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2021-12-13

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Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>

2021-09-05

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2021-08-28

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2021-07-11

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2021-07-01

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3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</blockquote>

2021-06-22

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2021-06-18

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2021-08-20

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Intel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</blockquote>

2021-12-07

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2021-06-25

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Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</blockquote>

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8%.</p><p><blockquote><html><head></head><body>热门中国美国存托凭证早盘上涨。阿里巴巴-SW、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴全球、哔哩哔哩和爱奇艺涨幅在1%至8%之间。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/47255c45e62886be68ff99080f521c9a\" tg-width=\"352\" tg-height=\"790\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></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>Hot Chinese ADRs Rallied in Morning Trading<blockquote>热门中国美国存托凭证早盘上涨</blockquote></title>\n<style 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#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\">\nHot Chinese ADRs Rallied in Morning Trading<blockquote>热门中国美国存托凭证早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-30 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Hot Chinese ADRs rallied in morning trading. Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and iQIYI climed between 1% and 8%.</p><p><blockquote><html><head></head><body>热门中国美国存托凭证早盘上涨。阿里巴巴-SW、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴全球、哔哩哔哩和爱奇艺涨幅在1%至8%之间。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/47255c45e62886be68ff99080f521c9a\" tg-width=\"352\" tg-height=\"790\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTES":"网易","XPEV":"小鹏汽车","LI":"理想汽车","BILI":"哔哩哔哩","BABA":"阿里巴巴","EDU":"新东方","BEKE":"贝壳","BIDU":"百度","JD":"京东","RLX":"雾芯科技","NIO":"蔚来","PDD":"拼多多","IQ":"爱奇艺","DIDI":"滴滴(已退市)"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147910736","content_text":"Hot Chinese ADRs rallied in morning trading. Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and iQIYI climed between 1% and 8%.","news_type":1,"symbols_score_info":{"IQ":0.9,"JD":0.9,"DIDI":0.9,"NIO":0.9,"BIDU":0.9,"NTES":0.9,"PDD":0.9,"BABA":0.9,"XPEV":0.9,"LI":0.9,"RLX":0.9,"BILI":0.9,"EDU":0.9,"BEKE":0.9}},"isVote":1,"tweetType":1,"viewCount":2632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696886771,"gmtCreate":1640662799811,"gmtModify":1640662799955,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696886771","repostId":"1178753028","repostType":4,"repost":{"id":"1178753028","kind":"news","pubTimestamp":1640659653,"share":"https://www.laohu8.com/m/news/1178753028?lang=zh_CN&edition=full","pubTime":"2021-12-28 10:47","market":"us","language":"en","title":"Why AMD Stock Lit Up Today<blockquote>为什么AMD股票今天上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178753028","media":"Motley Fool","summary":"What happened\nSemiconductor giantAdvanced Micro Devices(NASDAQ:AMD)stock is up a solid 5.7% as of 2:","content":"<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Semiconductor giant<b>Advanced Micro Devices</b>(NASDAQ:AMD)stock is up a solid 5.7% as of 2:05 p.m. ET Monday -- the first trading day after the Christmas break. Curiously, the reason that AMD stock is up today is the same thing that's been bugging semiconductor investors all year long:&nbsp;the&nbsp;global semiconductor shortage.</p><p><blockquote>半导体巨头<b>先进微设备公司</b>截至美国东部时间周一下午2:05，（纳斯达克：AMD）股价稳步上涨5.7%——圣诞假期后的第一个交易日。奇怪的是，AMD股价今天上涨的原因与全年困扰半导体投资者的原因相同：全球半导体短缺。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> By now this story should be familiar to you. All year long, companies that build things that need semiconductors to run them -- which, at this point in history, means everything from PCs to cellphones to cars to kids' toys -- have struggled to get enough semiconductors to manufacture all the products that their customers want to buy.</p><p><blockquote>现在你应该对这个故事很熟悉了。一整年来，生产需要半导体来运行的产品的公司——在历史上，这意味着从个人电脑到手机、汽车到儿童玩具的一切——一直在努力获得足够的半导体来制造所有产品他们的客户想要购买。</blockquote></p><p> Evensemiconductor manufacturers&nbsp;are in something of a bind. On the one hand, constrained chip supplies mean semiconductor makers can charge more money for their chips -- but only if they have enough manufacturing capacity to make those chips in the first place. This is why the latest semiconductor news is such&nbsp;<i>good</i>&nbsp;news for AMD stock.</p><p><blockquote>即使是半导体制造商也陷入了困境。一方面，芯片供应有限意味着半导体制造商可以为其芯片收取更多费用——但前提是他们首先有足够的制造能力来制造这些芯片。这就是为什么最新的半导体新闻如此<i>好的</i>AMD股票新闻。</blockquote></p><p> As Reuters reported on Thursday, just ahead of the Christmas break, AMD was able to amend and extend its contract manufacturing agreement with<b>GlobalFoundries</b>(NASDAQ:GFS). Instead of having GlobalFoundries send it just $1.6 billion worth of silicon wafers between 2022 and 2024, AMD will buy $2.1 billion in wafers from 2022 to 2025.</p><p><blockquote>正如路透社周四报道的那样，就在圣诞假期之前，AMD能够修改并延长其与<b>GlobalFoundries</b>（纳斯达克：GFS）。AMD将在2022年至2025年期间购买价值21亿美元的硅片，而不是让GlobalFoundries在2022年至2024年期间仅向其发送价值16亿美元的硅片。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Of course, this could actually be a \"good news, bad news\" development for AMD when you think about it. On the one hand, AMD has extended its access to GlobalFoundries', er, foundries for an extra year. On the other hand, though, extending a three-year contract by one year is a 33.3% extension in time, while the number of chips AMD is buying over that longer timespan is just 31.2% more than it was scheduled to acquire over the original three-year timespan.</p><p><blockquote>当然，仔细想想，这对AMD来说实际上可能是一个“好消息，坏消息”的发展。一方面，AMD将其对GlobalFoundries的代工厂的准入延长了一年。但另一方面，将三年合同延长一年在时间上延长了33.3%，而AMD在更长时间内购买的芯片数量仅比原计划购买的芯片数量多31.2%三年的时间跨度。</blockquote></p><p> Net-net, that works out to slightly&nbsp;<i>less</i>&nbsp;access to GlobalFoundries' manufacturing capacity in the fourth year of the contract than in the original three years. And one also has to wonder if, given the rising prices of semiconductors globally, the extra $500 million AMD will be paying for the fourth year, will buy as large a volume of chips as the company was already contracted to acquire in the first three years of the contract -- a fact Reuters didn't elaborate on.</p><p><blockquote>净-净，结果稍微<i>低于</i>在合同的第四年比最初的三年更能获得格芯的制造能力。人们还不得不怀疑，鉴于全球半导体价格不断上涨，AMD将在第四年额外支付的5亿美元是否会购买与该公司在前三年已经签约收购的芯片数量一样多的芯片。合同的年份——路透社没有详细说明这一事实。</blockquote></p><p> Until we&nbsp;learn more about this deal, the answer to that question will remain up in the air.</p><p><blockquote>在我们更多地了解这笔交易之前，这个问题的答案仍悬而未决。</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>Why AMD Stock Lit Up Today<blockquote>为什么AMD股票今天上涨</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\">\nWhy AMD Stock Lit Up Today<blockquote>为什么AMD股票今天上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-28 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Semiconductor giant<b>Advanced Micro Devices</b>(NASDAQ:AMD)stock is up a solid 5.7% as of 2:05 p.m. ET Monday -- the first trading day after the Christmas break. Curiously, the reason that AMD stock is up today is the same thing that's been bugging semiconductor investors all year long:&nbsp;the&nbsp;global semiconductor shortage.</p><p><blockquote>半导体巨头<b>先进微设备公司</b>截至美国东部时间周一下午2:05，（纳斯达克：AMD）股价稳步上涨5.7%——圣诞假期后的第一个交易日。奇怪的是，AMD股价今天上涨的原因与全年困扰半导体投资者的原因相同：全球半导体短缺。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> By now this story should be familiar to you. All year long, companies that build things that need semiconductors to run them -- which, at this point in history, means everything from PCs to cellphones to cars to kids' toys -- have struggled to get enough semiconductors to manufacture all the products that their customers want to buy.</p><p><blockquote>现在你应该对这个故事很熟悉了。一整年来，生产需要半导体来运行的产品的公司——在历史上，这意味着从个人电脑到手机、汽车到儿童玩具的一切——一直在努力获得足够的半导体来制造所有产品他们的客户想要购买。</blockquote></p><p> Evensemiconductor manufacturers&nbsp;are in something of a bind. On the one hand, constrained chip supplies mean semiconductor makers can charge more money for their chips -- but only if they have enough manufacturing capacity to make those chips in the first place. This is why the latest semiconductor news is such&nbsp;<i>good</i>&nbsp;news for AMD stock.</p><p><blockquote>即使是半导体制造商也陷入了困境。一方面，芯片供应有限意味着半导体制造商可以为其芯片收取更多费用——但前提是他们首先有足够的制造能力来制造这些芯片。这就是为什么最新的半导体新闻如此<i>好的</i>AMD股票新闻。</blockquote></p><p> As Reuters reported on Thursday, just ahead of the Christmas break, AMD was able to amend and extend its contract manufacturing agreement with<b>GlobalFoundries</b>(NASDAQ:GFS). Instead of having GlobalFoundries send it just $1.6 billion worth of silicon wafers between 2022 and 2024, AMD will buy $2.1 billion in wafers from 2022 to 2025.</p><p><blockquote>正如路透社周四报道的那样，就在圣诞假期之前，AMD能够修改并延长其与<b>GlobalFoundries</b>（纳斯达克：GFS）。AMD将在2022年至2025年期间购买价值21亿美元的硅片，而不是让GlobalFoundries在2022年至2024年期间仅向其发送价值16亿美元的硅片。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Of course, this could actually be a \"good news, bad news\" development for AMD when you think about it. On the one hand, AMD has extended its access to GlobalFoundries', er, foundries for an extra year. On the other hand, though, extending a three-year contract by one year is a 33.3% extension in time, while the number of chips AMD is buying over that longer timespan is just 31.2% more than it was scheduled to acquire over the original three-year timespan.</p><p><blockquote>当然，仔细想想，这对AMD来说实际上可能是一个“好消息，坏消息”的发展。一方面，AMD将其对GlobalFoundries的代工厂的准入延长了一年。但另一方面，将三年合同延长一年在时间上延长了33.3%，而AMD在更长时间内购买的芯片数量仅比原计划购买的芯片数量多31.2%三年的时间跨度。</blockquote></p><p> Net-net, that works out to slightly&nbsp;<i>less</i>&nbsp;access to GlobalFoundries' manufacturing capacity in the fourth year of the contract than in the original three years. And one also has to wonder if, given the rising prices of semiconductors globally, the extra $500 million AMD will be paying for the fourth year, will buy as large a volume of chips as the company was already contracted to acquire in the first three years of the contract -- a fact Reuters didn't elaborate on.</p><p><blockquote>净-净，结果稍微<i>低于</i>在合同的第四年比最初的三年更能获得格芯的制造能力。人们还不得不怀疑，鉴于全球半导体价格不断上涨，AMD将在第四年额外支付的5亿美元是否会购买与该公司在前三年已经签约收购的芯片数量一样多的芯片。合同的年份——路透社没有详细说明这一事实。</blockquote></p><p> Until we&nbsp;learn more about this deal, the answer to that question will remain up in the air.</p><p><blockquote>在我们更多地了解这笔交易之前，这个问题的答案仍悬而未决。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/27/why-amd-stock-lit-up-today/\">Motley Fool</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":{"AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/12/27/why-amd-stock-lit-up-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178753028","content_text":"What happened\nSemiconductor giantAdvanced Micro Devices(NASDAQ:AMD)stock is up a solid 5.7% as of 2:05 p.m. ET Monday -- the first trading day after the Christmas break. Curiously, the reason that AMD stock is up today is the same thing that's been bugging semiconductor investors all year long: the global semiconductor shortage.\nSo what\nBy now this story should be familiar to you. All year long, companies that build things that need semiconductors to run them -- which, at this point in history, means everything from PCs to cellphones to cars to kids' toys -- have struggled to get enough semiconductors to manufacture all the products that their customers want to buy.\nEvensemiconductor manufacturers are in something of a bind. On the one hand, constrained chip supplies mean semiconductor makers can charge more money for their chips -- but only if they have enough manufacturing capacity to make those chips in the first place. This is why the latest semiconductor news is such good news for AMD stock.\nAs Reuters reported on Thursday, just ahead of the Christmas break, AMD was able to amend and extend its contract manufacturing agreement withGlobalFoundries(NASDAQ:GFS). Instead of having GlobalFoundries send it just $1.6 billion worth of silicon wafers between 2022 and 2024, AMD will buy $2.1 billion in wafers from 2022 to 2025.\nNow what\nOf course, this could actually be a \"good news, bad news\" development for AMD when you think about it. On the one hand, AMD has extended its access to GlobalFoundries', er, foundries for an extra year. On the other hand, though, extending a three-year contract by one year is a 33.3% extension in time, while the number of chips AMD is buying over that longer timespan is just 31.2% more than it was scheduled to acquire over the original three-year timespan.\nNet-net, that works out to slightly less access to GlobalFoundries' manufacturing capacity in the fourth year of the contract than in the original three years. And one also has to wonder if, given the rising prices of semiconductors globally, the extra $500 million AMD will be paying for the fourth year, will buy as large a volume of chips as the company was already contracted to acquire in the first three years of the contract -- a fact Reuters didn't elaborate on.\nUntil we learn more about this deal, the answer to that question will remain up in the air.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699422260,"gmtCreate":1639879939747,"gmtModify":1639879939944,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699422260","repostId":"1170599515","repostType":4,"repost":{"id":"1170599515","kind":"news","pubTimestamp":1639872378,"share":"https://www.laohu8.com/m/news/1170599515?lang=zh_CN&edition=full","pubTime":"2021-12-19 08:06","market":"us","language":"en","title":"Nio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动中推出新车型并谈论动力</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170599515","media":"Seeking Alpha","summary":"$Nio $ unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\". The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenar","content":"<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在2021年蔚来日推出了ET5中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5借鉴了ET7流畅的轮廓，“将高性能自动驾驶传感器无缝集成到其纯粹而进步的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买带电池组的ET5，75kWh电池组版本和386,000元（60,550美元）的价格购买100kWh版本。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5以最新的蔚来自动驾驶为特色，据称将在高速公路、市区、停车和换电等场景逐步实现安全放心的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括ET7的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电桩和3136个超级充电桩。已经为94K用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果该事件引起轰动，请关注蔚来（蔚来）周一的反弹。蔚来已经是StockTwits和Reddit的WallStreetBets上讨论最多的股票之一。查看下周关注的所有股票，了解股价波动情况。</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>Nio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动中推出新车型并谈论动力</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\">\nNio unveils new model and talks power at Nio Day event<blockquote>蔚来在蔚来日活动中推出新车型并谈论动力</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\">2021-12-19 08:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/NIO\">Nio </a> unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.</p><p><blockquote><a href=\"https://laohu8.com/S/NIO\">蔚来</a>今天在2021年蔚来日推出了ET5中型智能电动轿车。该车是这家中国电动汽车制造商的第五款量产车型。</blockquote></p><p> The automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"</p><p><blockquote>该汽车制造商表示，ET5借鉴了ET7流畅的轮廓，“将高性能自动驾驶传感器无缝集成到其纯粹而进步的车身线条中”。</blockquote></p><p> Customers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.</p><p><blockquote>客户可以以328,000元（51,450美元）的价格购买带电池组的ET5，75kWh电池组版本和386,000元（60,550美元）的价格购买100kWh版本。这些价格是补贴前的价格。</blockquote></p><p> The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.</p><p><blockquote>ET5以最新的蔚来自动驾驶为特色，据称将在高速公路、市区、停车和换电等场景逐步实现安全放心的自动驾驶体验。</blockquote></p><p> Other highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.</p><p><blockquote>蔚来（蔚来）活动的其他亮点包括ET7的更新。该公司还谈到了其电力和电池充电计划。蔚来（蔚来）表示，目前已在全国部署3348个目的地充电桩和3136个超级充电桩。已经为94K用户安装了家用充电器。</blockquote></p><p> Watch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.</p><p><blockquote>如果该事件引起轰动，请关注蔚来（蔚来）周一的反弹。蔚来已经是StockTwits和Reddit的WallStreetBets上讨论最多的股票之一。查看下周关注的所有股票，了解股价波动情况。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event\">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":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/news/3781485-nio-unveils-new-model-and-talks-power-at-nio-day-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170599515","content_text":"Nio  unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.\nThe automaker says the ET5 draws on the fluid silhouette of ET7 and \"seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.\"\nCustomers can buy the ET5 with battery pack for 328,000 yuan ($51,450) for the version with 75kWh battery pack and 386,000 yuan ($60,550) for the 100kWh version. Those prices are before subsidies.\nThe ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenarios such as highways, urban areas, parking and battery swapping.\nOther highlights from Nio's (NIO) event included updates on the ET7. The company also talked up its power and battery charging initiatives. Nio (NIO) said it has now deployed 3,348 destination chargers and 3,136 super chargers across China. Home chargers have been installed for 94K users.\nWatch Nio (NIO) for a bounce on Monday if the event creates buzz. Nio is already one of the most discussed stocks on StockTwits and Reddit's WallStreetBets. See all the stocks on watch next week for some share price volatility.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607742048,"gmtCreate":1639609344889,"gmtModify":1639609345030,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607742048","repostId":"2191956629","repostType":4,"isVote":1,"tweetType":1,"viewCount":2381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604369371,"gmtCreate":1639351212830,"gmtModify":1639351212969,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604369371","repostId":"1118643418","repostType":4,"repost":{"id":"1118643418","kind":"news","pubTimestamp":1639350312,"share":"https://www.laohu8.com/m/news/1118643418?lang=zh_CN&edition=full","pubTime":"2021-12-13 07:05","market":"us","language":"en","title":"Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118643418","media":"Barrons","summary":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a","content":"<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</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>Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</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 Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5\">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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118643418","content_text":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.\nIt’s an astonishing performance. Keep in mind that there’s only one other company— Microsoft —with a market cap above $2 trillion, and just three others— Alphabet,Amazon.com,and Tesla —above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.\nSo what’s going on here?\nI’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.\nFor starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.\nAnalysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.\nMeanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.\nPerhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.\nFor instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.\n“Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.\nApple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.\nThe potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.\nBernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.\nIn case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.\nMark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606151590,"gmtCreate":1638845743033,"gmtModify":1638845910840,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606151590","repostId":"2189686612","repostType":4,"isVote":1,"tweetType":1,"viewCount":3578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814279735,"gmtCreate":1630833699827,"gmtModify":1632905638678,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814279735","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":2787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811529889,"gmtCreate":1630332764041,"gmtModify":1704958644561,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811529889","repostId":"1182616475","repostType":4,"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813109816,"gmtCreate":1630141998835,"gmtModify":1704956507760,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813109816","repostId":"2162733980","repostType":4,"isVote":1,"tweetType":1,"viewCount":2428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832620531,"gmtCreate":1629623639823,"gmtModify":1633683691461,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832620531","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":2483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836369997,"gmtCreate":1629456335119,"gmtModify":1633684722258,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836369997","repostId":"1124578118","repostType":4,"repost":{"id":"1124578118","kind":"news","pubTimestamp":1629452876,"share":"https://www.laohu8.com/m/news/1124578118?lang=zh_CN&edition=full","pubTime":"2021-08-20 17:47","market":"us","language":"en","title":"Intel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124578118","media":"Seeking Alpha","summary":"Summary\n\nMany tech names have done stock splits in 2020 and 2021 that got a lot of attention.\nINTC h","content":"<p><h3><b>Summary</b></h3> <ul>  <li>Many tech names have done stock splits in 2020 and 2021 that got a lot of attention.</li>  <li>INTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.</li>  <li>Intel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.</li>  <li>I do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.</li> </ul> <h3><b>Article Thesis</b></h3> Due to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.</p><p><blockquote><h3><b>总结</b></h3><ul><li>许多科技公司在2020年和2021年进行了股票分割，引起了广泛关注。</li><li>INTC过去经常进行股票分割，但在过去20年里没有。我们将看看原因以及它们对未来的意义。</li><li>英特尔存在一些问题，但另一方面，股价相当便宜，收益率高于平均水平。总而言之，英特尔看起来既不是特别强大，也不是特别糟糕。</li><li>我在现金流王国做的不仅仅是文章：会员可以访问模型投资组合、定期更新、聊天室等等。</li></ul><h3><b>文章论文</b></h3>由于读者的需求，我们将看看英特尔公司（INTC）是否可能在可预见的未来进行另一次股票分割。英伟达（NVDA）等同行最近已经这样做了，因此这个想法并不完全奇怪。但与此同时，应该指出的是，英特尔的股价最近一直低迷，由于股价远非昂贵，我认为短期内不太可能进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Price</b></h3> Intel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and <a href=\"https://laohu8.com/S/AMD\">AMD</a> (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:</p><p><blockquote><h3><b>INTC股价</b></h3>就收入和产量而言，英特尔公司是一家领先的半导体公司，但由于新工艺的问题，以及与同行相比市场份额下降，例如<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>和<a href=\"https://laohu8.com/S/AMD\">AMD</a>（AMD），其股价近年来的表现远远落后于整个半导体行业：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/43a79e5a532c48440cc2ab0a982ad3d4\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\">Data by&nbsp;YCharts</p><p><blockquote>数据来自YCharts</blockquote></p><p> With a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&amp;P 500's (SPY) yield.</p><p><blockquote>英特尔五年内的回报率为70%，这远非一项糟糕的投资，因为每年的回报率仍高达11%左右。但与同行和整个半导体行业(SOXX)相比，英特尔公司的回报看起来相当糟糕，因为其他公司的股价在同一时间内上涨了300%以上。英特尔的市值为2100亿美元，但比英伟达便宜，尽管英特尔的收入、盈利和现金流要高得多——由于其更好的增长和更具吸引力的产品阵容，市场对英伟达的估值过高。以目前约53美元的价格计算，英特尔的交易价格比63美元的共识目标价低约20%，这表明明年具有强劲的上涨潜力。根据目前对今年每股收益的预测，英特尔公司的净利润为11倍，即<a href=\"https://laohu8.com/S/AONE.U\">一</a>是半导体行业估值最低的，与大盘估值相比有明显的折扣。与此同时，英特尔今天还提供2.6%的股息收益率，大约是标普500（SPDR标普500指数ETF）收益率的两倍。</blockquote></p><p> <h3><b>Is Intel Stock Likely To Split Again</b></h3> In 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL) and <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> (TSLA) did them, while there was also&nbsp;speculation&nbsp;that <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors,&nbsp;did a stock split as well.</p><p><blockquote><h3><b>英特尔股票可能再次分割吗</b></h3>2020年和2021年，股票分割受到了很多关注，因为像<a href=\"https://laohu8.com/S/AAPL\">苹果</a>(AAPL)和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>（特斯拉）做到了，同时也有人猜测<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>（AMZN）可能有兴趣进行股票分割。不久前，英特尔的主要竞争对手之一英伟达也进行了股票分割。</blockquote></p><p> Some readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:</p><p><blockquote>一些读者有兴趣知道英特尔是否也可能进行股票分割，这就是为什么我们可以尝试衡量其利弊。我们先来看看英特尔的股票分割历史：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4744a6590d2621204996b265d995a823\" tg-width=\"624\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source:</i>&nbsp;<i>Intel Corporation</i></p><p><blockquote><i>资料来源：</i> <i>英特尔公司</i></blockquote></p><p> We see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.</p><p><blockquote>我们看到该公司过去曾多次进行股票分割，公司网站上总共记录了13次股票分割。显然，该公司过去并不不愿意拆股。但与此同时，我们也可以注意到，一系列股票分割在2000年停止，也就是二十多年前。从那时起，没有进行过一次股票分割，这意味着该公司似乎没有看到从那时起分割股票的充分理由。当英特尔在2000年进行最后一次股票分割时，其股价远高于100美元，有时甚至高达150美元。换句话说，当英特尔上次进行股票分割时，其股票的名义价格相对较高，这当然是互联网泡沫的结果，在此期间英特尔股价飙升。从那时起，股价就没有恢复到以前的强势，因为即使在2000年7月发生2-1的分割之后，它们的交易价格仍然低于当时的高点。</blockquote></p><p> When we look at other stock splits, we see a similar pattern:</p><p><blockquote>当我们观察其他股票分割时，我们会看到类似的模式：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/ccb1e1f3475ca38ef9dc7cbb0216124a\" tg-width=\"461\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><i>Source:</i>&nbsp;<i>getsplithistory.com</i></p><p><blockquote><i>资料来源：</i> <i>getsplithistory.com</i></blockquote></p><p> Shares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --<i>they are too cheap for a split</i>. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.</p><p><blockquote>在其他股票分割之前，股票交易价格也远高于100美元，例如1999年、1997年、1995年和1993年。经通货膨胀调整后，按今天的美元计算，这一数字可能约为200美元。当我们将这些价格与英特尔当前的股价进行比较时，英特尔在过去二十年中决定不拆股似乎有一个很好的理由——<i>它们太便宜了，不适合分割</i>过去，当股价升至远高于100美元的水平时，英特尔会定期进行股票分割，但由于如今股价远未达到这一水平，因此现在没有充分的理由进行股票分割。</blockquote></p><p> In an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.</p><p><blockquote>在一个可以通过大多数经纪人轻松购买零碎股票的时代，股票分割总体上已经变得不那么重要了。然而，股票分割仍然有一些优势，例如当涉及到指数包含，或者当涉及到使用期权的便利性时。然而，由于英特尔的股价在50美元左右，这些论点并不真正有效，人们可以得出结论，股票分割不会带来任何明显的好处。因此，我怀疑英特尔是否会在短期内进行股票分割，至少除非其股价大幅上涨。英特尔目前的股票数量约为40亿股，这已经是一个相当大的数字，通过将股价减半来使这一数字翻倍并没有真正的好处。在过去十年中，这一数字已从约53亿美元下降到目前的水平，但英特尔还需要回购股票多年，才能使股票数量降至“过低”的数字。因此，目前我认为不太可能进行股票分割，在可预见的未来也是如此。当然，如果英特尔设法在主要市场重新站稳脚跟，并且其盈利能力和估值有所改善，它有可能在十年后进行股票分割。在这种情况下，股价最终可能会远高于今天的交易价格，这可能会导致股票分割。因此，未来的股票分割并没有完全排除，但看起来没有理由在近期或中期进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Forecast</b></h3> Wall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock is<i>Neutral</i>, which may mean that analysts are not too convinced that their models are very precise.</p><p><blockquote><h3><b>INTC股票预测</b></h3>华尔街分析师将明年的股价目标定为63美元，再加上股息，总回报率将超过20%，这无疑具有吸引力。但与此同时，该股的一致评级为<i>中立的</i>，这可能意味着分析师不太相信他们的模型非常精确。</blockquote></p><p> Looking at Seeking Alpha's&nbsp;Quant Rating&nbsp;on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).</p><p><blockquote>看看Seeking Alpha对该股的量化评级，我们看到读数为3.46，也是中性的，尽管接近看涨的边缘。英特尔量化评分的主要问题是其增长疲软，这抵消了非常强劲的价值评级。英特尔强劲的价值评级并不令人意外，因为其股价预期利润仅为11倍，与AMD（预期收益43倍）和NVIDIA（预期收益49倍）等公司相比非常有利。</blockquote></p><p> Intel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential&nbsp;new multi-billion dollar plants&nbsp;in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the&nbsp;high-single-digits&nbsp;range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.</p><p><blockquote>尽管英特尔盈利能力强、规模大，但它未能真正利用全球芯片行业的增长。数据中心等高价值领域的流程延迟和市场份额损失导致其在利润增长方面表现不佳，而且这种情况在短期内不会改变。2021年将是持平到下降的一年，2022年也可能不会出现任何有意义的利润增长。亚利桑那州的增长投资和美国潜在的数十亿美元新工厂最终应该会对英特尔的增长产生积极影响，但这些投资需要数年时间才能开始产生利润——这无助于英特尔在2021年改善其地位。不久前，我估计英特尔的长期回报潜力在高个位数范围内，其中大约三分之一来自股息。这远非坏事，我认为此时持有英特尔不会是一个糟糕的决定。然而，我不认为英特尔今天一定是一个异常强劲的买入对象——投资者可能希望等待更低的价格（看看英特尔的图表，这种情况时有发生），或者等待更清晰的了解英特尔的未来，例如当涉及到该公司在新流程方面做得如何的问题时。</blockquote></p><p></p><p> <h3><b>Is Intel Stock A Buy, Sell, Or Hold Right Now?</b></h3> Intel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&amp;D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.</p><p><blockquote><h3><b>英特尔股票现在是买入、卖出还是持有？</b></h3>总体而言，就产量、收入、现金生成和研发能力而言，英特尔仍然是领先的半导体公司。其新任首席执行官帕特·基辛格(Pat Gelsinger)似乎正在采取正确的举措，为公司的未来定位，但与此同时，英特尔是一艘需要掉头的大船，而就目前而言，英伟达等其他公司似乎更精简、更敏捷。如果英特尔在几年后重回增长轨道，投资英特尔可能会获得丰厚的回报，因为这将留下大量的多重扩张潜力。然而，并不能保证成功实现更强劲的利润增长。因此，近期前景不是很强劲，尽管如果对英特尔未来计划的情绪改善，低估值仍可能留下上涨潜力。从长远来看，英特尔有机会为股东带来收益，但前景仍然阴云密布，执行方面的不确定性仍然存在。目前，我们对英特尔持中立态度。</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>Intel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</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\">\nIntel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</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\">2021-08-20 17:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><h3><b>Summary</b></h3> <ul>  <li>Many tech names have done stock splits in 2020 and 2021 that got a lot of attention.</li>  <li>INTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.</li>  <li>Intel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.</li>  <li>I do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.</li> </ul> <h3><b>Article Thesis</b></h3> Due to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.</p><p><blockquote><h3><b>总结</b></h3><ul><li>许多科技公司在2020年和2021年进行了股票分割，引起了广泛关注。</li><li>INTC过去经常进行股票分割，但在过去20年里没有。我们将看看原因以及它们对未来的意义。</li><li>英特尔存在一些问题，但另一方面，股价相当便宜，收益率高于平均水平。总而言之，英特尔看起来既不是特别强大，也不是特别糟糕。</li><li>我在现金流王国做的不仅仅是文章：会员可以访问模型投资组合、定期更新、聊天室等等。</li></ul><h3><b>文章论文</b></h3>由于读者的需求，我们将看看英特尔公司（INTC）是否可能在可预见的未来进行另一次股票分割。英伟达（NVDA）等同行最近已经这样做了，因此这个想法并不完全奇怪。但与此同时，应该指出的是，英特尔的股价最近一直低迷，由于股价远非昂贵，我认为短期内不太可能进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Price</b></h3> Intel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and <a href=\"https://laohu8.com/S/AMD\">AMD</a> (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:</p><p><blockquote><h3><b>INTC股价</b></h3>就收入和产量而言，英特尔公司是一家领先的半导体公司，但由于新工艺的问题，以及与同行相比市场份额下降，例如<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>和<a href=\"https://laohu8.com/S/AMD\">AMD</a>（AMD），其股价近年来的表现远远落后于整个半导体行业：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/43a79e5a532c48440cc2ab0a982ad3d4\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\">Data by&nbsp;YCharts</p><p><blockquote>数据来自YCharts</blockquote></p><p> With a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&amp;P 500's (SPY) yield.</p><p><blockquote>英特尔五年内的回报率为70%，这远非一项糟糕的投资，因为每年的回报率仍高达11%左右。但与同行和整个半导体行业(SOXX)相比，英特尔公司的回报看起来相当糟糕，因为其他公司的股价在同一时间内上涨了300%以上。英特尔的市值为2100亿美元，但比英伟达便宜，尽管英特尔的收入、盈利和现金流要高得多——由于其更好的增长和更具吸引力的产品阵容，市场对英伟达的估值过高。以目前约53美元的价格计算，英特尔的交易价格比63美元的共识目标价低约20%，这表明明年具有强劲的上涨潜力。根据目前对今年每股收益的预测，英特尔公司的净利润为11倍，即<a href=\"https://laohu8.com/S/AONE.U\">一</a>是半导体行业估值最低的，与大盘估值相比有明显的折扣。与此同时，英特尔今天还提供2.6%的股息收益率，大约是标普500（SPDR标普500指数ETF）收益率的两倍。</blockquote></p><p> <h3><b>Is Intel Stock Likely To Split Again</b></h3> In 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL) and <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> (TSLA) did them, while there was also&nbsp;speculation&nbsp;that <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors,&nbsp;did a stock split as well.</p><p><blockquote><h3><b>英特尔股票可能再次分割吗</b></h3>2020年和2021年，股票分割受到了很多关注，因为像<a href=\"https://laohu8.com/S/AAPL\">苹果</a>(AAPL)和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>（特斯拉）做到了，同时也有人猜测<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>（AMZN）可能有兴趣进行股票分割。不久前，英特尔的主要竞争对手之一英伟达也进行了股票分割。</blockquote></p><p> Some readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:</p><p><blockquote>一些读者有兴趣知道英特尔是否也可能进行股票分割，这就是为什么我们可以尝试衡量其利弊。我们先来看看英特尔的股票分割历史：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4744a6590d2621204996b265d995a823\" tg-width=\"624\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source:</i>&nbsp;<i>Intel Corporation</i></p><p><blockquote><i>资料来源：</i> <i>英特尔公司</i></blockquote></p><p> We see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.</p><p><blockquote>我们看到该公司过去曾多次进行股票分割，公司网站上总共记录了13次股票分割。显然，该公司过去并不不愿意拆股。但与此同时，我们也可以注意到，一系列股票分割在2000年停止，也就是二十多年前。从那时起，没有进行过一次股票分割，这意味着该公司似乎没有看到从那时起分割股票的充分理由。当英特尔在2000年进行最后一次股票分割时，其股价远高于100美元，有时甚至高达150美元。换句话说，当英特尔上次进行股票分割时，其股票的名义价格相对较高，这当然是互联网泡沫的结果，在此期间英特尔股价飙升。从那时起，股价就没有恢复到以前的强势，因为即使在2000年7月发生2-1的分割之后，它们的交易价格仍然低于当时的高点。</blockquote></p><p> When we look at other stock splits, we see a similar pattern:</p><p><blockquote>当我们观察其他股票分割时，我们会看到类似的模式：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/ccb1e1f3475ca38ef9dc7cbb0216124a\" tg-width=\"461\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><i>Source:</i>&nbsp;<i>getsplithistory.com</i></p><p><blockquote><i>资料来源：</i> <i>getsplithistory.com</i></blockquote></p><p> Shares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --<i>they are too cheap for a split</i>. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.</p><p><blockquote>在其他股票分割之前，股票交易价格也远高于100美元，例如1999年、1997年、1995年和1993年。经通货膨胀调整后，按今天的美元计算，这一数字可能约为200美元。当我们将这些价格与英特尔当前的股价进行比较时，英特尔在过去二十年中决定不拆股似乎有一个很好的理由——<i>它们太便宜了，不适合分割</i>过去，当股价升至远高于100美元的水平时，英特尔会定期进行股票分割，但由于如今股价远未达到这一水平，因此现在没有充分的理由进行股票分割。</blockquote></p><p> In an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.</p><p><blockquote>在一个可以通过大多数经纪人轻松购买零碎股票的时代，股票分割总体上已经变得不那么重要了。然而，股票分割仍然有一些优势，例如当涉及到指数包含，或者当涉及到使用期权的便利性时。然而，由于英特尔的股价在50美元左右，这些论点并不真正有效，人们可以得出结论，股票分割不会带来任何明显的好处。因此，我怀疑英特尔是否会在短期内进行股票分割，至少除非其股价大幅上涨。英特尔目前的股票数量约为40亿股，这已经是一个相当大的数字，通过将股价减半来使这一数字翻倍并没有真正的好处。在过去十年中，这一数字已从约53亿美元下降到目前的水平，但英特尔还需要回购股票多年，才能使股票数量降至“过低”的数字。因此，目前我认为不太可能进行股票分割，在可预见的未来也是如此。当然，如果英特尔设法在主要市场重新站稳脚跟，并且其盈利能力和估值有所改善，它有可能在十年后进行股票分割。在这种情况下，股价最终可能会远高于今天的交易价格，这可能会导致股票分割。因此，未来的股票分割并没有完全排除，但看起来没有理由在近期或中期进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Forecast</b></h3> Wall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock is<i>Neutral</i>, which may mean that analysts are not too convinced that their models are very precise.</p><p><blockquote><h3><b>INTC股票预测</b></h3>华尔街分析师将明年的股价目标定为63美元，再加上股息，总回报率将超过20%，这无疑具有吸引力。但与此同时，该股的一致评级为<i>中立的</i>，这可能意味着分析师不太相信他们的模型非常精确。</blockquote></p><p> Looking at Seeking Alpha's&nbsp;Quant Rating&nbsp;on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).</p><p><blockquote>看看Seeking Alpha对该股的量化评级，我们看到读数为3.46，也是中性的，尽管接近看涨的边缘。英特尔量化评分的主要问题是其增长疲软，这抵消了非常强劲的价值评级。英特尔强劲的价值评级并不令人意外，因为其股价预期利润仅为11倍，与AMD（预期收益43倍）和NVIDIA（预期收益49倍）等公司相比非常有利。</blockquote></p><p> Intel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential&nbsp;new multi-billion dollar plants&nbsp;in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the&nbsp;high-single-digits&nbsp;range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.</p><p><blockquote>尽管英特尔盈利能力强、规模大，但它未能真正利用全球芯片行业的增长。数据中心等高价值领域的流程延迟和市场份额损失导致其在利润增长方面表现不佳，而且这种情况在短期内不会改变。2021年将是持平到下降的一年，2022年也可能不会出现任何有意义的利润增长。亚利桑那州的增长投资和美国潜在的数十亿美元新工厂最终应该会对英特尔的增长产生积极影响，但这些投资需要数年时间才能开始产生利润——这无助于英特尔在2021年改善其地位。不久前，我估计英特尔的长期回报潜力在高个位数范围内，其中大约三分之一来自股息。这远非坏事，我认为此时持有英特尔不会是一个糟糕的决定。然而，我不认为英特尔今天一定是一个异常强劲的买入对象——投资者可能希望等待更低的价格（看看英特尔的图表，这种情况时有发生），或者等待更清晰的了解英特尔的未来，例如当涉及到该公司在新流程方面做得如何的问题时。</blockquote></p><p></p><p> <h3><b>Is Intel Stock A Buy, Sell, Or Hold Right Now?</b></h3> Intel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&amp;D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.</p><p><blockquote><h3><b>英特尔股票现在是买入、卖出还是持有？</b></h3>总体而言，就产量、收入、现金生成和研发能力而言，英特尔仍然是领先的半导体公司。其新任首席执行官帕特·基辛格(Pat Gelsinger)似乎正在采取正确的举措，为公司的未来定位，但与此同时，英特尔是一艘需要掉头的大船，而就目前而言，英伟达等其他公司似乎更精简、更敏捷。如果英特尔在几年后重回增长轨道，投资英特尔可能会获得丰厚的回报，因为这将留下大量的多重扩张潜力。然而，并不能保证成功实现更强劲的利润增长。因此，近期前景不是很强劲，尽管如果对英特尔未来计划的情绪改善，低估值仍可能留下上涨潜力。从长远来看，英特尔有机会为股东带来收益，但前景仍然阴云密布，执行方面的不确定性仍然存在。目前，我们对英特尔持中立态度。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4450549-intel-stock-split-will-another-one-happen\">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":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4450549-intel-stock-split-will-another-one-happen","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124578118","content_text":"Summary\n\nMany tech names have done stock splits in 2020 and 2021 that got a lot of attention.\nINTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.\nIntel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.\nI do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.\n\nArticle Thesis\nDue to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.\nINTC Stock Price\nIntel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as NVIDIA Corp and AMD (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:\nData by YCharts\nWith a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is one of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&P 500's (SPY) yield.\nIs Intel Stock Likely To Split Again\nIn 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as Apple (AAPL) and Tesla Motors (TSLA) did them, while there was also speculation that Amazon.com (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors, did a stock split as well.\nSome readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:\n\nSource: Intel Corporation\nWe see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.\nWhen we look at other stock splits, we see a similar pattern:\nSource: getsplithistory.com\nShares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --they are too cheap for a split. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.\nIn an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.\nINTC Stock Forecast\nWall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock isNeutral, which may mean that analysts are not too convinced that their models are very precise.\nLooking at Seeking Alpha's Quant Rating on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).\nIntel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential new multi-billion dollar plants in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the high-single-digits range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.\nIs Intel Stock A Buy, Sell, Or Hold Right Now?\nIntel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898680770,"gmtCreate":1628492810890,"gmtModify":1633746707915,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898680770","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178081022,"gmtCreate":1626772045366,"gmtModify":1633771181845,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178081022","repostId":"1199229497","repostType":4,"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171093125,"gmtCreate":1626693905567,"gmtModify":1633924896324,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171093125","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179587342,"gmtCreate":1626564721386,"gmtModify":1633925921623,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/179587342","repostId":"2152681854","repostType":4,"isVote":1,"tweetType":1,"viewCount":813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179587065,"gmtCreate":1626564702757,"gmtModify":1633925921849,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179587065","repostId":"2152681854","repostType":4,"isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148529533,"gmtCreate":1625990807122,"gmtModify":1633931041159,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148529533","repostId":"1135090843","repostType":4,"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158215998,"gmtCreate":1625150952014,"gmtModify":1633944210683,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158215998","repostId":"1199212665","repostType":4,"repost":{"id":"1199212665","kind":"news","pubTimestamp":1625146084,"share":"https://www.laohu8.com/m/news/1199212665?lang=zh_CN&edition=full","pubTime":"2021-07-01 21:28","market":"us","language":"en","title":"3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199212665","media":"Motley Fool","summary":"Get ready to buy Snowflake and two other hot tech stocks if this frothy market collapses.","content":"<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.</p><p><blockquote>由于担心债券收益率上升、通货膨胀以及受益于疫情的公司增长放缓，许多高增长科技股在过去几个月出现了价格回调。</blockquote></p><p> That sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.</p><p><blockquote>这次抛售创造了一些买入机会，但该行业一些价格较高的股票只是小幅回调，保持涨幅，甚至上涨。这种相对实力令人钦佩，但对于那些不想为合适的公司支付错误价格的投资者来说，这有点令人沮丧。</blockquote></p><p> That's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:<b>Snowflake</b>(NYSE:SNOW),<b>Twilio</b>(NYSE:TWLO), and&nbsp;<b>CrowdStrike</b>(NASDAQ:CRWD).</p><p><blockquote>这就是为什么我列出了一份昂贵科技股的购物清单，这些股票是我在下一次市场崩盘时急切购买的。让我们来看看其中三家公司：<b>雪花</b>（纽约证券交易所代码：SNOW），<b>Twilio</b>（纽约证券交易所代码：TWLO），以及<b>CrowdStrike</b>（纳斯达克：CRWD）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fde232ce39d9cd52a01fd6ec018cae53\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Snowflake</b></p><p><blockquote><b>1.雪花</b></blockquote></p><p> Snowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from&nbsp;<b>Berkshire Hathaway</b>&nbsp;and&nbsp;<b>salesforce.com</b>.</p><p><blockquote>Snowflake是2020年最热门的科技IPO之一，这要归功于其令人瞠目结舌的增长率和来自<b>伯克希尔哈撒韦</b>和<b>salesforce.com</b>.</blockquote></p><p> Snowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.</p><p><blockquote>Snowflake基于云的数据仓库将公司的所有数据拉到一个平台上，然后可以将其输入第三方数据可视化应用程序。它的服务打破了不同部门和计算平台之间的孤岛，使大公司更容易做出数据驱动的决策。</blockquote></p><p> Snowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.</p><p><blockquote>Snowflake的客户数量在2021财年（截至今年1月）跃升73%至4,139家，其中包括186家财富500强公司。其收入飙升124%，达到5.92亿美元，净保留率（衡量每个现有客户的收入同比增长）达到165%。</blockquote></p><p> That growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.</p><p><blockquote>这种增长在2022年第一季度仍在继续。其收入同比增长110%至2.289亿美元，客户数量增长67%至4,532人，净保留率达到168%。</blockquote></p><p> But Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, and<i>more than doubled</i>from $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.</p><p><blockquote>但Snowflake尚未盈利。其GAAP净亏损从2020财年的3.485亿美元扩大至2021财年的5.391亿美元，并且<i>翻了一倍多</i>2022年第一季度从9360万美元增至2.032亿美元。在非公认会计准则的基础上，它也是无利可图的，这不包括其股票薪酬费用。</blockquote></p><p> Analysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.</p><p><blockquote>分析师预计Snowflake今年的收入将增长88%，亏损将收窄。然而，其股价仍是今年销售额的65倍，这表明该股仍有太多增长。但如果雪花在崩盘中被切成两半，我会考虑建立一个大头寸。</blockquote></p><p> <b>2. Twilio</b></p><p><blockquote><b>2.Twilio</b></blockquote></p><p> Twilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps&nbsp;<b>Lyft</b>'s passengers contact their drivers, and&nbsp;<b>Airbnb</b>'s guests reach their hosts.</p><p><blockquote>Twilio的云平台在应用程序中处理短信、评级和视频。例如，它有助于<b>Lyft</b>的乘客联系他们的司机，并且<b>爱彼迎</b>的客人到达他们的主人。</blockquote></p><p> In the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.</p><p><blockquote>过去，开发人员从头开始构建这些工具，这通常很耗时、有缺陷且难以扩展。然而，开发人员现在只需在他们的应用程序中添加几行代码，就可以将这些功能外包给Twilio的云服务。</blockquote></p><p> Twilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.</p><p><blockquote>2020年，Twilio的收入增长了55%，达到17.6亿美元。其净扩张率与Snowflake的净留存率相当，达到了137%。2021年第一季度，由于整合了最近收购的客户数据公司部门，其收入同比增长62%至5.9亿美元。</blockquote></p><p> Twilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.</p><p><blockquote>按GAAP计算，Twilio仍未盈利，但其非GAAP净利润在2020年增长了62%，达到3590万美元。2021年第一季度，其非GAAP净利润再增长15%至960万美元。</blockquote></p><p> Analysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.</p><p><blockquote>分析师预计其今年收入将增长44%，但由于投资增加和A2P（应用到个人）费用上涨，其非GAAP收益将再次出现亏损，现在每当应用程序访问短信网络时，运营商都会收取这些费用。</blockquote></p><p> That near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.</p><p><blockquote>对于一只交易价格是今年销售额近30倍的股票来说，近期前景看起来并不乐观。不过，我仍然认为Twilio具有巨大的增长潜力，我肯定会以较低的价格购买其股票。</blockquote></p><p> <b>3. CrowdStrike</b></p><p><blockquote><b>3.CrowdStrike</b></blockquote></p><p> CrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.</p><p><blockquote>CrowdStrike是一家网络安全公司，在一个主要方面不同于行业同行。大多数网络安全公司安装现场设备来支持其服务，这些设备的维护成本可能很高，并且随着组织的扩展难以扩展。CrowdStrike通过提供端到端安全平台作为基于云的服务来消除这些设备。</blockquote></p><p> CrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.</p><p><blockquote>CrowdStrike的增长清楚地反映了其颠覆性的潜力。其2021财年（截至今年1月）收入增长82%至8.744亿美元，订阅客户数量增长82%至9,896人，净留存率保持在120%以上。</blockquote></p><p> In the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.</p><p><blockquote>2022财年第一季度，其收入同比增长70%至3.028亿美元，用户群同比增长82%至11,420人，留存率保持在120%以上。</blockquote></p><p></p><p> CrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.</p><p><blockquote>CrowdStrike也在2021年实现了非GAAP盈利，净利润为6260万美元。2022年第一季度，其非GAAP净利润同比增长五倍多，达到2330万美元。</blockquote></p><p> Those&nbsp;numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.</p><p><blockquote>这些数字令人印象深刻，但CrowdStrike的市盈率仍约为350倍，是今年销售额的40多倍。因此，这是另一只我不会买的股票，除非市场崩盘。</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>3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</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\">\n3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-01 21:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.</p><p><blockquote>由于担心债券收益率上升、通货膨胀以及受益于疫情的公司增长放缓，许多高增长科技股在过去几个月出现了价格回调。</blockquote></p><p> That sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.</p><p><blockquote>这次抛售创造了一些买入机会，但该行业一些价格较高的股票只是小幅回调，保持涨幅，甚至上涨。这种相对实力令人钦佩，但对于那些不想为合适的公司支付错误价格的投资者来说，这有点令人沮丧。</blockquote></p><p> That's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:<b>Snowflake</b>(NYSE:SNOW),<b>Twilio</b>(NYSE:TWLO), and&nbsp;<b>CrowdStrike</b>(NASDAQ:CRWD).</p><p><blockquote>这就是为什么我列出了一份昂贵科技股的购物清单，这些股票是我在下一次市场崩盘时急切购买的。让我们来看看其中三家公司：<b>雪花</b>（纽约证券交易所代码：SNOW），<b>Twilio</b>（纽约证券交易所代码：TWLO），以及<b>CrowdStrike</b>（纳斯达克：CRWD）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fde232ce39d9cd52a01fd6ec018cae53\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Snowflake</b></p><p><blockquote><b>1.雪花</b></blockquote></p><p> Snowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from&nbsp;<b>Berkshire Hathaway</b>&nbsp;and&nbsp;<b>salesforce.com</b>.</p><p><blockquote>Snowflake是2020年最热门的科技IPO之一，这要归功于其令人瞠目结舌的增长率和来自<b>伯克希尔哈撒韦</b>和<b>salesforce.com</b>.</blockquote></p><p> Snowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.</p><p><blockquote>Snowflake基于云的数据仓库将公司的所有数据拉到一个平台上，然后可以将其输入第三方数据可视化应用程序。它的服务打破了不同部门和计算平台之间的孤岛，使大公司更容易做出数据驱动的决策。</blockquote></p><p> Snowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.</p><p><blockquote>Snowflake的客户数量在2021财年（截至今年1月）跃升73%至4,139家，其中包括186家财富500强公司。其收入飙升124%，达到5.92亿美元，净保留率（衡量每个现有客户的收入同比增长）达到165%。</blockquote></p><p> That growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.</p><p><blockquote>这种增长在2022年第一季度仍在继续。其收入同比增长110%至2.289亿美元，客户数量增长67%至4,532人，净保留率达到168%。</blockquote></p><p> But Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, and<i>more than doubled</i>from $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.</p><p><blockquote>但Snowflake尚未盈利。其GAAP净亏损从2020财年的3.485亿美元扩大至2021财年的5.391亿美元，并且<i>翻了一倍多</i>2022年第一季度从9360万美元增至2.032亿美元。在非公认会计准则的基础上，它也是无利可图的，这不包括其股票薪酬费用。</blockquote></p><p> Analysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.</p><p><blockquote>分析师预计Snowflake今年的收入将增长88%，亏损将收窄。然而，其股价仍是今年销售额的65倍，这表明该股仍有太多增长。但如果雪花在崩盘中被切成两半，我会考虑建立一个大头寸。</blockquote></p><p> <b>2. Twilio</b></p><p><blockquote><b>2.Twilio</b></blockquote></p><p> Twilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps&nbsp;<b>Lyft</b>'s passengers contact their drivers, and&nbsp;<b>Airbnb</b>'s guests reach their hosts.</p><p><blockquote>Twilio的云平台在应用程序中处理短信、评级和视频。例如，它有助于<b>Lyft</b>的乘客联系他们的司机，并且<b>爱彼迎</b>的客人到达他们的主人。</blockquote></p><p> In the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.</p><p><blockquote>过去，开发人员从头开始构建这些工具，这通常很耗时、有缺陷且难以扩展。然而，开发人员现在只需在他们的应用程序中添加几行代码，就可以将这些功能外包给Twilio的云服务。</blockquote></p><p> Twilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.</p><p><blockquote>2020年，Twilio的收入增长了55%，达到17.6亿美元。其净扩张率与Snowflake的净留存率相当，达到了137%。2021年第一季度，由于整合了最近收购的客户数据公司部门，其收入同比增长62%至5.9亿美元。</blockquote></p><p> Twilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.</p><p><blockquote>按GAAP计算，Twilio仍未盈利，但其非GAAP净利润在2020年增长了62%，达到3590万美元。2021年第一季度，其非GAAP净利润再增长15%至960万美元。</blockquote></p><p> Analysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.</p><p><blockquote>分析师预计其今年收入将增长44%，但由于投资增加和A2P（应用到个人）费用上涨，其非GAAP收益将再次出现亏损，现在每当应用程序访问短信网络时，运营商都会收取这些费用。</blockquote></p><p> That near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.</p><p><blockquote>对于一只交易价格是今年销售额近30倍的股票来说，近期前景看起来并不乐观。不过，我仍然认为Twilio具有巨大的增长潜力，我肯定会以较低的价格购买其股票。</blockquote></p><p> <b>3. CrowdStrike</b></p><p><blockquote><b>3.CrowdStrike</b></blockquote></p><p> CrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.</p><p><blockquote>CrowdStrike是一家网络安全公司，在一个主要方面不同于行业同行。大多数网络安全公司安装现场设备来支持其服务，这些设备的维护成本可能很高，并且随着组织的扩展难以扩展。CrowdStrike通过提供端到端安全平台作为基于云的服务来消除这些设备。</blockquote></p><p> CrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.</p><p><blockquote>CrowdStrike的增长清楚地反映了其颠覆性的潜力。其2021财年（截至今年1月）收入增长82%至8.744亿美元，订阅客户数量增长82%至9,896人，净留存率保持在120%以上。</blockquote></p><p> In the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.</p><p><blockquote>2022财年第一季度，其收入同比增长70%至3.028亿美元，用户群同比增长82%至11,420人，留存率保持在120%以上。</blockquote></p><p></p><p> CrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.</p><p><blockquote>CrowdStrike也在2021年实现了非GAAP盈利，净利润为6260万美元。2022年第一季度，其非GAAP净利润同比增长五倍多，达到2330万美元。</blockquote></p><p> Those&nbsp;numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.</p><p><blockquote>这些数字令人印象深刻，但CrowdStrike的市盈率仍约为350倍，是今年销售额的40多倍。因此，这是另一只我不会买的股票，除非市场崩盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/\">Motley Fool</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":{"TWLO":"Twilio Inc","CRWD":"CrowdStrike Holdings, Inc.","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199212665","content_text":"Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.\nThat sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.\nThat's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:Snowflake(NYSE:SNOW),Twilio(NYSE:TWLO), and CrowdStrike(NASDAQ:CRWD).\nIMAGE SOURCE: GETTY IMAGES.\n1. Snowflake\nSnowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from Berkshire Hathaway and salesforce.com.\nSnowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.\nSnowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.\nThat growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.\nBut Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, andmore than doubledfrom $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.\nAnalysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.\n2. Twilio\nTwilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps Lyft's passengers contact their drivers, and Airbnb's guests reach their hosts.\nIn the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.\nTwilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.\nTwilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.\nAnalysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.\nThat near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.\n3. CrowdStrike\nCrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.\nCrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.\nIn the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.\nCrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.\nThose numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.","news_type":1,"symbols_score_info":{"TWLO":0.9,"SNOW":0.9,"CRWD":0.9}},"isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153230015,"gmtCreate":1625026101237,"gmtModify":1633945682084,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153230015","repostId":"2147585034","repostType":4,"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127414867,"gmtCreate":1624862976659,"gmtModify":1633947802839,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127414867","repostId":"1194817259","repostType":4,"repost":{"id":"1194817259","kind":"news","pubTimestamp":1624858089,"share":"https://www.laohu8.com/m/news/1194817259?lang=zh_CN&edition=full","pubTime":"2021-06-28 13:28","market":"us","language":"en","title":"KKR Dealmakers Pause for Breath After $60 Billion Pandemic Binge<blockquote>KKR交易撮合者在600亿美元的疫情狂欢后暂停喘息</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194817259","media":"Bloomberg","summary":"(Bloomberg) -- A relentless global deal binge totaling nearly $60 billion has KKR & Co.’s leadership","content":"<p>(Bloomberg) -- A relentless global deal binge totaling nearly $60 billion has KKR &amp; Co.’s leadership taking stock -- and a breather.</p><p><blockquote>（彭博社）——总额近600亿美元的无情全球交易热潮让KKR&amp;Co.的领导层进行了盘点，并得到了喘息。</blockquote></p><p> When the pandemic hit, shortly after Philipp Freise and Mattia Caprioli took over new roles in Europe, the buyout house started deploying as much capital as possible while most rivals held back. More than a third of the total was spent in Europe, and KKR started working on a new fund dedicated to the region just a year after closing the last one.</p><p><blockquote>当疫情来袭时，菲利普·弗雷斯(Philipp Freise)和马蒂亚·卡普里奥利(Mattia Caprioli)在欧洲接任新职务后不久，这家收购公司开始部署尽可能多的资本，而大多数竞争对手却犹豫不决。其中超过三分之一的资金用于欧洲，KKR在关闭上一只基金一年后就开始致力于专门针对该地区的新基金。</blockquote></p><p> The breakneck pace of deals took its toll. KKR is now echoing the gentler tone adopted by investment banks like Goldman Sachs Group Inc. after employees balked at the work-till-you-drop culture. The biggest challenge to high performance in the buyout industry is “constant exhaustion,” Freise, 47, said in an interview.</p><p><blockquote>交易的极快速度造成了损失。在员工对“工作到放弃”文化犹豫不决后，KKR现在呼应了高盛集团等投资银行所采取的温和语气。47岁的弗雷斯在接受采访时表示，收购行业高绩效面临的最大挑战是“持续疲惫”。</blockquote></p><p> “As new-generation leaders, our job is to really temper,” said the German dealmaker, who’s co-head of KKR’s European private equity business with Caprioli. “It is almost like conducting an orchestra where the whole thing has gone into ‘Ride of the Valkyries’ -- we have to slow down a little bit to protect the human element from crashing.”</p><p><blockquote>“作为新一代领导者，我们的工作是真正缓和局势，”这位与卡普里奥利共同担任KKR欧洲私募股权业务联席主管的德国交易撮合者表示。“这几乎就像指挥一支管弦乐队，整个事情都进入了《女武神之旅》——我们必须放慢一点速度，以保护人为因素不崩溃。”</blockquote></p><p> The unusually open tone by leaders in the cutthroat buyout industry comes as workplace cultures come under increasing scrutiny and employers seek ways to retain a younger generation of workers. The pandemic served up a brutal cocktail of more deals done over marathon video calls by employees isolated at home. The priority now for Freise and Caprioli is to offer time to recover and make room for a more thoughtful investing approach.</p><p><blockquote>在残酷的收购行业中，领导者们异常开放的语气出现之际，工作场所文化受到越来越多的审查，雇主们正在寻找留住年轻一代员工的方法。疫情提供了一个残酷的鸡尾酒，更多的交易是由隔离在家中的员工通过马拉松视频评级完成的。弗里斯和卡普里奥利现在的首要任务是提供时间恢复，并为更深思熟虑的投资方法腾出空间。</blockquote></p><p> They gave junior staff every Friday off in November and December last year, encouraging them to spend time thinking and reading. The duo have also handed responsibility to their rising stars for emerging trends like medical technology and the future of work.</p><p><blockquote>去年11月和12月，他们让初级员工每周五休息，鼓励他们花时间思考和阅读。两人还将医疗技术和未来工作等新兴趋势的责任交给了他们的后起之秀。</blockquote></p><p> “I don’t think that in the private equity industry 10 years ago people saw it really as their jobs to focus on managing. They thought it was their job to go out and find deals,” Freise said. “The future setup of the private equity industry is to assemble, to retain and manage high-performance teams.”</p><p><blockquote>“我不认为10年前在私募股权行业，人们真的认为专注于管理是他们的工作。他们认为出去寻找交易是他们的工作，”Freise说。“私募股权行业的未来设置是组建、保留和管理高绩效团队。”</blockquote></p><p> Wall Street was set abuzz this year by a leaked presentation from junior Goldman analysts detailing their punishing workload. Banks have responded by raising pay, offering retention bonuses or giving perks from Peloton bikes to Apple gadgets.</p><p><blockquote>今年，高盛初级分析师泄露的一份详细介绍了他们繁重工作量的演示文稿在华尔街引起了轩然大波。银行的回应是提高工资、提供保留奖金或提供从Peloton自行车到苹果小工具的福利。</blockquote></p><p> The issue at buyout firms, like investment banks, is that employees worked around the clock as the pandemic threw up a plethora of deal opportunities. As Covid-19 spread around the globe, KKR decided to not repeat its mistake from the financial crisis, when it stayed largely on the sidelines.</p><p><blockquote>投资银行等收购公司的问题是，随着疫情带来大量交易机会，员工们夜以继日地工作。随着Covid-19在全球蔓延，KKR决定不再重蹈金融危机的覆辙，当时它基本上保持观望。</blockquote></p><p> It became a pivotal moment for KKR in Europe, where it previously hadn’t deployed as much money as in other parts of the world. KKR has announced $19.6 billion of deals in the region since the start of the pandemic, from listed company buyouts to minority investments, according to data compiled by Bloomberg. It’s also snapped up assets from other private equity firms, and sometimes swooped in before rivals had a chance to bid.</p><p><blockquote>这成为KKR在欧洲的关键时刻，此前该公司在欧洲部署的资金不如在世界其他地区多。根据彭博社汇编的数据，自疫情爆发以来，KKR已在该地区宣布了196亿美元的交易，从上市公司收购到少数股权投资。它还从其他私募股权公司手中抢购资产，有时甚至在竞争对手有机会竞购之前就突然介入。</blockquote></p><p> “If anything, we missed some opportunities that if we had more capital available we would have done,” said Caprioli, a 47-year-old Italian who previously worked in mergers and acquisitions at Goldman.</p><p><blockquote>“如果说有什么不同的话，那就是我们错过了一些机会，如果我们有更多可用资本，我们就会抓住这些机会，”曾在高盛从事并购工作的47岁意大利人卡普里奥利说。</blockquote></p><p> Just as virus lockdowns were coming into force in March last year, KKR bought Pennon Group Plc’s waste-management arm for 4.2 billion pounds ($5.8 billion). It also acquired the Wella and Clairol hair-care brands from Coty Inc. in a $4.3 billion transaction.</p><p><blockquote>就在去年3月病毒封锁生效时，KKR以42亿英镑（58亿美元）收购了Pennon Group Plc的废物管理部门。它还以43亿美元的交易从黄凤英公司收购了Wella和Clairol护发品牌。</blockquote></p><p> Later in the year, KKR teamed up with Cinven and Providence Equity Partners to take Masmovil Ibercom SA private in a 3 billion-euro ($3.6 billion) deal and agreed to invest in French hospital chain Elsan alongside Ardian. Market dislocations helped KKR buy some assets for 20% to 30% less than it would pay in a heated auction process, Freise said. The firm reached an agreement this May to buy environmental consultancy ERM Group Inc. for $2.7 billion including debt.</p><p><blockquote>今年晚些时候，KKR与Cinven和Providence Equity Partners合作，以30亿欧元（36亿美元）的价格将Masmovil Ibercom SA私有化，并同意与Ardian一起投资法国连锁医院Elsan。Freise表示，市场混乱帮助KKR以比激烈拍卖过程中支付的价格低20%至30%的价格购买了一些资产。该公司今年5月达成协议，以27亿美元（含债务）收购环境咨询公司ERM Group Inc.。</blockquote></p><p> Caprioli sees more deals on the horizon, with a focus on health care, sustainability, tech and the U.K. Competition for targets is rising, thanks to the record amounts of capital flowing into private equity funds and buoyant debt markets.</p><p><blockquote>卡普里奥利认为更多交易即将到来，重点是医疗保健、可持续发展、科技和英国。由于流入私募股权基金的资金量创历史新高和债务市场活跃，对目标的竞争正在加剧。</blockquote></p><p> Success may require a new approach. Caprioli said he sees this moment as an opportunity to review how KKR recruits, motivates and retain talent. Earlier this year, it hired a former concert pianist as an operating executive in London to work with tech companies in its portfolio.</p><p><blockquote>成功可能需要一种新的方法。卡普里奥利表示，他认为这一时刻是一个回顾KKR如何招募、激励和留住人才的机会。今年早些时候，该公司聘请了一位前音乐会钢琴家担任伦敦的运营主管，与其投资组合中的科技公司合作。</blockquote></p><p> “We need people who go deep in their thinking process,” he said. “Those type of profiles, do you get them out of university, or can you get someone who is streetwise? It’s an interesting challenge.”</p><p><blockquote>“我们需要深入思考过程的人，”他说。“这些类型的个人资料，你能从大学毕业吗，或者你能找到一个街头智慧的人吗？这是一个有趣的挑战。”</blockquote></p><p></p><p> Freise, who previously helped found the failed Venturepark startup incubator in Berlin, couldn’t build financial models when he joined KKR nearly two decades ago as one of its earliest London employees.</p><p><blockquote>Freise曾帮助在柏林创建了失败的Venturepark创业孵化器，近20年前，当他作为KKR最早的伦敦员工之一加入KKR时，他无法建立财务模型。</blockquote></p><p> “A high-performance team these days is very different from 10 years ago,” he said. “We have to be unconventional to ensure diversity of thought.”</p><p><blockquote>“如今的高绩效团队与10年前有很大不同，”他说。“我们必须标新立异，以确保思想的多样性。”</blockquote></p><p></p>","source":"lsy1612507957220","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>KKR Dealmakers Pause for Breath After $60 Billion Pandemic Binge<blockquote>KKR交易撮合者在600亿美元的疫情狂欢后暂停喘息</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\">\nKKR Dealmakers Pause for Breath After $60 Billion Pandemic Binge<blockquote>KKR交易撮合者在600亿美元的疫情狂欢后暂停喘息</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-28 13:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- A relentless global deal binge totaling nearly $60 billion has KKR &amp; Co.’s leadership taking stock -- and a breather.</p><p><blockquote>（彭博社）——总额近600亿美元的无情全球交易热潮让KKR&amp;Co.的领导层进行了盘点，并得到了喘息。</blockquote></p><p> When the pandemic hit, shortly after Philipp Freise and Mattia Caprioli took over new roles in Europe, the buyout house started deploying as much capital as possible while most rivals held back. More than a third of the total was spent in Europe, and KKR started working on a new fund dedicated to the region just a year after closing the last one.</p><p><blockquote>当疫情来袭时，菲利普·弗雷斯(Philipp Freise)和马蒂亚·卡普里奥利(Mattia Caprioli)在欧洲接任新职务后不久，这家收购公司开始部署尽可能多的资本，而大多数竞争对手却犹豫不决。其中超过三分之一的资金用于欧洲，KKR在关闭上一只基金一年后就开始致力于专门针对该地区的新基金。</blockquote></p><p> The breakneck pace of deals took its toll. KKR is now echoing the gentler tone adopted by investment banks like Goldman Sachs Group Inc. after employees balked at the work-till-you-drop culture. The biggest challenge to high performance in the buyout industry is “constant exhaustion,” Freise, 47, said in an interview.</p><p><blockquote>交易的极快速度造成了损失。在员工对“工作到放弃”文化犹豫不决后，KKR现在呼应了高盛集团等投资银行所采取的温和语气。47岁的弗雷斯在接受采访时表示，收购行业高绩效面临的最大挑战是“持续疲惫”。</blockquote></p><p> “As new-generation leaders, our job is to really temper,” said the German dealmaker, who’s co-head of KKR’s European private equity business with Caprioli. “It is almost like conducting an orchestra where the whole thing has gone into ‘Ride of the Valkyries’ -- we have to slow down a little bit to protect the human element from crashing.”</p><p><blockquote>“作为新一代领导者，我们的工作是真正缓和局势，”这位与卡普里奥利共同担任KKR欧洲私募股权业务联席主管的德国交易撮合者表示。“这几乎就像指挥一支管弦乐队，整个事情都进入了《女武神之旅》——我们必须放慢一点速度，以保护人为因素不崩溃。”</blockquote></p><p> The unusually open tone by leaders in the cutthroat buyout industry comes as workplace cultures come under increasing scrutiny and employers seek ways to retain a younger generation of workers. The pandemic served up a brutal cocktail of more deals done over marathon video calls by employees isolated at home. The priority now for Freise and Caprioli is to offer time to recover and make room for a more thoughtful investing approach.</p><p><blockquote>在残酷的收购行业中，领导者们异常开放的语气出现之际，工作场所文化受到越来越多的审查，雇主们正在寻找留住年轻一代员工的方法。疫情提供了一个残酷的鸡尾酒，更多的交易是由隔离在家中的员工通过马拉松视频评级完成的。弗里斯和卡普里奥利现在的首要任务是提供时间恢复，并为更深思熟虑的投资方法腾出空间。</blockquote></p><p> They gave junior staff every Friday off in November and December last year, encouraging them to spend time thinking and reading. The duo have also handed responsibility to their rising stars for emerging trends like medical technology and the future of work.</p><p><blockquote>去年11月和12月，他们让初级员工每周五休息，鼓励他们花时间思考和阅读。两人还将医疗技术和未来工作等新兴趋势的责任交给了他们的后起之秀。</blockquote></p><p> “I don’t think that in the private equity industry 10 years ago people saw it really as their jobs to focus on managing. They thought it was their job to go out and find deals,” Freise said. “The future setup of the private equity industry is to assemble, to retain and manage high-performance teams.”</p><p><blockquote>“我不认为10年前在私募股权行业，人们真的认为专注于管理是他们的工作。他们认为出去寻找交易是他们的工作，”Freise说。“私募股权行业的未来设置是组建、保留和管理高绩效团队。”</blockquote></p><p> Wall Street was set abuzz this year by a leaked presentation from junior Goldman analysts detailing their punishing workload. Banks have responded by raising pay, offering retention bonuses or giving perks from Peloton bikes to Apple gadgets.</p><p><blockquote>今年，高盛初级分析师泄露的一份详细介绍了他们繁重工作量的演示文稿在华尔街引起了轩然大波。银行的回应是提高工资、提供保留奖金或提供从Peloton自行车到苹果小工具的福利。</blockquote></p><p> The issue at buyout firms, like investment banks, is that employees worked around the clock as the pandemic threw up a plethora of deal opportunities. As Covid-19 spread around the globe, KKR decided to not repeat its mistake from the financial crisis, when it stayed largely on the sidelines.</p><p><blockquote>投资银行等收购公司的问题是，随着疫情带来大量交易机会，员工们夜以继日地工作。随着Covid-19在全球蔓延，KKR决定不再重蹈金融危机的覆辙，当时它基本上保持观望。</blockquote></p><p> It became a pivotal moment for KKR in Europe, where it previously hadn’t deployed as much money as in other parts of the world. KKR has announced $19.6 billion of deals in the region since the start of the pandemic, from listed company buyouts to minority investments, according to data compiled by Bloomberg. It’s also snapped up assets from other private equity firms, and sometimes swooped in before rivals had a chance to bid.</p><p><blockquote>这成为KKR在欧洲的关键时刻，此前该公司在欧洲部署的资金不如在世界其他地区多。根据彭博社汇编的数据，自疫情爆发以来，KKR已在该地区宣布了196亿美元的交易，从上市公司收购到少数股权投资。它还从其他私募股权公司手中抢购资产，有时甚至在竞争对手有机会竞购之前就突然介入。</blockquote></p><p> “If anything, we missed some opportunities that if we had more capital available we would have done,” said Caprioli, a 47-year-old Italian who previously worked in mergers and acquisitions at Goldman.</p><p><blockquote>“如果说有什么不同的话，那就是我们错过了一些机会，如果我们有更多可用资本，我们就会抓住这些机会，”曾在高盛从事并购工作的47岁意大利人卡普里奥利说。</blockquote></p><p> Just as virus lockdowns were coming into force in March last year, KKR bought Pennon Group Plc’s waste-management arm for 4.2 billion pounds ($5.8 billion). It also acquired the Wella and Clairol hair-care brands from Coty Inc. in a $4.3 billion transaction.</p><p><blockquote>就在去年3月病毒封锁生效时，KKR以42亿英镑（58亿美元）收购了Pennon Group Plc的废物管理部门。它还以43亿美元的交易从黄凤英公司收购了Wella和Clairol护发品牌。</blockquote></p><p> Later in the year, KKR teamed up with Cinven and Providence Equity Partners to take Masmovil Ibercom SA private in a 3 billion-euro ($3.6 billion) deal and agreed to invest in French hospital chain Elsan alongside Ardian. Market dislocations helped KKR buy some assets for 20% to 30% less than it would pay in a heated auction process, Freise said. The firm reached an agreement this May to buy environmental consultancy ERM Group Inc. for $2.7 billion including debt.</p><p><blockquote>今年晚些时候，KKR与Cinven和Providence Equity Partners合作，以30亿欧元（36亿美元）的价格将Masmovil Ibercom SA私有化，并同意与Ardian一起投资法国连锁医院Elsan。Freise表示，市场混乱帮助KKR以比激烈拍卖过程中支付的价格低20%至30%的价格购买了一些资产。该公司今年5月达成协议，以27亿美元（含债务）收购环境咨询公司ERM Group Inc.。</blockquote></p><p> Caprioli sees more deals on the horizon, with a focus on health care, sustainability, tech and the U.K. Competition for targets is rising, thanks to the record amounts of capital flowing into private equity funds and buoyant debt markets.</p><p><blockquote>卡普里奥利认为更多交易即将到来，重点是医疗保健、可持续发展、科技和英国。由于流入私募股权基金的资金量创历史新高和债务市场活跃，对目标的竞争正在加剧。</blockquote></p><p> Success may require a new approach. Caprioli said he sees this moment as an opportunity to review how KKR recruits, motivates and retain talent. Earlier this year, it hired a former concert pianist as an operating executive in London to work with tech companies in its portfolio.</p><p><blockquote>成功可能需要一种新的方法。卡普里奥利表示，他认为这一时刻是一个回顾KKR如何招募、激励和留住人才的机会。今年早些时候，该公司聘请了一位前音乐会钢琴家担任伦敦的运营主管，与其投资组合中的科技公司合作。</blockquote></p><p> “We need people who go deep in their thinking process,” he said. “Those type of profiles, do you get them out of university, or can you get someone who is streetwise? It’s an interesting challenge.”</p><p><blockquote>“我们需要深入思考过程的人，”他说。“这些类型的个人资料，你能从大学毕业吗，或者你能找到一个街头智慧的人吗？这是一个有趣的挑战。”</blockquote></p><p></p><p> Freise, who previously helped found the failed Venturepark startup incubator in Berlin, couldn’t build financial models when he joined KKR nearly two decades ago as one of its earliest London employees.</p><p><blockquote>Freise曾帮助在柏林创建了失败的Venturepark创业孵化器，近20年前，当他作为KKR最早的伦敦员工之一加入KKR时，他无法建立财务模型。</blockquote></p><p> “A high-performance team these days is very different from 10 years ago,” he said. “We have to be unconventional to ensure diversity of thought.”</p><p><blockquote>“如今的高绩效团队与10年前有很大不同，”他说。“我们必须标新立异，以确保思想的多样性。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/kkr-dealmakers-pause-breath-60-040000439.html\">Bloomberg</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":{"KKR":"KKR & Co L.P."},"source_url":"https://finance.yahoo.com/news/kkr-dealmakers-pause-breath-60-040000439.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194817259","content_text":"(Bloomberg) -- A relentless global deal binge totaling nearly $60 billion has KKR & Co.’s leadership taking stock -- and a breather.\nWhen the pandemic hit, shortly after Philipp Freise and Mattia Caprioli took over new roles in Europe, the buyout house started deploying as much capital as possible while most rivals held back. More than a third of the total was spent in Europe, and KKR started working on a new fund dedicated to the region just a year after closing the last one.\nThe breakneck pace of deals took its toll. KKR is now echoing the gentler tone adopted by investment banks like Goldman Sachs Group Inc. after employees balked at the work-till-you-drop culture. The biggest challenge to high performance in the buyout industry is “constant exhaustion,” Freise, 47, said in an interview.\n“As new-generation leaders, our job is to really temper,” said the German dealmaker, who’s co-head of KKR’s European private equity business with Caprioli. “It is almost like conducting an orchestra where the whole thing has gone into ‘Ride of the Valkyries’ -- we have to slow down a little bit to protect the human element from crashing.”\nThe unusually open tone by leaders in the cutthroat buyout industry comes as workplace cultures come under increasing scrutiny and employers seek ways to retain a younger generation of workers. The pandemic served up a brutal cocktail of more deals done over marathon video calls by employees isolated at home. The priority now for Freise and Caprioli is to offer time to recover and make room for a more thoughtful investing approach.\nThey gave junior staff every Friday off in November and December last year, encouraging them to spend time thinking and reading. The duo have also handed responsibility to their rising stars for emerging trends like medical technology and the future of work.\n“I don’t think that in the private equity industry 10 years ago people saw it really as their jobs to focus on managing. They thought it was their job to go out and find deals,” Freise said. “The future setup of the private equity industry is to assemble, to retain and manage high-performance teams.”\nWall Street was set abuzz this year by a leaked presentation from junior Goldman analysts detailing their punishing workload. Banks have responded by raising pay, offering retention bonuses or giving perks from Peloton bikes to Apple gadgets.\nThe issue at buyout firms, like investment banks, is that employees worked around the clock as the pandemic threw up a plethora of deal opportunities. As Covid-19 spread around the globe, KKR decided to not repeat its mistake from the financial crisis, when it stayed largely on the sidelines.\nIt became a pivotal moment for KKR in Europe, where it previously hadn’t deployed as much money as in other parts of the world. KKR has announced $19.6 billion of deals in the region since the start of the pandemic, from listed company buyouts to minority investments, according to data compiled by Bloomberg. It’s also snapped up assets from other private equity firms, and sometimes swooped in before rivals had a chance to bid.\n“If anything, we missed some opportunities that if we had more capital available we would have done,” said Caprioli, a 47-year-old Italian who previously worked in mergers and acquisitions at Goldman.\nJust as virus lockdowns were coming into force in March last year, KKR bought Pennon Group Plc’s waste-management arm for 4.2 billion pounds ($5.8 billion). It also acquired the Wella and Clairol hair-care brands from Coty Inc. in a $4.3 billion transaction.\nLater in the year, KKR teamed up with Cinven and Providence Equity Partners to take Masmovil Ibercom SA private in a 3 billion-euro ($3.6 billion) deal and agreed to invest in French hospital chain Elsan alongside Ardian. Market dislocations helped KKR buy some assets for 20% to 30% less than it would pay in a heated auction process, Freise said. The firm reached an agreement this May to buy environmental consultancy ERM Group Inc. for $2.7 billion including debt.\nCaprioli sees more deals on the horizon, with a focus on health care, sustainability, tech and the U.K. Competition for targets is rising, thanks to the record amounts of capital flowing into private equity funds and buoyant debt markets.\nSuccess may require a new approach. Caprioli said he sees this moment as an opportunity to review how KKR recruits, motivates and retain talent. Earlier this year, it hired a former concert pianist as an operating executive in London to work with tech companies in its portfolio.\n“We need people who go deep in their thinking process,” he said. “Those type of profiles, do you get them out of university, or can you get someone who is streetwise? It’s an interesting challenge.”\nFreise, who previously helped found the failed Venturepark startup incubator in Berlin, couldn’t build financial models when he joined KKR nearly two decades ago as one of its earliest London employees.\n“A high-performance team these days is very different from 10 years ago,” he said. “We have to be unconventional to ensure diversity of thought.”","news_type":1,"symbols_score_info":{"KKR":0.9}},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":604369371,"gmtCreate":1639351212830,"gmtModify":1639351212969,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604369371","repostId":"1118643418","repostType":4,"repost":{"id":"1118643418","kind":"news","pubTimestamp":1639350312,"share":"https://www.laohu8.com/m/news/1118643418?lang=zh_CN&edition=full","pubTime":"2021-12-13 07:05","market":"us","language":"en","title":"Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118643418","media":"Barrons","summary":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a","content":"<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</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>Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</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 Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5\">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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118643418","content_text":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.\nIt’s an astonishing performance. Keep in mind that there’s only one other company— Microsoft —with a market cap above $2 trillion, and just three others— Alphabet,Amazon.com,and Tesla —above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.\nSo what’s going on here?\nI’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.\nFor starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.\nAnalysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.\nMeanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.\nPerhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.\nFor instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.\n“Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.\nApple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.\nThe potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.\nBernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.\nIn case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.\nMark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814279735,"gmtCreate":1630833699827,"gmtModify":1632905638678,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814279735","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":2787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813109816,"gmtCreate":1630141998835,"gmtModify":1704956507760,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813109816","repostId":"2162733980","repostType":4,"isVote":1,"tweetType":1,"viewCount":2428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148529533,"gmtCreate":1625990807122,"gmtModify":1633931041159,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148529533","repostId":"1135090843","repostType":4,"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158215998,"gmtCreate":1625150952014,"gmtModify":1633944210683,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158215998","repostId":"1199212665","repostType":4,"repost":{"id":"1199212665","kind":"news","pubTimestamp":1625146084,"share":"https://www.laohu8.com/m/news/1199212665?lang=zh_CN&edition=full","pubTime":"2021-07-01 21:28","market":"us","language":"en","title":"3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199212665","media":"Motley Fool","summary":"Get ready to buy Snowflake and two other hot tech stocks if this frothy market collapses.","content":"<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.</p><p><blockquote>由于担心债券收益率上升、通货膨胀以及受益于疫情的公司增长放缓，许多高增长科技股在过去几个月出现了价格回调。</blockquote></p><p> That sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.</p><p><blockquote>这次抛售创造了一些买入机会，但该行业一些价格较高的股票只是小幅回调，保持涨幅，甚至上涨。这种相对实力令人钦佩，但对于那些不想为合适的公司支付错误价格的投资者来说，这有点令人沮丧。</blockquote></p><p> That's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:<b>Snowflake</b>(NYSE:SNOW),<b>Twilio</b>(NYSE:TWLO), and&nbsp;<b>CrowdStrike</b>(NASDAQ:CRWD).</p><p><blockquote>这就是为什么我列出了一份昂贵科技股的购物清单，这些股票是我在下一次市场崩盘时急切购买的。让我们来看看其中三家公司：<b>雪花</b>（纽约证券交易所代码：SNOW），<b>Twilio</b>（纽约证券交易所代码：TWLO），以及<b>CrowdStrike</b>（纳斯达克：CRWD）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fde232ce39d9cd52a01fd6ec018cae53\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Snowflake</b></p><p><blockquote><b>1.雪花</b></blockquote></p><p> Snowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from&nbsp;<b>Berkshire Hathaway</b>&nbsp;and&nbsp;<b>salesforce.com</b>.</p><p><blockquote>Snowflake是2020年最热门的科技IPO之一，这要归功于其令人瞠目结舌的增长率和来自<b>伯克希尔哈撒韦</b>和<b>salesforce.com</b>.</blockquote></p><p> Snowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.</p><p><blockquote>Snowflake基于云的数据仓库将公司的所有数据拉到一个平台上，然后可以将其输入第三方数据可视化应用程序。它的服务打破了不同部门和计算平台之间的孤岛，使大公司更容易做出数据驱动的决策。</blockquote></p><p> Snowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.</p><p><blockquote>Snowflake的客户数量在2021财年（截至今年1月）跃升73%至4,139家，其中包括186家财富500强公司。其收入飙升124%，达到5.92亿美元，净保留率（衡量每个现有客户的收入同比增长）达到165%。</blockquote></p><p> That growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.</p><p><blockquote>这种增长在2022年第一季度仍在继续。其收入同比增长110%至2.289亿美元，客户数量增长67%至4,532人，净保留率达到168%。</blockquote></p><p> But Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, and<i>more than doubled</i>from $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.</p><p><blockquote>但Snowflake尚未盈利。其GAAP净亏损从2020财年的3.485亿美元扩大至2021财年的5.391亿美元，并且<i>翻了一倍多</i>2022年第一季度从9360万美元增至2.032亿美元。在非公认会计准则的基础上，它也是无利可图的，这不包括其股票薪酬费用。</blockquote></p><p> Analysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.</p><p><blockquote>分析师预计Snowflake今年的收入将增长88%，亏损将收窄。然而，其股价仍是今年销售额的65倍，这表明该股仍有太多增长。但如果雪花在崩盘中被切成两半，我会考虑建立一个大头寸。</blockquote></p><p> <b>2. Twilio</b></p><p><blockquote><b>2.Twilio</b></blockquote></p><p> Twilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps&nbsp;<b>Lyft</b>'s passengers contact their drivers, and&nbsp;<b>Airbnb</b>'s guests reach their hosts.</p><p><blockquote>Twilio的云平台在应用程序中处理短信、评级和视频。例如，它有助于<b>Lyft</b>的乘客联系他们的司机，并且<b>爱彼迎</b>的客人到达他们的主人。</blockquote></p><p> In the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.</p><p><blockquote>过去，开发人员从头开始构建这些工具，这通常很耗时、有缺陷且难以扩展。然而，开发人员现在只需在他们的应用程序中添加几行代码，就可以将这些功能外包给Twilio的云服务。</blockquote></p><p> Twilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.</p><p><blockquote>2020年，Twilio的收入增长了55%，达到17.6亿美元。其净扩张率与Snowflake的净留存率相当，达到了137%。2021年第一季度，由于整合了最近收购的客户数据公司部门，其收入同比增长62%至5.9亿美元。</blockquote></p><p> Twilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.</p><p><blockquote>按GAAP计算，Twilio仍未盈利，但其非GAAP净利润在2020年增长了62%，达到3590万美元。2021年第一季度，其非GAAP净利润再增长15%至960万美元。</blockquote></p><p> Analysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.</p><p><blockquote>分析师预计其今年收入将增长44%，但由于投资增加和A2P（应用到个人）费用上涨，其非GAAP收益将再次出现亏损，现在每当应用程序访问短信网络时，运营商都会收取这些费用。</blockquote></p><p> That near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.</p><p><blockquote>对于一只交易价格是今年销售额近30倍的股票来说，近期前景看起来并不乐观。不过，我仍然认为Twilio具有巨大的增长潜力，我肯定会以较低的价格购买其股票。</blockquote></p><p> <b>3. CrowdStrike</b></p><p><blockquote><b>3.CrowdStrike</b></blockquote></p><p> CrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.</p><p><blockquote>CrowdStrike是一家网络安全公司，在一个主要方面不同于行业同行。大多数网络安全公司安装现场设备来支持其服务，这些设备的维护成本可能很高，并且随着组织的扩展难以扩展。CrowdStrike通过提供端到端安全平台作为基于云的服务来消除这些设备。</blockquote></p><p> CrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.</p><p><blockquote>CrowdStrike的增长清楚地反映了其颠覆性的潜力。其2021财年（截至今年1月）收入增长82%至8.744亿美元，订阅客户数量增长82%至9,896人，净留存率保持在120%以上。</blockquote></p><p> In the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.</p><p><blockquote>2022财年第一季度，其收入同比增长70%至3.028亿美元，用户群同比增长82%至11,420人，留存率保持在120%以上。</blockquote></p><p></p><p> CrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.</p><p><blockquote>CrowdStrike也在2021年实现了非GAAP盈利，净利润为6260万美元。2022年第一季度，其非GAAP净利润同比增长五倍多，达到2330万美元。</blockquote></p><p> Those&nbsp;numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.</p><p><blockquote>这些数字令人印象深刻，但CrowdStrike的市盈率仍约为350倍，是今年销售额的40多倍。因此，这是另一只我不会买的股票，除非市场崩盘。</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>3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</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\">\n3 Expensive Tech Stocks to Buy in the Next Market Crash<blockquote>下一次市场崩盘时值得买入的3只昂贵科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-01 21:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.</p><p><blockquote>由于担心债券收益率上升、通货膨胀以及受益于疫情的公司增长放缓，许多高增长科技股在过去几个月出现了价格回调。</blockquote></p><p> That sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.</p><p><blockquote>这次抛售创造了一些买入机会，但该行业一些价格较高的股票只是小幅回调，保持涨幅，甚至上涨。这种相对实力令人钦佩，但对于那些不想为合适的公司支付错误价格的投资者来说，这有点令人沮丧。</blockquote></p><p> That's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:<b>Snowflake</b>(NYSE:SNOW),<b>Twilio</b>(NYSE:TWLO), and&nbsp;<b>CrowdStrike</b>(NASDAQ:CRWD).</p><p><blockquote>这就是为什么我列出了一份昂贵科技股的购物清单，这些股票是我在下一次市场崩盘时急切购买的。让我们来看看其中三家公司：<b>雪花</b>（纽约证券交易所代码：SNOW），<b>Twilio</b>（纽约证券交易所代码：TWLO），以及<b>CrowdStrike</b>（纳斯达克：CRWD）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fde232ce39d9cd52a01fd6ec018cae53\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Snowflake</b></p><p><blockquote><b>1.雪花</b></blockquote></p><p> Snowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from&nbsp;<b>Berkshire Hathaway</b>&nbsp;and&nbsp;<b>salesforce.com</b>.</p><p><blockquote>Snowflake是2020年最热门的科技IPO之一，这要归功于其令人瞠目结舌的增长率和来自<b>伯克希尔哈撒韦</b>和<b>salesforce.com</b>.</blockquote></p><p> Snowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.</p><p><blockquote>Snowflake基于云的数据仓库将公司的所有数据拉到一个平台上，然后可以将其输入第三方数据可视化应用程序。它的服务打破了不同部门和计算平台之间的孤岛，使大公司更容易做出数据驱动的决策。</blockquote></p><p> Snowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.</p><p><blockquote>Snowflake的客户数量在2021财年（截至今年1月）跃升73%至4,139家，其中包括186家财富500强公司。其收入飙升124%，达到5.92亿美元，净保留率（衡量每个现有客户的收入同比增长）达到165%。</blockquote></p><p> That growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.</p><p><blockquote>这种增长在2022年第一季度仍在继续。其收入同比增长110%至2.289亿美元，客户数量增长67%至4,532人，净保留率达到168%。</blockquote></p><p> But Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, and<i>more than doubled</i>from $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.</p><p><blockquote>但Snowflake尚未盈利。其GAAP净亏损从2020财年的3.485亿美元扩大至2021财年的5.391亿美元，并且<i>翻了一倍多</i>2022年第一季度从9360万美元增至2.032亿美元。在非公认会计准则的基础上，它也是无利可图的，这不包括其股票薪酬费用。</blockquote></p><p> Analysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.</p><p><blockquote>分析师预计Snowflake今年的收入将增长88%，亏损将收窄。然而，其股价仍是今年销售额的65倍，这表明该股仍有太多增长。但如果雪花在崩盘中被切成两半，我会考虑建立一个大头寸。</blockquote></p><p> <b>2. Twilio</b></p><p><blockquote><b>2.Twilio</b></blockquote></p><p> Twilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps&nbsp;<b>Lyft</b>'s passengers contact their drivers, and&nbsp;<b>Airbnb</b>'s guests reach their hosts.</p><p><blockquote>Twilio的云平台在应用程序中处理短信、评级和视频。例如，它有助于<b>Lyft</b>的乘客联系他们的司机，并且<b>爱彼迎</b>的客人到达他们的主人。</blockquote></p><p> In the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.</p><p><blockquote>过去，开发人员从头开始构建这些工具，这通常很耗时、有缺陷且难以扩展。然而，开发人员现在只需在他们的应用程序中添加几行代码，就可以将这些功能外包给Twilio的云服务。</blockquote></p><p> Twilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.</p><p><blockquote>2020年，Twilio的收入增长了55%，达到17.6亿美元。其净扩张率与Snowflake的净留存率相当，达到了137%。2021年第一季度，由于整合了最近收购的客户数据公司部门，其收入同比增长62%至5.9亿美元。</blockquote></p><p> Twilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.</p><p><blockquote>按GAAP计算，Twilio仍未盈利，但其非GAAP净利润在2020年增长了62%，达到3590万美元。2021年第一季度，其非GAAP净利润再增长15%至960万美元。</blockquote></p><p> Analysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.</p><p><blockquote>分析师预计其今年收入将增长44%，但由于投资增加和A2P（应用到个人）费用上涨，其非GAAP收益将再次出现亏损，现在每当应用程序访问短信网络时，运营商都会收取这些费用。</blockquote></p><p> That near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.</p><p><blockquote>对于一只交易价格是今年销售额近30倍的股票来说，近期前景看起来并不乐观。不过，我仍然认为Twilio具有巨大的增长潜力，我肯定会以较低的价格购买其股票。</blockquote></p><p> <b>3. CrowdStrike</b></p><p><blockquote><b>3.CrowdStrike</b></blockquote></p><p> CrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.</p><p><blockquote>CrowdStrike是一家网络安全公司，在一个主要方面不同于行业同行。大多数网络安全公司安装现场设备来支持其服务，这些设备的维护成本可能很高，并且随着组织的扩展难以扩展。CrowdStrike通过提供端到端安全平台作为基于云的服务来消除这些设备。</blockquote></p><p> CrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.</p><p><blockquote>CrowdStrike的增长清楚地反映了其颠覆性的潜力。其2021财年（截至今年1月）收入增长82%至8.744亿美元，订阅客户数量增长82%至9,896人，净留存率保持在120%以上。</blockquote></p><p> In the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.</p><p><blockquote>2022财年第一季度，其收入同比增长70%至3.028亿美元，用户群同比增长82%至11,420人，留存率保持在120%以上。</blockquote></p><p></p><p> CrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.</p><p><blockquote>CrowdStrike也在2021年实现了非GAAP盈利，净利润为6260万美元。2022年第一季度，其非GAAP净利润同比增长五倍多，达到2330万美元。</blockquote></p><p> Those&nbsp;numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.</p><p><blockquote>这些数字令人印象深刻，但CrowdStrike的市盈率仍约为350倍，是今年销售额的40多倍。因此，这是另一只我不会买的股票，除非市场崩盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/\">Motley Fool</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":{"TWLO":"Twilio Inc","CRWD":"CrowdStrike Holdings, Inc.","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/07/01/expensive-tech-stocks-to-buy-in-next-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199212665","content_text":"Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.\nThat sell-off created some buying opportunities -- but some of the sector's pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it's a bit frustrating for investors who don't want to pay the wrong price for the right company.\nThat's why I'm making a shopping list of expensive tech stocks which I'd eagerly buy during the next market crash. Let's take a look at three of those companies:Snowflake(NYSE:SNOW),Twilio(NYSE:TWLO), and CrowdStrike(NASDAQ:CRWD).\nIMAGE SOURCE: GETTY IMAGES.\n1. Snowflake\nSnowflake was one of the hottest tech IPOs of 2020, thanks to its jaw-dropping growth rates and big investments from Berkshire Hathaway and salesforce.com.\nSnowflake'scloud-baseddata warehouse pulls all of a company's data onto a single platform, where it can then be fed into third-party data visualization apps. Its service breaks down the silos between different departments and computing platforms, which makes it easier for large companies to make data-driven decisions.\nSnowflake's number of customers jumped 73% to 4,139 in fiscal 2021 (which ended this January), including 186 of the Fortune 500 companies. Its revenue surged 124% to $592 million, as its net retention rate -- which gauges its year-over-year revenue growth per existing customer -- hit 165%.\nThat growth continued in the first quarter of 2022. Its revenue rose 110% year over year to $228.9 million, its number of customers increased 67% to 4,532, and it achieved a net retention rate of 168%.\nBut Snowflake isn't profitable yet. ItsGAAPnet loss widened from $348.5 million in fiscal 2020 to $539.1 million in fiscal 2021, andmore than doubledfrom $93.6 million to $203.2 million in the first quarter of 2022. It's also unprofitable on a non-GAAP basis, which excludes its stock-based compensation expenses.\nAnalysts expect Snowflake's revenue to rise 88% this year, with a narrower loss. However, its stock still trades at 65 times this year's sales -- which indicates there's still far too much growth baked into the stock. But if Snowflake gets cut in half in a crash, I'd considerstarting a big position.\n2. Twilio\nTwilio's cloud platform processes text messages, calls, and videos within apps. For example, it helps Lyft's passengers contact their drivers, and Airbnb's guests reach their hosts.\nIn the past, developers built those tools from scratch, which was generally time-consuming, buggy, and difficult to scale. However, developers can now outsource those features to Twilio's cloud service by simply adding a few lines of code to their apps.\nTwilio's revenue rose 55% to $1.76 billion in 2020. Its net expansion rate, which is comparable to Snowflake's net retention rate, reached 137%. In the first quarter of 2021, its revenue jumped 62% year over year to $590 million as it integrated its recent purchase of the customer data firm Segment.\nTwilio remains unprofitable on a GAAP basis, but its non-GAAP net income rose 62% to $35.9 million in 2020. In the first quarter of 2021, its non-GAAP net income rose another 15% to $9.6 million.\nAnalysts expect its revenue to rise 44% this year, but for its non-GAAP earnings to dip into the red again amid higher investments and rising A2P (application-to-person) fees, which are now charged by carriers whenever an app accesses an SMS network.\nThat near-term outlook doesn't look great for a stock that trades at nearly 30 times this year's sales. However, I still think Twilio has great growth potential, and I'd definitely buy its stock at a lower price.\n3. CrowdStrike\nCrowdStrike is a cybersecurity company that differs from its industry peers in one major way. Most cybersecurity companies install on-site appliances to support their services, which can be expensive to maintain and difficult to scale as an organization expands. CrowdStrike eliminates those appliances by offering its end-to-end security platform as a cloud-based service.\nCrowdStrike's growth clearly reflects its disruptive potential. Its revenue rose 82% to $874.4 million in fiscal 2021 (which ended this January), its number of subscription customers increased 82% to 9,896, and its net retention rate stayed above 120%.\nIn the first quarter of fiscal 2022, its revenue rose 70% year over year to $302.8 million, its subscriber base expanded 82% year over year to 11,420, and it kept its retention rate above 120%.\nCrowdStrike also turned profitable on a non-GAAP basis in 2021, with a net profit of $62.6 million. Its non-GAAP net income rose more than fivefold year over year to $23.3 million in the first quarter of 2022.\nThose numbers are impressive, but CrowdStrike still trades at about 350 times forward earnings and more than 40 times this year's sales. Therefore, this is another stock I won't buy unless the market crashes.","news_type":1,"symbols_score_info":{"TWLO":0.9,"SNOW":0.9,"CRWD":0.9}},"isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120754544,"gmtCreate":1624339347388,"gmtModify":1634007532306,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120754544","repostId":"1116451605","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168276238,"gmtCreate":1623977635424,"gmtModify":1634024931457,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168276238","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836369997,"gmtCreate":1629456335119,"gmtModify":1633684722258,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836369997","repostId":"1124578118","repostType":4,"repost":{"id":"1124578118","kind":"news","pubTimestamp":1629452876,"share":"https://www.laohu8.com/m/news/1124578118?lang=zh_CN&edition=full","pubTime":"2021-08-20 17:47","market":"us","language":"en","title":"Intel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124578118","media":"Seeking Alpha","summary":"Summary\n\nMany tech names have done stock splits in 2020 and 2021 that got a lot of attention.\nINTC h","content":"<p><h3><b>Summary</b></h3> <ul>  <li>Many tech names have done stock splits in 2020 and 2021 that got a lot of attention.</li>  <li>INTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.</li>  <li>Intel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.</li>  <li>I do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.</li> </ul> <h3><b>Article Thesis</b></h3> Due to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.</p><p><blockquote><h3><b>总结</b></h3><ul><li>许多科技公司在2020年和2021年进行了股票分割，引起了广泛关注。</li><li>INTC过去经常进行股票分割，但在过去20年里没有。我们将看看原因以及它们对未来的意义。</li><li>英特尔存在一些问题，但另一方面，股价相当便宜，收益率高于平均水平。总而言之，英特尔看起来既不是特别强大，也不是特别糟糕。</li><li>我在现金流王国做的不仅仅是文章：会员可以访问模型投资组合、定期更新、聊天室等等。</li></ul><h3><b>文章论文</b></h3>由于读者的需求，我们将看看英特尔公司（INTC）是否可能在可预见的未来进行另一次股票分割。英伟达（NVDA）等同行最近已经这样做了，因此这个想法并不完全奇怪。但与此同时，应该指出的是，英特尔的股价最近一直低迷，由于股价远非昂贵，我认为短期内不太可能进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Price</b></h3> Intel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and <a href=\"https://laohu8.com/S/AMD\">AMD</a> (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:</p><p><blockquote><h3><b>INTC股价</b></h3>就收入和产量而言，英特尔公司是一家领先的半导体公司，但由于新工艺的问题，以及与同行相比市场份额下降，例如<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>和<a href=\"https://laohu8.com/S/AMD\">AMD</a>（AMD），其股价近年来的表现远远落后于整个半导体行业：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/43a79e5a532c48440cc2ab0a982ad3d4\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\">Data by&nbsp;YCharts</p><p><blockquote>数据来自YCharts</blockquote></p><p> With a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&amp;P 500's (SPY) yield.</p><p><blockquote>英特尔五年内的回报率为70%，这远非一项糟糕的投资，因为每年的回报率仍高达11%左右。但与同行和整个半导体行业(SOXX)相比，英特尔公司的回报看起来相当糟糕，因为其他公司的股价在同一时间内上涨了300%以上。英特尔的市值为2100亿美元，但比英伟达便宜，尽管英特尔的收入、盈利和现金流要高得多——由于其更好的增长和更具吸引力的产品阵容，市场对英伟达的估值过高。以目前约53美元的价格计算，英特尔的交易价格比63美元的共识目标价低约20%，这表明明年具有强劲的上涨潜力。根据目前对今年每股收益的预测，英特尔公司的净利润为11倍，即<a href=\"https://laohu8.com/S/AONE.U\">一</a>是半导体行业估值最低的，与大盘估值相比有明显的折扣。与此同时，英特尔今天还提供2.6%的股息收益率，大约是标普500（SPDR标普500指数ETF）收益率的两倍。</blockquote></p><p> <h3><b>Is Intel Stock Likely To Split Again</b></h3> In 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL) and <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> (TSLA) did them, while there was also&nbsp;speculation&nbsp;that <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors,&nbsp;did a stock split as well.</p><p><blockquote><h3><b>英特尔股票可能再次分割吗</b></h3>2020年和2021年，股票分割受到了很多关注，因为像<a href=\"https://laohu8.com/S/AAPL\">苹果</a>(AAPL)和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>（特斯拉）做到了，同时也有人猜测<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>（AMZN）可能有兴趣进行股票分割。不久前，英特尔的主要竞争对手之一英伟达也进行了股票分割。</blockquote></p><p> Some readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:</p><p><blockquote>一些读者有兴趣知道英特尔是否也可能进行股票分割，这就是为什么我们可以尝试衡量其利弊。我们先来看看英特尔的股票分割历史：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4744a6590d2621204996b265d995a823\" tg-width=\"624\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source:</i>&nbsp;<i>Intel Corporation</i></p><p><blockquote><i>资料来源：</i> <i>英特尔公司</i></blockquote></p><p> We see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.</p><p><blockquote>我们看到该公司过去曾多次进行股票分割，公司网站上总共记录了13次股票分割。显然，该公司过去并不不愿意拆股。但与此同时，我们也可以注意到，一系列股票分割在2000年停止，也就是二十多年前。从那时起，没有进行过一次股票分割，这意味着该公司似乎没有看到从那时起分割股票的充分理由。当英特尔在2000年进行最后一次股票分割时，其股价远高于100美元，有时甚至高达150美元。换句话说，当英特尔上次进行股票分割时，其股票的名义价格相对较高，这当然是互联网泡沫的结果，在此期间英特尔股价飙升。从那时起，股价就没有恢复到以前的强势，因为即使在2000年7月发生2-1的分割之后，它们的交易价格仍然低于当时的高点。</blockquote></p><p> When we look at other stock splits, we see a similar pattern:</p><p><blockquote>当我们观察其他股票分割时，我们会看到类似的模式：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/ccb1e1f3475ca38ef9dc7cbb0216124a\" tg-width=\"461\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><i>Source:</i>&nbsp;<i>getsplithistory.com</i></p><p><blockquote><i>资料来源：</i> <i>getsplithistory.com</i></blockquote></p><p> Shares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --<i>they are too cheap for a split</i>. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.</p><p><blockquote>在其他股票分割之前，股票交易价格也远高于100美元，例如1999年、1997年、1995年和1993年。经通货膨胀调整后，按今天的美元计算，这一数字可能约为200美元。当我们将这些价格与英特尔当前的股价进行比较时，英特尔在过去二十年中决定不拆股似乎有一个很好的理由——<i>它们太便宜了，不适合分割</i>过去，当股价升至远高于100美元的水平时，英特尔会定期进行股票分割，但由于如今股价远未达到这一水平，因此现在没有充分的理由进行股票分割。</blockquote></p><p> In an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.</p><p><blockquote>在一个可以通过大多数经纪人轻松购买零碎股票的时代，股票分割总体上已经变得不那么重要了。然而，股票分割仍然有一些优势，例如当涉及到指数包含，或者当涉及到使用期权的便利性时。然而，由于英特尔的股价在50美元左右，这些论点并不真正有效，人们可以得出结论，股票分割不会带来任何明显的好处。因此，我怀疑英特尔是否会在短期内进行股票分割，至少除非其股价大幅上涨。英特尔目前的股票数量约为40亿股，这已经是一个相当大的数字，通过将股价减半来使这一数字翻倍并没有真正的好处。在过去十年中，这一数字已从约53亿美元下降到目前的水平，但英特尔还需要回购股票多年，才能使股票数量降至“过低”的数字。因此，目前我认为不太可能进行股票分割，在可预见的未来也是如此。当然，如果英特尔设法在主要市场重新站稳脚跟，并且其盈利能力和估值有所改善，它有可能在十年后进行股票分割。在这种情况下，股价最终可能会远高于今天的交易价格，这可能会导致股票分割。因此，未来的股票分割并没有完全排除，但看起来没有理由在近期或中期进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Forecast</b></h3> Wall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock is<i>Neutral</i>, which may mean that analysts are not too convinced that their models are very precise.</p><p><blockquote><h3><b>INTC股票预测</b></h3>华尔街分析师将明年的股价目标定为63美元，再加上股息，总回报率将超过20%，这无疑具有吸引力。但与此同时，该股的一致评级为<i>中立的</i>，这可能意味着分析师不太相信他们的模型非常精确。</blockquote></p><p> Looking at Seeking Alpha's&nbsp;Quant Rating&nbsp;on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).</p><p><blockquote>看看Seeking Alpha对该股的量化评级，我们看到读数为3.46，也是中性的，尽管接近看涨的边缘。英特尔量化评分的主要问题是其增长疲软，这抵消了非常强劲的价值评级。英特尔强劲的价值评级并不令人意外，因为其股价预期利润仅为11倍，与AMD（预期收益43倍）和NVIDIA（预期收益49倍）等公司相比非常有利。</blockquote></p><p> Intel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential&nbsp;new multi-billion dollar plants&nbsp;in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the&nbsp;high-single-digits&nbsp;range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.</p><p><blockquote>尽管英特尔盈利能力强、规模大，但它未能真正利用全球芯片行业的增长。数据中心等高价值领域的流程延迟和市场份额损失导致其在利润增长方面表现不佳，而且这种情况在短期内不会改变。2021年将是持平到下降的一年，2022年也可能不会出现任何有意义的利润增长。亚利桑那州的增长投资和美国潜在的数十亿美元新工厂最终应该会对英特尔的增长产生积极影响，但这些投资需要数年时间才能开始产生利润——这无助于英特尔在2021年改善其地位。不久前，我估计英特尔的长期回报潜力在高个位数范围内，其中大约三分之一来自股息。这远非坏事，我认为此时持有英特尔不会是一个糟糕的决定。然而，我不认为英特尔今天一定是一个异常强劲的买入对象——投资者可能希望等待更低的价格（看看英特尔的图表，这种情况时有发生），或者等待更清晰的了解英特尔的未来，例如当涉及到该公司在新流程方面做得如何的问题时。</blockquote></p><p></p><p> <h3><b>Is Intel Stock A Buy, Sell, Or Hold Right Now?</b></h3> Intel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&amp;D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.</p><p><blockquote><h3><b>英特尔股票现在是买入、卖出还是持有？</b></h3>总体而言，就产量、收入、现金生成和研发能力而言，英特尔仍然是领先的半导体公司。其新任首席执行官帕特·基辛格(Pat Gelsinger)似乎正在采取正确的举措，为公司的未来定位，但与此同时，英特尔是一艘需要掉头的大船，而就目前而言，英伟达等其他公司似乎更精简、更敏捷。如果英特尔在几年后重回增长轨道，投资英特尔可能会获得丰厚的回报，因为这将留下大量的多重扩张潜力。然而，并不能保证成功实现更强劲的利润增长。因此，近期前景不是很强劲，尽管如果对英特尔未来计划的情绪改善，低估值仍可能留下上涨潜力。从长远来看，英特尔有机会为股东带来收益，但前景仍然阴云密布，执行方面的不确定性仍然存在。目前，我们对英特尔持中立态度。</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>Intel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</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\">\nIntel Stock Split: Will Another One Ever Happen?<blockquote>英特尔股票分割：还会发生另一次吗？</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\">2021-08-20 17:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><h3><b>Summary</b></h3> <ul>  <li>Many tech names have done stock splits in 2020 and 2021 that got a lot of attention.</li>  <li>INTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.</li>  <li>Intel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.</li>  <li>I do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.</li> </ul> <h3><b>Article Thesis</b></h3> Due to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.</p><p><blockquote><h3><b>总结</b></h3><ul><li>许多科技公司在2020年和2021年进行了股票分割，引起了广泛关注。</li><li>INTC过去经常进行股票分割，但在过去20年里没有。我们将看看原因以及它们对未来的意义。</li><li>英特尔存在一些问题，但另一方面，股价相当便宜，收益率高于平均水平。总而言之，英特尔看起来既不是特别强大，也不是特别糟糕。</li><li>我在现金流王国做的不仅仅是文章：会员可以访问模型投资组合、定期更新、聊天室等等。</li></ul><h3><b>文章论文</b></h3>由于读者的需求，我们将看看英特尔公司（INTC）是否可能在可预见的未来进行另一次股票分割。英伟达（NVDA）等同行最近已经这样做了，因此这个想法并不完全奇怪。但与此同时，应该指出的是，英特尔的股价最近一直低迷，由于股价远非昂贵，我认为短期内不太可能进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Price</b></h3> Intel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and <a href=\"https://laohu8.com/S/AMD\">AMD</a> (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:</p><p><blockquote><h3><b>INTC股价</b></h3>就收入和产量而言，英特尔公司是一家领先的半导体公司，但由于新工艺的问题，以及与同行相比市场份额下降，例如<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>和<a href=\"https://laohu8.com/S/AMD\">AMD</a>（AMD），其股价近年来的表现远远落后于整个半导体行业：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/43a79e5a532c48440cc2ab0a982ad3d4\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\">Data by&nbsp;YCharts</p><p><blockquote>数据来自YCharts</blockquote></p><p> With a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&amp;P 500's (SPY) yield.</p><p><blockquote>英特尔五年内的回报率为70%，这远非一项糟糕的投资，因为每年的回报率仍高达11%左右。但与同行和整个半导体行业(SOXX)相比，英特尔公司的回报看起来相当糟糕，因为其他公司的股价在同一时间内上涨了300%以上。英特尔的市值为2100亿美元，但比英伟达便宜，尽管英特尔的收入、盈利和现金流要高得多——由于其更好的增长和更具吸引力的产品阵容，市场对英伟达的估值过高。以目前约53美元的价格计算，英特尔的交易价格比63美元的共识目标价低约20%，这表明明年具有强劲的上涨潜力。根据目前对今年每股收益的预测，英特尔公司的净利润为11倍，即<a href=\"https://laohu8.com/S/AONE.U\">一</a>是半导体行业估值最低的，与大盘估值相比有明显的折扣。与此同时，英特尔今天还提供2.6%的股息收益率，大约是标普500（SPDR标普500指数ETF）收益率的两倍。</blockquote></p><p> <h3><b>Is Intel Stock Likely To Split Again</b></h3> In 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL) and <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> (TSLA) did them, while there was also&nbsp;speculation&nbsp;that <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors,&nbsp;did a stock split as well.</p><p><blockquote><h3><b>英特尔股票可能再次分割吗</b></h3>2020年和2021年，股票分割受到了很多关注，因为像<a href=\"https://laohu8.com/S/AAPL\">苹果</a>(AAPL)和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>（特斯拉）做到了，同时也有人猜测<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>（AMZN）可能有兴趣进行股票分割。不久前，英特尔的主要竞争对手之一英伟达也进行了股票分割。</blockquote></p><p> Some readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:</p><p><blockquote>一些读者有兴趣知道英特尔是否也可能进行股票分割，这就是为什么我们可以尝试衡量其利弊。我们先来看看英特尔的股票分割历史：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4744a6590d2621204996b265d995a823\" tg-width=\"624\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source:</i>&nbsp;<i>Intel Corporation</i></p><p><blockquote><i>资料来源：</i> <i>英特尔公司</i></blockquote></p><p> We see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.</p><p><blockquote>我们看到该公司过去曾多次进行股票分割，公司网站上总共记录了13次股票分割。显然，该公司过去并不不愿意拆股。但与此同时，我们也可以注意到，一系列股票分割在2000年停止，也就是二十多年前。从那时起，没有进行过一次股票分割，这意味着该公司似乎没有看到从那时起分割股票的充分理由。当英特尔在2000年进行最后一次股票分割时，其股价远高于100美元，有时甚至高达150美元。换句话说，当英特尔上次进行股票分割时，其股票的名义价格相对较高，这当然是互联网泡沫的结果，在此期间英特尔股价飙升。从那时起，股价就没有恢复到以前的强势，因为即使在2000年7月发生2-1的分割之后，它们的交易价格仍然低于当时的高点。</blockquote></p><p> When we look at other stock splits, we see a similar pattern:</p><p><blockquote>当我们观察其他股票分割时，我们会看到类似的模式：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/ccb1e1f3475ca38ef9dc7cbb0216124a\" tg-width=\"461\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><i>Source:</i>&nbsp;<i>getsplithistory.com</i></p><p><blockquote><i>资料来源：</i> <i>getsplithistory.com</i></blockquote></p><p> Shares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --<i>they are too cheap for a split</i>. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.</p><p><blockquote>在其他股票分割之前，股票交易价格也远高于100美元，例如1999年、1997年、1995年和1993年。经通货膨胀调整后，按今天的美元计算，这一数字可能约为200美元。当我们将这些价格与英特尔当前的股价进行比较时，英特尔在过去二十年中决定不拆股似乎有一个很好的理由——<i>它们太便宜了，不适合分割</i>过去，当股价升至远高于100美元的水平时，英特尔会定期进行股票分割，但由于如今股价远未达到这一水平，因此现在没有充分的理由进行股票分割。</blockquote></p><p> In an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.</p><p><blockquote>在一个可以通过大多数经纪人轻松购买零碎股票的时代，股票分割总体上已经变得不那么重要了。然而，股票分割仍然有一些优势，例如当涉及到指数包含，或者当涉及到使用期权的便利性时。然而，由于英特尔的股价在50美元左右，这些论点并不真正有效，人们可以得出结论，股票分割不会带来任何明显的好处。因此，我怀疑英特尔是否会在短期内进行股票分割，至少除非其股价大幅上涨。英特尔目前的股票数量约为40亿股，这已经是一个相当大的数字，通过将股价减半来使这一数字翻倍并没有真正的好处。在过去十年中，这一数字已从约53亿美元下降到目前的水平，但英特尔还需要回购股票多年，才能使股票数量降至“过低”的数字。因此，目前我认为不太可能进行股票分割，在可预见的未来也是如此。当然，如果英特尔设法在主要市场重新站稳脚跟，并且其盈利能力和估值有所改善，它有可能在十年后进行股票分割。在这种情况下，股价最终可能会远高于今天的交易价格，这可能会导致股票分割。因此，未来的股票分割并没有完全排除，但看起来没有理由在近期或中期进行股票分割。</blockquote></p><p> <h3><b>INTC Stock Forecast</b></h3> Wall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock is<i>Neutral</i>, which may mean that analysts are not too convinced that their models are very precise.</p><p><blockquote><h3><b>INTC股票预测</b></h3>华尔街分析师将明年的股价目标定为63美元，再加上股息，总回报率将超过20%，这无疑具有吸引力。但与此同时，该股的一致评级为<i>中立的</i>，这可能意味着分析师不太相信他们的模型非常精确。</blockquote></p><p> Looking at Seeking Alpha's&nbsp;Quant Rating&nbsp;on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).</p><p><blockquote>看看Seeking Alpha对该股的量化评级，我们看到读数为3.46，也是中性的，尽管接近看涨的边缘。英特尔量化评分的主要问题是其增长疲软，这抵消了非常强劲的价值评级。英特尔强劲的价值评级并不令人意外，因为其股价预期利润仅为11倍，与AMD（预期收益43倍）和NVIDIA（预期收益49倍）等公司相比非常有利。</blockquote></p><p> Intel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential&nbsp;new multi-billion dollar plants&nbsp;in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the&nbsp;high-single-digits&nbsp;range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.</p><p><blockquote>尽管英特尔盈利能力强、规模大，但它未能真正利用全球芯片行业的增长。数据中心等高价值领域的流程延迟和市场份额损失导致其在利润增长方面表现不佳，而且这种情况在短期内不会改变。2021年将是持平到下降的一年，2022年也可能不会出现任何有意义的利润增长。亚利桑那州的增长投资和美国潜在的数十亿美元新工厂最终应该会对英特尔的增长产生积极影响，但这些投资需要数年时间才能开始产生利润——这无助于英特尔在2021年改善其地位。不久前，我估计英特尔的长期回报潜力在高个位数范围内，其中大约三分之一来自股息。这远非坏事，我认为此时持有英特尔不会是一个糟糕的决定。然而，我不认为英特尔今天一定是一个异常强劲的买入对象——投资者可能希望等待更低的价格（看看英特尔的图表，这种情况时有发生），或者等待更清晰的了解英特尔的未来，例如当涉及到该公司在新流程方面做得如何的问题时。</blockquote></p><p></p><p> <h3><b>Is Intel Stock A Buy, Sell, Or Hold Right Now?</b></h3> Intel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&amp;D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.</p><p><blockquote><h3><b>英特尔股票现在是买入、卖出还是持有？</b></h3>总体而言，就产量、收入、现金生成和研发能力而言，英特尔仍然是领先的半导体公司。其新任首席执行官帕特·基辛格(Pat Gelsinger)似乎正在采取正确的举措，为公司的未来定位，但与此同时，英特尔是一艘需要掉头的大船，而就目前而言，英伟达等其他公司似乎更精简、更敏捷。如果英特尔在几年后重回增长轨道，投资英特尔可能会获得丰厚的回报，因为这将留下大量的多重扩张潜力。然而，并不能保证成功实现更强劲的利润增长。因此，近期前景不是很强劲，尽管如果对英特尔未来计划的情绪改善，低估值仍可能留下上涨潜力。从长远来看，英特尔有机会为股东带来收益，但前景仍然阴云密布，执行方面的不确定性仍然存在。目前，我们对英特尔持中立态度。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4450549-intel-stock-split-will-another-one-happen\">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":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4450549-intel-stock-split-will-another-one-happen","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124578118","content_text":"Summary\n\nMany tech names have done stock splits in 2020 and 2021 that got a lot of attention.\nINTC has split its shares oftentimes in the past, but not in the last 20 years. We'll look at the reasons and what they mean for the future.\nIntel has some issues, but on the other hand, shares are pretty inexpensive and offer an above-average yield. All in all, Intel does neither look especially strong nor especially bad.\nI do much more than just articles at Cash Flow Kingdom: Members get access to model portfolios, regular updates, a chat room, and more.\n\nArticle Thesis\nDue to reader demand, we'll take a look at whether Intel Corporation (INTC) might conduct another stock split in the foreseeable future. Peers such as NVIDIA (NVDA) have done so in the recent past, thus the idea is not completely outlandish. At the same time, however, it should be noted that Intel's share price has been languishing in the recent past, and since shares are far from expensive, I believe that a stock split in the near term is unlikely.\nINTC Stock Price\nIntel Corporation is a leading semiconductor company in terms of revenue generation and output, but due to problems with new processes, and due to declining market share versus peers such as NVIDIA Corp and AMD (AMD), its shares have vastly underperformed the broad semiconductor industry in recent years:\nData by YCharts\nWith a 70% return over five years, Intel has been far from a bad investment, as this still pencils out to about 11% a year. But compared to its peers and the semiconductor industry as a whole (SOXX), Intel Corporation's returns look pretty bad, as others have seen their shares rise by 300%+ in the same time frame. With a market capitalization of $210 billion, Intel is cheaper than NVIDIA, despite the fact that Intel generates much higher revenue, earnings, and cash flow -- the market is valuing NVIDIA at a premium due to its better growth and more attractive product lineup. At current prices of around $53, Intel is trading ~20% below the consensus price target of $63, which indicates solid upside potential over the next year. Based on current earnings per share estimates for this year, Intel Corporation trades for 11x net profits, which is one of the lowest valuations in the semiconductor industry, and which represents a clear discount compared to how the broad market is valued. At the same time, Intel also offers a dividend yield of 2.6% today -- which is roughly twice as much as the S&P 500's (SPY) yield.\nIs Intel Stock Likely To Split Again\nIn 2020 and 2021, stock splits have gotten a lot of attention, as huge companies such as Apple (AAPL) and Tesla Motors (TSLA) did them, while there was also speculation that Amazon.com (AMZN) could be interested in doing a stock split. Not too long ago, NVIDIA, one of Intel's main competitors, did a stock split as well.\nSome readers are interested in knowing whether Intel might do a stock split as well, which is why we can try to gauge the pros and cons of that. Let's first look at Intel's stock split history:\n\nSource: Intel Corporation\nWe see that the company has done stock splits repeatedly in the past, with a total of 13 stock splits recorded on the company's website. Clearly, the company has not been reluctant to split its shares in the past. At the same time, however, we can also note that the series of stock splits stopped in 2000, i.e. a little more than two decades ago. Not a single stock split was recorded since then, which means that the company has seemingly seen no good reason to split its stock since then. When Intel did its last stock split in 2000, its shares were trading at well above $100 and as high as $150 at some point. In other words, when Intel did its last stock split, its shares were trading with a relatively high nominal price, which was, of course, the result of the dot.com bubble during which Intel saw its shares explode upwards. Since then, shares have not regained their former strength, as they continue to trade below their highs from back then -- even following the 2-1 split that occurred in July 2000.\nWhen we look at other stock splits, we see a similar pattern:\nSource: getsplithistory.com\nShares did trade for well above $100 before other stock splits as well, e.g. in 1999, 1997, 1995, and 1993. Adjusted for inflation, that likely pencils out for roughly $200 in today's dollars. When we compare these prices to Intel's current share price, it looks like there is one good reason for Intel's decision to not split its shares in the last twenty years --they are too cheap for a split. In the past, Intel split its shares regularly when they rose to levels well above $100, but since shares are far from that level today, there just is no good reason to conduct a stock split right now.\nIn an age where fractional shares can be bought easily through most brokers, stock splits have become less important overall. However, there are still some advantages to stock splits, e.g. when it comes to index inclusion, or when it comes to the ease of using options. With Intel's shares trading in the $50s, however, these arguments are not really valid, and one can summarize that there would not be any clear benefit from a stock split. Therefore, I doubt that Intel will do a stock split in the near term, at least unless its shares rally massively. Intel has a share count of roughly 4 billion today, which is a pretty large number already, and there is no real benefit from doubling that number by cutting the share price in half. Over the last decade, this number has dropped from around 5.3 billion to where it stands right now, but Intel would need to repurchase shares for many more years before the share count drops to a number that could be called \"too low\". For now, I thus believe that a stock split is unlikely, and that also holds true for the foreseeable future. It is, of course, possible that Intel does a stock split a decade from now if it manages to regain its footing in major markets and if its profitability and valuation improve. In that case, shares could eventually rise well above where they trade today, which may result in a stock split. Future stock splits are thus not ruled out completely, but it looks like there is no reason to do one in the near or medium term.\nINTC Stock Forecast\nWall Street analysts have a stock price target of $63 over the next year, which, combined with the dividend, would result in total returns of more than 20%, which would undoubtedly be attractive. At the same time, however, the consensus rating on the stock isNeutral, which may mean that analysts are not too convinced that their models are very precise.\nLooking at Seeking Alpha's Quant Rating on the stock, we see a reading of 3.46, which is Neutral as well, although bordering on the edge of Bullish. The main issue for Intel's Quant score is its weak growth, which offsets the very strong value rating. Intel's strong value rating isn't a large surprise, as shares are valued at just 11x forward profits, which compares very favorably to the likes of AMD (43x forward earnings) and NVIDIA (49x forward earnings).\nIntel has, despite its strong profitability and large size, not been able to really capitalize on the growth of the global chip industry. Process delays and market share losses in high-value areas such as data centers have led to underperformance when it comes to profit growth versus its peers, and it looks like this will not change in the very near term. 2021 will be a flat-to-down year, and 2022 will likely not see any meaningful profit growth, either. Growth investments in Arizona and potential new multi-billion dollar plants in the US should positively impact Intel's growth eventually, but these investments will take years before starting to generate profits -- this will not help Intel improve its position in 2021. A while ago I estimated Intel's return potential in the high-single-digits range for the long run, with about one-third of that coming from the dividend. This is far from bad, and I assume that holding Intel will not be a bad decision at this time. I don't think that Intel must necessarily be an outrageously strong buy today, however -- investors may want to wait for even lower prices (looking at Intel's chart, this happens from time to time), or wait for a clearer picture about Intel's future, e.g. when it comes to the question of how well the company is doing with its new processes.\nIs Intel Stock A Buy, Sell, Or Hold Right Now?\nIntel, overall, is still a leading semi company when it comes to output, revenue, cash generation, and R&D power. Its new CEO Pat Gelsinger seems to be making the right moves to position the company for the future, but at the same time, Intel is a pretty large ship to turn around, and for now, others such as NVIDIA seem to be leaner and more agile. Investing in Intel could pay off handsomely if the company gets back on growth track a couple of years from now, as this would leave a lot of multiple expansion potential. A successful turnaround towards stronger profit growth is not guaranteed, however. The near-term outlook is thus not very strong, although the low valuation could still leave upside potential if sentiment about Intel's future plans improves. In the longer run, Intel has opportunities to deliver shareholder gains, but the outlook is still clouded and uncertainties about execution remain. For now, we are neutral on Intel.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":606151590,"gmtCreate":1638845743033,"gmtModify":1638845910840,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606151590","repostId":"2189686612","repostType":4,"isVote":1,"tweetType":1,"viewCount":3578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":122217391,"gmtCreate":1624622794413,"gmtModify":1633950433112,"author":{"id":"3566731085163870","authorId":"3566731085163870","name":"CinderG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566731085163870","idStr":"3566731085163870"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122217391","repostId":"1123235741","repostType":4,"repost":{"id":"1123235741","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624621822,"share":"https://www.laohu8.com/m/news/1123235741?lang=zh_CN&edition=full","pubTime":"2021-06-25 19:50","market":"us","language":"en","title":"Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123235741","media":"Tiger Newspress","summary":"(Update: June 25, 2021 at 08:33 a.m. ET)\n\nKey inflation indicator rises 3.4% in May from a year earl","content":"<p><i><b>(Update: June 25, 2021 at 08:33 a.m. ET)</b></i></p><p><blockquote><i><b>（更新：美国东部时间2021年6月25日上午08:33）</b></i></blockquote></p><p> <ul>  <li><b>Key inflation indicator rises 3.4% in May from a year earlier, as expected.</b></li>  <li>S&amp;P, Nasdaq futures at peaks ahead of crucial inflation report.</li>  <li>Nike, CarMax, Virgin Galactic &amp; more made the biggest moves in the premarket.</li> </ul> (June&nbsp;25)&nbsp;<b>The core personal consumption expenditures price index for May was expected to rise 3.4% on a year-over-year basis, according to economists surveyed by Dow Jones.</b>&nbsp;</p><p><blockquote><ul><li><b>5月份关键通胀指标同比上涨3.4%，符合预期。</b></li><li>标准普尔、纳斯达克期货在关键通胀报告发布前达到峰值。</li><li>耐克、CarMax、维珍银河等在盘前做出了最大的动作。</li></ul>（6月25日）<b>据道琼斯调查的经济学家称，5月份核心个人消费支出价格指数预计同比上涨3.4%。</b> </blockquote></p><p> <i>Related:&nbsp;</i><a href=\"https://laohu8.com/NW/1107282210\" target=\"_blank\"><i>Key inflation indicator posts biggest year-over-year gain in nearly three decades</i></a></p><p><blockquote><i>相关：</i><a href=\"https://laohu8.com/NW/1107282210\" target=\"_blank\"><i>关键通胀指标录得近三十年来最大同比涨幅</i></a></blockquote></p><p> <a href=\"https://laohu8.com/NW/1166582624\" target=\"_blank\"><i>Fed's Favorite Inflation Indicator Surges To Highest Since 1991 As Savings Rate Slumps</i></a><i></i></p><p><blockquote><a href=\"https://laohu8.com/NW/1166582624\" target=\"_blank\"><i>随着储蓄率暴跌，美联储最喜欢的通胀指标飙升至1991年以来的最高水平</i></a><i></i></blockquote></p><p> S&amp;P futures traded at record highs, tracking strong gains in Asian markets, as investors braced for the Fed's preferred inflation data following a tentative bipartisan agreement on infrastructure spending, while U.S. lenders rose after clearing stress tests.</p><p><blockquote>标普期货交易创下历史新高，追随亚洲市场的强劲上涨，投资者在两党就基础设施支出达成初步协议后，为美联储首选的通胀数据做好准备，而美国银行在通过压力测试后上涨。</blockquote></p><p> At 7:58&nbsp;am ET S&amp;P futures were up 5pts or 0.12%, Dow Jones futs were up&nbsp;120 or 0.35% and Nasdaq futs were up 10.5 or +0.07%.&nbsp;<b>Global stocks are poised for their biggest weekly advance since April, extending their fifth monthly gain.</b></p><p><blockquote>美国东部时间上午7:58，标准普尔期货上涨5点或0.12%，道琼斯期货上涨120点或0.35%，纳斯达克期货上涨10.5点或+0.07%。<b>全球股市有望创下4月份以来最大单周涨幅，延续第五个月涨幅。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/3595ef2646654cdba23a65657d7cb0d5\" tg-width=\"1242\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In a sign of the ongoing recovery still under way in the U.S., the Labor Department'sweekly jobless claims report out Thursday morningshowed a drop in new filings, even as the margin of improvement came in slightly weaker than expected. <b>And on Friday, investors will be closely watching the Bureau of Economic Analysis' reported on core personal consumption expenditures (PCE), which serves as the Federal Reserve's preferred inflation gauge. This is expected to have risen by 3.4% in May over last year, marking the fastest increase since 1992.</b></p><p><blockquote>美国劳工部周四上午发布的每周失业救济申请报告显示，新申请失业救济人数有所下降，尽管改善幅度略弱于预期，这表明美国仍在持续复苏。<b>周五，投资者将密切关注经济分析局关于核心个人消费支出（PCE）的报告，该报告是美联储首选的通胀指标。预计5月份这一数字将比去年增长3.4%，为1992年以来的最快增幅。</b></blockquote></p><p> On Thursday, the Nasdaq and the S&amp;P 500 indexes closed at record highs, while the Dow jumped almost 1% after Joe Biden embraced the $1.2 trillion bipartisan Senate spending deal and as data showed a labor market recovery was on track, albeit at a slower pace. Major US banks such as Bank of America, JPMorgan Chase and Citigroup were all higher in premarket trading after all Wall Street banks&nbsp;passed&nbsp;the Federal Reserve’s stress tests, paving the way for over $140 billion in payouts. Nike surged 12% in premarket trading after sneaker maker forecast fiscal full-year sales ahead of Wall Street estimates prompting several analysts to raise their price projections, and helping Dow futures rise 0.3%. In sympathy, Adidas jumped 5.1% to 17-month high, while electricity producer Iberdrola dropped 2.1% to the lowest since early March. The latest evidence of a labor shortage came from FedEx Corp as the U.S. delivery firm missed 2022 earnings forecast due to hiring difficulties. Its shares shed 3.8%.</p><p><blockquote>周四，纳斯达克和标普500指数收于历史新高，而在乔·拜登接受1.2万亿美元的两党参议院支出协议后，道琼斯指数上涨近1%，数据显示劳动力市场复苏已步入正轨，尽管速度较慢。在所有华尔街银行通过美联储压力测试后，美国银行、摩根大通和花旗集团等美国主要银行在盘前交易中均走高，为超过1400亿美元的支出铺平了道路。运动鞋制造商耐克(Nike)在盘前交易中飙升12%，此前该公司预测全年销售额高于华尔街预期，促使几位分析师上调价格预测，并帮助道指期货上涨0.3%。出于同情，阿迪达斯股价上涨5.1%，至17个月高点，而电力生产商Iberdrola股价下跌2.1%，至3月初以来的最低水平。劳动力短缺的最新证据来自联邦快递公司，这家美国快递公司因招聘困难而未能达到2022年盈利预期。其股价下跌3.8%。</blockquote></p><p> Here are some of the other big premarket U.S. movers today:</p><p><blockquote>以下是今天美国其他一些重要的盘前走势：</blockquote></p><p> <ul>  <li>Blank-check firm Property Solutions Acquisition (PSAC) rises 16% after it said the registration statement on its merger with electric vehicle maker Faraday Future had been declared effective by the SEC.</li>  <li>Cannabidiol product seller Grove (GRVI) surges 35% rising further above yesterday’s IPO price of $5 per share.</li>  <li>Netflix (NFLX) gains 1.3% after Credit Suisse upgraded the stock to outperform, with subscriber growth expected to normalize in 4Q21. A survey by CS of U.S. consumers reinforced the stream platform’s strong competitive position and high user satisfaction.</li>  <li>Nokia’s U.S. ADRs (NOK) rise 2.9% after Goldman Sachs upgrades the telecom equipment maker to buy from neutral and raises price targets.</li> </ul> <b>Stocks making the biggest moves in the premarket: Nike, CarMax, Virgin Galactic &amp; more</b></p><p><blockquote><ul><li>空白支票公司Property Solutions Acquisition(PSAC)表示，SEC已宣布其与电动汽车制造商法拉第未来合并的注册声明生效，该公司股价上涨16%。</li><li>大麻二酚产品销售商Grove(GRVI)飙升35%，进一步高于昨天每股5美元的IPO价格。</li><li>瑞士信贷将Netflix(NFLX)股票评级上调至跑赢大盘后，该股上涨1.3%，预计2021年第四季度的用户增长将正常化。CS对美国消费者的一项调查强化了流媒体平台强大的竞争地位和高用户满意度。</li><li>高盛将这家电信设备制造商的评级从中性上调至买入并上调目标价后，诺基亚美国ADR(NOK)上涨2.9%。</li></ul><b>盘前涨幅最大的股票：耐克、CarMax、维珍银河等</b></blockquote></p><p> <b>1)&nbsp;Nike(NKE)</b> – Nikereported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its shoes and apparel, and saw a 73% jump in direct sales through its apps and websites. Nike shares soared 12.5% in the premarket.</p><p><blockquote><b>1）耐克（NKE）</b>-耐克报告季度收益为每股93美分，远高于每股51美分的普遍预期。收入大幅超出预期，首次超过120亿美元。耐克受益于对其鞋子和服装被压抑的需求，通过其应用程序和网站的直销增长了73%。耐克股价盘前飙升12.5%。</blockquote></p><p> <b>2)&nbsp;CarMax(KMX) </b>– CarMax shares rallied 5.9% in premarket trading after the auto retailer reported better-than-expected sales and profit for its latest quarter. CarMax beat the consensus estimate by $1 a share, with quarterly profit of $2.63, helped by a pandemic-induced preference for cars over public transport.</p><p><blockquote><b>2)CarMax(KMX)</b>-汽车零售商CarMax公布最新季度的销售额和利润好于预期，该公司股价在盘前交易中上涨5.9%。CarMax每股超出市场普遍预期1美元，季度利润为2.63美元，这得益于大流行引发的对汽车而非公共交通的偏好。</blockquote></p><p></p><p> <b>3)&nbsp;Virgin Galactic(SPCE) </b>– Virgin shares surged 11.5% in the premarket after the Federal Aviation Administration granted approval for Virgin to fly paying customers into space. It’s the first such approval granted by the FAA, and follows a successful test flight by Virgin Galactic in May.</p><p><blockquote><b>3）维珍银河（SPCE）</b>-在美国联邦航空管理局批准维珍航空将付费客户送上太空后，维珍航空股价在盘前飙升11.5%。这是美国联邦航空局首次获得此类批准，此前维珍银河在5月份成功试飞。</blockquote></p><p> <b>4)&nbsp;FedEx(FDX) </b>– FedEx beat estimates by 2 cents a share, with quarterly earnings of $5.01 per share. The delivery service’s revenue also topped forecasts. CEO Fred Smith said operations are being crimped by an inability to find enough workers, however, and the company will ramp up capital spending by 22% this year to deal with delivery delays. The stock slid 3.9% in premarket trading.</p><p><blockquote><b>4)联邦快递(FDX)</b>-联邦快递每股收益超出预期2美分，季度收益为每股5.01美元。送货服务的收入也超出了预期。首席执行官弗雷德·史密斯(Fred Smith)表示，由于无法找到足够的工人，运营受到了限制，该公司今年将增加22%的资本支出，以应对交货延误。该股在盘前交易中下跌3.9%。</blockquote></p><p> <b>5)&nbsp;Tesla(TSLA) </b>– Japanese electronics giant Panasonic sold its entire stake in Tesla for about $3.6 billion during the most recent fiscal year, according to a Panasonic spokesperson. Panasonic was an early investor in Tesla, and is a major battery supplier for the automaker.</p><p><blockquote><b>5）特斯拉（TSLA）</b>-据松下发言人称，日本电子巨头松下在最近一财年以约36亿美元的价格出售了其在特斯拉的全部股份。松下是特斯拉的早期投资者，也是该汽车制造商的主要电池供应商。</blockquote></p><p> <b>6)&nbsp;Netflix(NFLX)</b> – Netflix rose 1.3% in the premarket following an upgrade to “outperform” from “neutral” at Credit Suisse. The bank said it expects subscriber growth to normalize and that its recent consumer survey reinforced Netflix’s strong competitive position.</p><p><blockquote><b>6)Netflix(NFLX)</b>–Netflix盘前上涨1.3%，此前瑞士信贷将评级从“中性”上调至“跑赢大盘”。该银行表示，预计用户增长将正常化，最近的消费者调查增强了Netflix强大的竞争地位。</blockquote></p><p> <b>7)&nbsp;BlackBerry(BB) </b>– BlackBerry shares added 1.3% in premarket trading after it reported a smaller-than-expected loss for its latest quarter. The security and communications software maker also saw better-than-expected revenue, as a jump in electric vehicle sales boosted demand for BlackBerry’s QNX software.</p><p><blockquote><b>7）黑莓（BB）</b>-黑莓公布最近一个季度亏损小于预期，该公司股价在盘前交易中上涨1.3%。由于电动汽车销量的猛增提振了对黑莓QNX软件的需求，这家安全和通信软件制造商的收入也好于预期。</blockquote></p><p> <b>8)&nbsp;JPMorgan Chase(JPM),Wells Fargo(WFC),Bank of America(BAC),Citigroup(C)</b> – Big bank stocks are on watch today after the Federal Reservegave passing marksto all 23 banks that were subjected to the latest round of stress tests. Following those results, the Fed said it would lift temporary restrictions on dividends and share buybacks.</p><p><blockquote><b>8)摩根大通(JPM)、富国银行(WFC)、美国银行(BAC)、花旗集团(C)</b>-在美联储对接受最新一轮压力测试的所有23家银行给予及格分数后，大型银行股今天受到关注。在这些结果公布后，美联储表示将取消对股息和股票回购的临时限制。</blockquote></p><p> <b>9)&nbsp;Twilio(TWLO),Asana(ASAN)</b> – Twilio and Asana have agreed to list their shares on the Long-Term Stock Exchange, a Silicon Valley-based operation that is designed to focus on long-term investing. They will continue to list on the New York Stock Exchange as well. The two cloud software companies were early investors in the Long-Term Exchange. Asana jumped 3.3% in premarket trading.</p><p><blockquote><b>9）Twilio（TWLO）、Asana（ASAN）</b>-Twilio和Asana已同意将其股票在长期证券交易所上市，这是一家总部位于硅谷的公司，旨在专注于长期投资。他们也将继续在纽约证券交易所上市。这两家云软件公司是长期交易所的早期投资者。Asana在盘前交易中上涨3.3%。</blockquote></p><p> <b>10)&nbsp;Credit Suisse(CS)</b> – Credit Suisse is mulling various overhaul plans including a possible merger with rival European bankUBS(UBS), according to people familiar with the bank’s thinking who spoke to Reuters. Credit Suisse rose 1.2% in the premarket.</p><p><blockquote><b>10)瑞士信贷(CS)</b>-据接受路透社采访的知情人士透露，瑞士信贷正在考虑各种改革计划，包括可能与竞争对手欧洲银行（UBS）合并。瑞士信贷盘前上涨1.2%。</blockquote></p><p> <b>11)&nbsp;Doximity(DOCS) </b>– The social network for doctors saw its stock slide 3.9% in the premarket, after going public at $26 per share and closing its first day of trading at $53.</p><p><blockquote><b>11）Doximity（DOCS）</b>-这家医生社交网络以每股26美元的价格上市，首日收盘价为53美元，盘前股价下跌3.9%。</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>Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</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; 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}\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\">\nToplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-25 19:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><i><b>(Update: June 25, 2021 at 08:33 a.m. ET)</b></i></p><p><blockquote><i><b>（更新：美国东部时间2021年6月25日上午08:33）</b></i></blockquote></p><p> <ul>  <li><b>Key inflation indicator rises 3.4% in May from a year earlier, as expected.</b></li>  <li>S&amp;P, Nasdaq futures at peaks ahead of crucial inflation report.</li>  <li>Nike, CarMax, Virgin Galactic &amp; more made the biggest moves in the premarket.</li> </ul> (June&nbsp;25)&nbsp;<b>The core personal consumption expenditures price index for May was expected to rise 3.4% on a year-over-year basis, according to economists surveyed by Dow Jones.</b>&nbsp;</p><p><blockquote><ul><li><b>5月份关键通胀指标同比上涨3.4%，符合预期。</b></li><li>标准普尔、纳斯达克期货在关键通胀报告发布前达到峰值。</li><li>耐克、CarMax、维珍银河等在盘前做出了最大的动作。</li></ul>（6月25日）<b>据道琼斯调查的经济学家称，5月份核心个人消费支出价格指数预计同比上涨3.4%。</b> </blockquote></p><p> <i>Related:&nbsp;</i><a href=\"https://laohu8.com/NW/1107282210\" target=\"_blank\"><i>Key inflation indicator posts biggest year-over-year gain in nearly three decades</i></a></p><p><blockquote><i>相关：</i><a href=\"https://laohu8.com/NW/1107282210\" target=\"_blank\"><i>关键通胀指标录得近三十年来最大同比涨幅</i></a></blockquote></p><p> <a href=\"https://laohu8.com/NW/1166582624\" target=\"_blank\"><i>Fed's Favorite Inflation Indicator Surges To Highest Since 1991 As Savings Rate Slumps</i></a><i></i></p><p><blockquote><a href=\"https://laohu8.com/NW/1166582624\" target=\"_blank\"><i>随着储蓄率暴跌，美联储最喜欢的通胀指标飙升至1991年以来的最高水平</i></a><i></i></blockquote></p><p> S&amp;P futures traded at record highs, tracking strong gains in Asian markets, as investors braced for the Fed's preferred inflation data following a tentative bipartisan agreement on infrastructure spending, while U.S. lenders rose after clearing stress tests.</p><p><blockquote>标普期货交易创下历史新高，追随亚洲市场的强劲上涨，投资者在两党就基础设施支出达成初步协议后，为美联储首选的通胀数据做好准备，而美国银行在通过压力测试后上涨。</blockquote></p><p> At 7:58&nbsp;am ET S&amp;P futures were up 5pts or 0.12%, Dow Jones futs were up&nbsp;120 or 0.35% and Nasdaq futs were up 10.5 or +0.07%.&nbsp;<b>Global stocks are poised for their biggest weekly advance since April, extending their fifth monthly gain.</b></p><p><blockquote>美国东部时间上午7:58，标准普尔期货上涨5点或0.12%，道琼斯期货上涨120点或0.35%，纳斯达克期货上涨10.5点或+0.07%。<b>全球股市有望创下4月份以来最大单周涨幅，延续第五个月涨幅。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/3595ef2646654cdba23a65657d7cb0d5\" tg-width=\"1242\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In a sign of the ongoing recovery still under way in the U.S., the Labor Department'sweekly jobless claims report out Thursday morningshowed a drop in new filings, even as the margin of improvement came in slightly weaker than expected. <b>And on Friday, investors will be closely watching the Bureau of Economic Analysis' reported on core personal consumption expenditures (PCE), which serves as the Federal Reserve's preferred inflation gauge. This is expected to have risen by 3.4% in May over last year, marking the fastest increase since 1992.</b></p><p><blockquote>美国劳工部周四上午发布的每周失业救济申请报告显示，新申请失业救济人数有所下降，尽管改善幅度略弱于预期，这表明美国仍在持续复苏。<b>周五，投资者将密切关注经济分析局关于核心个人消费支出（PCE）的报告，该报告是美联储首选的通胀指标。预计5月份这一数字将比去年增长3.4%，为1992年以来的最快增幅。</b></blockquote></p><p> On Thursday, the Nasdaq and the S&amp;P 500 indexes closed at record highs, while the Dow jumped almost 1% after Joe Biden embraced the $1.2 trillion bipartisan Senate spending deal and as data showed a labor market recovery was on track, albeit at a slower pace. Major US banks such as Bank of America, JPMorgan Chase and Citigroup were all higher in premarket trading after all Wall Street banks&nbsp;passed&nbsp;the Federal Reserve’s stress tests, paving the way for over $140 billion in payouts. Nike surged 12% in premarket trading after sneaker maker forecast fiscal full-year sales ahead of Wall Street estimates prompting several analysts to raise their price projections, and helping Dow futures rise 0.3%. In sympathy, Adidas jumped 5.1% to 17-month high, while electricity producer Iberdrola dropped 2.1% to the lowest since early March. The latest evidence of a labor shortage came from FedEx Corp as the U.S. delivery firm missed 2022 earnings forecast due to hiring difficulties. Its shares shed 3.8%.</p><p><blockquote>周四，纳斯达克和标普500指数收于历史新高，而在乔·拜登接受1.2万亿美元的两党参议院支出协议后，道琼斯指数上涨近1%，数据显示劳动力市场复苏已步入正轨，尽管速度较慢。在所有华尔街银行通过美联储压力测试后，美国银行、摩根大通和花旗集团等美国主要银行在盘前交易中均走高，为超过1400亿美元的支出铺平了道路。运动鞋制造商耐克(Nike)在盘前交易中飙升12%，此前该公司预测全年销售额高于华尔街预期，促使几位分析师上调价格预测，并帮助道指期货上涨0.3%。出于同情，阿迪达斯股价上涨5.1%，至17个月高点，而电力生产商Iberdrola股价下跌2.1%，至3月初以来的最低水平。劳动力短缺的最新证据来自联邦快递公司，这家美国快递公司因招聘困难而未能达到2022年盈利预期。其股价下跌3.8%。</blockquote></p><p> Here are some of the other big premarket U.S. movers today:</p><p><blockquote>以下是今天美国其他一些重要的盘前走势：</blockquote></p><p> <ul>  <li>Blank-check firm Property Solutions Acquisition (PSAC) rises 16% after it said the registration statement on its merger with electric vehicle maker Faraday Future had been declared effective by the SEC.</li>  <li>Cannabidiol product seller Grove (GRVI) surges 35% rising further above yesterday’s IPO price of $5 per share.</li>  <li>Netflix (NFLX) gains 1.3% after Credit Suisse upgraded the stock to outperform, with subscriber growth expected to normalize in 4Q21. A survey by CS of U.S. consumers reinforced the stream platform’s strong competitive position and high user satisfaction.</li>  <li>Nokia’s U.S. ADRs (NOK) rise 2.9% after Goldman Sachs upgrades the telecom equipment maker to buy from neutral and raises price targets.</li> </ul> <b>Stocks making the biggest moves in the premarket: Nike, CarMax, Virgin Galactic &amp; more</b></p><p><blockquote><ul><li>空白支票公司Property Solutions Acquisition(PSAC)表示，SEC已宣布其与电动汽车制造商法拉第未来合并的注册声明生效，该公司股价上涨16%。</li><li>大麻二酚产品销售商Grove(GRVI)飙升35%，进一步高于昨天每股5美元的IPO价格。</li><li>瑞士信贷将Netflix(NFLX)股票评级上调至跑赢大盘后，该股上涨1.3%，预计2021年第四季度的用户增长将正常化。CS对美国消费者的一项调查强化了流媒体平台强大的竞争地位和高用户满意度。</li><li>高盛将这家电信设备制造商的评级从中性上调至买入并上调目标价后，诺基亚美国ADR(NOK)上涨2.9%。</li></ul><b>盘前涨幅最大的股票：耐克、CarMax、维珍银河等</b></blockquote></p><p> <b>1)&nbsp;Nike(NKE)</b> – Nikereported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its shoes and apparel, and saw a 73% jump in direct sales through its apps and websites. Nike shares soared 12.5% in the premarket.</p><p><blockquote><b>1）耐克（NKE）</b>-耐克报告季度收益为每股93美分，远高于每股51美分的普遍预期。收入大幅超出预期，首次超过120亿美元。耐克受益于对其鞋子和服装被压抑的需求，通过其应用程序和网站的直销增长了73%。耐克股价盘前飙升12.5%。</blockquote></p><p> <b>2)&nbsp;CarMax(KMX) </b>– CarMax shares rallied 5.9% in premarket trading after the auto retailer reported better-than-expected sales and profit for its latest quarter. CarMax beat the consensus estimate by $1 a share, with quarterly profit of $2.63, helped by a pandemic-induced preference for cars over public transport.</p><p><blockquote><b>2)CarMax(KMX)</b>-汽车零售商CarMax公布最新季度的销售额和利润好于预期，该公司股价在盘前交易中上涨5.9%。CarMax每股超出市场普遍预期1美元，季度利润为2.63美元，这得益于大流行引发的对汽车而非公共交通的偏好。</blockquote></p><p></p><p> <b>3)&nbsp;Virgin Galactic(SPCE) </b>– Virgin shares surged 11.5% in the premarket after the Federal Aviation Administration granted approval for Virgin to fly paying customers into space. It’s the first such approval granted by the FAA, and follows a successful test flight by Virgin Galactic in May.</p><p><blockquote><b>3）维珍银河（SPCE）</b>-在美国联邦航空管理局批准维珍航空将付费客户送上太空后，维珍航空股价在盘前飙升11.5%。这是美国联邦航空局首次获得此类批准，此前维珍银河在5月份成功试飞。</blockquote></p><p> <b>4)&nbsp;FedEx(FDX) </b>– FedEx beat estimates by 2 cents a share, with quarterly earnings of $5.01 per share. The delivery service’s revenue also topped forecasts. CEO Fred Smith said operations are being crimped by an inability to find enough workers, however, and the company will ramp up capital spending by 22% this year to deal with delivery delays. The stock slid 3.9% in premarket trading.</p><p><blockquote><b>4)联邦快递(FDX)</b>-联邦快递每股收益超出预期2美分，季度收益为每股5.01美元。送货服务的收入也超出了预期。首席执行官弗雷德·史密斯(Fred Smith)表示，由于无法找到足够的工人，运营受到了限制，该公司今年将增加22%的资本支出，以应对交货延误。该股在盘前交易中下跌3.9%。</blockquote></p><p> <b>5)&nbsp;Tesla(TSLA) </b>– Japanese electronics giant Panasonic sold its entire stake in Tesla for about $3.6 billion during the most recent fiscal year, according to a Panasonic spokesperson. Panasonic was an early investor in Tesla, and is a major battery supplier for the automaker.</p><p><blockquote><b>5）特斯拉（TSLA）</b>-据松下发言人称，日本电子巨头松下在最近一财年以约36亿美元的价格出售了其在特斯拉的全部股份。松下是特斯拉的早期投资者，也是该汽车制造商的主要电池供应商。</blockquote></p><p> <b>6)&nbsp;Netflix(NFLX)</b> – Netflix rose 1.3% in the premarket following an upgrade to “outperform” from “neutral” at Credit Suisse. The bank said it expects subscriber growth to normalize and that its recent consumer survey reinforced Netflix’s strong competitive position.</p><p><blockquote><b>6)Netflix(NFLX)</b>–Netflix盘前上涨1.3%，此前瑞士信贷将评级从“中性”上调至“跑赢大盘”。该银行表示，预计用户增长将正常化，最近的消费者调查增强了Netflix强大的竞争地位。</blockquote></p><p> <b>7)&nbsp;BlackBerry(BB) </b>– BlackBerry shares added 1.3% in premarket trading after it reported a smaller-than-expected loss for its latest quarter. The security and communications software maker also saw better-than-expected revenue, as a jump in electric vehicle sales boosted demand for BlackBerry’s QNX software.</p><p><blockquote><b>7）黑莓（BB）</b>-黑莓公布最近一个季度亏损小于预期，该公司股价在盘前交易中上涨1.3%。由于电动汽车销量的猛增提振了对黑莓QNX软件的需求，这家安全和通信软件制造商的收入也好于预期。</blockquote></p><p> <b>8)&nbsp;JPMorgan Chase(JPM),Wells Fargo(WFC),Bank of America(BAC),Citigroup(C)</b> – Big bank stocks are on watch today after the Federal Reservegave passing marksto all 23 banks that were subjected to the latest round of stress tests. Following those results, the Fed said it would lift temporary restrictions on dividends and share buybacks.</p><p><blockquote><b>8)摩根大通(JPM)、富国银行(WFC)、美国银行(BAC)、花旗集团(C)</b>-在美联储对接受最新一轮压力测试的所有23家银行给予及格分数后，大型银行股今天受到关注。在这些结果公布后，美联储表示将取消对股息和股票回购的临时限制。</blockquote></p><p> <b>9)&nbsp;Twilio(TWLO),Asana(ASAN)</b> – Twilio and Asana have agreed to list their shares on the Long-Term Stock Exchange, a Silicon Valley-based operation that is designed to focus on long-term investing. They will continue to list on the New York Stock Exchange as well. The two cloud software companies were early investors in the Long-Term Exchange. Asana jumped 3.3% in premarket trading.</p><p><blockquote><b>9）Twilio（TWLO）、Asana（ASAN）</b>-Twilio和Asana已同意将其股票在长期证券交易所上市，这是一家总部位于硅谷的公司，旨在专注于长期投资。他们也将继续在纽约证券交易所上市。这两家云软件公司是长期交易所的早期投资者。Asana在盘前交易中上涨3.3%。</blockquote></p><p> <b>10)&nbsp;Credit Suisse(CS)</b> – Credit Suisse is mulling various overhaul plans including a possible merger with rival European bankUBS(UBS), according to people familiar with the bank’s thinking who spoke to Reuters. Credit Suisse rose 1.2% in the premarket.</p><p><blockquote><b>10)瑞士信贷(CS)</b>-据接受路透社采访的知情人士透露，瑞士信贷正在考虑各种改革计划，包括可能与竞争对手欧洲银行（UBS）合并。瑞士信贷盘前上涨1.2%。</blockquote></p><p> <b>11)&nbsp;Doximity(DOCS) </b>– The social network for doctors saw its stock slide 3.9% in the premarket, after going public at $26 per share and closing its first day of trading at $53.</p><p><blockquote><b>11）Doximity（DOCS）</b>-这家医生社交网络以每股26美元的价格上市，首日收盘价为53美元，盘前股价下跌3.9%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123235741","content_text":"(Update: June 25, 2021 at 08:33 a.m. ET)\n\nKey inflation indicator rises 3.4% in May from a year earlier, as expected.\nS&P, Nasdaq futures at peaks ahead of crucial inflation report.\nNike, CarMax, Virgin Galactic & more made the biggest moves in the premarket.\n\n(June 25) The core personal consumption expenditures price index for May was expected to rise 3.4% on a year-over-year basis, according to economists surveyed by Dow Jones. \nRelated: Key inflation indicator posts biggest year-over-year gain in nearly three decades\nFed's Favorite Inflation Indicator Surges To Highest Since 1991 As Savings Rate Slumps\nS&P futures traded at record highs, tracking strong gains in Asian markets, as investors braced for the Fed's preferred inflation data following a tentative bipartisan agreement on infrastructure spending, while U.S. lenders rose after clearing stress tests.\nAt 7:58 am ET S&P futures were up 5pts or 0.12%, Dow Jones futs were up 120 or 0.35% and Nasdaq futs were up 10.5 or +0.07%. Global stocks are poised for their biggest weekly advance since April, extending their fifth monthly gain.\n\nIn a sign of the ongoing recovery still under way in the U.S., the Labor Department'sweekly jobless claims report out Thursday morningshowed a drop in new filings, even as the margin of improvement came in slightly weaker than expected. And on Friday, investors will be closely watching the Bureau of Economic Analysis' reported on core personal consumption expenditures (PCE), which serves as the Federal Reserve's preferred inflation gauge. This is expected to have risen by 3.4% in May over last year, marking the fastest increase since 1992.\nOn Thursday, the Nasdaq and the S&P 500 indexes closed at record highs, while the Dow jumped almost 1% after Joe Biden embraced the $1.2 trillion bipartisan Senate spending deal and as data showed a labor market recovery was on track, albeit at a slower pace. Major US banks such as Bank of America, JPMorgan Chase and Citigroup were all higher in premarket trading after all Wall Street banks passed the Federal Reserve’s stress tests, paving the way for over $140 billion in payouts. Nike surged 12% in premarket trading after sneaker maker forecast fiscal full-year sales ahead of Wall Street estimates prompting several analysts to raise their price projections, and helping Dow futures rise 0.3%. In sympathy, Adidas jumped 5.1% to 17-month high, while electricity producer Iberdrola dropped 2.1% to the lowest since early March. The latest evidence of a labor shortage came from FedEx Corp as the U.S. delivery firm missed 2022 earnings forecast due to hiring difficulties. Its shares shed 3.8%.\nHere are some of the other big premarket U.S. movers today:\n\nBlank-check firm Property Solutions Acquisition (PSAC) rises 16% after it said the registration statement on its merger with electric vehicle maker Faraday Future had been declared effective by the SEC.\nCannabidiol product seller Grove (GRVI) surges 35% rising further above yesterday’s IPO price of $5 per share.\nNetflix (NFLX) gains 1.3% after Credit Suisse upgraded the stock to outperform, with subscriber growth expected to normalize in 4Q21. A survey by CS of U.S. consumers reinforced the stream platform’s strong competitive position and high user satisfaction.\nNokia’s U.S. ADRs (NOK) rise 2.9% after Goldman Sachs upgrades the telecom equipment maker to buy from neutral and raises price targets.\n\nStocks making the biggest moves in the premarket: Nike, CarMax, Virgin Galactic & more\n1) Nike(NKE) – Nikereported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its shoes and apparel, and saw a 73% jump in direct sales through its apps and websites. Nike shares soared 12.5% in the premarket.\n2) CarMax(KMX) – CarMax shares rallied 5.9% in premarket trading after the auto retailer reported better-than-expected sales and profit for its latest quarter. CarMax beat the consensus estimate by $1 a share, with quarterly profit of $2.63, helped by a pandemic-induced preference for cars over public transport.\n3) Virgin Galactic(SPCE) – Virgin shares surged 11.5% in the premarket after the Federal Aviation Administration granted approval for Virgin to fly paying customers into space. It’s the first such approval granted by the FAA, and follows a successful test flight by Virgin Galactic in May.\n4) FedEx(FDX) – FedEx beat estimates by 2 cents a share, with quarterly earnings of $5.01 per share. The delivery service’s revenue also topped forecasts. CEO Fred Smith said operations are being crimped by an inability to find enough workers, however, and the company will ramp up capital spending by 22% this year to deal with delivery delays. The stock slid 3.9% in premarket trading.\n5) Tesla(TSLA) – Japanese electronics giant Panasonic sold its entire stake in Tesla for about $3.6 billion during the most recent fiscal year, according to a Panasonic spokesperson. Panasonic was an early investor in Tesla, and is a major battery supplier for the automaker.\n6) Netflix(NFLX) – Netflix rose 1.3% in the premarket following an upgrade to “outperform” from “neutral” at Credit Suisse. The bank said it expects subscriber growth to normalize and that its recent consumer survey reinforced Netflix’s strong competitive position.\n7) BlackBerry(BB) – BlackBerry shares added 1.3% in premarket trading after it reported a smaller-than-expected loss for its latest quarter. The security and communications software maker also saw better-than-expected revenue, as a jump in electric vehicle sales boosted demand for BlackBerry’s QNX software.\n8) JPMorgan Chase(JPM),Wells Fargo(WFC),Bank of America(BAC),Citigroup(C) – Big bank stocks are on watch today after the Federal Reservegave passing marksto all 23 banks that were subjected to the latest round of stress tests. Following those results, the Fed said it would lift temporary restrictions on dividends and share buybacks.\n9) Twilio(TWLO),Asana(ASAN) – Twilio and Asana have agreed to list their shares on the Long-Term Stock Exchange, a Silicon Valley-based operation that is designed to focus on long-term investing. They will continue to list on the New York Stock Exchange as well. The two cloud software companies were early investors in the Long-Term Exchange. Asana jumped 3.3% in premarket trading.\n10) Credit Suisse(CS) – Credit Suisse is mulling various overhaul plans including a possible merger with rival European bankUBS(UBS), according to people familiar with the bank’s thinking who spoke to Reuters. Credit Suisse rose 1.2% in the premarket.\n11) Doximity(DOCS) – The social network for doctors saw its stock slide 3.9% in the premarket, after going public at $26 per share and closing its first day of trading at $53.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}