From January 2015, she started to practice leetcode questions; she trains herself to stay focus, develops "muscle" memory when she practices those questions one by one.
2015年初, Julia开始参与做Leetcode, 开通自己第一个博客. 刷Leet code的题目, 她看了很多的代码, 每个人那学一点, 也开通Github, 发表自己的代码, 尝试写自己的一些体会.
She learns from her favorite sports – tennis, 10,000 serves practice builds up good memory for a great serve. Just keep going.
Hard work beats talent when talent fails to work hard.
Donald Trump’s return as U.S. president for the second time on Wednesday boosted equity markets on bets of lower corporate tax, favorable tariffs and deregulation, lifting the shares of banks, locally focused small-cap companies and Trump Media.
The S&P 500 and the Dow were set to open at record levels, while futures tied to the small-cap Russell 2000 index surged 6%.
“The market believes a Trump presidency will unleash animal spirits and give a boost to growth in the short-term through some relief on corporate taxes and deregulation,” said Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia.
The shares have nearly tripled in value from their all-time lows in late September, and his stake was last worth about $5.4 billion. The company’s nearly $9 billion stock market value is detached from its day-to-day business, analysts said.
Trump’s Republican Party also secured the Senate and was making gains in the House of Representatives, potentially making it easier for the president to legislate his proposals and push through key appointments.
Markets “have priced in a pretty strong mandate for the Republicans and are biasing toward most of the Trump trades,” said Scott Chronert, U.S. equity strategist at Citi.
“Policy details will be important for here as the market focus seems to be putting more emphasis on deregulation, tax cuts, and a more business-friendly backdrop.”
Wall Street lenders JPMorgan Chase, Bank of America and Goldman Sachs jumped between 7% and 9% on prospects that improved domestic investment and looser regulations would spur deals.Donald Trump’s return as U.S. president for the second time on Wednesday boosted equity markets on bets of lower corporate tax, favorable tariffs and deregulation, lifting the shares of banks, locally focused small-cap companies and Trump Media.
) CEO Elon Musk head of a government efficiency commission after the billionaire backed Trump throughout his electoral campaign led to a 12.6% surge in the shares of the electric automaker.
The S&P 500 and the Dow were set to open at record levels, while futures tied to the small-cap Russell 2000 index surged 6%.
“The market believes a Trump presidency will unleash animal spirits and give a boost to growth in the short-term through some relief on corporate taxes and deregulation,” said Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia.
), in which Trump owns a majority stake, soared nearly 37% as investors overlooked the company’s latest quarterly results that showed the Truth social parent’s revenue was just $1 million.
The shares have nearly tripled in value from their all-time lows in late September, and his stake was last worth about $5.4 billion. The company’s nearly $9 billion stock market value is detached from its day-to-day business, analysts said.
Trump’s Republican Party also secured the Senate and was making gains in the House of Representatives, potentially making it easier for the president to legislate his proposals and push through key appointments.
Markets “have priced in a pretty strong mandate for the Republicans and are biasing toward most of the Trump trades,” said Scott Chronert, U.S. equity strategist at Citi.
“Policy details will be important for here as the market focus seems to be putting more emphasis on deregulation, tax cuts, and a more business-friendly backdrop.”
Wall Street lenders JPMorgan Chase, Bank of America and Goldman Sachs jumped between 7% and 9% on prospects that improved domestic investment and looser regulations would spur deals.
Victory for Trump, who has positioned himself as pro-cryptocurrency, lifted bitcoin to a record high. Crypto-linked stocks Coinbase, MicroStrategy, Riot Platforms, MARA Holdings jumped between 10% and 12%.
Private prison operators Geo Group and CoreCivic jumped 20% and 22%, respectively, as Trump’s promised crack down on illegal immigration could boost demand for detention centers.
Elsewhere, European defense stocks jumped against the backdrop of Trump’s earlier threat to withdraw from NATO, saying he would not defend allies that did not raise defense budgets.
“A Trump presidency would add further impetus to accelerate European defense spending, as evidenced by his first term in 2017-21,” Berenberg analysts said.
AUTOS, ENERGY AND CHINA
While Tesla shares surged on Musk-Trump proximity, stocks of other electric automakers dipped as Trump had said he would consider ending a $7,500 tax credit for EV purchases.
Rivian Automotive dropped 2.6% and Nikola slipped about 1.6%.
“Nobody is making money in EVs aside from Tesla, so the reduction or elimination of EV credits will widen Tesla’s competitive moat,” said Garrett Nelson, senior equity analyst at CFRA Research.
Shares of U.S. automakers Ford and General Motors were up 3.3% and 1.5%, respectively.
Oil majors Chevron and Exxon Mobil firmed about 2% each, while U.S. renewable energy companies such as NextEra Energy and First Solar plunged 6% and 14%, respectively.
Trump’s presidential campaign laid out an energy policy platform centered around maximizing U.S. fuel and power output, in part by dismantling the current administration’s centerpiece efforts to fight climate change.
Fears of escalation in Sino-U.S. tensions pressured U.S.-listed China shares with iShares MSCI China ETF dropping nearly 3%.
Import duties, including a 10% universal tariff on imports from all foreign countries and a 60% tariff on imports from China, are a key plank of Trump’s policies and likely to have the biggest global impact.
Narrow-moat Celanese's third-quarter results reflected slowing demand and falling commodity chemicals prices. While companywide average chemical prices were down 3% versus the prior-year quarter, this was offset by cost savings initiatives as operating EBITDA was up 3% year over year. We've updated our outlook for a more delayed recovery, as we expect weaker demand will remain in place for the majority of Celanese's end markets, including the automotive and construction industries. As a result, we're reducing our 2024 and 2025 forecasts as we expect a slower volume recovery and lower prices. Accordingly, we're reducing our fair value estimate to $150 from $160.
Celanese shares were down 25% at the time of writing, as management's fourth-quarter guidance for adjusted earnings per share of $1.25 came in well below the median consensus estimates of $2.95 based on FactSet data. Additionally, management announced a plan to cut the dividend 95% in 2025 from the $2.80 per share paid in 2024 as a way to direct more free cash flow toward debt repayment. At current prices, we view Celanese shares as undervalued with the stock trading in 4-star territory.
While we were surprised management announced such a drastic dividend cut, this should allow Celanese to more quickly pay down debt and strengthen the balance sheet. We view this move as proactive and prudent. Following the announcement, we reviewed our Capital Allocation Rating, and we're maintaining our Exemplary rating, despite the dividend cut. While the current management team did make the DuPont acquisition that was funded with debt, we think the cyclicality in Celanese's business is driving the challenging near-term results, creating the need to cut the dividend. While management could have likely maintained the dividend over the near term, this should direct free cash flow to strengthen the balance sheet and allow Celanese to pay down debt even if the slowdown continues throughout 2025 and into 2026.
Marqeta pioneered modern card issuing more than a decade ago, enabling enterprises to launch customized card programs — such as debit, credit, and virtual cards — that are highly scalable, configurable, and reliable. Over the years, the company has also expanded to other financial services such as digital banking, risk management, and rewards programs.
Marqeta is probably the best modern issuer processor on the issuing-facing side of the payment ecosystem, which is why some of the most innovative and disruptive technology companies partner with Marqeta. For instance,
Block's (SQ) Cash App Card, Square Debit Card, and Afterpay platform are all powered by Marqeta — Block has been working with Marqeta since 2018.
Uber (UBER) Eats recently expanded its US partnership with Marqeta to eight additional markets worldwide — Uber has been working with Marqeta since 2020.
Klarna, the Swedish BNPL giant, recently launched the new and improved Klarna Card in the US, which is supported by Marqeta — Klarna has been working with Marqeta since 2016.
Mind you, Marqeta's clientele are some of the fastest-growing technology companies in their respective industries, so as these businesses grow, Marqeta grows as well.
At the end of the day, this sort of disruptive clientele shows how powerful the Marqeta platform is, which enables the company to capitalize on the great fintech opportunity.
MQ | 30 m chart |
MQ stock | M chart
From $3.5/ share to $5/ share are long area, MA stock can rebound to $5/ share in short future?
Goodyear Tire's revenue fell due to a divestiture, but it beat earnings estimates.
Its operating margin improved for the fourth quarter in a row.
Management said the transformation plan is paying off.
The timeless auto-parts company posted strong bottom-line growth.
Shares of Goodyear Tire (GT 13.67%) were moving higher today after the auto-parts company posted better-than-expected results on the bottom line in its third-quarter earnings report, showing that its transformation plan was starting to pay off. As of 2:36 p.m. ET, Goodyear stock was up 13.9% on the news.
Goodyear heats up
Goodyear actually missed estimates on the top line, but investors were willing to overlook that as the company showed strong margin improvement.
Revenue in the quarter fell 6.2% to $4.82 billion, which was below the consensus of $4.94 billion. Revenue was down partly due to divestitures, including its off-the-road tire business. The company sold 42.5 million tire units in the quarter, down from 45.3 million in the quarter a year ago.
However, investors were most impressed with the bottom-line performance as the company delivered its fourth consecutive quarter of segment operating-income margin expansion. Segment operating margin improved from 6.5% to 7.2% and was up 300 basis points over the last four quarters.
On the bottom line, Goodyear reported adjusted earnings per share of $0.37, up from $0.36 in the quarter a year ago, and better than estimates of $0.21.
What's next for Goodyear
The tire industry hasn't been particularly rewarding for investors, and Goodyear Tire is still down sharply from its pandemic-era gains. However, management believes the Goodyear Forward transformation plan is paying off, and the improving operating margin is encouraging.
Management raised its guidance for earnings benefits from the program to $450 million in 2024 and $750 million in 2025. If the company continues to execute on that plan and expand its margins, the stock looks like a good bet to move higher as shares are cheap, based on the company's earnings over the last four quarters.
Mayur Nallamala is a Managing Director, Chief Executive Officer & Head of Asian Equities. He has been in the investment industry since 1998, and prior to joining the firm in 2013 was a portfolio manager at JP Morgan Asset Management in Hong Kong. He was responsible for Asia Pacific ex-Japan mandates managing assets on behalf of sovereign wealth, institutional and retail clients around the world. He spent his early career at Chase Futures & Options in London and at ABN AMRO in Hong Kong.
Mayur holds a Bachelor of Science from the London School of Economics.
Portfolio Manager, RBC Global Asset Management (Asia) Limited
Siguo is a portfolio manager on the Asian Equity team at RBC GAM. She is the lead manager for the team's China strategy and is also the team's healthcare specialist. Prior to joining RBC GAM in 2017, Siguo was a sell-side equity analyst with a multinational investment bank where she specialized in China and Hong Kong consumer sectors and Hong Kong Equity strategy. She started her career in the investment industry in 2012.
