-2.43%,which started operations in 1938, has worked its way up to a global market share of 12.0% and generates net income margins of 5.0%.\nToyota7203,+0.33%TM,+0.05%,which also started operations in 1938, also has a global market share of 12.0% and generates even better net income margins of approximately 7.0%.\nNokia, for what it is worth, generated 14% net margins before the iPhone changed the game.  In other words, even before Apple showed up, handset manufacturing was over twice as profitable for market leaders as making cars.\nAnyway, folks around the world will buy about 75 million new cars this year, and at an average price of $30,000 (ballpark) this works out to over $2.2 trillion in sales. This is about five times larger than the handset market, which will come in at about $450 million. Toyota and Volkswagen are the largest – and best in class – scale automobile manufacturers in the world. Other groups, including FordF,+1.30%,Stellantis (FCA/Peugeot)STLA,-0.50%,DaimlerDAI,+2.25%,General MotorsGM,+0.35%,Honda7267,-0.53%HMC,-0.40%,BMWBMW,-0.11%and many others also have significant share.\nThis year, Tesla will sell about a million cars, representing a global market share of 1.3%.\nAnd dare I say that each of Tesla’s competitors will be loath to surrender more market share, thus the huge amount of R&D and capital spending they will devote to the upcoming transition to electric vehicles (EVs). On the CAPEX metric alone, we can see that these competitors will actually spend more next year than Tesla.\nA lot more.\nALBERT BRIDGE CAPITAL\nBut still, let’s assume all the legacy automakers fail to maintain share. Let’s also envision that most of the profits in the industry will eventually go to Tesla (as they have in handsets to Apple).\nAs a baseline, analysts anticipate that Tesla will generate over $50 billion in sales this year. Over 85% of these sales are related to its automotive business.\nIn 2035, if EVs represents 95% of all new cars sold, and Tesla has the same 16% market share as Apple does today (significantly eclipsing that of VW or Toyota), it will be producing 22 million cars and light trucks, and generating sales of over $1 trillion.\nThis year, analysts anticipate that Tesla will generate nearly $7 billion in adjusted net income (which will include approximately $1.2 billion in profits driven by regulatory credits).\nIf Tesla were able to generate the same 24% net earnings margin as Apple does today (remember VW is at 5% and Toyota at 7%), then it would produce about $250 billion of earnings in 2035.\nAs Tesla has grown from zero to one million cars, it has built production facilities in Freemont, Shanghai and soon Austin; battery-producing gigafactories in Nevada, Buffalo, Germany and Austin again; and other manufacturing and tooling facilities in Michigan, Ontario, Shanghai, two more in California and three more in Germany.\nTo finance this expansion, Tesla went from 35 million diluted shares in 2009 to 641 million in 2015 to over 1.1 billion today. Of course some of these went to key executives in the firm as compensation, but for the most part, this share issuance helped to finance the firm’s stunning growth to date.\nAnd if Tesla is going to build over 20 million units a year (up from about 1 million this year), this will require a lot more capital. But given its strong share price and internal cash flow generation, let’s assume that the rate of new share issuance at Tesla will slow dramatically, to just 1.5% new shares per year. At this rate, they would have “only” 1.4 billion shares in 2035.\nAnd in that year, on production of 22 million vehicles at an average selling price of $46,000 (again, our guess) and doing 24% net earnings margins, this $250 billion of earnings would work out to about $178 per share.\nGiven Tesla’s domination in this scenario where it maxes out its market share, the only negative is that it would no longer be a secular story, but one more exposed to the cyclical nature of automaking. So its huge amount of revenue and income would naturally be growing much more slowly by then. But, again for the sake of this exercise, let’s assume that Tesla will still find a way to continue to generate a consistent 10% EPS growth on that $250 billion number.\nAnd despite this slowing, let’s also assume that investors will want to pay a P/E ratio of over 20 for a now huge and cyclical business.\nOn a P/E of 22.5, that would work out to a market cap of $5.6 trillion, and a share price of $4,000.\nThese are big numbers. And despite what we hear from the more optimistic of the Tesla bulls, let’s also assume that today’s shareholders only hope to make 10% per year between now and 2035.\nIf we discount that $4,000 by 10% back to today, the shares are worth $1,050.\nThat is pretty close to where we are right now.\nSo all that above is what needs to happen for $1,050 to be a fair share price today.\nDoubters, admittedly like us, will suggest that the execution risk is tremendous, and these market shares (and particularly the margins) may be impossible.\nYet, despite the fact that we actually can’t ignore the differences between the mobile phone and automobile industries noted above, the believers – who may indeed be right – will literally need to see Apple-esque industry dynamics, market shares and earnings margins for this all to make sense.\nIt is also important to consider that for there to be even more upside in the shares from current levels, Tesla will actually have to exceed everything that Apple has accomplished.\nWhether a bull or a bear, there is no doubting that what Musk has achieved thus far has been nothing short of incredible. Five years ago, few would have thought it even possible that Hertz would order 100,000 Teslas in a single order for its car rental fleet, or that Tesla would produce and sell a million cars in a single year.\nHe will continue to do incredible things.  He has changed the world and the mindset of his competitors. None of that is in question. The future that his share price is discounting is the question we are asking today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854544965,"gmtCreate":1635470594051,"gmtModify":1635470594469,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00468\">$GAPACK(00468)$</a>Recovering&nbsp;","listText":"<a href=\"https://laohu8.com/S/00468\">$GAPACK(00468)$</a>Recovering&nbsp;","text":"$GAPACK(00468)$Recovering","images":[{"img":"https://static.tigerbbs.com/cc8f45f0af0aee62ae2bc659cde3eaff","width":"750","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854544965","isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":812911199,"gmtCreate":1630546154011,"gmtModify":1632473469255,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave 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REIT(BTOU.SI)$</a>Steady&nbsp;","listText":"<a href=\"https://laohu8.com/S/BTOU.SI\">$MANULIFE US REIT(BTOU.SI)$</a>Steady&nbsp;","text":"$MANULIFE US REIT(BTOU.SI)$Steady","images":[{"img":"https://static.tigerbbs.com/69454c66d01fe8cb5bed3070ece7443b","width":"750","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/827155852","isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":0,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"content":"Congratulations 👍😊🎊🎉🎊","text":"Congratulations 👍😊🎊🎉🎊","html":"Congratulations 👍😊🎊🎉🎊"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":828903453,"gmtCreate":1633829373153,"gmtModify":1633829373235,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Hopefully&nbsp;","listText":"Hopefully&nbsp;","text":"Hopefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/828903453","repostId":"1194780749","repostType":4,"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888039937,"gmtCreate":1631412210529,"gmtModify":1631891257155,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave 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…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/803229449","repostId":"2154163579","repostType":4,"isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860580347,"gmtCreate":1632188165389,"gmtModify":1632802202526,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Breathe in breathe out&nbsp;","listText":"Breathe in breathe out&nbsp;","text":"Breathe in breathe out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/860580347","repostId":"2169681424","repostType":4,"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816983421,"gmtCreate":1630460476963,"gmtModify":1633677898569,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Steady&nbsp;","listText":"Steady&nbsp;","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816983421","repostId":"2164869989","repostType":4,"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171364251,"gmtCreate":1626707089773,"gmtModify":1633924742886,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Patience&nbsp;","listText":"Patience&nbsp;","text":"Patience","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171364251","repostId":"1155543383","repostType":4,"repost":{"id":"1155543383","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":1626701304,"share":"https://www.laohu8.com/m/news/1155543383?lang=&edition=full","pubTime":"2021-07-19 21:28","market":"us","language":"en","title":"US stocks sink at open on renewed virus fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1155543383","media":"Tiger Newspress","summary":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasd","content":"<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stocks sink at open on renewed virus fears</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\">\nUS stocks sink at open on renewed virus fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-19 21:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155543383","content_text":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.\n\nThe S&P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.\n\nA rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":859620734,"gmtCreate":1634693385768,"gmtModify":1634693386104,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>Good&nbsp;","listText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>Good&nbsp;","text":"$BIDU-SW(09888)$Good","images":[{"img":"https://static.tigerbbs.com/830f373da02d8e865294b69cd3722c60","width":"750","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/859620734","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":0,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"content":"Congratulations 👍😊🎉🎊🎉","text":"Congratulations 👍😊🎉🎊🎉","html":"Congratulations 👍😊🎉🎊🎉"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":826120405,"gmtCreate":1633998154149,"gmtModify":1633998154231,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/826120405","repostId":"2174186522","repostType":4,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860589657,"gmtCreate":1632188236879,"gmtModify":1632802201412,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/860589657","repostId":"1150093379","repostType":4,"repost":{"id":"1150093379","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1632187101,"share":"https://www.laohu8.com/m/news/1150093379?lang=&edition=full","pubTime":"2021-09-21 09:18","market":"us","language":"en","title":"Why Elon Musk is One of the Most Influential People in Finance Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1150093379","media":"Benzinga","summary":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are ","content":"<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding&nbsp;apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p>\n<p><img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p>\n<p>Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p>\n<p><b>Who Is Elon Musk?</b></p>\n<p>Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p>\n<p><b>A Glance into Elon Musk's Early Years</b></p>\n<p>Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p>\n<p>Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p>\n<p><b>The challenges Elon faced</b></p>\n<p>Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p>\n<p>Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p>\n<p><b>Education</b></p>\n<p>His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p>\n<p>Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p>\n<p>The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p>\n<p>Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p>\n<p><b>Why Elon Musk is the Most Influential</b></p>\n<p>It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p>\n<p>Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p>\n<p><b>His Impact on the Surge in Cryptocurrency Value</b></p>\n<p>An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p>\n<p>Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p>\n<p>The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p>\n<p>That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p>\n<p><b>Elon Started His Success Story as the Co-Founder of Tesla</b></p>\n<p>This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p>\n<p>Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p>\n<p>Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p>\n<p><b>Pioneer in online payment systems</b></p>\n<p>In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p>\n<p>With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p>\n<p>All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p>\n<p><b>Contributions in SpaceX</b></p>\n<p>Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p>\n<p>His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p>\n<p><b>The Idea of Making Phone Calls from Computers</b></p>\n<p>Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p>\n<p>His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p>\n<p><b>The Boring Company</b></p>\n<p>In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p>\n<p>The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p>\n<p>In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p>\n<p>The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p>\n<p><b>A Few Secrets of Elon Musk’s Success</b></p>\n<p>Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p>\n<p><b>Money Is Not the Goal</b></p>\n<p>For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p>\n<p>However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p>\n<p>Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p>\n<p>Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p>\n<p>Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p>\n<p><b>Making Sure to Pursue Your Passion</b></p>\n<p>Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p>\n<p>His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p>\n<p>Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p>\n<p>During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p>\n<p>Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t&nbsp;really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p>\n<p>Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p>\n<p>While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p>\n<p><b>Taking the Chance to Think Big</b></p>\n<p>The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p>\n<p>Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p>\n<p>Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p>\n<p>Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p>\n<p>As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p>\n<p>On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p>\n<p>Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p>\n<p><b>Getting Ready for Risks</b></p>\n<p>With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p>\n<p>For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p>\n<p>His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p>\n<p>While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p>\n<p>Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p>\n<p>We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p>\n<p>Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p>\n<p><b>Ignore Those Who Criticize</b></p>\n<p>While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p>\n<p>However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p>\n<p>Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p>\n<p>Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p>\n<p>So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p>\n<p><b>The Takeaway</b></p>\n<p>Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p>\n<p>Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Elon Musk is One of the Most Influential People in Finance Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Elon Musk is One of the Most Influential People in Finance Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-21 09:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding&nbsp;apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p>\n<p><img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p>\n<p>Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p>\n<p><b>Who Is Elon Musk?</b></p>\n<p>Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p>\n<p><b>A Glance into Elon Musk's Early Years</b></p>\n<p>Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p>\n<p>Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p>\n<p><b>The challenges Elon faced</b></p>\n<p>Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p>\n<p>Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p>\n<p><b>Education</b></p>\n<p>His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p>\n<p>Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p>\n<p>The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p>\n<p>Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p>\n<p><b>Why Elon Musk is the Most Influential</b></p>\n<p>It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p>\n<p>Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p>\n<p><b>His Impact on the Surge in Cryptocurrency Value</b></p>\n<p>An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p>\n<p>Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p>\n<p>The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p>\n<p>That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p>\n<p><b>Elon Started His Success Story as the Co-Founder of Tesla</b></p>\n<p>This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p>\n<p>Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p>\n<p>Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p>\n<p><b>Pioneer in online payment systems</b></p>\n<p>In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p>\n<p>With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p>\n<p>All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p>\n<p><b>Contributions in SpaceX</b></p>\n<p>Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p>\n<p>His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p>\n<p><b>The Idea of Making Phone Calls from Computers</b></p>\n<p>Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p>\n<p>His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p>\n<p><b>The Boring Company</b></p>\n<p>In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p>\n<p>The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p>\n<p>In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p>\n<p>The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p>\n<p><b>A Few Secrets of Elon Musk’s Success</b></p>\n<p>Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p>\n<p><b>Money Is Not the Goal</b></p>\n<p>For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p>\n<p>However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p>\n<p>Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p>\n<p>Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p>\n<p>Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p>\n<p><b>Making Sure to Pursue Your Passion</b></p>\n<p>Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p>\n<p>His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p>\n<p>Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p>\n<p>During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p>\n<p>Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t&nbsp;really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p>\n<p>Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p>\n<p>While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p>\n<p><b>Taking the Chance to Think Big</b></p>\n<p>The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p>\n<p>Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p>\n<p>Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p>\n<p>Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p>\n<p>As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p>\n<p>On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p>\n<p>Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p>\n<p><b>Getting Ready for Risks</b></p>\n<p>With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p>\n<p>For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p>\n<p>His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p>\n<p>While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p>\n<p>Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p>\n<p>We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p>\n<p>Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p>\n<p><b>Ignore Those Who Criticize</b></p>\n<p>While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p>\n<p>However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p>\n<p>Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p>\n<p>Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p>\n<p>So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p>\n<p><b>The Takeaway</b></p>\n<p>Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p>\n<p>Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150093379","content_text":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.\n\nSurveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.\nWho Is Elon Musk?\nElon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.\nA Glance into Elon Musk's Early Years\nUndeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.\nElon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.\nThe challenges Elon faced\nElon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.\nInstead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.\nEducation\nHis inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.\nElon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.\nThe bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.\nBesides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.\nWhy Elon Musk is the Most Influential\nIt will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.\nBelow are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"\nHis Impact on the Surge in Cryptocurrency Value\nAn average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.\nFollowing the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.\nThe value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.\nThat was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.\nElon Started His Success Story as the Co-Founder of Tesla\nThis is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.\nLater on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.\nTesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.\nPioneer in online payment systems\nIn 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.\nWith $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.\nAll credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.\nContributions in SpaceX\nElon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.\nHis prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.\nThe Idea of Making Phone Calls from Computers\nElon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.\nHis concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.\nThe Boring Company\nIn late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.\nThe goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.\nIn 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.\nThe Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.\nA Few Secrets of Elon Musk’s Success\nMany people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:\nMoney Is Not the Goal\nFor most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.\nHowever, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.\nElon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.\nTesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.\nInterestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.\nMaking Sure to Pursue Your Passion\nSpeaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.\nHis company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.\nElon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.\nDuring these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.\nAgain, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.\nElon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.\nWhile there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.\nTaking the Chance to Think Big\nThe discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.\nJust a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.\nDo we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.\nElon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.\nAs a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.\nOn the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.\nKeeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).\nGetting Ready for Risks\nWith big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.\nFor example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.\nHis plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.\nWhile he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.\nElon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.\nWe all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.\nBankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.\nIgnore Those Who Criticize\nWhile bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.\nHowever, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.\nElon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.\nOverall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.\nSo far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.\nThe Takeaway\nElon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.\nDespite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814261410,"gmtCreate":1630826229130,"gmtModify":1631893112202,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Cautious&nbsp;","listText":"Cautious&nbsp;","text":"Cautious","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/814261410","repostId":"1157895022","repostType":4,"repost":{"id":"1157895022","kind":"news","pubTimestamp":1630810619,"share":"https://www.laohu8.com/m/news/1157895022?lang=&edition=full","pubTime":"2021-09-05 10:56","market":"us","language":"en","title":"Beat the market with this quant system that’s very bullish on stocks at record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1157895022","media":"MarketWatch","summary":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do ","content":"<blockquote>\n <b>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.</b>\n</blockquote>\n<p>Imagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.</p>\n<p>That’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.</p>\n<p>Howard and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.</p>\n<p>His HCM Tactical Growth Fund&nbsp;HCMGX,+0.35%beats its Russell 1000&nbsp;benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.</p>\n<p>There are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?</p>\n<p>So-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.</p>\n<p>Here are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.</p>\n<p><b>Lesson #1: Don’t be emotional</b></p>\n<p>It’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.</p>\n<p>Likewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.</p>\n<p>To do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”</p>\n<p><b>Lesson #2: Have a system and stick to it</b></p>\n<p>To exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.</p>\n<p>The HCM-BuyLine basically works like this. First, rather than use the S&amp;P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.</p>\n<p>When the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.</p>\n<p>“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”</p>\n<p>Right now, it’s bullish. (More on this below.)</p>\n<p>Your system also has to tell you when to get back in.</p>\n<p>“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.</p>\n<p>You don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.</p>\n<p>“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”</p>\n<p>His system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.</p>\n<p>“The HCM-BuyLine takes all the emotion out of the process,” says Howard.</p>\n<p><b>Lesson #3: Don’t fight the tape</b></p>\n<p>This concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”</p>\n<p>“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”</p>\n<p>In other words, don’t try to be a hero.</p>\n<p>“Sometimes, not losing money is where you want to be,” he says.</p>\n<p>Likewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.</p>\n<p><b>Lesson #4: Keep it simple</b></p>\n<p>As you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.</p>\n<p>“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”</p>\n<p><b>Lesson #5: How to trade the current market</b></p>\n<p>First, be long.</p>\n<p>“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”</p>\n<p>One bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”</p>\n<p>Howard uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.</p>\n<p>He likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.</p>\n<p>He likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and&nbsp;iShares SemiconductorSOXX,+0.75%.</p>\n<p>He likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.</p>\n<p>As for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.</p>\n<p>Also consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.</p>\n<p>He prefers to add to holdings on 1%-3% dips.</p>\n<p><b>A few drawbacks</b></p>\n<p>His HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.</p>\n<p>Every manager, including Warren Buffett, can have a stretch of underperformance, says Howard.</p>\n<p>“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”</p>\n<p>Another challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.</p>","source":"lsy1603348471595","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>Beat the market with this quant system that’s very bullish on stocks at record highs</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\">\nBeat the market with this quant system that’s very bullish on stocks at record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-05 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making ...</p>\n\n<a href=\"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page\">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.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157895022","content_text":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.\nThat’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.\nHoward and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.\nHis HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.\nThere are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?\nSo-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.\nHere are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.\nLesson #1: Don’t be emotional\nIt’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.\nLikewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.\nTo do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”\nLesson #2: Have a system and stick to it\nTo exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.\nThe HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.\nWhen the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.\n“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”\nRight now, it’s bullish. (More on this below.)\nYour system also has to tell you when to get back in.\n“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.\nYou don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.\n“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”\nHis system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.\n“The HCM-BuyLine takes all the emotion out of the process,” says Howard.\nLesson #3: Don’t fight the tape\nThis concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”\n“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”\nIn other words, don’t try to be a hero.\n“Sometimes, not losing money is where you want to be,” he says.\nLikewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.\nLesson #4: Keep it simple\nAs you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.\n“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”\nLesson #5: How to trade the current market\nFirst, be long.\n“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”\nOne bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”\nHoward uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.\nHe likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.\nHe likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.\nHe likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.\nAs for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.\nAlso consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.\nHe prefers to add to holdings on 1%-3% dips.\nA few drawbacks\nHis HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.\nEvery manager, including Warren Buffett, can have a stretch of underperformance, says Howard.\n“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”\nAnother challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818975333,"gmtCreate":1630373513122,"gmtModify":1704959281162,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Steady&nbsp;","listText":"Steady&nbsp;","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818975333","repostId":"2163833181","repostType":4,"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807075698,"gmtCreate":1627993411614,"gmtModify":1633754586342,"author":{"id":"3582630305022272","authorId":"3582630305022272","name":"Dave Fu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582630305022272","authorIdStr":"3582630305022272"},"themes":[],"htmlText":"Keep going&nbsp;","listText":"Keep going&nbsp;","text":"Keep going","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807075698","repostId":"1169635195","repostType":4,"repost":{"id":"1169635195","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":1627988246,"share":"https://www.laohu8.com/m/news/1169635195?lang=&edition=full","pubTime":"2021-08-03 18:57","market":"us","language":"en","title":"Alibaba EPS beats by RMB2.27, misses on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1169635195","media":"Tiger Newspress","summary":" $Alibaba$ posted financial result in premarket, which showed that:. Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.Revenue was RMB205,740 million , an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million .Annual active consumersof the Alibaba Ecosystem across the world reached app","content":"<p>(August 3)&nbsp;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a> posted&nbsp;financial&nbsp;result&nbsp;in&nbsp;premarket,&nbsp;which&nbsp;showed&nbsp;that:</p>\n<p>Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.</p>\n<p>Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.</p>\n<p><b>BUSINESS HIGHLIGHTS</b></p>\n<p><b>In the quarter ended June 30, 2021:</b></p>\n<ul>\n <li><b>Revenue</b>&nbsp;was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).</li>\n <li><b>Annual active consumers</b>of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li>\n <li><b>Income from operations</b>&nbsp;was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.</li>\n <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB45,141 million (US$6,991 million),and<b>net income</b>was RMB42,835 million (US$6,634 million).<b>Non-GAAP net income</b>&nbsp;was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.</li>\n <li><b>Diluted earnings per ADS</b>&nbsp;was RMB16.38 (US$2.54) and<b>diluted earnings per share</b>was RMB2.05 (US$0.32 or HK$2.46).<b>Non-GAAP diluted earnings per ADS</b>was RMB16.60 (US$2.57), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.</li>\n <li><b>Net cashprovided by operating activities</b>&nbsp;was RMB33,603 million (US$5,204 million).<b>Non-GAAP free cash flow</b>was RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/11aa08a1ccb4f80e6867c7e7631297c8\" tg-width=\"719\" tg-height=\"863\" referrerpolicy=\"no-referrer\"></p>\n<p><b>China Retail Marketplaces</b></p>\n<p>In June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.</p>\n<p><b>Cloud Computing</b></p>\n<p>In the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.</p>\n<p><b>Cash Flow from Operating Activities and Free Cash Flow</b></p>\n<p>In the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p>\n<p><b>Increasing Share Repurchases</b></p>\n<p>Since April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.</p>\n<p><img src=\"https://static.tigerbbs.com/58bf53593de78f5f6e4fa1096d7aae94\" tg-width=\"757\" tg-height=\"793\" referrerpolicy=\"no-referrer\"></p>\n<p>We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p>\n<p>In June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.</p>\n<p>“Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”</p>\n<p>“We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba EPS beats by RMB2.27, misses on revenue</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 EPS beats by RMB2.27, misses on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-03 18:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(August 3)&nbsp;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a> posted&nbsp;financial&nbsp;result&nbsp;in&nbsp;premarket,&nbsp;which&nbsp;showed&nbsp;that:</p>\n<p>Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.</p>\n<p>Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.</p>\n<p><b>BUSINESS HIGHLIGHTS</b></p>\n<p><b>In the quarter ended June 30, 2021:</b></p>\n<ul>\n <li><b>Revenue</b>&nbsp;was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).</li>\n <li><b>Annual active consumers</b>of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li>\n <li><b>Income from operations</b>&nbsp;was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.</li>\n <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB45,141 million (US$6,991 million),and<b>net income</b>was RMB42,835 million (US$6,634 million).<b>Non-GAAP net income</b>&nbsp;was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.</li>\n <li><b>Diluted earnings per ADS</b>&nbsp;was RMB16.38 (US$2.54) and<b>diluted earnings per share</b>was RMB2.05 (US$0.32 or HK$2.46).<b>Non-GAAP diluted earnings per ADS</b>was RMB16.60 (US$2.57), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.</li>\n <li><b>Net cashprovided by operating activities</b>&nbsp;was RMB33,603 million (US$5,204 million).<b>Non-GAAP free cash flow</b>was RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/11aa08a1ccb4f80e6867c7e7631297c8\" tg-width=\"719\" tg-height=\"863\" referrerpolicy=\"no-referrer\"></p>\n<p><b>China Retail Marketplaces</b></p>\n<p>In June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.</p>\n<p><b>Cloud Computing</b></p>\n<p>In the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.</p>\n<p><b>Cash Flow from Operating Activities and Free Cash Flow</b></p>\n<p>In the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p>\n<p><b>Increasing Share Repurchases</b></p>\n<p>Since April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.</p>\n<p><img src=\"https://static.tigerbbs.com/58bf53593de78f5f6e4fa1096d7aae94\" tg-width=\"757\" tg-height=\"793\" referrerpolicy=\"no-referrer\"></p>\n<p>We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p>\n<p>In June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.</p>\n<p>“Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”</p>\n<p>“We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169635195","content_text":"(August 3) Alibaba posted financial result in premarket, which showed that:\nAlibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.\nAlibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.\nBUSINESS HIGHLIGHTS\nIn the quarter ended June 30, 2021:\n\nRevenue was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).\nAnnual active consumersof the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.\nIncome from operations was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.Adjusted EBITDA, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).Adjusted EBITA, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.\nNet income attributable to ordinary shareholders was RMB45,141 million (US$6,991 million),andnet incomewas RMB42,835 million (US$6,634 million).Non-GAAP net income was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.\nDiluted earnings per ADS was RMB16.38 (US$2.54) anddiluted earnings per sharewas RMB2.05 (US$0.32 or HK$2.46).Non-GAAP diluted earnings per ADSwas RMB16.60 (US$2.57), an increase of 12% year-over-year andnon-GAAP diluted earnings per sharewas RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.\nNet cashprovided by operating activities was RMB33,603 million (US$5,204 million).Non-GAAP free cash flowwas RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.\n\n\nChina Retail Marketplaces\nIn June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.\nCloud Computing\nIn the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.\nCash Flow from Operating Activities and Free Cash Flow\nIn the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.\nIncreasing Share Repurchases\nSince April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.\n\nWe are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”\nIn June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.\n“Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”\n“We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. 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