Year in Review: Reflection & Goal Setting for Patient Leaders

The countdown to 2022 is on, but before we head into the new year, let’s pause to reflect on our advocacy this past year. After all, the only way to improve is to take all your victories and battles as valuable learning lessons.

In this patient leader workshop, we’ll hear from top patient leaders and WEGO Health Awards winners about the importance of goal setting, celebrating victories, and honoring your needs as we head into another year of patient advocacy.


Key Takeaways:

💌 Be honest and be real: The last two years have been anything but easy, be compassionate with yourself as you reflect back on the year and look ahead to 2022. If your advocacy has taken a back seat as you navigate these world challenges, know you aren’t alone. Many patient leaders have made the decision to fill their own cup, and focus on their needs this year – and that’s 100% okay.

Set yourself up for success: The biggest rookie mistake is committing to too many goals for your advocacy. With so much going on in the world, it’s more important than ever to simplify your goals – there is a fine line between growth and making goals attainable. Narrowing your goals can help hone in on your focus, and prevent you from feeling overwhelmed, and stressed over where to start.

🔎 Reflect & look ahead: It’s always important to reflect on the previous year before looking ahead to the upcoming year. Reflection helps us identify what energizes us, and what drains energy from us. This information can be very telling when strategizing and outlining key achievements or milestones.

🔥 Stay inspired: Connecting with other patient leaders is one of the best ways to stay energized and inspired! There is so much to gain by networking with patient leaders across all health communities. Following today’s panelists is the perfect way to get started! Take a moment to connect with Trishna, Damian, Elle, Cathy, Daniel, Jenn, Marissa & Dr. Christi.

Need some guidance for reflection & goal setting? Download our free 2022 Patient Leader Planning resource to get yourself ready for next year.

Should Dollar General or Dollar Tree Give Investors a Case of FOMO?

Dollar stores are on fire, but does the post-earnings rally have legs? 

Shares of Dollar General (NYSE: DG) and Dollar Tree (NASDAQ: DLTR) are rallying the day after both companies reported strong earnings. In late-day trading, DLTR stock was leading the NASDAQ index with a 21% gain. For its own part, Dollar General posted a gain of over 13%.  


MarketBeat.com – MarketBeat

In fairness, both stocks plummeted last week in what could be described as guilt by association. The dour outlooks from Target (NYSE: TGT) and Walmart (NYSE: WMT) stoked investor fear.  

But is this rally a sign that retail is recovering, a dead cat bounce…or is it something else? In late May, U.S. Treasury Secretary Janet Yellen started uttering the “S” word. That word is stagflation. However, with or without stagflation, many stock analysts are concerned about the possibility of a recession. And let’s be clear, even if neither of these worst-case scenarios comes to pass, it will take a long time before the economy is firing on all cylinders. 

The Consumer is Under Pressure 

So far, consumer spending is remaining surprisingly resilient. But that’s a lagging indicator. By that, we mean that the data comes out after the money has already been spent. Consumer sentiment on the other hand is falling. And that’s a leading indicator. That sentiment leads us to believe that consumers are looking to stretch their dollars further. 

And in those scenarios, they turn to dollar stores. That thesis is fueling excitement for Dollar General and Dollar Tree stocks. In this article, we’ll look at each stock and let you know if either, or both, are worth buying after this rally. 

Dollar Tree is Upping Its Guidance 

Dollar Tree’s revenue came in 2% above analysts’ expectations. But what excited investors is the company beating earnings expectations by 18%. Furthermore, the company raised its earnings outlook for the year citing its pricing power. The company has managed to increase prices by about 25% so far this year. That’s significant because the company’s Dollar Tree stores now have prices of $1.25 as opposed to $1.  

However, Dollar Tree is also the parent company of Family Dollar. And the company continues to open its combination stores which bring the everyday low prices of Dollar Tree into a Family Dollar footprint. Plus, the company is expanding the store-in-store concept with the Dollar Tree Plus stores inside Dollar Tree stores. This is where the company has merchandise that it sells for anywhere from $3 to $5.  

Dollar General Continues to Show Why Location Matters 

The bullish narrative for Dollar General is that it is continuing to aggressively expand its store count. But the company is being strategic about it. The company focuses on serving rural areas or small towns where they are away from mass merchandisers like Walmart or Target. I’ve remarked in the past that in my small town, I have three DG locations within about five miles of where I live. 

With customers being concerned about not just the budget for food and household items but also with their gas budgets, this should be a winning strategy as consumers will be able to get a good value while being able to make a tank of gas last longer.  

And the Winner Is…? 

At one time or another, I’ve given each stock a nod over the other. And as long-term investments, both stocks deserve a place in your portfolio. However, in this exact moment, I’m more inclined to buy Dollar General stock.  

My reasoning is simple. It offers a dividend that Dollar Tree does not. Don’t get me wrong, there are much better dividend stocks than Dollar General. However, the dividend does offer some protection in case the market is doing a head fake. I’ve been doing some nibbling in the market, but one rule I have right now is that any new position I take has to be a stock that offers a dividend. I’m not choosing Dollar General at this time, but it’s on my watch list and perhaps it should be on yours.  

Is RBC Bearings Rolling Into A Reversal?

RBC Bearings Recovery Gains Momentum 

RBC Bearings (NASDAQ: ROLL) is not a large company but its FQ4 results are among the most important at this stage in the earnings cycle. The company makes ball bearings and ball bearing components which isn’t very exciting until you think about all the applications for bearings. Bearings are in virtually every mechanical object made by man and are an important leading indicator in the economic cycle. And RBC Bearings‘ recovery appears to be gaining momentum despite the rise of inflation, the fear of recession, and dying out of pandemic tailwinds. 


MarketBeat.com – MarketBeat

RBC Bearings Beats And Guides Higher 

RBC Bearings had a blow-out quarter pulling in revenue of $385.9 million. This is up 123.9% on the combination of organic strength and the acquisition of Dodge Industrial. On an organic basis, the revenue is up 10.4% and beat the Marketbeat.com consensus estimate by over 250 basis points. On a segment basis, Industrial sales led with a growth of 297% compared to the smaller 8.9% growth put in by the Aerospace and Defense segment. 

Moving on to the margin, the margins contracted slightly on a YOY basis but not enough to offset the revenue strength or as bad as feared. The gross margin contracted by less than 100 basis points, the operating margin by about 240, to leave earnings well above the estimates. The $1.26 in adjusted EPS is not only up 16% versus last year but beat the consensus by a dime but that measure includes non-cash impairments that do not have a meaningful impact on the operations. Excluding those items, adjusted cash earnings came in at $2.15 or up almost double from last year and this strength is expected to continue into the coming quarter. 

The company did not give guidance for the full year but did give guidance for Q1 and it looks like momentum is building. The company’s backlog is up sequentially and almost 53% versus last year with new orders rolling in. This led management to increase the guidance for revenue to $355 million at the low end of the range compared to the $351 million Marketbeat.com consensus estimate. 

The Sell-Side Is Buying RBC Bearings

The analyst’s activity in RBC Bearings has been light this year but it and the institutional activity are bullish tailwinds for share prices. The analysts rate the stock a Buy with a price target more than 37% above the current price action. There have been no commentaries since the Q4 results were released but we think they will be favorable when they come. As for the institutions, they’ve been net buyers for the last 12 months and picked up an amount worth 14.15% of the market cap with shares trading at $170. The institutions now own more than 93% of the stock. 

The Technical Outlook: RBC Bearings Pops On Guidance 

Price action in RBC Bearings popped in the wake of the Q4 release and may move higher. The caveat is that price action has been halted at the short-term moving average where it has been halted in the past. If the market can not get above the EMA the stock may fall back to the recent low or lower. Assuming the institutions remain in favor of the stock, we see them putting a bottom in the stock at the $160 level if not propelling it higher from here. The risk, to us, is the valuation and dividend. The stock is trading at a high 39X its earnings and not paying a dividend which makes it a risky buy indeed in these uncertain times. 
Is RBC Bearings Rolling Into A Reversal?

Airbnb: Bold Competitive Threats & A New World of Travel

Airbnb, Inc (NASDAQ: ABNB) has been punished for being both a tech stock as well as for being in the tourism industry. Its price was sold off heavily following the announcement of the pandemic and was sold off yet again in December last year when the valuations of many tech stocks cratered. The stock is currently down 33.95% YTD and trades 43% below the MarketBeat consensus price target. When examining the company’s earnings and skill in responding to the pandemic, it could be argued that these sell-offs were the result of prejudice. The company now benefits from all-time high revenues and a growing account of free cash flows quarter to quarter. What made these wins possible for the company is its business model which many of its competitors have been quick to imitate.


MarketBeat.com – MarketBeat

Airbnb’s Competitive Moat

The growth of Airbnb is supported by a strong economic and competitive moat which has allowed it to easily market share away from traditional hotel chains and even grow during the height of the pandemic. Airbnb benefits from the network effect; as the number of listings for rooms and accommodations on the site increases, so does its availability and geographic reach to host additional guests. And as more guests sign up to use the platform, this attracts more hosts to sign up in order to cater to this swelling demand. These effects synergize naturally with each other, which is where the rapid success of the brand comes from.

Due to its flexible business model and unparalleled geographic reach, Airbnb was able to pivot its business model and see opportunity in the shifting trends of consumer travel during the pandemic. Consumers were uninterested in renting accommodations in cities and other densely populated areas due to the threat of infection. Instead, the demand for accommodation in remote areas surged. Airbnb rapidly promoted these new locations to travelers who were sick of lockdowns and worrying about social distancing, while its competitors with static accommodations saw their revenues plummet. Underlining the success of Airbnb’s pivot, the company finished Q4 FY 2021 on $1.5 billion in revenues and made $76 million in operating profit. 

Airbnb’s Impressive Financial Growth

Airbnb serves an enormous total addressable market. The travel industry is estimated by the company to be worth $3.4 trillion, and the company is serving a small fraction of that by comparison. The travel industry is also set to rebound above pre-pandemic levels next year, as it’s expected to grow 5%.

The company is also set to take advantage of the rebound in travel and continue its strong financial performance. Revenue for the company increased 70% YoY ending at $1.5 billion for FY 2021. The number of bookings on the platform also increased by a significant amount, increasing by 59% YoY to $102 million. Airbnb is unusually profitable for a tech company. It recorded $1.2 billion in free cash flow for Q1 FY 2022, with an unlevered free cash flow yield of 2.8%.

The Change of Travel and Airbnb’s Competitive Threats

While the trends of travel are changing, so too is the competitive environment that Airbnb operates in, which has opened the door for its competitors to put their foot in. Hotels and other inflexible accommodations served the needs of travellers pre-pandemic, with working remotely for long periods of time an uncommon practice in many industries. Now working and travelling remotely has become a normalized practice, and employees today have the equity to demand it from employers as a perk due to labor shortages. This means that Airbnb’s threats have shifted from what could be considered legacy accommodation models or hotel and motel chains, to new entrants in the market that are attempting to commoditize Airbnb’s business model. The company also faces the threat of these legacy accommodations changing their business models to adapt to the change in consumer preferences.

A number of new companies have been spun off from giants in the travel industry after witnessing Airbnb’s success. These names include Expedia (NASDAQ: EXPE), which owns Vrbo, and Booking Holdings (NASDAQ: BKNG), which is now placing more emphasis on host-based accommodation. Airbnb also faces increased competition online from platforms that traditionally recommended hotels and motels to travelers buying airline tickets. Now, these companies have pivoted more towards offering independent hosts to directly compete with the company. These companies include Kayak and Trivago.

Airbnb’s Technicals

Over the short term, the technicals for Airbnb are not cut and dry. The MACD generated a buy signal with a cross-over to indicate that momentum is shifting to the upside. However, the strength of this upside movement was not met with the additional volume on the green candles, which suggests a weak movement. There is far more volume and therefore motivated sellers on the red candles so this signal should be treated with suspicion. Additionally, the trend is clearly pointing towards the bottom. This signal could therefore be an oversold bounce rather than a convincing correction in the stock’s price.

 

Why This Could Be the Long Awaited Bear Rally

Over the last couple of weeks, we’ve increased our allocation of stocks. Last week and earlier this week, I was uncertain whether this was the correct move. But, the last 2 days of market action are validating those moves as the S&P 500 (SPY) finally seems to be commencing its long, awaited bear market rally. The last genuine thrust higher was in March when the stock market rallied more than 10% in less than 3 weeks. In today’s commentary, I want to talk about why we could see a similar explosive rally, then I want to share my thoughts on the recession debate which is currently roiling the markets. Read on below to find out more….


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(Please enjoy this updated version of my weekly commentary published May 26th, 2022 from the POWR Stocks Under $10 newsletter).

First, let’s review the past week…

Over the past week, the S&P 500 is up by 4%. Even more impressive is that we are up 6.5% from Friday’s lows.

It’s looking more and more like Friday’s low is our ‘tradeable bottom’ and that 3,810 level is an important one to keep in mind.

There was little that was unusual about the Russell 2000 or the Nasdaq worth pointing out except that the small-caps made a higher low, while the large-cap dominant S&P and Naz did make lower lows.

An Explosive Rally?

Last week, I discussed some of the improvements ‘under the surface’ which was contributing to my bullish stance. And, these were also why I was willing to hold on through the volatility.

Some of the major reasons discussed include strength in bonds, stability in growth stocks, outperformance in risky assets, and a low-risk, high-reward trade setup.

Of course, these factors remain intact and are why I continue to see more upside ahead. Over the last couple of months, we’ve had several 3 to 4-day bounces that inevitably roll over.

The only real ‘bear market rally’ that we’ve had was in March when we saw a more than 10% gain. I don’t believe it’s absurd to expect a similar outcome given how oversold the market is and the extremes we’ve reached in terms of sentiment and positioning.

Here are 2 charts from Bank of America (and @Macroops) showing this:

This is from a survey of global fund managers which is showing that expectations for economic growth are at rock-bottom levels, similar to previous inflection/turning points.

It’s also interesting that fund managers are more pessimistic than in March 2020. And, here’s a chart showing how these fund managers are feeling about tech:

This is a potentially great setup for the market. Market sentiment going from bearish to neutral could trigger a big rally in stocks.

As of now, my inclination would also be to lighten up and reduce exposure as we move higher.

Let’s Talk About the R-Word

This is an excerpt from my POWR Growth commentary but wanted to include it, because it covers my stance on the recession debate. After the excerpt, I will talk about how it specifically applies to stocks under $10.

If we zoom back and take a bigger-picture perspective, it becomes easier to understand the market action. In January, we had an inflation scare which led to a 10%+ drop in the major averages despite strong earnings.

This is because higher inflation leads to multiple compression as the Fed is forced to wring liquidity out of the system.

The market bottomed in late January and was quite choppy for a couple of months with several failed breakout and breakdown attempts. In mid-April, the inflation scare receded and we got a growth scare which is leading to weakness in cyclical stocks and expectations of a decline in earnings.

Many are speculating that a recession is imminent. In fact, I would argue that many stocks in the market are priced as if a recession is a certainty rather than a possibility.

My Take

This is a controversial take. First of all, recessions are fantastic buying opportunities for stocks. So, when people start openly talking about recessions, you should start getting excited.

I’m going to make another claim.

When there is no systemic risk, it’s better to buy early as there is a greater chance of a V-shaped bounce. If there is systemic risk, then it’s better to be patient as there is a greater chance of a market crash or more liquidations.

Currently, we don’t have systemic risk. Not like what we had in 2008 with banks leveraged at 30:1. Yes, there are pockets of froth and overvaluation, but these markets could be liquidated and would hurt holders of these assets, but there would be limited damage to the broader economy.

To be specific, here’s what I think is happening. Two parts of the economy are in a recession – tech and discretionary spending. Depending on your bias, some, most, or all of it is due to incredible growth in 2020 and 2021 due to one-offs like the pandemic and stimulus payments.

On a 2-year basis, both segments have strong double-digit growth. But, it’s slowing sharply and going negative in many instances. These are both massive parts of the economy, so a contraction would be meaningful enough to put the economy in a recession or a near recession.

However, I believe other parts of the economy will remain in growth mode like the industrial sector, housing, energy, steel, materials, autos, etc.

In fact, we had a very similar circumstance during 2015-2016 when we had a recession scare. Except during this time, steel/energy/materials were in a major bear market. Oil was around $30, and copper was at $2.

 Supply was strong due to large investments in production that were made from 2007 to 2011, and aggregate global demand had never meaningfully recovered after the Great Recession.

Real GDP growth dipped from 3% to below 1.4% but never went negative. The major reason is that other parts of the economy saw a slowdown but didn’t go negative. Examples are housing, tech, and consumer spending. Another source of support was that interest rates were falling.

So, this is similar except larger components of the economy are vulnerable, and there won’t be as much support from interest rates. Therefore, I anticipate more volatility and think a *technical* recession is likely.

However, just like the last recession scare which kind of crested between February 2016 and June 2016, this will turn out to be a fantastic buying opportunity.

In next week’s article, I want to include some historical analogs that are similar to the current economic and market environment to give greater context.

(end of POWR Growth commentary)

For our purposes, I believe certain parts of the market continue to have significant upside while those parts that are more ‘recessionary’ like tech and consumer spending are better suited for short-term traders rather than investments to work.

 What To Do Next?

If you’d like to see more top stocks under $10, then you should check out our free special report:

3 Stocks to DOUBLE This Year

What gives these stocks the right stuff to become big winners?

First, because they are all low priced companies with explosive growth potential.

But even more important, is that they are all top Buy rated stocks according to our coveted POWR Ratings system and they excel in key areas of growth, sentiment and momentum.

Click below now to see these 3 exciting stocks which could double (or more!) in the year ahead.

3 Stocks to DOUBLE This Year

All the Best!

Jaimini Desai
Chief Growth Strategist, StockNews
Editor, POWR Stocks Under $10 Newsletter


SPY shares . Year-to-date, SPY has declined -14.40%, versus a % rise in the benchmark S&P 500 index during the same period.


About the Author: Jaimini Desai

Jaimini Desai has been a financial writer and reporter for nearly a decade. His goal is to help readers identify risks and opportunities in the markets. He is the Chief Growth Strategist for StockNews.com and the editor of the POWR Growth and POWR Stocks Under $10 newsletters. Learn more about Jaimini’s background, along with links to his most recent articles.

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Down 35% in 2022, is T. Rowe Price Group Now a Buy?

Investment management company T. Rowe Price Group (TROW) has been under pressure, with declining assets under management (AUM) amid rising inflation and the war in Ukraine. Its stock has slumped 35% in price this year. Also, considering the Fed’s tightening monetary policies, is TROW a buy now? Keep reading to learn what we think.


shutterstock.com – StockNews

Publicly owned investment manager T. Rowe Price Group, Inc. (TROW) in Baltimore, Md., launches and manages equity and fixed income mutual funds. The firm provides services to individuals, institutional investors, retirement plans, and financial intermediaries. Recently, the company announced plans to add strategies to its nascent bond ETF suite, including one that aims to defend portfolios from rising interest rates. It intends to launch its floating rate ETF and U.S. high yield bond ETF on or around August 1.

However, TROW has been under pressure, with CEO Rob Sharps describing the first quarter as „challenging“. The company saw clients pull $18.10 billion in assets from its equity funds during the quarter amid declining investor confidence due to fears related to sky-high inflation and the Russia-Ukraine war. This took a significant toll on the company’s revenues and profits, which missed Wall Street estimates. Furthermore, the company does not expect the situation to ease anytime soon. “There are a lot of challenges that we’ll have to navigate going forward,” Sharps said. “They are complex, and they’re not the sort of things that resolve themselves quickly.” The company has cut its guidance for the full year.

TROW shares have slumped 35% in price year-to-date to close the last trading session at $127.73. It has plummeted 31.9% over the past year.

Here is what could shape TROW’s performance in the near term:

Declining Financials

For its fiscal first quarter, ended March 31, 2022, TROW’s net revenues increased 2% year-over-year to $1.86 billion. Its adjusted net operating income declined 8.8% from its year-ago value to $838 million. The company’s adjusted net income came in at $616.90 million, down 13.4% from the prior-year quarter. And its EPS declined 13% year-over-year to $2.62. In addition, TROW reported preliminary assets under management (“AUM”) of $1.42 trillion as of April 30, 2022, reflecting an 8.5% decrease from $1.55 trillion in  the prior month. The company’s AUM as of Dec.31, 2021, stood at $1.69 trillion.

Impressive Profitability

TROW’s  EBITDA  and net income margins of 51.19% and 37.64%, respectively, are 114.3% and 28.1% higher than the 23.88% and 29.38% industry averages. Also, its 34.72% levered FCF margin is 83.1% higher than the 18.97% industry average.

TROW’s 33.15%, 23.50%, and 23.47% respective ROE, ROA, and ROTC compare with the 12.70%, 1.26%, and 6.18% industry averages.

Bleak Analysts Expectations

Analysts expect the company’s revenues to come in at $1.78 billion in its fiscal second quarter, ending June 30, 2022, indicating a 7.7% decline year-over-year. Also, its revenue is expected to decrease 8.5% in the next quarter, ending Sept. 30, 2022, and 5.1% in the current year. The $10.41 consensus EPS estimate for the fiscal year indicates an 18.3% year-over-year decline. Moreover, the Street expects TROW’s EPS to decrease 22.8% in the current  quarter and 20.6% in the following quarter.

Mixed Valuation

In terms of forward P/E, TROW is currently trading at 11.57x, which is 10.3% higher than the 10.49x industry average. Also, its 3.67 forward EV/Sales ratio is 31.5% higher than the 2.79 industry average.

However, TROW’s forward EV/EBITDA is 22.9% lower than the 10.29x industry average, and its forward Price/Cash Flow is 7.2% lower than the 10.31x industry average.

POWR Ratings Reflect Uncertain Prospects

TROW has an overall C rating, which translates to Neutral in our proprietary POWR Ratings system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.

The stock has a grade of C for Value, which is consistent with its mixed valuation.

TROW has an F grade for Sentiment. Bearish analyst sentiment about the stock justifies this grade.

Among the 61 stocks in the C-rated Asset Management industry, TROW is ranked #27.

Beyond what I have stated above, one can also view TROW’s grades for Quality, Growth, Momentum, and Stability here.

View the top-rated stocks in the Asset Management industry here.

Bottom Line

This year has been quite challenging for asset managers as they face the Fed’s interest rate hikes and its tightening monetary policies. Over the first quarter, TROW’s performance has been unsatisfactory, while analysts are bearish on its near-term prospects. Despite the company’s strong profitability and sound footing in the industry, I think it could be wise to wait for its prospects to stabilize before investing in the stock.

How Does T. Rowe Price Group, Inc. (TROW) Stack Up Against its Peers?

While TROW has an overall POWR Rating of C, one might want to consider taking a look at its industry peers, Silvercrest Asset Management Group Inc. (SAMG) and Gamco Investors, Inc. (GBL), which have an A (Strong Buy) rating.


TROW shares were unchanged in premarket trading Friday. Year-to-date, TROW has declined -34.47%, versus a -14.40% rise in the benchmark S&P 500 index during the same period.


About the Author: Subhasree Kar

Subhasree’s keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master’s degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.

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Year in Review: Reflection & Goal Setting for Patient Leaders

The countdown to 2022 is on, but before we head into the new year, let’s pause to reflect on our advocacy this past year. After all, the only way to improve is to take all your victories and battles as valuable learning lessons.

In this patient leader workshop, we’ll hear from top patient leaders and WEGO Health Awards winners about the importance of goal setting, celebrating victories, and honoring your needs as we head into another year of patient advocacy.


Key Takeaways:

💌 Be honest and be real: The last two years have been anything but easy, be compassionate with yourself as you reflect back on the year and look ahead to 2022. If your advocacy has taken a back seat as you navigate these world challenges, know you aren’t alone. Many patient leaders have made the decision to fill their own cup, and focus on their needs this year – and that’s 100% okay.

Set yourself up for success: The biggest rookie mistake is committing to too many goals for your advocacy. With so much going on in the world, it’s more important than ever to simplify your goals – there is a fine line between growth and making goals attainable. Narrowing your goals can help hone in on your focus, and prevent you from feeling overwhelmed, and stressed over where to start.

🔎 Reflect & look ahead: It’s always important to reflect on the previous year before looking ahead to the upcoming year. Reflection helps us identify what energizes us, and what drains energy from us. This information can be very telling when strategizing and outlining key achievements or milestones.

🔥 Stay inspired: Connecting with other patient leaders is one of the best ways to stay energized and inspired! There is so much to gain by networking with patient leaders across all health communities. Following today’s panelists is the perfect way to get started! Take a moment to connect with Trishna, Damian, Elle, Cathy, Daniel, Jenn, Marissa & Dr. Christi.

Need some guidance for reflection & goal setting? Download our free 2022 Patient Leader Planning resource to get yourself ready for next year.

Who Is Jack Ma? Why the Billionaire Says Alibaba Isn’t the Chinese Amazon

Though they are both global eCommerce that were founded in the 1990s and have names that begin with the letter A, Chinese billionaire Jack Ma Yun wants you to know that’s all Alibaba and Amazon have in common.


Drew Angerer | Getty Images

Drew Angerer | Getty Images Jack Ma, Chairman of Alibaba Group.

In a conversation at the , the Alibaba founder and former executive chairman explained where he and Amazon CEO and founder differ in their approaches to running their companies.

He told interviewer Andrew Ross Sorkin that there is no one right model for digital commerce – if that was the case, the world would be a boring place. But Mr. Ma said that no matter what model you follow, you should believe in the work you are doing.

Related: By the Numbers: Amazon vs. Alibaba (Infographic)

When asked about Amazon’s apparent goal to own its entire supply chain, from servers to warehouses to delivery vehicles, Ma said that wasn’t the path he saw for Alibaba. He said he viewed Amazon as an empire, and Alibaba as an ecosystem.

„We want to empower others to sell, to service, to make sure that other people are more powerful than us,“ he said. „Making sure that with our and innovation, our partners and 10 billion small-business sellers, they can compete with and . … We think, using our technology, we can make every company become Amazon.“ Keep scrolling to learn more about Jack Ma.

Who Is Alibaba founder Jack Ma?

In Jack Ma’s youth, he studied the English language, and after failing the entrance exam to the Hangzhou Teachers College, now called Hangzhou Normal University, twice, he was eventually admitted and graduated from the school, per Britannica. After struggling to find work, he found himself working on behalf of the Chinese government in the United States. With the rise of the internet, Ma saw a void in the market for resources about China and created the China Pages. After building websites for several Chinese companies, he eventually went off on his own to create his e-commerce website Alibaba.

His Alibaba stock broke records in 2014 with his IPO selling for $25 billion, which is still the largest global IPO ever to date. In 2016, author Duncan Clark released his book Alibaba: The House That Jack Ma Built, unpacking his career and his brand’s global impact. 

What Is Jack Ma’s Net Worth?

Alibaba’s Jack Ma not only made waves in the media for his advancements in digital commerce, but for the riches his hard work brought him. In 2014 his net worth was estimated to be a whopping 21.8 billion, according to Bloomberg Billionaires Index, making him the richest man in China at the time.

Despite stepping down as executive chairman in September 2019, per Forbes, and handing the reins to CEO Daniel Zhang, his fortune only continued to grow. In 2021 he had an estimated net worth of $48.4 billion, ranking in 26th place in the „2021 Forbes Global Rich List,“ however, his net worth has continued to fluctuate, and as of May 2022, his fortune is estimated to be $23.6 billion.

Despite the slight drop in his value, he’s still one of the top five richest people in China, behind Ma Huateng, founder of tech giant Tencent. Asides from his work in tech, he also founded the Jack Ma Foundation in 2014, and he has a stake in the Chinese media company Huayi Brothers.

In addition to his work on Holding, he also founded Ant Financial, now known as Ant Group or AliPay, a division of Alibaba Group that owns the largest digital payment platform in China. In October 2020, the company was set to raise the world’s largest IPO, but according to the Wall Street Journal, the Chinese Communist Party leader President Xi Jinping put a halt to the transaction after Ma’s criticism of Chinese regulators at the annual People’s Bank of China financial markets forum. According to the outlet, the company was set to be transformed into a financial holdings company, overseen by the Chinese government.

Where Is Jack Ma?

After Chinese authorities stepped in to regulate Ant Financial, the Financial Times reported that Ma hadn’t been seen in the public view since. Following fears of forced disappearance, he made his first public appearance since the dispute in January 2021 during a video call for a charity event. He has reportedly been seen a handful of times thereafter.

He most recently made headlines after selling his shares of the digital payment system Paytm E-commerce, the parent company of Paytm Mall, a retail platform.

2 online marketing courses & 1 ebook for Consultants & their Staff

2 online marketing courses & 1 ebook for Consultants & their Staff

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