ChoongHwee的个人主页 - 老虎社区

ChoongHwee

暂无个人介绍

IP属地：未知

5关注

6粉丝

0主题

0勋章

2021-08-07

Good

20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>

2021-07-23

Like

抱歉，原内容已删除

2021-07-11

Good

抱歉，原内容已删除

2021-08-02

Nice

Amazon's 'Disappointing' Quarterly Results Are A Gift<blockquote>亚马逊“令人失望”的季度业绩是一份礼物</blockquote>

2021-07-25

$TOP GLOVE CORPORATION BHD(BVA.SI)$[强]

2021-08-18

Nice

Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>

2021-08-12

Good

抱歉，原内容已删除

2021-11-18

Pump and dump

昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨

2021-08-11

Good

Apple Inc. And Buffett: Why He Bought And Why He Holds<blockquote>苹果和巴菲特：巴菲特为何买入和持有</blockquote>

2021-07-23

Good

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3561932898161790","uuid":"3561932898161790","gmtCreate":1598874883409,"gmtModify":1598874883409,"name":"ChoongHwee","pinyin":"choonghwee","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":6,"headSize":5,"tweetSize":71,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.33%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":696519561,"gmtCreate":1640733735753,"gmtModify":1640733735885,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696519561","repostId":"2195343128","repostType":2,"isVote":1,"tweetType":1,"viewCount":3277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698326722,"gmtCreate":1640308346395,"gmtModify":1640308346758,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698326722","repostId":"2193614027","repostType":2,"repost":{"id":"2193614027","kind":"news","pubTimestamp":1640300623,"share":"https://www.laohu8.com/m/news/2193614027?lang=zh_CN&edition=full","pubTime":"2021-12-24 07:03","market":"us","language":"zh","title":"外媒头条：萨默斯警告美国或很快陷入衰退","url":"https://stock-news.laohu8.com/highlight/detail?id=2193614027","media":"新浪美股","summary":"美国经通胀因素调整的消费者支出11月增长停滞，因为近四十年来最快的物价涨幅侵蚀了消费者购买力。未经通胀因素调整的名义支出增长0.6%，与经济学家调查得出的预期中值相符。美国食品药品管理局表示，在给药之前应告知孕妇对胎儿的潜在风险。　　美国前财政部长劳伦斯·萨默斯警告称，未来几年美国经济将进入一个考验期，衰退后可能陷入长期停滞。","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、美国经通胀调整消费支出增长停滞 PCE同比升幅接近40年最高</b>\n</blockquote>\n<blockquote>\n <b>2、<a href=\"https://laohu8.com/S/MRK\">默沙东</a>公司的新冠口服药获得美国批准用于高风险人群</b>\n</blockquote>\n<blockquote>\n <b>3、英国称omicron感染者住院风险比德尔塔低70% 传染性强于迄今任何毒株</b>\n</blockquote>\n<blockquote>\n <b>4、美国上周首次申领失业救济人数几无变动 仍处于低位</b>\n</blockquote>\n<blockquote>\n <b>5、萨默斯警告美国或很快陷入衰退 此后将出现长期停滞</b>\n</blockquote>\n<blockquote>\n <b>6、通胀交易员认为2022年初美国通胀率有突破7%的风险</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/dc9537031f9733064edb283fb8f9c6a0\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p><b>美国经通胀调整消费支出增长停滞 PCE同比升幅接近40年最高</b></p>\n<p>美国经通胀因素调整的消费者支出11月增长停滞，因为近四十年来最快的物价涨幅侵蚀了消费者购买力。</p>\n<p>美国商务部周四公布的数据显示，调整通胀因素后，11月份商品和服务购买额增幅与10月的0.7%基本持平。未经通胀因素调整的名义支出增长0.6%，与经济学家调查得出的预期中值相符。</p>\n<p>受供应链遇阻的消息影响，许多美国人今年开始假期购物的时间早于往年，一定程度上解释了前一个月消费支出增长强劲的原因。</p>\n<p>但消费者也面临着数十年来最猛烈的通胀。消费者在超市和加油站的购买力变弱，可用于购买非必需消费品的钱减少了。而且omicron变异株也可能遏制服务支出的反弹。</p>\n<p>美联储青睐的通胀指标个人消费支出价格指数（PCE）较前月增长0.6%，同比增长5.7%，创下1982年以来最高水平。</p>\n<p><img src=\"https://static.tigerbbs.com/5a86ad7d405d41f26eaf4efacca793d2\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p>\n<p><b>默沙东公司的新冠口服药获得美国批准用于高风险人群</b></p>\n<p>默沙东的Covid-19口服药获得美国监管机构批准，在omicron变异株导致病例激增之际，为高风险患者提供了另一种居家治疗选择。</p>\n<p>在默沙东的molnupiravir获得紧急使用授权之前，美国周三已经批准了辉瑞公司的新冠口服药Paxlovid。它们带来新的希望，以免感染病例激增压垮美国的医院系统。</p>\n<p>默沙东与Ridgeback Biotherapeutics LP共同开发的molnupiravir用于治疗18岁及以上年龄有重症风险的非住院Covid患者。一项研究表明，它使轻中度成年人的住院或死亡风险降低了30%。</p>\n<p>Molnupiravir的工作原理是在遗传物质中引入错误，最终阻止病毒复制，但可能会影响正在生长的人类细胞。美国食品药品管理局表示，在给药之前应告知孕妇对胎儿的潜在风险。</p>\n<p><img src=\"https://static.tigerbbs.com/47825ae9cb248adf0684313ca0fcd911\" tg-width=\"550\" tg-height=\"391\" referrerpolicy=\"no-referrer\"></p>\n<p><b>英国称omicron感染者住院风险比德尔塔低70% 传染性强于迄今任何毒株</b></p>\n<p>英国政府表示，新冠病毒变异毒株omicron似乎比迄今为止的其他毒株严重性更低，但传染力更强。英国单日新增病例再创纪录，逼近12万例。</p>\n<p>英国卫生安全局（HSA）周四表示，omicron的感染者住院的可能性比德尔塔感染者低50-70%，急诊可能性也低31-45%。</p>\n<p>然而，HSA的数据显示，加强针虽然能够增强保护，但对omicron保护力消退的速度比对德尔塔更快，第三剂接种的10周后降低了15-25%。</p>\n<p>该机构还警告说，由于omicron变异株传染性高，仍然有可能出现大量重症患者，从而令医疗体系不堪重负。</p>\n<p>英国单日新增新冠病例连续第二天创纪录 与月初时相比增加一倍以上。</p>\n<p><img src=\"https://static.tigerbbs.com/50a628b9ea053ca28dd813c14d90b043\" tg-width=\"512\" tg-height=\"342\" referrerpolicy=\"no-referrer\"></p>\n<p><b>美国上周首次申领失业救济人数几无变动 仍处于低位</b></p>\n<p>美国上周首次申请失业救济人数几无变动，表明随着劳动力市场继续复苏，裁员人数处于历史低位。</p>\n<p>美国劳工部周四公布的数据显示，截至12月18日当周首次申领失业救济人数报20.5万人，与前值持平。经济学家预期中值为20.5万人。</p>\n<p>截至12月11日当周持续申领失业金人数降至186万。</p>\n<p>该报告凸显了近几个月岗位流失数量较低的情况，雇主侧重于吸引和留住工人，以跟上消费者需求的步伐。申请量总体上与疫情前的水平一致，反映了美国劳动力市场吃紧。</p>\n<p>随着劳动力市场的改善，申领失业金人数持续走低，最近几周由于在假日季调整原始数据引发一些波动，情况尤其是如此。申请人数在截至12月4日当周触及了52年低点18.8万人。</p>\n<p><img src=\"https://static.tigerbbs.com/358ab600ca8986e711edbb28f92d581b\" tg-width=\"550\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p>\n<p><b>萨默斯警告美国或很快陷入衰退 此后将出现长期停滞</b></p>\n<p>美国前财政部长劳伦斯·萨默斯警告称，未来几年美国经济将进入一个考验期，衰退后可能陷入长期停滞。</p>\n<p>萨默斯表示，美联储迟迟未发现通胀风险，在应对通胀问题上反应过慢可能导致经济大幅滑坡。</p>\n<p>“如果我们可以在过热的情况下可持续地管理经济，那的确棒极了，但1970年代我们得到了教训，即经济过热不仅带来高通胀，而且通胀还会不断上升，”萨默斯说。 “这就是为什么我担心我们已经到了在不触发衰退情况下难以降低通胀的地步”。</p>\n<p>美国的通胀率已经达到里根以来的最高水平，许多人开始更接近萨默斯的观点。美联储本月转向转向鹰派，计划比9月份时预期的水平更快收紧货币政策。</p>\n<p><b>通胀交易员认为2022年初美国通胀率有突破7%的风险</b></p>\n<p>一位准确预测了今年债市通胀预期上升的交易员称，美国通胀率势将因经济增长而进一步上升，并可能在2022年一季度超出大多数分析师的预期。</p>\n<p>Bank of Ireland Group Plc在柏林的通胀交易台负责人Semin Soher Power预测，明年一季度美国消费者价格指数（CPI）同比涨幅将超过7%，高于11月的6.8%，也高于分析师对一季度6.3%的预估中值。</p>\n<p>她于周四接受采访时表示，通胀压力“现在更多是由经济增长带来的”，而不单纯是能源价格上涨或经济重启的结果。她表示，市场和央行都在意识到这一点，迹象之一是美联储不再用“暂时性”来描述通胀压力。</p>\n<p>对于美联储转鹰，市场提高了加息次数预测，不过对较长期内加息幅度的预期还是低于美联储点阵图显示的预测中值。交易员们似乎相信央行政策将有助于控制通胀，反映市场通胀预期的盈亏平衡通胀率在近几周回落。</p>","source":"sina","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>外媒头条：萨默斯警告美国或很快陷入衰退</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\">\n外媒头条：萨默斯警告美国或很快陷入衰退\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-24 07:03 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-12-24/doc-ikyamrmz0841670.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美国经通胀调整消费支出增长停滞 PCE同比升幅接近40年最高\n\n\n2、默沙东公司的新冠口服药获得美国批准用于高风险人群\n\n\n3、英国称omicron感染者住院风险比德尔塔低70% 传染性强于迄今任何毒株\n\n\n4、美国上周首次申领失业救济人数几无变动 仍处于低位\n\n\n5、萨默斯警告美国或很快陷入衰退 此后将出现长期停滞\n\n\n6、通胀交易员认为...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-12-24/doc-ikyamrmz0841670.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37d43f47ff4637f33c2675f14c1cc937","relate_stocks":{"PSQ":"做空纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-12-24/doc-ikyamrmz0841670.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2193614027","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美国经通胀调整消费支出增长停滞 PCE同比升幅接近40年最高\n\n\n2、默沙东公司的新冠口服药获得美国批准用于高风险人群\n\n\n3、英国称omicron感染者住院风险比德尔塔低70% 传染性强于迄今任何毒株\n\n\n4、美国上周首次申领失业救济人数几无变动 仍处于低位\n\n\n5、萨默斯警告美国或很快陷入衰退 此后将出现长期停滞\n\n\n6、通胀交易员认为2022年初美国通胀率有突破7%的风险\n\n\n美国经通胀调整消费支出增长停滞 PCE同比升幅接近40年最高\n美国经通胀因素调整的消费者支出11月增长停滞，因为近四十年来最快的物价涨幅侵蚀了消费者购买力。\n美国商务部周四公布的数据显示，调整通胀因素后，11月份商品和服务购买额增幅与10月的0.7%基本持平。未经通胀因素调整的名义支出增长0.6%，与经济学家调查得出的预期中值相符。\n受供应链遇阻的消息影响，许多美国人今年开始假期购物的时间早于往年，一定程度上解释了前一个月消费支出增长强劲的原因。\n但消费者也面临着数十年来最猛烈的通胀。消费者在超市和加油站的购买力变弱，可用于购买非必需消费品的钱减少了。而且omicron变异株也可能遏制服务支出的反弹。\n美联储青睐的通胀指标个人消费支出价格指数（PCE）较前月增长0.6%，同比增长5.7%，创下1982年以来最高水平。\n\n默沙东公司的新冠口服药获得美国批准用于高风险人群\n默沙东的Covid-19口服药获得美国监管机构批准，在omicron变异株导致病例激增之际，为高风险患者提供了另一种居家治疗选择。\n在默沙东的molnupiravir获得紧急使用授权之前，美国周三已经批准了辉瑞公司的新冠口服药Paxlovid。它们带来新的希望，以免感染病例激增压垮美国的医院系统。\n默沙东与Ridgeback Biotherapeutics LP共同开发的molnupiravir用于治疗18岁及以上年龄有重症风险的非住院Covid患者。一项研究表明，它使轻中度成年人的住院或死亡风险降低了30%。\nMolnupiravir的工作原理是在遗传物质中引入错误，最终阻止病毒复制，但可能会影响正在生长的人类细胞。美国食品药品管理局表示，在给药之前应告知孕妇对胎儿的潜在风险。\n\n英国称omicron感染者住院风险比德尔塔低70% 传染性强于迄今任何毒株\n英国政府表示，新冠病毒变异毒株omicron似乎比迄今为止的其他毒株严重性更低，但传染力更强。英国单日新增病例再创纪录，逼近12万例。\n英国卫生安全局（HSA）周四表示，omicron的感染者住院的可能性比德尔塔感染者低50-70%，急诊可能性也低31-45%。\n然而，HSA的数据显示，加强针虽然能够增强保护，但对omicron保护力消退的速度比对德尔塔更快，第三剂接种的10周后降低了15-25%。\n该机构还警告说，由于omicron变异株传染性高，仍然有可能出现大量重症患者，从而令医疗体系不堪重负。\n英国单日新增新冠病例连续第二天创纪录 与月初时相比增加一倍以上。\n\n美国上周首次申领失业救济人数几无变动 仍处于低位\n美国上周首次申请失业救济人数几无变动，表明随着劳动力市场继续复苏，裁员人数处于历史低位。\n美国劳工部周四公布的数据显示，截至12月18日当周首次申领失业救济人数报20.5万人，与前值持平。经济学家预期中值为20.5万人。\n截至12月11日当周持续申领失业金人数降至186万。\n该报告凸显了近几个月岗位流失数量较低的情况，雇主侧重于吸引和留住工人，以跟上消费者需求的步伐。申请量总体上与疫情前的水平一致，反映了美国劳动力市场吃紧。\n随着劳动力市场的改善，申领失业金人数持续走低，最近几周由于在假日季调整原始数据引发一些波动，情况尤其是如此。申请人数在截至12月4日当周触及了52年低点18.8万人。\n\n萨默斯警告美国或很快陷入衰退 此后将出现长期停滞\n美国前财政部长劳伦斯·萨默斯警告称，未来几年美国经济将进入一个考验期，衰退后可能陷入长期停滞。\n萨默斯表示，美联储迟迟未发现通胀风险，在应对通胀问题上反应过慢可能导致经济大幅滑坡。\n“如果我们可以在过热的情况下可持续地管理经济，那的确棒极了，但1970年代我们得到了教训，即经济过热不仅带来高通胀，而且通胀还会不断上升，”萨默斯说。 “这就是为什么我担心我们已经到了在不触发衰退情况下难以降低通胀的地步”。\n美国的通胀率已经达到里根以来的最高水平，许多人开始更接近萨默斯的观点。美联储本月转向转向鹰派，计划比9月份时预期的水平更快收紧货币政策。\n通胀交易员认为2022年初美国通胀率有突破7%的风险\n一位准确预测了今年债市通胀预期上升的交易员称，美国通胀率势将因经济增长而进一步上升，并可能在2022年一季度超出大多数分析师的预期。\nBank of Ireland Group Plc在柏林的通胀交易台负责人Semin Soher Power预测，明年一季度美国消费者价格指数（CPI）同比涨幅将超过7%，高于11月的6.8%，也高于分析师对一季度6.3%的预估中值。\n她于周四接受采访时表示，通胀压力“现在更多是由经济增长带来的”，而不单纯是能源价格上涨或经济重启的结果。她表示，市场和央行都在意识到这一点，迹象之一是美联储不再用“暂时性”来描述通胀压力。\n对于美联储转鹰，市场提高了加息次数预测，不过对较长期内加息幅度的预期还是低于美联储点阵图显示的预测中值。交易员们似乎相信央行政策将有助于控制通胀，反映市场通胀预期的盈亏平衡通胀率在近几周回落。","news_type":1,"symbols_score_info":{".DJI":0.9,"PSQ":0.9,"QLD":0.9,".IXIC":0.9,"SDOW":0.9,"HSA":0.9,"QID":0.9,"QQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":4201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693503524,"gmtCreate":1640046209468,"gmtModify":1640046209558,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693503524","repostId":"2193360811","repostType":2,"repost":{"id":"2193360811","kind":"news","pubTimestamp":1640041643,"share":"https://www.laohu8.com/m/news/2193360811?lang=zh_CN&edition=full","pubTime":"2021-12-21 07:07","market":"us","language":"zh","title":"外媒头条：曼钦提出对拜登经济法案的修改建议","url":"https://stock-news.laohu8.com/highlight/detail?id=2193360811","media":"新浪美股","summary":"土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率土耳其里拉飙升，从纪录低点反弹。追踪的31种主要货币中，里拉周一涨幅居首。埃尔多安政府周一宣布了一系列措施，其中包括推出一项新的计划，保护储蓄额免受本币波动的影响。埃尔多安在安卡拉主持召开内阁会议后表示，如果里拉兑硬通货的跌幅超过银行承诺的利率，政府将弥补里拉存款持有人的损失。“当前的疫情状况极其难以举办全球性面对面的会议，”WEF表示。","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、曼钦提出对拜登经济法案的修改建议 抨击白宫和党内有人对他霸凌</b>\n</blockquote>\n<blockquote>\n <b>2、土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率</b>\n</blockquote>\n<blockquote>\n <b>3、全球掀起新一轮疫情 冬季达沃斯论坛连续第二年被迫改期</b>\n</blockquote>\n<blockquote>\n <b>4、2021年全球并购交易活动首次突破5万亿美元 创历史纪录</b>\n</blockquote>\n<blockquote>\n <b>5、试验显示Moderna加强针可将针对omicron的抗体水平提高36倍</b>\n</blockquote>\n<blockquote>\n <b>6、<a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>重金砸入医疗保健行业 以283亿美元收购Cerner</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/76f41045060fde3c6991b7e022b0c46e\" tg-width=\"720\" tg-height=\"503\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>曼钦提出对拜登经济法案的修改建议 抨击白宫和党内有人对他霸凌</b></p>\n<p>美国民主党参议员曼钦周一概述了拜登经济法案需做出哪些改变才可能赢得他的支持，此外他还对攻击他的白宫工作人员和其他民主党人士予以了抨击。</p>\n<p>在接受西弗吉尼亚州一家电台采访时，曼钦给出其对经济法案的修改路线图。拜登和民主党计划明年1月国会休会归来后通过该项法案。曼钦重申，不能为了压低总成本就推出一个包含不同社会支出项目的大杂烩法案。</p>\n<p>一天前，白宫指责他出尔反尔，违反对总统和其他民主党人的承诺，但曼钦指责白宫工作人员持续几个月来不断推动他一直反对的法案条款，尽管拜登承诺重新协商。</p>\n<p>他说，“不是总统，是白宫的工作人员”。</p>\n<p>曼钦表示，他支持的法案必须真正带来美国税制改革，使纳税变得更加公平，而且对处方药的降价程度也要比目前法案更大更广。</p>\n<p><img src=\"https://static.tigerbbs.com/b1a5bb4066461839c74c728bb7b29489\" tg-width=\"720\" tg-height=\"405\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率</b></p>\n<p>土耳其里拉飙升，从纪录低点反弹。</p>\n<p>里拉兑美元汇率一度上涨25%至1美元兑12.28里拉，盘中里拉曾触及纪录低点18.36。 追踪的31种主要货币中，里拉周一涨幅居首。</p>\n<p>埃尔多安政府周一宣布了一系列措施，其中包括推出一项新的计划，保护储蓄额免受本币波动的影响。埃尔多安在安卡拉主持召开内阁会议后表示，如果里拉兑硬通货的跌幅超过银行承诺的利率，政府将弥补里拉存款持有人的损失。</p>\n<p>这些措施旨在缓解散户投资者对美元的需求，结束里拉持续三个月的动荡。</p>\n<p><a href=\"https://laohu8.com/S/WFC\">富国银行</a>外汇策略师Brendan McKenna表示，“此举可能对里拉有帮助，但我认为这取决于政府的公信力，以及储户是否认为这是一项切实可行的政策。目前，土耳其的政府机构没有很多信誉，所以要博得里储户的信任可能并非易事”。</p>\n<p><img src=\"https://static.tigerbbs.com/badf05c326b5da77467dad6f86c76c6a\" tg-width=\"720\" tg-height=\"423\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>全球掀起新一轮疫情 冬季达沃斯论坛连续第二年被迫改期</b></p>\n<p>世界经济论坛（WEF）将推迟举办下月的达沃斯年会，由于瑞士和全球各地掀起新一轮疫情，会议的举办连续第二年遇挫。</p>\n<p>会议原定于1月17-21日举办；WEF在声明中称，围绕omicron变异株“持续的不确定性”迫使其进行重新考虑，现在计划在初夏举行会议。</p>\n<p>“当前的疫情状况极其难以举办全球性面对面的会议，”WEF表示。“尽管会议实行严格的卫生规定，omicron的传播性及其对旅行和人员流动的影响使得延期成为必要。”</p>\n<p>就在上周，WEF的官员还表示，鉴于瑞士开放国际旅行，且可以提供定期检测，因此对会议的举办有信心。</p>\n<p>但是，由于出现了快速传播的omicron，上述计划面临威胁。</p>\n<p><img src=\"https://static.tigerbbs.com/d9382a2e10ac9e0880a4cd6d25d5dbed\" tg-width=\"720\" tg-height=\"407\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>2021年全球并购交易活动首次突破5万亿美元 创历史纪录</b></p>\n<p>全球并购（M&amp;A）活动在2021年打破了历史纪录，因大量资本和天价估值助长了疯狂的交易水平。</p>\n<p>Dealogic的数据显示，全球并购活动价值有史以来首次突破5万亿美元。截至12月16日，并购交易额增长63%，达到5.63万亿美元，轻松超过了2007年金融危机前4.42万亿美元的记录。</p>\n<p>科技和医疗保健通常占并购市场的最大份额，在2021年再次居首，部分原因是去年被压抑的需求，当时并购活动步伐因新冠疫情对全球金融的影响。</p>\n<p>企业争先恐后地通过股票或债券发行筹集资金，大型企业利用繁荣的股票市场将自家股票作为收购货币。此外，尽管存在通胀压力等潜在逆风，但强劲的企业盈利和整体良好的经济前景使企业CEO们有信心进行大型、变革性的交易。</p>\n<p><img src=\"https://static.tigerbbs.com/a75cab9e1fa212afe8ac614f75cb9b0a\" tg-width=\"720\" tg-height=\"352\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>试验显示Moderna加强针可将针对omicron的抗体水平提高36倍</b></p>\n<p>Moderna Inc．表示，接种其新冠疫苗第三针可提高针对omicron变异株的抗体水平，公司称，虽说正在研发专门针对该毒株的疫苗，但这一结果令人安心。</p>\n<p>Moderna周一在声明中指出，接种50微克--加强针授权剂量--可令中和抗体水平提高36倍。公司还使用100微克的剂量进行试验，与接种最初两剂疫苗相比，抗体水平提高了82倍。</p>\n<p>当前，各家企业正在力争弄清各自的疫苗对新毒株效果如何，并评估是否需要新的疫苗来遏制其传播。辉瑞公司和<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a>本月早些时候表示，实验室初步研究显示，接种其两剂疫苗者对omicron的抗体下降了24倍，因此可能需要接种第三针，来对抗该毒株。</p>\n<p><img src=\"https://static.tigerbbs.com/a3bdb571f289d1c0b320275f19660e74\" tg-width=\"720\" tg-height=\"481\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>甲骨文重金砸入医疗保健行业 以283亿美元收购Cerner</b></p>\n<p>甲骨文同意以大约283亿美元的代价收购医疗记录系统供应商Cerner Corp．，为这家软件制造商带来医疗保健行业的广泛客户基础，提振其云计算和数据库业务。</p>\n<p>甲骨文周一公告称，将以每股95美元现金收购Cerner。这是甲骨文历史上最大的全现金交易。</p>\n<p>甲骨文首席执行官Safra Catz表示，这笔收购将在完成交易后的第一个完整财年立即增加甲骨文的调整后收益，并从第二财年开始贡献更多利润。两家公司表示，交易预计将于明年完成。</p>\n<p>作为营收排名全球第二的软件制造商，甲骨文以数据库产品闻名，近年来在云计算领域一直难有进展，远远落后于<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>等行业领军企业。根据市场研究机构IDC的数据，Cerner交易给甲骨文带来了医疗保健行业的巨大技术立足点——预计到2023年，该行业将在云基础设施和软件上要投入158亿美元。</p>","source":"sina_symbol","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>外媒头条：曼钦提出对拜登经济法案的修改建议</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\">\n外媒头条：曼钦提出对拜登经济法案的修改建议\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-21 07:07 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-12-21/doc-ikyakumx5387993.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、曼钦提出对拜登经济法案的修改建议 抨击白宫和党内有人对他霸凌\n\n\n2、土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率\n\n\n3、全球掀起新一轮疫情 冬季达沃斯论坛连续第二年被迫改期\n\n\n4、2021年全球并购交易活动首次突破5万亿美元 创历史纪录\n\n\n5、试验显示Moderna加强针可将针对omicron的抗体水平提高36倍\n\n\n6、...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-12-21/doc-ikyakumx5387993.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b1a5bb4066461839c74c728bb7b29489","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","BK4528":"SaaS概念","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4538":"云计算"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-12-21/doc-ikyakumx5387993.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193360811","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、曼钦提出对拜登经济法案的修改建议 抨击白宫和党内有人对他霸凌\n\n\n2、土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率\n\n\n3、全球掀起新一轮疫情 冬季达沃斯论坛连续第二年被迫改期\n\n\n4、2021年全球并购交易活动首次突破5万亿美元 创历史纪录\n\n\n5、试验显示Moderna加强针可将针对omicron的抗体水平提高36倍\n\n\n6、甲骨文重金砸入医疗保健行业 以283亿美元收购Cerner\n\n\n曼钦提出对拜登经济法案的修改建议 抨击白宫和党内有人对他霸凌\n美国民主党参议员曼钦周一概述了拜登经济法案需做出哪些改变才可能赢得他的支持，此外他还对攻击他的白宫工作人员和其他民主党人士予以了抨击。\n在接受西弗吉尼亚州一家电台采访时，曼钦给出其对经济法案的修改路线图。拜登和民主党计划明年1月国会休会归来后通过该项法案。曼钦重申，不能为了压低总成本就推出一个包含不同社会支出项目的大杂烩法案。\n一天前，白宫指责他出尔反尔，违反对总统和其他民主党人的承诺，但曼钦指责白宫工作人员持续几个月来不断推动他一直反对的法案条款，尽管拜登承诺重新协商。\n他说，“不是总统，是白宫的工作人员”。\n曼钦表示，他支持的法案必须真正带来美国税制改革，使纳税变得更加公平，而且对处方药的降价程度也要比目前法案更大更广。\n\n土耳其里拉上演疯狂过山车 埃尔多安新政大幅拉升里拉汇率\n土耳其里拉飙升，从纪录低点反弹。\n里拉兑美元汇率一度上涨25%至1美元兑12.28里拉，盘中里拉曾触及纪录低点18.36。 追踪的31种主要货币中，里拉周一涨幅居首。\n埃尔多安政府周一宣布了一系列措施，其中包括推出一项新的计划，保护储蓄额免受本币波动的影响。埃尔多安在安卡拉主持召开内阁会议后表示，如果里拉兑硬通货的跌幅超过银行承诺的利率，政府将弥补里拉存款持有人的损失。\n这些措施旨在缓解散户投资者对美元的需求，结束里拉持续三个月的动荡。\n富国银行外汇策略师Brendan McKenna表示，“此举可能对里拉有帮助，但我认为这取决于政府的公信力，以及储户是否认为这是一项切实可行的政策。目前，土耳其的政府机构没有很多信誉，所以要博得里储户的信任可能并非易事”。\n\n全球掀起新一轮疫情 冬季达沃斯论坛连续第二年被迫改期\n世界经济论坛（WEF）将推迟举办下月的达沃斯年会，由于瑞士和全球各地掀起新一轮疫情，会议的举办连续第二年遇挫。\n会议原定于1月17-21日举办；WEF在声明中称，围绕omicron变异株“持续的不确定性”迫使其进行重新考虑，现在计划在初夏举行会议。\n“当前的疫情状况极其难以举办全球性面对面的会议，”WEF表示。“尽管会议实行严格的卫生规定，omicron的传播性及其对旅行和人员流动的影响使得延期成为必要。”\n就在上周，WEF的官员还表示，鉴于瑞士开放国际旅行，且可以提供定期检测，因此对会议的举办有信心。\n但是，由于出现了快速传播的omicron，上述计划面临威胁。\n\n2021年全球并购交易活动首次突破5万亿美元 创历史纪录\n全球并购（M&A）活动在2021年打破了历史纪录，因大量资本和天价估值助长了疯狂的交易水平。\nDealogic的数据显示，全球并购活动价值有史以来首次突破5万亿美元。截至12月16日，并购交易额增长63%，达到5.63万亿美元，轻松超过了2007年金融危机前4.42万亿美元的记录。\n科技和医疗保健通常占并购市场的最大份额，在2021年再次居首，部分原因是去年被压抑的需求，当时并购活动步伐因新冠疫情对全球金融的影响。\n企业争先恐后地通过股票或债券发行筹集资金，大型企业利用繁荣的股票市场将自家股票作为收购货币。此外，尽管存在通胀压力等潜在逆风，但强劲的企业盈利和整体良好的经济前景使企业CEO们有信心进行大型、变革性的交易。\n\n试验显示Moderna加强针可将针对omicron的抗体水平提高36倍\nModerna Inc．表示，接种其新冠疫苗第三针可提高针对omicron变异株的抗体水平，公司称，虽说正在研发专门针对该毒株的疫苗，但这一结果令人安心。\nModerna周一在声明中指出，接种50微克--加强针授权剂量--可令中和抗体水平提高36倍。公司还使用100微克的剂量进行试验，与接种最初两剂疫苗相比，抗体水平提高了82倍。\n当前，各家企业正在力争弄清各自的疫苗对新毒株效果如何，并评估是否需要新的疫苗来遏制其传播。辉瑞公司和BioNTech SE本月早些时候表示，实验室初步研究显示，接种其两剂疫苗者对omicron的抗体下降了24倍，因此可能需要接种第三针，来对抗该毒株。\n\n甲骨文重金砸入医疗保健行业 以283亿美元收购Cerner\n甲骨文同意以大约283亿美元的代价收购医疗记录系统供应商Cerner Corp．，为这家软件制造商带来医疗保健行业的广泛客户基础，提振其云计算和数据库业务。\n甲骨文周一公告称，将以每股95美元现金收购Cerner。这是甲骨文历史上最大的全现金交易。\n甲骨文首席执行官Safra Catz表示，这笔收购将在完成交易后的第一个完整财年立即增加甲骨文的调整后收益，并从第二财年开始贡献更多利润。两家公司表示，交易预计将于明年完成。\n作为营收排名全球第二的软件制造商，甲骨文以数据库产品闻名，近年来在云计算领域一直难有进展，远远落后于亚马逊、微软等行业领军企业。根据市场研究机构IDC的数据，Cerner交易给甲骨文带来了医疗保健行业的巨大技术立足点——预计到2023年，该行业将在云基础设施和软件上要投入158亿美元。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602696058,"gmtCreate":1639012152275,"gmtModify":1639012152451,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Keep it up!","listText":"Keep it up!","text":"Keep it up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602696058","repostId":"1137331022","repostType":2,"repost":{"id":"1137331022","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639005672,"share":"https://www.laohu8.com/m/news/1137331022?lang=zh_CN&edition=full","pubTime":"2021-12-09 07:21","market":"fut","language":"zh","title":"昨夜今晨：疫苗利好再度传来！苹果续刷历史新高","url":"https://stock-news.laohu8.com/highlight/detail?id=1137331022","media":"老虎资讯综合","summary":"摘要：美股三大指数小幅收涨，苹果续创历史新高；中概股多数上涨，雾芯科技收涨超21%；辉瑞公司宣布加强针疫苗可中和奥密克戎毒株；游戏驿站Q3净亏损同比扩大，盘后一度跌逾7%>>>\n\n海外市场\n美股三大指","content":"<blockquote>\n <b>摘要：</b>美股三大指数小幅收涨，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>续创历史新高；中概股多数上涨，雾芯科技收涨超21%；<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>公司宣布加强针疫苗可中和奥密克戎毒株；<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>Q3净亏损同比扩大，盘后一度跌逾7%&gt;&gt;&gt;\n</blockquote>\n<p><b>海外市场</b></p>\n<p><b>美股三大指数小幅收涨，苹果续创收盘历史新高</b></p>\n<p>美国股市周三小幅上涨，许多投资者已经预期到，奥密克戎的威胁将是可控的，这种预期推动了本周股市的连续反弹。截至收盘，道琼斯指数涨0.1%，报35754.75点；标普500指数涨0.31%，报4701.21点；纳斯达克指数涨0.64%，报15786.99点。</p>\n<p><b>热门中概股收盘大多走高，雾芯科技涨超21%</b></p>\n<p>中概股多数上涨，雾芯科技收涨超21%，<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超13%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>涨超11%，<a href=\"https://laohu8.com/S/GOTU\">高途</a>涨超11%，<a href=\"https://laohu8.com/S/LUCKIN\">瑞幸咖啡</a>涨超9%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超8%，<a href=\"https://laohu8.com/S/ZTO\">中通快递</a>涨近6%；中概新能源汽车中，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>涨超5.8%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨2.1%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>涨超1%。</p>\n<p><b>美油收高0.4%，布油上涨0.5%</b></p>\n<p>美国原油期货价格周三创两周来的最高收盘价。关于奥密克戎变异毒株可能不会像人们担心的那样严重破坏经济的消息接踵而至，令油价持续获得支持。纽约商品交易所1月交割的西德克萨斯中质原油（WTI）期货价格上涨31美分，涨幅0.4%，收于每桶72.36美元，创11月24日以来的最高收盘价；欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>2月交割的布伦特原油期货价格上涨38美分，涨幅0.5%，收于每桶75.82美元，创11月25日以来的最高收盘价。</p>\n<p><b>黄金期货收高0.1%，并创一周来盘中最高价</b></p>\n<p>黄金期货周三小幅收高，盘中一度创一周以来新高。投资者关注奥密克戎变异毒株的发展，并等待本周即将公布的美国通胀数据。纽约商品交易所最活跃的2月黄金合约上涨80美分，涨幅不到0.1%，收于每盎司1785.50美元。盘中最高为1794.30美元，创12月1日以来的最高价格。</p>\n<p><b>欧股主要指数收跌，德国DAX30指数跌0.79%</b></p>\n<p>德国DAX30指数周三收跌0.79%，<a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>跌0.08%，法国CAC40跌0.7%，欧洲斯托克50指数跌0.99%。</p>\n<p><b>国际宏观</b></p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>辉瑞CEO：因omicron的出现 可能要比预期更早接种第四针疫苗</b></a></p>\n<p>辉瑞首席执行官Albert Bourla周三表示，在初步研究表明omicron变体会破坏新冠疫苗产生的保护性抗体后，人们可能需要比预期更早地接种第四针新冠疫苗。</p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>摩根大通：2022年全球经济将全面复苏</b></a></p>\n<p>美国投行摩根大通周三预测，2022年将标志着新冠疫情的结束，全球经济将全面复苏。该行在2022年的展望报告中称，新的疫苗和疗法将引发“强劲的周期性复苏、全球流动性的回归以及消费者被压抑需求的释放”。</p>\n<p><b>世卫组织：奥密克戎毒株将显著影响全球疫情</b></p>\n<p>世卫组织总干事谭德塞表示，已有57个国家和地区出现奥密克戎毒株，预计还将继续扩散，该毒株将对全球疫情产生显著影响，但目前还难以预估具体情况。南非感染奥密克戎毒株的病例数量正在迅速增加，谭德塞呼吁各国加强监测和病毒基因测序，以了解奥密克戎毒株是否能超越德尔塔毒株成为新的主要流行毒株。</p>\n<p><a href=\"https://laohu8.com/NW/2190693181\" target=\"_blank\"><b>全球芯片短缺问题未有起色，交付等待时长再创历史新高</b></a></p>\n<p>芯片的交付时间再度延长，这项关键产品的短缺让许多行业希望再次破灭。根据Susquehanna金融集团的最新研究结果，11月芯片的交货时长（从订购到交付）比10月的21.9周增加了4天，达到约22.3周，再创该数据有史以来最长的等待时间。</p>\n<p><a href=\"https://laohu8.com/NW/2190869550\" target=\"_blank\"><b>美国职位空缺接近历史高位，“大辞职潮”近半年来首次放缓</b></a><b></b></p>\n<p>美国10月职位空缺数跃升至有纪录以来的次高水平，凸显出雇主在填补岗位空缺方面所面临的挑战。美国劳工部周三发布的职位空缺和劳动力流动调查报告显示，职位空缺数升至1100万，前月数据意外上修至1060万。辞职率降至2.8%。</p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>英国首相恢复居家工作建议 以遏制omicron传播</b></a></p>\n<p>英国首相鲍里斯·约翰逊收紧防疫规定以遏制变异毒株omicron的传播，建议人们在家工作，并强制要求在大型公共场所使用“疫苗护照”。“越来越明显的是，omicron增长速度远快于德尔塔，”约翰逊在周三电视新闻发布会上宣布了英格兰地区的新防疫措施。他表示，“实施B计划是合适而负责任的做法”。</p>\n<p><b>公司新闻</b></p>\n<p><a href=\"https://laohu8.com/NW/2190931896\" target=\"_blank\"><b>苹果股价续刷历史新高，市值逼近3万亿美元</b></a></p>\n<p>周三苹果股价再度刷新历史高位，市值也逐步接近3万亿美元。而就在一年多前，苹果市值才刚刚突破2万亿美元大关。据悉美国法院批准苹果推迟修改应用商店规则最后期限的动议，暂停执行Epic Games反垄断诉讼中针对苹果公司的应用商店禁令，该消息推动苹果股价短线拉升。</p>\n<p><a href=\"https://laohu8.com/NW/1141082394\" target=\"_blank\"><b>飙涨近22%！电子烟龙头豪掷超30亿回购股票</b></a></p>\n<p>电子烟龙头雾芯科技12月8日晚间发布公告称，董事会授权一项股票回购计划，根据该计划，公司可在截至2023年12月31日的一段时间内回购至多5亿美元（折合人民币31.7亿元）的股票。受此消息影响，雾芯科技股价高开高走，截至收盘，涨近22%。</p>\n<p><a href=\"https://laohu8.com/NW/1124189543\" target=\"_blank\"><b>辉瑞：加强针疫苗可中和奥密克戎毒株</b></a></p>\n<p>辉瑞和BioNTech公司宣布，加强针新冠疫苗能中和奥密克戎变异毒株。初步试验数据显示，尽管两剂疫苗阻断奥密克戎的效果明显较差，但接种第三剂疫苗后，针对该毒株的抗体水平提高了25倍，足以和两剂疫苗对原始毒株的效果相媲美。</p>\n<p><b><a href=\"https://laohu8.com/S/AZN\">阿斯利康</a>Evusheld疫苗获得美国食品药品监督管理局紧急使用授权</b></p>\n<p>周三阿斯利康的新冠注射剂Evusheld获得美国食品药品监督管理局紧急使用授权。FDA表示，此前针对阿斯利康的新冠注射剂Evusheld发布的紧急使用授权，是为了帮助特定的成人和儿童抵御新冠病毒。</p>\n<p><a href=\"https://laohu8.com/NW/2189667417\" target=\"_blank\"><b>谷歌和Roku达成新协议 确保YouTube和YouTube TV继续发行</b></a></p>\n<p>据报道，ROKU和谷歌今日达成了一项新的多年合作协议，使得YouTube和YouTube TV得以在Roku平台上继续存在。两家公司并未披露新协议的条款。Roku的一名代表在一份声明中称，“这项协议对我们的共同客户来说是一个积极的进展，使Roku平台上的所有流媒体用户都可以使用YouTube和YouTube TV。”</p>\n<p><a href=\"https://laohu8.com/NW/2189663059\" target=\"_blank\"><b>福特首款电动皮卡需求火爆，预订量接近20万辆</b></a></p>\n<p>据报道，<a href=\"https://laohu8.com/S/F\">福特汽车</a>证实，首款电动皮卡F150 Lightning目前零售预订量已经接近20万辆。F-150 Lightning自今年9月以来一直处于试生产阶段，根据计划，将于2022年春季正式上市，预计在2022年下半年交付。</p>\n<p><a href=\"https://laohu8.com/NW/2189527726\" target=\"_blank\"><b>英特尔CEO：供应链问题将持续至2023年</b></a></p>\n<p>英特尔和<a href=\"https://laohu8.com/S/ACN\">埃森哲</a>CEO表示，对一些公司来说，波及整个美国经济的供应链问题正在改善，但长期修复可能需要更多时间。芯片业巨头英特尔身处全球半导体短缺的风暴中心，该公司CEO基辛格预计供应链问题将持续到2023年，部分是因为建造一家新厂需要三年时间。基辛格说：“我们认为当前正是最糟糕的阶段。”</p>\n<p><a href=\"https://laohu8.com/NW/1131202578\" target=\"_blank\"><b>游戏驿站Q3净亏损同比扩大，盘后一度跌逾7%</b></a></p>\n<p>财报显示，第三季度营收12.97亿美元，市场预期11.89亿美元，去年同期10.05亿美元；第三季度净亏损1.054亿美元，市场预期净亏损3213.3万美元，去年同期1880万美元；第三季度每股亏损1.39美元，市场预期亏损0.4美元，去年同期亏损0.29美元。</p>\n<p><a href=\"https://laohu8.com/NW/1177663836\" target=\"_blank\"><b>UiPath&nbsp;2022财年第三季度净亏损同比扩大</b></a></p>\n<p>财报显示，第三季度营收2.21亿美元，市场预期2.09亿美元，去年同期1.47亿美元；第三季度净亏损1.23亿美元，市场预期净亏损6258.2万美元，去年同期净亏损7079.6万美元；第三季度每股亏损0.23美元，市场预期亏损0.14美元，去年同期亏损0.41美元。</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>昨夜今晨：疫苗利好再度传来！苹果续刷历史新高</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\">\n昨夜今晨：疫苗利好再度传来！苹果续刷历史新高\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-12-09 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>摘要：</b>美股三大指数小幅收涨，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>续创历史新高；中概股多数上涨，雾芯科技收涨超21%；<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>公司宣布加强针疫苗可中和奥密克戎毒株；<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>Q3净亏损同比扩大，盘后一度跌逾7%&gt;&gt;&gt;\n</blockquote>\n<p><b>海外市场</b></p>\n<p><b>美股三大指数小幅收涨，苹果续创收盘历史新高</b></p>\n<p>美国股市周三小幅上涨，许多投资者已经预期到，奥密克戎的威胁将是可控的，这种预期推动了本周股市的连续反弹。截至收盘，道琼斯指数涨0.1%，报35754.75点；标普500指数涨0.31%，报4701.21点；纳斯达克指数涨0.64%，报15786.99点。</p>\n<p><b>热门中概股收盘大多走高，雾芯科技涨超21%</b></p>\n<p>中概股多数上涨，雾芯科技收涨超21%，<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超13%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>涨超11%，<a href=\"https://laohu8.com/S/GOTU\">高途</a>涨超11%，<a href=\"https://laohu8.com/S/LUCKIN\">瑞幸咖啡</a>涨超9%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超8%，<a href=\"https://laohu8.com/S/ZTO\">中通快递</a>涨近6%；中概新能源汽车中，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>涨超5.8%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨2.1%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>涨超1%。</p>\n<p><b>美油收高0.4%，布油上涨0.5%</b></p>\n<p>美国原油期货价格周三创两周来的最高收盘价。关于奥密克戎变异毒株可能不会像人们担心的那样严重破坏经济的消息接踵而至，令油价持续获得支持。纽约商品交易所1月交割的西德克萨斯中质原油（WTI）期货价格上涨31美分，涨幅0.4%，收于每桶72.36美元，创11月24日以来的最高收盘价；欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>2月交割的布伦特原油期货价格上涨38美分，涨幅0.5%，收于每桶75.82美元，创11月25日以来的最高收盘价。</p>\n<p><b>黄金期货收高0.1%，并创一周来盘中最高价</b></p>\n<p>黄金期货周三小幅收高，盘中一度创一周以来新高。投资者关注奥密克戎变异毒株的发展，并等待本周即将公布的美国通胀数据。纽约商品交易所最活跃的2月黄金合约上涨80美分，涨幅不到0.1%，收于每盎司1785.50美元。盘中最高为1794.30美元，创12月1日以来的最高价格。</p>\n<p><b>欧股主要指数收跌，德国DAX30指数跌0.79%</b></p>\n<p>德国DAX30指数周三收跌0.79%，<a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>跌0.08%，法国CAC40跌0.7%，欧洲斯托克50指数跌0.99%。</p>\n<p><b>国际宏观</b></p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>辉瑞CEO：因omicron的出现 可能要比预期更早接种第四针疫苗</b></a></p>\n<p>辉瑞首席执行官Albert Bourla周三表示，在初步研究表明omicron变体会破坏新冠疫苗产生的保护性抗体后，人们可能需要比预期更早地接种第四针新冠疫苗。</p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>摩根大通：2022年全球经济将全面复苏</b></a></p>\n<p>美国投行摩根大通周三预测，2022年将标志着新冠疫情的结束，全球经济将全面复苏。该行在2022年的展望报告中称，新的疫苗和疗法将引发“强劲的周期性复苏、全球流动性的回归以及消费者被压抑需求的释放”。</p>\n<p><b>世卫组织：奥密克戎毒株将显著影响全球疫情</b></p>\n<p>世卫组织总干事谭德塞表示，已有57个国家和地区出现奥密克戎毒株，预计还将继续扩散，该毒株将对全球疫情产生显著影响，但目前还难以预估具体情况。南非感染奥密克戎毒株的病例数量正在迅速增加，谭德塞呼吁各国加强监测和病毒基因测序，以了解奥密克戎毒株是否能超越德尔塔毒株成为新的主要流行毒株。</p>\n<p><a href=\"https://laohu8.com/NW/2190693181\" target=\"_blank\"><b>全球芯片短缺问题未有起色，交付等待时长再创历史新高</b></a></p>\n<p>芯片的交付时间再度延长，这项关键产品的短缺让许多行业希望再次破灭。根据Susquehanna金融集团的最新研究结果，11月芯片的交货时长（从订购到交付）比10月的21.9周增加了4天，达到约22.3周，再创该数据有史以来最长的等待时间。</p>\n<p><a href=\"https://laohu8.com/NW/2190869550\" target=\"_blank\"><b>美国职位空缺接近历史高位，“大辞职潮”近半年来首次放缓</b></a><b></b></p>\n<p>美国10月职位空缺数跃升至有纪录以来的次高水平，凸显出雇主在填补岗位空缺方面所面临的挑战。美国劳工部周三发布的职位空缺和劳动力流动调查报告显示，职位空缺数升至1100万，前月数据意外上修至1060万。辞职率降至2.8%。</p>\n<p><a href=\"https://laohu8.com/NW/2190969538\" target=\"_blank\"><b>英国首相恢复居家工作建议 以遏制omicron传播</b></a></p>\n<p>英国首相鲍里斯·约翰逊收紧防疫规定以遏制变异毒株omicron的传播，建议人们在家工作，并强制要求在大型公共场所使用“疫苗护照”。“越来越明显的是，omicron增长速度远快于德尔塔，”约翰逊在周三电视新闻发布会上宣布了英格兰地区的新防疫措施。他表示，“实施B计划是合适而负责任的做法”。</p>\n<p><b>公司新闻</b></p>\n<p><a href=\"https://laohu8.com/NW/2190931896\" target=\"_blank\"><b>苹果股价续刷历史新高，市值逼近3万亿美元</b></a></p>\n<p>周三苹果股价再度刷新历史高位，市值也逐步接近3万亿美元。而就在一年多前，苹果市值才刚刚突破2万亿美元大关。据悉美国法院批准苹果推迟修改应用商店规则最后期限的动议，暂停执行Epic Games反垄断诉讼中针对苹果公司的应用商店禁令，该消息推动苹果股价短线拉升。</p>\n<p><a href=\"https://laohu8.com/NW/1141082394\" target=\"_blank\"><b>飙涨近22%！电子烟龙头豪掷超30亿回购股票</b></a></p>\n<p>电子烟龙头雾芯科技12月8日晚间发布公告称，董事会授权一项股票回购计划，根据该计划，公司可在截至2023年12月31日的一段时间内回购至多5亿美元（折合人民币31.7亿元）的股票。受此消息影响，雾芯科技股价高开高走，截至收盘，涨近22%。</p>\n<p><a href=\"https://laohu8.com/NW/1124189543\" target=\"_blank\"><b>辉瑞：加强针疫苗可中和奥密克戎毒株</b></a></p>\n<p>辉瑞和BioNTech公司宣布，加强针新冠疫苗能中和奥密克戎变异毒株。初步试验数据显示，尽管两剂疫苗阻断奥密克戎的效果明显较差，但接种第三剂疫苗后，针对该毒株的抗体水平提高了25倍，足以和两剂疫苗对原始毒株的效果相媲美。</p>\n<p><b><a href=\"https://laohu8.com/S/AZN\">阿斯利康</a>Evusheld疫苗获得美国食品药品监督管理局紧急使用授权</b></p>\n<p>周三阿斯利康的新冠注射剂Evusheld获得美国食品药品监督管理局紧急使用授权。FDA表示，此前针对阿斯利康的新冠注射剂Evusheld发布的紧急使用授权，是为了帮助特定的成人和儿童抵御新冠病毒。</p>\n<p><a href=\"https://laohu8.com/NW/2189667417\" target=\"_blank\"><b>谷歌和Roku达成新协议 确保YouTube和YouTube TV继续发行</b></a></p>\n<p>据报道，ROKU和谷歌今日达成了一项新的多年合作协议，使得YouTube和YouTube TV得以在Roku平台上继续存在。两家公司并未披露新协议的条款。Roku的一名代表在一份声明中称，“这项协议对我们的共同客户来说是一个积极的进展，使Roku平台上的所有流媒体用户都可以使用YouTube和YouTube TV。”</p>\n<p><a href=\"https://laohu8.com/NW/2189663059\" target=\"_blank\"><b>福特首款电动皮卡需求火爆，预订量接近20万辆</b></a></p>\n<p>据报道，<a href=\"https://laohu8.com/S/F\">福特汽车</a>证实，首款电动皮卡F150 Lightning目前零售预订量已经接近20万辆。F-150 Lightning自今年9月以来一直处于试生产阶段，根据计划，将于2022年春季正式上市，预计在2022年下半年交付。</p>\n<p><a href=\"https://laohu8.com/NW/2189527726\" target=\"_blank\"><b>英特尔CEO：供应链问题将持续至2023年</b></a></p>\n<p>英特尔和<a href=\"https://laohu8.com/S/ACN\">埃森哲</a>CEO表示，对一些公司来说，波及整个美国经济的供应链问题正在改善，但长期修复可能需要更多时间。芯片业巨头英特尔身处全球半导体短缺的风暴中心，该公司CEO基辛格预计供应链问题将持续到2023年，部分是因为建造一家新厂需要三年时间。基辛格说：“我们认为当前正是最糟糕的阶段。”</p>\n<p><a href=\"https://laohu8.com/NW/1131202578\" target=\"_blank\"><b>游戏驿站Q3净亏损同比扩大，盘后一度跌逾7%</b></a></p>\n<p>财报显示，第三季度营收12.97亿美元，市场预期11.89亿美元，去年同期10.05亿美元；第三季度净亏损1.054亿美元，市场预期净亏损3213.3万美元，去年同期1880万美元；第三季度每股亏损1.39美元，市场预期亏损0.4美元，去年同期亏损0.29美元。</p>\n<p><a href=\"https://laohu8.com/NW/1177663836\" target=\"_blank\"><b>UiPath&nbsp;2022财年第三季度净亏损同比扩大</b></a></p>\n<p>财报显示，第三季度营收2.21亿美元，市场预期2.09亿美元，去年同期1.47亿美元；第三季度净亏损1.23亿美元，市场预期净亏损6258.2万美元，去年同期净亏损7079.6万美元；第三季度每股亏损0.23美元，市场预期亏损0.14美元，去年同期亏损0.41美元。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"BK4553":"喜马拉雅资本持仓","BK4501":"段永平概念","BK4566":"资本集团","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","BK4527":"明星科技股","AAPL":"苹果","BK4515":"5G概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4505":"高瓴资本持仓","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边",".DJI":"道琼斯","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念",".IXIC":"NASDAQ Composite","BK4559":"巴菲特持仓"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137331022","content_text":"摘要：美股三大指数小幅收涨，苹果续创历史新高；中概股多数上涨，雾芯科技收涨超21%；辉瑞公司宣布加强针疫苗可中和奥密克戎毒株；游戏驿站Q3净亏损同比扩大，盘后一度跌逾7%>>>\n\n海外市场\n美股三大指数小幅收涨，苹果续创收盘历史新高\n美国股市周三小幅上涨，许多投资者已经预期到，奥密克戎的威胁将是可控的，这种预期推动了本周股市的连续反弹。截至收盘，道琼斯指数涨0.1%，报35754.75点；标普500指数涨0.31%，报4701.21点；纳斯达克指数涨0.64%，报15786.99点。\n热门中概股收盘大多走高，雾芯科技涨超21%\n中概股多数上涨，雾芯科技收涨超21%，好未来涨超13%，贝壳涨超11%，高途涨超11%，瑞幸咖啡涨超9%，新东方涨超8%，中通快递涨近6%；中概新能源汽车中，蔚来涨超5.8%，理想汽车涨2.1%，小鹏汽车涨超1%。\n美油收高0.4%，布油上涨0.5%\n美国原油期货价格周三创两周来的最高收盘价。关于奥密克戎变异毒株可能不会像人们担心的那样严重破坏经济的消息接踵而至，令油价持续获得支持。纽约商品交易所1月交割的西德克萨斯中质原油（WTI）期货价格上涨31美分，涨幅0.4%，收于每桶72.36美元，创11月24日以来的最高收盘价；欧洲洲际交易所2月交割的布伦特原油期货价格上涨38美分，涨幅0.5%，收于每桶75.82美元，创11月25日以来的最高收盘价。\n黄金期货收高0.1%，并创一周来盘中最高价\n黄金期货周三小幅收高，盘中一度创一周以来新高。投资者关注奥密克戎变异毒株的发展，并等待本周即将公布的美国通胀数据。纽约商品交易所最活跃的2月黄金合约上涨80美分，涨幅不到0.1%，收于每盎司1785.50美元。盘中最高为1794.30美元，创12月1日以来的最高价格。\n欧股主要指数收跌，德国DAX30指数跌0.79%\n德国DAX30指数周三收跌0.79%，英国富时100跌0.08%，法国CAC40跌0.7%，欧洲斯托克50指数跌0.99%。\n国际宏观\n辉瑞CEO：因omicron的出现 可能要比预期更早接种第四针疫苗\n辉瑞首席执行官Albert Bourla周三表示，在初步研究表明omicron变体会破坏新冠疫苗产生的保护性抗体后，人们可能需要比预期更早地接种第四针新冠疫苗。\n摩根大通：2022年全球经济将全面复苏\n美国投行摩根大通周三预测，2022年将标志着新冠疫情的结束，全球经济将全面复苏。该行在2022年的展望报告中称，新的疫苗和疗法将引发“强劲的周期性复苏、全球流动性的回归以及消费者被压抑需求的释放”。\n世卫组织：奥密克戎毒株将显著影响全球疫情\n世卫组织总干事谭德塞表示，已有57个国家和地区出现奥密克戎毒株，预计还将继续扩散，该毒株将对全球疫情产生显著影响，但目前还难以预估具体情况。南非感染奥密克戎毒株的病例数量正在迅速增加，谭德塞呼吁各国加强监测和病毒基因测序，以了解奥密克戎毒株是否能超越德尔塔毒株成为新的主要流行毒株。\n全球芯片短缺问题未有起色，交付等待时长再创历史新高\n芯片的交付时间再度延长，这项关键产品的短缺让许多行业希望再次破灭。根据Susquehanna金融集团的最新研究结果，11月芯片的交货时长（从订购到交付）比10月的21.9周增加了4天，达到约22.3周，再创该数据有史以来最长的等待时间。\n美国职位空缺接近历史高位，“大辞职潮”近半年来首次放缓\n美国10月职位空缺数跃升至有纪录以来的次高水平，凸显出雇主在填补岗位空缺方面所面临的挑战。美国劳工部周三发布的职位空缺和劳动力流动调查报告显示，职位空缺数升至1100万，前月数据意外上修至1060万。辞职率降至2.8%。\n英国首相恢复居家工作建议 以遏制omicron传播\n英国首相鲍里斯·约翰逊收紧防疫规定以遏制变异毒株omicron的传播，建议人们在家工作，并强制要求在大型公共场所使用“疫苗护照”。“越来越明显的是，omicron增长速度远快于德尔塔，”约翰逊在周三电视新闻发布会上宣布了英格兰地区的新防疫措施。他表示，“实施B计划是合适而负责任的做法”。\n公司新闻\n苹果股价续刷历史新高，市值逼近3万亿美元\n周三苹果股价再度刷新历史高位，市值也逐步接近3万亿美元。而就在一年多前，苹果市值才刚刚突破2万亿美元大关。据悉美国法院批准苹果推迟修改应用商店规则最后期限的动议，暂停执行Epic Games反垄断诉讼中针对苹果公司的应用商店禁令，该消息推动苹果股价短线拉升。\n飙涨近22%！电子烟龙头豪掷超30亿回购股票\n电子烟龙头雾芯科技12月8日晚间发布公告称，董事会授权一项股票回购计划，根据该计划，公司可在截至2023年12月31日的一段时间内回购至多5亿美元（折合人民币31.7亿元）的股票。受此消息影响，雾芯科技股价高开高走，截至收盘，涨近22%。\n辉瑞：加强针疫苗可中和奥密克戎毒株\n辉瑞和BioNTech公司宣布，加强针新冠疫苗能中和奥密克戎变异毒株。初步试验数据显示，尽管两剂疫苗阻断奥密克戎的效果明显较差，但接种第三剂疫苗后，针对该毒株的抗体水平提高了25倍，足以和两剂疫苗对原始毒株的效果相媲美。\n阿斯利康Evusheld疫苗获得美国食品药品监督管理局紧急使用授权\n周三阿斯利康的新冠注射剂Evusheld获得美国食品药品监督管理局紧急使用授权。FDA表示，此前针对阿斯利康的新冠注射剂Evusheld发布的紧急使用授权，是为了帮助特定的成人和儿童抵御新冠病毒。\n谷歌和Roku达成新协议 确保YouTube和YouTube TV继续发行\n据报道，ROKU和谷歌今日达成了一项新的多年合作协议，使得YouTube和YouTube TV得以在Roku平台上继续存在。两家公司并未披露新协议的条款。Roku的一名代表在一份声明中称，“这项协议对我们的共同客户来说是一个积极的进展，使Roku平台上的所有流媒体用户都可以使用YouTube和YouTube TV。”\n福特首款电动皮卡需求火爆，预订量接近20万辆\n据报道，福特汽车证实，首款电动皮卡F150 Lightning目前零售预订量已经接近20万辆。F-150 Lightning自今年9月以来一直处于试生产阶段，根据计划，将于2022年春季正式上市，预计在2022年下半年交付。\n英特尔CEO：供应链问题将持续至2023年\n英特尔和埃森哲CEO表示，对一些公司来说，波及整个美国经济的供应链问题正在改善，但长期修复可能需要更多时间。芯片业巨头英特尔身处全球半导体短缺的风暴中心，该公司CEO基辛格预计供应链问题将持续到2023年，部分是因为建造一家新厂需要三年时间。基辛格说：“我们认为当前正是最糟糕的阶段。”\n游戏驿站Q3净亏损同比扩大，盘后一度跌逾7%\n财报显示，第三季度营收12.97亿美元，市场预期11.89亿美元，去年同期10.05亿美元；第三季度净亏损1.054亿美元，市场预期净亏损3213.3万美元，去年同期1880万美元；第三季度每股亏损1.39美元，市场预期亏损0.4美元，去年同期亏损0.29美元。\nUiPath 2022财年第三季度净亏损同比扩大\n财报显示，第三季度营收2.21亿美元，市场预期2.09亿美元，去年同期1.47亿美元；第三季度净亏损1.23亿美元，市场预期净亏损6258.2万美元，去年同期净亏损7079.6万美元；第三季度每股亏损0.23美元，市场预期亏损0.14美元，去年同期亏损0.41美元。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"AAPL":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608006371,"gmtCreate":1638578114188,"gmtModify":1638578114188,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Alamak","listText":"Alamak","text":"Alamak","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608006371","repostId":"1177965649","repostType":2,"isVote":1,"tweetType":1,"viewCount":3436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601335635,"gmtCreate":1638490552726,"gmtModify":1638490552726,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601335635","repostId":"2188103955","repostType":2,"isVote":1,"tweetType":1,"viewCount":2882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603620769,"gmtCreate":1638406689235,"gmtModify":1638406689402,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"OMG","listText":"OMG","text":"OMG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603620769","repostId":"1190086028","repostType":2,"isVote":1,"tweetType":1,"viewCount":3379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609935956,"gmtCreate":1638230397667,"gmtModify":1638230397817,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609935956","repostId":"2187306590","repostType":2,"isVote":1,"tweetType":1,"viewCount":2885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875149975,"gmtCreate":1637627787725,"gmtModify":1637627787823,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875149975","repostId":"2185478805","repostType":2,"isVote":1,"tweetType":1,"viewCount":2973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872225805,"gmtCreate":1637540496523,"gmtModify":1637540496617,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872225805","repostId":"2185829567","repostType":2,"repost":{"id":"2185829567","kind":"highlight","pubTimestamp":1637530612,"share":"https://www.laohu8.com/m/news/2185829567?lang=zh_CN&edition=full","pubTime":"2021-11-22 05:36","market":"us","language":"zh","title":"外媒头条：美联储或考虑加快步伐缩减购债规模","url":"https://stock-news.laohu8.com/highlight/detail?id=2185829567","media":"市场资讯","summary":"　　短短几周前，美联储刚刚制定了计划，要有条不紊地缩减其庞大的购债规模，如今，这家美国央行似乎已打算考虑加快步伐。　　三位决策者——副主席Richard Clarida、理事Christopher Waller和圣路易斯联储行长James Bullard——上周暗示，联邦公开市场委员会于12月14-15日开会时，可能会讨论加快减码的话题。“在该次会议上，讨论更大幅度缩减购债可能是合适的。”　　他在旧金山联储的一个会议上表示，美国经济通胀存在“上行风险”。","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、决策者上周齐齐发声 美联储可能会考虑加快步伐缩减购债规模</b>\n</blockquote>\n<blockquote>\n <b>2、通胀升至十年高位 英国央行行长担忧通胀将“持续升高更长时间”</b>\n</blockquote>\n<blockquote>\n <b>3、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>发内部信：员工有权自由讨论工资和工作条件</b>\n</blockquote>\n<blockquote>\n <b>4、分道扬镳 福特与Rivian取消联合开发电动汽车的计划</b>\n</blockquote>\n<blockquote>\n <b>5、美国基金KKR据悉斥资120亿美元将<a href=\"https://laohu8.com/S/TI\">意大利电信</a>私有化</b>\n</blockquote>\n<blockquote>\n <b>6、美联储主席人选的不确定性将阻碍抑制通胀的行动</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/739dac624ba2619ebd6a88acd0ab674e\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>决策者上周齐齐发声 美联储可能会考虑加快步伐缩减购债规模</b></p>\n<p>短短几周前，美联储刚刚制定了计划，要有条不紊地缩减其庞大的购债规模，如今，这家美国央行似乎已打算考虑加快步伐。</p>\n<p>三位决策者——副主席Richard Clarida、理事Christopher Waller和圣路易斯联储行长James Bullard——上周暗示，联邦公开市场委员会（FOMC）于12月14-15日开会时，可能会讨论加快减码的话题。</p>\n<p>“我会密切关注从现在起到12月会议之间的数据，”Clarida上周五表示。 “在该次会议上，讨论更大幅度缩减购债可能是合适的。”</p>\n<p>他在旧金山联储的一个会议上表示，美国经济通胀存在“上行风险”。</p>\n<p><img src=\"https://static.tigerbbs.com/81188e6313dd9fe22394f0a29845c370\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>通胀升至十年高位 英国央行行长担忧通胀将“持续升高更长时间”</b></p>\n<p>英国央行行长安德鲁·贝利（Andrew Bailey） 表示，他对通胀前景的担忧是，通胀可能会“升高更长时间”，但通胀也有可能不会像人们担心的那样持久。</p>\n<p>本月早些时候，英国央行预测通胀将在明年第二季度达到5% 左右，是官方目标的两倍多，原因是能源价格飙升和随着世界摆脱新冠肺炎疫情而出现供应瓶颈。</p>\n<p>贝利表示，他对通胀前景感到非常不安，他在 11 月 4 日投票决定维持利率不变，这是一次非常接近的决定。</p>\n<p>在贝利在 10 月底发表评论后，英国央行没有将利率从 0.1% 的历史低位上调，这让许多投资者措手不及，市场将其解读为即将加息的信号。</p>\n<p><img src=\"https://static.tigerbbs.com/5d68ec81ffd8b31cf7e1815cafeadf55\" tg-width=\"550\" tg-height=\"412\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>苹果发内部信：员工有权自由讨论工资和工作条件</b></p>\n<p>上周五，苹果公司向员工发出了一封令人惊讶的内部信：提醒员工可以自由讨论薪酬、工作时间和工作条件。</p>\n<p>该通知发出之际，一些员工敦促苹果采取更多措施，以确保公司内部不存在薪酬差异。</p>\n<p>根据媒体看到的这封信的副本，苹果公司在内部网站上的一篇帖子中表示，其政策不会阻止员工“畅所欲言”地谈论工作环境。</p>\n<p>“我们鼓励任何有顾虑的员工以他们觉得最舒服的方式提出问题，无论是内部还是外部，”帖子说。</p>\n<p>苹果的公司行为政策已经规定，不限制员工讨论薪水、工作时间和工作条件。</p>\n<p>苹果此前曾表示，它不会讨论具体的员工事务，并且“坚定地致力于创造和维护一个积极和包容的工作场所”。</p>\n<p><img src=\"https://static.tigerbbs.com/09d003c5a63a8280a59322d65cdca153\" tg-width=\"550\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>分道扬镳 福特与Rivian取消联合开发电动汽车的计划</b></p>\n<p><a href=\"https://laohu8.com/S/F\">福特汽车</a>和 Rivian两家公司证实，不再计划共同开发电动汽车。</p>\n<p>福特汽车 2019 年向 Rivian 投资 5 亿美元时，两家公司最初宣布将开发一款联合汽车。他们表示，这将用于福特的<a href=\"https://laohu8.com/S/DLX\">豪华</a>林肯品牌，然后在去年取消了这一计划。福特当时表示，汽车制造商仍将寻求其他合作机会。</p>\n<p>福特发言人表示，这些计划现在也已被取消。他表示，该公司继续与 Rivian 保持联系，其中包括持有后者 12% 的股份。自11月10日上市以来，Rivian的市值已膨胀至约1100亿美元，超过了118年历史的福特，截止至11月19日美股收盘，福特市值约为774亿美元。这一股份的价值超过 100 亿美元。</p>\n<p>现在市值远高于福特的 Rivian 确认终止计划。</p>\n<p><img src=\"https://static.tigerbbs.com/ee1cd55996876b265c560cd61a238736\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美国基金KKR据悉斥资120亿美元将<a href=\"https://laohu8.com/S/TI.A\">意大利电信</a>私有化</b></p>\n<p><a href=\"https://laohu8.com/S/0H6I.UK\">意大利电信</a> （TIM） 周日表示，其董事会已经审查了美国基金KKR 的一项非约束性提案，该提案旨在将意大利最大的电话集团私有化，该集团估值为 108 亿欧元（120 亿美元）。</p>\n<p>KKR 的提议将比 TIM 周五普通股的收盘价溢价 45.7%。</p>\n<p>去年，Gubitosi 以 18 亿欧元的价格引入了 KKR，使得KKR基金获得了 FiberCop 37.5% 的股份。</p>\n<p>TIM 的固网业务是其最宝贵的资产，被视为具有战略意义的业务。</p>\n<p>消息人士称，意大利政府意识到有必要在需要加大投资并保护其 42500 名家政工人的时候支持这个负债累累的集团。</p>\n<p><img src=\"https://static.tigerbbs.com/3c550703af2b370354d58f9e68c0a3b8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美联储主席人选的不确定性将阻碍抑制通胀的行动</b></p>\n<p>美国参议院一民主党人表示，由谁来执掌美联储的不确定性限制了遏制美国通胀的行动，并敦促总统乔拜登重新提名美联储主席杰罗姆鲍威尔连任。</p>\n<p>蒙大拿州参议员乔恩·泰斯特周日表示：“我认为我们有一些围绕通胀的问题需要解决”，鲍威尔“需要被任命”。</p>\n<p>“我们需要确认他。我认为如果总统任命他（鲍威尔），然后他就可以担任美联储主席，像过去那样做好工作。”</p>\n<p>此前有报道称，拜登已经为这份工作分别会见了鲍威尔和美联储理事布雷纳德，预计他将在感恩节前做出决定。</p>","source":"sina_us","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>外媒头条：美联储或考虑加快步伐缩减购债规模</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\">\n外媒头条：美联储或考虑加快步伐缩减购债规模\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 05:36 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-11-22/doc-iktzscyy6951219.shtml><strong>市场资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、决策者上周齐齐发声 美联储可能会考虑加快步伐缩减购债规模\n\n\n2、通胀升至十年高位 英国央行行长担忧通胀将“持续升高更长时间”\n\n\n3、苹果发内部信：员工有权自由讨论工资和工作条件\n\n\n4、分道扬镳 福特与Rivian取消联合开发电动汽车的计划\n\n\n5、美国基金KKR据悉斥资120亿美元将意大利电信私有化\n\n\n6、美联储主席人选的不确定性将阻碍...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-11-22/doc-iktzscyy6951219.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/739dac624ba2619ebd6a88acd0ab674e","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","UPRO":"三倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","BK4534":"瑞士信贷持仓","SPY":"标普500ETF","IVV":"标普500ETF-iShares","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SH":"做空标普500-Proshares","DDM":"2倍做多道指ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares","BK4504":"桥水持仓",".SPX":"S&P 500 Index","SDOW":"三倍做空道指30ETF-ProShares","BK4559":"巴菲特持仓","OEX":"标普100","BK4550":"红杉资本持仓","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-11-22/doc-iktzscyy6951219.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185829567","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、决策者上周齐齐发声 美联储可能会考虑加快步伐缩减购债规模\n\n\n2、通胀升至十年高位 英国央行行长担忧通胀将“持续升高更长时间”\n\n\n3、苹果发内部信：员工有权自由讨论工资和工作条件\n\n\n4、分道扬镳 福特与Rivian取消联合开发电动汽车的计划\n\n\n5、美国基金KKR据悉斥资120亿美元将意大利电信私有化\n\n\n6、美联储主席人选的不确定性将阻碍抑制通胀的行动\n\n\n决策者上周齐齐发声 美联储可能会考虑加快步伐缩减购债规模\n短短几周前，美联储刚刚制定了计划，要有条不紊地缩减其庞大的购债规模，如今，这家美国央行似乎已打算考虑加快步伐。\n三位决策者——副主席Richard Clarida、理事Christopher Waller和圣路易斯联储行长James Bullard——上周暗示，联邦公开市场委员会（FOMC）于12月14-15日开会时，可能会讨论加快减码的话题。\n“我会密切关注从现在起到12月会议之间的数据，”Clarida上周五表示。 “在该次会议上，讨论更大幅度缩减购债可能是合适的。”\n他在旧金山联储的一个会议上表示，美国经济通胀存在“上行风险”。\n\n通胀升至十年高位 英国央行行长担忧通胀将“持续升高更长时间”\n英国央行行长安德鲁·贝利（Andrew Bailey） 表示，他对通胀前景的担忧是，通胀可能会“升高更长时间”，但通胀也有可能不会像人们担心的那样持久。\n本月早些时候，英国央行预测通胀将在明年第二季度达到5% 左右，是官方目标的两倍多，原因是能源价格飙升和随着世界摆脱新冠肺炎疫情而出现供应瓶颈。\n贝利表示，他对通胀前景感到非常不安，他在 11 月 4 日投票决定维持利率不变，这是一次非常接近的决定。\n在贝利在 10 月底发表评论后，英国央行没有将利率从 0.1% 的历史低位上调，这让许多投资者措手不及，市场将其解读为即将加息的信号。\n\n苹果发内部信：员工有权自由讨论工资和工作条件\n上周五，苹果公司向员工发出了一封令人惊讶的内部信：提醒员工可以自由讨论薪酬、工作时间和工作条件。\n该通知发出之际，一些员工敦促苹果采取更多措施，以确保公司内部不存在薪酬差异。\n根据媒体看到的这封信的副本，苹果公司在内部网站上的一篇帖子中表示，其政策不会阻止员工“畅所欲言”地谈论工作环境。\n“我们鼓励任何有顾虑的员工以他们觉得最舒服的方式提出问题，无论是内部还是外部，”帖子说。\n苹果的公司行为政策已经规定，不限制员工讨论薪水、工作时间和工作条件。\n苹果此前曾表示，它不会讨论具体的员工事务，并且“坚定地致力于创造和维护一个积极和包容的工作场所”。\n\n分道扬镳 福特与Rivian取消联合开发电动汽车的计划\n福特汽车和 Rivian两家公司证实，不再计划共同开发电动汽车。\n福特汽车 2019 年向 Rivian 投资 5 亿美元时，两家公司最初宣布将开发一款联合汽车。他们表示，这将用于福特的豪华林肯品牌，然后在去年取消了这一计划。福特当时表示，汽车制造商仍将寻求其他合作机会。\n福特发言人表示，这些计划现在也已被取消。他表示，该公司继续与 Rivian 保持联系，其中包括持有后者 12% 的股份。自11月10日上市以来，Rivian的市值已膨胀至约1100亿美元，超过了118年历史的福特，截止至11月19日美股收盘，福特市值约为774亿美元。这一股份的价值超过 100 亿美元。\n现在市值远高于福特的 Rivian 确认终止计划。\n\n美国基金KKR据悉斥资120亿美元将意大利电信私有化\n意大利电信 （TIM） 周日表示，其董事会已经审查了美国基金KKR 的一项非约束性提案，该提案旨在将意大利最大的电话集团私有化，该集团估值为 108 亿欧元（120 亿美元）。\nKKR 的提议将比 TIM 周五普通股的收盘价溢价 45.7%。\n去年，Gubitosi 以 18 亿欧元的价格引入了 KKR，使得KKR基金获得了 FiberCop 37.5% 的股份。\nTIM 的固网业务是其最宝贵的资产，被视为具有战略意义的业务。\n消息人士称，意大利政府意识到有必要在需要加大投资并保护其 42500 名家政工人的时候支持这个负债累累的集团。\n\n美联储主席人选的不确定性将阻碍抑制通胀的行动\n美国参议院一民主党人表示，由谁来执掌美联储的不确定性限制了遏制美国通胀的行动，并敦促总统乔拜登重新提名美联储主席杰罗姆鲍威尔连任。\n蒙大拿州参议员乔恩·泰斯特周日表示：“我认为我们有一些围绕通胀的问题需要解决”，鲍威尔“需要被任命”。\n“我们需要确认他。我认为如果总统任命他（鲍威尔），然后他就可以担任美联储主席，像过去那样做好工作。”\n此前有报道称，拜登已经为这份工作分别会见了鲍威尔和美联储理事布雷纳德，预计他将在感恩节前做出决定。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"QLD":0.9,"SDS":0.9,"DXD":0.9,"UPRO":0.9,"SH":0.9,"NQmain":0.9,"DOG":0.9,"IVV":0.9,"DDM":0.9,"SPXU":0.9,".DJI":0.9,"SSO":0.9,"UDOW":0.9,"OEF":0.9,"SQQQ":0.9,"QID":0.9,"QQQ":0.9,".SPX":0.9,"MNQmain":0.9,"SDOW":0.9,"OEX":0.9,"PSQ":0.9,"DJX":0.9,"SPY":0.9,".IXIC":0.9,"ESmain":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876184577,"gmtCreate":1637282830119,"gmtModify":1637282830175,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876184577","repostId":"2184889253","repostType":2,"repost":{"id":"2184889253","kind":"highlight","pubTimestamp":1637271832,"share":"https://www.laohu8.com/m/news/2184889253?lang=zh_CN&edition=full","pubTime":"2021-11-19 05:43","market":"us","language":"zh","title":"外媒头条：苹果汽车最快四年后问世！据称瞄准全自动驾驶","url":"https://stock-news.laohu8.com/highlight/detail?id=2184889253","media":"新浪美股","summary":"　　亿万富翁对冲基金投资者阿克曼周四表示，美联储的超宽松货币政策创造了“经典泡沫”，他认为美联储将需要更快地收紧政策以对抗通胀。　　“我们正处于由美联储推动的典型泡沫中，”冲基金潘兴广场资本管理公司创始人兼CEO阿克曼表示。　　最新数据显示，美国10月份消费者价格飙升6.2%，创下1990年11月以来最高点。　　阿克曼表示，通胀是他的对冲基金今年面临的最大风险，并预计美联储将不得不很快加息。","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、阿克曼：美国面临美联储宽松货币政策助长的“经典泡沫”</b>\n</blockquote>\n<blockquote>\n <b>2、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>着眼攻克行业难关推出全自动驾驶汽车 据悉近期突破关键里程碑</b>\n</blockquote>\n<blockquote>\n <b>3、比尔·盖茨：明年新冠肺炎死亡率和感染率将低于流感</b>\n</blockquote>\n<blockquote>\n <b>4、美国通胀大潮波及网上购物 曾经的折扣天堂也难以幸免</b>\n</blockquote>\n<blockquote>\n <b>5、<a href=\"https://laohu8.com/S/GS\">高盛</a>资产管理预计脱欧影响将迫使英国央行率先其他央行加息</b>\n</blockquote>\n<blockquote>\n <b>6、<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>在美国召回7600辆汽车：安全气囊存在隐患</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/6dd1ef87596fa868755d2ee411181f5d\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p><b>阿克曼：美国面临美联储宽松货币政策助长的“经典泡沫”</b></p>\n<p>亿万富翁对冲基金投资者阿克曼（William Ackman）周四表示，美联储的超宽松货币政策创造了“经典泡沫”，他认为美联储将需要更快地收紧政策以对抗通胀。</p>\n<p>“我们正处于由美联储推动的典型泡沫中，”冲基金潘兴广场资本管理公司（Pershing Square Capital Management）创始人兼CEO阿克曼表示。</p>\n<p>最新数据显示，美国10月份消费者价格飙升6.2%，创下1990年11月以来最高点。</p>\n<p>“每个指标都在闪烁红色警报，”阿克曼说，他提到了房地产、艺术品市场和股票市场的价格飙升。</p>\n<p>阿克曼表示，通胀是他的对冲基金今年面临的最大风险，并预计美联储将不得不很快加息。</p>\n<p><img src=\"https://static.tigerbbs.com/ca6c287884e368a1cc9cd335422dc690\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a>着眼攻克行业难关推出全自动驾驶汽车 据悉近期突破关键里程碑</b></p>\n<p>知情人士透露，苹果公司力争加快电动汽车研发速度，重新将项目重点放到全自动驾驶能力方面，致力于解决困扰整个汽车产业的技术挑战。</p>\n<p>过去几年，苹果公司的汽车团队一并探索了两条路径：研发一款拥有有限自动驾驶能力的车型，专注于转向和加速，与目前许多汽车相仿；亦或是打造一款配备全自动驾驶能力的车型，无需人类参与。</p>\n<p>在新的带头人--苹果手表软件主管Kevin Lynch--的领导下，现在工程师们重点关注第二条路径。知情人士称，Lynch希望首款车型配备全自动驾驶系统。因此事未公开，知情人士要求匿名。</p>\n<p>苹果内部设定的目标是在四年内推出自动驾驶汽车，比今年早些时候一些工程师所计划的五至七年更快。但是时间无法确定，能否实现2025年推出汽车的目标取决于公司是否有能力完成自动驾驶系统，而这是一项艰巨的任务。如果苹果无法实现目标，可能推迟发布，或是先发布一款技术能力较弱的车型。</p>\n<p><img src=\"https://static.tigerbbs.com/64b864f042b5359a9029960976c33ac2\" tg-width=\"550\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p><b>比尔·盖茨：明年新冠肺炎死亡率和感染率将低于流感</b></p>\n<p><a href=\"https://laohu8.com/S/MSFT\">微软</a>联合创始人比尔·盖茨（Bill Gates）称，在不出现新变种的前提下，到明年年中，新冠肺炎导致的死亡率和感染率可能会降至低于流感的水平。</p>\n<p>盖茨在新加坡参加一场经济论坛时表示，在自然免疫和疫苗免疫，以及新兴的口服疗法的帮助下，新冠肺炎导致的死亡率和发病率应该会大幅下降。</p>\n<p>盖茨还称，明年全球接种新冠肺炎疫苗的限制将发生变化，因为供应问题即将得到解决，取而代之的是物流问题，即如何分发所有的疫苗。</p>\n<p>盖茨在接受采访时表示：“疫苗方面是一个非常好的消息，到明年年中，供应限制将在很大程度上得到解决。之后，我们将面临物流和需求方面的问题。”</p>\n<p><img src=\"https://static.tigerbbs.com/fc39b92b302433d3983c63c9084806a3\" tg-width=\"550\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p>\n<p><b>美国通胀大潮波及网上购物 曾经的折扣天堂也难以幸免</b></p>\n<p>随着美国经济从疫情中复苏，曾经是折扣和便宜商品天堂的电子商务却已成为稳定的通胀来源。</p>\n<p>根据软件公司<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>&nbsp;Inc．的数据，10月在线物价同比上涨1.9%，环比上涨0.9%。这是<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>数字物价指数连续第17个月上涨，此前则连跌超过六年。</p>\n<p>假日购物季开始时——零售商通常这个时候会打折以促进销售——出现物价上涨是美国通胀有多普遍的另一个迹象。</p>\n<p>Adobe预计，这个假日季消费者每4美元中就会有1美元花在网上。</p>\n<p>“随着电子商务在整体零售中占据更大的份额，这种定价趋势已成为更重要的对消费者的净影响指标，”Adobe分析师Vivek Pandya在一份报告中表示。</p>\n<p><img src=\"https://static.tigerbbs.com/7c4a5914832b0f619a1eda4378ebc7e3\" tg-width=\"550\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p>\n<p><b><a href=\"https://laohu8.com/S/GS\">高盛</a>资产管理预计脱欧影响将迫使英国央行率先其他央行加息</b></p>\n<p>高盛资产管理表示，由英国脱欧引起的劳动力短缺可能意味着英国央行会比其他主要央行更早加息。</p>\n<p>该机构做空英国国债，预计英国央行将于下月加息，到2022年6月前再进一步加息两次。该机构还做空英镑，因英国和欧盟之间的贸易可能进一步受到干扰。</p>\n<p>“英国脱欧的影响主要体现在劳动力供应方面，”高盛资产管理的全球固定收益投资组合经理Hugh <a href=\"https://laohu8.com/S/BGP.AU\">Briscoe</a>通过电邮表示。“虽说是全球性问题，但英国走出疫情之际，正在面临尤为严重的劳动力短缺。”</p>\n<p>“即使在我们认为所消化的未来一年货币紧缩程度过大的市场，我们也对增持敞口保持谨慎，因为随着我们逐步接近加息周期，波动性增强的空间有所放大，”<a href=\"https://laohu8.com/S/BGP.AU\">Briscoe</a>表示。“我们认为英国的曲线过于平坦，但是错位的情况短期之内可能会持续。”</p>\n<p><img src=\"https://static.tigerbbs.com/7b06f80a7c76e9762dfb27a01c005063\" tg-width=\"550\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p>\n<p><b><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>在美国召回7600辆汽车：安全气囊存在隐患</b></p>\n<p>美国国家公路交通安全管理局（NHTSA）宣布，特斯拉将在美国召回7600辆电动汽车，原因是司机的安全气囊缓冲在部署过程中可能会破裂。</p>\n<p>NHTSA称，驾驶员座位的安全气囊可能在展开时撕裂，导致无法在碰撞发生中充分保护驾驶员，并增加受伤的风险。</p>\n<p>文件显示显示，此次召回涉及部分2021年生产的Model X和Model S车型。</p>\n<p>今年2月，特斯拉曾宣布，将召回134951辆Model S和Model X电动汽车。这些车辆的触摸屏系统存在问题，可能导致摄像头图像消失，挡风玻璃除雾和除霜系统失灵，从而降低司机在恶劣天气下的能见度。</p>","source":"highlight_sina","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>外媒头条：苹果汽车最快四年后问世！据称瞄准全自动驾驶</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\">\n外媒头条：苹果汽车最快四年后问世！据称瞄准全自动驾驶\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 05:43 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-11-19/doc-iktzscyy6409060.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、阿克曼：美国面临美联储宽松货币政策助长的“经典泡沫”\n\n\n2、苹果着眼攻克行业难关推出全自动驾驶汽车 据悉近期突破关键里程碑\n\n\n3、比尔·盖茨：明年新冠肺炎死亡率和感染率将低于流感\n\n\n4、美国通胀大潮波及网上购物 曾经的折扣天堂也难以幸免\n\n\n5、高盛资产管理预计脱欧影响将迫使英国央行率先其他央行加息\n\n\n6、特斯拉在美国召回7600辆汽车...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-11-19/doc-iktzscyy6409060.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6dd1ef87596fa868755d2ee411181f5d","relate_stocks":{"AAPL":"苹果",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-11-19/doc-iktzscyy6409060.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2184889253","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、阿克曼：美国面临美联储宽松货币政策助长的“经典泡沫”\n\n\n2、苹果着眼攻克行业难关推出全自动驾驶汽车 据悉近期突破关键里程碑\n\n\n3、比尔·盖茨：明年新冠肺炎死亡率和感染率将低于流感\n\n\n4、美国通胀大潮波及网上购物 曾经的折扣天堂也难以幸免\n\n\n5、高盛资产管理预计脱欧影响将迫使英国央行率先其他央行加息\n\n\n6、特斯拉在美国召回7600辆汽车：安全气囊存在隐患\n\n\n阿克曼：美国面临美联储宽松货币政策助长的“经典泡沫”\n亿万富翁对冲基金投资者阿克曼（William Ackman）周四表示，美联储的超宽松货币政策创造了“经典泡沫”，他认为美联储将需要更快地收紧政策以对抗通胀。\n“我们正处于由美联储推动的典型泡沫中，”冲基金潘兴广场资本管理公司（Pershing Square Capital Management）创始人兼CEO阿克曼表示。\n最新数据显示，美国10月份消费者价格飙升6.2%，创下1990年11月以来最高点。\n“每个指标都在闪烁红色警报，”阿克曼说，他提到了房地产、艺术品市场和股票市场的价格飙升。\n阿克曼表示，通胀是他的对冲基金今年面临的最大风险，并预计美联储将不得不很快加息。\n\n苹果着眼攻克行业难关推出全自动驾驶汽车 据悉近期突破关键里程碑\n知情人士透露，苹果公司力争加快电动汽车研发速度，重新将项目重点放到全自动驾驶能力方面，致力于解决困扰整个汽车产业的技术挑战。\n过去几年，苹果公司的汽车团队一并探索了两条路径：研发一款拥有有限自动驾驶能力的车型，专注于转向和加速，与目前许多汽车相仿；亦或是打造一款配备全自动驾驶能力的车型，无需人类参与。\n在新的带头人--苹果手表软件主管Kevin Lynch--的领导下，现在工程师们重点关注第二条路径。知情人士称，Lynch希望首款车型配备全自动驾驶系统。因此事未公开，知情人士要求匿名。\n苹果内部设定的目标是在四年内推出自动驾驶汽车，比今年早些时候一些工程师所计划的五至七年更快。但是时间无法确定，能否实现2025年推出汽车的目标取决于公司是否有能力完成自动驾驶系统，而这是一项艰巨的任务。如果苹果无法实现目标，可能推迟发布，或是先发布一款技术能力较弱的车型。\n\n比尔·盖茨：明年新冠肺炎死亡率和感染率将低于流感\n微软联合创始人比尔·盖茨（Bill Gates）称，在不出现新变种的前提下，到明年年中，新冠肺炎导致的死亡率和感染率可能会降至低于流感的水平。\n盖茨在新加坡参加一场经济论坛时表示，在自然免疫和疫苗免疫，以及新兴的口服疗法的帮助下，新冠肺炎导致的死亡率和发病率应该会大幅下降。\n盖茨还称，明年全球接种新冠肺炎疫苗的限制将发生变化，因为供应问题即将得到解决，取而代之的是物流问题，即如何分发所有的疫苗。\n盖茨在接受采访时表示：“疫苗方面是一个非常好的消息，到明年年中，供应限制将在很大程度上得到解决。之后，我们将面临物流和需求方面的问题。”\n\n美国通胀大潮波及网上购物 曾经的折扣天堂也难以幸免\n随着美国经济从疫情中复苏，曾经是折扣和便宜商品天堂的电子商务却已成为稳定的通胀来源。\n根据软件公司Adobe Inc．的数据，10月在线物价同比上涨1.9%，环比上涨0.9%。这是Adobe数字物价指数连续第17个月上涨，此前则连跌超过六年。\n假日购物季开始时——零售商通常这个时候会打折以促进销售——出现物价上涨是美国通胀有多普遍的另一个迹象。\nAdobe预计，这个假日季消费者每4美元中就会有1美元花在网上。\n“随着电子商务在整体零售中占据更大的份额，这种定价趋势已成为更重要的对消费者的净影响指标，”Adobe分析师Vivek Pandya在一份报告中表示。\n\n高盛资产管理预计脱欧影响将迫使英国央行率先其他央行加息\n高盛资产管理表示，由英国脱欧引起的劳动力短缺可能意味着英国央行会比其他主要央行更早加息。\n该机构做空英国国债，预计英国央行将于下月加息，到2022年6月前再进一步加息两次。该机构还做空英镑，因英国和欧盟之间的贸易可能进一步受到干扰。\n“英国脱欧的影响主要体现在劳动力供应方面，”高盛资产管理的全球固定收益投资组合经理Hugh Briscoe通过电邮表示。“虽说是全球性问题，但英国走出疫情之际，正在面临尤为严重的劳动力短缺。”\n“即使在我们认为所消化的未来一年货币紧缩程度过大的市场，我们也对增持敞口保持谨慎，因为随着我们逐步接近加息周期，波动性增强的空间有所放大，”Briscoe表示。“我们认为英国的曲线过于平坦，但是错位的情况短期之内可能会持续。”\n\n特斯拉在美国召回7600辆汽车：安全气囊存在隐患\n美国国家公路交通安全管理局（NHTSA）宣布，特斯拉将在美国召回7600辆电动汽车，原因是司机的安全气囊缓冲在部署过程中可能会破裂。\nNHTSA称，驾驶员座位的安全气囊可能在展开时撕裂，导致无法在碰撞发生中充分保护驾驶员，并增加受伤的风险。\n文件显示显示，此次召回涉及部分2021年生产的Model X和Model S车型。\n今年2月，特斯拉曾宣布，将召回134951辆Model S和Model X电动汽车。这些车辆的触摸屏系统存在问题，可能导致摄像头图像消失，挡风玻璃除雾和除霜系统失灵，从而降低司机在恶劣天气下的能见度。","news_type":1,"symbols_score_info":{".DJI":0.9,"AAPL":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878281363,"gmtCreate":1637197447071,"gmtModify":1637197447071,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Pump and dump","listText":"Pump and dump","text":"Pump and dump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878281363","repostId":"1115787772","repostType":2,"repost":{"id":"1115787772","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637193439,"share":"https://www.laohu8.com/m/news/1115787772?lang=zh_CN&edition=full","pubTime":"2021-11-18 07:57","market":"sh","language":"zh","title":"昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨","url":"https://stock-news.laohu8.com/highlight/detail?id=1115787772","media":"老虎资讯综合","summary":"摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调","content":"<blockquote>\n 摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n</blockquote>\n<p>海外市场</p>\n<p>1、道指收跌0.58%！抗疫概念股逆市大涨</p>\n<p>大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。</p>\n<p>美股抗疫概念股逆市大涨，<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>涨超7%，NioNTech涨超5%，Moderna涨超3%。</p>\n<p>2、热门中概股周三收盘多数走低 <a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%</p>\n<p>热门中概股周三收盘多数走低，<a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%，三季度营收及净亏损均差于预期。</p>\n<p>其他中概股方面，<a href=\"https://laohu8.com/S/ZME\">掌门教育</a>涨超38%，雾芯科技涨超3%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超2%，<a href=\"https://laohu8.com/S/NTES\">网易</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超1%；<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌近9%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>跌近8%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌超4%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌超3%，携程跌2%。</p>\n<p>新能源汽车股中，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌超3%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超2%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>跌近2%。</p>\n<p>3、欧股主要指数涨跌互现 <a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数跌0.49%</p>\n<p>欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。</p>\n<p>4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价</p>\n<p>据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。</p>\n<p>最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。</p>\n<p>5、黄金期货周三收高0.9% 创6月以来最高收盘价</p>\n<p>通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。</p>\n<p>国际宏观</p>\n<p>1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查</p>\n<p>美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。</p>\n<p>在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”</p>\n<p>拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。</p>\n<p>2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险</p>\n<p>美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。</p>\n<p>3、伊朗南部一输油管道发生爆炸，周围地区有震感</p>\n<p>据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。</p>\n<p>4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”</p>\n<p>据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”</p>\n<p>默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。</p>\n<p>5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度</p>\n<p>美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。</p>\n<p>6、欧洲央行官员再强调2022年不会加息</p>\n<p>欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。</p>\n<p>公司新闻</p>\n<p>1、<a href=\"https://laohu8.com/S/QCOM\">高通</a>宣布2023年推出下一代Arm处理器：对标<a href=\"https://laohu8.com/S/AAPL\">苹果</a>M系列</p>\n<p>11 月17日消息，<a href=\"https://laohu8.com/S/QCOM\">高通</a>正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。</p>\n<p>2、<a href=\"https://laohu8.com/NW/2184851022\" target=\"_blank\"><b>英伟达收入、利润、指引均超预期，盘后股价涨超5%</b></a></p>\n<p>周三美股盘后，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。</p>\n<p>3、<a href=\"https://laohu8.com/NW/1141324420\" target=\"_blank\">百度第三季度营收319亿元 同比增长13%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BIDU\">百度</a>发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。</p>\n<p>4、<a href=\"https://laohu8.com/NW/1156795857\" target=\"_blank\">B站三季度营收52.1亿元 同比增61%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。</p>\n<p>5、<a href=\"https://laohu8.com/NW/1170717496\" target=\"_blank\">财报不及预期 周三爱奇艺股价大跌17.23%</a></p>\n<p>美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。</p>\n<p>爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。</p>\n<p>爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。</p>\n<p>6、<a href=\"https://laohu8.com/NW/2184833903\" target=\"_blank\">IBM公布迄今全球最大超导量子计算机，含127个量子比特</a></p>\n<p>11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。</p>\n<p>但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。</p>\n<p>7、<a href=\"https://laohu8.com/NW/2184874856\" target=\"_blank\">阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查</a></p>\n<p>名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。</p>\n<p>这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>和AMC。</p>\n<p>8、<a href=\"https://laohu8.com/NW/2184859697\" target=\"_blank\">德国初创车企Sono上市首日暴涨，盘后再涨逾20%</a></p>\n<p>周三（11月17日），德国<a href=\"https://laohu8.com/S/000591\">太阳能</a>汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。</p>\n<p>9、<a href=\"https://laohu8.com/NW/2184561852\" target=\"_blank\">思科财报不及预期，盘后股价一度跌近7%</a></p>\n<p>美东时间11月17日（周三）美股盘后，<a href=\"https://laohu8.com/S/CSCO\">思科</a>公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。</p>\n<p>10、<a href=\"https://laohu8.com/NW/2184585820\" target=\"_blank\">郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E</a></p>\n<p>苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。</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>昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨</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\">\n昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-11-18 07:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n</blockquote>\n<p>海外市场</p>\n<p>1、道指收跌0.58%！抗疫概念股逆市大涨</p>\n<p>大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。</p>\n<p>美股抗疫概念股逆市大涨，<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>涨超7%，NioNTech涨超5%，Moderna涨超3%。</p>\n<p>2、热门中概股周三收盘多数走低 <a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%</p>\n<p>热门中概股周三收盘多数走低，<a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%，三季度营收及净亏损均差于预期。</p>\n<p>其他中概股方面，<a href=\"https://laohu8.com/S/ZME\">掌门教育</a>涨超38%，雾芯科技涨超3%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超2%，<a href=\"https://laohu8.com/S/NTES\">网易</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超1%；<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌近9%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>跌近8%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌超4%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌超3%，携程跌2%。</p>\n<p>新能源汽车股中，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌超3%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超2%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>跌近2%。</p>\n<p>3、欧股主要指数涨跌互现 <a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数跌0.49%</p>\n<p>欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。</p>\n<p>4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价</p>\n<p>据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。</p>\n<p>最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。</p>\n<p>5、黄金期货周三收高0.9% 创6月以来最高收盘价</p>\n<p>通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。</p>\n<p>国际宏观</p>\n<p>1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查</p>\n<p>美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。</p>\n<p>在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”</p>\n<p>拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。</p>\n<p>2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险</p>\n<p>美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。</p>\n<p>3、伊朗南部一输油管道发生爆炸，周围地区有震感</p>\n<p>据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。</p>\n<p>4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”</p>\n<p>据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”</p>\n<p>默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。</p>\n<p>5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度</p>\n<p>美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。</p>\n<p>6、欧洲央行官员再强调2022年不会加息</p>\n<p>欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。</p>\n<p>公司新闻</p>\n<p>1、<a href=\"https://laohu8.com/S/QCOM\">高通</a>宣布2023年推出下一代Arm处理器：对标<a href=\"https://laohu8.com/S/AAPL\">苹果</a>M系列</p>\n<p>11 月17日消息，<a href=\"https://laohu8.com/S/QCOM\">高通</a>正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。</p>\n<p>2、<a href=\"https://laohu8.com/NW/2184851022\" target=\"_blank\"><b>英伟达收入、利润、指引均超预期，盘后股价涨超5%</b></a></p>\n<p>周三美股盘后，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。</p>\n<p>3、<a href=\"https://laohu8.com/NW/1141324420\" target=\"_blank\">百度第三季度营收319亿元 同比增长13%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BIDU\">百度</a>发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。</p>\n<p>4、<a href=\"https://laohu8.com/NW/1156795857\" target=\"_blank\">B站三季度营收52.1亿元 同比增61%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。</p>\n<p>5、<a href=\"https://laohu8.com/NW/1170717496\" target=\"_blank\">财报不及预期 周三爱奇艺股价大跌17.23%</a></p>\n<p>美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。</p>\n<p>爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。</p>\n<p>爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。</p>\n<p>6、<a href=\"https://laohu8.com/NW/2184833903\" target=\"_blank\">IBM公布迄今全球最大超导量子计算机，含127个量子比特</a></p>\n<p>11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。</p>\n<p>但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。</p>\n<p>7、<a href=\"https://laohu8.com/NW/2184874856\" target=\"_blank\">阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查</a></p>\n<p>名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。</p>\n<p>这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>和AMC。</p>\n<p>8、<a href=\"https://laohu8.com/NW/2184859697\" target=\"_blank\">德国初创车企Sono上市首日暴涨，盘后再涨逾20%</a></p>\n<p>周三（11月17日），德国<a href=\"https://laohu8.com/S/000591\">太阳能</a>汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。</p>\n<p>9、<a href=\"https://laohu8.com/NW/2184561852\" target=\"_blank\">思科财报不及预期，盘后股价一度跌近7%</a></p>\n<p>美东时间11月17日（周三）美股盘后，<a href=\"https://laohu8.com/S/CSCO\">思科</a>公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。</p>\n<p>10、<a href=\"https://laohu8.com/NW/2184585820\" target=\"_blank\">郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E</a></p>\n<p>苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)",".SPX":"S&P 500 Index","RIVN":"Rivian Automotive, Inc.",".IXIC":"NASDAQ Composite","BK4099":"汽车制造商",".DJI":"道琼斯","USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115787772","content_text":"摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n\n海外市场\n1、道指收跌0.58%！抗疫概念股逆市大涨\n大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。\n美股抗疫概念股逆市大涨，诺瓦瓦克斯医药涨超7%，NioNTech涨超5%，Moderna涨超3%。\n2、热门中概股周三收盘多数走低 爱奇艺大跌逾17%\n热门中概股周三收盘多数走低，爱奇艺大跌逾17%，三季度营收及净亏损均差于预期。\n其他中概股方面，掌门教育涨超38%，雾芯科技涨超3%，新东方涨超2%，网易、好未来涨超1%；哔哩哔哩跌近9%，贝壳跌近8%，阿里巴巴、拼多多跌超4%，京东跌超3%，携程跌2%。\n新能源汽车股中，小鹏汽车跌超3%，蔚来汽车跌超2%，理想汽车跌近2%。\n3、欧股主要指数涨跌互现 英国富时100指数跌0.49%\n欧洲洲际交易所1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。\n4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价\n据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。\n最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。\n5、黄金期货周三收高0.9% 创6月以来最高收盘价\n通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。\n国际宏观\n1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查\n美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。\n在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”\n拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。\n2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险\n美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。\n3、伊朗南部一输油管道发生爆炸，周围地区有震感\n据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。\n4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”\n据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”\n默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。\n5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度\n美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。\n6、欧洲央行官员再强调2022年不会加息\n欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。\n公司新闻\n1、高通宣布2023年推出下一代Arm处理器：对标苹果M系列\n11 月17日消息，高通正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与苹果的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。\n2、英伟达收入、利润、指引均超预期，盘后股价涨超5%\n周三美股盘后，英伟达(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。\n3、百度第三季度营收319亿元 同比增长13%\n11月17日，百度发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。\n4、B站三季度营收52.1亿元 同比增61%\n11月17日，哔哩哔哩公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。\n5、财报不及预期 周三爱奇艺股价大跌17.23%\n美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。\n爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。\n爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。\n6、IBM公布迄今全球最大超导量子计算机，含127个量子比特\n11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了谷歌和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。\n但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。\n7、阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查\n名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。\n这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股游戏驿站和AMC。\n8、德国初创车企Sono上市首日暴涨，盘后再涨逾20%\n周三（11月17日），德国太阳能汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。\n9、思科财报不及预期，盘后股价一度跌近7%\n美东时间11月17日（周三）美股盘后，思科公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。\n10、郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E\n苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。","news_type":1,"symbols_score_info":{"SCO":0.9,"UCO":0.9,".IXIC":0.9,"DDG":0.9,"DWT":0.9,"CLmain":0.9,"BZmain":0.9,"DWTIF":0.9,"DUG":0.9,".DJI":0.9,"USO":0.9,"UWTIF":0.9,".SPX":0.9,"RIVN":0.9,"QMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871448887,"gmtCreate":1637108615035,"gmtModify":1637108615183,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871448887","repostId":"2184817638","repostType":2,"isVote":1,"tweetType":1,"viewCount":816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879468449,"gmtCreate":1636764588596,"gmtModify":1636764588686,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879468449","repostId":"1155546620","repostType":2,"isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870343414,"gmtCreate":1636590091415,"gmtModify":1636590091510,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Pharmaceuticals Co.,Ltd(600276)$</a>rebounding","listText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Pharmaceuticals Co.,Ltd(600276)$</a>rebounding","text":"$Jiangsu Hengrui Pharmaceuticals Co.,Ltd(600276)$rebounding","images":[{"img":"https://static.tigerbbs.com/6b2e00363d3f9783a20d599a62cd881f","width":"1080","height":"2700"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870343414","isVote":1,"tweetType":1,"viewCount":995,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870355135,"gmtCreate":1636589927439,"gmtModify":1636589927494,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870355135","repostId":"2182851053","repostType":2,"repost":{"id":"2182851053","kind":"news","pubTimestamp":1636580160,"share":"https://www.laohu8.com/m/news/2182851053?lang=zh_CN&edition=full","pubTime":"2021-11-11 05:36","market":"sh","language":"zh","title":"外媒头条：“特斯拉杀手”Rivian上市首日收涨逾29%","url":"https://stock-news.laohu8.com/highlight/detail?id=2182851053","media":"新浪财经","summary":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急\n\n\n2、寒冬促进能源需求 美国电力成本创2009年以来最大涨幅\n\n\n3、美国盈亏平","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急</b>\n</blockquote>\n<blockquote>\n <b>2、寒冬促进能源需求 <a href=\"https://laohu8.com/S/AEP\">美国电力</a>成本创2009年以来最大涨幅</b>\n</blockquote>\n<blockquote>\n <b>3、美国盈亏平衡通胀率飙升 通胀高企促使市场对加息的预期提前</b>\n</blockquote>\n<blockquote>\n <b>4、旧金山联储行长：目前还没到考虑调整加息预期或减码步伐的程度</b>\n</blockquote>\n<blockquote>\n <b>5、比特币剑指6.9万美元大关 市场憧憬加密货币对冲通胀</b>\n</blockquote>\n<blockquote>\n <b>6、“<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>杀手”Rivian上市首日收盘大涨逾29% 市值859亿美元</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/aac670cb8289f4dc5c8736f73cf43aab\" tg-width=\"550\" tg-height=\"344\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急</b></p>\n<p>美国10月消费者价格指数（CPI）同比涨幅达到1990年以来最大，超过预期水平&nbsp;，进一步表明随着企业通过涨价转移成本压力，美国物价上行势头不断升高。</p>\n<p>劳工部周三发布的数据显示，CPI同比增长6.2%，环比升幅0.9%，为四个月来最大。这两项数据均超过参与调查的所有经济学家的预期。</p>\n<p>能源，食品、汽车及居住类价格这几项分类指标均出现上涨，表明通胀范围已经不局限于几个和经济重启有关的领域。</p>\n<p>在需求强劲的背景下，由于供应链瓶颈和劳动力短缺推高了成本，企业一直在稳步提高消费品和服务价格。许多经济学家，包括一些美联储官员预期通胀压力会持续到明年。</p>\n<p>CPI数据表明通胀率上升的时间将比预期更久，这给美联储带来了更早加息或更快减码的压力。</p>\n<p><img src=\"http://n.sinaimg.cn/finance/transform/114/w550h364/20211111/2fa9-821a878fdab37dab89c993cfad7e23ef.png\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>寒冬促进能源需求 美国电力成本创2009年以来最大涨幅</b></p>\n<p>美国消费者上个月的能源账单创10多年来最大涨幅，因为随着天气变冷，电力、天然气和燃油的成本飙升。</p>\n<p>根据美国劳工统计局周三发布的数据，10月份电力价格同比上涨6.5%，管道燃气价格上涨28%，燃料油价格上涨59%，丙烷、煤油和薪柴价格上涨约35%。</p>\n<p>根据圣路易斯联储银行的历史对比，电力价格涨幅是2009年3月以来最高，管道燃气价格涨幅则是2008年8月以来最大。</p>\n<p>10月份能源价格上涨是美国家庭今冬取暖费用的又一个征兆。在全球供应紧张和美国煤矿劳动力短缺的情况下，美国的天然气和石油价格目前接近多年高点。<a href=\"https://laohu8.com/S/USEG\">美国能源</a>信息管理局预计，今冬将是美国家庭至少2014-2015年以来最昂贵的取暖季。</p>\n<p>“我们今冬的取暖要贵很多，”美国国家能源援助主任协会负责人Mark Wolfe说。“形势非常严峻。”</p>\n<p><img src=\"https://static.tigerbbs.com/1fafb1939534e6937a2b1ef8715e068b\" tg-width=\"550\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美国盈亏平衡通胀率飙升 通胀高企促使市场对加息的预期提前</b></p>\n<p>美国债券市场对通胀的预期飙升，因为10月份消费者价格涨幅达到1990年以来最高，促使交易员对美联储通过加息以压低通胀的预期提前。</p>\n<p>美国通胀保护债券（TIPS）的所谓五年期盈亏平衡通胀率一度上涨约14个基点，至3.13%左右，创下历史新高。交易员越来越多地认为，通胀高企将比美联储现在的预期持续更长时间。</p>\n<p>随着美联储加息变得越来越近，短期利率的上升速度加快，导致2年期和10年期美国国债收益率之差跌至最低约97个基点。货币市场交易员将美联储首次加息的预期时间从9月提前到了7月份。</p>\n<p>“人们越来越认识到，也许美联储行动太慢，” InspereX高级交易员David Petrosinelli表示。 “收益率曲线走平的原因是，人们认为短期利率近期会走高，”并质疑“最终美联储是否必须过度矫正。”</p>\n<p><img src=\"https://static.tigerbbs.com/5556311ec2f653796bd4dba7babebc8d\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>旧金山联储行长：目前还没到考虑调整加息预期或减码步伐的程度</b></p>\n<p>旧金山联储行长Mary Daly表示，她正关注“令人瞠目”的通胀，但现在判断是否应该加快紧缩步伐为时尚早。</p>\n<p>作为美联储最鸽派的官员之一，Daly周三在接受采访时说，“现在还没到改变我们对加息预判的时候，眼下的不确定性需要我们保持警惕。”</p>\n<p>美联储官员面临的是30多年来最剧烈的通胀，但失业人数比疫情爆发前仍多出几百万。10月美国CPI同比上涨6.2%，为1990年以来最大升幅。</p>\n<p>“我们现在的确面临挑战。通胀率高的令人大跌眼镜，这引起了人们的注意，通胀使他们的钱包缩水了”，Daly说。 “问题在于我们还有疫情”。</p>\n<p>Daly今年在联邦公开市场委员会有投票权。她和她的同事们上周同意缩减购债规模并要求市场不要把减码视为加息的信号。</p>\n<p><img src=\"https://static.tigerbbs.com/3fd2e48235c83b9f1bfc5b676bbb2f4d\" tg-width=\"550\" tg-height=\"241\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>比特币剑指6.9万美元大关 市场憧憬加密货币对冲通胀</b></p>\n<p>比特币再创历史新高，首次试探69000美元，CPI数据激发了市场对于加密货币可用来对冲通胀的观点。</p>\n<p>比特币周三一度上涨1.9%至68991美元，超过纽约市场周一创下的历史高点。其他加密货币也纷纷走高，跟踪主要加密货币的彭博Galaxy加密货币指数一度上涨2.4%，至5月份以来最高水平。</p>\n<p>比特币的上涨至少一定程度上可以从基本面角度来解释，近几个月来有关比特币可对冲通胀的观点越来越受到关注。</p>\n<p>CF Benchmarks的首席执行官Sui Chung表示，“比特币仍然处于8月开始的上涨行情，涨势在9月和10月进一步加速 ，最新一轮上涨始于对10月推出比特币期货ETF的预期，但现在看来，全球主要经济体的持续通货膨胀加剧了这种情况。”</p>\n<p><img src=\"https://static.tigerbbs.com/10805d6ccbb7d284535430a97b882dbd\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>“特斯拉杀手”Rivian上市首日收盘大涨逾29% 市值859亿美元</b></p>\n<p><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>投资的电动汽车初创企业Rivian&nbsp;Automotive周三正式登陆美国纳斯达克证券市场，代码“RIVN”。该公司IPO首日高开约37%，报106.75美元，盘中涨幅一度扩大至逾50%，股价最高至119.46美元，市值一度逾900亿美元，超越<a href=\"https://laohu8.com/S/GM\">通用汽车</a>及<a href=\"https://laohu8.com/S/F\">福特汽车</a>。</p>\n<p>截至收盘，Rivian股价报100.73美元，涨幅29.14%，市值859亿美元。</p>\n<p>Rivian此次IPO发行价定为每股78美元，高于其上调后的每股72美元至74美元的发行价格，最初的指导价格区间是57美元至62美元。</p>\n<p>Rivian成立于2009年，原名为Mainstream Motors，后改名为Rivian。从官网介绍来看，这是一家致力于电动汽车设计、开发和制造的企业。公司宗旨是，在减少碳排放的大环境里，致力于改变消费者的消费思维并影响其他公司做出积极改变。</p>","source":"sina","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>外媒头条：“特斯拉杀手”Rivian上市首日收涨逾29%</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\">\n外媒头条：“特斯拉杀手”Rivian上市首日收涨逾29%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 05:36 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-11-11/doc-iktzscyy4832539.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急\n\n\n2、寒冬促进能源需求 美国电力成本创2009年以来最大涨幅\n\n\n3、美国盈亏平衡通胀率飙升 通胀高企促使市场对加息的预期提前\n\n\n4、旧金山联储行长：目前还没到考虑调整加息预期或减码步伐的程度\n\n\n5、比特币剑指6.9万美元大关 市场憧憬加密货币对冲通胀\n\n\n6、“特斯拉杀手”...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-11-11/doc-iktzscyy4832539.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","TSLA":"特斯拉",".DJI":"道琼斯","RIVN":"Rivian Automotive, Inc."},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-11-11/doc-iktzscyy4832539.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2182851053","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急\n\n\n2、寒冬促进能源需求 美国电力成本创2009年以来最大涨幅\n\n\n3、美国盈亏平衡通胀率飙升 通胀高企促使市场对加息的预期提前\n\n\n4、旧金山联储行长：目前还没到考虑调整加息预期或减码步伐的程度\n\n\n5、比特币剑指6.9万美元大关 市场憧憬加密货币对冲通胀\n\n\n6、“特斯拉杀手”Rivian上市首日收盘大涨逾29% 市值859亿美元\n\n\n美国10月通胀率升至31年来最高 拜登称扭转物价上涨是当务之急\n美国10月消费者价格指数（CPI）同比涨幅达到1990年以来最大，超过预期水平 ，进一步表明随着企业通过涨价转移成本压力，美国物价上行势头不断升高。\n劳工部周三发布的数据显示，CPI同比增长6.2%，环比升幅0.9%，为四个月来最大。这两项数据均超过参与调查的所有经济学家的预期。\n能源，食品、汽车及居住类价格这几项分类指标均出现上涨，表明通胀范围已经不局限于几个和经济重启有关的领域。\n在需求强劲的背景下，由于供应链瓶颈和劳动力短缺推高了成本，企业一直在稳步提高消费品和服务价格。许多经济学家，包括一些美联储官员预期通胀压力会持续到明年。\nCPI数据表明通胀率上升的时间将比预期更久，这给美联储带来了更早加息或更快减码的压力。\n\n寒冬促进能源需求 美国电力成本创2009年以来最大涨幅\n美国消费者上个月的能源账单创10多年来最大涨幅，因为随着天气变冷，电力、天然气和燃油的成本飙升。\n根据美国劳工统计局周三发布的数据，10月份电力价格同比上涨6.5%，管道燃气价格上涨28%，燃料油价格上涨59%，丙烷、煤油和薪柴价格上涨约35%。\n根据圣路易斯联储银行的历史对比，电力价格涨幅是2009年3月以来最高，管道燃气价格涨幅则是2008年8月以来最大。\n10月份能源价格上涨是美国家庭今冬取暖费用的又一个征兆。在全球供应紧张和美国煤矿劳动力短缺的情况下，美国的天然气和石油价格目前接近多年高点。美国能源信息管理局预计，今冬将是美国家庭至少2014-2015年以来最昂贵的取暖季。\n“我们今冬的取暖要贵很多，”美国国家能源援助主任协会负责人Mark Wolfe说。“形势非常严峻。”\n\n美国盈亏平衡通胀率飙升 通胀高企促使市场对加息的预期提前\n美国债券市场对通胀的预期飙升，因为10月份消费者价格涨幅达到1990年以来最高，促使交易员对美联储通过加息以压低通胀的预期提前。\n美国通胀保护债券（TIPS）的所谓五年期盈亏平衡通胀率一度上涨约14个基点，至3.13%左右，创下历史新高。交易员越来越多地认为，通胀高企将比美联储现在的预期持续更长时间。\n随着美联储加息变得越来越近，短期利率的上升速度加快，导致2年期和10年期美国国债收益率之差跌至最低约97个基点。货币市场交易员将美联储首次加息的预期时间从9月提前到了7月份。\n“人们越来越认识到，也许美联储行动太慢，” InspereX高级交易员David Petrosinelli表示。 “收益率曲线走平的原因是，人们认为短期利率近期会走高，”并质疑“最终美联储是否必须过度矫正。”\n\n旧金山联储行长：目前还没到考虑调整加息预期或减码步伐的程度\n旧金山联储行长Mary Daly表示，她正关注“令人瞠目”的通胀，但现在判断是否应该加快紧缩步伐为时尚早。\n作为美联储最鸽派的官员之一，Daly周三在接受采访时说，“现在还没到改变我们对加息预判的时候，眼下的不确定性需要我们保持警惕。”\n美联储官员面临的是30多年来最剧烈的通胀，但失业人数比疫情爆发前仍多出几百万。10月美国CPI同比上涨6.2%，为1990年以来最大升幅。\n“我们现在的确面临挑战。通胀率高的令人大跌眼镜，这引起了人们的注意，通胀使他们的钱包缩水了”，Daly说。 “问题在于我们还有疫情”。\nDaly今年在联邦公开市场委员会有投票权。她和她的同事们上周同意缩减购债规模并要求市场不要把减码视为加息的信号。\n\n比特币剑指6.9万美元大关 市场憧憬加密货币对冲通胀\n比特币再创历史新高，首次试探69000美元，CPI数据激发了市场对于加密货币可用来对冲通胀的观点。\n比特币周三一度上涨1.9%至68991美元，超过纽约市场周一创下的历史高点。其他加密货币也纷纷走高，跟踪主要加密货币的彭博Galaxy加密货币指数一度上涨2.4%，至5月份以来最高水平。\n比特币的上涨至少一定程度上可以从基本面角度来解释，近几个月来有关比特币可对冲通胀的观点越来越受到关注。\nCF Benchmarks的首席执行官Sui Chung表示，“比特币仍然处于8月开始的上涨行情，涨势在9月和10月进一步加速 ，最新一轮上涨始于对10月推出比特币期货ETF的预期，但现在看来，全球主要经济体的持续通货膨胀加剧了这种情况。”\n\n“特斯拉杀手”Rivian上市首日收盘大涨逾29% 市值859亿美元\n亚马逊投资的电动汽车初创企业Rivian Automotive周三正式登陆美国纳斯达克证券市场，代码“RIVN”。该公司IPO首日高开约37%，报106.75美元，盘中涨幅一度扩大至逾50%，股价最高至119.46美元，市值一度逾900亿美元，超越通用汽车及福特汽车。\n截至收盘，Rivian股价报100.73美元，涨幅29.14%，市值859亿美元。\nRivian此次IPO发行价定为每股78美元，高于其上调后的每股72美元至74美元的发行价格，最初的指导价格区间是57美元至62美元。\nRivian成立于2009年，原名为Mainstream Motors，后改名为Rivian。从官网介绍来看，这是一家致力于电动汽车设计、开发和制造的企业。公司宗旨是，在减少碳排放的大环境里，致力于改变消费者的消费思维并影响其他公司做出积极改变。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"RIVN":0.9,".DJI":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847365152,"gmtCreate":1636495227222,"gmtModify":1636495227415,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>rebounding","listText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>rebounding","text":"$Nanofilm(MZH.SI)$rebounding","images":[{"img":"https://static.tigerbbs.com/d37aabce48e71fe8ea7106ddfd65a149","width":"1080","height":"3444"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847365152","isVote":1,"tweetType":1,"viewCount":1012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844194294,"gmtCreate":1636408870008,"gmtModify":1636408870260,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>resume up trend","listText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>resume up trend","text":"$IFAST CORPORATION LTD.(AIY.SI)$resume up trend","images":[{"img":"https://static.tigerbbs.com/df8a618ba68394bf6097c39712ad7702","width":"1080","height":"3444"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844194294","isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845152184,"gmtCreate":1636322396633,"gmtModify":1636322396781,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SMH\">$VanEck Vectors Semiconductor ETF(SMH)$</a>long green weekly candle...","listText":"<a href=\"https://laohu8.com/S/SMH\">$VanEck Vectors Semiconductor ETF(SMH)$</a>long green weekly candle...","text":"$VanEck Vectors Semiconductor ETF(SMH)$long green weekly candle...","images":[{"img":"https://static.tigerbbs.com/277b0db8e94f61968c87c987b3cbe926","width":"1080","height":"3543"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845152184","isVote":1,"tweetType":1,"viewCount":877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842767508,"gmtCreate":1636246334744,"gmtModify":1636246334929,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>good","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>good","text":"$AEM HOLDINGS LTD(AWX.SI)$good","images":[{"img":"https://static.tigerbbs.com/065c4afa6c53c0480ea567db7bd79d7b","width":"1080","height":"3444"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842767508","isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":893504345,"gmtCreate":1628273867487,"gmtModify":1633752061579,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893504345","repostId":"1155656235","repostType":4,"repost":{"id":"1155656235","kind":"news","pubTimestamp":1628227304,"share":"https://www.laohu8.com/m/news/1155656235?lang=zh_CN&edition=full","pubTime":"2021-08-06 13:21","market":"us","language":"en","title":"20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155656235","media":"MarketWatch","summary":"Cloud ETFs are close to record highs, propelled by a rally in the sector\nAnalysts see stellar sales ","content":"<p>Cloud ETFs are close to record highs, propelled by a rally in the sector</p><p><blockquote>在该行业反弹的推动下，云ETF接近历史新高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78101d8010e186fe4df59b2ef82b5de6\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Analysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>","source":"lsy1603348471595","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>20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\n20 cloud stocks expected to increase sales the most over the next two years<blockquote>预计未来两年销售额增幅最大的20只云股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cloud ETFs are close to record highs, propelled by a rally in the sector</p><p><blockquote>在该行业反弹的推动下，云ETF接近历史新高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78101d8010e186fe4df59b2ef82b5de6\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Analysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师预计，提供云服务的公司未来将实现强劲的销售增长。（盖蒂图片社/iStockphoto）</span></p></blockquote></p><p> U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.</p><p><blockquote>尽管来自中国的传言和德尔塔变异毒株感染人数激增，但美国投资者仍然看涨。</blockquote></p><p> Cloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.</p><p><blockquote>云公司——那些处于计算能力向互联网分布式模式转变前沿的公司——预计将在未来几年快速增长，覆盖该领域的五家最大交易所交易基金中有四家即将创下历史新高。</blockquote></p><p> Below is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.</p><p><blockquote>下面是这些ETF持有的股票屏幕，显示了预计到2023年销售额增幅最大的股票。在一个许多参与者处于相对早期阶段的行业中，销售额的增长而不是盈利的增长可能是股价的最佳驱动力。</blockquote></p><p> To begin the screen, we looked at the five largest cloud ETFs:</p><p><blockquote>首先，我们查看了五只最大的云ETF：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36209ce827d95e822cad5128be8b146a\" tg-width=\"933\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> ETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.</p><p><blockquote>ETF可能是您采取广泛方法长期参与云革命的最佳方式。如果您对任何ETF感兴趣，您应该查看基金经理的网站。</blockquote></p><p> Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&amp;P 500 ETF&nbsp;and the Invesco QQQ Trust&nbsp;(which tracks the Nasdaq-100 Index) for comparison:</p><p><blockquote>以下是截至8月4日的总回报比较，以及SPDR标普500 ETF和Invesco QQQ Trust（跟踪纳斯达克100指数）的总回报比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/242f135b3c7cca3cbaae3ee574023c1f\" tg-width=\"942\" tg-height=\"577\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> The ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF&nbsp;is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.</p><p><blockquote>ETF的方法不同。例如，方舟下一代互联网ETF是唯一一只主动管理的。其他人跟踪一个指数。根据Ark Invest 8月5日发布的信息，它也是唯一一家持有特斯拉公司股票的公司，占投资组合的10.65%。特斯拉是一家电动汽车制造商，但它也可以被视为一家云公司，因为它不断通过互联网分发软件更新，并提供其他基于云的服务。</blockquote></p><p> Another holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.</p><p><blockquote>在五只云ETF中，ARKW独有的另一个持股是华特迪士尼公司，该公司通过其Disney+流媒体服务无疑是一个重要的云参与者，即使该公司没有直接说明其销售额有多少来自该快速增长的部分。</blockquote></p><p> As part of its description of ARKW, FactSet says the following:</p><p><blockquote>作为对ARKW描述的一部分，FactSet表示如下：</blockquote></p><p> <i>“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”</i></p><p><blockquote><i>“从广义上讲，ARKW的管理者似乎专注于物联网、云计算、数字货币和可穿戴技术等热门词汇。虽然该基金的重点可能是吸引对这些新技术有信心的投资者，但投资组合的实施是一项更加困难的任务：大多数开发这些进步的公司都是大公司，新兴技术仅占总收入的一小部分。因此，很难纯粹接触ARKW的目标技术，因此请务必确认该基金的持股（而不仅仅是其论点）与您对该领域的看法一致。”</i></blockquote></p><p> <b>Cloud-stock screen</b></p><p><blockquote><b>云库存屏幕</b></blockquote></p><p> Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)</p><p><blockquote>上面列出的五只云ETF总共持有147只股票。为了预测2023年的销售增长，我们使用2020年日历的销售预测作为基线，然后查看FactSet调查的分析师对随后三年的一致预测（如果有）。（2020年的数字是估计值，因为许多公司的财年与日历不符。）</blockquote></p><p> To make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.</p><p><blockquote>为了确保我们有一套可靠的估计，我们将该小组限制在FactSet调查的至少5名分析师覆盖的126家公司，这些公司可以获得2020年至2023年的一致销售估计。</blockquote></p><p> Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:</p><p><blockquote>以下是预计到2023年销售额复合年增长率(CAGR)最高的20家公司：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517a23591cde159fb889ab80abc4bcc6\" tg-width=\"934\" tg-height=\"765\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6af2cf5b5f9f0ce50f8f023ac7babc7f\" tg-width=\"935\" tg-height=\"717\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b88ebe72e09cb9ce3294269f0a4ae431\" tg-width=\"935\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> There are actually 21 stocks listed, including Zillow Group Inc.’s Class A&nbsp;and Class C&nbsp;shares.</p><p><blockquote>实际上有21只股票上市，包括Zillow Group Inc.的A类和C类股票。</blockquote></p><p> It is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.</p><p><blockquote>有趣的是，该榜单以ARKW持有的股票为主。该基金对云公司有广泛的定义，也关注销售增长。</blockquote></p><p></p><p> Here are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.</p><p><blockquote>以下是基于未来12个月共识预测的当前远期市销率、当前市值与2023年预计销售额的比率以及分析师对这些股票的意见摘要。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b9c4bf1d8b1abcfa76b7d008a47ad7\" tg-width=\"938\" tg-height=\"805\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ff191189c5d7d2f31698843734ca3cc\" tg-width=\"933\" tg-height=\"773\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e9543489c4d52d3f1a69dfdcf170115\" tg-width=\"930\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> In comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.</p><p><blockquote>相比之下，SPDR标普500指数ETF的远期市销率为2.8，2023年预计市销率为2.6。对于QQQ，目前的市盈率为4.7，2023年将降至4.3。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","MELI":"MercadoLibre","OKTA":"Okta Inc.","KC":"金山云","CRWD":"CrowdStrike Holdings, Inc.","ROKU":"Roku Inc","COIN":"Coinbase Global, Inc.","ZG":"Zillow Class A","TSLA":"特斯拉","SE":"Sea Ltd","SNAP":"Snap Inc","SKLZ":"Skillz Inc","LC":"LendingClub","VCYT":"Veracyte Inc","PINS":"Pinterest, Inc.","DKNG":"DraftKings Inc.","Z":"Zillow","SHOP":"Shopify Inc","ADYEY":"Adyen N.V.","TDOC":"Teladoc Health Inc."},"source_url":"https://www.marketwatch.com/story/20-cloud-stocks-expected-to-increase-sales-the-most-over-the-next-two-years-11628186683?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155656235","content_text":"Cloud ETFs are close to record highs, propelled by a rally in the sector\nAnalysts see stellar sales growth ahead for companies that provide cloud services. (Getty Images/iStockphoto)\nU.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.\nCloud companies — those at the forefront of the shift in computing power to distributed models over the internet — are expected to grow at a rapid clip over the next several years, and four of the five largest exchange traded funds covering the space are close to hitting record highs.\nBelow is a screen of stocks held by those ETFs, showing which are expected to increase their sales the most through 2023. In an industry with many players at relatively early stages, increases in sales, rather than in earnings, might be the best driver of stock prices.\nTo begin the screen, we looked at the five largest cloud ETFs:\nSource: FactSet\nETFs might be your best way to take a broad approach for a long-term play on the cloud revolution. If you are interested in any ETF, you should review the fund manager’s website.\nHere’s a comparison of total returns through Aug. 4, along with those for the SPDR S&P 500 ETF and the Invesco QQQ Trust (which tracks the Nasdaq-100 Index) for comparison:\nSource: FactSet\nThe ETFs’ approaches differ. For example, the ARK Next Generation Internet ETF is the only one that is actively managed. The others track an index. It is also the only one that holds shares of Tesla Inc.,which makes up 10.65% of the portfolio, according to information posted by ARK Invest on Aug. 5. Tesla is an electric-vehicle manufacturer, but it can also be considered a cloud company because it distributes software updates over the internet continually, and offers other cloud-based services.\nAnother holding unique to ARKW among the five cloud ETFs is Walt Disney Co.,which is certainly an important cloud player through its Disney+ streaming service, even if the company doesn’t say directly how much of its sales are derived from that rapidly growing segment.\nAs part of its description of ARKW, FactSet says the following:\n“Broadly speaking, the ARKW’s managers appear focused on big buzzwords such as Internet of Things, cloud computing, digital currencies and wearable technology. While the fund’s focus may be appealing for investors with conviction in these new technologies, portfolio implementation is a more difficult task: Most of the companies developing these advancements are huge corporations for which nascent technologies are only a small fraction of total revenues. As such, it’s very difficult to get pure-play access to ARKW’s targeted technologies — so be sure to confirm that the fund’s holdings — not just its thesis — align with your view of the space.”\nCloud-stock screen\nTogether, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies’ fiscal years don’t match the calendar.)\nTo make sure we had a solid set of estimates, we confined the group to the 126 companies covered by at least five analysts polled by FactSet, for which consensus sales estimates for calendar 2020 through calendar 2023 are available.\nHere are the 20 companies projected to have the highest compound annual growth rates (CAGR) for sales through calendar 2023:\n\nSource: FactSet\nThere are actually 21 stocks listed, including Zillow Group Inc.’s Class A and Class C shares.\nIt is interesting to see that the list is dominated by stocks held by ARKW. The fund has a broad definition of cloud companies and is focused also on sales growth.\nHere are current forward price-to-sales ratios based on consensus estimates for the next 12 months, as well as ratios of current market cap to projected 2023 sales and summaries of analysts’ opinions about the stocks.\n\nSource: FactSet\nIn comparison, the forward price-to-sales ratio for SPY is 2.8, with a price/2023 estimated sales ratio of 2.6. For QQQ, the current P/S is 4.7, declining to 4.3 for 2023.","news_type":1,"symbols_score_info":{"SNAP":0.9,"DKNG":0.9,"COIN":0.9,"LC":0.9,"PDD":0.9,"SE":0.9,"TDOC":0.9,"SQ":0.9,"SHOP":0.9,"OKTA":0.9,"TSLA":0.9,"ROKU":0.9,"CRWD":0.9,"Z":0.9,"ADYEY":0.9,"PINS":0.9,"VCYT":0.9,"MELI":0.9,"ZG":0.9,"KC":0.9,"SKLZ":0.9}},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175054367,"gmtCreate":1626999850359,"gmtModify":1633768960896,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175054367","repostId":"2153036156","repostType":4,"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148349288,"gmtCreate":1625936663544,"gmtModify":1633931477810,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/148349288","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805191146,"gmtCreate":1627864192885,"gmtModify":1633755880494,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805191146","repostId":"1159609817","repostType":4,"repost":{"id":"1159609817","kind":"news","pubTimestamp":1627864062,"share":"https://www.laohu8.com/m/news/1159609817?lang=zh_CN&edition=full","pubTime":"2021-08-02 08:27","market":"us","language":"en","title":"Amazon's 'Disappointing' Quarterly Results Are A Gift<blockquote>亚马逊“令人失望”的季度业绩是一份礼物</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159609817","media":"seekingalpha","summary":"Summary\n\nDespite what some have characterized as a disappointing quarter, Amazon remains one of the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Despite what some have&nbsp;characterized as a disappointing quarter, Amazon remains one of the highest quality stocks in the market with a long runway still ahead.</li>  <li>After previous pandemic-fueled results and this year's reopening excitement, the results were bound to retreat at the margin leaving the new CEO with some upcoming heavy lifting.</li>  <li>Despair not! This is an opportunity for long-term investors to accumulate shares incrementally as the stock retreats.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f90647e71b9768638673a9e4cdebe9fa\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Spencer Platt/Getty Images News</span></p><p><blockquote><ul><li>尽管有些人认为这个季度令人失望，但亚马逊仍然是市场上质量最高的股票之一，而且还有很长的路要走。</li><li>在经历了之前大流行推动的业绩和今年重新开放的兴奋之后，业绩注定会小幅回落，让新任首席执行官面临一些即将到来的繁重工作。</li><li>不要绝望！对于长期投资者来说，这是一个随着股票下跌而逐步积累股票的机会。</li></ul><p class=\"t-img-caption\"><span>斯宾塞·普拉特/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Investment Thesis:</b></p><p><blockquote><b>投资论文：</b></blockquote></p><p> Amazon (AMZN) (also, \"the Company\" hereafter) reported results that disappointed some who may not have anticipated a retreat from the pandemic-fueled growth rates seen previously. As an investor who is still accumulating chips, I see this as more opportunity than setback and see the stock's retreat as missing the forest for the trees - a market hallmark. The metrics are stronger than many reports indicate and this pullback also acts to keep the stock from going euphoric and decoupling from underlying metrics. Accumulating incrementally during the likely brief downtrend may be the best course of action.</p><p><blockquote>亚马逊（AMZN）（以下简称“公司”）公布的业绩令一些人感到失望，他们可能没有预料到之前大流行推动的增长率会回落。作为一名仍在积累筹码的投资者，我认为这更多的是机会而不是挫折，并认为该股的下跌是只见树木不见森林——这是市场的标志。这些指标比许多报告显示的要强，这种回调也有助于防止该股情绪高涨并与基础指标脱钩。在可能的短暂下跌趋势中逐步积累可能是最好的行动方案。</blockquote></p><p> <b>By The Numbers</b></p><p><blockquote><b>按数字</b></blockquote></p><p> Q2 2021 top-line revenue came in at $113B compared to Q1 2021 $108.5B, a 4% quarterly increase. Revenue was up 27% compared to Q2 2020. EBITDA for Q2 2021 was up a whopping 36% over the same period in 2020, however was down 14% from Q1 2021. However, due to the cyclical nature of retail, I prefer to analyze the data using the trailing twelve months (TTMs) by quarter.</p><p><blockquote>2021年第二季度的营收为$113B，而2021年第一季度为$1085亿B，季度增长4%。与2020年第二季度相比，收入增长了27%。Q2 2021的EBITDA比2020年同期增长了36%，但比Q1 2021下降了14%。然而，由于零售业的周期性，我更喜欢按季度使用过去12个月(TTM)来分析数据。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d1ed6c9704fb13ff3e6023f99bbfef6\" tg-width=\"640\" tg-height=\"355\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表。</span></p></blockquote></p><p> Over the TTMs Amazon generated $443B in revenues and an impressive $59B in EBITDA. While growth certainly slowed from Q1 2021 savvy investors understand that data does not exist in a vacuum and must be put in proper context. Covid created immense growth that was known to be inorganic as many who would typically frequent brick-and-mortar stores shopped from home. Many of these folks will continue to frequent Amazon, while some will return to previous habits. Still, others likely returned to retail upon lifting of restrictions just to leave the house and feel normal and will utilize online retail more once the novelty wears off. The same logic applies to Amazon's digital offerings. For these reasons, Q2 2021 growth was destined to slow from the breakneck pace of the prior periods, however, the Company still managed to grow revenue nearly 6% over the prior TTMs and, as stated above, 4% over Q1 2021 - no small feat. The Delta variant and likely return to restrictions and caution from shoppers will again change the game for the final 2 months of Q3 and likely for Q4 2021. Frankly, and amazingly, I believe we are about to be caught flat-footed against this variant which will be bad for many, but possibly positive for Amazon's sales in Q3 and Q4 2021.</p><p><blockquote>在TTMs期间，亚马逊创造了4430亿美元的收入和令人印象深刻的590亿美元的EBITDA。尽管增长肯定比2021年第一季度有所放缓，但精明的投资者明白，数据并不存在于真空中，必须放在适当的背景下。Covid创造了巨大的增长，众所周知，这种增长是无机的，因为许多通常经常去实体店购物的人会在家购物。这些人中的许多人将继续经常光顾亚马逊，而一些人将恢复以前的习惯。尽管如此，其他人可能会在限制解除后重返零售业，只是为了离开家，感觉正常，一旦新鲜感消失，他们会更多地利用在线零售。同样的逻辑也适用于亚马逊的数字产品。由于这些原因，Q2 2021的增长注定会比之前时期的极快速度放缓，然而，该公司的收入仍然比之前的TTM增长了近6%，如上所述，比Q1 2021增长了4%——这不是一个小壮举。德尔塔变异毒株以及购物者可能回归的限制和谨慎将再次改变第三季度最后两个月以及2021年第四季度的游戏规则。坦率地说，令人惊讶的是，我相信我们即将对这种变体措手不及，这对许多人来说是不利的，但可能对亚马逊2021年第三季度和第四季度的销售是积极的。</blockquote></p><p> The data on a per share basis tells much the same story as above.</p><p><blockquote>每股数据讲述了与上述大致相同的故事。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2579a946b7ba2fabbba19737ce423223\" tg-width=\"640\" tg-height=\"355\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表。</span></p></blockquote></p><p> Revenue growth per share is solid while EBITDA and cash from operations per share have stalled. Many have expressed concern with the decrease in cash flow from operations, however, I prefer to use levered free cash flow (LFCF) as I believe it is a better metric to determine true cash available to shareholders. Cash flow from operations (CFO) is impacted by temporary changes in accounts receivable and accounts payable (changes in working capital), and does not account for capital expenditures (CAPEX) or debt payments. LFCF is a better measure of the cash available once all obligations have been met.</p><p><blockquote>每股收入增长稳健，而EBITDA和每股运营现金却停滞不前。许多人对运营现金流的减少表示担忧，但是，我更喜欢使用杠杆自由现金流（LFCF），因为我相信它是确定股东可用真实现金的更好指标。运营现金流（CFO）受到应收账款和应付账款临时变化（营运资金变化）的影响，不考虑资本支出（CAPEX）或债务支付。LFCF是衡量履行所有义务后可用现金的更好指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1bd80529fd7e9ffd40dd4bc8e8eeb1e\" tg-width=\"640\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> The Company's LFCF is down from the Covid holiday boom, but still rose significantly from 2019 results and was still up on a quarterly basis.</p><p><blockquote>该公司的LFCF较新冠疫情假期热潮有所下降，但仍较2019年业绩大幅上升，并且仍按季度增长。</blockquote></p><p> Further, when measuring results, the quality of the earnings can be brought to light by measuring LFCF as a percentage of either net income or EBITDA. I compared Amazon's LFCF/EBITDA to some of the most successful companies, including a lesser-known name, Intuitive Surgical, Inc (ISRG) that, if you are unfamiliar with this company, I encourage you to explore this juggernauthereandhere.</p><p><blockquote>此外，在衡量业绩时，可以通过衡量LFCF占净利润或EBITDA的百分比来揭示收益的质量。我将亚马逊的LFCF/EBITDA与一些最成功的公司进行了比较，包括一个鲜为人知的名字Intuitive Surgical，Inc(ISRG)，如果您不熟悉这家公司，我鼓励您在这里和这里探索这家巨头。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/663cb272a8fcfb13d7585052057e80d9\" tg-width=\"640\" tg-height=\"416\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha *Stocks with different fiscal years are as of the closest period*</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表由作者根据Seeking Alpha*不同财政年度的股票截至最近的时期*</span></p></blockquote></p><p> As shown, Amazon has come back to earth a bit from the pandemic heights, however still produces better LFCF/EBITDA consistently more than retail competitor Walmart (WMT), and also Microsoft (MSFT) and NVIDIA (NVDA), while lagging Visa (V), Mastercard (MA), and Apple (AAPL) which generally spend much less on CAPEX. It is also clear why I am so bullish on Intuitive Surgical. For Amazon, it is apparent that the pandemic boost lost steam in Q2 2021, however, the results were still quite positive.</p><p><blockquote>如图所示，亚马逊已经从大流行的高度恢复了一些，但亚马逊的LFCF/EBITDA仍然比零售竞争对手沃尔玛(WMT)、微软(MSFT)和英伟达(NVDA)更好，同时落后于Visa(V)、万事达卡(MA)和苹果(AAPL)的资本支出通常要少得多。我如此看好直觉外科的原因也很清楚。对于亚马逊来说，很明显，疫情的提振在2021年第二季度失去了动力，然而，结果仍然相当积极。</blockquote></p><p> <b>Valuation &amp; Opportunity</b></p><p><blockquote><b>估值与机会</b></blockquote></p><p> While Amazon's quarter was impressive by most standards, it disappointed many who decided to take profits last week.</p><p><blockquote>尽管以大多数标准来看，亚马逊的季度业绩令人印象深刻，但它让许多上周决定获利了结的人感到失望。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4294120fff82efc817695d0fd339b97d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> For long-term investors, this is not necessarily a negative. If one is still adding money to investment accounts or looking to take profits in other holdings and reallocate funds, the drawback represents an opportunity. I prefer to accumulate incrementally during a downturn rather than trying to call a bottom. How long it continues and how low the stock falls is unknown, however, I believe the downtrend will be short-lived. Another reason not to be rattled by the sell-off last week is that the stock has avoided the dreaded euphoria that likely would have caused the valuation to decouple from results leaving long-term investors in a poor place to add shares. The pullback will allow the fundamentals to catch up to the valuation a bit. Below I have compared Amazon's valuation to some of the outstanding companies above and also added digital rival Netflix (NFLX), Seeking Alpha fan-favorite Palantir (PLTR), and the ever-polarizing Tesla (TSLA) for additional context.</p><p><blockquote>对于长期投资者来说，这不一定是负面的。如果一个人仍在向投资账户添加资金，或者希望在其他持股中获利并重新分配资金，那么缺点就代表着一个机会。我更喜欢在经济低迷时期逐步积累，而不是试图看涨期权触底。持续多久以及股价跌到多低尚不得而知，不过，我相信下跌趋势将是短暂的。不要对上周的抛售感到不安的另一个原因是，该股避免了可怕的兴奋情绪，这种情绪可能会导致估值与业绩脱钩，从而使长期投资者难以增持股票。回调将使基本面稍微赶上估值。下面我将Amazon的估值与上述一些杰出公司进行了比较，并添加了数字竞争对手Netflix(NFLX)、Seeking Alpha粉丝最喜欢的Palantir(PLTR)和日益两极分化的特斯拉(TSLA)以获取更多背景信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/731887f1f1ce0523e160d6d84ab6926d\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Y-charts. FWD revenue growth from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用Y形图中的数据创建的图表。Seeking Alpha带来的FWD收入增长。</span></p></blockquote></p><p> Note that forward revenue growth estimates (YOY) are listed for consideration.</p><p><blockquote>请注意，列出了前瞻性收入增长预测（同比）以供考虑。</blockquote></p><p> I have also seen concern expressed for the enterprise value to cash from operations (EV/CFO), however, this does not convince me that there is long-term trouble in this area, especially in light of the increase in LFCF.</p><p><blockquote>我也看到了对企业运营现金价值（EV/CFO）的担忧，但是，这并不能让我相信这一领域存在长期问题，特别是考虑到LFCF的增加。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0aae66565cdd74d312dd57dc4427046f\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Finally, the short interest can be a useful tool to determine when the stock has become overvalued. Amazon is again running less than 1% of the float short, which is an indication that the downswing may be short and shallow.</p><p><blockquote>最后，空头利息可以成为确定股票何时被高估的有用工具。亚马逊的流通量再次低于1%，这表明下跌可能是短暂而浅的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f017302a7066ca29108962726a968d48\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The short interest is near historic lows, pandemic notwithstanding, and after a brief rise as shares touched $3,700 is again falling. The short interest at this level tells me that while some grumble about the Company's value, few are willing to put their money where their mouth is at this point. I have included the short interest of other stocks discussed below for comparison.</p><p><blockquote>尽管发生了大流行，空头兴趣仍接近历史低点，并且在股价触及3,700美元后短暂上涨后再次下跌。这个水平的空头兴趣告诉我，虽然有些人抱怨公司的价值，但很少有人愿意在这一点上把钱花在他们的嘴上。我已经包括了下面讨论的其他股票的空头利息以进行比较。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bad5c8a348a24ddbc7043e6299aa254\" tg-width=\"640\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from TD Ameritrade.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用TD Ameritrade的数据创建的图表。</span></p></blockquote></p><p> <b>CEO Transition &amp; Obstacles Ahead</b></p><p><blockquote><b>首席执行官过渡和未来的障碍</b></blockquote></p><p> Jeff Bezos is an extremely savvy executive and likely could see that, post-pandemic, the heavy lifting would begin in earnest. He chose to enjoy his billions and take a rocket into space while on top. I certainly don't blame him. Meanwhile, new CEO Andy Jassy assumes command after 24 years with the Company. While some may see Bezos stepping down as a negative, it can also allow an opportunity for the new CEO with a fresh voice and something to prove. Apple has thrived after the transition from Steve Jobs to Tim Cook and hopefully, this will also be the case at Amazon. His job won't be easy as congress seeks increased regulations on large tech and the labor force presents challenges on multiple fronts. Jassy is largely credited for growing the highly profitable AWS arm of the Company which shows from where management believes much of the future growth is likely to come.</p><p><blockquote>杰夫·贝索斯是一位非常精明的高管，他可能会看到，在大流行之后，繁重的工作将正式开始。他选择享受他的数十亿美元，并在顶端乘坐火箭进入太空。我当然不怪他。与此同时，新任首席执行官安迪·贾西(Andy Jassy)在公司工作了24年后上任。虽然有些人可能认为贝佐斯的辞职是一个负面消息，但这也可以为新任首席执行官提供一个拥有新鲜声音和证明的机会。苹果在从史蒂夫·乔布斯到蒂姆·库克的转变之后蓬勃发展，希望亚马逊也能如此。他的工作并不容易，因为国会寻求加强对大型科技公司的监管，而劳动力在多个方面面临挑战。Jassy在很大程度上因发展了该公司高利润的AWS部门而受到赞誉，这表明管理层认为未来的大部分增长可能来自哪里。</blockquote></p><p> <b>Risks and Uncertainties</b></p><p><blockquote><b>风险及不明朗因素</b></blockquote></p><p></p><p> As mentioned above, congressional leaders from both parties have expressed concerns with the power of large tech companies and pledged to reign them in. This could negatively affect results and there is the possibility that some large tech companies would be forced to spin-off segments. Spin-offs would not necessarily be detrimental to current shareholders, however, the market despises uncertainty and this could cause the share price to further retreat. On the other hand, congress is full of tough talk and weak action so I am skeptical.</p><p><blockquote>如上所述，两党的国会领导人都对大型科技公司的力量表示担忧，并承诺控制它们。这可能会对业绩产生负面影响，一些大型科技公司可能会被迫分拆细分市场。分拆不一定对现有股东不利，但市场鄙视不确定性，这可能会导致股价进一步回落。另一方面，国会充满了强硬的言论和软弱的行动，所以我持怀疑态度。</blockquote></p><p> Also mentioned above are the labor issues. The workforce becoming unionized could affect profit margins. More generally, the entire labor market is tight at the moment causing shortages of workers and rising wages. Rising wages across the economy will also serve to increase the spending power of consumers which has potential benefits for a company like Amazon.</p><p><blockquote>上面还提到了劳工问题。劳动力加入工会可能会影响利润率。更一般地说，目前整个劳动力市场紧张，导致工人短缺和工资上涨。整个经济中工资的上涨也将有助于提高消费者的消费能力，这对亚马逊这样的公司来说有潜在的好处。</blockquote></p><p> The market wasnot impressedby Q2 2021 earnings and the stock took a substantial hit. This downtrend may continue while investors exercise caution post-Bezos and post-retail reopening, which is why I recommend incremental buying.</p><p><blockquote>市场对2021年第二季度的盈利并不满意，该股遭受了重大打击。这种下跌趋势可能会持续下去，而投资者在贝佐斯和零售重新开放后保持谨慎，这就是为什么我建议增量买入。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> When I see a headline on Seeking Alpha that \"Department store stocks rally, while online retailers sell off\", I see an opportunity. This development is remarkably short-sighted and unlikely to last.</p><p><blockquote>当我在Seeking Alpha上看到“百货公司股票上涨，而在线零售商抛售”的标题时，我看到了一个机会。这种发展非常短视，不太可能持续下去。</blockquote></p><p> Amazon's Q2 2021 results have caused many investors to take profits and some to claim that the Company's stellar run is over. The numbers, while tempered from the pandemic highs, are still impressive and a growth runway remains in the Company's most profitable segments. The new CEO will face the coming challenges with heaps of LFCF and the stock's valuation has become more favorable to long-term investors. This is not the first time the stock has pulled back from a seemingly weak quarter and in every instance, the correct move for long-term investors is crystal clear.</p><p><blockquote>亚马逊2021年第二季度的业绩导致许多投资者获利了结，一些投资者声称该公司的辉煌业绩已经结束。这些数字虽然较大流行的高点有所缓和，但仍然令人印象深刻，该公司最赚钱的部门仍有增长跑道。新任首席执行官将面临大量LFCF的挑战，而且该股的估值对长期投资者来说变得更加有利。这并不是该股第一次从看似疲软的季度中回调，在每种情况下，长期投资者的正确举动都是非常明确的。</blockquote></p><p></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>Amazon's 'Disappointing' Quarterly Results Are A Gift<blockquote>亚马逊“令人失望”的季度业绩是一份礼物</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAmazon's 'Disappointing' Quarterly Results Are A Gift<blockquote>亚马逊“令人失望”的季度业绩是一份礼物</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-02 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Despite what some have&nbsp;characterized as a disappointing quarter, Amazon remains one of the highest quality stocks in the market with a long runway still ahead.</li>  <li>After previous pandemic-fueled results and this year's reopening excitement, the results were bound to retreat at the margin leaving the new CEO with some upcoming heavy lifting.</li>  <li>Despair not! This is an opportunity for long-term investors to accumulate shares incrementally as the stock retreats.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f90647e71b9768638673a9e4cdebe9fa\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Spencer Platt/Getty Images News</span></p><p><blockquote><ul><li>尽管有些人认为这个季度令人失望，但亚马逊仍然是市场上质量最高的股票之一，而且还有很长的路要走。</li><li>在经历了之前大流行推动的业绩和今年重新开放的兴奋之后，业绩注定会小幅回落，让新任首席执行官面临一些即将到来的繁重工作。</li><li>不要绝望！对于长期投资者来说，这是一个随着股票下跌而逐步积累股票的机会。</li></ul><p class=\"t-img-caption\"><span>斯宾塞·普拉特/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Investment Thesis:</b></p><p><blockquote><b>投资论文：</b></blockquote></p><p> Amazon (AMZN) (also, \"the Company\" hereafter) reported results that disappointed some who may not have anticipated a retreat from the pandemic-fueled growth rates seen previously. As an investor who is still accumulating chips, I see this as more opportunity than setback and see the stock's retreat as missing the forest for the trees - a market hallmark. The metrics are stronger than many reports indicate and this pullback also acts to keep the stock from going euphoric and decoupling from underlying metrics. Accumulating incrementally during the likely brief downtrend may be the best course of action.</p><p><blockquote>亚马逊（AMZN）（以下简称“公司”）公布的业绩令一些人感到失望，他们可能没有预料到之前大流行推动的增长率会回落。作为一名仍在积累筹码的投资者，我认为这更多的是机会而不是挫折，并认为该股的下跌是只见树木不见森林——这是市场的标志。这些指标比许多报告显示的要强，这种回调也有助于防止该股情绪高涨并与基础指标脱钩。在可能的短暂下跌趋势中逐步积累可能是最好的行动方案。</blockquote></p><p> <b>By The Numbers</b></p><p><blockquote><b>按数字</b></blockquote></p><p> Q2 2021 top-line revenue came in at $113B compared to Q1 2021 $108.5B, a 4% quarterly increase. Revenue was up 27% compared to Q2 2020. EBITDA for Q2 2021 was up a whopping 36% over the same period in 2020, however was down 14% from Q1 2021. However, due to the cyclical nature of retail, I prefer to analyze the data using the trailing twelve months (TTMs) by quarter.</p><p><blockquote>2021年第二季度的营收为$113B，而2021年第一季度为$1085亿B，季度增长4%。与2020年第二季度相比，收入增长了27%。Q2 2021的EBITDA比2020年同期增长了36%，但比Q1 2021下降了14%。然而，由于零售业的周期性，我更喜欢按季度使用过去12个月(TTM)来分析数据。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d1ed6c9704fb13ff3e6023f99bbfef6\" tg-width=\"640\" tg-height=\"355\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表。</span></p></blockquote></p><p> Over the TTMs Amazon generated $443B in revenues and an impressive $59B in EBITDA. While growth certainly slowed from Q1 2021 savvy investors understand that data does not exist in a vacuum and must be put in proper context. Covid created immense growth that was known to be inorganic as many who would typically frequent brick-and-mortar stores shopped from home. Many of these folks will continue to frequent Amazon, while some will return to previous habits. Still, others likely returned to retail upon lifting of restrictions just to leave the house and feel normal and will utilize online retail more once the novelty wears off. The same logic applies to Amazon's digital offerings. For these reasons, Q2 2021 growth was destined to slow from the breakneck pace of the prior periods, however, the Company still managed to grow revenue nearly 6% over the prior TTMs and, as stated above, 4% over Q1 2021 - no small feat. The Delta variant and likely return to restrictions and caution from shoppers will again change the game for the final 2 months of Q3 and likely for Q4 2021. Frankly, and amazingly, I believe we are about to be caught flat-footed against this variant which will be bad for many, but possibly positive for Amazon's sales in Q3 and Q4 2021.</p><p><blockquote>在TTMs期间，亚马逊创造了4430亿美元的收入和令人印象深刻的590亿美元的EBITDA。尽管增长肯定比2021年第一季度有所放缓，但精明的投资者明白，数据并不存在于真空中，必须放在适当的背景下。Covid创造了巨大的增长，众所周知，这种增长是无机的，因为许多通常经常去实体店购物的人会在家购物。这些人中的许多人将继续经常光顾亚马逊，而一些人将恢复以前的习惯。尽管如此，其他人可能会在限制解除后重返零售业，只是为了离开家，感觉正常，一旦新鲜感消失，他们会更多地利用在线零售。同样的逻辑也适用于亚马逊的数字产品。由于这些原因，Q2 2021的增长注定会比之前时期的极快速度放缓，然而，该公司的收入仍然比之前的TTM增长了近6%，如上所述，比Q1 2021增长了4%——这不是一个小壮举。德尔塔变异毒株以及购物者可能回归的限制和谨慎将再次改变第三季度最后两个月以及2021年第四季度的游戏规则。坦率地说，令人惊讶的是，我相信我们即将对这种变体措手不及，这对许多人来说是不利的，但可能对亚马逊2021年第三季度和第四季度的销售是积极的。</blockquote></p><p> The data on a per share basis tells much the same story as above.</p><p><blockquote>每股数据讲述了与上述大致相同的故事。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2579a946b7ba2fabbba19737ce423223\" tg-width=\"640\" tg-height=\"355\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表。</span></p></blockquote></p><p> Revenue growth per share is solid while EBITDA and cash from operations per share have stalled. Many have expressed concern with the decrease in cash flow from operations, however, I prefer to use levered free cash flow (LFCF) as I believe it is a better metric to determine true cash available to shareholders. Cash flow from operations (CFO) is impacted by temporary changes in accounts receivable and accounts payable (changes in working capital), and does not account for capital expenditures (CAPEX) or debt payments. LFCF is a better measure of the cash available once all obligations have been met.</p><p><blockquote>每股收入增长稳健，而EBITDA和每股运营现金却停滞不前。许多人对运营现金流的减少表示担忧，但是，我更喜欢使用杠杆自由现金流（LFCF），因为我相信它是确定股东可用真实现金的更好指标。运营现金流（CFO）受到应收账款和应付账款临时变化（营运资金变化）的影响，不考虑资本支出（CAPEX）或债务支付。LFCF是衡量履行所有义务后可用现金的更好指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1bd80529fd7e9ffd40dd4bc8e8eeb1e\" tg-width=\"640\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> The Company's LFCF is down from the Covid holiday boom, but still rose significantly from 2019 results and was still up on a quarterly basis.</p><p><blockquote>该公司的LFCF较新冠疫情假期热潮有所下降，但仍较2019年业绩大幅上升，并且仍按季度增长。</blockquote></p><p> Further, when measuring results, the quality of the earnings can be brought to light by measuring LFCF as a percentage of either net income or EBITDA. I compared Amazon's LFCF/EBITDA to some of the most successful companies, including a lesser-known name, Intuitive Surgical, Inc (ISRG) that, if you are unfamiliar with this company, I encourage you to explore this juggernauthereandhere.</p><p><blockquote>此外，在衡量业绩时，可以通过衡量LFCF占净利润或EBITDA的百分比来揭示收益的质量。我将亚马逊的LFCF/EBITDA与一些最成功的公司进行了比较，包括一个鲜为人知的名字Intuitive Surgical，Inc(ISRG)，如果您不熟悉这家公司，我鼓励您在这里和这里探索这家巨头。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/663cb272a8fcfb13d7585052057e80d9\" tg-width=\"640\" tg-height=\"416\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha *Stocks with different fiscal years are as of the closest period*</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表由作者根据Seeking Alpha*不同财政年度的股票截至最近的时期*</span></p></blockquote></p><p> As shown, Amazon has come back to earth a bit from the pandemic heights, however still produces better LFCF/EBITDA consistently more than retail competitor Walmart (WMT), and also Microsoft (MSFT) and NVIDIA (NVDA), while lagging Visa (V), Mastercard (MA), and Apple (AAPL) which generally spend much less on CAPEX. It is also clear why I am so bullish on Intuitive Surgical. For Amazon, it is apparent that the pandemic boost lost steam in Q2 2021, however, the results were still quite positive.</p><p><blockquote>如图所示，亚马逊已经从大流行的高度恢复了一些，但亚马逊的LFCF/EBITDA仍然比零售竞争对手沃尔玛(WMT)、微软(MSFT)和英伟达(NVDA)更好，同时落后于Visa(V)、万事达卡(MA)和苹果(AAPL)的资本支出通常要少得多。我如此看好直觉外科的原因也很清楚。对于亚马逊来说，很明显，疫情的提振在2021年第二季度失去了动力，然而，结果仍然相当积极。</blockquote></p><p> <b>Valuation &amp; Opportunity</b></p><p><blockquote><b>估值与机会</b></blockquote></p><p> While Amazon's quarter was impressive by most standards, it disappointed many who decided to take profits last week.</p><p><blockquote>尽管以大多数标准来看，亚马逊的季度业绩令人印象深刻，但它让许多上周决定获利了结的人感到失望。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4294120fff82efc817695d0fd339b97d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> For long-term investors, this is not necessarily a negative. If one is still adding money to investment accounts or looking to take profits in other holdings and reallocate funds, the drawback represents an opportunity. I prefer to accumulate incrementally during a downturn rather than trying to call a bottom. How long it continues and how low the stock falls is unknown, however, I believe the downtrend will be short-lived. Another reason not to be rattled by the sell-off last week is that the stock has avoided the dreaded euphoria that likely would have caused the valuation to decouple from results leaving long-term investors in a poor place to add shares. The pullback will allow the fundamentals to catch up to the valuation a bit. Below I have compared Amazon's valuation to some of the outstanding companies above and also added digital rival Netflix (NFLX), Seeking Alpha fan-favorite Palantir (PLTR), and the ever-polarizing Tesla (TSLA) for additional context.</p><p><blockquote>对于长期投资者来说，这不一定是负面的。如果一个人仍在向投资账户添加资金，或者希望在其他持股中获利并重新分配资金，那么缺点就代表着一个机会。我更喜欢在经济低迷时期逐步积累，而不是试图看涨期权触底。持续多久以及股价跌到多低尚不得而知，不过，我相信下跌趋势将是短暂的。不要对上周的抛售感到不安的另一个原因是，该股避免了可怕的兴奋情绪，这种情绪可能会导致估值与业绩脱钩，从而使长期投资者难以增持股票。回调将使基本面稍微赶上估值。下面我将Amazon的估值与上述一些杰出公司进行了比较，并添加了数字竞争对手Netflix(NFLX)、Seeking Alpha粉丝最喜欢的Palantir(PLTR)和日益两极分化的特斯拉(TSLA)以获取更多背景信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/731887f1f1ce0523e160d6d84ab6926d\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Y-charts. FWD revenue growth from Seeking Alpha.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用Y形图中的数据创建的图表。Seeking Alpha带来的FWD收入增长。</span></p></blockquote></p><p> Note that forward revenue growth estimates (YOY) are listed for consideration.</p><p><blockquote>请注意，列出了前瞻性收入增长预测（同比）以供考虑。</blockquote></p><p> I have also seen concern expressed for the enterprise value to cash from operations (EV/CFO), however, this does not convince me that there is long-term trouble in this area, especially in light of the increase in LFCF.</p><p><blockquote>我也看到了对企业运营现金价值（EV/CFO）的担忧，但是，这并不能让我相信这一领域存在长期问题，特别是考虑到LFCF的增加。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0aae66565cdd74d312dd57dc4427046f\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Finally, the short interest can be a useful tool to determine when the stock has become overvalued. Amazon is again running less than 1% of the float short, which is an indication that the downswing may be short and shallow.</p><p><blockquote>最后，空头利息可以成为确定股票何时被高估的有用工具。亚马逊的流通量再次低于1%，这表明下跌可能是短暂而浅的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f017302a7066ca29108962726a968d48\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The short interest is near historic lows, pandemic notwithstanding, and after a brief rise as shares touched $3,700 is again falling. The short interest at this level tells me that while some grumble about the Company's value, few are willing to put their money where their mouth is at this point. I have included the short interest of other stocks discussed below for comparison.</p><p><blockquote>尽管发生了大流行，空头兴趣仍接近历史低点，并且在股价触及3,700美元后短暂上涨后再次下跌。这个水平的空头兴趣告诉我，虽然有些人抱怨公司的价值，但很少有人愿意在这一点上把钱花在他们的嘴上。我已经包括了下面讨论的其他股票的空头利息以进行比较。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bad5c8a348a24ddbc7043e6299aa254\" tg-width=\"640\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from TD Ameritrade.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用TD Ameritrade的数据创建的图表。</span></p></blockquote></p><p> <b>CEO Transition &amp; Obstacles Ahead</b></p><p><blockquote><b>首席执行官过渡和未来的障碍</b></blockquote></p><p> Jeff Bezos is an extremely savvy executive and likely could see that, post-pandemic, the heavy lifting would begin in earnest. He chose to enjoy his billions and take a rocket into space while on top. I certainly don't blame him. Meanwhile, new CEO Andy Jassy assumes command after 24 years with the Company. While some may see Bezos stepping down as a negative, it can also allow an opportunity for the new CEO with a fresh voice and something to prove. Apple has thrived after the transition from Steve Jobs to Tim Cook and hopefully, this will also be the case at Amazon. His job won't be easy as congress seeks increased regulations on large tech and the labor force presents challenges on multiple fronts. Jassy is largely credited for growing the highly profitable AWS arm of the Company which shows from where management believes much of the future growth is likely to come.</p><p><blockquote>杰夫·贝索斯是一位非常精明的高管，他可能会看到，在大流行之后，繁重的工作将正式开始。他选择享受他的数十亿美元，并在顶端乘坐火箭进入太空。我当然不怪他。与此同时，新任首席执行官安迪·贾西(Andy Jassy)在公司工作了24年后上任。虽然有些人可能认为贝佐斯的辞职是一个负面消息，但这也可以为新任首席执行官提供一个拥有新鲜声音和证明的机会。苹果在从史蒂夫·乔布斯到蒂姆·库克的转变之后蓬勃发展，希望亚马逊也能如此。他的工作并不容易，因为国会寻求加强对大型科技公司的监管，而劳动力在多个方面面临挑战。Jassy在很大程度上因发展了该公司高利润的AWS部门而受到赞誉，这表明管理层认为未来的大部分增长可能来自哪里。</blockquote></p><p> <b>Risks and Uncertainties</b></p><p><blockquote><b>风险及不明朗因素</b></blockquote></p><p></p><p> As mentioned above, congressional leaders from both parties have expressed concerns with the power of large tech companies and pledged to reign them in. This could negatively affect results and there is the possibility that some large tech companies would be forced to spin-off segments. Spin-offs would not necessarily be detrimental to current shareholders, however, the market despises uncertainty and this could cause the share price to further retreat. On the other hand, congress is full of tough talk and weak action so I am skeptical.</p><p><blockquote>如上所述，两党的国会领导人都对大型科技公司的力量表示担忧，并承诺控制它们。这可能会对业绩产生负面影响，一些大型科技公司可能会被迫分拆细分市场。分拆不一定对现有股东不利，但市场鄙视不确定性，这可能会导致股价进一步回落。另一方面，国会充满了强硬的言论和软弱的行动，所以我持怀疑态度。</blockquote></p><p> Also mentioned above are the labor issues. The workforce becoming unionized could affect profit margins. More generally, the entire labor market is tight at the moment causing shortages of workers and rising wages. Rising wages across the economy will also serve to increase the spending power of consumers which has potential benefits for a company like Amazon.</p><p><blockquote>上面还提到了劳工问题。劳动力加入工会可能会影响利润率。更一般地说，目前整个劳动力市场紧张，导致工人短缺和工资上涨。整个经济中工资的上涨也将有助于提高消费者的消费能力，这对亚马逊这样的公司来说有潜在的好处。</blockquote></p><p> The market wasnot impressedby Q2 2021 earnings and the stock took a substantial hit. This downtrend may continue while investors exercise caution post-Bezos and post-retail reopening, which is why I recommend incremental buying.</p><p><blockquote>市场对2021年第二季度的盈利并不满意，该股遭受了重大打击。这种下跌趋势可能会持续下去，而投资者在贝佐斯和零售重新开放后保持谨慎，这就是为什么我建议增量买入。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> When I see a headline on Seeking Alpha that \"Department store stocks rally, while online retailers sell off\", I see an opportunity. This development is remarkably short-sighted and unlikely to last.</p><p><blockquote>当我在Seeking Alpha上看到“百货公司股票上涨，而在线零售商抛售”的标题时，我看到了一个机会。这种发展非常短视，不太可能持续下去。</blockquote></p><p> Amazon's Q2 2021 results have caused many investors to take profits and some to claim that the Company's stellar run is over. The numbers, while tempered from the pandemic highs, are still impressive and a growth runway remains in the Company's most profitable segments. The new CEO will face the coming challenges with heaps of LFCF and the stock's valuation has become more favorable to long-term investors. This is not the first time the stock has pulled back from a seemingly weak quarter and in every instance, the correct move for long-term investors is crystal clear.</p><p><blockquote>亚马逊2021年第二季度的业绩导致许多投资者获利了结，一些投资者声称该公司的辉煌业绩已经结束。这些数字虽然较大流行的高点有所缓和，但仍然令人印象深刻，该公司最赚钱的部门仍有增长跑道。新任首席执行官将面临大量LFCF的挑战，而且该股的估值对长期投资者来说变得更加有利。这并不是该股第一次从看似疲软的季度中回调，在每种情况下，长期投资者的正确举动都是非常明确的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4443869-amazons-disappointing-quarterly-results-are-a-gift\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4443869-amazons-disappointing-quarterly-results-are-a-gift","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159609817","content_text":"Summary\n\nDespite what some have characterized as a disappointing quarter, Amazon remains one of the highest quality stocks in the market with a long runway still ahead.\nAfter previous pandemic-fueled results and this year's reopening excitement, the results were bound to retreat at the margin leaving the new CEO with some upcoming heavy lifting.\nDespair not! This is an opportunity for long-term investors to accumulate shares incrementally as the stock retreats.\n\nSpencer Platt/Getty Images News\nInvestment Thesis:\nAmazon (AMZN) (also, \"the Company\" hereafter) reported results that disappointed some who may not have anticipated a retreat from the pandemic-fueled growth rates seen previously. As an investor who is still accumulating chips, I see this as more opportunity than setback and see the stock's retreat as missing the forest for the trees - a market hallmark. The metrics are stronger than many reports indicate and this pullback also acts to keep the stock from going euphoric and decoupling from underlying metrics. Accumulating incrementally during the likely brief downtrend may be the best course of action.\nBy The Numbers\nQ2 2021 top-line revenue came in at $113B compared to Q1 2021 $108.5B, a 4% quarterly increase. Revenue was up 27% compared to Q2 2020. EBITDA for Q2 2021 was up a whopping 36% over the same period in 2020, however was down 14% from Q1 2021. However, due to the cyclical nature of retail, I prefer to analyze the data using the trailing twelve months (TTMs) by quarter.\nChart created by author with data from Seeking Alpha.\nOver the TTMs Amazon generated $443B in revenues and an impressive $59B in EBITDA. While growth certainly slowed from Q1 2021 savvy investors understand that data does not exist in a vacuum and must be put in proper context. Covid created immense growth that was known to be inorganic as many who would typically frequent brick-and-mortar stores shopped from home. Many of these folks will continue to frequent Amazon, while some will return to previous habits. Still, others likely returned to retail upon lifting of restrictions just to leave the house and feel normal and will utilize online retail more once the novelty wears off. The same logic applies to Amazon's digital offerings. For these reasons, Q2 2021 growth was destined to slow from the breakneck pace of the prior periods, however, the Company still managed to grow revenue nearly 6% over the prior TTMs and, as stated above, 4% over Q1 2021 - no small feat. The Delta variant and likely return to restrictions and caution from shoppers will again change the game for the final 2 months of Q3 and likely for Q4 2021. Frankly, and amazingly, I believe we are about to be caught flat-footed against this variant which will be bad for many, but possibly positive for Amazon's sales in Q3 and Q4 2021.\nThe data on a per share basis tells much the same story as above.\nChart created by author with data from Seeking Alpha.\nRevenue growth per share is solid while EBITDA and cash from operations per share have stalled. Many have expressed concern with the decrease in cash flow from operations, however, I prefer to use levered free cash flow (LFCF) as I believe it is a better metric to determine true cash available to shareholders. Cash flow from operations (CFO) is impacted by temporary changes in accounts receivable and accounts payable (changes in working capital), and does not account for capital expenditures (CAPEX) or debt payments. LFCF is a better measure of the cash available once all obligations have been met.\nChart created by author with data from Seeking Alpha\nThe Company's LFCF is down from the Covid holiday boom, but still rose significantly from 2019 results and was still up on a quarterly basis.\nFurther, when measuring results, the quality of the earnings can be brought to light by measuring LFCF as a percentage of either net income or EBITDA. I compared Amazon's LFCF/EBITDA to some of the most successful companies, including a lesser-known name, Intuitive Surgical, Inc (ISRG) that, if you are unfamiliar with this company, I encourage you to explore this juggernauthereandhere.\nChart created by author with data from Seeking Alpha *Stocks with different fiscal years are as of the closest period*\nAs shown, Amazon has come back to earth a bit from the pandemic heights, however still produces better LFCF/EBITDA consistently more than retail competitor Walmart (WMT), and also Microsoft (MSFT) and NVIDIA (NVDA), while lagging Visa (V), Mastercard (MA), and Apple (AAPL) which generally spend much less on CAPEX. It is also clear why I am so bullish on Intuitive Surgical. For Amazon, it is apparent that the pandemic boost lost steam in Q2 2021, however, the results were still quite positive.\nValuation & Opportunity\nWhile Amazon's quarter was impressive by most standards, it disappointed many who decided to take profits last week.\nData by YCharts\nFor long-term investors, this is not necessarily a negative. If one is still adding money to investment accounts or looking to take profits in other holdings and reallocate funds, the drawback represents an opportunity. I prefer to accumulate incrementally during a downturn rather than trying to call a bottom. How long it continues and how low the stock falls is unknown, however, I believe the downtrend will be short-lived. Another reason not to be rattled by the sell-off last week is that the stock has avoided the dreaded euphoria that likely would have caused the valuation to decouple from results leaving long-term investors in a poor place to add shares. The pullback will allow the fundamentals to catch up to the valuation a bit. Below I have compared Amazon's valuation to some of the outstanding companies above and also added digital rival Netflix (NFLX), Seeking Alpha fan-favorite Palantir (PLTR), and the ever-polarizing Tesla (TSLA) for additional context.\nChart created by author with data from Y-charts. FWD revenue growth from Seeking Alpha.\nNote that forward revenue growth estimates (YOY) are listed for consideration.\nI have also seen concern expressed for the enterprise value to cash from operations (EV/CFO), however, this does not convince me that there is long-term trouble in this area, especially in light of the increase in LFCF.\nData by YCharts\nFinally, the short interest can be a useful tool to determine when the stock has become overvalued. Amazon is again running less than 1% of the float short, which is an indication that the downswing may be short and shallow.\nData by YCharts\nThe short interest is near historic lows, pandemic notwithstanding, and after a brief rise as shares touched $3,700 is again falling. The short interest at this level tells me that while some grumble about the Company's value, few are willing to put their money where their mouth is at this point. I have included the short interest of other stocks discussed below for comparison.\nChart created by author with data from TD Ameritrade.\nCEO Transition & Obstacles Ahead\nJeff Bezos is an extremely savvy executive and likely could see that, post-pandemic, the heavy lifting would begin in earnest. He chose to enjoy his billions and take a rocket into space while on top. I certainly don't blame him. Meanwhile, new CEO Andy Jassy assumes command after 24 years with the Company. While some may see Bezos stepping down as a negative, it can also allow an opportunity for the new CEO with a fresh voice and something to prove. Apple has thrived after the transition from Steve Jobs to Tim Cook and hopefully, this will also be the case at Amazon. His job won't be easy as congress seeks increased regulations on large tech and the labor force presents challenges on multiple fronts. Jassy is largely credited for growing the highly profitable AWS arm of the Company which shows from where management believes much of the future growth is likely to come.\nRisks and Uncertainties\nAs mentioned above, congressional leaders from both parties have expressed concerns with the power of large tech companies and pledged to reign them in. This could negatively affect results and there is the possibility that some large tech companies would be forced to spin-off segments. Spin-offs would not necessarily be detrimental to current shareholders, however, the market despises uncertainty and this could cause the share price to further retreat. On the other hand, congress is full of tough talk and weak action so I am skeptical.\nAlso mentioned above are the labor issues. The workforce becoming unionized could affect profit margins. More generally, the entire labor market is tight at the moment causing shortages of workers and rising wages. Rising wages across the economy will also serve to increase the spending power of consumers which has potential benefits for a company like Amazon.\nThe market wasnot impressedby Q2 2021 earnings and the stock took a substantial hit. This downtrend may continue while investors exercise caution post-Bezos and post-retail reopening, which is why I recommend incremental buying.\nConclusion\nWhen I see a headline on Seeking Alpha that \"Department store stocks rally, while online retailers sell off\", I see an opportunity. This development is remarkably short-sighted and unlikely to last.\nAmazon's Q2 2021 results have caused many investors to take profits and some to claim that the Company's stellar run is over. The numbers, while tempered from the pandemic highs, are still impressive and a growth runway remains in the Company's most profitable segments. The new CEO will face the coming challenges with heaps of LFCF and the stock's valuation has become more favorable to long-term investors. This is not the first time the stock has pulled back from a seemingly weak quarter and in every instance, the correct move for long-term investors is crystal clear.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177911380,"gmtCreate":1627175242040,"gmtModify":1631885044981,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BVA.SI\">$TOP GLOVE CORPORATION BHD(BVA.SI)$</a>[强]&nbsp;","listText":"<a href=\"https://laohu8.com/S/BVA.SI\">$TOP GLOVE CORPORATION BHD(BVA.SI)$</a>[强]&nbsp;","text":"$TOP GLOVE CORPORATION BHD(BVA.SI)$[强]","images":[{"img":"https://static.tigerbbs.com/e26eb63579c6d928c71be0b949930a45","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177911380","isVote":1,"tweetType":1,"viewCount":873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":833504537,"gmtCreate":1629248275129,"gmtModify":1631890436275,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/833504537","repostId":"1194174383","repostType":4,"repost":{"id":"1194174383","kind":"news","pubTimestamp":1629246519,"share":"https://www.laohu8.com/m/news/1194174383?lang=zh_CN&edition=full","pubTime":"2021-08-18 08:28","market":"us","language":"en","title":"Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194174383","media":"Barrons","summary":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chi","content":"<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-18 08:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194174383","content_text":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.\nWhy is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.\nThis year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.\nThe new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.\nThe company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.\nJust like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.\nBMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.\nFor the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.\nInvestors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for four straight quarters.\nThe rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.\nInvestors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.\nThe company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.\nShares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895170755,"gmtCreate":1628730948677,"gmtModify":1631890436285,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895170755","repostId":"1146833505","repostType":4,"isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878281363,"gmtCreate":1637197447071,"gmtModify":1637197447071,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Pump and dump","listText":"Pump and dump","text":"Pump and dump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878281363","repostId":"1115787772","repostType":2,"repost":{"id":"1115787772","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637193439,"share":"https://www.laohu8.com/m/news/1115787772?lang=zh_CN&edition=full","pubTime":"2021-11-18 07:57","market":"sh","language":"zh","title":"昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨","url":"https://stock-news.laohu8.com/highlight/detail?id=1115787772","media":"老虎资讯综合","summary":"摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调","content":"<blockquote>\n 摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n</blockquote>\n<p>海外市场</p>\n<p>1、道指收跌0.58%！抗疫概念股逆市大涨</p>\n<p>大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。</p>\n<p>美股抗疫概念股逆市大涨，<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>涨超7%，NioNTech涨超5%，Moderna涨超3%。</p>\n<p>2、热门中概股周三收盘多数走低 <a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%</p>\n<p>热门中概股周三收盘多数走低，<a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%，三季度营收及净亏损均差于预期。</p>\n<p>其他中概股方面，<a href=\"https://laohu8.com/S/ZME\">掌门教育</a>涨超38%，雾芯科技涨超3%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超2%，<a href=\"https://laohu8.com/S/NTES\">网易</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超1%；<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌近9%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>跌近8%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌超4%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌超3%，携程跌2%。</p>\n<p>新能源汽车股中，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌超3%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超2%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>跌近2%。</p>\n<p>3、欧股主要指数涨跌互现 <a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数跌0.49%</p>\n<p>欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。</p>\n<p>4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价</p>\n<p>据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。</p>\n<p>最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。</p>\n<p>5、黄金期货周三收高0.9% 创6月以来最高收盘价</p>\n<p>通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。</p>\n<p>国际宏观</p>\n<p>1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查</p>\n<p>美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。</p>\n<p>在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”</p>\n<p>拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。</p>\n<p>2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险</p>\n<p>美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。</p>\n<p>3、伊朗南部一输油管道发生爆炸，周围地区有震感</p>\n<p>据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。</p>\n<p>4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”</p>\n<p>据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”</p>\n<p>默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。</p>\n<p>5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度</p>\n<p>美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。</p>\n<p>6、欧洲央行官员再强调2022年不会加息</p>\n<p>欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。</p>\n<p>公司新闻</p>\n<p>1、<a href=\"https://laohu8.com/S/QCOM\">高通</a>宣布2023年推出下一代Arm处理器：对标<a href=\"https://laohu8.com/S/AAPL\">苹果</a>M系列</p>\n<p>11 月17日消息，<a href=\"https://laohu8.com/S/QCOM\">高通</a>正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。</p>\n<p>2、<a href=\"https://laohu8.com/NW/2184851022\" target=\"_blank\"><b>英伟达收入、利润、指引均超预期，盘后股价涨超5%</b></a></p>\n<p>周三美股盘后，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。</p>\n<p>3、<a href=\"https://laohu8.com/NW/1141324420\" target=\"_blank\">百度第三季度营收319亿元 同比增长13%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BIDU\">百度</a>发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。</p>\n<p>4、<a href=\"https://laohu8.com/NW/1156795857\" target=\"_blank\">B站三季度营收52.1亿元 同比增61%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。</p>\n<p>5、<a href=\"https://laohu8.com/NW/1170717496\" target=\"_blank\">财报不及预期 周三爱奇艺股价大跌17.23%</a></p>\n<p>美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。</p>\n<p>爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。</p>\n<p>爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。</p>\n<p>6、<a href=\"https://laohu8.com/NW/2184833903\" target=\"_blank\">IBM公布迄今全球最大超导量子计算机，含127个量子比特</a></p>\n<p>11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。</p>\n<p>但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。</p>\n<p>7、<a href=\"https://laohu8.com/NW/2184874856\" target=\"_blank\">阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查</a></p>\n<p>名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。</p>\n<p>这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>和AMC。</p>\n<p>8、<a href=\"https://laohu8.com/NW/2184859697\" target=\"_blank\">德国初创车企Sono上市首日暴涨，盘后再涨逾20%</a></p>\n<p>周三（11月17日），德国<a href=\"https://laohu8.com/S/000591\">太阳能</a>汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。</p>\n<p>9、<a href=\"https://laohu8.com/NW/2184561852\" target=\"_blank\">思科财报不及预期，盘后股价一度跌近7%</a></p>\n<p>美东时间11月17日（周三）美股盘后，<a href=\"https://laohu8.com/S/CSCO\">思科</a>公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。</p>\n<p>10、<a href=\"https://laohu8.com/NW/2184585820\" target=\"_blank\">郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E</a></p>\n<p>苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。</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>昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨</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\">\n昨夜今晨：Rivian重挫15%终结五连阳！抗疫概念股大涨\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-11-18 07:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n</blockquote>\n<p>海外市场</p>\n<p>1、道指收跌0.58%！抗疫概念股逆市大涨</p>\n<p>大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。</p>\n<p>美股抗疫概念股逆市大涨，<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>涨超7%，NioNTech涨超5%，Moderna涨超3%。</p>\n<p>2、热门中概股周三收盘多数走低 <a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%</p>\n<p>热门中概股周三收盘多数走低，<a href=\"https://laohu8.com/S/IQ\">爱奇艺</a>大跌逾17%，三季度营收及净亏损均差于预期。</p>\n<p>其他中概股方面，<a href=\"https://laohu8.com/S/ZME\">掌门教育</a>涨超38%，雾芯科技涨超3%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>涨超2%，<a href=\"https://laohu8.com/S/NTES\">网易</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超1%；<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌近9%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>跌近8%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌超4%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌超3%，携程跌2%。</p>\n<p>新能源汽车股中，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌超3%，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超2%，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>跌近2%。</p>\n<p>3、欧股主要指数涨跌互现 <a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数跌0.49%</p>\n<p>欧洲<a href=\"https://laohu8.com/S/ICE\">洲际交易所</a>1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。</p>\n<p>4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价</p>\n<p>据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。</p>\n<p>最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。</p>\n<p>5、黄金期货周三收高0.9% 创6月以来最高收盘价</p>\n<p>通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。</p>\n<p>国际宏观</p>\n<p>1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查</p>\n<p>美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。</p>\n<p>在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”</p>\n<p>拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。</p>\n<p>2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险</p>\n<p>美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。</p>\n<p>3、伊朗南部一输油管道发生爆炸，周围地区有震感</p>\n<p>据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。</p>\n<p>4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”</p>\n<p>据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”</p>\n<p>默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。</p>\n<p>5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度</p>\n<p>美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。</p>\n<p>6、欧洲央行官员再强调2022年不会加息</p>\n<p>欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。</p>\n<p>公司新闻</p>\n<p>1、<a href=\"https://laohu8.com/S/QCOM\">高通</a>宣布2023年推出下一代Arm处理器：对标<a href=\"https://laohu8.com/S/AAPL\">苹果</a>M系列</p>\n<p>11 月17日消息，<a href=\"https://laohu8.com/S/QCOM\">高通</a>正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。</p>\n<p>2、<a href=\"https://laohu8.com/NW/2184851022\" target=\"_blank\"><b>英伟达收入、利润、指引均超预期，盘后股价涨超5%</b></a></p>\n<p>周三美股盘后，<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。</p>\n<p>3、<a href=\"https://laohu8.com/NW/1141324420\" target=\"_blank\">百度第三季度营收319亿元 同比增长13%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BIDU\">百度</a>发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。</p>\n<p>4、<a href=\"https://laohu8.com/NW/1156795857\" target=\"_blank\">B站三季度营收52.1亿元 同比增61%</a></p>\n<p>11月17日，<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。</p>\n<p>5、<a href=\"https://laohu8.com/NW/1170717496\" target=\"_blank\">财报不及预期 周三爱奇艺股价大跌17.23%</a></p>\n<p>美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。</p>\n<p>爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。</p>\n<p>爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。</p>\n<p>6、<a href=\"https://laohu8.com/NW/2184833903\" target=\"_blank\">IBM公布迄今全球最大超导量子计算机，含127个量子比特</a></p>\n<p>11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。</p>\n<p>但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。</p>\n<p>7、<a href=\"https://laohu8.com/NW/2184874856\" target=\"_blank\">阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查</a></p>\n<p>名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。</p>\n<p>这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>和AMC。</p>\n<p>8、<a href=\"https://laohu8.com/NW/2184859697\" target=\"_blank\">德国初创车企Sono上市首日暴涨，盘后再涨逾20%</a></p>\n<p>周三（11月17日），德国<a href=\"https://laohu8.com/S/000591\">太阳能</a>汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。</p>\n<p>9、<a href=\"https://laohu8.com/NW/2184561852\" target=\"_blank\">思科财报不及预期，盘后股价一度跌近7%</a></p>\n<p>美东时间11月17日（周三）美股盘后，<a href=\"https://laohu8.com/S/CSCO\">思科</a>公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。</p>\n<p>10、<a href=\"https://laohu8.com/NW/2184585820\" target=\"_blank\">郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E</a></p>\n<p>苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)",".SPX":"S&P 500 Index","RIVN":"Rivian Automotive, Inc.",".IXIC":"NASDAQ Composite","BK4099":"汽车制造商",".DJI":"道琼斯","USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115787772","content_text":"摘要：①美股周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%；②周三美油收跌3%，布油跌2.6%，均创10月初以来最低收盘价；③美国汽油价格今年飙升五成，拜登敦促联邦机构调查。\n\n海外市场\n1、道指收跌0.58%！抗疫概念股逆市大涨\n大型零售商的业绩增长未能使市场摆脱通胀担忧，美股三大指数周三集体下跌。道指跌0.58%，标普500指数跌0.26%，纳指跌0.33%。\n美股抗疫概念股逆市大涨，诺瓦瓦克斯医药涨超7%，NioNTech涨超5%，Moderna涨超3%。\n2、热门中概股周三收盘多数走低 爱奇艺大跌逾17%\n热门中概股周三收盘多数走低，爱奇艺大跌逾17%，三季度营收及净亏损均差于预期。\n其他中概股方面，掌门教育涨超38%，雾芯科技涨超3%，新东方涨超2%，网易、好未来涨超1%；哔哩哔哩跌近9%，贝壳跌近8%，阿里巴巴、拼多多跌超4%，京东跌超3%，携程跌2%。\n新能源汽车股中，小鹏汽车跌超3%，蔚来汽车跌超2%，理想汽车跌近2%。\n3、欧股主要指数涨跌互现 英国富时100指数跌0.49%\n欧洲洲际交易所1月交割的布伦特原油期货价格下跌2.15美元，跌幅2.6%，收于每桶80.28美元，创10月1日以来的最低收盘价。\n4、周三美油收跌3%布油跌2.6% 均创10月初以来最低收盘价\n据报道，拜登在本周早些时候的一次虚拟会议上讨论了与外国联手释放原油储备的可能性，这条消息导致周三石油价格大幅下跌。\n最终，纽约商品交易所12月交割的西德州中质原油(WTI)期货价格下跌2.40美元，跌幅3%，收于每桶78.36美元，创10月7日以来的最低收盘价。\n5、黄金期货周三收高0.9% 创6月以来最高收盘价\n通胀飙升继续为贵金属价格提供支撑。最终，纽约商品交易所12月交割的黄金期货价格上涨16.10美元，涨幅0.9%，收于每盎司1870.20美元，创6月11日以来的最高收盘价。\n国际宏观\n1、美国汽油价格今年飙升五成 拜登敦促联邦机构调查\n美国总统拜登敦促联邦贸易委员会（FTC）调查美国汽油市场可能的非法行为，但该机构的任何调查都不太可能立刻对汽油零售价格产生影响。\n在致周三致FTC主席Lina Khan的信中，拜登表达了对汽油零售与批发价之间落差的担忧，称“越来越多证据表明石油和汽油公司存在侵犯消费者利益的行为。”\n拜登在信中称，“我不接受辛勤工作的美国人因为反竞争或其他潜在的非法行为而支付更高的汽油价格”。\n2、美财政部金融研究办公室：通胀、货币政策收紧或加剧系统性风险\n美国财政部金融研究办公室周三表示，通货膨胀、货币政策收紧和网络攻击可能会增加美国金融体系的系统性风险，同时可能出现新的新冠病毒变种。\n3、伊朗南部一输油管道发生爆炸，周围地区有震感\n据伊朗塔斯尼姆通讯社，位于伊朗西南部的胡齐斯坦省一条石油管道由于腐蚀作用而发生爆炸。根据该报道，管道爆炸威力较大，附近村庄发生轻微地震，目前尚无伤亡和损失细节报道。\n4、德国亮红灯！默克尔称第四波疫情正全速袭击、形势“耸人听闻”\n据多家德国媒体报道，在德国城市协会举办的一场活动中，默克尔表示：“第四波疫情正在全速袭击我们的国家。”、“单日新增感染病例数超过以往……单日死亡病例也令人恐惧。”\n默克尔在讲话中用“耸人听闻”一词形容德国的疫情形势。她号召国民积极接种疫苗，称现在任何一个没有接种过的人开始接种都不算太迟。\n5、美联储理事沃勒：仍对央行数字货币的必要性持怀疑态度\n美联储理事沃勒称，不同意稳定币的发行只能由银行来完成。鉴于支付领域正在发生真实而迅速的创新，仍对央行数字货币的必要性持怀疑态度。\n6、欧洲央行官员再强调2022年不会加息\n欧洲央行执委施纳贝尔认为，加息的条件不太可能在2022年实现。欧洲央行副行长金多斯也表示，个人认为2022年不会加息。17日，欧元区10月CPI月率录得0.8%，创3月以来新高。\n公司新闻\n1、高通宣布2023年推出下一代Arm处理器：对标苹果M系列\n11 月17日消息，高通正寻求认真加强其 PC 处理器，昨晚宣布了下一代基于 Arm 的处理器计划，“旨在为 Windows PC 设定性能基准”，将能够与苹果的 M 系列处理器并驾齐驱。高通首席技术官 James Thompson 博士在公司 2021 年投资者大会上宣布了新处理器的计划，目标是在 2023 年推出，推出前九个月内向硬件客户提供样品。\n2、英伟达收入、利润、指引均超预期，盘后股价涨超5%\n周三美股盘后，英伟达(NVDA.US)公布了其2022财年第三季度财务业绩。财报显示，该公司Q3营收为创纪录的71.03亿美元，好于市场预期的68.2亿美元，上年同期为47.26亿美元，同比增长50%；在GAAP会计准则下，净利润为24.64亿美元，上年同期为13.36亿美元，同比增长84%。\n3、百度第三季度营收319亿元 同比增长13%\n11月17日，百度发布截至2021年9月30日的第三季度未经审计的财务报告。第三季度，百度实现营收319亿元，同比增长13%。归属百度的净利润（非美国通用会计准则）50.9亿元，超出市场平均预期，同比下滑27%。第三季度，百度App月活达6.07亿，同比增长12%，日登录用户比例达到79%。\n4、B站三季度营收52.1亿元 同比增61%\n11月17日，哔哩哔哩公布了截至2021年9月30日的第三季度未经审计的财务报告。财报显示，B站三季度营收达52.1亿元人民币，同比增长61%。本季度，B站月均活跃用户达2.67亿，同比增长35%；日均活跃用户达7200万，同比增长35%。\n5、财报不及预期 周三爱奇艺股价大跌17.23%\n美股周三收盘，爱奇艺股价大跌17.23%，报7.11美元。\n爱奇艺此前发布了截至9月30日的2021年第三季度财报，报告显示，爱奇艺三季度总营收为人民币76亿元（约合12亿美元），同比增长6%。净亏损为人民币17亿元（约合2.684亿美元），而去年同期净亏损为人民币12亿元。\n爱奇艺预计，2021年第四季度总净营收将达人民币70.8亿元（约合11.0亿美元）至人民币75.3亿元（约合11.7亿美元），同比下滑5%至增长1%。\n6、IBM公布迄今全球最大超导量子计算机，含127个量子比特\n11月16日消息，本周一，IBM公司表示，其新型Eagle计算芯片可以将127个量子位串联在一起，并创造出世界上最大的超导量子计算机，其规模超过了谷歌和中国目前生产的最先进机器。其高管认为，该芯片将使量子计算机在未来两年内在某些任务上开始超越传统计算机。\n但目前IBM还未公布除量子比特数以外的信息来证明其新处理器的性能，众多专家表示对该处理器持保留意见。\n7、阿尔茨海默氏症临床试验有猫腻？大牛股Cassava遭SEC调查\n名不见经传、成立20多年还没有任何产品上市的美国小型生物制药公司Cassava Sciences可谓今年最引人注目、同时也频繁经历大起大落的Meme“散户网红股”之一。\n这家只有25名员工、总部位于美国得州奥斯汀市的公司堪称2021年涨势最猛生物科技股。今年7月所创52周新高146.16美元较去年底的6.82美元暴涨20倍，升至2000年互联网泡沫破灭以来最高，还一度成为罗素2000小盘股指数中涨幅第三大的股票，仅次于网红股游戏驿站和AMC。\n8、德国初创车企Sono上市首日暴涨，盘后再涨逾20%\n周三（11月17日），德国太阳能汽车初创公司Sono Motors的母公司Sono Group NV登陆纳斯达克首日暴涨，截至收盘，Sono股价较发行价涨154.7%，报38.2美元。盘后再涨20.21%，报45.92美元。\n9、思科财报不及预期，盘后股价一度跌近7%\n美东时间11月17日（周三）美股盘后，思科公布2022财年第一季度业绩。财报显示，第一季度营收为129.00亿美元，同比增长8%，分析师预期129.9亿美元；净利润为29.80亿美元，同比增长37%；摊薄后每股收益为0.70美元，上年同期为0.51美元。\n10、郭明錤曝光iPhone 14、苹果头戴显示器全面支持Wi-Fi 6E\n苹果爆料一哥、 天风国际分析师郭明錤发布最新研报。研报指出，iPhone 14与苹果头戴显示器均支持Wi-Fi 6E，有望带动更多竞争对手的产品采用Wi-Fi 6E。此前，郭明錤就曾预测，Wi-Fi 6/6E/7为元宇宙装置无线化关键，Wi-Fi供应链为10年内数十亿部头戴显示装置潜在市场的主要赢家。","news_type":1,"symbols_score_info":{"SCO":0.9,"UCO":0.9,".IXIC":0.9,"DDG":0.9,"DWT":0.9,"CLmain":0.9,"BZmain":0.9,"DWTIF":0.9,"DUG":0.9,".DJI":0.9,"USO":0.9,"UWTIF":0.9,".SPX":0.9,"RIVN":0.9,"QMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":892191604,"gmtCreate":1628642279208,"gmtModify":1631890436301,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892191604","repostId":"1138697562","repostType":4,"repost":{"id":"1138697562","kind":"news","pubTimestamp":1628642042,"share":"https://www.laohu8.com/m/news/1138697562?lang=zh_CN&edition=full","pubTime":"2021-08-11 08:34","market":"us","language":"en","title":"Apple Inc. And Buffett: Why He Bought And Why He Holds<blockquote>苹果和巴菲特：巴菲特为何买入和持有</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138697562","media":"Seeking Alpha","summary":"Summary\n\nThis article analyzes Apple under the context of it being the largest holding in the Buffet","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>This article analyzes <a href=\"https://laohu8.com/S/AAPL\">Apple</a> under the context of it being the largest holding in the Buffett portfolio.</li>  <li>This analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule.</li>  <li>And this analysis argues that Buffett holds the AAPL shares in the long term for its perpetual growth prospects, offering double-digit return even under its current expensive valuation.</li> </ul> <img src=\"https://static.tigerbbs.com/24b65798f03c6f9376257bba2741e588\" tg-width=\"768\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Justin Sullivan/Getty Images News</p><p><blockquote><ul><li>本文分析了<a href=\"https://laohu8.com/S/AAPL\">苹果</a>在它是巴菲特投资组合中最大持股的背景下。</li><li>这一分析是在我看涨期权巴菲特10倍税前规则的框架下进行的。</li><li>这一分析认为，巴菲特长期持有苹果公司股票是因为其永久增长前景，即使在目前昂贵的估值下，也能提供两位数的回报。</li></ul>贾斯汀·沙利文/盖蒂图片社新闻</blockquote></p><p> <h3><b>The investment thesis</b></h3> If you are reading this, chances are that you already know that AppleInc. (AAPL) is the largest position in Warren Buffett's Berkshire Hathaway portfolio. When many people wonder if the legend has lost his magic touch, and commented on his blunders with the airline stocks, they forgot that he made more than $100B from AAPL stocks alone! With his concentrated investment style, what he lost on the relatively minor bets such as the airlines is only a footnote.</p><p><blockquote><h3><b>投资论文</b></h3>如果你正在读这篇文章，很可能你已经知道苹果公司。（AAPL）是沃伦·巴菲特伯克希尔·哈撒韦投资组合中最大的头寸。当许多人怀疑这位传奇人物是否失去了他的魔力，并评论他在航空股上的失误时，他们忘记了他仅从AAPL股票上就赚了超过1000亿美元！以他集中的投资风格，他在航空公司等相对较小的赌注上输掉的只是一个注脚。</blockquote></p><p> This article analyzes AAPL under the context of it being the largest holding in the Buffett portfolio. This analysis first approaches his entry decision under a framework that I call the Buffett’s 10x Pretax Rule. And then this analysis argues that Buffett holds the AAPL shares in the long term NOT as a technology stock – he had made it clear enough that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual growth prospects. From this perspective, we will see that APPL will still offer double-digit return in the longer run even under its current expensive valuation.</p><p><blockquote>本文在AAPL是巴菲特投资组合中最大持股的背景下进行分析。本分析首先在我看涨期权巴菲特10倍税前规则的框架下探讨了巴菲特的进入决策。然后，这一分析认为，巴菲特长期持有苹果公司股票，而不是将其视为科技股——他已经明确表示，他不了解科技公司，也不会投资它们。他持有苹果公司一定是因为它的永久增长前景。从这个角度来看，我们将看到，即使在目前昂贵的估值下，APPL从长远来看仍将提供两位数的回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/348a1fb56faeceb8e956ad8f6fa3b09a\" tg-width=\"640\" tg-height=\"645\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source:&nbsp;DataRoma</p><p><blockquote>资料来源：DataRoma</blockquote></p><p> <h3><b>Buffett’s 10x Pretax Rule</b></h3> If you’re a devout Buffett cultist like this author, you must have noticed or heard that the grand master paid ~10x pretax earnings for many of his largest and best deals. The list is a really long one, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and of course the more recent AAPL purchase and his recent $25B&nbsp;repurchases of BRK.A&nbsp;shares as analyzed in my earlier article.</p><p><blockquote><h3><b>巴菲特的10倍税前规则</b></h3>如果您像这位作者一样是虔诚的巴菲特崇拜者，您一定注意到或听说过这位大师为他的许多最大和最好的交易支付了约10倍的税前收益。这个名单真的很长，包括可口可乐、美国运通、富国银行、沃尔玛、Burlington Northern，当然还有最近对AAPL的收购和他最近对BRK的25B美元回购。A股，正如我之前文章中所分析的那样。</blockquote></p><p> The following chart shows the price history of AAPL and its 10x pretax earning since 2010. Pretax earnings are also referred to as \"EBT\", Earning Before Taxes, in this article. As seen, Buffett made his purchases during 2016-2017 when the price is below or near 10x EBT. I was lucky enough to have made the AAPL purchases at that time myself too.</p><p><blockquote>下图显示了AAPL的价格历史及其自2010年以来10倍的税前收益。在本文中，税前收益也称为“EBT”，即税前收益。如图所示，巴菲特在2016年至2017年期间进行了购买，当时价格低于或接近EBT的10倍。我很幸运，当时我自己也购买了AAPL。</blockquote></p><p> Buffet himself also mentioned and discussed the 10x pretax multiple times in his shareholder meetings and Q&amp;A sessions. An example quote is provided below (highlighting was added by me):</p><p><blockquote>巴菲特本人也在股东大会和问答环节中多次提及和讨论了10倍税前。下面提供了一个示例报价（突出显示是我添加的）：</blockquote></p><p> Buffett: “Geico would be valued differently than Gen RE and other insurance businesses because it’s rational to assume a large underwriting profit and significant growth. You cannot say that about many insurance businesses. I would love to buy a new bunch of operating businesses with similar competitive positions to the ones we own now at nine to ten times pretax earnings.”</p><p><blockquote>巴菲特：“Geico的估值将与Gen RE和其他保险业务不同，因为假设承保利润大且增长显着是合理的。你不能对许多保险业务这么说。我很乐意购买一批新的运营业务，这些业务的竞争地位与我们现在拥有的业务相似，其税前收益为9到10倍。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9eec812a3eda60f950a1890eebc7dd34\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author based on Seeking Alpha data</p><p><blockquote>资料来源：作者基于Seeking Alpha数据</blockquote></p><p> So are there any reasons fundamental to this 10x pretax rule, or is it only a bunch of pure coincidences? I think it is the former and there are indeed many good reasons for this rule, as listed below.</p><p><blockquote>那么，这个10倍税前规则有什么根本原因吗，还是只是一堆纯粹的巧合？我认为是前者，这个规则确实有很多很好的理由，如下所列。</blockquote></p><p> <h3><b>First, Why pretax?</b></h3> Out of all the earning metrics, EPS, operation income, free cash, dividend, etc., why do we favor the pretax earning? I think there are at least two good reasons.</p><p><blockquote><h3><b>首先，为什么要税前？</b></h3>在所有盈利指标中，每股收益、营业收入、自由现金、股息等，为什么我们青睐税前收益？我认为至少有两个很好的理由。</blockquote></p><p></p><p> <ul>  <li>After tax earnings do not reflect business fundamentals. Taxes can change from time to time due to factors that have no relevance to business fundamentals, such as tax law changes and capital structure change. Plus there are plenty of ways to lower the actual tax burden of a company.</li> </ul> <ul>  <li>Pretax earnings are easier to benchmark, say against bond earnings. The best equity investments are bond like, and when we speak of bond yield, that yield is pretax. So a 10x EBT would provide a 10% pretax earning yield, directly comparable to a 10% yield bond.</li> </ul> <h3><b>Second, why 10x?</b></h3> Besides being a nice and round number, it passes the/my common sense test. A 10x pretax multiple roughly translate into 12 to 15x PE depending on the tax rates, which is not far off from the long term average of stock valuation. Furthermore, if we buy average business at 10x pretax, we already get a 10% pretax return. And if we can do better than buying only average business (like Buffett), paying 10x pretax pretty much guarantees double digit pretax earning. Of course, the 10x here is only for businesses that are conservatively leveraged (say with interest coverage around 10x). The number needs to be adjusted for a highly leveraged business or a business with loads of cash.</p><p><blockquote><ul><li>税后收益并不反映业务基本面。由于税法变化和资本结构变化等与业务基本面无关的因素，税收可能会不时发生变化。此外，有很多方法可以降低公司的实际税收负担。</li></ul><ul><li>税前收益更容易以债券收益为基准。最好的股权投资是类似债券的，当我们谈论债券收益率时，该收益率是税前收益率。因此，10倍EBT将提供10%的税前收益率，与10%收益率的债券直接相当。</li></ul><h3><b>第二，为什么是10倍？</b></h3>除了是一个漂亮的整数之外，它还通过了/我的常识测试。根据税率的不同，10倍的税前市盈率大致相当于12至15倍的市盈率，这与股票估值的长期平均水平相差不远。此外，如果我们以10倍的税前价格购买普通企业，我们已经获得了10%的税前回报。如果我们能比只购买普通企业（比如巴菲特）做得更好，支付10倍的税前收入几乎可以保证两位数的税前收入。当然，这里的10倍仅适用于杠杆率保守的企业（例如利息覆盖率约为10倍）。对于高杠杆企业或拥有大量现金的企业，需要调整这个数字。</blockquote></p><p> <h3><b>Third, warning and summary</b></h3> Here a strong warning is in order. I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. As investors, we face many risks. Two of the major risks are A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly to avoid the type B risk AFTER the type A risk has been eliminated already.</p><p><blockquote><h3><b>三、警示与总结</b></h3>这里有一个强烈的警告。我并不是建议你出去开始购买每一只低于10倍EBT的股票。作为投资者，我们面临许多风险。两个主要风险是a)质量风险或价值陷阱，即为质量糟糕的东西支付便宜的价格，以及B)估值风险，即为质量一流的东西支付过高的价格。10倍税前规则主要是为了在A类风险已经消除后避免B类风险。</blockquote></p><p> So to summarize, to apply the 10x EBT rule,</p><p><blockquote>所以总结一下，应用10倍EBT规则，</blockquote></p><p> <ol>  <li>the business should have not existential issue in the long run. However, at the end, this is largely a subjective judgement.</li>  <li>the business should have no existential issue in the short run either. This is can be quite reliably and objectively evaluated based on the cash flow and debt coverage.</li>  <li>If we paid 10x pretax and bought a business that meets requirement 1 and 2, we will be paying an average price for an average business. Not the best investment ever, but 10% pretax return is not that bad either. If we get a business that offers ANY growth, then we will be buying an above average business at an average price. And we will have a large chance of a double digit return compounding for a long time (if you hold onto to it long enough like Buffett).</li> </ol> AAPL in 2016 and 2017 obviously met all of the above requirements, and it is another textbook illustration of Buffett’s value driven investment success.</p><p><blockquote><ol><li>从长远来看，这项业务应该不会有生存问题。然而，归根结底，这在很大程度上是一种主观判断。</li><li>该企业在短期内也应该没有生存问题。这可以根据现金流和债务覆盖率非常可靠和客观地评估。</li><li>如果我们支付了10倍的税前费用，购买了一家满足要求1和2的企业，我们将为一家普通企业支付平均价格。不是有史以来最好的投资，但10%的税前回报也没那么糟糕。如果我们得到了一个能提供任何增长的企业，那么我们将以平均价格购买高于平均水平的企业。我们很有可能在很长一段时间内实现两位数的复合回报（如果你像巴菲特一样持有足够长的时间）。</li></ol>2016年和2017年的AAPL显然满足了上述所有要求，它是巴菲特价值驱动投资成功的又一教科书式例证。</blockquote></p><p> <h3><b>AAPL: why is he still holding it?</b></h3> The next question now is: why is he still holding whenits valuation is not long 10x EBT? As a matter of factor, it is at ~23x EBT now, more than double 10x EBT.</p><p><blockquote><h3><b>AAPL：为什么他还拿着它？</b></h3>现在的下一个问题是：当其估值不是10倍EBT时，他为什么还持有？作为一个因素，它现在的EBT约为23倍，是EBT 10倍的两倍多。</blockquote></p><p> I am not going to pretend that I know all his considerations. There are so many aspects that needs to be considered with a position of this size - tax liabilities, alternative investment candidates, opportunity cost, et al.</p><p><blockquote>我不会假装我知道他所有的考虑。这种规模的职位需要考虑很多方面——纳税义务、另类投资候选人、机会成本等等。</blockquote></p><p> But I am pretty certain about one thing – he is NOT holding AAPL as a technology stock, wishing for the next technology breakthrough and double the earning. He had made it so clear that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment.</p><p><blockquote>但我非常确定一件事——他并不是将AAPL作为科技股持有，而是希望下一次技术突破并使收益翻倍。他已经明确表示，他不了解科技公司，也不会投资它们。他持有AAPL一定是为了其永久的自主增长——这项业务几乎可以“自动”增长，而不需要太多的再投资。</blockquote></p><p> He said multiple times that there are businesses which, at the end of the day, point to a bunch of depreciated properties and equipment and tell the investors, “these are our profits.” He hates his business.</p><p><blockquote>他多次表示，有些企业最终会指着一堆折旧的财产和设备告诉投资者，“这些是我们的利润。”他讨厌他的生意。</blockquote></p><p> As we will see from the next section, APPL is the exact opposite of those businesses. And due to its ultra-high ROCE and ultra-low requirement of reinvestment to fuel future growth, it will still offer double-digit return in the longer run even under its current expensive valuation.</p><p><blockquote>正如我们将在下一节中看到的，APPL与这些业务完全相反。由于其超高的ROCE和超低的再投资要求来推动未来增长，即使在目前昂贵的估值下，从长远来看，它仍将提供两位数的回报。</blockquote></p><p> <h3><b>Perpetual autonomous growth</b></h3> If you, like this author, are a long-term investor who subscribes to the concepts of owner's earning, perpetual growth rate, and equity bond, then the long-term return is simpler. It is \"simply\" the summation of the owner's earning yield (\"OEY\") and the perpetual growth rate (\"PGR\"), i.e.,</p><p><blockquote><h3><b>永久自主增长</b></h3>如果你和这位作者一样，是一个长期投资者，认购所有者收益、永久增长率和股权债券的概念，那么长期回报就更简单了。它“简单地”是所有者收益收益率（“OEY”）和永久增长率（“PGR”）的总和，即，</blockquote></p><p> Longer-Term ROI = OEY + PGR</p><p><blockquote>长期ROI=OEY+PGR</blockquote></p><p> Because in the long term, all fluctuations in valuation are averaged out (all luck at the end even out). And it doesn't really matter how the business uses the earnings (pay out as dividend, retained in the bank account, or repurchase stocks). As long as used sensibly (as AAPL has done in the past), it will be reflected as a return to the business owner.</p><p><blockquote>因为从长期来看，估值的所有波动都被平均掉了（最后所有的运气都被平均掉了）。企业如何使用收益（作为股息支付、保留在银行账户中或回购股票）并不重要。只要明智地使用（就像AAPL过去所做的那样），它就会体现为对企业主的回报。</blockquote></p><p></p><p> OEY is the owner's earnings divided by the entry price. All the complications are in the estimation of the owner's earnings - the real economic earnings of the business, not the nominal accounting earnings. Here as a crude and conservative estimate, I will just use the free cash flow (\"FCF\") as the owner's earnings. It is conservative in the sense that rigorously speaking, the owner's earnings should be free cash flow plus the portion of CAPEx that is used to fuel the growth (i.e., the growth CAPEx). At its current price levels, the OEY is ~3.6% for AAPL (~27.4x price to FCF).</p><p><blockquote>OEY是所有者的收入除以入场价格。所有的复杂性都在于对所有者收益的估计——企业的实际经济收益，而不是名义上的会计收益。在这里，作为一个粗略和保守的估计，我将使用自由现金流（“FCF”）作为所有者的收益。它是保守的，因为严格来说，所有者的收益应该是自由现金流加上用于推动增长的资本支出部分（即增长资本支出）。按照目前的价格水平，AAPL的OEY约为3.6%（价格与自由现金流之比约为27.4倍）。</blockquote></p><p> Again, the valuation is quite expensive and the OEY is merely 3.6%. But do not be under impressed yet, because there is a second part to the long term return, the part is the created by the PGR, perpetual growth rate. In the long term, the growth rate is:</p><p><blockquote>同样，估值相当昂贵，OEY仅为3.6%。但还不要沾沾自喜，因为长期回报还有第二部分，这部分是由PGR创造的，即永久增长率。从长期来看，增长率为：</blockquote></p><p> PGR = ROCE * Reinvestment Rate</p><p><blockquote>PGR=ROCE*再投资率</blockquote></p><p> ROCE stands for the return on capital employed. Note that ROCE is different from the return on equity (and more fundamental and important in my view). ROCE considers the return of capital ACTUALLY employed, and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimate the PGR. The reinvestment rate is the portion of income the business plows back to fuel further growth.</p><p><blockquote>ROCE代表已用资本回报率。请注意，ROCE不同于股本回报率（在我看来更基本、更重要）。ROCE考虑实际使用的资本回报，因此可以深入了解企业需要投资多少额外资本才能获得给定的额外收入——这是估计PGR的关键。再投资率是企业为推动进一步增长而收回的收入部分。</blockquote></p><p> So to estimate the PGR, we need to estimate two things: ROCE and reinvestment rate.</p><p><blockquote>因此，要估计PGR，我们需要估计两件事：ROCE和再投资率。</blockquote></p><p> To estimate the ROCE of businesses like AAPL, I consider the following items capital actually employed:</p><p><blockquote>为了估计像AAPL这样的企业的ROCE，我考虑了实际使用的资本项目：</blockquote></p><p> 1. Working capital, including payables, receivables, inventory. These are the capitals required for the daily operation of their businesses.</p><p><blockquote>1、营运资金，包括应付账款、应收账款、存货。这些是其业务日常运营所需的资本。</blockquote></p><p> 2. Gross Property, Plant, and Equipment. These are the capitals required to actually conduct business and manufacture their products.</p><p><blockquote>2.不动产、厂房和设备总额。这些是实际开展业务和制造产品所需的资本。</blockquote></p><p> 3. Research and development expenses (an essential expense for a business like AAPL).</p><p><blockquote>3.研发费用（对于AAPL这样的企业来说，这是一项必不可少的费用）。</blockquote></p><p> Based on the above considerations, the ROCE of AAPL over the past decade are shown below. As seen, it was able to maintain a respectably high ROCE over the past decade: it used to be 450% early in the decade and still hovers around an average of 150% in recent years since 2016. To put things in perspective, as detailed in myprevious articleforVisa Inc., another autonomous grower that Buffett likes, Visa features a ROCE “only” around 105%.</p><p><blockquote>基于上述考虑，AAPL过去十年的ROCE如下所示。正如所见，它在过去十年中能够保持相当高的ROCE：本世纪初为450%，自2016年以来近年来仍徘徊在平均150%左右。客观地看，正如我在上一篇关于巴菲特喜欢的另一家自主种植者Visa Inc.的文章中详细介绍的那样，Visa的ROCE“仅”约为105%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d21191b41d6360f09d6f6496fac499a4\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author and Seeking Alpha.</p><p><blockquote>资料来源：作者和Seeking Alpha。</blockquote></p><p> Now let’s see the reinvestment part. In recent years, the following is how AAPL has been allocating its operation cash (“OPC”). As seen, AAPL has been using on average ~33% of the OPC as maintenance CAPEx and dividend. So these two “mandatory” have been on average costing only 1/3 of AAPL’s operation cash in recent years. The quotation mark means even though dividend is usually considered an optional cost. But for a stock with AAPL’s status, management probably won’t cut it unless they really have to.</p><p><blockquote>现在让我们看看再投资部分。近年来，苹果公司如何分配其运营现金（“OPC”）如下。如图所示，AAPL平均使用约33%的OPC作为维护资本支出和股息。因此，这两项“强制性”近年来平均只花费了AAPL运营现金的1/3。引号意味着即使股息通常被视为可选成本。但对于苹果公司这种地位的股票，管理层可能不会削减它，除非真的迫不得已。</blockquote></p><p> For the remaining 2/3, the company does have a choice. It can use it for a variety of things: reinvest to fuel further growth, retain it to strength the balance sheet, pay an extra special dividend, pay down debt, buyback shares, et al. It obviously makes total sense to reinvest all of it to fuel further growth given its 150% ROCE. At this ROCE, $1 reinvested would be fuel $1.5 of additional earning! But the problem is that for businesses at this scale, there are just not that many opportunities to reinvest the earnings. As a result, AAPL has been allocating a part of the remaining earning, on average 70% in recently years, to buy back shares. Such repurchases, besides reflecting the confidence of the management on their own business, again also signals the lack of good reinvestment opportunities.</p><p><blockquote>对于剩下的2/3，公司确实有选择。它可以将其用于多种用途：再投资以推动进一步增长、保留其以加强资产负债表、支付额外的特别股息、偿还债务、回购股票等。鉴于其150%的ROCE，将所有资金进行再投资以推动进一步增长显然是完全有意义的。在这个ROCE，1美元的再投资将带来1.5美元的额外收入！但问题是，对于这种规模的企业来说，将收益进行再投资的机会并不多。因此，AAPL一直在分配剩余收益的一部分（近年来平均为70%）来回购股票。这种回购除了反映管理层对自身业务的信心外，也再次表明缺乏良好的再投资机会。</blockquote></p><p> But all things considered, with such spectacular ROCE, AAPL does not need that much reinvestment to grow, as elaborated below.</p><p><blockquote>但综合考虑，凭借如此惊人的ROCE，AAPL不需要那么多再投资来实现增长，如下所述。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/190eeaa73f40d26feb7de2b4932718a8\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author and Seeking Alpha.</p><p><blockquote>资料来源：作者和Seeking Alpha。</blockquote></p><p> With a 150% ROCE, it means that even if AAPL only reinvests 5% of its earning to expand the capital employed, it could maintain a 7.5% PGR (PGR = ROCE * fraction of earning reinvested = 150% * 5% = 7.5%). As aforementioned, this is a reason that AAPL can afford to use pretty much all the OPC for dividend and share repurchase after covering its maintenance CAPEx.</p><p><blockquote>ROCE为150%，这意味着即使AAPL只将其收益的5%进行再投资来扩大所用资本，它也可以保持7.5%的PGR（PGR=ROCE*再投资收益的比例=150%*5%=7.5%）。如前所述，这就是AAPL在支付维护资本支出后有能力将几乎所有OPC用于股息和股票回购的原因。</blockquote></p><p></p><p> Now we have both pieces of the puzzle in place to estimate the long-term return. At its current price levels, the OEY is estimated to be ~3.6%, and the PGR is about 7.5%. So the total return in the long term at current valuation would be a double digit 11% as shown in the chart below. Also as seen, even when ROCE fluctuates somewhat, the fluctuations wouldn’t change the long-term return dramatically.</p><p><blockquote>现在，我们已经有了估计长期回报的两块拼图。按照目前的价格水平，OEY估计约为3.6%，PGR约为7.5%。因此，按当前估值计算，长期总回报率将达到两位数11%，如下图所示。同样可以看出，即使ROCE有所波动，波动也不会显着改变长期回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93688ad65495c50b51be46b2fcda963c\" tg-width=\"640\" tg-height=\"422\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author.</p><p><blockquote>来源：作者。</blockquote></p><p> <h3><b>Conclusion and final thought</b></h3> Many of Buffett's largest and best deals are purchased below or around 10x EBT, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and also the more recent AAPL purchase and his $25B&nbsp;repurchases of BRK.A&nbsp;shares.</p><p><blockquote><h3><b>结论和最后的思考</b></h3>巴菲特的许多最大和最好的交易都是以低于或大约10倍EBT的价格购买的，包括可口可乐、美国运通、富国银行、沃尔玛、Burlington Northern，以及最近购买的AAPL和他以25B美元回购的BRK.A股。</blockquote></p><p> This article analyzes AppleInc.under the context as the largest purchase and also largest holding in the Buffett portfolio. This analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule. The analysis showed that When Buffett purchased AAPL in 2016 and 2017, it met all the requirements for the 10x pretax rule and represented another textbook illustration of his value driven success.</p><p><blockquote>本文将AppleInc.作为巴菲特投资组合中最大的收购和最大的持股进行分析。这一分析是在我看涨期权巴菲特10倍税前规则的框架下进行的。分析显示，当巴菲特在2016年和2017年收购AAPL时，它满足了10倍税前规则的所有要求，并代表了他价值驱动型成功的又一教科书式例证。</blockquote></p><p> Then this article also attempted to answer why he is holding it given the current relatively expensive valuation. He is definitely NOT holding AAPL as a technology stock, wishing for the next technology breakthrough to double the earning. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment. From this perspective, the result show that these shares still can offer double-digit return even under its current expensive valuation.</p><p><blockquote>那么这篇文章也试图回答在目前估值相对昂贵的情况下，他为什么要持有它。他绝对不是把苹果公司作为科技股来持有，希望下一次技术突破能让收益翻倍。他持有AAPL一定是为了其永久的自主增长——这项业务几乎可以“自动”增长，而不需要太多的再投资。从这个角度来看，结果表明，即使在目前昂贵的估值下，这些股票仍然可以提供两位数的回报。</blockquote></p><p> And as a final note before ending this section, this might be the most valuable insight that I’ve learned by studying Warren Buffett’s investment philosophy. The insight really is that I do not need a business with double-digit growth to generate double-digit returns. A reliable business that can offer a stable growth at a boring rate of a few percent (like ~5%) can already provide double-digit returns with good certainty as long as A) they are purchased at a reasonable valuation, and B) they have ROCE sufficiently high so that the growth can be driven by reinvesting a small fraction of the income. In the long run, assuming a growth rate more than 5% percent probably is a dangerous assumption to start with anyway.</p><p><blockquote>作为结束本节之前的最后一点，这可能是我通过研究沃伦·巴菲特的投资哲学学到的最有价值的见解。真正的见解是，我不需要一个两位数增长的企业来产生两位数的回报。一家可靠的企业能够以百分之几（如约5%）的令人厌烦的速度提供稳定增长，只要a)以合理的估值购买，并且B)他们的ROCE足够高，以便可以通过将一小部分收入进行再投资来推动增长。从长远来看，假设增长率超过5%可能是一个危险的假设。</blockquote></p><p></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>Apple Inc. And Buffett: Why He Bought And Why He Holds<blockquote>苹果和巴菲特：巴菲特为何买入和持有</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nApple Inc. And Buffett: Why He Bought And Why He Holds<blockquote>苹果和巴菲特：巴菲特为何买入和持有</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-11 08:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>This article analyzes <a href=\"https://laohu8.com/S/AAPL\">Apple</a> under the context of it being the largest holding in the Buffett portfolio.</li>  <li>This analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule.</li>  <li>And this analysis argues that Buffett holds the AAPL shares in the long term for its perpetual growth prospects, offering double-digit return even under its current expensive valuation.</li> </ul> <img src=\"https://static.tigerbbs.com/24b65798f03c6f9376257bba2741e588\" tg-width=\"768\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Justin Sullivan/Getty Images News</p><p><blockquote><ul><li>本文分析了<a href=\"https://laohu8.com/S/AAPL\">苹果</a>在它是巴菲特投资组合中最大持股的背景下。</li><li>这一分析是在我看涨期权巴菲特10倍税前规则的框架下进行的。</li><li>这一分析认为，巴菲特长期持有苹果公司股票是因为其永久增长前景，即使在目前昂贵的估值下，也能提供两位数的回报。</li></ul>贾斯汀·沙利文/盖蒂图片社新闻</blockquote></p><p> <h3><b>The investment thesis</b></h3> If you are reading this, chances are that you already know that AppleInc. (AAPL) is the largest position in Warren Buffett's Berkshire Hathaway portfolio. When many people wonder if the legend has lost his magic touch, and commented on his blunders with the airline stocks, they forgot that he made more than $100B from AAPL stocks alone! With his concentrated investment style, what he lost on the relatively minor bets such as the airlines is only a footnote.</p><p><blockquote><h3><b>投资论文</b></h3>如果你正在读这篇文章，很可能你已经知道苹果公司。（AAPL）是沃伦·巴菲特伯克希尔·哈撒韦投资组合中最大的头寸。当许多人怀疑这位传奇人物是否失去了他的魔力，并评论他在航空股上的失误时，他们忘记了他仅从AAPL股票上就赚了超过1000亿美元！以他集中的投资风格，他在航空公司等相对较小的赌注上输掉的只是一个注脚。</blockquote></p><p> This article analyzes AAPL under the context of it being the largest holding in the Buffett portfolio. This analysis first approaches his entry decision under a framework that I call the Buffett’s 10x Pretax Rule. And then this analysis argues that Buffett holds the AAPL shares in the long term NOT as a technology stock – he had made it clear enough that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual growth prospects. From this perspective, we will see that APPL will still offer double-digit return in the longer run even under its current expensive valuation.</p><p><blockquote>本文在AAPL是巴菲特投资组合中最大持股的背景下进行分析。本分析首先在我看涨期权巴菲特10倍税前规则的框架下探讨了巴菲特的进入决策。然后，这一分析认为，巴菲特长期持有苹果公司股票，而不是将其视为科技股——他已经明确表示，他不了解科技公司，也不会投资它们。他持有苹果公司一定是因为它的永久增长前景。从这个角度来看，我们将看到，即使在目前昂贵的估值下，APPL从长远来看仍将提供两位数的回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/348a1fb56faeceb8e956ad8f6fa3b09a\" tg-width=\"640\" tg-height=\"645\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source:&nbsp;DataRoma</p><p><blockquote>资料来源：DataRoma</blockquote></p><p> <h3><b>Buffett’s 10x Pretax Rule</b></h3> If you’re a devout Buffett cultist like this author, you must have noticed or heard that the grand master paid ~10x pretax earnings for many of his largest and best deals. The list is a really long one, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and of course the more recent AAPL purchase and his recent $25B&nbsp;repurchases of BRK.A&nbsp;shares as analyzed in my earlier article.</p><p><blockquote><h3><b>巴菲特的10倍税前规则</b></h3>如果您像这位作者一样是虔诚的巴菲特崇拜者，您一定注意到或听说过这位大师为他的许多最大和最好的交易支付了约10倍的税前收益。这个名单真的很长，包括可口可乐、美国运通、富国银行、沃尔玛、Burlington Northern，当然还有最近对AAPL的收购和他最近对BRK的25B美元回购。A股，正如我之前文章中所分析的那样。</blockquote></p><p> The following chart shows the price history of AAPL and its 10x pretax earning since 2010. Pretax earnings are also referred to as \"EBT\", Earning Before Taxes, in this article. As seen, Buffett made his purchases during 2016-2017 when the price is below or near 10x EBT. I was lucky enough to have made the AAPL purchases at that time myself too.</p><p><blockquote>下图显示了AAPL的价格历史及其自2010年以来10倍的税前收益。在本文中，税前收益也称为“EBT”，即税前收益。如图所示，巴菲特在2016年至2017年期间进行了购买，当时价格低于或接近EBT的10倍。我很幸运，当时我自己也购买了AAPL。</blockquote></p><p> Buffet himself also mentioned and discussed the 10x pretax multiple times in his shareholder meetings and Q&amp;A sessions. An example quote is provided below (highlighting was added by me):</p><p><blockquote>巴菲特本人也在股东大会和问答环节中多次提及和讨论了10倍税前。下面提供了一个示例报价（突出显示是我添加的）：</blockquote></p><p> Buffett: “Geico would be valued differently than Gen RE and other insurance businesses because it’s rational to assume a large underwriting profit and significant growth. You cannot say that about many insurance businesses. I would love to buy a new bunch of operating businesses with similar competitive positions to the ones we own now at nine to ten times pretax earnings.”</p><p><blockquote>巴菲特：“Geico的估值将与Gen RE和其他保险业务不同，因为假设承保利润大且增长显着是合理的。你不能对许多保险业务这么说。我很乐意购买一批新的运营业务，这些业务的竞争地位与我们现在拥有的业务相似，其税前收益为9到10倍。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9eec812a3eda60f950a1890eebc7dd34\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author based on Seeking Alpha data</p><p><blockquote>资料来源：作者基于Seeking Alpha数据</blockquote></p><p> So are there any reasons fundamental to this 10x pretax rule, or is it only a bunch of pure coincidences? I think it is the former and there are indeed many good reasons for this rule, as listed below.</p><p><blockquote>那么，这个10倍税前规则有什么根本原因吗，还是只是一堆纯粹的巧合？我认为是前者，这个规则确实有很多很好的理由，如下所列。</blockquote></p><p> <h3><b>First, Why pretax?</b></h3> Out of all the earning metrics, EPS, operation income, free cash, dividend, etc., why do we favor the pretax earning? I think there are at least two good reasons.</p><p><blockquote><h3><b>首先，为什么要税前？</b></h3>在所有盈利指标中，每股收益、营业收入、自由现金、股息等，为什么我们青睐税前收益？我认为至少有两个很好的理由。</blockquote></p><p></p><p> <ul>  <li>After tax earnings do not reflect business fundamentals. Taxes can change from time to time due to factors that have no relevance to business fundamentals, such as tax law changes and capital structure change. Plus there are plenty of ways to lower the actual tax burden of a company.</li> </ul> <ul>  <li>Pretax earnings are easier to benchmark, say against bond earnings. The best equity investments are bond like, and when we speak of bond yield, that yield is pretax. So a 10x EBT would provide a 10% pretax earning yield, directly comparable to a 10% yield bond.</li> </ul> <h3><b>Second, why 10x?</b></h3> Besides being a nice and round number, it passes the/my common sense test. A 10x pretax multiple roughly translate into 12 to 15x PE depending on the tax rates, which is not far off from the long term average of stock valuation. Furthermore, if we buy average business at 10x pretax, we already get a 10% pretax return. And if we can do better than buying only average business (like Buffett), paying 10x pretax pretty much guarantees double digit pretax earning. Of course, the 10x here is only for businesses that are conservatively leveraged (say with interest coverage around 10x). The number needs to be adjusted for a highly leveraged business or a business with loads of cash.</p><p><blockquote><ul><li>税后收益并不反映业务基本面。由于税法变化和资本结构变化等与业务基本面无关的因素，税收可能会不时发生变化。此外，有很多方法可以降低公司的实际税收负担。</li></ul><ul><li>税前收益更容易以债券收益为基准。最好的股权投资是类似债券的，当我们谈论债券收益率时，该收益率是税前收益率。因此，10倍EBT将提供10%的税前收益率，与10%收益率的债券直接相当。</li></ul><h3><b>第二，为什么是10倍？</b></h3>除了是一个漂亮的整数之外，它还通过了/我的常识测试。根据税率的不同，10倍的税前市盈率大致相当于12至15倍的市盈率，这与股票估值的长期平均水平相差不远。此外，如果我们以10倍的税前价格购买普通企业，我们已经获得了10%的税前回报。如果我们能比只购买普通企业（比如巴菲特）做得更好，支付10倍的税前收入几乎可以保证两位数的税前收入。当然，这里的10倍仅适用于杠杆率保守的企业（例如利息覆盖率约为10倍）。对于高杠杆企业或拥有大量现金的企业，需要调整这个数字。</blockquote></p><p> <h3><b>Third, warning and summary</b></h3> Here a strong warning is in order. I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. As investors, we face many risks. Two of the major risks are A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly to avoid the type B risk AFTER the type A risk has been eliminated already.</p><p><blockquote><h3><b>三、警示与总结</b></h3>这里有一个强烈的警告。我并不是建议你出去开始购买每一只低于10倍EBT的股票。作为投资者，我们面临许多风险。两个主要风险是a)质量风险或价值陷阱，即为质量糟糕的东西支付便宜的价格，以及B)估值风险，即为质量一流的东西支付过高的价格。10倍税前规则主要是为了在A类风险已经消除后避免B类风险。</blockquote></p><p> So to summarize, to apply the 10x EBT rule,</p><p><blockquote>所以总结一下，应用10倍EBT规则，</blockquote></p><p> <ol>  <li>the business should have not existential issue in the long run. However, at the end, this is largely a subjective judgement.</li>  <li>the business should have no existential issue in the short run either. This is can be quite reliably and objectively evaluated based on the cash flow and debt coverage.</li>  <li>If we paid 10x pretax and bought a business that meets requirement 1 and 2, we will be paying an average price for an average business. Not the best investment ever, but 10% pretax return is not that bad either. If we get a business that offers ANY growth, then we will be buying an above average business at an average price. And we will have a large chance of a double digit return compounding for a long time (if you hold onto to it long enough like Buffett).</li> </ol> AAPL in 2016 and 2017 obviously met all of the above requirements, and it is another textbook illustration of Buffett’s value driven investment success.</p><p><blockquote><ol><li>从长远来看，这项业务应该不会有生存问题。然而，归根结底，这在很大程度上是一种主观判断。</li><li>该企业在短期内也应该没有生存问题。这可以根据现金流和债务覆盖率非常可靠和客观地评估。</li><li>如果我们支付了10倍的税前费用，购买了一家满足要求1和2的企业，我们将为一家普通企业支付平均价格。不是有史以来最好的投资，但10%的税前回报也没那么糟糕。如果我们得到了一个能提供任何增长的企业，那么我们将以平均价格购买高于平均水平的企业。我们很有可能在很长一段时间内实现两位数的复合回报（如果你像巴菲特一样持有足够长的时间）。</li></ol>2016年和2017年的AAPL显然满足了上述所有要求，它是巴菲特价值驱动投资成功的又一教科书式例证。</blockquote></p><p> <h3><b>AAPL: why is he still holding it?</b></h3> The next question now is: why is he still holding whenits valuation is not long 10x EBT? As a matter of factor, it is at ~23x EBT now, more than double 10x EBT.</p><p><blockquote><h3><b>AAPL：为什么他还拿着它？</b></h3>现在的下一个问题是：当其估值不是10倍EBT时，他为什么还持有？作为一个因素，它现在的EBT约为23倍，是EBT 10倍的两倍多。</blockquote></p><p> I am not going to pretend that I know all his considerations. There are so many aspects that needs to be considered with a position of this size - tax liabilities, alternative investment candidates, opportunity cost, et al.</p><p><blockquote>我不会假装我知道他所有的考虑。这种规模的职位需要考虑很多方面——纳税义务、另类投资候选人、机会成本等等。</blockquote></p><p> But I am pretty certain about one thing – he is NOT holding AAPL as a technology stock, wishing for the next technology breakthrough and double the earning. He had made it so clear that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment.</p><p><blockquote>但我非常确定一件事——他并不是将AAPL作为科技股持有，而是希望下一次技术突破并使收益翻倍。他已经明确表示，他不了解科技公司，也不会投资它们。他持有AAPL一定是为了其永久的自主增长——这项业务几乎可以“自动”增长，而不需要太多的再投资。</blockquote></p><p> He said multiple times that there are businesses which, at the end of the day, point to a bunch of depreciated properties and equipment and tell the investors, “these are our profits.” He hates his business.</p><p><blockquote>他多次表示，有些企业最终会指着一堆折旧的财产和设备告诉投资者，“这些是我们的利润。”他讨厌他的生意。</blockquote></p><p> As we will see from the next section, APPL is the exact opposite of those businesses. And due to its ultra-high ROCE and ultra-low requirement of reinvestment to fuel future growth, it will still offer double-digit return in the longer run even under its current expensive valuation.</p><p><blockquote>正如我们将在下一节中看到的，APPL与这些业务完全相反。由于其超高的ROCE和超低的再投资要求来推动未来增长，即使在目前昂贵的估值下，从长远来看，它仍将提供两位数的回报。</blockquote></p><p> <h3><b>Perpetual autonomous growth</b></h3> If you, like this author, are a long-term investor who subscribes to the concepts of owner's earning, perpetual growth rate, and equity bond, then the long-term return is simpler. It is \"simply\" the summation of the owner's earning yield (\"OEY\") and the perpetual growth rate (\"PGR\"), i.e.,</p><p><blockquote><h3><b>永久自主增长</b></h3>如果你和这位作者一样，是一个长期投资者，认购所有者收益、永久增长率和股权债券的概念，那么长期回报就更简单了。它“简单地”是所有者收益收益率（“OEY”）和永久增长率（“PGR”）的总和，即，</blockquote></p><p> Longer-Term ROI = OEY + PGR</p><p><blockquote>长期ROI=OEY+PGR</blockquote></p><p> Because in the long term, all fluctuations in valuation are averaged out (all luck at the end even out). And it doesn't really matter how the business uses the earnings (pay out as dividend, retained in the bank account, or repurchase stocks). As long as used sensibly (as AAPL has done in the past), it will be reflected as a return to the business owner.</p><p><blockquote>因为从长期来看，估值的所有波动都被平均掉了（最后所有的运气都被平均掉了）。企业如何使用收益（作为股息支付、保留在银行账户中或回购股票）并不重要。只要明智地使用（就像AAPL过去所做的那样），它就会体现为对企业主的回报。</blockquote></p><p></p><p> OEY is the owner's earnings divided by the entry price. All the complications are in the estimation of the owner's earnings - the real economic earnings of the business, not the nominal accounting earnings. Here as a crude and conservative estimate, I will just use the free cash flow (\"FCF\") as the owner's earnings. It is conservative in the sense that rigorously speaking, the owner's earnings should be free cash flow plus the portion of CAPEx that is used to fuel the growth (i.e., the growth CAPEx). At its current price levels, the OEY is ~3.6% for AAPL (~27.4x price to FCF).</p><p><blockquote>OEY是所有者的收入除以入场价格。所有的复杂性都在于对所有者收益的估计——企业的实际经济收益，而不是名义上的会计收益。在这里，作为一个粗略和保守的估计，我将使用自由现金流（“FCF”）作为所有者的收益。它是保守的，因为严格来说，所有者的收益应该是自由现金流加上用于推动增长的资本支出部分（即增长资本支出）。按照目前的价格水平，AAPL的OEY约为3.6%（价格与自由现金流之比约为27.4倍）。</blockquote></p><p> Again, the valuation is quite expensive and the OEY is merely 3.6%. But do not be under impressed yet, because there is a second part to the long term return, the part is the created by the PGR, perpetual growth rate. In the long term, the growth rate is:</p><p><blockquote>同样，估值相当昂贵，OEY仅为3.6%。但还不要沾沾自喜，因为长期回报还有第二部分，这部分是由PGR创造的，即永久增长率。从长期来看，增长率为：</blockquote></p><p> PGR = ROCE * Reinvestment Rate</p><p><blockquote>PGR=ROCE*再投资率</blockquote></p><p> ROCE stands for the return on capital employed. Note that ROCE is different from the return on equity (and more fundamental and important in my view). ROCE considers the return of capital ACTUALLY employed, and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimate the PGR. The reinvestment rate is the portion of income the business plows back to fuel further growth.</p><p><blockquote>ROCE代表已用资本回报率。请注意，ROCE不同于股本回报率（在我看来更基本、更重要）。ROCE考虑实际使用的资本回报，因此可以深入了解企业需要投资多少额外资本才能获得给定的额外收入——这是估计PGR的关键。再投资率是企业为推动进一步增长而收回的收入部分。</blockquote></p><p> So to estimate the PGR, we need to estimate two things: ROCE and reinvestment rate.</p><p><blockquote>因此，要估计PGR，我们需要估计两件事：ROCE和再投资率。</blockquote></p><p> To estimate the ROCE of businesses like AAPL, I consider the following items capital actually employed:</p><p><blockquote>为了估计像AAPL这样的企业的ROCE，我考虑了实际使用的资本项目：</blockquote></p><p> 1. Working capital, including payables, receivables, inventory. These are the capitals required for the daily operation of their businesses.</p><p><blockquote>1、营运资金，包括应付账款、应收账款、存货。这些是其业务日常运营所需的资本。</blockquote></p><p> 2. Gross Property, Plant, and Equipment. These are the capitals required to actually conduct business and manufacture their products.</p><p><blockquote>2.不动产、厂房和设备总额。这些是实际开展业务和制造产品所需的资本。</blockquote></p><p> 3. Research and development expenses (an essential expense for a business like AAPL).</p><p><blockquote>3.研发费用（对于AAPL这样的企业来说，这是一项必不可少的费用）。</blockquote></p><p> Based on the above considerations, the ROCE of AAPL over the past decade are shown below. As seen, it was able to maintain a respectably high ROCE over the past decade: it used to be 450% early in the decade and still hovers around an average of 150% in recent years since 2016. To put things in perspective, as detailed in myprevious articleforVisa Inc., another autonomous grower that Buffett likes, Visa features a ROCE “only” around 105%.</p><p><blockquote>基于上述考虑，AAPL过去十年的ROCE如下所示。正如所见，它在过去十年中能够保持相当高的ROCE：本世纪初为450%，自2016年以来近年来仍徘徊在平均150%左右。客观地看，正如我在上一篇关于巴菲特喜欢的另一家自主种植者Visa Inc.的文章中详细介绍的那样，Visa的ROCE“仅”约为105%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d21191b41d6360f09d6f6496fac499a4\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author and Seeking Alpha.</p><p><blockquote>资料来源：作者和Seeking Alpha。</blockquote></p><p> Now let’s see the reinvestment part. In recent years, the following is how AAPL has been allocating its operation cash (“OPC”). As seen, AAPL has been using on average ~33% of the OPC as maintenance CAPEx and dividend. So these two “mandatory” have been on average costing only 1/3 of AAPL’s operation cash in recent years. The quotation mark means even though dividend is usually considered an optional cost. But for a stock with AAPL’s status, management probably won’t cut it unless they really have to.</p><p><blockquote>现在让我们看看再投资部分。近年来，苹果公司如何分配其运营现金（“OPC”）如下。如图所示，AAPL平均使用约33%的OPC作为维护资本支出和股息。因此，这两项“强制性”近年来平均只花费了AAPL运营现金的1/3。引号意味着即使股息通常被视为可选成本。但对于苹果公司这种地位的股票，管理层可能不会削减它，除非真的迫不得已。</blockquote></p><p> For the remaining 2/3, the company does have a choice. It can use it for a variety of things: reinvest to fuel further growth, retain it to strength the balance sheet, pay an extra special dividend, pay down debt, buyback shares, et al. It obviously makes total sense to reinvest all of it to fuel further growth given its 150% ROCE. At this ROCE, $1 reinvested would be fuel $1.5 of additional earning! But the problem is that for businesses at this scale, there are just not that many opportunities to reinvest the earnings. As a result, AAPL has been allocating a part of the remaining earning, on average 70% in recently years, to buy back shares. Such repurchases, besides reflecting the confidence of the management on their own business, again also signals the lack of good reinvestment opportunities.</p><p><blockquote>对于剩下的2/3，公司确实有选择。它可以将其用于多种用途：再投资以推动进一步增长、保留其以加强资产负债表、支付额外的特别股息、偿还债务、回购股票等。鉴于其150%的ROCE，将所有资金进行再投资以推动进一步增长显然是完全有意义的。在这个ROCE，1美元的再投资将带来1.5美元的额外收入！但问题是，对于这种规模的企业来说，将收益进行再投资的机会并不多。因此，AAPL一直在分配剩余收益的一部分（近年来平均为70%）来回购股票。这种回购除了反映管理层对自身业务的信心外，也再次表明缺乏良好的再投资机会。</blockquote></p><p> But all things considered, with such spectacular ROCE, AAPL does not need that much reinvestment to grow, as elaborated below.</p><p><blockquote>但综合考虑，凭借如此惊人的ROCE，AAPL不需要那么多再投资来实现增长，如下所述。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/190eeaa73f40d26feb7de2b4932718a8\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author and Seeking Alpha.</p><p><blockquote>资料来源：作者和Seeking Alpha。</blockquote></p><p> With a 150% ROCE, it means that even if AAPL only reinvests 5% of its earning to expand the capital employed, it could maintain a 7.5% PGR (PGR = ROCE * fraction of earning reinvested = 150% * 5% = 7.5%). As aforementioned, this is a reason that AAPL can afford to use pretty much all the OPC for dividend and share repurchase after covering its maintenance CAPEx.</p><p><blockquote>ROCE为150%，这意味着即使AAPL只将其收益的5%进行再投资来扩大所用资本，它也可以保持7.5%的PGR（PGR=ROCE*再投资收益的比例=150%*5%=7.5%）。如前所述，这就是AAPL在支付维护资本支出后有能力将几乎所有OPC用于股息和股票回购的原因。</blockquote></p><p></p><p> Now we have both pieces of the puzzle in place to estimate the long-term return. At its current price levels, the OEY is estimated to be ~3.6%, and the PGR is about 7.5%. So the total return in the long term at current valuation would be a double digit 11% as shown in the chart below. Also as seen, even when ROCE fluctuates somewhat, the fluctuations wouldn’t change the long-term return dramatically.</p><p><blockquote>现在，我们已经有了估计长期回报的两块拼图。按照目前的价格水平，OEY估计约为3.6%，PGR约为7.5%。因此，按当前估值计算，长期总回报率将达到两位数11%，如下图所示。同样可以看出，即使ROCE有所波动，波动也不会显着改变长期回报。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93688ad65495c50b51be46b2fcda963c\" tg-width=\"640\" tg-height=\"422\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Source: author.</p><p><blockquote>来源：作者。</blockquote></p><p> <h3><b>Conclusion and final thought</b></h3> Many of Buffett's largest and best deals are purchased below or around 10x EBT, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and also the more recent AAPL purchase and his $25B&nbsp;repurchases of BRK.A&nbsp;shares.</p><p><blockquote><h3><b>结论和最后的思考</b></h3>巴菲特的许多最大和最好的交易都是以低于或大约10倍EBT的价格购买的，包括可口可乐、美国运通、富国银行、沃尔玛、Burlington Northern，以及最近购买的AAPL和他以25B美元回购的BRK.A股。</blockquote></p><p> This article analyzes AppleInc.under the context as the largest purchase and also largest holding in the Buffett portfolio. This analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule. The analysis showed that When Buffett purchased AAPL in 2016 and 2017, it met all the requirements for the 10x pretax rule and represented another textbook illustration of his value driven success.</p><p><blockquote>本文将AppleInc.作为巴菲特投资组合中最大的收购和最大的持股进行分析。这一分析是在我看涨期权巴菲特10倍税前规则的框架下进行的。分析显示，当巴菲特在2016年和2017年收购AAPL时，它满足了10倍税前规则的所有要求，并代表了他价值驱动型成功的又一教科书式例证。</blockquote></p><p> Then this article also attempted to answer why he is holding it given the current relatively expensive valuation. He is definitely NOT holding AAPL as a technology stock, wishing for the next technology breakthrough to double the earning. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment. From this perspective, the result show that these shares still can offer double-digit return even under its current expensive valuation.</p><p><blockquote>那么这篇文章也试图回答在目前估值相对昂贵的情况下，他为什么要持有它。他绝对不是把苹果公司作为科技股来持有，希望下一次技术突破能让收益翻倍。他持有AAPL一定是为了其永久的自主增长——这项业务几乎可以“自动”增长，而不需要太多的再投资。从这个角度来看，结果表明，即使在目前昂贵的估值下，这些股票仍然可以提供两位数的回报。</blockquote></p><p> And as a final note before ending this section, this might be the most valuable insight that I’ve learned by studying Warren Buffett’s investment philosophy. The insight really is that I do not need a business with double-digit growth to generate double-digit returns. A reliable business that can offer a stable growth at a boring rate of a few percent (like ~5%) can already provide double-digit returns with good certainty as long as A) they are purchased at a reasonable valuation, and B) they have ROCE sufficiently high so that the growth can be driven by reinvesting a small fraction of the income. In the long run, assuming a growth rate more than 5% percent probably is a dangerous assumption to start with anyway.</p><p><blockquote>作为结束本节之前的最后一点，这可能是我通过研究沃伦·巴菲特的投资哲学学到的最有价值的见解。真正的见解是，我不需要一个两位数增长的企业来产生两位数的回报。一家可靠的企业能够以百分之几（如约5%）的令人厌烦的速度提供稳定增长，只要a)以合理的估值购买，并且B)他们的ROCE足够高，以便可以通过将一小部分收入进行再投资来推动增长。从长远来看，假设增长率超过5%可能是一个危险的假设。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4447893-apple-and-buffett-why-he-bought\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4447893-apple-and-buffett-why-he-bought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138697562","content_text":"Summary\n\nThis article analyzes Apple under the context of it being the largest holding in the Buffett portfolio.\nThis analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule.\nAnd this analysis argues that Buffett holds the AAPL shares in the long term for its perpetual growth prospects, offering double-digit return even under its current expensive valuation.\n\nJustin Sullivan/Getty Images News\nThe investment thesis\nIf you are reading this, chances are that you already know that AppleInc. (AAPL) is the largest position in Warren Buffett's Berkshire Hathaway portfolio. When many people wonder if the legend has lost his magic touch, and commented on his blunders with the airline stocks, they forgot that he made more than $100B from AAPL stocks alone! With his concentrated investment style, what he lost on the relatively minor bets such as the airlines is only a footnote.\nThis article analyzes AAPL under the context of it being the largest holding in the Buffett portfolio. This analysis first approaches his entry decision under a framework that I call the Buffett’s 10x Pretax Rule. And then this analysis argues that Buffett holds the AAPL shares in the long term NOT as a technology stock – he had made it clear enough that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual growth prospects. From this perspective, we will see that APPL will still offer double-digit return in the longer run even under its current expensive valuation.\n\nSource: DataRoma\nBuffett’s 10x Pretax Rule\nIf you’re a devout Buffett cultist like this author, you must have noticed or heard that the grand master paid ~10x pretax earnings for many of his largest and best deals. The list is a really long one, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and of course the more recent AAPL purchase and his recent $25B repurchases of BRK.A shares as analyzed in my earlier article.\nThe following chart shows the price history of AAPL and its 10x pretax earning since 2010. Pretax earnings are also referred to as \"EBT\", Earning Before Taxes, in this article. As seen, Buffett made his purchases during 2016-2017 when the price is below or near 10x EBT. I was lucky enough to have made the AAPL purchases at that time myself too.\nBuffet himself also mentioned and discussed the 10x pretax multiple times in his shareholder meetings and Q&A sessions. An example quote is provided below (highlighting was added by me):\nBuffett: “Geico would be valued differently than Gen RE and other insurance businesses because it’s rational to assume a large underwriting profit and significant growth. You cannot say that about many insurance businesses. I would love to buy a new bunch of operating businesses with similar competitive positions to the ones we own now at nine to ten times pretax earnings.”\n\nSource: author based on Seeking Alpha data\nSo are there any reasons fundamental to this 10x pretax rule, or is it only a bunch of pure coincidences? I think it is the former and there are indeed many good reasons for this rule, as listed below.\nFirst, Why pretax?\nOut of all the earning metrics, EPS, operation income, free cash, dividend, etc., why do we favor the pretax earning? I think there are at least two good reasons.\n\nAfter tax earnings do not reflect business fundamentals. Taxes can change from time to time due to factors that have no relevance to business fundamentals, such as tax law changes and capital structure change. Plus there are plenty of ways to lower the actual tax burden of a company.\n\n\nPretax earnings are easier to benchmark, say against bond earnings. The best equity investments are bond like, and when we speak of bond yield, that yield is pretax. So a 10x EBT would provide a 10% pretax earning yield, directly comparable to a 10% yield bond.\n\nSecond, why 10x?\nBesides being a nice and round number, it passes the/my common sense test. A 10x pretax multiple roughly translate into 12 to 15x PE depending on the tax rates, which is not far off from the long term average of stock valuation. Furthermore, if we buy average business at 10x pretax, we already get a 10% pretax return. And if we can do better than buying only average business (like Buffett), paying 10x pretax pretty much guarantees double digit pretax earning. Of course, the 10x here is only for businesses that are conservatively leveraged (say with interest coverage around 10x). The number needs to be adjusted for a highly leveraged business or a business with loads of cash.\nThird, warning and summary\nHere a strong warning is in order. I am NOT suggesting you go out and start buying every/any stock that is below 10x EBT. As investors, we face many risks. Two of the major risks are A) quality risk or value trap, i.e., paying a bargain price for something of horrible quality, and B) valuation risk, i.e., paying too much for something of superb quality. The 10x pretax rule is mainly to avoid the type B risk AFTER the type A risk has been eliminated already.\nSo to summarize, to apply the 10x EBT rule,\n\nthe business should have not existential issue in the long run. However, at the end, this is largely a subjective judgement.\nthe business should have no existential issue in the short run either. This is can be quite reliably and objectively evaluated based on the cash flow and debt coverage.\nIf we paid 10x pretax and bought a business that meets requirement 1 and 2, we will be paying an average price for an average business. Not the best investment ever, but 10% pretax return is not that bad either. If we get a business that offers ANY growth, then we will be buying an above average business at an average price. And we will have a large chance of a double digit return compounding for a long time (if you hold onto to it long enough like Buffett).\n\nAAPL in 2016 and 2017 obviously met all of the above requirements, and it is another textbook illustration of Buffett’s value driven investment success.\nAAPL: why is he still holding it?\nThe next question now is: why is he still holding whenits valuation is not long 10x EBT? As a matter of factor, it is at ~23x EBT now, more than double 10x EBT.\nI am not going to pretend that I know all his considerations. There are so many aspects that needs to be considered with a position of this size - tax liabilities, alternative investment candidates, opportunity cost, et al.\nBut I am pretty certain about one thing – he is NOT holding AAPL as a technology stock, wishing for the next technology breakthrough and double the earning. He had made it so clear that he does not understand tech companies and will not invest in them. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment.\nHe said multiple times that there are businesses which, at the end of the day, point to a bunch of depreciated properties and equipment and tell the investors, “these are our profits.” He hates his business.\nAs we will see from the next section, APPL is the exact opposite of those businesses. And due to its ultra-high ROCE and ultra-low requirement of reinvestment to fuel future growth, it will still offer double-digit return in the longer run even under its current expensive valuation.\nPerpetual autonomous growth\nIf you, like this author, are a long-term investor who subscribes to the concepts of owner's earning, perpetual growth rate, and equity bond, then the long-term return is simpler. It is \"simply\" the summation of the owner's earning yield (\"OEY\") and the perpetual growth rate (\"PGR\"), i.e.,\nLonger-Term ROI = OEY + PGR\nBecause in the long term, all fluctuations in valuation are averaged out (all luck at the end even out). And it doesn't really matter how the business uses the earnings (pay out as dividend, retained in the bank account, or repurchase stocks). As long as used sensibly (as AAPL has done in the past), it will be reflected as a return to the business owner.\nOEY is the owner's earnings divided by the entry price. All the complications are in the estimation of the owner's earnings - the real economic earnings of the business, not the nominal accounting earnings. Here as a crude and conservative estimate, I will just use the free cash flow (\"FCF\") as the owner's earnings. It is conservative in the sense that rigorously speaking, the owner's earnings should be free cash flow plus the portion of CAPEx that is used to fuel the growth (i.e., the growth CAPEx). At its current price levels, the OEY is ~3.6% for AAPL (~27.4x price to FCF).\nAgain, the valuation is quite expensive and the OEY is merely 3.6%. But do not be under impressed yet, because there is a second part to the long term return, the part is the created by the PGR, perpetual growth rate. In the long term, the growth rate is:\nPGR = ROCE * Reinvestment Rate\nROCE stands for the return on capital employed. Note that ROCE is different from the return on equity (and more fundamental and important in my view). ROCE considers the return of capital ACTUALLY employed, and therefore provides insight into how much additional capital a business needs to invest in order to earn a given extra amount of income – a key to estimate the PGR. The reinvestment rate is the portion of income the business plows back to fuel further growth.\nSo to estimate the PGR, we need to estimate two things: ROCE and reinvestment rate.\nTo estimate the ROCE of businesses like AAPL, I consider the following items capital actually employed:\n1. Working capital, including payables, receivables, inventory. These are the capitals required for the daily operation of their businesses.\n2. Gross Property, Plant, and Equipment. These are the capitals required to actually conduct business and manufacture their products.\n3. Research and development expenses (an essential expense for a business like AAPL).\nBased on the above considerations, the ROCE of AAPL over the past decade are shown below. As seen, it was able to maintain a respectably high ROCE over the past decade: it used to be 450% early in the decade and still hovers around an average of 150% in recent years since 2016. To put things in perspective, as detailed in myprevious articleforVisa Inc., another autonomous grower that Buffett likes, Visa features a ROCE “only” around 105%.\n\nSource: author and Seeking Alpha.\nNow let’s see the reinvestment part. In recent years, the following is how AAPL has been allocating its operation cash (“OPC”). As seen, AAPL has been using on average ~33% of the OPC as maintenance CAPEx and dividend. So these two “mandatory” have been on average costing only 1/3 of AAPL’s operation cash in recent years. The quotation mark means even though dividend is usually considered an optional cost. But for a stock with AAPL’s status, management probably won’t cut it unless they really have to.\nFor the remaining 2/3, the company does have a choice. It can use it for a variety of things: reinvest to fuel further growth, retain it to strength the balance sheet, pay an extra special dividend, pay down debt, buyback shares, et al. It obviously makes total sense to reinvest all of it to fuel further growth given its 150% ROCE. At this ROCE, $1 reinvested would be fuel $1.5 of additional earning! But the problem is that for businesses at this scale, there are just not that many opportunities to reinvest the earnings. As a result, AAPL has been allocating a part of the remaining earning, on average 70% in recently years, to buy back shares. Such repurchases, besides reflecting the confidence of the management on their own business, again also signals the lack of good reinvestment opportunities.\nBut all things considered, with such spectacular ROCE, AAPL does not need that much reinvestment to grow, as elaborated below.\n\nSource: author and Seeking Alpha.\nWith a 150% ROCE, it means that even if AAPL only reinvests 5% of its earning to expand the capital employed, it could maintain a 7.5% PGR (PGR = ROCE * fraction of earning reinvested = 150% * 5% = 7.5%). As aforementioned, this is a reason that AAPL can afford to use pretty much all the OPC for dividend and share repurchase after covering its maintenance CAPEx.\nNow we have both pieces of the puzzle in place to estimate the long-term return. At its current price levels, the OEY is estimated to be ~3.6%, and the PGR is about 7.5%. So the total return in the long term at current valuation would be a double digit 11% as shown in the chart below. Also as seen, even when ROCE fluctuates somewhat, the fluctuations wouldn’t change the long-term return dramatically.\n\nSource: author.\nConclusion and final thought\nMany of Buffett's largest and best deals are purchased below or around 10x EBT, ranging from Coca-Cola, American Express, Wells Fargo, Walmart, Burlington Northern, and also the more recent AAPL purchase and his $25B repurchases of BRK.A shares.\nThis article analyzes AppleInc.under the context as the largest purchase and also largest holding in the Buffett portfolio. This analysis approaches the purchase under a framework that I call the Buffett’s 10x Pretax Rule. The analysis showed that When Buffett purchased AAPL in 2016 and 2017, it met all the requirements for the 10x pretax rule and represented another textbook illustration of his value driven success.\nThen this article also attempted to answer why he is holding it given the current relatively expensive valuation. He is definitely NOT holding AAPL as a technology stock, wishing for the next technology breakthrough to double the earning. He must be holding AAPL for its perpetual autonomous growth – a business that can almost “automatically” grow without the need of too much reinvestment. From this perspective, the result show that these shares still can offer double-digit return even under its current expensive valuation.\nAnd as a final note before ending this section, this might be the most valuable insight that I’ve learned by studying Warren Buffett’s investment philosophy. The insight really is that I do not need a business with double-digit growth to generate double-digit returns. A reliable business that can offer a stable growth at a boring rate of a few percent (like ~5%) can already provide double-digit returns with good certainty as long as A) they are purchased at a reasonable valuation, and B) they have ROCE sufficiently high so that the growth can be driven by reinvesting a small fraction of the income. In the long run, assuming a growth rate more than 5% percent probably is a dangerous assumption to start with anyway.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175056989,"gmtCreate":1626999719241,"gmtModify":1633768963832,"author":{"id":"3561932898161790","authorId":"3561932898161790","name":"ChoongHwee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561932898161790","authorIdStr":"3561932898161790"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175056989","repostId":"2153412677","repostType":4,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}