个人中心 - 老虎社区

NCM

IP属地：未知

帖子 · 128帖子 · 128
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- NCMNCM
  ·2021-11-25
  Ok
  ASML: It's A Leading Semiconductor Player, But Don't Buy Now
  Summary ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edg
  ASML: It's A Leading Semiconductor Player, But Don't Buy Now
  1,334 评论
  2
  分享
  举报
- NCMNCM
  ·2021-10-21
  Ok
  非常抱歉，此主贴已删除
  1,360 2
  3
  分享
  举报
- NCMNCM
  ·2021-10-14
  Ok
  非常抱歉，此主贴已删除
  846 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-10-08
  Read
  非常抱歉，此主贴已删除
  1,438 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-10-07
  Read
  The 4 catalysts that could drive Amazon 29% higher in the next year, according to JPMorgan
  Amazon stock's recent underperformance relative to the S&P 500 over the past year could soon be reve
  The 4 catalysts that could drive Amazon 29% higher in the next year, according to JPMorgan
  1,300 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-09-23
  Read
  Stephen Weiss Shares His Next Steps For His FedEx Position
  Stephen Weiss spoke on CNBC's "Fast Money Halftime Report" about FedEx Corporation (NYSE: FDX), whic
  Stephen Weiss Shares His Next Steps For His FedEx Position
  352 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-09-21
  Read
  Wait for the Dust To Settle Before Buying Roku Stock
  Despite its strengths, market-related factors could push hard-hit ROKU stock to even lower prices.
  Wait for the Dust To Settle Before Buying Roku Stock
  536 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-09-10
  Good sign
  非常抱歉，此主贴已删除
  623 1
  点赞
  分享
  举报
- NCMNCM
  ·2021-09-07
  Read
  非常抱歉，此主贴已删除
  468 评论
  点赞
  分享
  举报
- NCMNCM
  ·2021-09-03
  Good
  非常抱歉，此主贴已删除
  789 评论
  点赞
  分享
  举报

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3567832114052050","uuid":"3567832114052050","gmtCreate":1604738327859,"gmtModify":1611372352583,"name":"NCM","pinyin":"ncm","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":16,"headSize":216,"tweetSize":128,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.10%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.05%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":874440711,"gmtCreate":1637815500827,"gmtModify":1637815500940,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874440711","repostId":"1183200074","repostType":4,"repost":{"id":"1183200074","kind":"news","pubTimestamp":1637811543,"share":"https://www.laohunote.com/m/news/1183200074?lang=&edition=full","pubTime":"2021-11-25 11:39","market":"us","language":"en","title":"ASML: It's A Leading Semiconductor Player, But Don't Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1183200074","media":"Seeking Alpha","summary":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edg","content":"<p><b>Summary</b></p>\n<ul>\n <li>ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.</li>\n <li>Investors have been willing to pay up for its dominance in this market.</li>\n <li>However, its current valuation looks stretched, as growth is expected to slow.</li>\n <li>We discuss why we think investors should wait for a deeper retracement first before considering adding exposure.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6d47b090e53e0f884bb297357356fb\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>ASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.</p>\n<p>ASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.</p>\n<p>Nevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.</p>\n<p><b>ASML Stock YTD Performance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169b4c2f1ad5b898301963a7c316e12e\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>ASML stock YTD performance (as of 23 November 21).</span></p>\n<p>It has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.</p>\n<p><b>A Strong 2021 for ASML. What about its Prognosis Moving Forward?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2983887c701a83a264bdfae1302ba7c4\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>SEMI 2021 mid-year total equipment forecast by segment. Source: SEMI</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d62038d494d773331d57f45fb3bf07df\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML quarterly revenue &amp; YoY change. Data source: S&amp;P Capital IQ</span></p>\n<p>It has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):</p>\n<blockquote>\n <i>We're seeing continued strong demand from our customers across all market segments</i>from both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.\n <i>Therefore, we continue to increase our capacity</i>for all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e67ec84e5d14097765f5787d32fe192e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML share of revenue by technology. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3380359fecb47be9aa6ce3c11d93d88d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML sales count of EUV machines. Data source: Company filings</span></p>\n<p>EUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.</p>\n<p>Nevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.</p>\n<p>TSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:</p>\n<blockquote>\n Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)\n</blockquote>\n<p>Hence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.</p>\n<p>In addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"</p>\n<p>Even ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):</p>\n<blockquote>\n <i>So -- and the real answer is we don't know</i>. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.\n <i>So there is this underlying trend that we really don't understand fully.</i>(from ASML's FQ3'21 earnings call)\n</blockquote>\n<p><b>So, is ASML Stock a Buy Now?</b></p>\n<p>Much has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.</p>\n<p>Mordor Intelligence estimates that the&nbsp;EUV market would grow by a CAGR of 15%&nbsp;from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):</p>\n<blockquote>\n Yes. I mean, we have corrections.\n <i>We have always seen corrections in our industry. I'm not going to say that they're not there</i>. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc259fe73c80630f1e3482dab4712cca\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML est. revenue mean consensus. Data source: S&amp;P Capital IQ</span></p>\n<p>We applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44c022f15bd09540111ab4db82dcff88\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML EV/Fwd EBITDA valuation trend. Data source: S&amp;P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67bc2b2d8f96dd007a5c727b7b0762c7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>ASML stock EV/NTM EBITDA 3Y mean.</span></p>\n<p>We believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.</p>\n<p>However, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.</p>\n<p>There is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.</p>\n<p>Consequently, we<i>rate ASML at Neutral for now</i>. But we may consider adding exposure if we observe a meaningful retracement.</p>\n<p>Written by&nbsp;JR Research</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>ASML: It's A Leading Semiconductor Player, But Don't Buy Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASML: It's A Leading Semiconductor Player, But Don't Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-25 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.\nInvestors have been willing to pay up for its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183200074","content_text":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.\nInvestors have been willing to pay up for its dominance in this market.\nHowever, its current valuation looks stretched, as growth is expected to slow.\nWe discuss why we think investors should wait for a deeper retracement first before considering adding exposure.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.\nASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.\nNevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.\nASML Stock YTD Performance\nASML stock YTD performance (as of 23 November 21).\nIt has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.\nA Strong 2021 for ASML. What about its Prognosis Moving Forward?\nSEMI 2021 mid-year total equipment forecast by segment. Source: SEMI\nASML quarterly revenue & YoY change. Data source: S&P Capital IQ\nIt has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):\n\nWe're seeing continued strong demand from our customers across all market segmentsfrom both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.\n Therefore, we continue to increase our capacityfor all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)\n\nASML share of revenue by technology. Data source: Company filings\nASML sales count of EUV machines. Data source: Company filings\nEUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.\nNevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.\nTSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:\n\n Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)\n\nHence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.\nIn addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"\nEven ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):\n\nSo -- and the real answer is we don't know. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.\n So there is this underlying trend that we really don't understand fully.(from ASML's FQ3'21 earnings call)\n\nSo, is ASML Stock a Buy Now?\nMuch has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.\nMordor Intelligence estimates that the EUV market would grow by a CAGR of 15% from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):\n\n Yes. I mean, we have corrections.\n We have always seen corrections in our industry. I'm not going to say that they're not there. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)\n\nASML est. revenue mean consensus. Data source: S&P Capital IQ\nWe applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.\nASML EV/Fwd EBITDA valuation trend. Data source: S&P Capital IQ\nASML stock EV/NTM EBITDA 3Y mean.\nWe believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.\nHowever, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.\nThere is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.\nConsequently, werate ASML at Neutral for now. But we may consider adding exposure if we observe a meaningful retracement.\nWritten by JR Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853891602,"gmtCreate":1634785614466,"gmtModify":1634785717724,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/853891602","repostId":"1197031747","repostType":4,"isVote":1,"tweetType":1,"viewCount":1360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825028973,"gmtCreate":1634180091046,"gmtModify":1634180091202,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825028973","repostId":"2175129162","repostType":4,"isVote":1,"tweetType":1,"viewCount":846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823464131,"gmtCreate":1633655542232,"gmtModify":1633655542602,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823464131","repostId":"2173594243","repostType":4,"isVote":1,"tweetType":1,"viewCount":1438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823849937,"gmtCreate":1633614511125,"gmtModify":1633614511522,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823849937","repostId":"1140731116","repostType":4,"repost":{"id":"1140731116","kind":"news","pubTimestamp":1633590877,"share":"https://www.laohunote.com/m/news/1140731116?lang=&edition=full","pubTime":"2021-10-07 15:14","market":"us","language":"en","title":"The 4 catalysts that could drive Amazon 29% higher in the next year, according to JPMorgan","url":"https://stock-news.laohu8.com/highlight/detail?id=1140731116","media":"Business Insider","summary":"Amazon stock's recent underperformance relative to the S&P 500 over the past year could soon be reve","content":"<ul>\n <li><b>Amazon stock's recent underperformance relative to the S&amp;P 500 over the past year could soon be reversed, according to JPMorgan.</b></li>\n <li><b>The bank reiterated its Overweight rating and $4,100 price target for Amazon, a potential upside of 29% from Monday's close.</b></li>\n <li><b>These are the 4 catalysts that could send shares of Amazon higher over the next year.</b></li>\n</ul>\n<p>Amazon&nbsp;stock has been a significant underperformer for investors over the past year, but that trend could be set to change on four key catalysts,JPMorgan&nbsp;said in a note on Tuesday.</p>\n<p>The bank reiterated its overweight rating on Amazon and said the stock could surge to $4,100 over the next year, representing potential upside of 29% from Monday's close.</p>\n<p>That would help turn around Amazon's stock price, which returned just 4% over the past year, compared a return of 29% for the S&amp;P 500 over the same time period.</p>\n<p>But the stock faces a few hurdles it needs to overcome with investors before the uptrend can resume, according to the note.</p>\n<p>Those hurdles include a year-end revenue decline due to tough year-over-year comparables and a broader e-commerce slowdown in the US, the impact on inventory from supply-chain disruptions, and an ongoing cycle of higher investments and lower profit margins.</p>\n<p>Despite the near-term concerns and uncertainty surrounding Amazon, JPMorgan believes \"there is still a significant secular shift toward ecommerce ahead and Amazon has a very strong track record around investing into growth opportunities.\"</p>\n<p>These are the four catalysts JPMorgan identified that could help jumpstart share price performance for Amazon:</p>\n<ol>\n <li>\"Current caution working its way through the stock and people wanting to own Amazon into the holidays.\"</li>\n <li>\"Moving closer to the last quarter of difficult COVID comps in the first quarter of 2022.\"</li>\n <li>\"Further downward revisions to 2022 profit estimates that would help lower the bar and potentially create more of a clearing event.\"</li>\n <li>\"A potential Prime price increase in 2022.\"</li>\n</ol>\n<p>The bank highlighted that Amazon now trades at less than 15x its below-consensus 2023 EBITDA estimates, and derived its $4,100 2022 price target from a sum-of-the-parts model that values Amazon Web Services at nearly $800 billion.</p>\n<p>\"We believe the second half of 2021 dislocation [in Amazon shares] creates a compelling opportunity over time,\" JPMorgan concluded.</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>The 4 catalysts that could drive Amazon 29% higher in the next year, according to JPMorgan</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\">\nThe 4 catalysts that could drive Amazon 29% higher in the next year, according to JPMorgan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-07 15:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/amazon-stock-price-outlook-4-catalysts-higher-jpmorgan-says-2021-10><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon stock's recent underperformance relative to the S&P 500 over the past year could soon be reversed, according to JPMorgan.\nThe bank reiterated its Overweight rating and $4,100 price target for ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/amazon-stock-price-outlook-4-catalysts-higher-jpmorgan-says-2021-10\">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://markets.businessinsider.com/news/stocks/amazon-stock-price-outlook-4-catalysts-higher-jpmorgan-says-2021-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140731116","content_text":"Amazon stock's recent underperformance relative to the S&P 500 over the past year could soon be reversed, according to JPMorgan.\nThe bank reiterated its Overweight rating and $4,100 price target for Amazon, a potential upside of 29% from Monday's close.\nThese are the 4 catalysts that could send shares of Amazon higher over the next year.\n\nAmazon stock has been a significant underperformer for investors over the past year, but that trend could be set to change on four key catalysts,JPMorgan said in a note on Tuesday.\nThe bank reiterated its overweight rating on Amazon and said the stock could surge to $4,100 over the next year, representing potential upside of 29% from Monday's close.\nThat would help turn around Amazon's stock price, which returned just 4% over the past year, compared a return of 29% for the S&P 500 over the same time period.\nBut the stock faces a few hurdles it needs to overcome with investors before the uptrend can resume, according to the note.\nThose hurdles include a year-end revenue decline due to tough year-over-year comparables and a broader e-commerce slowdown in the US, the impact on inventory from supply-chain disruptions, and an ongoing cycle of higher investments and lower profit margins.\nDespite the near-term concerns and uncertainty surrounding Amazon, JPMorgan believes \"there is still a significant secular shift toward ecommerce ahead and Amazon has a very strong track record around investing into growth opportunities.\"\nThese are the four catalysts JPMorgan identified that could help jumpstart share price performance for Amazon:\n\n\"Current caution working its way through the stock and people wanting to own Amazon into the holidays.\"\n\"Moving closer to the last quarter of difficult COVID comps in the first quarter of 2022.\"\n\"Further downward revisions to 2022 profit estimates that would help lower the bar and potentially create more of a clearing event.\"\n\"A potential Prime price increase in 2022.\"\n\nThe bank highlighted that Amazon now trades at less than 15x its below-consensus 2023 EBITDA estimates, and derived its $4,100 2022 price target from a sum-of-the-parts model that values Amazon Web Services at nearly $800 billion.\n\"We believe the second half of 2021 dislocation [in Amazon shares] creates a compelling opportunity over time,\" JPMorgan concluded.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863171959,"gmtCreate":1632368427871,"gmtModify":1632800857672,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/863171959","repostId":"2169663363","repostType":4,"repost":{"id":"2169663363","kind":"news","pubTimestamp":1632359102,"share":"https://www.laohunote.com/m/news/2169663363?lang=&edition=full","pubTime":"2021-09-23 09:05","market":"us","language":"en","title":"Stephen Weiss Shares His Next Steps For His FedEx Position","url":"https://stock-news.laohu8.com/highlight/detail?id=2169663363","media":"Benzinga","summary":"Stephen Weiss spoke on CNBC's \"Fast Money Halftime Report\" about FedEx Corporation (NYSE: FDX), whic","content":"<p>Stephen Weiss spoke on CNBC's \"Fast Money Halftime Report\" about <b>FedEx Corporation</b> (NYSE: FDX), which traded sharply lower on Wednesday after an earnings miss.</p>\n<p>Weiss said the Street knew FedEx is going to miss, but not this bad. Labor costs and shortage are the main concern for the company, but Weiss expects the labor issues are going to loosen up now that we are done with the summer. He has cut his position right after the call when the stock was trading $6 lower, but he decided to add to the position on Wednesday.</p>\n<p>For him, the story hasn't changed. It has only been pushed back for a couple of quarters. He is staying with the stock and he is going to continue to add to his long position as the stock stabilizes.</p>\n<p>Weiss expects FedEx to perform better than <b>United Parcel Service, Inc.</b> (NYSE: UPS) going forward. Union discussions coming up for UPS and they're going to be much tougher than going out and hire people. FedEx wasn't making money on the <b>Amazon</b> deal, so it got rid of it. UPS now has Amazon and it's going to be a problem for it because it's&nbsp;a low-margin business that takes a lot of capacity.</p>","source":"yahoofinance","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>Stephen Weiss Shares His Next Steps For His FedEx Position</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\">\nStephen Weiss Shares His Next Steps For His FedEx Position\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stephen-weiss-shares-next-steps-213302802.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stephen Weiss spoke on CNBC's \"Fast Money Halftime Report\" about FedEx Corporation (NYSE: FDX), which traded sharply lower on Wednesday after an earnings miss.\nWeiss said the Street knew FedEx is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stephen-weiss-shares-next-steps-213302802.html\">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://finance.yahoo.com/news/stephen-weiss-shares-next-steps-213302802.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169663363","content_text":"Stephen Weiss spoke on CNBC's \"Fast Money Halftime Report\" about FedEx Corporation (NYSE: FDX), which traded sharply lower on Wednesday after an earnings miss.\nWeiss said the Street knew FedEx is going to miss, but not this bad. Labor costs and shortage are the main concern for the company, but Weiss expects the labor issues are going to loosen up now that we are done with the summer. He has cut his position right after the call when the stock was trading $6 lower, but he decided to add to the position on Wednesday.\nFor him, the story hasn't changed. It has only been pushed back for a couple of quarters. He is staying with the stock and he is going to continue to add to his long position as the stock stabilizes.\nWeiss expects FedEx to perform better than United Parcel Service, Inc. (NYSE: UPS) going forward. Union discussions coming up for UPS and they're going to be much tougher than going out and hire people. FedEx wasn't making money on the Amazon deal, so it got rid of it. UPS now has Amazon and it's going to be a problem for it because it's a low-margin business that takes a lot of capacity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860483120,"gmtCreate":1632198096260,"gmtModify":1632802117059,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860483120","repostId":"1112190200","repostType":4,"repost":{"id":"1112190200","kind":"news","pubTimestamp":1632137806,"share":"https://www.laohunote.com/m/news/1112190200?lang=&edition=full","pubTime":"2021-09-20 19:36","market":"us","language":"en","title":"Wait for the Dust To Settle Before Buying Roku Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112190200","media":"InvestorPlace","summary":"Despite its strengths, market-related factors could push hard-hit ROKU stock to even lower prices.\n\n","content":"<blockquote>\n <b>Despite its strengths, market-related factors could push hard-hit ROKU stock to even lower prices.</b>\n</blockquote>\n<p>Falling more than 54% since July 27, is it time to buy<b>Roku</b>(NASDAQ:<b><u>ROKU</u></b>) stock? The streaming company’s massive price decline in less than two months may appear to be a prime buying opportunity. But despite this “buy the dip” appeal, ROKU stock may not be done moving lower.</p>\n<p>Why? When it comes to company-specific factors, it still has a lot on its side. But market-related factors could apply more pressure. Although the price has fallen considerably, shares continue to trade at apremium valuation, best seen in the price-to-sales (P/S) multiple of 18.64.</p>\n<p>If markets get volatile between now and year’s end? Growth names like this one — withits current betaof 1.72 — could experience declines outsized compared to stocks overall.</p>\n<p>Does that mean it’ll make a full trip back to its 52-week low of $157.54 per share? It’s possible. Even at prices more than half of where it trades today, it would still trade at a premium to its larger, albeit slower-growing peer,<b>Netflix</b>(NASDAQ:<b><u>NFLX</u></b>).</p>\n<p>With high risk growth stocks are in for a world of hurt in the coming months, what’s an investor to do? It’s best to take your time with this particular one.</p>\n<p><b>ROKU Stock Underlying Business Remains Strong</b></p>\n<p>As seen with its sell-off in recent weeks, investors have been concerned aboutRoku’s slowing user growth, and decline in existing user engagement. These negative aspects outweighed the positives, such asbetter-than-expected revenue and earnings numbers, when the company reported its results for the quarter ending June 30, 2021 on Aug. 4. Revenues of $645.1 million came in above sell-side consensus ($618.8 million). Earnings of 52 cents per share came in well above the Street’s estimate of 13 cents per share.</p>\n<p>It may be valid for there to be some worries with ROKU stock when it comes to its underlying business continuing to grow at a rapid clip. But a slowdown or decline in user growth/engagement may not mean high levels of future revenue growth are off the table.</p>\n<p>Why? The company is just getting started fully monetizing its existing business. With its pivot from streaming equipment provider to ad-supported streaming platform operator, the company isramping up its original content offerings. Most notably, it’s purchase of a 75-show library fromshort-lived streaming service Quibi. With around $2 billion in its coffers, it has plenty in reserve to finance further content acquisitions. International growth is something else that could enable Roku to continue growing at above-average levels.</p>\n<p>Put simply, there’s enough in play for it to keep on scaling up. At the very least, hit projections calling for36% revenue growth next year. That said, its pullback may not be over. Factors outside its control could result in it making another big slide lower.</p>\n<p><b>Why Market-Related Factors May Sink it Lower</b></p>\n<p>ROKU stock may be cheaper now than it was at the end of July, but that doesn’t mean it’s become a “cheap stock,” by any means. The company’s growth potential remains more-than-reflected, as seen from its high price-to-earnings (P/E) multiple of 188.2x and a forward P/E of 197.6x.</p>\n<p>Further, at today’s prices, shares sell for 11.1x next year’s projected revenue, and 204.4x next year’s projected earnings. Given its still in high-growth mode, for nowa rich valuation like this is sustainable. Yet if the conditions enabling it change? Look out below.</p>\n<p>Many factors point to rocky times ahead for stocks this fall. The U.S. Federal Reserve’s planned tightening of monetary policy, along with a rise in bond yields (even as the Fed takes its time raising interest rates) could result in the stocks starting to move in the wrong direction. Worse yet, growth stocks like Roku, that have benefited most from the current near-zero interest rate environment could get hit the hardest.</p>\n<p>To what extent? Again, as mentioned above, the stock could make another 50%+ move lower, and stilltrade at a premium to peers like Netflix. That of course isn’t to say it will happen. We may only end up seeing moderate levels of multiple compression. That is, valuations remain high compared to historic levels, but lower than before. Nevertheless, as this market-related risk hangs over it, waiting for what’s looming over the stock market today to play out appears to be the wisest move.</p>\n<p><b>Sit On Sidelines for Now</b></p>\n<p>Roku still appears to be a solid growth story. High levels of growth may still lie ahead. Between its big move into original content and its potential to expand its presence overseas, those who are bullish on it aren’t wrong to believe it could eventually scale up into a business many times the size of current options.</p>\n<p>What’s wrong with ROKU stock? The price isn’t right. As the risk that market changes will put pressure on its valuation looms, your best move is to hold off buying it right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wait for the Dust To Settle Before Buying Roku Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWait for the Dust To Settle Before Buying Roku Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 19:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/roku-stock-wait-for-dust-to-settle/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite its strengths, market-related factors could push hard-hit ROKU stock to even lower prices.\n\nFalling more than 54% since July 27, is it time to buyRoku(NASDAQ:ROKU) stock? The streaming company...</p>\n\n<a href=\"https://investorplace.com/2021/09/roku-stock-wait-for-dust-to-settle/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://investorplace.com/2021/09/roku-stock-wait-for-dust-to-settle/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112190200","content_text":"Despite its strengths, market-related factors could push hard-hit ROKU stock to even lower prices.\n\nFalling more than 54% since July 27, is it time to buyRoku(NASDAQ:ROKU) stock? The streaming company’s massive price decline in less than two months may appear to be a prime buying opportunity. But despite this “buy the dip” appeal, ROKU stock may not be done moving lower.\nWhy? When it comes to company-specific factors, it still has a lot on its side. But market-related factors could apply more pressure. Although the price has fallen considerably, shares continue to trade at apremium valuation, best seen in the price-to-sales (P/S) multiple of 18.64.\nIf markets get volatile between now and year’s end? Growth names like this one — withits current betaof 1.72 — could experience declines outsized compared to stocks overall.\nDoes that mean it’ll make a full trip back to its 52-week low of $157.54 per share? It’s possible. Even at prices more than half of where it trades today, it would still trade at a premium to its larger, albeit slower-growing peer,Netflix(NASDAQ:NFLX).\nWith high risk growth stocks are in for a world of hurt in the coming months, what’s an investor to do? It’s best to take your time with this particular one.\nROKU Stock Underlying Business Remains Strong\nAs seen with its sell-off in recent weeks, investors have been concerned aboutRoku’s slowing user growth, and decline in existing user engagement. These negative aspects outweighed the positives, such asbetter-than-expected revenue and earnings numbers, when the company reported its results for the quarter ending June 30, 2021 on Aug. 4. Revenues of $645.1 million came in above sell-side consensus ($618.8 million). Earnings of 52 cents per share came in well above the Street’s estimate of 13 cents per share.\nIt may be valid for there to be some worries with ROKU stock when it comes to its underlying business continuing to grow at a rapid clip. But a slowdown or decline in user growth/engagement may not mean high levels of future revenue growth are off the table.\nWhy? The company is just getting started fully monetizing its existing business. With its pivot from streaming equipment provider to ad-supported streaming platform operator, the company isramping up its original content offerings. Most notably, it’s purchase of a 75-show library fromshort-lived streaming service Quibi. With around $2 billion in its coffers, it has plenty in reserve to finance further content acquisitions. International growth is something else that could enable Roku to continue growing at above-average levels.\nPut simply, there’s enough in play for it to keep on scaling up. At the very least, hit projections calling for36% revenue growth next year. That said, its pullback may not be over. Factors outside its control could result in it making another big slide lower.\nWhy Market-Related Factors May Sink it Lower\nROKU stock may be cheaper now than it was at the end of July, but that doesn’t mean it’s become a “cheap stock,” by any means. The company’s growth potential remains more-than-reflected, as seen from its high price-to-earnings (P/E) multiple of 188.2x and a forward P/E of 197.6x.\nFurther, at today’s prices, shares sell for 11.1x next year’s projected revenue, and 204.4x next year’s projected earnings. Given its still in high-growth mode, for nowa rich valuation like this is sustainable. Yet if the conditions enabling it change? Look out below.\nMany factors point to rocky times ahead for stocks this fall. The U.S. Federal Reserve’s planned tightening of monetary policy, along with a rise in bond yields (even as the Fed takes its time raising interest rates) could result in the stocks starting to move in the wrong direction. Worse yet, growth stocks like Roku, that have benefited most from the current near-zero interest rate environment could get hit the hardest.\nTo what extent? Again, as mentioned above, the stock could make another 50%+ move lower, and stilltrade at a premium to peers like Netflix. That of course isn’t to say it will happen. We may only end up seeing moderate levels of multiple compression. That is, valuations remain high compared to historic levels, but lower than before. Nevertheless, as this market-related risk hangs over it, waiting for what’s looming over the stock market today to play out appears to be the wisest move.\nSit On Sidelines for Now\nRoku still appears to be a solid growth story. High levels of growth may still lie ahead. Between its big move into original content and its potential to expand its presence overseas, those who are bullish on it aren’t wrong to believe it could eventually scale up into a business many times the size of current options.\nWhat’s wrong with ROKU stock? The price isn’t right. As the risk that market changes will put pressure on its valuation looms, your best move is to hold off buying it right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883255781,"gmtCreate":1631247608643,"gmtModify":1631891684249,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Good sign","listText":"Good sign","text":"Good sign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883255781","repostId":"1181413594","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817570438,"gmtCreate":1630977687524,"gmtModify":1631891684257,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817570438","repostId":"2165841143","repostType":4,"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815112845,"gmtCreate":1630655233587,"gmtModify":1631891684257,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567832114052050","authorIdStr":"3567832114052050"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815112845","repostId":"1137593739","repostType":4,"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}