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- SubaSuba
  ·2021-12-14
  Like
  EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%
  EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling aro
  EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%
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- SubaSuba
  ·2021-11-12
  See how next week
  Are Rivian Automotive shares cheap or expensive?
  We have now listed Rivian Automotive share CFDs on ThinkMarkets. To get started trading, all you nee
  Are Rivian Automotive shares cheap or expensive?
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- SubaSuba
  ·2021-10-25
  Cool
  非常抱歉，此主贴已删除
  1,081 2
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- SubaSuba
  ·2021-10-25
  $Facebook(FB)$Looking forward
  1,399 评论
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- SubaSuba
  ·2021-10-25
  $Facebook(FB)$Time to buy
  1,492 评论
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- SubaSuba
  ·2021-10-24
  $Facebook(FB)$Waiting
  1,180 评论
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- SubaSuba
  ·2021-10-24
  Ok
  Consumer Confidence Is Falling. Why That’s Ominous for Stocks.
  Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention. T
  Consumer Confidence Is Falling. Why That’s Ominous for Stocks.
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- SubaSuba
  ·2021-10-22
  $Tesla Motors(TSLA)$Still can buy?
  1,710 1
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- SubaSuba
  ·2021-10-22
  Still can buy?
  Tesla soared nearly 1% and reached an all-time high at 903.32
  Tesla soared nearly 1% and reached an all-time high at 903.32.On the morning of October 21st, Tesla
  Tesla soared nearly 1% and reached an all-time high at 903.32
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- SubaSuba
  ·2021-10-22
  Can buy now?
  非常抱歉，此主贴已删除
  944 评论
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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\">\nEV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3% \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\">2021-12-13 23:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%.<img src=\"https://static.tigerbbs.com/339c507942577109dbbbb0437dd2eb2d\" tg-width=\"537\" tg-height=\"197\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","F":"福特汽车","GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125628300","content_text":"EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879276744,"gmtCreate":1636731362664,"gmtModify":1636731362858,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"See how next week","listText":"See how next week","text":"See how next week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879276744","repostId":"1115192108","repostType":2,"repost":{"id":"1115192108","kind":"news","pubTimestamp":1636696047,"share":"https://www.laohu8.com/m/news/1115192108?lang=&edition=full","pubTime":"2021-11-12 13:47","market":"sh","language":"en","title":"Are Rivian Automotive shares cheap or expensive?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115192108","media":"The fiscal times","summary":"We have now listed Rivian Automotive share CFDs on ThinkMarkets. To get started trading, all you nee","content":"<p><b>We have now listed Rivian Automotive share CFDs on ThinkMarkets. To get started trading, all you need to do is create an account and select Rivian in your ThinkTrader watchlist.</b></p>\n<p>What’s best about Rivian share CFDs is that they let you take advantage of both rising and falling prices. That means with ThinkMarkets, if you think the price of Rivian Automotive is going to rise, you can go long its CFD, and if you think the price is going to fall, you can go short its CFD.&nbsp;Rivian Share CFDs are available on ThinkMarkets under the stock ticker RIVN.</p>\n<p>So let’s take a closer look at Rivian Automotive and what’s behind all the hype?</p>\n<p>Highlights</p>\n<ul>\n <li>Rivian History</li>\n <li>IPO</li>\n <li>Opportunity</li>\n <li>Risks</li>\n <li>Conclusions</li>\n <li>Rating &amp; Fair Value Target</li>\n</ul>\n<p>HistoryStarted in 2012, Rivian is an American electric vehicle (EV) automaker and automotive technology company created by CEO Robert “RJ” Scaringe. &nbsp;Former CEO of Amazon, Jeff Bezos, called Rivian’s founder, RJ Scaringe, “one of the greatest entrepreneurs”.</p>\n<p>Rivian originally started life as an EV sports car manufacturer (prior to officially rebranding in 2012), but changed tack because management realised they could not add significant value to what was already on offer in that space (i.e., Tesla). Instead, they decided to focus on a glaring hole in the EV market, light trucks and sports utility vehicles (SUVs).</p>\n<p><img src=\"https://static.tigerbbs.com/d1a14bbed113802408fbdf076ff4470b\" tg-width=\"699\" tg-height=\"344\" referrerpolicy=\"no-referrer\"></p>\n<p><i><b>The Rivian R1S sports utility vehicle</b></i></p>\n<p>Today, Rivian has two flagship consumer focussed EVs for sale, the R1T (light truck) and the R1S (SUV). It also has developed what it calls the Electric Delivery Van (\"EDV\"), designed and engineered by Rivian in collaboration with Amazon who has ordered an initial volume of 100,000 vehicles globally.IPORivian's initial public offering (IPO) consisted of 153 million shares of Class A common stock at a public offering price of $78&nbsp;per share, to raise US$11.9 billion. However there are a considerable number of shares already issued in the company, held by early and cornerstone investors. Two cornerstone investors are of particular note, Amazon which owns approximately 22%, and Ford Motor Co. which owns approximately 12% of Rivian shares.</p>\n<p><img src=\"https://static.tigerbbs.com/fce0db4623415a5087830868ca8b1392\" tg-width=\"700\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p>\n<p><i><b>Rivian Automotive (RIVN) price chart</b></i></p>\n<p>OpportunityRivian aims to address the large, fast-growing, and high-margin EV market. More specifically, it is targeting the niche light truck and SUVs segment which is currently significantly underserviced by existing EV manufacturers, particularly by major rival Tesla.</p>\n<p>In addition to selling vehicles, strategy also includes value-added services such as digitally enabled financing, telematics-based insurance, proactive vehicle service (maintenance and repair), flexible membership and software services, comprehensive charging solutions, and a vehicle resale program. In addition to these services, the company will also offer consumers value adding accessories and applications aimed at improving the usage of Rivian's EVs.</p>\n<p>In addition to consumer vehicles, also targeting commercial market via Rivian Commercial Vehicle (\"RCV\") platform. The first vehicle to be produced is the EDV, designed and engineered by Rivian in collaboration with Amazon who has ordered an initial volume of 100,000 vehicles globally. This is the largest order of EVs ever for any manufacturer.</p>\n<p>The company believes that with the cost of EV ownership no longer a significant barrier to purchase, the EV revolution has begun. They note that approximately 90 million light vehicles are sold globally each year, and a significant proportion of these will inevitably transition to EVs. Further, trucks and SUVs comprise over 70% of new vehicle sales in the United States, are the fastest growing segment, and account for most of the profits generated by incumbent automobile manufacturers.</p>\n<p>Globally, Rivian's total addressable market is around US$8.3 billion, with just under US$1 billion in the US. Of the US market, they believe the market for consumer EVs is approximately $650 million, and approximately $200 million for commercial EVs.FinancialsFor the years ended December 31, 2019 and 2020, we incurred net losses of $426 million and $1.0 billion, respectively. This is because the company has invested heavily in product development, and preparations for the initial launch of their vehicles which occurred in September 2021.</p>\n<p>A key positive of the financials for Rivian is that the company has minimal debt. Instead, it has funded the business by ways of a unsecured senior convertible promissory notes (a kind of a hybrid debt-equity instrument that starts as a loan but converts on maturity to stock at a predetermined stock price), and a number of historical preferred stock issues.</p>\n<p>Funding is the key for Rivian as it anticipates it will spend at least $8 billion through the end of 2023 to support their commercialisation and growth objectives. The company is currently burning around US$300 million in cash per quarter, with approximately US$3.5 billion&nbsp;cash in the bank (proceeds of the IPO included). This gives it a growth runway of approximately 3 years.</p>\n<p>The company says that cash flows from the sales of its EVs are unlikely to cover its ongoing expenditure for the foreseeable future. As a result, the company expects to make losses for an extended period of time as it continues to invest in its growth. Given the growth runway, and expected expenditures, this implies that the company will likely have to raise capital again in the medium term.</p>\n<p>As of September 30, 2021, the company had approximately 48,390 R1T and R1S pre-orders in the United States and Canada from customers who each paid a cancellable and fully refundable deposit of $1,000. Current production capacity at their existing plant is 150,000 vehicles p.a.</p>\n<p>Some analysts believe the company could make revenues of between US$20 billion and US$25 billion by 2025 if it achieves its aim of 350,000 vehicles produced annually. It its margins are similar to Tesla, this could mean approximately US$1.4 billion to US$1.7 billion in net profits. Again to compare, this is roughly what Tesla currently earns in profit per quarter, and Tesla's market capitalisation us just over US$1 trillion.RisksRivian has a limited operating history and has not generated material revenue from sales of its vehicles or other products and services to date. The company's medium term outlook depends largely on its ability to develop, manufacture, market and sell their EVs.</p>\n<p>Initial deliveries for the R1T and R1S were and are, respectively, delayed, and the ramp up in production of these vehicles is taking longer than originally expected. This is due largely to the ongoing impacts of the COVID-19 pandemic, particularly on labour availability and supply chain disruptions.</p>\n<p>Another key issue facing Rivian is the difficulty the company has in accurately estimating the likely demand for their vehicles, and therefore in placing long term orders with suppliers, or to negotiate scaled discounts. This means that the company is likely to face significantly higher costs than an established manufacturer like Tesla.</p>\n<p>Also, the company is starting with just two consumer models and one commercial model. This will likely only sustain respective markets' interests for so long. Eventually they will have to upgrade or redesign existing models, and or launch new ones in other segments. In those other segments, for example passenger and sports, they are going to face significantly tougher competition from more advanced offerings by established EV and conventional vehicle manufacturers.</p>\n<p>Rivian, by their own public admission (in their prospectus no less!) has limited experience in designing, testing, manufacturing, marketing, and selling EVs. This means that there is a significant execution risk in terms of them delivering on their short term and longer term goals.ConclusionsAt $122.99 closing price on Thursday, Rivian is capitalised at approximately US$100 billion. This is greater than U.S. majors Ford and General Motors, European prestige brand BMW, and twice the size of Japanese manufacturers Honda and Nissan. It's 71% the size of the world's largest car manufacturer by revenue, Volkswagen.</p>\n<p>Whilst we let those comparisons settle in your mind, let us remind you that Rivian's only revenue so far is the $1,000 deposits it has taken on its presales, and has not yet delivered a single vehicle to customers.</p>\n<p>Rivian is often compared to Tesla, both in terms of a template for what is possible in the disruptive EV space, but also as what is possible in terms of future profitability and potential market capitalisation. We would suggest that the fact both companies produce EVs is where the comparisons should end. Tesla was producing and selling vehicles prior to its IPO, and had very little competition when it started because it was a pioneer in the space. Rivian on the other hand, is entering a highly competitive EV landscape that now consists of all of the major, established producers.</p>\n<p><img src=\"https://static.tigerbbs.com/9132ca6746200892bfe86ebef29927fd\" tg-width=\"700\" tg-height=\"261\" referrerpolicy=\"no-referrer\"></p>\n<p><i><b>The Rivian R1T light truck</b></i></p>\n<p>Granted, Rivian is targeting the niche of light trucks and SUVs, which is largely underserviced at the moment. However, this is unlikely to remain so for long as other manufacturers, particularly Tesla, increasingly enter this segment (Tesla is currently selling a 'soft SUV', the Model X, but has plans to release a more adventure-focussed SUV and the Cybertruck in 2023).</p>\n<p>The company admits itself that it has \"limited experience, in designing, testing, manufacturing, marketing, and selling EVs\". It is an unproven entity that is trading at an extremely high valuation compared to its established peers. For this reason, we belive the execution risk is extreme<i>at the current valuation</i>(we couldn’t think of a word more extreme than 'extreme'…perhaps 'extremely extreme!?').</p>\n<p>We define 'execution risk' as the possibility the company does not deliver on its production and sales targets, potential negative impacts from the developing competitive landscape, and favourable consumer adoption of its products.</p>\n<p>However, on the upside, in the short term, the company's valuation likely depends more on what investors are prepared to pay for its shares rather than on its future profitability. Granted, ordinarily we would expect that these two concepts eventually merge. But in the current market environment, there are a great deal of investors who are only too keen to throw their investment dollars at companies like Rivian that are consistent with their beliefs and tastes.</p>\n<p>In conclusion, we believe that Rivian shares at their current price are grossly overvalued. However, we note that the EV industry is growing rapidly, and many investors can see and relate to the opportunity that this presents. Perhaps 'extremely extreme' risks are less important than the 'story', and possibly also the fear of missing out on 'the next Tesla'. For this reason, we expect Rivian shares will probably remain overvalued for some time, and therefore cannot rule out further gains in the short term.Rating &amp; Fair Value TargetBased upon our earnings and earnings growth estimates for the company, and please note<i>a great deal of guesswork is inevitably required on our part to form such opinions</i>, we could entertain a valuation of as high as US$62 billion. This would be our top end based upon essentially<i>everything going right</i>for Rivian out to 2025.</p>\n<p>We noted above however execution risk is high, and fair value is likely closer to US$40 billion. These valuations equate to a share price of between $50 to $76 per share. For this reason, we have no choice but to go with a Sell, High Risk rating on Rivian.Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.</p>\n<p>Rating &amp; Fair Value </p>\n<p>TargetBased upon our earnings and earnings growth estimates for the company, and please note<i>a great deal of guesswork is inevitably required on our part to form such opinions</i>, we could entertain a valuation of as high as US$62 billion. This would be our top end based upon essentially<i>everything going right</i>for Rivian out to 2025.</p>\n<p>We noted above however execution risk is high, and fair value is likely closer to US$40 billion. These valuations equate to a share price of between $50 to $76 per share. For this reason, we have no choice but to go with a Sell, High Risk rating on Rivian.</p>","source":"lsy1631281755125","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>Are Rivian Automotive shares cheap or expensive?</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\">\nAre Rivian Automotive shares cheap or expensive?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thinkmarkets.com/au/market-news/november-2021/are-rivian-automotive-shares-cheap-or-expensive/><strong>The fiscal times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have now listed Rivian Automotive share CFDs on ThinkMarkets. To get started trading, all you need to do is create an account and select Rivian in your ThinkTrader watchlist.\nWhat’s best about ...</p>\n\n<a href=\"https://www.thinkmarkets.com/au/market-news/november-2021/are-rivian-automotive-shares-cheap-or-expensive/\">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.thinkmarkets.com/au/market-news/november-2021/are-rivian-automotive-shares-cheap-or-expensive/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115192108","content_text":"We have now listed Rivian Automotive share CFDs on ThinkMarkets. To get started trading, all you need to do is create an account and select Rivian in your ThinkTrader watchlist.\nWhat’s best about Rivian share CFDs is that they let you take advantage of both rising and falling prices. That means with ThinkMarkets, if you think the price of Rivian Automotive is going to rise, you can go long its CFD, and if you think the price is going to fall, you can go short its CFD. Rivian Share CFDs are available on ThinkMarkets under the stock ticker RIVN.\nSo let’s take a closer look at Rivian Automotive and what’s behind all the hype?\nHighlights\n\nRivian History\nIPO\nOpportunity\nRisks\nConclusions\nRating & Fair Value Target\n\nHistoryStarted in 2012, Rivian is an American electric vehicle (EV) automaker and automotive technology company created by CEO Robert “RJ” Scaringe.  Former CEO of Amazon, Jeff Bezos, called Rivian’s founder, RJ Scaringe, “one of the greatest entrepreneurs”.\nRivian originally started life as an EV sports car manufacturer (prior to officially rebranding in 2012), but changed tack because management realised they could not add significant value to what was already on offer in that space (i.e., Tesla). Instead, they decided to focus on a glaring hole in the EV market, light trucks and sports utility vehicles (SUVs).\n\nThe Rivian R1S sports utility vehicle\nToday, Rivian has two flagship consumer focussed EVs for sale, the R1T (light truck) and the R1S (SUV). It also has developed what it calls the Electric Delivery Van (\"EDV\"), designed and engineered by Rivian in collaboration with Amazon who has ordered an initial volume of 100,000 vehicles globally.IPORivian's initial public offering (IPO) consisted of 153 million shares of Class A common stock at a public offering price of $78 per share, to raise US$11.9 billion. However there are a considerable number of shares already issued in the company, held by early and cornerstone investors. Two cornerstone investors are of particular note, Amazon which owns approximately 22%, and Ford Motor Co. which owns approximately 12% of Rivian shares.\n\nRivian Automotive (RIVN) price chart\nOpportunityRivian aims to address the large, fast-growing, and high-margin EV market. More specifically, it is targeting the niche light truck and SUVs segment which is currently significantly underserviced by existing EV manufacturers, particularly by major rival Tesla.\nIn addition to selling vehicles, strategy also includes value-added services such as digitally enabled financing, telematics-based insurance, proactive vehicle service (maintenance and repair), flexible membership and software services, comprehensive charging solutions, and a vehicle resale program. In addition to these services, the company will also offer consumers value adding accessories and applications aimed at improving the usage of Rivian's EVs.\nIn addition to consumer vehicles, also targeting commercial market via Rivian Commercial Vehicle (\"RCV\") platform. The first vehicle to be produced is the EDV, designed and engineered by Rivian in collaboration with Amazon who has ordered an initial volume of 100,000 vehicles globally. This is the largest order of EVs ever for any manufacturer.\nThe company believes that with the cost of EV ownership no longer a significant barrier to purchase, the EV revolution has begun. They note that approximately 90 million light vehicles are sold globally each year, and a significant proportion of these will inevitably transition to EVs. Further, trucks and SUVs comprise over 70% of new vehicle sales in the United States, are the fastest growing segment, and account for most of the profits generated by incumbent automobile manufacturers.\nGlobally, Rivian's total addressable market is around US$8.3 billion, with just under US$1 billion in the US. Of the US market, they believe the market for consumer EVs is approximately $650 million, and approximately $200 million for commercial EVs.FinancialsFor the years ended December 31, 2019 and 2020, we incurred net losses of $426 million and $1.0 billion, respectively. This is because the company has invested heavily in product development, and preparations for the initial launch of their vehicles which occurred in September 2021.\nA key positive of the financials for Rivian is that the company has minimal debt. Instead, it has funded the business by ways of a unsecured senior convertible promissory notes (a kind of a hybrid debt-equity instrument that starts as a loan but converts on maturity to stock at a predetermined stock price), and a number of historical preferred stock issues.\nFunding is the key for Rivian as it anticipates it will spend at least $8 billion through the end of 2023 to support their commercialisation and growth objectives. The company is currently burning around US$300 million in cash per quarter, with approximately US$3.5 billion cash in the bank (proceeds of the IPO included). This gives it a growth runway of approximately 3 years.\nThe company says that cash flows from the sales of its EVs are unlikely to cover its ongoing expenditure for the foreseeable future. As a result, the company expects to make losses for an extended period of time as it continues to invest in its growth. Given the growth runway, and expected expenditures, this implies that the company will likely have to raise capital again in the medium term.\nAs of September 30, 2021, the company had approximately 48,390 R1T and R1S pre-orders in the United States and Canada from customers who each paid a cancellable and fully refundable deposit of $1,000. Current production capacity at their existing plant is 150,000 vehicles p.a.\nSome analysts believe the company could make revenues of between US$20 billion and US$25 billion by 2025 if it achieves its aim of 350,000 vehicles produced annually. It its margins are similar to Tesla, this could mean approximately US$1.4 billion to US$1.7 billion in net profits. Again to compare, this is roughly what Tesla currently earns in profit per quarter, and Tesla's market capitalisation us just over US$1 trillion.RisksRivian has a limited operating history and has not generated material revenue from sales of its vehicles or other products and services to date. The company's medium term outlook depends largely on its ability to develop, manufacture, market and sell their EVs.\nInitial deliveries for the R1T and R1S were and are, respectively, delayed, and the ramp up in production of these vehicles is taking longer than originally expected. This is due largely to the ongoing impacts of the COVID-19 pandemic, particularly on labour availability and supply chain disruptions.\nAnother key issue facing Rivian is the difficulty the company has in accurately estimating the likely demand for their vehicles, and therefore in placing long term orders with suppliers, or to negotiate scaled discounts. This means that the company is likely to face significantly higher costs than an established manufacturer like Tesla.\nAlso, the company is starting with just two consumer models and one commercial model. This will likely only sustain respective markets' interests for so long. Eventually they will have to upgrade or redesign existing models, and or launch new ones in other segments. In those other segments, for example passenger and sports, they are going to face significantly tougher competition from more advanced offerings by established EV and conventional vehicle manufacturers.\nRivian, by their own public admission (in their prospectus no less!) has limited experience in designing, testing, manufacturing, marketing, and selling EVs. This means that there is a significant execution risk in terms of them delivering on their short term and longer term goals.ConclusionsAt $122.99 closing price on Thursday, Rivian is capitalised at approximately US$100 billion. This is greater than U.S. majors Ford and General Motors, European prestige brand BMW, and twice the size of Japanese manufacturers Honda and Nissan. It's 71% the size of the world's largest car manufacturer by revenue, Volkswagen.\nWhilst we let those comparisons settle in your mind, let us remind you that Rivian's only revenue so far is the $1,000 deposits it has taken on its presales, and has not yet delivered a single vehicle to customers.\nRivian is often compared to Tesla, both in terms of a template for what is possible in the disruptive EV space, but also as what is possible in terms of future profitability and potential market capitalisation. We would suggest that the fact both companies produce EVs is where the comparisons should end. Tesla was producing and selling vehicles prior to its IPO, and had very little competition when it started because it was a pioneer in the space. Rivian on the other hand, is entering a highly competitive EV landscape that now consists of all of the major, established producers.\n\nThe Rivian R1T light truck\nGranted, Rivian is targeting the niche of light trucks and SUVs, which is largely underserviced at the moment. However, this is unlikely to remain so for long as other manufacturers, particularly Tesla, increasingly enter this segment (Tesla is currently selling a 'soft SUV', the Model X, but has plans to release a more adventure-focussed SUV and the Cybertruck in 2023).\nThe company admits itself that it has \"limited experience, in designing, testing, manufacturing, marketing, and selling EVs\". It is an unproven entity that is trading at an extremely high valuation compared to its established peers. For this reason, we belive the execution risk is extremeat the current valuation(we couldn’t think of a word more extreme than 'extreme'…perhaps 'extremely extreme!?').\nWe define 'execution risk' as the possibility the company does not deliver on its production and sales targets, potential negative impacts from the developing competitive landscape, and favourable consumer adoption of its products.\nHowever, on the upside, in the short term, the company's valuation likely depends more on what investors are prepared to pay for its shares rather than on its future profitability. Granted, ordinarily we would expect that these two concepts eventually merge. But in the current market environment, there are a great deal of investors who are only too keen to throw their investment dollars at companies like Rivian that are consistent with their beliefs and tastes.\nIn conclusion, we believe that Rivian shares at their current price are grossly overvalued. However, we note that the EV industry is growing rapidly, and many investors can see and relate to the opportunity that this presents. Perhaps 'extremely extreme' risks are less important than the 'story', and possibly also the fear of missing out on 'the next Tesla'. For this reason, we expect Rivian shares will probably remain overvalued for some time, and therefore cannot rule out further gains in the short term.Rating & Fair Value TargetBased upon our earnings and earnings growth estimates for the company, and please notea great deal of guesswork is inevitably required on our part to form such opinions, we could entertain a valuation of as high as US$62 billion. This would be our top end based upon essentiallyeverything going rightfor Rivian out to 2025.\nWe noted above however execution risk is high, and fair value is likely closer to US$40 billion. These valuations equate to a share price of between $50 to $76 per share. For this reason, we have no choice but to go with a Sell, High Risk rating on Rivian.Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.\nRating & Fair Value \nTargetBased upon our earnings and earnings growth estimates for the company, and please notea great deal of guesswork is inevitably required on our part to form such opinions, we could entertain a valuation of as high as US$62 billion. This would be our top end based upon essentiallyeverything going rightfor Rivian out to 2025.\nWe noted above however execution risk is high, and fair value is likely closer to US$40 billion. These valuations equate to a share price of between $50 to $76 per share. For this reason, we have no choice but to go with a Sell, High Risk rating on Rivian.","news_type":1},"isVote":1,"tweetType":1,"viewCount":962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856120783,"gmtCreate":1635162269051,"gmtModify":1635162269677,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856120783","repostId":"2178808449","repostType":4,"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856167880,"gmtCreate":1635162167408,"gmtModify":1635162167921,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Looking forward","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Looking forward","text":"$Facebook(FB)$Looking forward","images":[{"img":"https://static.tigerbbs.com/3e4cfd1d328e7cc7f30e497166921dea","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/856167880","isVote":1,"tweetType":1,"viewCount":1399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":856167962,"gmtCreate":1635162136845,"gmtModify":1635162137394,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Time to buy","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Time to buy","text":"$Facebook(FB)$Time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/856167962","isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858828794,"gmtCreate":1635037767545,"gmtModify":1635037768095,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Waiting&nbsp;","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>Waiting&nbsp;","text":"$Facebook(FB)$Waiting","images":[{"img":"https://static.tigerbbs.com/8d90304465ea7e480d47029e634d5cc8","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858828794","isVote":1,"tweetType":1,"viewCount":1180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":858821090,"gmtCreate":1635037566383,"gmtModify":1635037566979,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858821090","repostId":"1197815871","repostType":4,"repost":{"id":"1197815871","kind":"news","pubTimestamp":1635036807,"share":"https://www.laohu8.com/m/news/1197815871?lang=&edition=full","pubTime":"2021-10-24 08:53","market":"us","language":"en","title":"Consumer Confidence Is Falling. Why That’s Ominous for Stocks.","url":"https://stock-news.laohu8.com/highlight/detail?id=1197815871","media":"Barrons","summary":"Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention.\nT","content":"<p>Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention.</p>\n<p>The stock market and consumer sentiment usually rise and fall in tandem. Take the past 18 months. Ultraloose global monetary policy, record levels of fiscal stimulus, and rising earnings forecasts have sent stocks to successive highs. The same stimulative forces, plus a pandemic that curtailed social activity, helped U.S. consumers amass more than $2 trillion in savings, even as the labor market tightened and wages climbed. Those stock market gains made consumers feel even more flush, and flush consumers made investors more bullish.</p>\n<p>Recently, though, the correlation has broken down. Consumers have become far less cheery while the stock market has marched higher, with the S&amp;P 500 index hitting an all-time high on Thursday. As Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, notes, the University of Michigan Consumer Sentiment index bounced up only slightly in September—to its March 2020 pandemic low—after dropping in August to the worst level since 2012. The Conference Board’s Consumer Confidence Index similarly tumbled.</p>\n<p>The gap between those readings and the change in the stock market remains uncharacteristically wide, Shalett says. The difference between current readings and future expectations is also widening, suggesting that consumers don’t see their concerns as temporary. The confidence gap has persisted even as the latest wave of Covid-19 infections appears to have peaked, meaning there’s more to the story than the virus.</p>\n<p>So, who is right? Shalett leans toward the consumer’s view, and she’s not alone.</p>\n<p>In a paper earlier this month, David Blanchflower, an economics professor at Dartmouth College and a former external member of the Bank of England’s monetary-policy committee, and Alex Bryson, a professor of quantitative social science at University College London, wrote about what they call “the economics of walking about.” The idea: that people on the ground possess information about economic trends based on their own experiences and the experiences of those they know, which allows them to assess future economic trends.</p>\n<p>Their conclusion: Economic shocks are hard to predict, but qualitative metrics about consumer expectations are predictive of downturns. They show that consumer-expectations indexes from both the University of Michigan and the Conference Board predict downturns up to 18 months in advance in the U.S. They find that all recessions since the 1980s have been predicted by at least 10-point drops in those indexes.</p>\n<p>The Michigan gauge peaked in June 2021 and fell by 18 points by August, while the Conference Board measure peaked in March 2021 and then fell by 26 points through September 2021, say Blanchflower and Bryson. While they call the economic situation in 2021 “exceptional,” downshifts in consumer expectations in the past six months suggest that the U.S. economy is entering recession now, they say.</p>\n<p>“This is a bold call, and not consistent with consensus,” say Blanchflower and Bryson. “However, missing the declines in these variables in 2007, as most policy makers and economists did, proved fatal.”</p>\n<p>The reasons behind souring sentiment are at least as important as the decline itself. Surveys show that inflation is consumers’ top concern, even if the Federal Reserve continues to dismiss building pricing pressures.</p>\n<p>Consider retail sales, one series that Wall Street points to as evidence of buoyant consumers. Since March, when the last round of stimulus checks was sent, retail sales are up just 0.4%, while the consumer price index has risen 3.6%, notes Peter Boockvar, chief investment officer at Bleakley Advisory Group. “One can argue that all of the retail sales since March, and then some, is inflation and not volumes,” Boockvar says.</p>\n<p>Widespread shortages mean there is less to buy, but risk lies in assuming that demand is simply delayed. If consumers grow increasingly wary as they wait for cars, houses, and other items to become available—or affordable—potential consumption may be lost.</p>\n<p>People are also worried about the job market, says University of Michigan economist Richard Curtin, despite ubiquitous help-wanted signs and fast wage growth. Workers may have written off more permanently jobs that became riskier during the pandemic and don’t pay enough to cover costs, as wage gains still haven’t kept pace with consumer price inflation. Many are forging new paths—new-business formation continues to explode—reinforcing the idea that the labor shortage isn’t so temporary.</p>\n<p>What is the upshot for investors? “If consumer sentiment doesn’t quickly improve, it could be a signal of market weakness that would be sparked by disappointing earnings, weaker spending, and higher savings rates,” says Shalett.</p>\n<p>There are places where a lasting labor shortage and waning consumer confidence intersect, she says, recommending that investors look for companies that have tapped into more resilient demand and are less dependent on labor. She prefers business-to-business companies over those that sell directly to consumers, and says the best places to stock-pick are in banking, energy, and industrials.</p>\n<p>Consumers’ current funk could be transitory. But the funk itself, and the reasons for it, send an ominous message that investors shouldn’t ignore.</p>","source":"lsy1601382232898","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>Consumer Confidence Is Falling. Why That’s Ominous for Stocks.</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\">\nConsumer Confidence Is Falling. Why That’s Ominous for Stocks.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-24 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/us-economy-stock-market-consumer-confidence-51634943248?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention.\nThe stock market and consumer sentiment usually rise and fall in tandem. Take the past 18 months. ...</p>\n\n<a href=\"https://www.barrons.com/articles/us-economy-stock-market-consumer-confidence-51634943248?mod=hp_LEAD_1\">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://www.barrons.com/articles/us-economy-stock-market-consumer-confidence-51634943248?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197815871","content_text":"Consumers are sending worrisome signals that investors aren’t heeding. It’s time to pay attention.\nThe stock market and consumer sentiment usually rise and fall in tandem. Take the past 18 months. Ultraloose global monetary policy, record levels of fiscal stimulus, and rising earnings forecasts have sent stocks to successive highs. The same stimulative forces, plus a pandemic that curtailed social activity, helped U.S. consumers amass more than $2 trillion in savings, even as the labor market tightened and wages climbed. Those stock market gains made consumers feel even more flush, and flush consumers made investors more bullish.\nRecently, though, the correlation has broken down. Consumers have become far less cheery while the stock market has marched higher, with the S&P 500 index hitting an all-time high on Thursday. As Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, notes, the University of Michigan Consumer Sentiment index bounced up only slightly in September—to its March 2020 pandemic low—after dropping in August to the worst level since 2012. The Conference Board’s Consumer Confidence Index similarly tumbled.\nThe gap between those readings and the change in the stock market remains uncharacteristically wide, Shalett says. The difference between current readings and future expectations is also widening, suggesting that consumers don’t see their concerns as temporary. The confidence gap has persisted even as the latest wave of Covid-19 infections appears to have peaked, meaning there’s more to the story than the virus.\nSo, who is right? Shalett leans toward the consumer’s view, and she’s not alone.\nIn a paper earlier this month, David Blanchflower, an economics professor at Dartmouth College and a former external member of the Bank of England’s monetary-policy committee, and Alex Bryson, a professor of quantitative social science at University College London, wrote about what they call “the economics of walking about.” The idea: that people on the ground possess information about economic trends based on their own experiences and the experiences of those they know, which allows them to assess future economic trends.\nTheir conclusion: Economic shocks are hard to predict, but qualitative metrics about consumer expectations are predictive of downturns. They show that consumer-expectations indexes from both the University of Michigan and the Conference Board predict downturns up to 18 months in advance in the U.S. They find that all recessions since the 1980s have been predicted by at least 10-point drops in those indexes.\nThe Michigan gauge peaked in June 2021 and fell by 18 points by August, while the Conference Board measure peaked in March 2021 and then fell by 26 points through September 2021, say Blanchflower and Bryson. While they call the economic situation in 2021 “exceptional,” downshifts in consumer expectations in the past six months suggest that the U.S. economy is entering recession now, they say.\n“This is a bold call, and not consistent with consensus,” say Blanchflower and Bryson. “However, missing the declines in these variables in 2007, as most policy makers and economists did, proved fatal.”\nThe reasons behind souring sentiment are at least as important as the decline itself. Surveys show that inflation is consumers’ top concern, even if the Federal Reserve continues to dismiss building pricing pressures.\nConsider retail sales, one series that Wall Street points to as evidence of buoyant consumers. Since March, when the last round of stimulus checks was sent, retail sales are up just 0.4%, while the consumer price index has risen 3.6%, notes Peter Boockvar, chief investment officer at Bleakley Advisory Group. “One can argue that all of the retail sales since March, and then some, is inflation and not volumes,” Boockvar says.\nWidespread shortages mean there is less to buy, but risk lies in assuming that demand is simply delayed. If consumers grow increasingly wary as they wait for cars, houses, and other items to become available—or affordable—potential consumption may be lost.\nPeople are also worried about the job market, says University of Michigan economist Richard Curtin, despite ubiquitous help-wanted signs and fast wage growth. Workers may have written off more permanently jobs that became riskier during the pandemic and don’t pay enough to cover costs, as wage gains still haven’t kept pace with consumer price inflation. Many are forging new paths—new-business formation continues to explode—reinforcing the idea that the labor shortage isn’t so temporary.\nWhat is the upshot for investors? “If consumer sentiment doesn’t quickly improve, it could be a signal of market weakness that would be sparked by disappointing earnings, weaker spending, and higher savings rates,” says Shalett.\nThere are places where a lasting labor shortage and waning consumer confidence intersect, she says, recommending that investors look for companies that have tapped into more resilient demand and are less dependent on labor. She prefers business-to-business companies over those that sell directly to consumers, and says the best places to stock-pick are in banking, energy, and industrials.\nConsumers’ current funk could be transitory. But the funk itself, and the reasons for it, send an ominous message that investors shouldn’t ignore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851221127,"gmtCreate":1634911237792,"gmtModify":1634911416134,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Still can buy?","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Still can buy?","text":"$Tesla Motors(TSLA)$Still can buy?","images":[{"img":"https://static.tigerbbs.com/e998fa8f124315932b0343a3da3eaf15","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/851221127","isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":851229852,"gmtCreate":1634911175502,"gmtModify":1634911409396,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"Still can buy?","listText":"Still can buy?","text":"Still can buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/851229852","repostId":"1154277407","repostType":4,"repost":{"id":"1154277407","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":1634910256,"share":"https://www.laohu8.com/m/news/1154277407?lang=&edition=full","pubTime":"2021-10-22 21:44","market":"us","language":"en","title":"Tesla soared nearly 1% and reached an all-time high at 903.32","url":"https://stock-news.laohu8.com/highlight/detail?id=1154277407","media":"Tiger Newspress","summary":"Tesla soared nearly 1% and reached an all-time high at 903.32.On the morning of October 21st, Tesla","content":"<p>Tesla&nbsp;soared nearly&nbsp;1% and reached an all-time high at&nbsp;903.32.<img src=\"https://static.tigerbbs.com/9efe14c5fd20d7c4f39cc2a21c93b034\" tg-width=\"1039\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">On the morning of October 21st, Tesla Motors announced its financial results for the third quarter of 2021.</p>\n<p>The financial report shows that Tesla Motors's third-quarter revenue was 13.757 billion US dollars, a year-on-year increase of 57%; The net profit attributable to ordinary shareholders was US $1.618 billion, a year-on-year increase of 389%; Diluted earnings per share was $1.44, compared with $0.27 in the same period last year.</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>Tesla soared nearly 1% and reached an all-time high at 903.32</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\">\nTesla soared nearly 1% and reached an all-time high at 903.32\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\">2021-10-22 21:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla&nbsp;soared nearly&nbsp;1% and reached an all-time high at&nbsp;903.32.<img src=\"https://static.tigerbbs.com/9efe14c5fd20d7c4f39cc2a21c93b034\" tg-width=\"1039\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">On the morning of October 21st, Tesla Motors announced its financial results for the third quarter of 2021.</p>\n<p>The financial report shows that Tesla Motors's third-quarter revenue was 13.757 billion US dollars, a year-on-year increase of 57%; The net profit attributable to ordinary shareholders was US $1.618 billion, a year-on-year increase of 389%; Diluted earnings per share was $1.44, compared with $0.27 in the same period last year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154277407","content_text":"Tesla soared nearly 1% and reached an all-time high at 903.32.On the morning of October 21st, Tesla Motors announced its financial results for the third quarter of 2021.\nThe financial report shows that Tesla Motors's third-quarter revenue was 13.757 billion US dollars, a year-on-year increase of 57%; The net profit attributable to ordinary shareholders was US $1.618 billion, a year-on-year increase of 389%; Diluted earnings per share was $1.44, compared with $0.27 in the same period last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851267644,"gmtCreate":1634911123397,"gmtModify":1634911361149,"author":{"id":"3577997605150210","authorId":"3577997605150210","name":"Suba","avatar":"https://static.tigerbbs.com/053ae4273b989a37e570ad5f7b35a6d6","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577997605150210","authorIdStr":"3577997605150210"},"themes":[],"htmlText":"Can buy now?","listText":"Can buy now?","text":"Can buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851267644","repostId":"1178865851","repostType":4,"isVote":1,"tweetType":1,"viewCount":944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}