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- joker1joker1
  ·2021-12-20
  No.
  Sea Stock: Down 43% From Its High, is a Buy Now?
  Summary Sea Limited stock has been battered recently as growth stocks sold off massively in the mar
  Sea Stock: Down 43% From Its High, is a Buy Now?
  814 评论
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- joker1joker1
  ·2021-12-18
  $Tiger Brokers(TIGR)$woohoo,冲向云雀！！
  503 评论
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- joker1joker1
  ·2021-12-16
  Good analysis but Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.
  Palantir: A Value Trap
  Summary Palantir is an overvalued government contractor. The business has no intrinsic scale value.
  Palantir: A Value Trap
  407 评论
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- joker1joker1
  ·2021-12-01
  Fake news also can published sia.
  非常抱歉，此主贴已删除
  813 评论
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- joker1joker1
  ·2021-11-26
  Citing sources, yeah right.. Bloomberg spreading fake news when nothing is official. Western media are truly trash.
  非常抱歉，此主贴已删除
  731 评论
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- joker1joker1
  ·2021-11-19
  $Alibaba(09988)$dead trend...not going up nor down..[疑问] .
  705 评论
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- joker1joker1
  ·2021-11-18
  Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.
  @Danielng：
  $BIDU-SW(09888)$dafuq
  $BIDU-SW(09888)$dafuq
  493 评论
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- joker1joker1
  ·2021-11-17
  [得意] [得意] [财迷] , huat ah!
  Baidu beats quarterly revenue estimates on robust ad sales, AI
  China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str
  Baidu beats quarterly revenue estimates on robust ad sales, AI
  755 2
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- joker1joker1
  ·2021-11-16
  Financial freedom only..for the founders[打脸]
  Grab’s Ride-Hailing Service Disrupted Across Southeast Asia
  Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Sin
  Grab’s Ride-Hailing Service Disrupted Across Southeast Asia
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- joker1joker1
  ·2021-11-15
  There are quality Stocks like meta and tencent in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump and dump woodie.
  Cathie Wood Goes Dumpster Diving: 3 Stocks She Just Bought
  A trio of stocks you might consider adding to your portfolio.
  Cathie Wood Goes Dumpster Diving: 3 Stocks She Just Bought
  703 评论
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11:55","market":"us","language":"en","title":"Sea Stock: Down 43% From Its High, is a Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109541249","media":"Seeking Alpha","summary":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the mar","content":"<p><b>Summary</b></p>\n<ul>\n <li>Sea Limited stock has been battered recently as growth stocks sold off massively in the market.</li>\n <li>However, we believe that the fundamental thesis on its rapid growth remains robust.</li>\n <li>We discuss why investors should capitalize on its recent significant correction to add exposure.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>kokkai/iStock Unreleased via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Sea Limited(NYSE:SE)&nbsp;stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.</p>\n<p>Moreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.</p>\n<p>Notably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.</p>\n<p>Our internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.</p>\n<p>We discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.</p>\n<p><b>SE Stock YTD Performance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c191d1f0f6a10e392845cdbda1264aa\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>SE stock YTD performance (as of 17 December'21).</span></p>\n<p>As a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.</p>\n<p><b>Sea Stock Estimates Have Consistently Been Revised Upwards</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8555128e2a30e924dd6c2dd162a27eea\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised revenue mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p>\n<p>Readers can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.</p>\n<p>There were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article&nbsp;that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.</p>\n<p>Moreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the&nbsp;top ten mobile games in terms of overall gaming revenue&nbsp;in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among&nbsp;eight games globally whose annual revenue crossed $1B&nbsp;as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51247ba1efd7fa6d333b482446e94c9a\" tg-width=\"515\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>Global games market forecast. Source: Google, Newzoo</span></p>\n<p>In addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a0612da9a19f7b7198d43213b4f4470\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Shopee adjusted EBITDA per order. Data source: Company filings</span></p>\n<p>But, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80938433e2d55307ca40000eeea2a26f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised adjusted EPS mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p>\n<p>Nevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.</p>\n<p><b>So, is SE Stock a Buy Now?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbc835e49ded8a7a0e5f4fcc9e10649\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>SE stock EV/NTM Revenue 4Y mean.</span></p>\n<p>SE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.</p>\n<p>Considering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bea18a0bdfd970ea640308dc35e099c\" tg-width=\"635\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><span>SE stock price target Vs. actual price trend. Source: Seeking Alpha</span></p>\n<p>Moreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939a544ab94c9e2a2b8a6db943703b39\" tg-width=\"910\" tg-height=\"602\" referrerpolicy=\"no-referrer\"><span>SE stock DCF valuation model. Data source: S&amp;P Capital IQ, company filings, author</span></p>\n<p>Our DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.</p>\n<p>Lastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.</p>\n<p>Consequently,<i>we revise our rating on SE stock to Strong Buy</i>.</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>Sea Stock: Down 43% From Its High, is a 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\">\nSea Stock: Down 43% From Its High, is a Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-20 11:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the market.\nHowever, we believe that the fundamental thesis on its rapid growth remains robust.\nWe discuss ...</p>\n\n<a href=\"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109541249","content_text":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the market.\nHowever, we believe that the fundamental thesis on its rapid growth remains robust.\nWe discuss why investors should capitalize on its recent significant correction to add exposure.\n\nkokkai/iStock Unreleased via Getty Images\nInvestment Thesis\nSea Limited(NYSE:SE) stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.\nMoreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.\nNotably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.\nOur internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.\nWe discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.\nSE Stock YTD Performance\nSE stock YTD performance (as of 17 December'21).\nAs a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.\nSea Stock Estimates Have Consistently Been Revised Upwards\nSea Limited revised revenue mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nReaders can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.\nThere were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.\nMoreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the top ten mobile games in terms of overall gaming revenue in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among eight games globally whose annual revenue crossed $1B as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.\nGlobal games market forecast. Source: Google, Newzoo\nIn addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.\nShopee adjusted EBITDA per order. Data source: Company filings\nBut, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.\nSea Limited revised adjusted EPS mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nNevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.\nSo, is SE Stock a Buy Now?\nSE stock EV/NTM Revenue 4Y mean.\nSE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.\nConsidering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.\nSE stock price target Vs. actual price trend. Source: Seeking Alpha\nMoreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.\nSE stock DCF valuation model. Data source: S&P Capital IQ, company filings, author\nOur DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.\nLastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.\nConsequently,we revise our rating on SE stock to Strong Buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699157989,"gmtCreate":1639758622428,"gmtModify":1639758862140,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>woohoo,冲向云雀！！","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>woohoo,冲向云雀！！","text":"$Tiger Brokers(TIGR)$woohoo,冲向云雀！！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699157989","isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690056747,"gmtCreate":1639616089093,"gmtModify":1639619915941,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"Good analysis but&nbsp;Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to&nbsp;call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","listText":"Good analysis but&nbsp;Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to&nbsp;call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","text":"Good analysis but Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690056747","repostId":"1143795954","repostType":2,"repost":{"id":"1143795954","pubTimestamp":1639613655,"share":"https://www.laohu8.com/m/news/1143795954?lang=&edition=full","pubTime":"2021-12-16 08:14","market":"us","language":"en","title":"Palantir: A Value Trap","url":"https://stock-news.laohu8.com/highlight/detail?id=1143795954","media":"seekingalpha","summary":"Summary\n\nPalantir is an overvalued government contractor.\nThe business has no intrinsic scale value.","content":"<p><b>Summary</b></p>\n<ul>\n <li>Palantir is an overvalued government contractor.</li>\n <li>The business has no intrinsic scale value.</li>\n <li>Palantir’s revenue growth, estimated at 40% this year, is still grossly overvalued.</li>\n</ul>\n<p></p>\n<p></p>\n<p>Palantir (NYSE:PLTR), a software company, has seen its share price fall significantly recently as investors exited high-growth, high-multiple stocks. At 24 times sales, I believe PLTR stock is still significantly overvalued, and investors should brace themselves for new lows.</p>\n<p></p>\n<p><b>A Government Consulting Business With Three Major Issues</b></p>\n<p>Someone needs to explain to me what all the fuss is about with the big data analytics company Palantir. Palantir is frequently lauded for its software capabilities, which provide customers with data intelligence insights that, ostensibly, improve managerial decision making, but I do not see Palantir as what everyone else does: a unique platform business cashing in on the big data market.</p>\n<p></p>\n<p>Palantir is best known for its various \"foundries.\" Palantir's foundries are data management and aggregation systems that assist institutions in efficiently centralizing and storing data. As businesses and government agencies collect more data, the complexities grow rapidly, necessitating the use of software solutions. Palantir is collaborating with businesses and governments to reduce complexity and make use of large data volumes for algorithmic predictions. Palantir has had some success with this type of business, if success is defined solely by sales growth. For example, Palantir's 3Q21 revenue increased by 36% YoY to $392 million. Palantir's main source of revenue, government revenues, increased by 34% YoY, while commercial revenues, which include all of Palantir's business activities outside of government, increased by 37% YoY.</p>\n<p></p>\n<p>Revenue growth, on the other hand, is not a concern for Palantir. Palantir's problems are much deeper, and there is clearly more than one issue here.</p>\n<p></p>\n<p>The first issue with Palantir is that, while the company's sales are increasing at a healthy clip, this is not translating into profits for shareholders. Palantir's revenue increased by 44% to $1.11 billion in the first three quarters of 2021. The sales forecast for 2021 calls for up to a 40% increase in sales. That's a good start, but what about profits?</p>\n<p></p>\n<p>Despite a 44% increase in revenue in 2021, Palantir's profit picture appears to be dire. The company lost $364 million in 2021 alone, and the year isn't even over yet. The total loss for the year could exceed $400 million. Not bad for a company that has been in operation for nearly 20 years and \"grows revenues at a 40% annual rate,\" right? Profits after nearly two decades of operation appear to be too high a bar for Palantir to clear.</p>\n<p></p>\n<p>The second major issue for Palantir, despite its big data allure, is its lack of scalability. Contrary to popular belief, Palantir is little more than a well-paid government consultant whose consulting business is not scalable in any way, shape, or form. Palantir also does not operate a \"platform business\" in the same way that Metaverse (NASDAQ:FB) or Netflix (NASDAQ:NFLX) do. For example, Metaverse collects customer data through a single platform, the Facebook platform. Netflix scales its moving streaming platform, which can add new customers at near-zero marginal costs. Palantir requires personnel to work with each individual client, coach them, and explain platform features. This is not a sustainable business model. It is a software-based consulting business model.</p>\n<p></p>\n<p>The third issue with Palantir, aside from its inability to operate profitably after two decades and its business model's lack of inherent scalability, is that profits made in Palantir's business are siphoned off by insiders who are compensated royally through stock packages at the expense of shareholders. Palantir has increased the number of shares by 12% in one year, and it now has more than 2 billion shares outstanding. As a result, business profits are primarily distributed to highly compensated insiders, rather than to the company's shareholders.</p>\n<p></p>\n<p><b>A Fantasy Valuation</b></p>\n<p>Let's be clear about what we're talking about. We are dealing with a company that is growing its sales by 30-40% per year, which means Palantir will have revenues in the $1.5 billion range by 2021. Give or take fifty million dollars. It is the same company that has a misunderstood \"platform business model,\" no profits after twenty years of operations, and prioritizes insider stock compensation over shareholder dilution in recent years. They are likely to see further dilution in the coming years.</p>\n<p></p>\n<p>Nonetheless, this company continues to trade at a sales multiple of twenty-four. This means that an investor pays 24 times the expected sales amount for the opportunity to invest in Palantir's loss-making \"big data prediction\" business. Palantir remains outrageously overvalued, despite a significant correction since November.</p>\n<p></p>\n<p></p>\n<p><b>My Conclusion</b></p>\n<p>I'd say the valuation is a joke or a calculation error if I didn't know any better. However, this does not appear to be the case. Apparently, a sizable portion of the investor population believes that Palantir, despite its lack of profits and excessive dilution, is worth 24 times sales. In normal circumstances, 24 times earnings would be excessive. Palantir's business has no scale, which calls into question the company's positioning as a growth stock. Palantir is expected to fall further as investors begin to exit high-multiple stocks. PLTR is nothing more than a value trap, nothing less.</p>","source":"lsy1638401102509","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>Palantir: A Value Trap</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\">\nPalantir: A Value Trap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4475365-palantir-a-value-trap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPalantir is an overvalued government contractor.\nThe business has no intrinsic scale value.\nPalantir’s revenue growth, estimated at 40% this year, is still grossly overvalued.\n\n\n\nPalantir (...</p>\n\n<a href=\"https://seekingalpha.com/article/4475365-palantir-a-value-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4475365-palantir-a-value-trap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143795954","content_text":"Summary\n\nPalantir is an overvalued government contractor.\nThe business has no intrinsic scale value.\nPalantir’s revenue growth, estimated at 40% this year, is still grossly overvalued.\n\n\n\nPalantir (NYSE:PLTR), a software company, has seen its share price fall significantly recently as investors exited high-growth, high-multiple stocks. At 24 times sales, I believe PLTR stock is still significantly overvalued, and investors should brace themselves for new lows.\n\nA Government Consulting Business With Three Major Issues\nSomeone needs to explain to me what all the fuss is about with the big data analytics company Palantir. Palantir is frequently lauded for its software capabilities, which provide customers with data intelligence insights that, ostensibly, improve managerial decision making, but I do not see Palantir as what everyone else does: a unique platform business cashing in on the big data market.\n\nPalantir is best known for its various \"foundries.\" Palantir's foundries are data management and aggregation systems that assist institutions in efficiently centralizing and storing data. As businesses and government agencies collect more data, the complexities grow rapidly, necessitating the use of software solutions. Palantir is collaborating with businesses and governments to reduce complexity and make use of large data volumes for algorithmic predictions. Palantir has had some success with this type of business, if success is defined solely by sales growth. For example, Palantir's 3Q21 revenue increased by 36% YoY to $392 million. Palantir's main source of revenue, government revenues, increased by 34% YoY, while commercial revenues, which include all of Palantir's business activities outside of government, increased by 37% YoY.\n\nRevenue growth, on the other hand, is not a concern for Palantir. Palantir's problems are much deeper, and there is clearly more than one issue here.\n\nThe first issue with Palantir is that, while the company's sales are increasing at a healthy clip, this is not translating into profits for shareholders. Palantir's revenue increased by 44% to $1.11 billion in the first three quarters of 2021. The sales forecast for 2021 calls for up to a 40% increase in sales. That's a good start, but what about profits?\n\nDespite a 44% increase in revenue in 2021, Palantir's profit picture appears to be dire. The company lost $364 million in 2021 alone, and the year isn't even over yet. The total loss for the year could exceed $400 million. Not bad for a company that has been in operation for nearly 20 years and \"grows revenues at a 40% annual rate,\" right? Profits after nearly two decades of operation appear to be too high a bar for Palantir to clear.\n\nThe second major issue for Palantir, despite its big data allure, is its lack of scalability. Contrary to popular belief, Palantir is little more than a well-paid government consultant whose consulting business is not scalable in any way, shape, or form. Palantir also does not operate a \"platform business\" in the same way that Metaverse (NASDAQ:FB) or Netflix (NASDAQ:NFLX) do. For example, Metaverse collects customer data through a single platform, the Facebook platform. Netflix scales its moving streaming platform, which can add new customers at near-zero marginal costs. Palantir requires personnel to work with each individual client, coach them, and explain platform features. This is not a sustainable business model. It is a software-based consulting business model.\n\nThe third issue with Palantir, aside from its inability to operate profitably after two decades and its business model's lack of inherent scalability, is that profits made in Palantir's business are siphoned off by insiders who are compensated royally through stock packages at the expense of shareholders. Palantir has increased the number of shares by 12% in one year, and it now has more than 2 billion shares outstanding. As a result, business profits are primarily distributed to highly compensated insiders, rather than to the company's shareholders.\n\nA Fantasy Valuation\nLet's be clear about what we're talking about. We are dealing with a company that is growing its sales by 30-40% per year, which means Palantir will have revenues in the $1.5 billion range by 2021. Give or take fifty million dollars. It is the same company that has a misunderstood \"platform business model,\" no profits after twenty years of operations, and prioritizes insider stock compensation over shareholder dilution in recent years. They are likely to see further dilution in the coming years.\n\nNonetheless, this company continues to trade at a sales multiple of twenty-four. This means that an investor pays 24 times the expected sales amount for the opportunity to invest in Palantir's loss-making \"big data prediction\" business. Palantir remains outrageously overvalued, despite a significant correction since November.\n\n\nMy Conclusion\nI'd say the valuation is a joke or a calculation error if I didn't know any better. However, this does not appear to be the case. Apparently, a sizable portion of the investor population believes that Palantir, despite its lack of profits and excessive dilution, is worth 24 times sales. In normal circumstances, 24 times earnings would be excessive. Palantir's business has no scale, which calls into question the company's positioning as a growth stock. Palantir is expected to fall further as investors begin to exit high-multiple stocks. PLTR is nothing more than a value trap, nothing less.","news_type":1},"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603109344,"gmtCreate":1638370774292,"gmtModify":1638370774924,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"Fake news also can published sia.","listText":"Fake news also can published sia.","text":"Fake news also can published sia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603109344","repostId":"2188551711","repostType":2,"isVote":1,"tweetType":1,"viewCount":813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877848961,"gmtCreate":1637918059550,"gmtModify":1637918059725,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"Citing sources, yeah right.. Bloomberg spreading fake news when nothing is official. Western media are truly trash.","listText":"Citing sources, yeah right.. Bloomberg spreading fake news when nothing is official. Western media are truly trash.","text":"Citing sources, yeah right.. Bloomberg spreading fake news when nothing is official. Western media are truly trash.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877848961","repostId":"2186191993","repostType":2,"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876625764,"gmtCreate":1637307972442,"gmtModify":1637307972609,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>dead trend...not going up nor down..[疑问]&nbsp;.","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>dead trend...not going up nor down..[疑问]&nbsp;.","text":"$Alibaba(09988)$dead trend...not going up nor down..[疑问] .","images":[{"img":"https://static.tigerbbs.com/afa912e41231340d474a0aa50a20f7f9","width":"1080","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876625764","isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":878226216,"gmtCreate":1637199227524,"gmtModify":1637199227735,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","listText":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","text":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878226216","repostId":"878228142","repostType":1,"repost":{"id":878228142,"gmtCreate":1637199108503,"gmtModify":1637199108606,"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://static.tigerbbs.com/024f7639570d9482b3ca8647b5d54ebd","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>dafuq","listText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>dafuq","text":"$BIDU-SW(09888)$dafuq","images":[{"img":"https://static.tigerbbs.com/3c5e39a298148392d389d29f46a56270","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878228142","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878988284,"gmtCreate":1637138381299,"gmtModify":1637138381893,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"[得意]&nbsp;[得意]&nbsp;[财迷]&nbsp;, huat ah!","listText":"[得意]&nbsp;[得意]&nbsp;[财迷]&nbsp;, huat ah!","text":"[得意] [得意] [财迷] , huat ah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878988284","repostId":"1154755901","repostType":4,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=&edition=full","pubTime":"2021-11-17 16:34","market":"us","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p>\n<p>Baidu stock climbed 1.6% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p>\n<ul>\n <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>\n <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li>\n</ul>\n<p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p>\n<p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p>\n<p><b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p>\n<p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p>\n<p><b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p>\n<p><b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p>\n<p>Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p>\n<p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p>\n<p>As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p>\n<p><b>Other Highlights</b></p>\n<p><i>Corporate</i></p>\n<ul>\n <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>\n <li>ESG:</li>\n <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>\n <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>\n <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li>\n</ul>\n<p><i>AI Cloud</i></p>\n<ul>\n <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>\n <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>\n <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>\n <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li>\n</ul>\n<p><i>Intelligent Driving</i></p>\n<ul>\n <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>\n <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>\n <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li>\n</ul>\n<p><i>Other Growth Initiatives</i></p>\n<ul>\n <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>\n <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li>\n</ul>\n<p><i>Mobile Ecosystem</i></p>\n<ul>\n <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>\n <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>\n <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li>\n</ul>\n<p><i>iQIYI</i></p>\n<ul>\n <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li>\n</ul>\n<p><b>Financial Guidance</b></p>\n<p>For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over 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>Baidu beats quarterly revenue estimates on robust ad sales, AI</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; 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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\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI\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\">2021-11-17 16:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p>\n<p>Baidu stock climbed 1.6% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p>\n<ul>\n <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>\n <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li>\n</ul>\n<p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p>\n<p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p>\n<p><b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p>\n<p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p>\n<p><b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p>\n<p><b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p>\n<p>Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p>\n<p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p>\n<p>As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p>\n<p><b>Other Highlights</b></p>\n<p><i>Corporate</i></p>\n<ul>\n <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>\n <li>ESG:</li>\n <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>\n <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>\n <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li>\n</ul>\n<p><i>AI Cloud</i></p>\n<ul>\n <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>\n <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>\n <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>\n <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li>\n</ul>\n<p><i>Intelligent Driving</i></p>\n<ul>\n <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>\n <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>\n <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li>\n</ul>\n<p><i>Other Growth Initiatives</i></p>\n<ul>\n <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>\n <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li>\n</ul>\n<p><i>Mobile Ecosystem</i></p>\n<ul>\n <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>\n <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>\n <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li>\n</ul>\n<p><i>iQIYI</i></p>\n<ul>\n <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li>\n</ul>\n<p><b>Financial Guidance</b></p>\n<p>For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871832033,"gmtCreate":1637048542477,"gmtModify":1637048542721,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"Financial freedom only..for the founders[打脸]&nbsp;","listText":"Financial freedom only..for the founders[打脸]&nbsp;","text":"Financial freedom only..for the founders[打脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871832033","repostId":"2183188070","repostType":4,"repost":{"id":"2183188070","pubTimestamp":1637047263,"share":"https://www.laohu8.com/m/news/2183188070?lang=&edition=full","pubTime":"2021-11-16 15:21","market":"us","language":"en","title":"Grab’s Ride-Hailing Service Disrupted Across Southeast Asia","url":"https://stock-news.laohu8.com/highlight/detail?id=2183188070","media":"Bloomberg","summary":"Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Sin","content":"<p>Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Singapore, Malaysia and the Philippines on Tuesday with some customers reporting problems with using the app.</p>\n<p>“We are currently experiencing a service disruption,” Grab said in a statement in response to questions from Bloomberg News. “Our teams are working hard to fix this and we will provide updates as they become available. We apologize for the inconvenience.”</p>\n<p>Grab operates ride-hailing, delivery, and digital financial services in more than 400 cities in eight countries in Southeast Asia.</p>\n<p>The Singapore-based company is preparing to merge with <a href=\"https://laohu8.com/S/AGCUU\">Altimeter Growth</a> Gorp., the special purpose acquisition company of Brad Gerstner’s Altimeter Capital Management. Grab has postponed the $40 billion deal -- announced in April and <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest-ever mergers with a SPAC -- to the fourth quarter as it works on an audit of the past three years’ accounts. The company reiterated last week it expects the deal to complete this quarter.</p>\n<p>Grab Loss Widens as Pandemic Weighs on Ride-Hailing Demand.</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>Grab’s Ride-Hailing Service Disrupted Across Southeast Asia</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\">\nGrab’s Ride-Hailing Service Disrupted Across Southeast Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/grab-ride-hailing-disrupted-across-020433019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Singapore, Malaysia and the Philippines on Tuesday with some customers reporting problems with using ...</p>\n\n<a href=\"https://finance.yahoo.com/news/grab-ride-hailing-disrupted-across-020433019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGCUU":"Altimeter Growth","TWTR":"Twitter"},"source_url":"https://finance.yahoo.com/news/grab-ride-hailing-disrupted-across-020433019.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2183188070","content_text":"Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Singapore, Malaysia and the Philippines on Tuesday with some customers reporting problems with using the app.\n“We are currently experiencing a service disruption,” Grab said in a statement in response to questions from Bloomberg News. “Our teams are working hard to fix this and we will provide updates as they become available. We apologize for the inconvenience.”\nGrab operates ride-hailing, delivery, and digital financial services in more than 400 cities in eight countries in Southeast Asia.\nThe Singapore-based company is preparing to merge with Altimeter Growth Gorp., the special purpose acquisition company of Brad Gerstner’s Altimeter Capital Management. Grab has postponed the $40 billion deal -- announced in April and one of the largest-ever mergers with a SPAC -- to the fourth quarter as it works on an audit of the past three years’ accounts. The company reiterated last week it expects the deal to complete this quarter.\nGrab Loss Widens as Pandemic Weighs on Ride-Hailing Demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873415680,"gmtCreate":1636975269064,"gmtModify":1636975269285,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":7,"crmLevelSwitch":0},"themes":[],"htmlText":"There are quality Stocks like meta and tencent&nbsp;in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump&nbsp;and dump woodie.","listText":"There are quality Stocks like meta and tencent&nbsp;in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump&nbsp;and dump woodie.","text":"There are quality Stocks like meta and tencent in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump and dump woodie.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873415680","repostId":"2183046479","repostType":2,"repost":{"id":"2183046479","pubTimestamp":1636962804,"share":"https://www.laohu8.com/m/news/2183046479?lang=&edition=full","pubTime":"2021-11-15 15:53","market":"us","language":"en","title":"Cathie Wood Goes Dumpster Diving: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2183046479","media":"Motley Fool","summary":"A trio of stocks you might consider adding to your portfolio.","content":"<p>Cathie Wood runs one(AONE.U) of the most popular tech stock funds, the <b>ARK Innovation Fund </b>(NYSEMKT:ARKK), with more than $19 billion under management. This fund is not only popular, but it is also soundly beating the <b>S&amp;P 500</b> with a five-year return of 39% annually (as of Sept. 30).&nbsp;Cathie Wood runs this fund and seven other tech-focused funds that are popular with growth investors. One of the things that makes her a popular investor to follow is that all the buys and sells from these funds are published daily.</p>\n<p>Since she has a history of picking high-tech stocks at good prices, we asked three Motley Fool contributors to highlight one company that her funds have purchased recently that investors should consider adding to their portfolio.</p>\n<p>They came up with <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> </b>(NASDAQ:FB), <b>Palantir</b> (NYSE:PLTR), and <b>Twilio</b> (NYSE:TWLO).</p>\n<h2>Meta Platforms: The company formerly known as Facebook</h2>\n<p><b>Danny Vena (Meta Platforms): </b>The <b><a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a></b> has made some bold moves lately, no doubt spurred on by Cathie Wood's vision of the future. One of the biggest purchases over the past week is the addition of a big chunk of Meta Platforms, the company formerly known as Facebook.</p>\n<p>Over the past week, the fund has stockpiled more than 100,000 shares of Meta, worth more than $33 million (as of this writing). Perhaps more importantly, ARK Fintech Innovation already had a substantial stake in Meta, now equal to a roughly 3% position, and valued at nearly $103 million -- making it the fund's 11th largest position.</p>\n<p>Meta has been working to debut its long-awaited digital currency dubbed Diem, formerly known as Libra. The company is a founding member of the Diem Association, which underpins the upcoming cryptocurrency.&nbsp;Diem is a blockchain-based payment system that was designed from the ground up with payments in mind, focusing on \"consumer safety, financial stability, and combating financial crime.\"</p>\n<p>Additionally, just last month, Meta launched a pilot of Novi -- its cryptocurrency wallet -- to a small number of users in the U.S. and Guatemala.</p>\n<p>Given Wood's early adoption and bullish track record regarding <b>Bitcoin</b>, it's little wonder the rock star investor might place a similar bet on a Meta-backed cryptocurrency and digital wallet. But those fintech aspirations notwithstanding, there are plenty of other reasons to be bullish on Meta.</p>\n<p>Let's not forget that Facebook is one of the most recognized companies on the planet. For the third quarter, Facebook reported 1.93 billion daily active users (DAUs), up 6% year over year, and 2.91 billion monthly active users (MAUs). When you expand that to include the company's other platforms (Instagram, WhatsApp, and Messenger) that rises to 2.81 billion DAUs and 3.58 billion MAUs.</p>\n<p>That many users creates a powerful network effect for the social media baron, helping Meta generate significant advertising revenue to support its moonshots. In the third quarter, revenue of $29 billion grew 35% year over year -- even as the company dealt with privacy reforms rolled out by <b>Apple</b>, which made it more difficult to measure the success of advertising campaigns across devices using iOS. Meta also generated more than $9.1 billion in net income and $9.5 billion in free cash flow.</p>\n<p>Even as the company faces regulatory challenges, Meta is preparing for the metaverse, a digital realm online where users play, work, and shop. Meta describes this as \"the next evolution of social connection ... [where] you'll be able to socialize, learn, collaborate and play in ways that go beyond what's possible today.\"</p>\n<p>Meta sees the metaverse as its next big growth driver, as well as a way to retain young, tech savvy users. The company has a head start in the areas of augmented reality (AR) and virtual-reality, which will likely be key components in its broader strategy.</p>\n<p>It also doesn't hurt that the stock is on sale at a 15% discount to recent highs.</p>\n<h2>Palantir: Wood continues adding shares to this insight seeker</h2>\n<p><b>Will Healy</b> <b>(Palantir): </b>Palantir stands out from other data companies in that it specializes in delivering insights. The company works with national security and law enforcement organizations through its Gotham software, functionality that has everyone talking about Palantir stock.</p>\n<p>Moreover, the company has also developed a product for the commercial space, called Foundry, which currently drives the company's fastest growth.</p>\n<p>Seeing the potential of these products, Wood has accumulated Palantir shares in the ARK Innovation Fund since February, buying multiple lots with only one sale in September. This has taken the total in that fund to more than 24 million shares, a 2.8% weighting. Wood has added Palantir shares less aggressively to the <b>ARK Industrial Innovation ETF</b>. Nonetheless, more than 1.1 million Palantir shares make up about 1% of this fund.</p>\n<p>Palantir reported strong numbers in its third-quarter 2021 earnings report. Third-quarter revenue of $392 million surged 36% from year-ago levels. This led to an adjusted net income of $82 million. Palantir also raised fourth-quarter guidance, and predicted the $418 million in revenue will rise 30% year over year if that number holds.</p>\n<p>Nonetheless, the stock dropped 9% in Tuesday trading as the company forecast an adjusted operating margin of 22% for Q4. Analysts had expected 24%. Moreover, a government document indicated that U.S. Immigration and Customs Enforcement (ICE) might replace Palantir's system with a competing product, though a recent U.S. Army contract could mitigate that loss.</p>\n<p>Additionally, while Wood bought just under 1 million shares between the two funds on that day, the stock fell an additional 7% on Wednesday. With that move, Palantir stock wipes out all of its 2021 gains and has fallen 4% in 2021 as of the time of this writing. Also, despite that drop, Palantir trades at a price-to-sales (P/S) ratio of 27, well above the average S&amp;P 500 stock, which sells at just over three times sales.</p>\n<p>With its data insight capabilities, Palantir's massive revenue growth should continue. However, given the high sales multiple and the stock falling on a mostly favorable earnings report, investors may not want to follow Wood's lead in the near term.</p>\n<h2>Twilio: Expanding its mission</h2>\n<p><b>Brian Withers (Twilio): </b>Twilio announced earnings on Oct. 28, and the stock took a 17% haircut the next day. Since then, Cathie Wood's ARK funds snapped up over 415,000 shares of the stock representing about $122 million. These buys moved this customer communication platform specialist to the 12th largest holding across its funds. Let take a look at why she might be buying massive quantities of this tech company, which appears to be on sale.</p>\n<p>First, let's look at the quarterly results and why investors may have been spooked. The top line grew at a massive 65% year over year, but subtracting the contributions for the Zipwhip and Segment.io acquisitions, the year-over-year growth drops to 38%. This is a deceleration from the last four quarters of organic year-over-year growth that were between 47% and 54%. This slowdown was one reason for the stock sell-off, the other was likely the growing losses. Expenses increased faster than revenue this quarter and the company more than doubled its operating loss year over year.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metrics</p></th>\n   <th><p>Q3 2020</p></th>\n   <th><p>Q2 2021</p></th>\n   <th><p>Q3 2021</p></th>\n   <th><p>Change (QOQ)</p></th>\n   <th><p>Change (YOY)</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Revenue</p></td>\n   <td><p>$448 million</p></td>\n   <td><p>$669 million</p></td>\n   <td><p>$740 million</p></td>\n   <td><p>11%</p></td>\n   <td><p>65%</p></td>\n  </tr>\n  <tr>\n   <td><p>Organic revenue</p></td>\n   <td><p>$438 million</p></td>\n   <td><p>$590 million</p></td>\n   <td><p>$606 million</p></td>\n   <td><p>3%</p></td>\n   <td><p>38%</p></td>\n  </tr>\n  <tr>\n   <td><p>Operating income (loss)</p></td>\n   <td><p>($112 million)</p></td>\n   <td><p>($227 million)</p></td>\n   <td><p>($232 million)</p></td>\n   <td><p>n/a</p></td>\n   <td><p>n/a</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Company earnings release. QOQ = quarter over quarter. YOY = year over year.</p>\n<p>But one quarter doesn't make a trend and this company's got a lot up its sleeve. It just announced its Twilio Engage platform which takes advantage of the integration of Segment.io's customer data platform and Twilio's core messaging services. This new product will enable businesses to personalize messages based on customer behaviors and will make the messages customers receive even more relevant to their needs.</p>\n<p>Lastly, the company has updated its mission. For the last 13 years, the mission has been \"Fuel the Future of Communications.\" Today the mission is broader, focusing on its core user, the software developer. It is to \"Unlock the Imagination of Builders.\" This may not make any impact this quarter or even in the coming year. But over time, this allows the company to expand beyond just its communication products.</p>\n<p>With the stock more than 30% off its high, it could be a good time to jump in and pick up some shares yourself. You probably won't be buying in the amount that the ARK funds have, but even if you just add a few shares today, in five years, it's likely you'll be very happy you did.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Goes Dumpster Diving: 3 Stocks She Just Bought</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Goes Dumpster Diving: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-15 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/14/cathie-wood-goes-dumpster-diving-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood runs one(AONE.U) of the most popular tech stock funds, the ARK Innovation Fund (NYSEMKT:ARKK), with more than $19 billion under management. This fund is not only popular, but it is also ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/14/cathie-wood-goes-dumpster-diving-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWLO":"Twilio Inc","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2021/11/14/cathie-wood-goes-dumpster-diving-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2183046479","content_text":"Cathie Wood runs one(AONE.U) of the most popular tech stock funds, the ARK Innovation Fund (NYSEMKT:ARKK), with more than $19 billion under management. This fund is not only popular, but it is also soundly beating the S&P 500 with a five-year return of 39% annually (as of Sept. 30). Cathie Wood runs this fund and seven other tech-focused funds that are popular with growth investors. One of the things that makes her a popular investor to follow is that all the buys and sells from these funds are published daily.\nSince she has a history of picking high-tech stocks at good prices, we asked three Motley Fool contributors to highlight one company that her funds have purchased recently that investors should consider adding to their portfolio.\nThey came up with Meta Platforms (NASDAQ:FB), Palantir (NYSE:PLTR), and Twilio (NYSE:TWLO).\nMeta Platforms: The company formerly known as Facebook\nDanny Vena (Meta Platforms): The ARK Fintech Innovation ETF has made some bold moves lately, no doubt spurred on by Cathie Wood's vision of the future. One of the biggest purchases over the past week is the addition of a big chunk of Meta Platforms, the company formerly known as Facebook.\nOver the past week, the fund has stockpiled more than 100,000 shares of Meta, worth more than $33 million (as of this writing). Perhaps more importantly, ARK Fintech Innovation already had a substantial stake in Meta, now equal to a roughly 3% position, and valued at nearly $103 million -- making it the fund's 11th largest position.\nMeta has been working to debut its long-awaited digital currency dubbed Diem, formerly known as Libra. The company is a founding member of the Diem Association, which underpins the upcoming cryptocurrency. Diem is a blockchain-based payment system that was designed from the ground up with payments in mind, focusing on \"consumer safety, financial stability, and combating financial crime.\"\nAdditionally, just last month, Meta launched a pilot of Novi -- its cryptocurrency wallet -- to a small number of users in the U.S. and Guatemala.\nGiven Wood's early adoption and bullish track record regarding Bitcoin, it's little wonder the rock star investor might place a similar bet on a Meta-backed cryptocurrency and digital wallet. But those fintech aspirations notwithstanding, there are plenty of other reasons to be bullish on Meta.\nLet's not forget that Facebook is one of the most recognized companies on the planet. For the third quarter, Facebook reported 1.93 billion daily active users (DAUs), up 6% year over year, and 2.91 billion monthly active users (MAUs). When you expand that to include the company's other platforms (Instagram, WhatsApp, and Messenger) that rises to 2.81 billion DAUs and 3.58 billion MAUs.\nThat many users creates a powerful network effect for the social media baron, helping Meta generate significant advertising revenue to support its moonshots. In the third quarter, revenue of $29 billion grew 35% year over year -- even as the company dealt with privacy reforms rolled out by Apple, which made it more difficult to measure the success of advertising campaigns across devices using iOS. Meta also generated more than $9.1 billion in net income and $9.5 billion in free cash flow.\nEven as the company faces regulatory challenges, Meta is preparing for the metaverse, a digital realm online where users play, work, and shop. Meta describes this as \"the next evolution of social connection ... [where] you'll be able to socialize, learn, collaborate and play in ways that go beyond what's possible today.\"\nMeta sees the metaverse as its next big growth driver, as well as a way to retain young, tech savvy users. The company has a head start in the areas of augmented reality (AR) and virtual-reality, which will likely be key components in its broader strategy.\nIt also doesn't hurt that the stock is on sale at a 15% discount to recent highs.\nPalantir: Wood continues adding shares to this insight seeker\nWill Healy (Palantir): Palantir stands out from other data companies in that it specializes in delivering insights. The company works with national security and law enforcement organizations through its Gotham software, functionality that has everyone talking about Palantir stock.\nMoreover, the company has also developed a product for the commercial space, called Foundry, which currently drives the company's fastest growth.\nSeeing the potential of these products, Wood has accumulated Palantir shares in the ARK Innovation Fund since February, buying multiple lots with only one sale in September. This has taken the total in that fund to more than 24 million shares, a 2.8% weighting. Wood has added Palantir shares less aggressively to the ARK Industrial Innovation ETF. Nonetheless, more than 1.1 million Palantir shares make up about 1% of this fund.\nPalantir reported strong numbers in its third-quarter 2021 earnings report. Third-quarter revenue of $392 million surged 36% from year-ago levels. This led to an adjusted net income of $82 million. Palantir also raised fourth-quarter guidance, and predicted the $418 million in revenue will rise 30% year over year if that number holds.\nNonetheless, the stock dropped 9% in Tuesday trading as the company forecast an adjusted operating margin of 22% for Q4. Analysts had expected 24%. Moreover, a government document indicated that U.S. Immigration and Customs Enforcement (ICE) might replace Palantir's system with a competing product, though a recent U.S. Army contract could mitigate that loss.\nAdditionally, while Wood bought just under 1 million shares between the two funds on that day, the stock fell an additional 7% on Wednesday. With that move, Palantir stock wipes out all of its 2021 gains and has fallen 4% in 2021 as of the time of this writing. Also, despite that drop, Palantir trades at a price-to-sales (P/S) ratio of 27, well above the average S&P 500 stock, which sells at just over three times sales.\nWith its data insight capabilities, Palantir's massive revenue growth should continue. However, given the high sales multiple and the stock falling on a mostly favorable earnings report, investors may not want to follow Wood's lead in the near term.\nTwilio: Expanding its mission\nBrian Withers (Twilio): Twilio announced earnings on Oct. 28, and the stock took a 17% haircut the next day. Since then, Cathie Wood's ARK funds snapped up over 415,000 shares of the stock representing about $122 million. These buys moved this customer communication platform specialist to the 12th largest holding across its funds. Let take a look at why she might be buying massive quantities of this tech company, which appears to be on sale.\nFirst, let's look at the quarterly results and why investors may have been spooked. The top line grew at a massive 65% year over year, but subtracting the contributions for the Zipwhip and Segment.io acquisitions, the year-over-year growth drops to 38%. This is a deceleration from the last four quarters of organic year-over-year growth that were between 47% and 54%. This slowdown was one reason for the stock sell-off, the other was likely the growing losses. Expenses increased faster than revenue this quarter and the company more than doubled its operating loss year over year.\n\n\n\nMetrics\nQ3 2020\nQ2 2021\nQ3 2021\nChange (QOQ)\nChange (YOY)\n\n\n\n\nRevenue\n$448 million\n$669 million\n$740 million\n11%\n65%\n\n\nOrganic revenue\n$438 million\n$590 million\n$606 million\n3%\n38%\n\n\nOperating income (loss)\n($112 million)\n($227 million)\n($232 million)\nn/a\nn/a\n\n\n\nData source: Company earnings release. QOQ = quarter over quarter. YOY = year over year.\nBut one quarter doesn't make a trend and this company's got a lot up its sleeve. It just announced its Twilio Engage platform which takes advantage of the integration of Segment.io's customer data platform and Twilio's core messaging services. This new product will enable businesses to personalize messages based on customer behaviors and will make the messages customers receive even more relevant to their needs.\nLastly, the company has updated its mission. For the last 13 years, the mission has been \"Fuel the Future of Communications.\" Today the mission is broader, focusing on its core user, the software developer. It is to \"Unlock the Imagination of Builders.\" This may not make any impact this quarter or even in the coming year. But over time, this allows the company to expand beyond just its communication products.\nWith the stock more than 30% off its high, it could be a good time to jump in and pick up some shares yourself. You probably won't be buying in the amount that the ARK funds have, but even if you just add a few shares today, in five years, it's likely you'll be very happy you did.","news_type":1},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}