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2021-12-21

What’s your opinion ? This years Santa Cruz rallyseems to be lack lustre

2021-08-09

That’s good

抱歉，原内容已删除

2021-08-09

Wow that’s some news

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2021-08-09

Like please brothers

Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>

2021-08-04

Good move

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2021-08-04

Wow Like bros

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2021-08-04

Like brothers

Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>

2021-08-04

Wow this is big step

Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>

2021-08-03

Good

抱歉，原内容已删除

2021-08-03

That’s real bad Please like my comment brothers

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2021-08-03

Amazing

Corporate Margins Set To Tumble As Companies Freak Out About Surge In "Bad Inflation"<blockquote>由于企业对“糟糕的通胀”激增感到恐慌，企业利润率将暴跌</blockquote>

2021-08-02

Good stuff

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2021-08-02

Like brothers

抱歉，原内容已删除

2021-08-02

Like pls

抱歉，原内容已删除

2021-07-29

Like bros

抱歉，原内容已删除

2021-07-29

Now go go go

抱歉，原内容已删除

2021-07-29

Good

Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</blockquote>

2021-07-29

Like brothers

Bit Digital Popped nearly 50% to trigger fusing<blockquote>Bit Digital 暴涨近 50% 触发融合</blockquote>

2021-07-29

That’s good

Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</blockquote>

2021-07-29

Good

抱歉，原内容已删除

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your opinion ? This years Santa Cruz rallyseems to be lack lustre&nbsp;","listText":"What’s your opinion ? This years Santa Cruz rallyseems to be lack lustre&nbsp;","text":"What’s your opinion ? This years Santa Cruz rallyseems to be lack lustre","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693504293","isVote":1,"tweetType":1,"viewCount":2779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":898546633,"gmtCreate":1628514156022,"gmtModify":1633746556838,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"That’s good&nbsp;","listText":"That’s good&nbsp;","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898546633","repostId":"1127340198","repostType":4,"isVote":1,"tweetType":1,"viewCount":2631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898555707,"gmtCreate":1628513562309,"gmtModify":1633746562064,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Wow that’s some news&nbsp;","listText":"Wow that’s some news&nbsp;","text":"Wow that’s some news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898555707","repostId":"2158488764","repostType":4,"isVote":1,"tweetType":1,"viewCount":2721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898555347,"gmtCreate":1628513515889,"gmtModify":1633746562737,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Like please brothers&nbsp;","listText":"Like please brothers&nbsp;","text":"Like please brothers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898555347","repostId":"1182740672","repostType":4,"repost":{"id":"1182740672","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":1628511055,"share":"https://www.laohunote.com/m/news/1182740672?lang=zh_CN&edition=full","pubTime":"2021-08-09 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182740672","media":"Tiger Newspress","summary":"The S&P and the Dow index futures fell from record highs on Monday with oil stocks reeling from a mo","content":"<p>The S&amp;P and the Dow index futures fell from record highs on Monday with oil stocks reeling from a more than 4% slump in crude prices on concerns over rising COVID-19 cases in Asia.</p><p><blockquote>标准普尔和道琼斯指数期货周一从历史高点下跌，石油股因担心亚洲 COVID-19 病例增加而导致原油价格暴跌超过 4%。</blockquote></p><p> At 8:05 a.m. ET, Dow E-minis were down 90 points, or 0.26%, S&amp;P 500 E-minis were down 5.5 points, or 0.12% and Nasdaq 100 E-minis were up 20 points, or 0.13%.</p><p><blockquote>美国东部时间上午 8:05，道琼斯电子迷你指数下跌 90 点，跌幅 0.26%，标普500电子迷你指数下跌 5.5 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 20 点，跌幅 0.13%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93b96fe26422f6fb5d7d4df86a535553\" tg-width=\"668\" tg-height=\"251\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*资料来源：Tiger Trade，美国东部时间 08:05</span></p></blockquote></p><p> A stellar earnings season has seen U.S. stocks surge to record highs over the past two weeks, as several consensus-beating results from major firms reinforced faith in a post-COVID economic recovery this year.</p><p><blockquote>过去两周，美国股市在出色的财报季中飙升至历史新高，因为几家大公司的业绩超出了共识，增强了人们对今年新冠疫情后经济复苏的信心。</blockquote></p><p> Analysts expect second-quarter profit growth of 92.9% for S&amp;P 500 companies, according to IBES data from Refinitiv. Of the 427 companies in the index that have reported earnings so far, 87.6% beat analyst expectations, the highest on record.</p><p><blockquote>根据 Refinitiv 的 IBES 数据，分析师预计标普500公司第二季度利润增长 92.9%。迄今为止，该指数中已公布收益的 427 家公司中，87.6% 超出分析师预期，创历史新高。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/SAFM\">Sanderson Farms</a> – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain. The all-cash deal represents an 11.3% premium over Friday’s closing price for Sanderson Farms. Sanderson shares surged 8.3% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/SAFM\">桑德森农场</a>– 这家家禽生产商同意被私营食品生产商嘉吉公司和农业投资公司大陆谷物公司以约 45 亿美元（即每股 203 美元）收购。这笔全现金交易比桑德森农场周五的收盘价溢价 11.3%。桑德森股价盘前飙升 8.3%。</blockquote></p><p> <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> – Tesla gained 1.6% in the premarket after Jefferies upgraded the stock to “buy” from “hold,” based on what the firm feels is more efficient capital deployment and an improved ability by auto manufacturers to increase profit margins over time.</p><p><blockquote><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>- 特斯拉在盘前上涨 1.6%，此前杰富瑞将该股评级从 “持有 ”上调至 “买入 ”，理由是该公司认为资本部署效率更高，汽车制造商随着时间的推移提高利润率的能力也有所提高。</blockquote></p><p> <a href=\"https://laohu8.com/S/USFD\">US Foods Holding Corp</a> – The foodservice distributor’s shares rallied 6.5% in the premarket after beating Street forecasts with its second-quarter profit and revenue. U.S. Foods earned 58 cents per share, 22 cents a share above estimates, helped by strong demand for its products and services as the industry recovers from the pandemic.</p><p><blockquote><a href=\"https://laohu8.com/S/USFD\">美国食品控股公司</a>- 这家餐饮服务分销商的第二季度利润和收入超出了华尔街的预期，其股价在盘前上涨了 6.5%。美国食品公司每股收益为 58 美分，比预期高出 22 美分，这得益于该行业从疫情中复苏后对其产品和服务的强劲需求。</blockquote></p><p> <a href=\"https://laohu8.com/S/TSN\">Tyson</a> – The beef and poultry producer reported quarterly earnings of $2.70 per share, well above the consensus estimate of $1.62 a share. Revenue also came in above analysts’ projections. Results got a boost from strong consumer demand as well as restaurant reopenings. Tyson shares rose 2.6% in premarket trading.ovid</p><p><blockquote><a href=\"https://laohu8.com/S/TSN\">泰森</a>– 这家牛肉和家禽生产商公布的季度收益为每股 2.70 美元，远高于每股 1.62 美元的市场普遍预期。收入也高于分析师的预期。强劲的消费者需求和餐馆重新开业提振了业绩。泰森股价在盘前交易中上涨 2.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/NCLH\">Norwegian Cruise Line</a> – A federal judge ruled that the cruise linecan ask passengers for proof of Covid-19 vaccination, temporarily blocking a Florida law banning that practice.</p><p><blockquote><a href=\"https://laohu8.com/S/NCLH\">挪威邮轮公司</a>– 一名联邦法官裁定，邮轮公司可以要求乘客提供 Covid-19 疫苗接种证明，暂时阻止了佛罗里达州禁止这种做法的法律。</blockquote></p><p> <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> – Berkshire shares rose 1.2% in premarket tradingafter it reported a 7% increasein second-quarter earnings. Berkshire’s results were helped by a rebound across its businesses including its railroad and energy companies.</p><p><blockquote><a href=\"https://laohu8.com/S/BRK.B\">伯克希尔哈撒韦公司</a>– 伯克希尔公布第二季度盈利增长 7%，股价在盘前交易中上涨 1.2%。伯克希尔的业绩得益于包括铁路和能源公司在内的所有业务的反弹。</blockquote></p><p> <a href=\"https://laohu8.com/S/VNE\">Veoneer, Inc.</a> – The auto parts maker said it would begin talks withQualcomm(QCOM) about the chip maker’s takeover bid, which topped a bid from automotive software makerMagna International(MGA) that had been previously approved by Veoneer’s board. Qualcomm’s bid is worth $4.6 billion, compared to the approximately $3.8 billion value of Magna’s deal. Veoneer slid 3.3% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/VNE\">维奥尼尔公司。</a>- 这家汽车零部件制造商表示，将开始与高通（QCOM）就这家芯片制造商的收购要约进行谈判，该要约高于汽车软件制造商麦格纳国际（MGA）的收购要约，该要约此前已获得 Veoneer 董事会的批准。高通的出价为 46 亿美元，而麦格纳的交易价值约为 38 亿美元。Veoneer 在盘前交易中下跌 3.3%。</blockquote></p><p> <a href=\"https://laohu8.com/S/EXAS\">Exact Sciences</a> – The molecular diagnostics company has approached genetic testing firmInvitae(NVTA) about a possible merger, according to people familiar with the matter who spoke to Bloomberg. The people said the two sides are not in active talks and that a seal would likely be a low-premium, all-stock transaction. Invitae surged 7.2% in the premarket while Exact Sciences fell 2%.</p><p><blockquote><a href=\"https://laohu8.com/S/EXAS\">精密科学</a>– 据接受彭博社采访的知情人士透露，这家分子诊断公司已与基因检测公司 firmInvitae (NVTA) 就可能的合并进行了接洽。知情人士表示，双方并未进行积极谈判，海豹突击队可能是一笔低溢价、全股票交易。Invitae 盘前飙升 7.2%，而 Exact Sciences 则下跌 2%。</blockquote></p><p> <a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> – The discount retailer was downgraded to “hold” from “buy” at Deutsche Bank, which expressed concerns about the impact of increased freight and labor costs on profit margins. Dollar Tree lost 1.5% in premarket action.</p><p><blockquote><a href=\"https://laohu8.com/S/DLTR\">美元树</a>- 德意志银行将这家折扣零售商的评级从 “买入 ”下调至 “持有 ”，德意志银行对运费和劳动力成本增加对利润率的影响表示担忧。Dollar Tree 在盘前交易中下跌 1.5%。</blockquote></p><p> <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> ,<a href=\"https://laohu8.com/S/CVX\">Chevron</a> – These and other energy companies are under pressure as&nbsp;oil prices slide&nbsp;following &nbsp;a&nbsp;U.N. report on the impact of climate change. Exxon fell 1.3% in premarket trading, while Chevron was down 1.6%.</p><p><blockquote><a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>,<a href=\"https://laohu8.com/S/CVX\">人字形</a>– 由于联合国决议后油价下滑，这些和其他能源公司面临压力。气候变化影响报告。埃克森美孚在盘前交易中下跌 1.3%，雪佛龙下跌 1.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/VSCO\">Victoria's Secret &amp; Co</a> – JPMorgan Chase initiated coverage on the women’s apparel retailer with an “overweight” rating, noting its dominant market position in lingerie and nightwear and expansion opportunities in swimwear. Victoria’s Secret added 1.6% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/VSCO\">维多利亚的秘密公司</a>- 摩根大通对这家女装零售商给予了 “跑赢大盘 ”评级，指出其在内衣和睡衣领域的市场主导地位以及在泳装领域的扩张机会。维多利亚的秘密在盘前上涨了 1.6%。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/NTES\">NetEase</a> – The China-based online services company surged 2.3% in premarket trading, following a Reuters report that it has delayed a planned $1 billion Hong Kong initial public offering of its Cloud Village music streaming service. People with direct knowledge of the matter said the delay was due to volatile trading in China’s major tech companies.</p><p><blockquote><a href=\"https://laohu8.com/S/NTES\">网易</a>– 这家总部位于中国的在线服务公司在盘前交易中飙升 2.3%，此前路透社报道称，该公司已推迟其 Cloud Village 音乐流媒体服务 10 亿美元的香港首次公开募股计划。直接了解此事的人士说，延迟是由于中国主要科技公司的交易波动所致。</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 Monday<blockquote>周一美国市场开盘前的顶线</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 Monday<blockquote>周一美国市场开盘前的顶线</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\">2021-08-09 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P and the Dow index futures fell from record highs on Monday with oil stocks reeling from a more than 4% slump in crude prices on concerns over rising COVID-19 cases in Asia.</p><p><blockquote>标准普尔和道琼斯指数期货周一从历史高点下跌，石油股因担心亚洲 COVID-19 病例增加而导致原油价格暴跌超过 4%。</blockquote></p><p> At 8:05 a.m. ET, Dow E-minis were down 90 points, or 0.26%, S&amp;P 500 E-minis were down 5.5 points, or 0.12% and Nasdaq 100 E-minis were up 20 points, or 0.13%.</p><p><blockquote>美国东部时间上午 8:05，道琼斯电子迷你指数下跌 90 点，跌幅 0.26%，标普500电子迷你指数下跌 5.5 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 20 点，跌幅 0.13%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93b96fe26422f6fb5d7d4df86a535553\" tg-width=\"668\" tg-height=\"251\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*资料来源：Tiger Trade，美国东部时间 08:05</span></p></blockquote></p><p> A stellar earnings season has seen U.S. stocks surge to record highs over the past two weeks, as several consensus-beating results from major firms reinforced faith in a post-COVID economic recovery this year.</p><p><blockquote>过去两周，美国股市在出色的财报季中飙升至历史新高，因为几家大公司的业绩超出了共识，增强了人们对今年新冠疫情后经济复苏的信心。</blockquote></p><p> Analysts expect second-quarter profit growth of 92.9% for S&amp;P 500 companies, according to IBES data from Refinitiv. Of the 427 companies in the index that have reported earnings so far, 87.6% beat analyst expectations, the highest on record.</p><p><blockquote>根据 Refinitiv 的 IBES 数据，分析师预计标普500公司第二季度利润增长 92.9%。迄今为止，该指数中已公布收益的 427 家公司中，87.6% 超出分析师预期，创历史新高。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/SAFM\">Sanderson Farms</a> – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain. The all-cash deal represents an 11.3% premium over Friday’s closing price for Sanderson Farms. Sanderson shares surged 8.3% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/SAFM\">桑德森农场</a>– 这家家禽生产商同意被私营食品生产商嘉吉公司和农业投资公司大陆谷物公司以约 45 亿美元（即每股 203 美元）收购。这笔全现金交易比桑德森农场周五的收盘价溢价 11.3%。桑德森股价盘前飙升 8.3%。</blockquote></p><p> <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> – Tesla gained 1.6% in the premarket after Jefferies upgraded the stock to “buy” from “hold,” based on what the firm feels is more efficient capital deployment and an improved ability by auto manufacturers to increase profit margins over time.</p><p><blockquote><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>- 特斯拉在盘前上涨 1.6%，此前杰富瑞将该股评级从 “持有 ”上调至 “买入 ”，理由是该公司认为资本部署效率更高，汽车制造商随着时间的推移提高利润率的能力也有所提高。</blockquote></p><p> <a href=\"https://laohu8.com/S/USFD\">US Foods Holding Corp</a> – The foodservice distributor’s shares rallied 6.5% in the premarket after beating Street forecasts with its second-quarter profit and revenue. U.S. Foods earned 58 cents per share, 22 cents a share above estimates, helped by strong demand for its products and services as the industry recovers from the pandemic.</p><p><blockquote><a href=\"https://laohu8.com/S/USFD\">美国食品控股公司</a>- 这家餐饮服务分销商的第二季度利润和收入超出了华尔街的预期，其股价在盘前上涨了 6.5%。美国食品公司每股收益为 58 美分，比预期高出 22 美分，这得益于该行业从疫情中复苏后对其产品和服务的强劲需求。</blockquote></p><p> <a href=\"https://laohu8.com/S/TSN\">Tyson</a> – The beef and poultry producer reported quarterly earnings of $2.70 per share, well above the consensus estimate of $1.62 a share. Revenue also came in above analysts’ projections. Results got a boost from strong consumer demand as well as restaurant reopenings. Tyson shares rose 2.6% in premarket trading.ovid</p><p><blockquote><a href=\"https://laohu8.com/S/TSN\">泰森</a>– 这家牛肉和家禽生产商公布的季度收益为每股 2.70 美元，远高于每股 1.62 美元的市场普遍预期。收入也高于分析师的预期。强劲的消费者需求和餐馆重新开业提振了业绩。泰森股价在盘前交易中上涨 2.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/NCLH\">Norwegian Cruise Line</a> – A federal judge ruled that the cruise linecan ask passengers for proof of Covid-19 vaccination, temporarily blocking a Florida law banning that practice.</p><p><blockquote><a href=\"https://laohu8.com/S/NCLH\">挪威邮轮公司</a>– 一名联邦法官裁定，邮轮公司可以要求乘客提供 Covid-19 疫苗接种证明，暂时阻止了佛罗里达州禁止这种做法的法律。</blockquote></p><p> <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> – Berkshire shares rose 1.2% in premarket tradingafter it reported a 7% increasein second-quarter earnings. Berkshire’s results were helped by a rebound across its businesses including its railroad and energy companies.</p><p><blockquote><a href=\"https://laohu8.com/S/BRK.B\">伯克希尔哈撒韦公司</a>– 伯克希尔公布第二季度盈利增长 7%，股价在盘前交易中上涨 1.2%。伯克希尔的业绩得益于包括铁路和能源公司在内的所有业务的反弹。</blockquote></p><p> <a href=\"https://laohu8.com/S/VNE\">Veoneer, Inc.</a> – The auto parts maker said it would begin talks withQualcomm(QCOM) about the chip maker’s takeover bid, which topped a bid from automotive software makerMagna International(MGA) that had been previously approved by Veoneer’s board. Qualcomm’s bid is worth $4.6 billion, compared to the approximately $3.8 billion value of Magna’s deal. Veoneer slid 3.3% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/VNE\">维奥尼尔公司。</a>- 这家汽车零部件制造商表示，将开始与高通（QCOM）就这家芯片制造商的收购要约进行谈判，该要约高于汽车软件制造商麦格纳国际（MGA）的收购要约，该要约此前已获得 Veoneer 董事会的批准。高通的出价为 46 亿美元，而麦格纳的交易价值约为 38 亿美元。Veoneer 在盘前交易中下跌 3.3%。</blockquote></p><p> <a href=\"https://laohu8.com/S/EXAS\">Exact Sciences</a> – The molecular diagnostics company has approached genetic testing firmInvitae(NVTA) about a possible merger, according to people familiar with the matter who spoke to Bloomberg. The people said the two sides are not in active talks and that a seal would likely be a low-premium, all-stock transaction. Invitae surged 7.2% in the premarket while Exact Sciences fell 2%.</p><p><blockquote><a href=\"https://laohu8.com/S/EXAS\">精密科学</a>– 据接受彭博社采访的知情人士透露，这家分子诊断公司已与基因检测公司 firmInvitae (NVTA) 就可能的合并进行了接洽。知情人士表示，双方并未进行积极谈判，海豹突击队可能是一笔低溢价、全股票交易。Invitae 盘前飙升 7.2%，而 Exact Sciences 则下跌 2%。</blockquote></p><p> <a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> – The discount retailer was downgraded to “hold” from “buy” at Deutsche Bank, which expressed concerns about the impact of increased freight and labor costs on profit margins. Dollar Tree lost 1.5% in premarket action.</p><p><blockquote><a href=\"https://laohu8.com/S/DLTR\">美元树</a>- 德意志银行将这家折扣零售商的评级从 “买入 ”下调至 “持有 ”，德意志银行对运费和劳动力成本增加对利润率的影响表示担忧。Dollar Tree 在盘前交易中下跌 1.5%。</blockquote></p><p> <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> ,<a href=\"https://laohu8.com/S/CVX\">Chevron</a> – These and other energy companies are under pressure as&nbsp;oil prices slide&nbsp;following &nbsp;a&nbsp;U.N. report on the impact of climate change. Exxon fell 1.3% in premarket trading, while Chevron was down 1.6%.</p><p><blockquote><a href=\"https://laohu8.com/S/XOM\">埃克森美孚</a>,<a href=\"https://laohu8.com/S/CVX\">人字形</a>– 由于联合国决议后油价下滑，这些和其他能源公司面临压力。气候变化影响报告。埃克森美孚在盘前交易中下跌 1.3%，雪佛龙下跌 1.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/VSCO\">Victoria's Secret &amp; Co</a> – JPMorgan Chase initiated coverage on the women’s apparel retailer with an “overweight” rating, noting its dominant market position in lingerie and nightwear and expansion opportunities in swimwear. Victoria’s Secret added 1.6% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/VSCO\">维多利亚的秘密公司</a>- 摩根大通对这家女装零售商给予了 “跑赢大盘 ”评级，指出其在内衣和睡衣领域的市场主导地位以及在泳装领域的扩张机会。维多利亚的秘密在盘前上涨了 1.6%。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/NTES\">NetEase</a> – The China-based online services company surged 2.3% in premarket trading, following a Reuters report that it has delayed a planned $1 billion Hong Kong initial public offering of its Cloud Village music streaming service. People with direct knowledge of the matter said the delay was due to volatile trading in China’s major tech companies.</p><p><blockquote><a href=\"https://laohu8.com/S/NTES\">网易</a>– 这家总部位于中国的在线服务公司在盘前交易中飙升 2.3%，此前路透社报道称，该公司已推迟其 Cloud Village 音乐流媒体服务 10 亿美元的香港首次公开募股计划。直接了解此事的人士说，延迟是由于中国主要科技公司的交易波动所致。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182740672","content_text":"The S&P and the Dow index futures fell from record highs on Monday with oil stocks reeling from a more than 4% slump in crude prices on concerns over rising COVID-19 cases in Asia.\nAt 8:05 a.m. ET, Dow E-minis were down 90 points, or 0.26%, S&P 500 E-minis were down 5.5 points, or 0.12% and Nasdaq 100 E-minis were up 20 points, or 0.13%.\n*Source From Tiger Trade, EST 08:05\nA stellar earnings season has seen U.S. stocks surge to record highs over the past two weeks, as several consensus-beating results from major firms reinforced faith in a post-COVID economic recovery this year.\nAnalysts expect second-quarter profit growth of 92.9% for S&P 500 companies, according to IBES data from Refinitiv. Of the 427 companies in the index that have reported earnings so far, 87.6% beat analyst expectations, the highest on record.\nStocks making the biggest moves in the premarket:\nSanderson Farms – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain. The all-cash deal represents an 11.3% premium over Friday’s closing price for Sanderson Farms. Sanderson shares surged 8.3% in the premarket.\nTesla Motors – Tesla gained 1.6% in the premarket after Jefferies upgraded the stock to “buy” from “hold,” based on what the firm feels is more efficient capital deployment and an improved ability by auto manufacturers to increase profit margins over time.\nUS Foods Holding Corp – The foodservice distributor’s shares rallied 6.5% in the premarket after beating Street forecasts with its second-quarter profit and revenue. U.S. Foods earned 58 cents per share, 22 cents a share above estimates, helped by strong demand for its products and services as the industry recovers from the pandemic.\nTyson – The beef and poultry producer reported quarterly earnings of $2.70 per share, well above the consensus estimate of $1.62 a share. Revenue also came in above analysts’ projections. Results got a boost from strong consumer demand as well as restaurant reopenings. Tyson shares rose 2.6% in premarket trading.ovid\nNorwegian Cruise Line – A federal judge ruled that the cruise linecan ask passengers for proof of Covid-19 vaccination, temporarily blocking a Florida law banning that practice.\nBerkshire Hathaway – Berkshire shares rose 1.2% in premarket tradingafter it reported a 7% increasein second-quarter earnings. Berkshire’s results were helped by a rebound across its businesses including its railroad and energy companies.\nVeoneer, Inc. – The auto parts maker said it would begin talks withQualcomm(QCOM) about the chip maker’s takeover bid, which topped a bid from automotive software makerMagna International(MGA) that had been previously approved by Veoneer’s board. Qualcomm’s bid is worth $4.6 billion, compared to the approximately $3.8 billion value of Magna’s deal. Veoneer slid 3.3% in premarket trading.\nExact Sciences – The molecular diagnostics company has approached genetic testing firmInvitae(NVTA) about a possible merger, according to people familiar with the matter who spoke to Bloomberg. The people said the two sides are not in active talks and that a seal would likely be a low-premium, all-stock transaction. Invitae surged 7.2% in the premarket while Exact Sciences fell 2%.\nDollar Tree – The discount retailer was downgraded to “hold” from “buy” at Deutsche Bank, which expressed concerns about the impact of increased freight and labor costs on profit margins. Dollar Tree lost 1.5% in premarket action.\nExxon Mobil ,Chevron – These and other energy companies are under pressure as oil prices slide following  a U.N. report on the impact of climate change. Exxon fell 1.3% in premarket trading, while Chevron was down 1.6%.\nVictoria's Secret & Co – JPMorgan Chase initiated coverage on the women’s apparel retailer with an “overweight” rating, noting its dominant market position in lingerie and nightwear and expansion opportunities in swimwear. Victoria’s Secret added 1.6% in the premarket.\nNetEase – The China-based online services company surged 2.3% in premarket trading, following a Reuters report that it has delayed a planned $1 billion Hong Kong initial public offering of its Cloud Village music streaming service. People with direct knowledge of the matter said the delay was due to volatile trading in China’s major tech companies.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890004173,"gmtCreate":1628064376492,"gmtModify":1633753924480,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Good move&nbsp;","listText":"Good move&nbsp;","text":"Good move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890004173","repostId":"1162890450","repostType":4,"isVote":1,"tweetType":1,"viewCount":3082,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890005799,"gmtCreate":1628064354011,"gmtModify":1633753924724,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"&nbsp;Wow&nbsp;Like bros&nbsp;","listText":"&nbsp;Wow&nbsp;Like bros&nbsp;","text":"Wow Like bros","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890005799","repostId":"1171220910","repostType":4,"isVote":1,"tweetType":1,"viewCount":2502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890005660,"gmtCreate":1628064325950,"gmtModify":1633753925050,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Like brothers&nbsp;","listText":"Like brothers&nbsp;","text":"Like brothers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890005660","repostId":"1135713978","repostType":4,"repost":{"id":"1135713978","kind":"news","pubTimestamp":1628056812,"share":"https://www.laohunote.com/m/news/1135713978?lang=zh_CN&edition=full","pubTime":"2021-08-04 14:00","market":"us","language":"en","title":"Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135713978","media":"MarketWatch","summary":"It’s a big, and risky, bet. Apple did something similar and had a difficult transition\n(Photo credit","content":"<p>It’s a big, and risky, bet. Apple did something similar and had a difficult transition</p><p><blockquote>这是一个很大的、有风险的赌注。苹果也做了类似的事情，经历了艰难的转变</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/729798ae4b174d85419678e03af11d00\" tg-width=\"1050\" tg-height=\"699\" width=\"100%\" height=\"auto\"><span>(Photo credit should read Alain Jocard/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：Alain Jocard/AFP via Getty Images）</span></p></blockquote></p><p> Alphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.</p><p><blockquote>Alphabet周一表示，在推出谷歌Pixel手机的新旗舰系列时，它将在内部进行芯片制造。</blockquote></p><p> The company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market&nbsp;and no real sign of that changing, does a bet like this make sense?</p><p><blockquote>该公司此举提出的问题和回答的问题一样多。也许第一个是，在美国智能手机市场仅占2%左右的情况下，这种情况没有真正改变的迹象，这样的赌注有意义吗？</blockquote></p><p> While much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.</p><p><blockquote>虽然对这一消息的大部分分析都指出，这对 AlphabetGOOG,+0.21% 来说是一个积极的步骤，但我认为这是该公司孤注一掷的尝试，目的是让其移动设备产品线表现不佳，并承担连苹果公司（AppleAAPL,+1.26%）在半导体垂直整合方面都还不愿意承担的风险。</blockquote></p><p> <b>Apple’s foreshadowing</b></p><p><blockquote><b>苹果的伏笔</b></blockquote></p><p> Apple made headlines over the past few years with its departure from Intel&nbsp;and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.</p><p><blockquote>过去几年，苹果因脱离英特尔并推出M1架构而成为头条新闻。从英特尔到基于日益流行的Arm架构的国产处理器的转变是在几年内有条不紊地完成的，以确保转变顺利进行。在很大程度上，M1 的发射没有发生重大事故，但它的批评者将是第一个指出过渡绝非完美无缺的人。</blockquote></p><p> It’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&amp;T,T-Mobile&nbsp;and others.</p><p><blockquote>还值得指出的是，苹果虽然已经整合了一些核心来处理图像传感和图形等功能，但由于为 5G 构建调制解调器-射频系统非常复杂，而正确的功能对于设备获得 Verizon、AT&amp;T、T-Mobile 等不同运营商的认证至关重要。</blockquote></p><p> For some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.</p><p><blockquote>出于某种我根本无法理解的原因，Alphabet不仅想放弃高通骁龙处理器（可以简单地认为是为手机所有功能提供动力的全套系统），还想放弃高通成熟的调制解调器射频系统，转而使用（传闻中的）三星的 Exynos，后者的市场渗透率几乎为零，而且在电源管理和运营商认证方面都遇到了问题。就连三星也在其大部分旗舰设备中使用高通的调制解调器射频系统，包括其美国旗舰设备。苹果也是。</blockquote></p><p> Returning us to the question: What in the world is Alphabet doing here, and does it make any sense?</p><p><blockquote>让我们回到这个问题：Alphabet到底在这里做什么，这有意义吗？</blockquote></p><p> <b>Vertical integration</b></p><p><blockquote><b>纵向一体化</b></blockquote></p><p> The short answer is yes, and no, but mostly no. At least for Alphabet.</p><p><blockquote>简短的回答是肯定的，也不是，但大部分是否定的。至少对Alphabet来说是这样。</blockquote></p><p> The argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.</p><p><blockquote>支持这一变化的理由归结为Alphabet的盈利能力和控制力。苹果已经证明，更深入的垂直整合可以带来利润，其仿生芯片随着每一代产品的发展而不断改进。Alphabet为人工智能 (AI) 打造了一套非常有限的定制 ASIC（专用集成电路），希望市场将其视为与苹果一样有能力进行此类举措。</blockquote></p><p> Furthermore, we have seen Amazon’s&nbsp;AWS and Alibaba&nbsp;build Arm-based solutions for their cloud offerings, and Microsoft&nbsp;has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.</p><p><blockquote>此外，我们已经看到亚马逊的 AWS 和阿里巴巴-SW为其云产品构建了基于 Arm 的解决方案，微软也被吹捧为效仿。对于数据中心来说，这似乎是有道理的，例如，AWS看到了其Graviton系列CPU和Trainium系列ML芯片的成功。看到Alphabet显着加大力度推出或进一步加强其云和人工智能产品的定制硅开发，没有人会感到惊讶。但服务器甚至笔记本电脑都不是移动设备。</blockquote></p><p> To launch the M1, Apple spent years on R&amp;D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.</p><p><blockquote>为了推出 M1，苹果花了数年时间进行研发，并进行了几项关键收购，包括 2018 年以 6 亿美元收购 Dialog Semiconductor，以增强其内部芯片制造和系统能力。在 5G 时代，它甚至收购了英特尔移动调制解调器业务的残余部分。但是，有了所有这些知识产权和投资，甚至与高通多年的法律纠纷，苹果仍然认识到高通还有一些更好的事情要做。</blockquote></p><p> Perhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.</p><p><blockquote>Alphabet几乎没有市场份额，也没有围绕其 Pixel 智能手机阵容的恶名，也许它认为 Pixel 6 系列是一场灾难并不重要。</blockquote></p><p> And perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.</p><p><blockquote>也许谷歌会让世界大吃一惊，利用其内核加上质量较低的调制解调器射频系统，以某种方式推出一款性能优于苹果、三星和其他几十家手机制造商的设备，这些制造商委托高通提供他们设备的核心。</blockquote></p><p> I doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.</p><p><blockquote>不过我对此表示怀疑，如果近十年来他们的移动设备在市场渗透率微不足道，可以作为Alphabet此举进展如何的指标，那么我认为可以在 L 专栏中写下这一点。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</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\">\nAlphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-04 14:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s a big, and risky, bet. Apple did something similar and had a difficult transition</p><p><blockquote>这是一个很大的、有风险的赌注。苹果也做了类似的事情，经历了艰难的转变</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/729798ae4b174d85419678e03af11d00\" tg-width=\"1050\" tg-height=\"699\" width=\"100%\" height=\"auto\"><span>(Photo credit should read Alain Jocard/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：Alain Jocard/AFP via Getty Images）</span></p></blockquote></p><p> Alphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.</p><p><blockquote>Alphabet周一表示，在推出谷歌Pixel手机的新旗舰系列时，它将在内部进行芯片制造。</blockquote></p><p> The company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market&nbsp;and no real sign of that changing, does a bet like this make sense?</p><p><blockquote>该公司此举提出的问题和回答的问题一样多。也许第一个是，在美国智能手机市场仅占2%左右的情况下，这种情况没有真正改变的迹象，这样的赌注有意义吗？</blockquote></p><p> While much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.</p><p><blockquote>虽然对这一消息的大部分分析都指出，这对 AlphabetGOOG,+0.21% 来说是一个积极的步骤，但我认为这是该公司孤注一掷的尝试，目的是让其移动设备产品线表现不佳，并承担连苹果公司（AppleAAPL,+1.26%）在半导体垂直整合方面都还不愿意承担的风险。</blockquote></p><p> <b>Apple’s foreshadowing</b></p><p><blockquote><b>苹果的伏笔</b></blockquote></p><p> Apple made headlines over the past few years with its departure from Intel&nbsp;and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.</p><p><blockquote>过去几年，苹果因脱离英特尔并推出M1架构而成为头条新闻。从英特尔到基于日益流行的Arm架构的国产处理器的转变是在几年内有条不紊地完成的，以确保转变顺利进行。在很大程度上，M1 的发射没有发生重大事故，但它的批评者将是第一个指出过渡绝非完美无缺的人。</blockquote></p><p> It’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&amp;T,T-Mobile&nbsp;and others.</p><p><blockquote>还值得指出的是，苹果虽然已经整合了一些核心来处理图像传感和图形等功能，但由于为 5G 构建调制解调器-射频系统非常复杂，而正确的功能对于设备获得 Verizon、AT&amp;T、T-Mobile 等不同运营商的认证至关重要。</blockquote></p><p> For some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.</p><p><blockquote>出于某种我根本无法理解的原因，Alphabet不仅想放弃高通骁龙处理器（可以简单地认为是为手机所有功能提供动力的全套系统），还想放弃高通成熟的调制解调器射频系统，转而使用（传闻中的）三星的 Exynos，后者的市场渗透率几乎为零，而且在电源管理和运营商认证方面都遇到了问题。就连三星也在其大部分旗舰设备中使用高通的调制解调器射频系统，包括其美国旗舰设备。苹果也是。</blockquote></p><p> Returning us to the question: What in the world is Alphabet doing here, and does it make any sense?</p><p><blockquote>让我们回到这个问题：Alphabet到底在这里做什么，这有意义吗？</blockquote></p><p> <b>Vertical integration</b></p><p><blockquote><b>纵向一体化</b></blockquote></p><p> The short answer is yes, and no, but mostly no. At least for Alphabet.</p><p><blockquote>简短的回答是肯定的，也不是，但大部分是否定的。至少对Alphabet来说是这样。</blockquote></p><p> The argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.</p><p><blockquote>支持这一变化的理由归结为Alphabet的盈利能力和控制力。苹果已经证明，更深入的垂直整合可以带来利润，其仿生芯片随着每一代产品的发展而不断改进。Alphabet为人工智能 (AI) 打造了一套非常有限的定制 ASIC（专用集成电路），希望市场将其视为与苹果一样有能力进行此类举措。</blockquote></p><p> Furthermore, we have seen Amazon’s&nbsp;AWS and Alibaba&nbsp;build Arm-based solutions for their cloud offerings, and Microsoft&nbsp;has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.</p><p><blockquote>此外，我们已经看到亚马逊的 AWS 和阿里巴巴-SW为其云产品构建了基于 Arm 的解决方案，微软也被吹捧为效仿。对于数据中心来说，这似乎是有道理的，例如，AWS看到了其Graviton系列CPU和Trainium系列ML芯片的成功。看到Alphabet显着加大力度推出或进一步加强其云和人工智能产品的定制硅开发，没有人会感到惊讶。但服务器甚至笔记本电脑都不是移动设备。</blockquote></p><p> To launch the M1, Apple spent years on R&amp;D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.</p><p><blockquote>为了推出 M1，苹果花了数年时间进行研发，并进行了几项关键收购，包括 2018 年以 6 亿美元收购 Dialog Semiconductor，以增强其内部芯片制造和系统能力。在 5G 时代，它甚至收购了英特尔移动调制解调器业务的残余部分。但是，有了所有这些知识产权和投资，甚至与高通多年的法律纠纷，苹果仍然认识到高通还有一些更好的事情要做。</blockquote></p><p> Perhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.</p><p><blockquote>Alphabet几乎没有市场份额，也没有围绕其 Pixel 智能手机阵容的恶名，也许它认为 Pixel 6 系列是一场灾难并不重要。</blockquote></p><p> And perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.</p><p><blockquote>也许谷歌会让世界大吃一惊，利用其内核加上质量较低的调制解调器射频系统，以某种方式推出一款性能优于苹果、三星和其他几十家手机制造商的设备，这些制造商委托高通提供他们设备的核心。</blockquote></p><p> I doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.</p><p><blockquote>不过我对此表示怀疑，如果近十年来他们的移动设备在市场渗透率微不足道，可以作为Alphabet此举进展如何的指标，那么我认为可以在 L 专栏中写下这一点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/alphabet-wants-to-make-its-own-smartphone-chips-what-in-the-world-is-the-company-thinking-11628003771?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.marketwatch.com/story/alphabet-wants-to-make-its-own-smartphone-chips-what-in-the-world-is-the-company-thinking-11628003771?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135713978","content_text":"It’s a big, and risky, bet. Apple did something similar and had a difficult transition\n(Photo credit should read Alain Jocard/AFP via Getty Images)\nAlphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.\nThe company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market and no real sign of that changing, does a bet like this make sense?\nWhile much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.\nApple’s foreshadowing\nApple made headlines over the past few years with its departure from Intel and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.\nIt’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&T,T-Mobile and others.\nFor some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.\nReturning us to the question: What in the world is Alphabet doing here, and does it make any sense?\nVertical integration\nThe short answer is yes, and no, but mostly no. At least for Alphabet.\nThe argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.\nFurthermore, we have seen Amazon’s AWS and Alibaba build Arm-based solutions for their cloud offerings, and Microsoft has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.\nTo launch the M1, Apple spent years on R&D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.\nPerhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.\nAnd perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.\nI doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":2358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890005114,"gmtCreate":1628064311738,"gmtModify":1633753925171,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Wow this is big step&nbsp;","listText":"Wow this is big step&nbsp;","text":"Wow this is big step","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890005114","repostId":"1135713978","repostType":4,"repost":{"id":"1135713978","kind":"news","pubTimestamp":1628056812,"share":"https://www.laohunote.com/m/news/1135713978?lang=zh_CN&edition=full","pubTime":"2021-08-04 14:00","market":"us","language":"en","title":"Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135713978","media":"MarketWatch","summary":"It’s a big, and risky, bet. Apple did something similar and had a difficult transition\n(Photo credit","content":"<p>It’s a big, and risky, bet. Apple did something similar and had a difficult transition</p><p><blockquote>这是一个很大的、有风险的赌注。苹果也做了类似的事情，经历了艰难的转变</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/729798ae4b174d85419678e03af11d00\" tg-width=\"1050\" tg-height=\"699\" width=\"100%\" height=\"auto\"><span>(Photo credit should read Alain Jocard/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：Alain Jocard/AFP via Getty Images）</span></p></blockquote></p><p> Alphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.</p><p><blockquote>Alphabet周一表示，在推出谷歌Pixel手机的新旗舰系列时，它将在内部进行芯片制造。</blockquote></p><p> The company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market&nbsp;and no real sign of that changing, does a bet like this make sense?</p><p><blockquote>该公司此举提出的问题和回答的问题一样多。也许第一个是，在美国智能手机市场仅占2%左右的情况下，这种情况没有真正改变的迹象，这样的赌注有意义吗？</blockquote></p><p> While much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.</p><p><blockquote>虽然对这一消息的大部分分析都指出，这对 AlphabetGOOG,+0.21% 来说是一个积极的步骤，但我认为这是该公司孤注一掷的尝试，目的是让其移动设备产品线表现不佳，并承担连苹果公司（AppleAAPL,+1.26%）在半导体垂直整合方面都还不愿意承担的风险。</blockquote></p><p> <b>Apple’s foreshadowing</b></p><p><blockquote><b>苹果的伏笔</b></blockquote></p><p> Apple made headlines over the past few years with its departure from Intel&nbsp;and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.</p><p><blockquote>过去几年，苹果因脱离英特尔并推出M1架构而成为头条新闻。从英特尔到基于日益流行的Arm架构的国产处理器的转变是在几年内有条不紊地完成的，以确保转变顺利进行。在很大程度上，M1 的发射没有发生重大事故，但它的批评者将是第一个指出过渡绝非完美无缺的人。</blockquote></p><p> It’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&amp;T,T-Mobile&nbsp;and others.</p><p><blockquote>还值得指出的是，苹果虽然已经整合了一些核心来处理图像传感和图形等功能，但由于为 5G 构建调制解调器-射频系统非常复杂，而正确的功能对于设备获得 Verizon、AT&amp;T、T-Mobile 等不同运营商的认证至关重要。</blockquote></p><p> For some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.</p><p><blockquote>出于某种我根本无法理解的原因，Alphabet不仅想放弃高通骁龙处理器（可以简单地认为是为手机所有功能提供动力的全套系统），还想放弃高通成熟的调制解调器射频系统，转而使用（传闻中的）三星的 Exynos，后者的市场渗透率几乎为零，而且在电源管理和运营商认证方面都遇到了问题。就连三星也在其大部分旗舰设备中使用高通的调制解调器射频系统，包括其美国旗舰设备。苹果也是。</blockquote></p><p> Returning us to the question: What in the world is Alphabet doing here, and does it make any sense?</p><p><blockquote>让我们回到这个问题：Alphabet到底在这里做什么，这有意义吗？</blockquote></p><p> <b>Vertical integration</b></p><p><blockquote><b>纵向一体化</b></blockquote></p><p> The short answer is yes, and no, but mostly no. At least for Alphabet.</p><p><blockquote>简短的回答是肯定的，也不是，但大部分是否定的。至少对Alphabet来说是这样。</blockquote></p><p> The argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.</p><p><blockquote>支持这一变化的理由归结为Alphabet的盈利能力和控制力。苹果已经证明，更深入的垂直整合可以带来利润，其仿生芯片随着每一代产品的发展而不断改进。Alphabet为人工智能 (AI) 打造了一套非常有限的定制 ASIC（专用集成电路），希望市场将其视为与苹果一样有能力进行此类举措。</blockquote></p><p> Furthermore, we have seen Amazon’s&nbsp;AWS and Alibaba&nbsp;build Arm-based solutions for their cloud offerings, and Microsoft&nbsp;has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.</p><p><blockquote>此外，我们已经看到亚马逊的 AWS 和阿里巴巴-SW为其云产品构建了基于 Arm 的解决方案，微软也被吹捧为效仿。对于数据中心来说，这似乎是有道理的，例如，AWS看到了其Graviton系列CPU和Trainium系列ML芯片的成功。看到Alphabet显着加大力度推出或进一步加强其云和人工智能产品的定制硅开发，没有人会感到惊讶。但服务器甚至笔记本电脑都不是移动设备。</blockquote></p><p> To launch the M1, Apple spent years on R&amp;D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.</p><p><blockquote>为了推出 M1，苹果花了数年时间进行研发，并进行了几项关键收购，包括 2018 年以 6 亿美元收购 Dialog Semiconductor，以增强其内部芯片制造和系统能力。在 5G 时代，它甚至收购了英特尔移动调制解调器业务的残余部分。但是，有了所有这些知识产权和投资，甚至与高通多年的法律纠纷，苹果仍然认识到高通还有一些更好的事情要做。</blockquote></p><p> Perhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.</p><p><blockquote>Alphabet几乎没有市场份额，也没有围绕其 Pixel 智能手机阵容的恶名，也许它认为 Pixel 6 系列是一场灾难并不重要。</blockquote></p><p> And perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.</p><p><blockquote>也许谷歌会让世界大吃一惊，利用其内核加上质量较低的调制解调器射频系统，以某种方式推出一款性能优于苹果、三星和其他几十家手机制造商的设备，这些制造商委托高通提供他们设备的核心。</blockquote></p><p> I doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.</p><p><blockquote>不过我对此表示怀疑，如果近十年来他们的移动设备在市场渗透率微不足道，可以作为Alphabet此举进展如何的指标，那么我认为可以在 L 专栏中写下这一点。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</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\">\nAlphabet wants to make its own smartphone chips — what in the world is the company thinking?<blockquote>Alphabet想制造自己的智能手机芯片——该公司到底在想什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-04 14:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s a big, and risky, bet. Apple did something similar and had a difficult transition</p><p><blockquote>这是一个很大的、有风险的赌注。苹果也做了类似的事情，经历了艰难的转变</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/729798ae4b174d85419678e03af11d00\" tg-width=\"1050\" tg-height=\"699\" width=\"100%\" height=\"auto\"><span>(Photo credit should read Alain Jocard/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（图片来源：Alain Jocard/AFP via Getty Images）</span></p></blockquote></p><p> Alphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.</p><p><blockquote>Alphabet周一表示，在推出谷歌Pixel手机的新旗舰系列时，它将在内部进行芯片制造。</blockquote></p><p> The company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market&nbsp;and no real sign of that changing, does a bet like this make sense?</p><p><blockquote>该公司此举提出的问题和回答的问题一样多。也许第一个是，在美国智能手机市场仅占2%左右的情况下，这种情况没有真正改变的迹象，这样的赌注有意义吗？</blockquote></p><p> While much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.</p><p><blockquote>虽然对这一消息的大部分分析都指出，这对 AlphabetGOOG,+0.21% 来说是一个积极的步骤，但我认为这是该公司孤注一掷的尝试，目的是让其移动设备产品线表现不佳，并承担连苹果公司（AppleAAPL,+1.26%）在半导体垂直整合方面都还不愿意承担的风险。</blockquote></p><p> <b>Apple’s foreshadowing</b></p><p><blockquote><b>苹果的伏笔</b></blockquote></p><p> Apple made headlines over the past few years with its departure from Intel&nbsp;and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.</p><p><blockquote>过去几年，苹果因脱离英特尔并推出M1架构而成为头条新闻。从英特尔到基于日益流行的Arm架构的国产处理器的转变是在几年内有条不紊地完成的，以确保转变顺利进行。在很大程度上，M1 的发射没有发生重大事故，但它的批评者将是第一个指出过渡绝非完美无缺的人。</blockquote></p><p> It’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&amp;T,T-Mobile&nbsp;and others.</p><p><blockquote>还值得指出的是，苹果虽然已经整合了一些核心来处理图像传感和图形等功能，但由于为 5G 构建调制解调器-射频系统非常复杂，而正确的功能对于设备获得 Verizon、AT&amp;T、T-Mobile 等不同运营商的认证至关重要。</blockquote></p><p> For some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.</p><p><blockquote>出于某种我根本无法理解的原因，Alphabet不仅想放弃高通骁龙处理器（可以简单地认为是为手机所有功能提供动力的全套系统），还想放弃高通成熟的调制解调器射频系统，转而使用（传闻中的）三星的 Exynos，后者的市场渗透率几乎为零，而且在电源管理和运营商认证方面都遇到了问题。就连三星也在其大部分旗舰设备中使用高通的调制解调器射频系统，包括其美国旗舰设备。苹果也是。</blockquote></p><p> Returning us to the question: What in the world is Alphabet doing here, and does it make any sense?</p><p><blockquote>让我们回到这个问题：Alphabet到底在这里做什么，这有意义吗？</blockquote></p><p> <b>Vertical integration</b></p><p><blockquote><b>纵向一体化</b></blockquote></p><p> The short answer is yes, and no, but mostly no. At least for Alphabet.</p><p><blockquote>简短的回答是肯定的，也不是，但大部分是否定的。至少对Alphabet来说是这样。</blockquote></p><p> The argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.</p><p><blockquote>支持这一变化的理由归结为Alphabet的盈利能力和控制力。苹果已经证明，更深入的垂直整合可以带来利润，其仿生芯片随着每一代产品的发展而不断改进。Alphabet为人工智能 (AI) 打造了一套非常有限的定制 ASIC（专用集成电路），希望市场将其视为与苹果一样有能力进行此类举措。</blockquote></p><p> Furthermore, we have seen Amazon’s&nbsp;AWS and Alibaba&nbsp;build Arm-based solutions for their cloud offerings, and Microsoft&nbsp;has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.</p><p><blockquote>此外，我们已经看到亚马逊的 AWS 和阿里巴巴-SW为其云产品构建了基于 Arm 的解决方案，微软也被吹捧为效仿。对于数据中心来说，这似乎是有道理的，例如，AWS看到了其Graviton系列CPU和Trainium系列ML芯片的成功。看到Alphabet显着加大力度推出或进一步加强其云和人工智能产品的定制硅开发，没有人会感到惊讶。但服务器甚至笔记本电脑都不是移动设备。</blockquote></p><p> To launch the M1, Apple spent years on R&amp;D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.</p><p><blockquote>为了推出 M1，苹果花了数年时间进行研发，并进行了几项关键收购，包括 2018 年以 6 亿美元收购 Dialog Semiconductor，以增强其内部芯片制造和系统能力。在 5G 时代，它甚至收购了英特尔移动调制解调器业务的残余部分。但是，有了所有这些知识产权和投资，甚至与高通多年的法律纠纷，苹果仍然认识到高通还有一些更好的事情要做。</blockquote></p><p> Perhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.</p><p><blockquote>Alphabet几乎没有市场份额，也没有围绕其 Pixel 智能手机阵容的恶名，也许它认为 Pixel 6 系列是一场灾难并不重要。</blockquote></p><p> And perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.</p><p><blockquote>也许谷歌会让世界大吃一惊，利用其内核加上质量较低的调制解调器射频系统，以某种方式推出一款性能优于苹果、三星和其他几十家手机制造商的设备，这些制造商委托高通提供他们设备的核心。</blockquote></p><p> I doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.</p><p><blockquote>不过我对此表示怀疑，如果近十年来他们的移动设备在市场渗透率微不足道，可以作为Alphabet此举进展如何的指标，那么我认为可以在 L 专栏中写下这一点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/alphabet-wants-to-make-its-own-smartphone-chips-what-in-the-world-is-the-company-thinking-11628003771?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.marketwatch.com/story/alphabet-wants-to-make-its-own-smartphone-chips-what-in-the-world-is-the-company-thinking-11628003771?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135713978","content_text":"It’s a big, and risky, bet. Apple did something similar and had a difficult transition\n(Photo credit should read Alain Jocard/AFP via Getty Images)\nAlphabet said Monday it will take its silicon building in-house when it launches a new flagship line of Google Pixel phones.\nThe company’s move creates as many questions as it does answers. Perhaps the first being,with only about 2% of the U.S. smartphone market and no real sign of that changing, does a bet like this make sense?\nWhile much of the analysis of this news pointed to it as a positive step for AlphabetGOOG,+0.21%,I interpreted it as a desperate attempt for the company to make headlines about its poor-performing line of mobile devices and to do so by taking a risk that even AppleAAPL,+1.26%isn’t yet willing to take when it comes to its vertical integration into semiconductors.\nApple’s foreshadowing\nApple made headlines over the past few years with its departure from Intel and the introduction of its M1 architecture. This transition from Intel to homegrown processors built on the increasingly popular Arm architecture was done methodically over several years to ensure that the change would go smoothly. For the most part, the M1 launched without significant incident, but its critics would be the first to point out that the transition was anything but flawless.\nIt’s also worth pointing out that Apple, while it has incorporated a number of its cores to handle capabilities like image sensing and graphics, has left the modem and radio, oft-referred to as RFFE, to Qualcomm,due to the complexity of building a modem-RF system for 5G, which is incredibly complicated and proper function is imperative to get devices certified by different carriers like Verizon,AT&T,T-Mobile and others.\nFor some reason that I simply cannot understand, Alphabet wants to abandon not only the Qualcomm Snapdragon, which most simply can be considered the full set of systems to power all the phones features, and ditch it for its own set of cores, but allegedly also abandon Qualcomm’s proven modem-RF system to use (rumored) Samsung’s Exynos, which has almost zero market penetration and has run into issues with power management and carrier certification. Even Samsung uses Qualcomm’s modem-RF system for large portions of its flagship devices, including its U.S. flagship devices. Apple does as well.\nReturning us to the question: What in the world is Alphabet doing here, and does it make any sense?\nVertical integration\nThe short answer is yes, and no, but mostly no. At least for Alphabet.\nThe argument to favor this change comes down to profitability and control for Alphabet. Apple has proven that deeper vertical integration can be lucrative, and its Bionic chips have continued to improve with each generation. Alphabet, which has built a very limited set of custom ASICs (application specific integrated circuits) for artificial intelligence (AI), wants the market to see it as every bit as capable of this type of move as Apple.\nFurthermore, we have seen Amazon’s AWS and Alibaba build Arm-based solutions for their cloud offerings, and Microsoft has also been touted to be following suit. For the data center, this seems to make sense, with AWS, for instance, seeing success from its Graviton line of CPUs and Trainium series of ML chips. No one would be surprised to see Alphabet significantly increase its efforts to launch or further enhance custom silicon development for its cloud and AI offerings. But servers, and even notebooks, aren’t mobile devices.\nTo launch the M1, Apple spent years on R&D and made several key acquisitions, including Dialog Semiconductor in 2018 for $600 million to add to its internal chipmaking and systems capabilities. It even acquired the remnants of Intel’s mobile modem business upon deciding to move away from Intel on the horizon of 5G. But, with all of that IP, and investment in tow, and even a multi-year legal feud with Qualcomm, Apple still recognized there were some things better left to be done by Qualcomm.\nPerhaps Alphabet figures with almost no market share and no notoriety around its Pixel smartphone lineup that it doesn’t matter if the Pixel 6 series is a disaster.\nAnd perhaps Google will surprise the world by using its cores plus a lesser-quality modem-RF system to somehow put out a device that will outperform Apple, Samsung and dozens of other handset makers that have entrusted Qualcomm to provide the guts of their devices.\nI doubt it, though, and if nearly a decade of insignificant market penetration with their mobile devices serves as an indicator of how well this move will go for Alphabet, I think it’s safe to chalk this up in the L column.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":4052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804819017,"gmtCreate":1627949307239,"gmtModify":1633755045818,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804819017","repostId":"2156117308","repostType":4,"isVote":1,"tweetType":1,"viewCount":3123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804891598,"gmtCreate":1627948736314,"gmtModify":1633755062137,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"That’s real bad&nbsp;Please like my comment brothers&nbsp;","listText":"That’s real bad&nbsp;Please like my comment brothers&nbsp;","text":"That’s real bad Please like my comment brothers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804891598","repostId":"2156114224","repostType":4,"isVote":1,"tweetType":1,"viewCount":3212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804890676,"gmtCreate":1627948630995,"gmtModify":1633755065349,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Amazing&nbsp;","listText":"Amazing&nbsp;","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804890676","repostId":"1155521665","repostType":4,"repost":{"id":"1155521665","kind":"news","pubTimestamp":1627948320,"share":"https://www.laohunote.com/m/news/1155521665?lang=zh_CN&edition=full","pubTime":"2021-08-03 07:52","market":"us","language":"en","title":"Corporate Margins Set To Tumble As Companies Freak Out About Surge In \"Bad Inflation\"<blockquote>由于企业对“糟糕的通胀”激增感到恐慌，企业利润率将暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155521665","media":"zerohedge","summary":"First the good news: according to Bank of America's earnings tracker, Q2 earnings season is already ","content":"<p>First the good news: according to Bank of America's earnings tracker, Q2 earnings season is already <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the strongest in history (as one would expect following trillions in fiscal and monetary stimulus and comping off the catastrophic Q2 of 2020 when covid shut down the economy), and following the busiest earnings week of 2Q, 296 S&amp;P 500 companies (76% of index earnings) have reported. 2Q EPS is now tracking a 13% beat or $51.12, topping BofA's estimate of $50 or an 11% beat; and far above the historical average since the start of earnings season.</p><p><blockquote>首先是好消息：根据美国银行的盈利追踪器，第二季度财报季已经开始<a href=\"https://laohu8.com/S/AONE.U\">一</a>历史上最强劲的公司之一（正如人们所预期的那样，在数万亿美元的财政和货币刺激措施以及弥补 2020 年第二季度新冠疫情导致经济关闭的灾难性灾难之后），以及在第二季度最繁忙的财报周之后，296 家标普500公司（占指数收益的 76%）已报告。第二季度每股收益目前超出 13%，即 51.12 美元，超过美国银行预期的 50 美元，即超出 11%；远高于财报季开始以来的历史平均水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0716a10a73647f8d7215368a92b625a\" tg-width=\"500\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> To avoid the skewed 2020 data and doing a two-year lookback, 2Q is now expected to be +83% YoY or +24% vs. 2Q19, vs. last quarter’s 25% 2-yr growth rate. Financials, Communication Services, and Consumer Discretionary led the EPS beat, while revenues are also coming in red hot and tracking a 3% beat, led by Energy.</p><p><blockquote>为了避免 2020 年的数据出现偏差，并进行两年回顾，目前预计第二季度同比增长 83%，与 2019 年第二季度相比增长 24%，而上一季度的两年增长率为 25%。金融、通信服务和非必需消费品引领每股收益增长，而收入也火热，在能源的带领下增长了 3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98d74a1ff25d94d2f21cb76c7a0feeb4\" tg-width=\"500\" tg-height=\"219\" referrerpolicy=\"no-referrer\">More importantly, the proportion of beats also remained strong: 83%/85%/74% of companies beat on EPS/sales/both, representing the best proportion of beats in history (since 2011).</p><p><blockquote>更重要的是，击败的比例也保持强劲：83%/85%/74%的公司在每股收益/销售额/两者上击败，代表了历史上（自2011年以来）最好的击败比例。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/52a434c5a68c9f21dc2194bf17ec5968\" tg-width=\"500\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Looking at the top line, analysts now expect 2Q sales to rise 21% YoY, vs. 14% YoY last quarter. Energy is expected to lead (+102%), while Financials are forecast to be the biggest drag (-4%). Here, BofA estimates that FX tailwinds thanks to a weaker dollar added about 3% to YoY sales growth (Exhibit 4), representing the biggest benefit since 2011. Excluding FX/oil impacts, constant-currency sales growth for the S&amp;P 500 ex. Fins. &amp; Energy is expected to be +15% YoY (Exhibit 5), accelerating from the 13% growth last quarter.</p><p><blockquote>从营收来看，分析师目前预计第二季度销售额将同比增长 21%，而上一季度同比增长 14%。能源预计将领先（+102%），而金融预计将成为最大的拖累（-4%）。在这里，美国银行估计，美元走软带来的外汇利好使同比销售增长增加了约3%（图表4），这是自2011年以来的最大收益。排除外汇/石油影响，标普500 ex的固定货币销售增长。芬斯。能源预计同比增长 15%（图表 5），较上季度 13% 的增长率有所加快。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a083b38acb227f2d401ebf396c3c322\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> What is more surprising is that in a quarter when many predicted margins would be hit by surging input costs, not only was that not the case but&nbsp;<b>companies once again posted skyhigh margins, with 2Q net margins (ex-Financials) jumping to a new high at 13.0%, topping last quarter’s 12.5%.</b>&nbsp;This was consistent with BofA's Corporate Misery Indicator, which rose to a record high (“least miserable”) in 2Q, indicating&nbsp;<b>it was among the most favorable macro environment for corporate margins in history since 1978!</b></p><p><blockquote>更令人惊讶的是，在一个季度，许多预测的利润率将受到投入成本飙升的打击，但情况不仅并非如此，而且<b>公司再次公布了天价利润率，第二季度净利润率（不含财务利润率）跃升至 13.0% 的新高，超过了上一季度的 12.5%。</b>这与美国银行的企业悲惨指数一致，该指数在第二季度升至历史新高（“最不悲惨”），表明<b>这是自1978年以来历史上对企业利润率最有利的宏观环境之一!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/aaf7e16f03f8f1610b1948ada2c2ce75\" tg-width=\"500\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> How is this possible in a time when numerous commodity prices have hit never before seen levels? Simple: companies have experienced virtually no pushback to rising prices as most Americans can easily absorb the rampant inflation. Indeed, as IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Chief Economist Chris Williamsoncommented in todaythis is \"<b>perhaps the strongest sellers’ market that we’ve seen since the survey began in 2007</b>,<b>with suppliers hiking prices for inputs into factories at the steepest rate yet recorded and manufacturers able to raise their selling prices to an unprecedented extent, as both suppliers and producers often encounter little price resistance from customers.</b>\" It remains to be seen just how long such a \"seller's market\" will be the norm, although we expect it to reverse quite painfully once government handouts end.</p><p><blockquote>在许多大宗商品价格达到前所未有的水平的时候，这怎么可能呢？很简单：公司几乎没有遇到价格上涨的阻力，因为大多数美国人可以轻松地消化猖獗的通货膨胀。事实上，作为IHS<a href=\"https://laohu8.com/S/MRKT\">市场</a>首席经济学家克里斯·威廉姆森在《今日》杂志上评论道：“<b>这可能是自 2007 年开始调查以来我们见过的最强劲的卖方市场。</b>,<b>随着供应商以有史以来最高的速度提高工厂投入品的价格，制造商能够将销售价格提高到前所未有的程度，因为供应商和生产商通常很少遇到客户的价格阻力。</b>“这种“卖方市场”会成为常态多久还有待观察，尽管我们预计，一旦政府发放结束，这种情况将发生相当痛苦的逆转。</blockquote></p><p> In any case, that was the good news:&nbsp;<b>now the bad</b>and that was summarized best by BofA's Savita Subramanian who wrote that&nbsp;<b>\"we are starting to see the good inflation environment turning into a bad inflation environment with many companies citing accelerating cost inflation, particularly around wages.\"</b></p><p><blockquote>无论如何，这是个好消息：<b>现在坏的</b>美国银行的萨维塔·苏布拉马尼亚 (Savita Subramanian) 对此进行了最好的总结，她写道<b>“我们开始看到良好的通胀环境变成了糟糕的通胀环境，许多公司都提到成本通胀加速，尤其是在工资方面。”</b></blockquote></p><p> Indeed, as shown in the chart above, consensus margin expectations for 2H reflect this risk, with margins forecast to moderate to 12.6 % in 3Q and 12.5% in 4Q. But if cost pressure continues to accelerate, we could see more downside risk in 2H margins.</p><p><blockquote>事实上，如上图所示，2H 的普遍利润率预期反映了这种风险，第三季度的利润率预测将放缓至 12.6%，第四季度为 12.5%。但如果成本压力继续加剧，我们可能会在 2H 利润率中看到更多下行风险。</blockquote></p><p> And nobody captures this risk better than companies themselves: according to word counts of corporate earnings transcripts by BofA's Predictive Analytics team, mentions of “inflation” on 2Q earnings calls topped 1Q levels and jumped to a record high, based on BofA's Predictive Analytics team’s analysis.&nbsp;<b>On a YoY basis, inflation mentions rose nearly 1100% YoY, outpacing the 900% increase we saw last quarter.</b></p><p><blockquote>没有人比公司本身更能捕捉到这种风险： 根据美国银行预测分析团队对企业收益成绩单的字数，根据美国银行预测分析团队的分析，第二季度收益评级中提及 “通货膨胀 ”的次数超过了第一季度的水平，并跃升至历史新高。<b>按年计算，通胀提及量同比增长近 1100%，超过了上季度 900% 的增幅。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/42b5b77e1ca11db2481ecccefbc904da\" tg-width=\"500\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Notably, labor-related mentions - i.e., discussion of rising wages - rose the most among inflation categories BofA tracks in 2Q, up 155% YoY. This compares to last quarter when labor-related mentions rose the least (+12% YoY), pointing to soaring wage pressure, and is why BofA remains cautious on labor-intensive Consumer Discretionary and Industrials.</p><p><blockquote>值得注意的是，与劳工相关的提及——即关于工资上涨的讨论——在美国银行第二季度跟踪的通胀类别中增幅最大，同比增长155%。相比之下，上一季度与劳动力相关的提及增幅最小（同比+12%），表明工资压力飙升，这也是美国银行对劳动密集型非必需消费品和工业产品保持谨慎的原因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9235c28e23278de9e719e21da1cf0a78\" tg-width=\"500\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, supply-chain related mentions also more than doubled YoY (+106% vs. +17% YoY in 1Q). Both supply chain and labor related mentions rose to record highs in BofA data history since 2004.</p><p><blockquote>与此同时，与供应链相关的提及也同比增长了一倍多（第一季度同比增长 106%，而第一季度同比增长 17%）。自 2004 年以来，供应链和劳动力相关提及量均升至美国银行数据历史上的历史新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e01d32803023d4595f677af9258eddb\" tg-width=\"500\" tg-height=\"234\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> And before we dig through the actual earnings transcripts, we leave the most ominous finding for last: using earnings calls transcripts, BofA calculated sentiment for S&amp;P500 companies that have reported this earnings season (it used Loughran McDonald's financial dictionary to calculate sentiment scores.) Overall, BofA found that corporate sentiment dipped from a record high, indicating peak corporate sentiment amid inflation concerns and rising cases of the Delta variant.</p><p><blockquote>在我们深入研究实际的收益记录之前，我们将最不祥的发现留到最后：美国银行使用收益评级记录计算了本财报季报告的标准普尔 500 指数公司的情绪（它使用 Loughran McDonald 的金融词典来计算情绪分数）。总体而言，美国银行发现企业情绪从历史高位回落，表明在通胀担忧和 Delta 变体病例增加的情况下，企业情绪达到顶峰。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1fc45084868c36d4b2e90838ee476b4e\" tg-width=\"500\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, companies mentions of business condition (ratio of mentions of “better” or “stronger” vs. “worse” or “weaker”)&nbsp;<b>indicate weaker business conditions vs. the peak level last quarter</b>. Mentions of optimism also declined from the peak levels in the prior two quarters.</p><p><blockquote>同样，公司对业务状况的提及（“更好”或“更强”与“更差”或“更弱”的提及比例）<b>与上季度的峰值水平相比，表明商业状况较弱</b>乐观情绪的提及也从前两个季度的峰值水平有所下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d3ca73d0965ee396ac65e72bbcccaed3\" tg-width=\"500\" tg-height=\"218\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> To summarize: yes, Q2 earnings were a huge beat and margins were a record high... but it's all downhill from here as the \"bad inflation\" (to companies, and very good inflation to workers) is about to roll down the income statement, resulting in sharply lower margins and deteriorating earnings. And insiders know this well, which is why corporate sentiment has already rolled over and is down despite a true earnings bonanza, and is also why corporation optimism has moved sharply lower, a move which will accelerate to the downside as soon as margins are hit by surging wages and as soon companies can no longer pass through sharply higher input prices.</p><p><blockquote>总结一下：是的，第二季度盈利大幅增长，利润率创历史新高……但从现在开始，一切都在走下坡路，因为“糟糕的通胀”（对公司来说是糟糕的通胀，对工人来说是非常好的通胀）即将拉低损益表，导致利润率急剧下降和盈利恶化。业内人士很清楚这一点，这就是为什么尽管盈利确实丰厚，但企业情绪已经转向并下降，也是为什么企业乐观情绪大幅下降，一旦利润率受到工资飙升的打击，一旦企业无法再承受大幅上涨的投入价格，这一举动就会加速下行。</blockquote></p><p> <i>Finally, courtesy of BofA, here is a snapshot of what some of the most notable companies just said about inflation, bad or otherwise:</i></p><p><blockquote><i>最后，由美国银行提供，以下是一些最著名的公司刚刚对通胀发表的言论的快照，无论是坏的还是其他的：</i></blockquote></p><p> <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> </b><b>(Discretionary)</b>: “The other thing is wage pressure has become evident. We've talked about this a bit. The wage increase that we normally would do in October we pulled forward into May. We're spending a lot of money on signing and incentives. And while we have very good staffing levels, it's not without cost. It's a very competitive labor market out there and certainly the biggest contributor to inflationary pressures that we're seeing in the business.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b><b>（酌情）</b>: “另一件事是工资压力已经显现。我们已经讨论过这个问题。我们通常在 10 月份加薪，但我们提前到了 5 月份。我们在签约和激励措施上花了很多钱。虽然我们的人员配备水平非常好，但这并非没有代价。这是一个竞争非常激烈的劳动力市场，当然也是我们在这个行业看到的通胀压力的最大因素。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NWL\">Newell</a></b> <b>(Discretionary):</b>&nbsp;“We expect Q3 to be the peak quarter for inflation pressure, which will significantly weigh on the company's margin performance.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NWL\">纽维尔</a></b><b>（酌情）：</b>“我们预计第三季度将是通胀压力的高峰季度，这将严重影响公司的利润率表现。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ITW\">Illinois Tool</a> </b><b>(Industrials):</b>&nbsp;“We continue to expect price/cost impact to be EPS-neutral or better for the year. […] We continue to experience raw material cost increases, particularly in categories such as steel, resins and chemicals and now project raw material cost inflation at around 7% for the full year which is almost 5 percentage points higher than what we anticipated as the year began. And just for some perspective, this is roughly 2x what we experienced in the 2018 inflation/tariff cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ITW\">伊利诺伊工具</a></b><b>（工业）：</b>“我们继续预计今年的价格/成本影响将为每股收益中性或更好。[...] 我们的原材料成本继续上涨，尤其是在钢铁、树脂和化学品等类别，目前预计全年原材料成本通胀率约为 7%，比我们年初时的预期高出近 5 个百分点。从某种角度来看，这大约是2018年通胀/关税周期的两倍。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CHD\">Church &amp; Dwight</a></b> <b>(Staples):</b>&nbsp;“We now expect full year gross margin to be down 75 basis points. This represents an incremental impact from our last guidance due to broad-based inflation on raw materials and transportation costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CHD\">丘奇&amp;德怀特</a></b><b>（订书钉）：</b>“我们现在预计全年毛利率将下降 75 个基点。由于原材料和运输成本的广泛通胀，这代表了我们上次指导的增量影响”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IP\">International Paper</a> </b><b>(Materials):</b>&nbsp;“We do expect further input cost inflation in the third quarter with substantial pressure on OCC and transportation costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IP\">国际纸业</a></b><b>（材料）：</b>“我们预计第三季度投入成本将进一步上涨，OCC 和运输成本将面临巨大压力”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/HSY\">Hershey</a></b> <b>(Consumer Discretionary):</b>&nbsp;“In the second half of the year, we expect increased packaging and freight costs to continue. We also expect labor costs to remain elevated as higher levels of marketplace attrition contribute to more overtime and accelerated hiring to keep pace with demand. While we expect more price realization in the second half versus the first half, we also expect less sales volume benefits... And then in addition, I think labor rates in general and labor availability in general are a pressure point beyond just volume. The market for labor is challenging. And so just like everyone, we want to make sure we are staying ahead of the curve on hiring, making sure our value proposition at our plants is attractive. And packaging inflation similar, packaging inflation we touched on a little bit on the last call. It's still a pressure point. I think we're still optimistic we're going to see that moderate as we go forward, but we haven't seen it yet. And so, it is a combination of those transitory costs on the back of the higher volume and a few things that are a little bit [stickier] here as we look across the balance of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HSY\">好时</a></b><b>（非必需消费品）：</b>“下半年，我们预计包装和运输成本将继续上涨。我们还预计劳动力成本将居高不下，因为市场流失加剧导致加班时间增加，招聘速度加快，以满足需求。虽然我们预计下半年的价格实现幅度将高于上半年，但我们也预计销量收益将减少....此外，我认为总体劳动力率和总体劳动力可用性是一个不仅仅是数量的压力点。劳动力市场充满挑战。因此，就像每个人一样，我们希望确保我们在招聘方面保持领先地位，确保我们工厂的价值主张具有吸引力。包装通货膨胀类似，我们在上次看涨期权中稍微提到了包装通货膨胀。还是一个压力点。我认为我们仍然乐观地认为，随着时间的推移，我们将看到温和的情况，但我们还没有看到。因此，这既是销量增加背后的临时成本，也是今年剩余时间里一些更棘手的问题。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/TFX\">Teleflex</a></b> <b>(Health Care):</b>&nbsp;“Any inflation that we saw, we saw it begin last year in transportation. So, that was already in our run rate. And we saw some modest inflation in some of our resins, but it was pretty – it's very manageable, and we're going to more than offset it with really positive pricing and building momentum in the quarter with that positive pricing.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/TFX\">电传</a></b><b>（医疗保健）：</b>“我们看到的任何通货膨胀，都是从去年交通运输领域开始的。因此，这已经是我们的运行速度了。我们的一些树脂产品也出现了一些适度的通货膨胀，但这很好--很容易控制，我们将通过真正积极的定价来抵消这一影响，并在本季度以积极的定价为动力。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LKQ\">LKQ Corp</a> </b><b>(Consumer Discretionary):</b>&nbsp;“Across all of our segments, we are experiencing some level of supply chain shortages and disruptions. These disruptions are creating product scarcity and freight delays that are resulting in meaningful availability pressures in certain product lines. The supply chain challenges are also driving product inflation, which in turn, is generating the most robust pricing environment we've seen in years. Across all of our segments, we have been very effective in passing along these costs as witnessed by our margin performance. Alongside supply chain inflationary pressures, like many businesses across the globe, we are facing wage inflation and increased competition for labor.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LKQ\">LKQ公司</a></b><b>（非必需消费品）：</b>“在我们所有的业务板块中，我们都遇到了一定程度的供应链短缺和中断。这些中断造成了产品短缺和货运延误，给某些产品线带来了巨大的供应压力。供应链挑战也在推动产品通货膨胀，进而造成了我们多年来最强劲的定价环境。在我们的所有细分市场中，我们在转嫁这些成本方面非常有效，我们的利润率表现就证明了这一点。除了供应链的通胀压力，就像全球许多企业一样，我们还面临着工资上涨和劳动力竞争的加剧。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MAS\">Masco</a></b> <b>(Industrials):</b>&nbsp;“We continue to see escalating inflation across most of our cost basket, including freight, resins, TiO2 and packaging. Inbound freight container costs nearly tripled during the quarter. We now expect our all-in cost inflation to be in the high single-digit range for the full year for both our Plumbing and Decorative segments, with low double-digit inflation in the second half of the year.</p><p><blockquote><b><a href=\"https://laohu8.com/S/MAS\">马斯科</a></b><b>（工业）：</b>“我们的大部分成本篮子，包括货运、树脂、二氧化钛和包装，通货膨胀继续升级。本季度入境货运集装箱成本几乎增加了两倍。我们现在预计，管道和装饰业务全年的总成本通胀率都将在个位数的高位区间内，下半年的通胀率将低于两位数。</blockquote></p><p> Inflation in coatings will likely be in the mid-teens later in the fourth quarter. To mitigate this inflation, we have secured price increases across both segments and are taking further pricing action across our business to address these continued cost escalations. We are also working with our suppliers, customers and internal teams to implement further productivity measures to help offset these costs. Despite the increased inflation, we still expect to achieve price/cost neutrality by year-end. While cost inflation has clearly been an issue, material availability has also impacted our business.”</p><p><blockquote>第四季度晚些时候，涂料的通货膨胀率可能会达到十几岁左右。为了缓解这种通货膨胀，我们已确保两个细分市场的价格上涨，并正在整个业务采取进一步的定价行动，以应对这些持续的成本上涨。我们还与供应商、客户和内部团队合作，实施进一步的生产力措施，以帮助抵消这些成本。尽管通货膨胀加剧，我们仍预计在年底前实现价格/成本中性。虽然成本膨胀显然是一个问题，但材料可用性也影响了我们的业务。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FBHS\">Fortune Brands Home &amp; Security</a> </b><b>(Industrials):</b>&nbsp;“While inflation headwinds were anticipated, they continued to strengthen throughout the quarter. As I mentioned earlier, we are taking incremental actions during the second half of the year to offset increased inflation. […]Through this combination of cost and thoughtful pricing actions, we plan to offset all inflationary headwinds this year and expect to deliver 2021 operating margin improvement.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FBHS\">财富品牌家居与安全</a></b><b>（工业）：</b>“虽然通胀不利因素在意料之中，但在整个季度，通胀不利因素继续加强。正如我之前提到的，我们将在下半年采取渐进行动，以抵消通胀的上升。[...]通过这种成本和深思熟虑的定价行动的结合，我们计划在今年抵消所有通胀不利因素，并有望在 2021 年实现营业利润率的改善”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AVY\">Avery Dennison</a> </b><b>(Materials):</b>&nbsp;“Given the increasing inflationary pressures, we are redoubling our efforts on material re-engineering and again raising prices. We are targeting to close the inflation gap relative to mid last year by the fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/AVY\">艾利丹尼森</a></b><b>（材料）：</b>“鉴于通胀压力不断增加，我们正在加倍努力进行材料再造，并再次提高价格。我们的目标是在第四季度之前缩小与去年年中相比的通胀差距”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IEX\">IDEX Corp</a> </b><b>(Industrials):</b>“We anticipated rising inflation as the global economy recovered, but like many, did not imagine the sharp rate of increase. This narrowed our spread between price capture and material costs, although we remain positive overall. Our teams leveraged the systematic investments we made a few years ago in pricing management and aggressively deployed two, sometimes three pricing adjustments with precision. We are on track to expand our price/cost spread to typical levels as we travel to the back half of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IEX\">伊德克斯公司</a></b><b>（工业）：</b>“我们预计随着全球经济复苏，通货膨胀率会上升，但和许多人一样，我们并没有想到通货膨胀率会如此之快。这缩小了我们在价格捕获和材料成本之间的差距，尽管我们总体上保持乐观。我们的团队利用几年前在定价管理方面所做的系统性投资，积极精确地部署了两次，有时是三次定价调整。随着我们进入下半年，我们有望将价格/成本价差扩大到典型水平。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Lines</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“It's a tighter labor market than certainly we're used to. Of course, I've been here for a long time and I don't ever remember the growth percentages in the past that we've got today. So, it's definitely a bigger challenge than it's ever been.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ODFL\">旧自治领货运公司</a></b><b><b>(</b></b><b>工业）：</b>“劳动力市场比我们习惯的要紧张。当然，我在这里待了很长时间，我从来不记得我们今天的增长率是多少。因此，这绝对是一个比以往更大的挑战”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MHK\">Mohawk</a> </b><b>(Consumer Discretionary):</b>&nbsp;“We anticipate material and freight challenges will continue to impact our business in the third quarter. To compensate for material inflation, we have increased prices and we expect further increases will be required as our costs continue to rise”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MHK\">莫霍克</a></b><b>（非必需消费品）：</b>“我们预计第三季度材料和运费方面的挑战将继续影响我们的业务。为了弥补材料通货膨胀，我们提高了价格，随着成本的持续上升，我们预计还需要进一步提高价格。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MDLZ\">Mondelez</a> </b><b>(Staples):</b>&nbsp;“As we said many times, inflation and commodity costs are higher than we originally anticipated at the start of 2021, but we continue to believe that they are manageable. In terms of pricing and inflation, I would say there is going to be more in the second part of the year. To start with, our pipeline of commodities and FX has been advantageous in the first part of the year, and we expect some commodities and FX impact to be relatively higher in the second part. So there will be some more pressure in Q3 specifically, but we will continue to be very disciplined in terms of costs and pricing.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MDLZ\">亿滋</a></b><b>（订书钉）：</b>“正如我们多次说过的那样，2021 年初的通货膨胀和商品成本高于我们最初的预期，但我们仍然相信它们是可控的。就定价和通货膨胀而言，我认为下半年还会有更多的情况发生。首先，我们的商品和外汇管道在今年上半年一直具有优势，我们预计下半年一些商品和外汇的影响相对较高。因此，第三季度的压力会更大，但我们将继续在成本和定价方面严格遵守。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a></b> <b>(Consumer Discretionary):</b>&nbsp;“While we're thrilled with our margin performance in Q3, we expect it to moderate slightly in Q4 primarily due to the growing impact of inflation coupled with incremental investments critical to our continued growth.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SBUX\">星巴克</a></b><b>（非必需消费品）：</b>“虽然我们对第三季度的利润率表现感到兴奋，但我们预计第四季度的利润率将略有放缓，这主要是由于通货膨胀的影响越来越大，再加上对我们持续增长至关重要的增量投资。”</blockquote></p><p> “So in Q3 we had outstanding performance, but within that we covered headwinds in the Americas business of about 70 basis points. And we expect headwinds related to rising costs and inflationary pressures to continue into Q4 which is reflected in the guidance that we've given.”</p><p><blockquote>“因此，我们在第三季度取得了出色的业绩，但在此期间，我们弥补了美洲业务约 70 个基点的不利因素。我们预计，与成本上升和通胀压力相关的不利因素将持续到第四季度，这反映在我们给出的指导中。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SHW\">Sherwin-Williams</a> </b><b>(Materials):</b>&nbsp;“Our gross margins were under considerable pressure in the quarter given the sustained higher raw material costs. However, as we have demonstrated in past inflationary cycles, we are fully committed to offsetting these costs, and we announced additional pricing actions in the quarter, which will be realized as the year goes on.”... “We anticipate year-over-year inflation in the third quarter to be higher than it was in the second quarter with only slight improvement in the fourth quarter as demand remains high.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SHW\">舍温-威廉姆斯</a></b><b>（材料）：</b>“由于原材料成本持续上涨，我们的毛利率在本季度承受着相当大的压力。然而，正如我们在过去的通胀周期中所证明的那样，我们完全致力于抵消这些成本，我们在本季度宣布了额外的定价措施，这些措施将在今年继续实施。”...“我们预计第三季度的同比通胀率将高于第二季度，第四季度仅略有改善，因为需求仍然很高。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/WM\">Waste Management</a></b> <b>(Industrials):</b>&nbsp;“It's no surprise to anyone who follows economic indicators that most businesses are experiencing inflation in their costs throughout 2021 and our business is no exception, particularly with regard to labor. We expect to overcome these pressures by increasing operating efficiencies and executing on our disciplined pricing programs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WM\">废物管理</a></b><b>（工业）：</b>“对于任何关注经济指标的人来说，2021 年大多数企业的成本都在上涨，这并不奇怪，我们的企业也不例外，尤其是在劳动力方面。我们希望通过提高运营效率和执行我们严格的定价计划来克服这些压力”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/RSG\">Republic</a> </b><b>(Industrials):</b>&nbsp;“we're seeing very modest inflation in this year's economics; kind of do an annual increase and we give our people a fair increase every year. We expect that certainly to tick up next year, but to be more than offset by our ability to price through that. And so we think that inflation net-net will be margin expanding for us.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/RSG\">共和国</a></b><b>（工业）：</b>“在今年的经济中，我们看到的通货膨胀率非常温和；每年都在增长，我们每年都给我们的人民带来公平的增长。我们预计明年的通货膨胀率肯定会上升，但这将被我们的定价能力所抵消。因此，我们认为通货膨胀净额将扩大我们的利润率”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LW\">Lamb Weston Holdings, Inc.</a> </b><b>(Staples):</b>&nbsp;“As a result, we expect input cost inflation, especially for edible oils packaging and transportation to be a significant headwind for fiscal 2022. Our goal is to offset inflation using combination of levers including pricing. To that end, we just began implementing broad-based price increases in our Foodservice and Retail segments, and don't expect to see the most of their benefit until our fiscal third quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LW\">兰姆·韦斯顿控股公司。</a></b><b>（订书钉）：</b>“因此，我们预计投入成本通胀，尤其是食用油包装和运输的投入成本通胀，将成为 2022 财年的一大阻力。我们的目标是利用包括定价在内的多种杠杆来抵消通货膨胀。为此，我们刚刚开始在餐饮服务和零售部门实施大范围的提价，预计要到第三财季才能看到大部分收益。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IQV\">IQVIA</a> </b><b>(Health Care):</b>&nbsp;“it's no secret that given the strength of the industry backdrop, there's obviously strong competition for talent. […] Now does it cause a certain amount of anxiety in the industry? And yes, it's true. And has it caused some level of wage inflation? Yes, that is true. There is also a little bit of an uptick in attrition levels as a consequence of all of that. All of that is true... But again, we feel confident. We do not anticipate this to cause any significant – there will be some level of headwind to our margins, but we have so many programs and productivity measures and process improvement measures in place that we are confident we will overwhelm.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IQV\">伊克维亚</a></b><b>（医疗保健）：</b>“众所周知，鉴于行业背景的强大，对人才的竞争显然非常激烈。[.] 现在这是否会给行业带来一定程度的焦虑？是的，确实如此。这是否导致了一定程度的工资上涨？是的，确实如此。因此，员工流失率也略有上升。所有这些都是真的……但同样，我们感到自信。我们预计这不会造成任何重大影响——我们的利润率会受到一定程度的阻力，但我们有如此多的项目、生产力措施和流程改进措施，我们有信心将不胜负荷。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/KMB\">Kimberly-Clark</a> </b><b>(Staples):</b>&nbsp;“Obviously, given that amount and given our outlook, we are covering a significant portion of that, but we can't practically cover all of that this year […] And so, what I would say is, part one, our pricing implementation is largely on track and we expect to fully offset inflation over time. Not all this year, but over time.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/KMB\">金佰利</a></b><b>（订书钉）：</b>“显然，考虑到这一数额和我们的前景，我们已经覆盖了其中的很大一部分，但今年我们实际上无法覆盖所有这些[.] 因此，我想说的是，第一部分，我们的定价实施基本步入正轨，我们预计随着时间的推移将完全抵消通货膨胀。不是这一整年，而是随着时间的推移。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SWK\">Stanley Black &amp; Decker</a></b> <b>(Industrials):</b>&nbsp;“We continue to see elevated commodity prices and now expect $260 million of commodity inflation in the second half versus our prior assumption of $210 million. In particular, elevated steel pricing is largely driving the $50 million increase. We are now in the full implementation mode and believe we should be in a position to offset approximately 50% of the 2021 headwind, netting material inflation and better price realization is a neutral effect versus the prior guidance. The goal is to have our actions in place during the third quarter, so the 2022 carryover benefits of price and margin actions fully offset the carryover inflation”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SWK\">史丹利百得公司</a></b><b>（工业）：</b>“我们继续看到大宗商品价格上涨，现在预计下半年大宗商品通胀将达到 2.6 亿美元，而我们之前的假设为 2.1 亿美元。特别是钢铁定价的上涨在很大程度上推动了 5000 万美元的上涨。我们现在正处于全面实施模式，相信我们应该能够抵消 2021 年约 50% 的不利因素，与之前的指导相比，净材料通胀和更好的价格实现是中性影响。我们的目标是在第三季度采取行动，以便2022年价格和利润率行动的结转效益完全抵消结转通胀”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PNR\">Pentair PLC</a></b> <b>(Industrials):</b>&nbsp;“Regarding the current inflationary environment, we have implemented further price increases and we expect the price cost gap to further narrow in the second half.”... “Consistent with our guidance, the second quarter did not see price fully offset inflation as we saw higher inflation that we have continued to implement price increases to help offset. The second half should see price costs start to even out. But an unprecedented amount of material and wage inflation coupled with robust demand has contributed to price reading out at a slower pace. Our forecast reflects our expectations that material shortages and inflation are not going away nor will they improve materially.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PNR\">Pentair PLC</a></b><b>（工业）：</b>“鉴于当前的通胀环境，我们已经实施了进一步的价格上涨，我们预计下半年价格成本差距将进一步缩小。”...“与我们的指导一致，第二季度的物价并没有完全抵消通货膨胀，因为我们看到了较高的通货膨胀，我们继续实施提价措施来帮助抵消通货膨胀。下半年价格成本应该会开始趋于平稳。但是，前所未有的材料和工资通货膨胀，加上强劲的需求，导致价格读数放缓。我们的预测反映了我们的预期，即材料短缺和通货膨胀不会消失，也不会有实质性改善。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FTV\">Fortive</a></b> <b>(Industrials)</b>: “Even though we are seeing a little bit of cost inflation, we're still going to be net – significantly net in a good shape relative to material cost reductions for the year. So material cost reductions will still be a profit improver for the year, even though we've seen a little bit more inflation than typical, we still are in a very good shape relative to price cost, not only because of price, but also because we've done a nice job on the cost reduction side as well.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FTV\">强壮的</a></b><b>（工业）</b>: “尽管我们看到了一点成本通胀，但我们仍将实现净亏损--相对于今年材料成本的降低，我们仍将实现净亏损。因此，材料成本的降低仍将是今年利润的改善因素，尽管我们的通货膨胀率比往年略高，但相对于价格成本，我们的状况仍然非常好，这不仅是因为价格，还因为我们在降低成本方面做得很好。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CL\">Colgate-Palmolive</a></b> <b>(Staples):</b>&nbsp;“We expect raw material costs to remain elevated throughout 2021, but we do expect some sequential lessening of inflation as we get into the fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CL\">高露洁棕榄</a></b><b>（订书钉）：</b>“我们预计 2021 年全年原材料成本仍将居高不下，但进入第四季度后，我们确实预计通胀将逐步下降。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JCI\">Johnson Controls</a></b> <b>(Industrials):</b>&nbsp;“Although lead times and conversion cycles are stretching, we believe conditions will begin to improve over the next couple of quarters. We are successfully leveraging our pricing capabilities to offset inflation, and we still expect to remain price cost positive for the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JCI\">江森自控</a></b><b>（工业）：</b>“虽然交货期和转换周期正在延长，但我们相信未来几个季度的情况将开始改善。我们正在成功地利用我们的定价能力来抵消通货膨胀，我们仍然预计今年的价格成本将保持正值。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a></b> <b>(Industrials):</b>&nbsp;“We know what happens in an inflationary environment, don't we? Somebody pays for it. It's usually the consumer, which means, right, that price increases get passed along all the way to the end to the consumer until the consumer says, ouch, I'm not going to buy any more. The consumer continues to buy. So there we are in the cycle, and this is a cycle, right. This is a cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a></b><b>（工业）：</b>“我们知道在通货膨胀环境下会发生什么，不是吗？有人为此买单。通常是消费者，这意味着，对，价格上涨会一直转嫁到消费者身上，直到消费者说，哎呀，我不买了。消费者继续购买。所以我们在循环中，这是一个循环，对吧。这是一个循环。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PKG\">Packaging Corp of America</a></b> <b>(Materials):</b>&nbsp;“These items were partially offset by higher operating costs of $0.57, primarily due to inflation-related increases in the areas of labor infringes, repairs, materials and supplies, recycled fiber cost, as well as other indirect and fixed cost areas Inflation associated with most of the operating costs as well as freight and logistics expenses is expected to continue.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PKG\">美国包装公司</a></b><b>（材料）：</b>“这些项目被 0.57 美元的运营成本增加部分抵消，这主要是由于与通货膨胀相关的劳动力侵权、维修、材料和用品、再生纤维成本以及其他间接和固定成本领域的增长。与大部分运营成本以及货运和物流费用相关的通货膨胀预计将持续下去。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/GLW\">Corning</a> </b><b>(Tech):</b>&nbsp;“Now during the quarter, we continue to face supply chain disruptions and inflationary headwinds. Planning and increased output allowed us to reduce costly airfreight, but the sequential improvement was offset by increases in shipping rates and the cost of certain raw materials such as resin, a key component in our Optical and Life Sciences businesses. […] So right now, we're clearly facing a lot of supply chain disruptions and inflationary pressure. And what we saw in the first quarter was, of course, a lot of that relative to freight and logistics. We had plans to mitigate that. We actually did those mitigations. But then there were other things that occurred, particularly around increased resin cost. So as we think about the guide, in particular the guide for the third quarter, we thought it was prudent to assume that, that 150 basis points drag that's coming from those inflationary and supply chain logistics costs would continue.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GLW\">康宁</a></b><b>（技术）：</b>“本季度，我们继续面临供应链中断和通货膨胀的阻力。规划和产量的增加使我们能够减少昂贵的空运费用，但运费和某些原材料（如树脂）成本的上涨抵消了连续的改善，树脂是我们光学和生命科学业务的关键组成部分。[…]所以现在，我们显然面临着很多供应链中断和通胀压力。当然，我们在第一季度看到的与货运和物流有关。我们有计划来减轻这种情况。我们实际上做了这些缓解措施。但随后还发生了其他事情，特别是围绕树脂成本增加。因此，当我们考虑指南，特别是第三季度的指南时，我们认为谨慎的假设是，通货膨胀和供应链物流成本带来的 150 个基点的拖累将持续下去。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IR\">Ingersoll Rand Inc.</a> </b><b>(Industrials):</b>&nbsp;“Since the end of Q1 of 2021 of this year, we have seen inflation and we call inflation here direct material and logistics, continue to increase, which is the reason why we acted on additional pricing actions. I'll say those pricing actions are offsetting the incremental inflation that we're expecting to see in the second half.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IR\">英格索兰公司。</a></b><b>（工业）：</b>“自今年 2021 年第一季度末以来，我们看到通货膨胀和看涨期权直接材料和物流的通货膨胀持续上升，这就是我们采取额外定价行动的原因。我想说的是，这些定价行动正在抵消我们预计下半年将出现的增量通货膨胀。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HIG\">Hartford</a></b> <b>(Financials):</b>&nbsp;“As we listen to inflationary expectations, we expect some of those trends will be with us into the third quarter, fourth quarter. But I think that given our trends, our expectations to the year haven't changed materially and we're on top of our selections and I think we're in good shape as we move into Q3.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HIG\">哈特福德</a></b><b>（财务）：</b>“当我们听取通胀预期时，我们预计其中一些趋势将持续到第三季度和第四季度。但我认为，从我们的趋势来看，我们对今年的预期并没有发生实质性变化，我们的选择是最重要的，我认为我们在进入第三季度时状态良好。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PHM\">PulteGroup</a></b> <b>(Consumer Discretionary):</b>&nbsp;“As reflected in the increases in our sales prices and gross margin, we've been able to pass on the meaningful cost inflation we have incurred over the course of the year. At this point, we now expect house costs to be up between 9% and 11% for the full year with the peak of certain costs, driven by lumber flowing through in the third and fourth quarters. Even with the ongoing rise in build costs, we still see opportunity for gross margins to move higher over the remaining two quarters of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PHM\">普尔特集团</a></b><b>（非必需消费品）：</b>“正如我们销售价格和毛利率的增长所反映的那样，我们已经能够转嫁一年来发生的有意义的成本上涨。目前，我们预计全年房屋成本将上涨 9% 至 11%，在第三和第四季度木材流入的推动下，某些成本将达到峰值。即使建造成本持续上涨，我们仍然看到今年剩余两个季度毛利率有机会提高。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/BSX\">Boston Scientific</a> </b><b>(Health Care):</b>&nbsp;“[We] expect slight improvements in second half gross margin compared to the first half, though still not at full year 2019 levels, as other headwinds remain, in particular, the lingering cost of running plants with COVID-specific measures, as well as some impact from inflation.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/BSX\">波士顿科学</a></b><b>（医疗保健）：</b>“[我们]预计下半年毛利率将比上半年略有改善，但仍未达到2019年全年的水平，因为其他不利因素依然存在，特别是采用COVID特定措施运营工厂的挥之不去的成本，以及通货膨胀的一些影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HAS\">Hasbro</a> </b><b><b>(</b></b><b>Consumer Discretionary):</b>&nbsp;“We talked earlier about ocean freight in some of our prepared remarks and we're seeing those costs are over four times higher than what we had been experiencing earlier or last year even. So, we expect a lot of those costs to continue. But between cost of sales and that, we do expect our gross margin to be slightly down from a year ago, but we do expect the price increases that we've taken to offset our increased costs”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HAS\">孩之宝</a></b><b><b>(</b></b><b>非必需消费品）：</b>“我们之前在一些准备好的发言中谈到了海运，我们发现这些成本比我们之前甚至去年的情况高出四倍多。因此，我们预计这些成本还会继续存在。但在销售成本和销售成本之间，我们预计我们的毛利率将比一年前略有下降，但我们预计我们为抵消成本增加而采取的价格上涨”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/GE\">General Electric Co</a></b> <b>(Industrials):</b>&nbsp;“Looking forward to the second half of 2021 and into 2022, although inflation pressure is likely to increase particularly in Aviation and Renewables, we expect the net inflation impact to be limited.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GE\">通用电气公司</a></b><b>（工业）：</b>“展望 2021 年下半年和 2022 年，尽管通胀压力可能会增加，尤其是在航空和可再生能源领域，但我们预计净通胀影响将有限。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/OTIS\">Otis Worldwide Corp</a></b> <b>(Industrials):</b>&nbsp;“This high inflationary environment that we're seeing should help us on Service pricing because most of our contracts in Europe and Americas have price escalators kind of built-in that are largely tied to labor inflation. And, historically, we've always had that lever but given low inflationary environment in the macro market, the prices don't always stick. And now, with this inflationary environment, we should have a greater ability to stick those prices, so that should help next year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/OTIS\">奥的斯全球公司</a></b><b>（工业）：</b>“我们看到的这种高通胀环境应该有助于我们的服务定价，因为我们在欧洲和美洲的大多数合同都内置了价格自动扶梯，主要与劳动力通胀挂钩。而且，从历史上看，我们一直都有这种杠杆，但鉴于宏观市场的低通胀环境，价格并不总是坚持下去。现在，在这种通胀环境下，我们应该有更大的能力来维持这些价格，这样明年应该会有所帮助。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HON\">Honeywell</a></b> <b>(Industrials):</b>&nbsp;“so everywhere in our books of business that we can, we continue to pass through the inflation that's being seen in the materials and also in the labor because in the projects businesses, labor is also important as well.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HON\">霍尼韦尔</a></b><b>（工业）：</b>“因此，在我们的商业账簿中，无论在哪里，我们都会继续传递材料和劳动力中的通货膨胀，因为在项目业务中，劳动力也很重要”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SLB\">Schlumberger</a></b> <b>(Energy):</b>&nbsp;“But I believe that the tool box we have and the professional and very experienced organization we have in our planning and supply chain and manufacturing organization that are used to manage some inflationary pressure has allowed us to mitigate and edged this inflationary pressure and contain cost inflation […] under our roofs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SLB\">斯伦贝谢</a></b><b>（能量）：</b>“但我相信，我们拥有的工具箱，以及我们在规划、供应链和制造组织中拥有的专业且经验丰富的组织，这些组织习惯于管理一些通胀压力，使我们能够减轻和消除这种通胀压力，并将成本通胀[...]控制在我们的屋檐下”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/CE\">Celanese</a></b> <b>(Materials):</b>&nbsp;“But we did raise price more than we saw our materials increasing. And I think that's a question of mix. I mean what – we are in a very tight supply constrained situation. So we have been prioritizing our higher margin products and our higher market –higher margin region to really maximize the return that we get for the molecules thatwe have available to sell to the market.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CE\">塞拉尼塞</a></b><b>（材料）：</b>“但我们涨价的幅度确实超过了原材料的涨幅。我认为这是一个组合问题。我的意思是，我们正处于一个非常紧张的供应紧张的局面。因此，我们一直优先发展利润率较高的产品和市场--利润率较高的地区，以真正最大限度地提高我们可供市场销售的分子产品的回报。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ADM\">Archer-Daniels Midland</a> </b><b>(Materials):</b>&nbsp;“In our scenario, margins normalize, we have inflation and then we are able to offset a lot of that through growth and through productivity.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ADM\">阿彻-丹尼尔斯·米德兰</a></b><b>（材料）：</b>“在我们的设想中，利润率正常化，我们会出现通货膨胀，然后我们能够通过增长和生产率来抵消很多通货膨胀。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b> <b>(Tech):</b>&nbsp;“Since April, we have seen supply chain inflation happening faster than we are electing to pass through to our customers, further impacting our second half gross margin outlook.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b><b>（技术）：</b>“自 4 月份以来，我们看到供应链通货膨胀的速度超过了我们选择传递给客户的速度，进一步影响了我们下半年的毛利率前景。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“We are mindful of the tight job market, as well as general inflationary pressures. We expect to have wage rate inflation beyond our normal annual wage rate increases, as we want to be competitive to retain and attract talent, including the decision to increase the minimum hourly wage to $15 per hour across all workgroups, we now estimate, $5 million to $10 million of additional salary, wages, and benefits cost pressure in third quarter and approximately $15 million in fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LUV\">西南航空公司</a></b><b><b>(</b></b><b>工业）：</b>“我们注意到就业市场紧张以及普遍的通胀压力。我们预计工资通胀率将超过正常的年工资增幅，因为我们希望在留住和吸引人才方面具有竞争力，包括决定将所有工作群体的最低时薪提高到每小时 15 美元，我们现在估计，第三季度将增加 500 万至 1000 万美元的工资、工资和福利成本压力，第四季度将增加约 1500 万美元。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a> </b><b>(Consumer Discretionary):</b>&nbsp;“In the second quarter, there was significant pricing activity with our suppliers resulting in product cost inflation. We were positioned to pass these increases on to our customers and the impact of price inflation was neutral to gross margin. We estimate a 1.5% impact of inflation in automotive sales for the quarter and a 1% impact in industrial. Based on the current environment, we expect this to increase further through the second half of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GPC\">正品零件</a></b><b>（非必需消费品）：</b>“第二季度，我们与供应商进行了大量的定价活动，导致产品成本上涨。我们有能力将这些上涨转嫁给客户，而价格上涨对毛利率的影响是中性的。我们估计本季度通货膨胀对汽车销售的影响为 1.5%，对工业销售的影响为 1%。根据目前的环境，我们预计下半年这一数字将进一步增加。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NUE\">Nucor</a> </b><b>(Materials):</b>&nbsp;“So we'll see some price inflation that will cause working capital to go up further, but probably not at the same pace as we experienced in Q2.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NUE\">纽柯</a></b><b>（材料）：</b>“因此，我们将看到一些物价上涨，这将导致营运资本进一步上升，但速度可能不会像第二季度那样快。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/POOL\">Pool</a> </b><b>(Consumer Discretionary):</b>&nbsp;“Inflation, as we have previously mentioned, has been above average this year and is trending to 5% to 6% for the year in total. This has had no meaningful impact on demand and has passed through the channel as is typically the case.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/POOL\">水池</a></b><b>（非必需消费品）：</b>“正如我们之前提到的，今年的通货膨胀率高于平均水平，全年有 5% 至 6% 的趋势。这对需求没有产生有意义的影响，而且像往常一样通过了通道。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NEM\">Newmont Mining</a> </b><b><b>(</b></b><b>Materials):</b>&nbsp;“The impacts of the pandemic are also driving cost inflation around the globe. We are now expecting cost escalation of around 3% to 5% for materials, energy and labor. And we expect these pressures to continue through until at least the end of next year.</p><p><blockquote><b><a href=\"https://laohu8.com/S/NEM\">纽蒙特矿业</a></b><b><b>(</b></b><b>材料）：</b>“大流行病的影响也在推动全球成本上涨。我们现在预计材料、能源和劳动力成本将上升约 3% 至 5%。我们预计这些压力至少会持续到明年年底。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FCX\">Freeport-McMoRan</a></b> <b>(Materials):</b>&nbsp;“Everyone is focused on inflation around the world and the impact on mining companies. And as Kathleen said, we've had higher energy costs, higher grinding material cost, but Josh Olmsted and our Americas team has just done a great job in helping offset that.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FCX\">自由港-麦克莫兰</a></b><b>（材料）：</b>“每个人都在关注全球通货膨胀及其对矿业公司的影响。正如凯瑟琳所说，我们的能源成本和研磨材料成本都在上涨，但乔希-奥姆斯特德和我们的美洲团队在帮助抵消这一影响方面做得非常出色。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“And as we experience a strong demand environment, our pricing actions continue to yield dollars in excess of inflation.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/UNP\">联合太平洋</a></b><b><b>(</b></b><b>工业）：</b>“随着我们经历了强劲的需求环境，我们的定价行动继续产生超过通货膨胀的美元”。</blockquote></p><p> <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a> (Health Care): “So there's nothing extraordinary in the back half of the year in terms of labor inflation.”</p><p><blockquote><a href=\"https://laohu8.com/S/DGX\">Quest诊断</a>(医疗保健）： “因此，就劳动力通胀而言，下半年并没有什么特别之处”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MMC\">Marsh &amp; McLennan</a> </b><b>(Financials):</b>&nbsp;“The pace of price increases continued to moderate, but still remains high, reflecting elevated loss activity and concerns about inflation and low interest rates.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MMC\">马什-麦克伦南</a></b><b>（财务）：</b>“价格上涨速度继续放缓，但仍居高不下，反映出亏损活动加剧，以及对通货膨胀和低利率的担忧。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ALLE\">Allegion PLC</a></b> <b>(Industrials):</b>&nbsp;“Allegion is not immune to inflation and the supply chain constraints impacting industrial markets. Allegion navigated well during Q2, but these industry-wide constraints will persist for the remainder of the year and put pressure on margins for the short-term.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ALLE\">Allegion PLC</a></b><b>（工业）：</b>“Allegion 也未能幸免于通货膨胀和供应链限制对工业市场的影响。Allegion 在第二季度表现良好，但这些全行业的限制将在今年剩余时间内持续存在，并在短期内给利润率带来压力。”</blockquote></p><p> “We've seen an acceleration of inflation, predominantly in commodity costs, material components, freight, packaging, et cetera. It's continued to be a headwind. As you know, we're pretty aggressive moving on price and we're taking similar actions in the back half of this year. We've went ahead and announced a price increase that will take effect at the beginning of Q4. So, there's going to be some margin pressure, I would say, given the acceleration in inflation particularly in Q3.”</p><p><blockquote>“我们已经看到通货膨胀加速，主要体现在大宗商品成本、材料零部件、运费、包装等方面。这仍然是一个阻力。如您所知，我们在价格方面非常积极，我们将在今年下半年采取类似的行动。我们已经宣布提价，将于第四季度初生效。因此，我认为，鉴于通胀加速，尤其是第三季度，利润率将面临一定压力。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/WHR\">Whirlpool</a> </b><b><b>(</b></b><b>Consumer Discretionary): “</b>Structural cost takeout actions, higher volumes and ongoing cost productivity initiatives delivered 550 basis points of net cost margin improvement. These margin benefits were partially offset by raw material inflation, particularly steel and resins, which resulted in an unfavorable impact of 400 basis points.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WHR\">漩涡</a></b><b><b>(</b></b><b>非必需消费品）：“</b>结构性成本回收行动、更高的销量和持续的成本生产率举措使净成本利润率提高了 550 个基点。这些利润率收益部分被原材料通胀所抵消，特别是钢材和树脂，导致400个基点的不利影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CSX\">CSX Corp</a></b> <b>(Industrials):</b>&nbsp;“The good news is we have secured adequate inventory and supply commitments for critical materials, and we've worked to lock in the vast majority of unit costs for 2021. Excluding locomotive fuel, expense inflation this quarter was just above 3% and we don't expect that to move much going into the second half.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CSX\">CSX公司</a></b><b>（工业）：</b>“好消息是，我们已经为关键材料争取到了充足的库存和供应承诺，并努力锁定了 2021 年的绝大部分单位成本。不包括机车燃料，本季度的费用通胀率略高于 3%，我们预计下半年不会有太大变化。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NTRS\">Northern</a> </b><b><b>(</b></b><b>Financials):</b>&nbsp;“Inflation is showing up in different areas. I mean every firm is dealing with talent issues and the pressure is there. We certainly see that and experience it and talking at management levels about how to address it. And the inflation we see across the business and different areas as well. And some of it is unit costs but some of it is just the increased cost of doing business. And we talked about the significant increase in technology oriented expenses that we're having. In some ways that's an inflation cost on the business. It's not just a unit price inflation but it's inflation in the overall cost of doing business. So, it's showing up in different ways across the organization.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NTRS\">北方的</a></b><b><b>(</b></b><b>财务）：</b>“通货膨胀正在不同领域出现。我的意思是，每家公司都在处理人才问题，压力是存在的。我们当然看到了这一点，也经历了这一点，并在管理层讨论如何解决这个问题。我们在整个行业和不同领域也看到了通货膨胀。有些是单位成本，但有些只是做生意的成本增加。我们还谈到了我们面向技术的支出大幅增加。在某些方面，这是企业的通货膨胀成本。这不仅仅是单价通胀，而是做生意总成本的通胀。因此，它在整个组织中以不同的方式出现。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/BKR\">Baker Hughes</a> </b><b>(Energy):</b>&nbsp;“Although we have moved quickly to pass inflation on to our customers, there is a timing lag relative to the increase in costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/BKR\">贝克休斯</a></b><b>（能量）：</b>“虽然我们已迅速将通货膨胀转嫁给客户，但相对于成本增加，存在时间滞后”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a> </b><b>(Health Care):</b>&nbsp;“We continue to expect in the back half of the year pressure in parts of our portfolio in terms of commodity inflation and distribution cost. We are prepared to absorb those.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a></b><b>（医疗保健）：</b>“我们继续预计，今年下半年，我们的部分投资组合将面临大宗商品通胀和分销成本方面的压力。我们已做好应对这些压力的准备。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> </b><b>(Consumer Discretionary):</b>&nbsp;“We anticipate these commodity headwinds will negatively impact the quarter by an additional 60 basis points to 80 basis points, essentially offsetting the benefit of menu price increases. This will result in food costs for Q3 being at or slightly above the percentage we saw in Q2. Over the next few quarters, we'll have greater visibility on how much of this inflation is permanent versus transitory, and we can take the appropriate actions as needed to help offset any lasting impacts.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CMG\">墨西哥墨西哥烧烤</a></b><b>（非必需消费品）：</b>“我们预计，这些大宗商品不利因素将对本季度产生额外 60 到 80 个基点的负面影响，从根本上抵消了菜单价格上涨带来的好处。这将导致第三季度的食品成本与第二季度持平或略高于第二季度的食品成本。在接下来的几个季度里，我们将更清楚地了解这种通货膨胀有多少是永久性的，而不是暂时性的，我们可以根据需要采取适当的行动来帮助抵消任何持久的影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/DOV\">Dover</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“What we underestimated was the total cost impacts of a strained logistics system and tight labor market that shows no signs of abating. This has had two knock-on effects on our results. First, the absolute cost of inbound and outbound freight were materially higher; and second and more important, the costs associated with production line stoppages due to lack of labor and components caused by transit time uncertainty and overall supply chain tightness.”... “I think that there is an interesting argument, and I would agree with it that to the extent that labor inflation is durable and that supply chains, the issues that we're having in supply chains will improve, but not dramatically. There's an argument to be made that the returns on automation are going to be better than they've been over the last five to six years. And I would agree with that.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/DOV\">多佛</a></b><b><b>(</b></b><b>工业）：</b>“我们低估了物流系统紧张和劳动力市场紧张带来的总成本影响，而且这种影响丝毫没有减弱的迹象。这对我们的业绩产生了两个连锁反应。首先，进出港货运的绝对成本大幅上涨；其次，也是更重要的一点，由于运输时间的不确定性和整体供应链紧张导致劳动力和零部件短缺，生产线停工也带来了相关成本。”“我认为有一个有趣的论点，我同意这个论点，即只要劳动力通胀和供应链持续下去，我们在供应链中遇到的问题就会有所改善，但不会有明显的改善。有人认为，自动化的回报将比过去五六年更好。我同意这一点。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/KSU\">Kansas City Southern</a> </b><b>(Industrials):</b>&nbsp;“Core pricing and contract renewals were essentially in line with the first quarter, but we are clearly seeing inflationary pressures that will need to be addressed going forward. As we look into the back half of 2021, we would expect the auto chip shortage to continue to negatively impact our growth, with a strong bounce-back late in the year and into 2022 as auto demand continues to be extremely high and dealer inventories at all-time lows.”... “We've now got to step up in inflation. So, we need to kind of deal with that going forward because our long-term strategy has always been to price above the cost of inflation. But an interesting dynamic and even the fed looking at their long-term projections around inflation would suggest inflation is going to come back down in 2022. So, there are interesting discussions with customers to have and we're going to do our best to continue to make sure we cover cost increases in our business there.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/KSU\">堪萨斯城南部</a></b><b>（工业）：</b>“核心定价和合同续签与第一季度基本一致，但我们清楚地看到了未来需要解决的通胀压力。展望 2021 年下半年，我们预计汽车芯片短缺将继续对我们的增长产生负面影响，随着汽车需求持续极高，经销商库存处于历史最低水平，汽车芯片短缺将在年底和 2022 年出现强劲反弹。”...“我们现在必须加大通胀力度。因此，我们需要在未来解决这个问题，因为我们的长期策略一直是定价高于通胀成本。但一个有趣的动态，甚至美联储在审视其对通胀的长期预测时，都表明通胀将在2022年回落。因此，我们将与客户进行有趣的讨论，我们将尽最大努力继续确保弥补我们在那里业务的成本增加。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/PPG\">PPG Industries Inc</a></b> <b>(Materials):</b>&nbsp;“Due to supply disruptions, we experienced unprecedented levels of raw material and transportation costs that continually elevated as the quarter progressed. This drove raw material inflation to be up a mid to high-teen percentage on a year-over-year basis versus our original estimate of a high single-digit percentage increase.”... “Clearly this inflation cycle is much higher than anyone anticipated, and we're continuing on a business-by-business basis, working to secure further selling price increases. This includes executing additional pricing actions during the third quarter.”...“We now fully expect to offset raw material cost inflation in the fourth quarter on 2021 on a run rate basis.”...“But if we could get the overall base supply/demand (back in) balance, if you will, in our supply chain, I think prices would start to normalize somewhat. We don't see that happening in 2021. So right now, we're still anticipating significant inflation, when we said it's 20% in Q3 and we'll have a significant inflation in Q4. So for as far as we can currently look out, we're still looking at a pretty inflationary cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PPG\">PPG工业公司</a></b><b>（材料）：</b>“由于供应中断，我们经历了前所未有的原材料和运输成本水平，随着季度的推进，这些成本持续上涨。这导致原材料通胀率同比上涨了中到十几个百分点，而我们最初预计的涨幅仅为个位数。”“很明显，这个通胀周期比任何人预期的都要高得多，我们正在逐个企业地继续努力，以确保销售价格的进一步提高。这包括在第三季度执行额外的定价行动。”...“我们现在完全预计，2021 年第四季度的原材料成本通胀将被完全抵消。”...“但是，如果我们能让整体的基本供需（恢复）平衡，如果你愿意的话，在我们的供应链中，我认为价格会开始在一定程度上恢复正常。我们认为 2021 年不会出现这种情况。因此，现在我们仍然预计通货膨胀率会很高，而我们说第三季度的通货膨胀率是 20%，第四季度的通货膨胀率也会很高。因此，就我们目前所能看到的情况来看，我们仍然面临着一个相当大的通胀周期。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> </b><b>(Industrials):</b>&nbsp;“Price actions to-date have largely matched cost increases. There's a ton of inflation going on. There's inflation because of disruption and shipping,”... “The marketplace is still receptive to price actions and the tools and processes we have developed have been effective. Even so, given the rate of inflation, maintaining price cost parity will be a bigger challenge in the third quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FAST\">紧固件</a></b><b>（工业）：</b>“迄今为止，价格走势在很大程度上与成本上涨相匹配。通货膨胀正在发生。通货膨胀是由于中断和运输造成的，”...“市场仍然容易接受价格走势，我们开发的工具和流程也很有效。即便如此，考虑到通货膨胀率，在第三季度保持价格成本平衡将是一个更大的挑战”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CAG\">ConAgra</a> </b><b><b>(</b></b><b>Staples):</b>&nbsp;“We expect the negative impact of the cost inflation to hit our financials before the beneficial impact of our responsive actions, including our pricing. This timing mismatch is expected to be particularly impactful in (fiscal) H1 and, more specifically, in (fiscal) Q1. The resulting pressure on our first half margins impact our full year profit […] Although the substantial increase in inflation over the last few months has negatively impacted our profit guidance for the (fiscal) year, we remain confident in the underlying strength of the business. […] Importantly, we expect that the impact of our aggressive mitigating actions will cause second half adjusted EPS to rebound, to be in line with what was assumed for (fiscal) H2 within our prior guidance.”... “When we initially gave our fiscal 2022 targets at our Investor Day in April of 2019, our models assumed an annual inflation rate of around 3%. At the time of our third quarter call, in April of 2021, we expected fiscal 2022 inflation to come in at twice that level around 6% […] We now currently expect fiscal 2022 inflation to come in around 9%. The difference between the 6% we expected a few months ago and the 9% we expect today equates to approximately $255 million in additional costs during fiscal 2022.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CAG\">康尼格拉</a></b><b><b>(</b></b><b>订书钉）：</b>“我们预计，成本通胀的负面影响将在我们的应对措施（包括定价）产生有益影响之前对我们的财务状况产生影响。这种时间错配预计将在（财年）上半年，更具体地说，在（财年）第一季度产生特别大的影响。由此带来的上半年利润率压力将影响我们的全年利润 [...] 尽管过去几个月通货膨胀的大幅上升对我们（财年）的利润指导产生了负面影响，但我们对业务的基本实力仍然充满信心。【……】重要的是，我们预计我们积极缓解行动的影响将导致下半年调整后每股收益反弹，与我们之前指导中对（财政）下半年的假设一致。”...“当我们在 2019 年 4 月的投资者日最初给出 2022 财年目标时，我们的模型假设年通胀率约为 3%。在 2021 年 4 月发布第三季度看涨期权时，我们预计 2022 财年通胀率将达到该水平的两倍，约为 6% [...] 我们目前预计 2022 财年通胀率将达到 9% 左右。几个月前我们预计的6%和今天我们预计的9%之间的差额相当于2022财年大约增加了2.55亿美元的成本。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> </b><b>(Financials):</b>&nbsp;“In terms of inflation, I would say that we're not seeing inflation in our actuals. But obviously, your guess is as good as mine in terms of the future. But it would be reasonable to assume that that's going to be a little bit of a challenge... it won't make any difference as long as you have that strong growth in consumer there. Jobs are plentiful; wages are going up. These are all good things. And so, obviously, inflation could be worse than people think. I think it'll be a little bit worse than what the Fed thinks. I don't think it's all going to be temporary. But that doesn't matter if we have very strong growth.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JPM\">摩根大通</a></b><b>（财务）：</b>“就通货膨胀而言，我想说的是，我们的实际情况并没有出现通货膨胀。但显然，你对未来的猜测和我一样准确。但有理由认为，这将是一个小小的挑战......只要那里的消费增长强劲，就不会有任何影响。工作岗位丰富；工资在上涨。这些都是好东西。因此，显然，通货膨胀可能比人们想象的更严重。我认为情况会比美联储想象的要糟糕一点。我不认为这一切都是暂时的。但如果我们的增长非常强劲，那就无关紧要了。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MKC\">McCormick</a> </b><b>(Staples):</b>&nbsp;“We're seeing broad-based inflation across our various commodities, packaging materials and transportation costs. To offset rising costs, we are raising prices where appropriate, but usually there is a lag time associated with pricing, particularly with how quickly costs are escalating. And therefore, most of our actions won't go into effect until late 2021.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MKC\">麦考密克</a></b><b>（订书钉）：</b>“我们的各种商品、包装材料和运输成本都出现了广泛的通货膨胀。为了抵消不断上涨的成本，我们会在适当的情况下提高价格，但通常会有一个与定价相关的滞后期，尤其是成本上升的速度。因此，我们的大部分行动要到 2021 年底才能生效”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PEP\">Pepsi</a></b> <b>(Staples):</b>&nbsp;“We're seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else. So, we operate in the same context. We feel quite comfortable or confident that through a combination of net revenue management initiatives and increased productivity, we can navigate this.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PEP\">百事可乐</a></b><b>（订书钉）：</b>“我们的许多原材料以及劳动力、货运和其他一切方面的一些投入都出现了通货膨胀。因此，我们在同样的环境下运营。我们感到非常放心或有信心，通过净收入管理举措和提高生产率的结合，我们可以应对这种情况。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CTAS\">Cintas</a> </b><b><b>(I</b></b><b>ndustrials):</b>&nbsp;“While some inflationary pressures increased certain costs, these were more than offset by increased revenue from businesses reopening or increasing capacity as COVID-19 case counts fell and restrictions on businesses were reduced.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CTAS\">丝带</a></b><b><b>（我</b></b><b>工业）：</b>“虽然一些通货膨胀压力增加了某些成本，但随着 COVID-19 病例数的下降和对企业的限制的减少，企业重新开业或产能增加带来的收入增加，这些成本被抵消了”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/ZION\">Zions</a> </b><b>(Financials):</b>&nbsp;“This outlook does not reflect a significant change in inflation from what we've observed over the past several years which we believe is an emerging and increasingly important risk to our outlook.”... “But there is no softening in the concerns about supply chain or concerns about inflation. Those concerns are real. They're certainly remaining steady, if not building, in terms of the minds of business owners.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ZION\">锡安</a></b><b>（财务）：</b>“与我们过去几年观察到的情况相比，这一前景并没有反映出通胀的重大变化，我们认为这是对我们前景的一个新出现的、日益重要的风险。”...“但对供应链的担忧或对通货膨胀的担忧并没有软化。这些担忧是真实存在的。就企业主的心态而言，即使不是在发展，它们也肯定保持稳定”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> </b><b>(Financials):</b>&nbsp;“If we do see inflation, I actually think it's going to be modest, I don't think it's going to be something that would be a fundamental change that would cause the market to get overly spooked. But again, something to pay attention to, and that's just my own opinion.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SIVB\">SVB金融集团</a></b><b>（财务）：</b>“如果我们真的看到通货膨胀，我实际上认为它将是温和的，我不认为它会是一个根本性的变化，会导致市场过度恐慌。但同样，这是值得关注的事情，这只是我自己的看法。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/WRB\">WR Berkley</a> </b><b>(Financials): “</b>We continue to be very focused on inflation. From our perspective, inflation is very much here. There're some people that talked about it being this transient that may be true. I'm not quite sure when people talk about transient, well, how long is transient, regardless the costs of things are up today. But even if you saw inflation return to a 2.5% or 3% level, we continue to believe that the 10-year at 130% or less doesn't make a whole lot of sense for a long run.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WRB\">WR伯克利</a></b><b>（财务）：“</b>我们继续非常关注通货膨胀。从我们的角度来看，这里的通货膨胀非常严重。有些人说这是短暂的，这可能是真的。我不太确定当人们谈论短暂时，嗯，多久是短暂的，不管今天东西的成本是多少。但即使你看到通胀率回到2.5%或3%的水平，我们仍然认为，从长远来看，10年期通胀率保持在130%或更低的水平并没有多大意义。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/RHI\">Robert Half</a> </b><b>(Industrials):</b>&nbsp;“We're passing through the wage inflation that we're having and we've actually expanded our margin.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/RHI\">罗伯特·哈夫</a></b><b>（工业）：</b>“我们正在经历工资通胀，实际上我们已经扩大了利润率”。</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>Corporate Margins Set To Tumble As Companies Freak Out About Surge In \"Bad Inflation\"<blockquote>由于企业对“糟糕的通胀”激增感到恐慌，企业利润率将暴跌</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\">\nCorporate Margins Set To Tumble As Companies Freak Out About Surge In \"Bad Inflation\"<blockquote>由于企业对“糟糕的通胀”激增感到恐慌，企业利润率将暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-03 07:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>First the good news: according to Bank of America's earnings tracker, Q2 earnings season is already <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the strongest in history (as one would expect following trillions in fiscal and monetary stimulus and comping off the catastrophic Q2 of 2020 when covid shut down the economy), and following the busiest earnings week of 2Q, 296 S&amp;P 500 companies (76% of index earnings) have reported. 2Q EPS is now tracking a 13% beat or $51.12, topping BofA's estimate of $50 or an 11% beat; and far above the historical average since the start of earnings season.</p><p><blockquote>首先是好消息：根据美国银行的盈利追踪器，第二季度财报季已经开始<a href=\"https://laohu8.com/S/AONE.U\">一</a>历史上最强劲的公司之一（正如人们所预期的那样，在数万亿美元的财政和货币刺激措施以及弥补 2020 年第二季度新冠疫情导致经济关闭的灾难性灾难之后），以及在第二季度最繁忙的财报周之后，296 家标普500公司（占指数收益的 76%）已报告。第二季度每股收益目前超出 13%，即 51.12 美元，超过美国银行预期的 50 美元，即超出 11%；远高于财报季开始以来的历史平均水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0716a10a73647f8d7215368a92b625a\" tg-width=\"500\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> To avoid the skewed 2020 data and doing a two-year lookback, 2Q is now expected to be +83% YoY or +24% vs. 2Q19, vs. last quarter’s 25% 2-yr growth rate. Financials, Communication Services, and Consumer Discretionary led the EPS beat, while revenues are also coming in red hot and tracking a 3% beat, led by Energy.</p><p><blockquote>为了避免 2020 年的数据出现偏差，并进行两年回顾，目前预计第二季度同比增长 83%，与 2019 年第二季度相比增长 24%，而上一季度的两年增长率为 25%。金融、通信服务和非必需消费品引领每股收益增长，而收入也火热，在能源的带领下增长了 3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98d74a1ff25d94d2f21cb76c7a0feeb4\" tg-width=\"500\" tg-height=\"219\" referrerpolicy=\"no-referrer\">More importantly, the proportion of beats also remained strong: 83%/85%/74% of companies beat on EPS/sales/both, representing the best proportion of beats in history (since 2011).</p><p><blockquote>更重要的是，击败的比例也保持强劲：83%/85%/74%的公司在每股收益/销售额/两者上击败，代表了历史上（自2011年以来）最好的击败比例。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/52a434c5a68c9f21dc2194bf17ec5968\" tg-width=\"500\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Looking at the top line, analysts now expect 2Q sales to rise 21% YoY, vs. 14% YoY last quarter. Energy is expected to lead (+102%), while Financials are forecast to be the biggest drag (-4%). Here, BofA estimates that FX tailwinds thanks to a weaker dollar added about 3% to YoY sales growth (Exhibit 4), representing the biggest benefit since 2011. Excluding FX/oil impacts, constant-currency sales growth for the S&amp;P 500 ex. Fins. &amp; Energy is expected to be +15% YoY (Exhibit 5), accelerating from the 13% growth last quarter.</p><p><blockquote>从营收来看，分析师目前预计第二季度销售额将同比增长 21%，而上一季度同比增长 14%。能源预计将领先（+102%），而金融预计将成为最大的拖累（-4%）。在这里，美国银行估计，美元走软带来的外汇利好使同比销售增长增加了约3%（图表4），这是自2011年以来的最大收益。排除外汇/石油影响，标普500 ex的固定货币销售增长。芬斯。能源预计同比增长 15%（图表 5），较上季度 13% 的增长率有所加快。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a083b38acb227f2d401ebf396c3c322\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> What is more surprising is that in a quarter when many predicted margins would be hit by surging input costs, not only was that not the case but&nbsp;<b>companies once again posted skyhigh margins, with 2Q net margins (ex-Financials) jumping to a new high at 13.0%, topping last quarter’s 12.5%.</b>&nbsp;This was consistent with BofA's Corporate Misery Indicator, which rose to a record high (“least miserable”) in 2Q, indicating&nbsp;<b>it was among the most favorable macro environment for corporate margins in history since 1978!</b></p><p><blockquote>更令人惊讶的是，在一个季度，许多预测的利润率将受到投入成本飙升的打击，但情况不仅并非如此，而且<b>公司再次公布了天价利润率，第二季度净利润率（不含财务利润率）跃升至 13.0% 的新高，超过了上一季度的 12.5%。</b>这与美国银行的企业悲惨指数一致，该指数在第二季度升至历史新高（“最不悲惨”），表明<b>这是自1978年以来历史上对企业利润率最有利的宏观环境之一!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/aaf7e16f03f8f1610b1948ada2c2ce75\" tg-width=\"500\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> How is this possible in a time when numerous commodity prices have hit never before seen levels? Simple: companies have experienced virtually no pushback to rising prices as most Americans can easily absorb the rampant inflation. Indeed, as IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Chief Economist Chris Williamsoncommented in todaythis is \"<b>perhaps the strongest sellers’ market that we’ve seen since the survey began in 2007</b>,<b>with suppliers hiking prices for inputs into factories at the steepest rate yet recorded and manufacturers able to raise their selling prices to an unprecedented extent, as both suppliers and producers often encounter little price resistance from customers.</b>\" It remains to be seen just how long such a \"seller's market\" will be the norm, although we expect it to reverse quite painfully once government handouts end.</p><p><blockquote>在许多大宗商品价格达到前所未有的水平的时候，这怎么可能呢？很简单：公司几乎没有遇到价格上涨的阻力，因为大多数美国人可以轻松地消化猖獗的通货膨胀。事实上，作为IHS<a href=\"https://laohu8.com/S/MRKT\">市场</a>首席经济学家克里斯·威廉姆森在《今日》杂志上评论道：“<b>这可能是自 2007 年开始调查以来我们见过的最强劲的卖方市场。</b>,<b>随着供应商以有史以来最高的速度提高工厂投入品的价格，制造商能够将销售价格提高到前所未有的程度，因为供应商和生产商通常很少遇到客户的价格阻力。</b>“这种“卖方市场”会成为常态多久还有待观察，尽管我们预计，一旦政府发放结束，这种情况将发生相当痛苦的逆转。</blockquote></p><p> In any case, that was the good news:&nbsp;<b>now the bad</b>and that was summarized best by BofA's Savita Subramanian who wrote that&nbsp;<b>\"we are starting to see the good inflation environment turning into a bad inflation environment with many companies citing accelerating cost inflation, particularly around wages.\"</b></p><p><blockquote>无论如何，这是个好消息：<b>现在坏的</b>美国银行的萨维塔·苏布拉马尼亚 (Savita Subramanian) 对此进行了最好的总结，她写道<b>“我们开始看到良好的通胀环境变成了糟糕的通胀环境，许多公司都提到成本通胀加速，尤其是在工资方面。”</b></blockquote></p><p> Indeed, as shown in the chart above, consensus margin expectations for 2H reflect this risk, with margins forecast to moderate to 12.6 % in 3Q and 12.5% in 4Q. But if cost pressure continues to accelerate, we could see more downside risk in 2H margins.</p><p><blockquote>事实上，如上图所示，2H 的普遍利润率预期反映了这种风险，第三季度的利润率预测将放缓至 12.6%，第四季度为 12.5%。但如果成本压力继续加剧，我们可能会在 2H 利润率中看到更多下行风险。</blockquote></p><p> And nobody captures this risk better than companies themselves: according to word counts of corporate earnings transcripts by BofA's Predictive Analytics team, mentions of “inflation” on 2Q earnings calls topped 1Q levels and jumped to a record high, based on BofA's Predictive Analytics team’s analysis.&nbsp;<b>On a YoY basis, inflation mentions rose nearly 1100% YoY, outpacing the 900% increase we saw last quarter.</b></p><p><blockquote>没有人比公司本身更能捕捉到这种风险： 根据美国银行预测分析团队对企业收益成绩单的字数，根据美国银行预测分析团队的分析，第二季度收益评级中提及 “通货膨胀 ”的次数超过了第一季度的水平，并跃升至历史新高。<b>按年计算，通胀提及量同比增长近 1100%，超过了上季度 900% 的增幅。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/42b5b77e1ca11db2481ecccefbc904da\" tg-width=\"500\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Notably, labor-related mentions - i.e., discussion of rising wages - rose the most among inflation categories BofA tracks in 2Q, up 155% YoY. This compares to last quarter when labor-related mentions rose the least (+12% YoY), pointing to soaring wage pressure, and is why BofA remains cautious on labor-intensive Consumer Discretionary and Industrials.</p><p><blockquote>值得注意的是，与劳工相关的提及——即关于工资上涨的讨论——在美国银行第二季度跟踪的通胀类别中增幅最大，同比增长155%。相比之下，上一季度与劳动力相关的提及增幅最小（同比+12%），表明工资压力飙升，这也是美国银行对劳动密集型非必需消费品和工业产品保持谨慎的原因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9235c28e23278de9e719e21da1cf0a78\" tg-width=\"500\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, supply-chain related mentions also more than doubled YoY (+106% vs. +17% YoY in 1Q). Both supply chain and labor related mentions rose to record highs in BofA data history since 2004.</p><p><blockquote>与此同时，与供应链相关的提及也同比增长了一倍多（第一季度同比增长 106%，而第一季度同比增长 17%）。自 2004 年以来，供应链和劳动力相关提及量均升至美国银行数据历史上的历史新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e01d32803023d4595f677af9258eddb\" tg-width=\"500\" tg-height=\"234\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> And before we dig through the actual earnings transcripts, we leave the most ominous finding for last: using earnings calls transcripts, BofA calculated sentiment for S&amp;P500 companies that have reported this earnings season (it used Loughran McDonald's financial dictionary to calculate sentiment scores.) Overall, BofA found that corporate sentiment dipped from a record high, indicating peak corporate sentiment amid inflation concerns and rising cases of the Delta variant.</p><p><blockquote>在我们深入研究实际的收益记录之前，我们将最不祥的发现留到最后：美国银行使用收益评级记录计算了本财报季报告的标准普尔 500 指数公司的情绪（它使用 Loughran McDonald 的金融词典来计算情绪分数）。总体而言，美国银行发现企业情绪从历史高位回落，表明在通胀担忧和 Delta 变体病例增加的情况下，企业情绪达到顶峰。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1fc45084868c36d4b2e90838ee476b4e\" tg-width=\"500\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Similarly, companies mentions of business condition (ratio of mentions of “better” or “stronger” vs. “worse” or “weaker”)&nbsp;<b>indicate weaker business conditions vs. the peak level last quarter</b>. Mentions of optimism also declined from the peak levels in the prior two quarters.</p><p><blockquote>同样，公司对业务状况的提及（“更好”或“更强”与“更差”或“更弱”的提及比例）<b>与上季度的峰值水平相比，表明商业状况较弱</b>乐观情绪的提及也从前两个季度的峰值水平有所下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d3ca73d0965ee396ac65e72bbcccaed3\" tg-width=\"500\" tg-height=\"218\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> To summarize: yes, Q2 earnings were a huge beat and margins were a record high... but it's all downhill from here as the \"bad inflation\" (to companies, and very good inflation to workers) is about to roll down the income statement, resulting in sharply lower margins and deteriorating earnings. And insiders know this well, which is why corporate sentiment has already rolled over and is down despite a true earnings bonanza, and is also why corporation optimism has moved sharply lower, a move which will accelerate to the downside as soon as margins are hit by surging wages and as soon companies can no longer pass through sharply higher input prices.</p><p><blockquote>总结一下：是的，第二季度盈利大幅增长，利润率创历史新高……但从现在开始，一切都在走下坡路，因为“糟糕的通胀”（对公司来说是糟糕的通胀，对工人来说是非常好的通胀）即将拉低损益表，导致利润率急剧下降和盈利恶化。业内人士很清楚这一点，这就是为什么尽管盈利确实丰厚，但企业情绪已经转向并下降，也是为什么企业乐观情绪大幅下降，一旦利润率受到工资飙升的打击，一旦企业无法再承受大幅上涨的投入价格，这一举动就会加速下行。</blockquote></p><p> <i>Finally, courtesy of BofA, here is a snapshot of what some of the most notable companies just said about inflation, bad or otherwise:</i></p><p><blockquote><i>最后，由美国银行提供，以下是一些最著名的公司刚刚对通胀发表的言论的快照，无论是坏的还是其他的：</i></blockquote></p><p> <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> </b><b>(Discretionary)</b>: “The other thing is wage pressure has become evident. We've talked about this a bit. The wage increase that we normally would do in October we pulled forward into May. We're spending a lot of money on signing and incentives. And while we have very good staffing levels, it's not without cost. It's a very competitive labor market out there and certainly the biggest contributor to inflationary pressures that we're seeing in the business.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b><b>（酌情）</b>: “另一件事是工资压力已经显现。我们已经讨论过这个问题。我们通常在 10 月份加薪，但我们提前到了 5 月份。我们在签约和激励措施上花了很多钱。虽然我们的人员配备水平非常好，但这并非没有代价。这是一个竞争非常激烈的劳动力市场，当然也是我们在这个行业看到的通胀压力的最大因素。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NWL\">Newell</a></b> <b>(Discretionary):</b>&nbsp;“We expect Q3 to be the peak quarter for inflation pressure, which will significantly weigh on the company's margin performance.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NWL\">纽维尔</a></b><b>（酌情）：</b>“我们预计第三季度将是通胀压力的高峰季度，这将严重影响公司的利润率表现。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ITW\">Illinois Tool</a> </b><b>(Industrials):</b>&nbsp;“We continue to expect price/cost impact to be EPS-neutral or better for the year. […] We continue to experience raw material cost increases, particularly in categories such as steel, resins and chemicals and now project raw material cost inflation at around 7% for the full year which is almost 5 percentage points higher than what we anticipated as the year began. And just for some perspective, this is roughly 2x what we experienced in the 2018 inflation/tariff cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ITW\">伊利诺伊工具</a></b><b>（工业）：</b>“我们继续预计今年的价格/成本影响将为每股收益中性或更好。[...] 我们的原材料成本继续上涨，尤其是在钢铁、树脂和化学品等类别，目前预计全年原材料成本通胀率约为 7%，比我们年初时的预期高出近 5 个百分点。从某种角度来看，这大约是2018年通胀/关税周期的两倍。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CHD\">Church &amp; Dwight</a></b> <b>(Staples):</b>&nbsp;“We now expect full year gross margin to be down 75 basis points. This represents an incremental impact from our last guidance due to broad-based inflation on raw materials and transportation costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CHD\">丘奇&amp;德怀特</a></b><b>（订书钉）：</b>“我们现在预计全年毛利率将下降 75 个基点。由于原材料和运输成本的广泛通胀，这代表了我们上次指导的增量影响”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IP\">International Paper</a> </b><b>(Materials):</b>&nbsp;“We do expect further input cost inflation in the third quarter with substantial pressure on OCC and transportation costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IP\">国际纸业</a></b><b>（材料）：</b>“我们预计第三季度投入成本将进一步上涨，OCC 和运输成本将面临巨大压力”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/HSY\">Hershey</a></b> <b>(Consumer Discretionary):</b>&nbsp;“In the second half of the year, we expect increased packaging and freight costs to continue. We also expect labor costs to remain elevated as higher levels of marketplace attrition contribute to more overtime and accelerated hiring to keep pace with demand. While we expect more price realization in the second half versus the first half, we also expect less sales volume benefits... And then in addition, I think labor rates in general and labor availability in general are a pressure point beyond just volume. The market for labor is challenging. And so just like everyone, we want to make sure we are staying ahead of the curve on hiring, making sure our value proposition at our plants is attractive. And packaging inflation similar, packaging inflation we touched on a little bit on the last call. It's still a pressure point. I think we're still optimistic we're going to see that moderate as we go forward, but we haven't seen it yet. And so, it is a combination of those transitory costs on the back of the higher volume and a few things that are a little bit [stickier] here as we look across the balance of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HSY\">好时</a></b><b>（非必需消费品）：</b>“下半年，我们预计包装和运输成本将继续上涨。我们还预计劳动力成本将居高不下，因为市场流失加剧导致加班时间增加，招聘速度加快，以满足需求。虽然我们预计下半年的价格实现幅度将高于上半年，但我们也预计销量收益将减少....此外，我认为总体劳动力率和总体劳动力可用性是一个不仅仅是数量的压力点。劳动力市场充满挑战。因此，就像每个人一样，我们希望确保我们在招聘方面保持领先地位，确保我们工厂的价值主张具有吸引力。包装通货膨胀类似，我们在上次看涨期权中稍微提到了包装通货膨胀。还是一个压力点。我认为我们仍然乐观地认为，随着时间的推移，我们将看到温和的情况，但我们还没有看到。因此，这既是销量增加背后的临时成本，也是今年剩余时间里一些更棘手的问题。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/TFX\">Teleflex</a></b> <b>(Health Care):</b>&nbsp;“Any inflation that we saw, we saw it begin last year in transportation. So, that was already in our run rate. And we saw some modest inflation in some of our resins, but it was pretty – it's very manageable, and we're going to more than offset it with really positive pricing and building momentum in the quarter with that positive pricing.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/TFX\">电传</a></b><b>（医疗保健）：</b>“我们看到的任何通货膨胀，都是从去年交通运输领域开始的。因此，这已经是我们的运行速度了。我们的一些树脂产品也出现了一些适度的通货膨胀，但这很好--很容易控制，我们将通过真正积极的定价来抵消这一影响，并在本季度以积极的定价为动力。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LKQ\">LKQ Corp</a> </b><b>(Consumer Discretionary):</b>&nbsp;“Across all of our segments, we are experiencing some level of supply chain shortages and disruptions. These disruptions are creating product scarcity and freight delays that are resulting in meaningful availability pressures in certain product lines. The supply chain challenges are also driving product inflation, which in turn, is generating the most robust pricing environment we've seen in years. Across all of our segments, we have been very effective in passing along these costs as witnessed by our margin performance. Alongside supply chain inflationary pressures, like many businesses across the globe, we are facing wage inflation and increased competition for labor.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LKQ\">LKQ公司</a></b><b>（非必需消费品）：</b>“在我们所有的业务板块中，我们都遇到了一定程度的供应链短缺和中断。这些中断造成了产品短缺和货运延误，给某些产品线带来了巨大的供应压力。供应链挑战也在推动产品通货膨胀，进而造成了我们多年来最强劲的定价环境。在我们的所有细分市场中，我们在转嫁这些成本方面非常有效，我们的利润率表现就证明了这一点。除了供应链的通胀压力，就像全球许多企业一样，我们还面临着工资上涨和劳动力竞争的加剧。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MAS\">Masco</a></b> <b>(Industrials):</b>&nbsp;“We continue to see escalating inflation across most of our cost basket, including freight, resins, TiO2 and packaging. Inbound freight container costs nearly tripled during the quarter. We now expect our all-in cost inflation to be in the high single-digit range for the full year for both our Plumbing and Decorative segments, with low double-digit inflation in the second half of the year.</p><p><blockquote><b><a href=\"https://laohu8.com/S/MAS\">马斯科</a></b><b>（工业）：</b>“我们的大部分成本篮子，包括货运、树脂、二氧化钛和包装，通货膨胀继续升级。本季度入境货运集装箱成本几乎增加了两倍。我们现在预计，管道和装饰业务全年的总成本通胀率都将在个位数的高位区间内，下半年的通胀率将低于两位数。</blockquote></p><p> Inflation in coatings will likely be in the mid-teens later in the fourth quarter. To mitigate this inflation, we have secured price increases across both segments and are taking further pricing action across our business to address these continued cost escalations. We are also working with our suppliers, customers and internal teams to implement further productivity measures to help offset these costs. Despite the increased inflation, we still expect to achieve price/cost neutrality by year-end. While cost inflation has clearly been an issue, material availability has also impacted our business.”</p><p><blockquote>第四季度晚些时候，涂料的通货膨胀率可能会达到十几岁左右。为了缓解这种通货膨胀，我们已确保两个细分市场的价格上涨，并正在整个业务采取进一步的定价行动，以应对这些持续的成本上涨。我们还与供应商、客户和内部团队合作，实施进一步的生产力措施，以帮助抵消这些成本。尽管通货膨胀加剧，我们仍预计在年底前实现价格/成本中性。虽然成本膨胀显然是一个问题，但材料可用性也影响了我们的业务。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FBHS\">Fortune Brands Home &amp; Security</a> </b><b>(Industrials):</b>&nbsp;“While inflation headwinds were anticipated, they continued to strengthen throughout the quarter. As I mentioned earlier, we are taking incremental actions during the second half of the year to offset increased inflation. […]Through this combination of cost and thoughtful pricing actions, we plan to offset all inflationary headwinds this year and expect to deliver 2021 operating margin improvement.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FBHS\">财富品牌家居与安全</a></b><b>（工业）：</b>“虽然通胀不利因素在意料之中，但在整个季度，通胀不利因素继续加强。正如我之前提到的，我们将在下半年采取渐进行动，以抵消通胀的上升。[...]通过这种成本和深思熟虑的定价行动的结合，我们计划在今年抵消所有通胀不利因素，并有望在 2021 年实现营业利润率的改善”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AVY\">Avery Dennison</a> </b><b>(Materials):</b>&nbsp;“Given the increasing inflationary pressures, we are redoubling our efforts on material re-engineering and again raising prices. We are targeting to close the inflation gap relative to mid last year by the fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/AVY\">艾利丹尼森</a></b><b>（材料）：</b>“鉴于通胀压力不断增加，我们正在加倍努力进行材料再造，并再次提高价格。我们的目标是在第四季度之前缩小与去年年中相比的通胀差距”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IEX\">IDEX Corp</a> </b><b>(Industrials):</b>“We anticipated rising inflation as the global economy recovered, but like many, did not imagine the sharp rate of increase. This narrowed our spread between price capture and material costs, although we remain positive overall. Our teams leveraged the systematic investments we made a few years ago in pricing management and aggressively deployed two, sometimes three pricing adjustments with precision. We are on track to expand our price/cost spread to typical levels as we travel to the back half of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IEX\">伊德克斯公司</a></b><b>（工业）：</b>“我们预计随着全球经济复苏，通货膨胀率会上升，但和许多人一样，我们并没有想到通货膨胀率会如此之快。这缩小了我们在价格捕获和材料成本之间的差距，尽管我们总体上保持乐观。我们的团队利用几年前在定价管理方面所做的系统性投资，积极精确地部署了两次，有时是三次定价调整。随着我们进入下半年，我们有望将价格/成本价差扩大到典型水平。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Lines</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“It's a tighter labor market than certainly we're used to. Of course, I've been here for a long time and I don't ever remember the growth percentages in the past that we've got today. So, it's definitely a bigger challenge than it's ever been.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ODFL\">旧自治领货运公司</a></b><b><b>(</b></b><b>工业）：</b>“劳动力市场比我们习惯的要紧张。当然，我在这里待了很长时间，我从来不记得我们今天的增长率是多少。因此，这绝对是一个比以往更大的挑战”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MHK\">Mohawk</a> </b><b>(Consumer Discretionary):</b>&nbsp;“We anticipate material and freight challenges will continue to impact our business in the third quarter. To compensate for material inflation, we have increased prices and we expect further increases will be required as our costs continue to rise”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MHK\">莫霍克</a></b><b>（非必需消费品）：</b>“我们预计第三季度材料和运费方面的挑战将继续影响我们的业务。为了弥补材料通货膨胀，我们提高了价格，随着成本的持续上升，我们预计还需要进一步提高价格。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MDLZ\">Mondelez</a> </b><b>(Staples):</b>&nbsp;“As we said many times, inflation and commodity costs are higher than we originally anticipated at the start of 2021, but we continue to believe that they are manageable. In terms of pricing and inflation, I would say there is going to be more in the second part of the year. To start with, our pipeline of commodities and FX has been advantageous in the first part of the year, and we expect some commodities and FX impact to be relatively higher in the second part. So there will be some more pressure in Q3 specifically, but we will continue to be very disciplined in terms of costs and pricing.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MDLZ\">亿滋</a></b><b>（订书钉）：</b>“正如我们多次说过的那样，2021 年初的通货膨胀和商品成本高于我们最初的预期，但我们仍然相信它们是可控的。就定价和通货膨胀而言，我认为下半年还会有更多的情况发生。首先，我们的商品和外汇管道在今年上半年一直具有优势，我们预计下半年一些商品和外汇的影响相对较高。因此，第三季度的压力会更大，但我们将继续在成本和定价方面严格遵守。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a></b> <b>(Consumer Discretionary):</b>&nbsp;“While we're thrilled with our margin performance in Q3, we expect it to moderate slightly in Q4 primarily due to the growing impact of inflation coupled with incremental investments critical to our continued growth.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SBUX\">星巴克</a></b><b>（非必需消费品）：</b>“虽然我们对第三季度的利润率表现感到兴奋，但我们预计第四季度的利润率将略有放缓，这主要是由于通货膨胀的影响越来越大，再加上对我们持续增长至关重要的增量投资。”</blockquote></p><p> “So in Q3 we had outstanding performance, but within that we covered headwinds in the Americas business of about 70 basis points. And we expect headwinds related to rising costs and inflationary pressures to continue into Q4 which is reflected in the guidance that we've given.”</p><p><blockquote>“因此，我们在第三季度取得了出色的业绩，但在此期间，我们弥补了美洲业务约 70 个基点的不利因素。我们预计，与成本上升和通胀压力相关的不利因素将持续到第四季度，这反映在我们给出的指导中。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SHW\">Sherwin-Williams</a> </b><b>(Materials):</b>&nbsp;“Our gross margins were under considerable pressure in the quarter given the sustained higher raw material costs. However, as we have demonstrated in past inflationary cycles, we are fully committed to offsetting these costs, and we announced additional pricing actions in the quarter, which will be realized as the year goes on.”... “We anticipate year-over-year inflation in the third quarter to be higher than it was in the second quarter with only slight improvement in the fourth quarter as demand remains high.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SHW\">舍温-威廉姆斯</a></b><b>（材料）：</b>“由于原材料成本持续上涨，我们的毛利率在本季度承受着相当大的压力。然而，正如我们在过去的通胀周期中所证明的那样，我们完全致力于抵消这些成本，我们在本季度宣布了额外的定价措施，这些措施将在今年继续实施。”...“我们预计第三季度的同比通胀率将高于第二季度，第四季度仅略有改善，因为需求仍然很高。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/WM\">Waste Management</a></b> <b>(Industrials):</b>&nbsp;“It's no surprise to anyone who follows economic indicators that most businesses are experiencing inflation in their costs throughout 2021 and our business is no exception, particularly with regard to labor. We expect to overcome these pressures by increasing operating efficiencies and executing on our disciplined pricing programs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WM\">废物管理</a></b><b>（工业）：</b>“对于任何关注经济指标的人来说，2021 年大多数企业的成本都在上涨，这并不奇怪，我们的企业也不例外，尤其是在劳动力方面。我们希望通过提高运营效率和执行我们严格的定价计划来克服这些压力”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/RSG\">Republic</a> </b><b>(Industrials):</b>&nbsp;“we're seeing very modest inflation in this year's economics; kind of do an annual increase and we give our people a fair increase every year. We expect that certainly to tick up next year, but to be more than offset by our ability to price through that. And so we think that inflation net-net will be margin expanding for us.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/RSG\">共和国</a></b><b>（工业）：</b>“在今年的经济中，我们看到的通货膨胀率非常温和；每年都在增长，我们每年都给我们的人民带来公平的增长。我们预计明年的通货膨胀率肯定会上升，但这将被我们的定价能力所抵消。因此，我们认为通货膨胀净额将扩大我们的利润率”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LW\">Lamb Weston Holdings, Inc.</a> </b><b>(Staples):</b>&nbsp;“As a result, we expect input cost inflation, especially for edible oils packaging and transportation to be a significant headwind for fiscal 2022. Our goal is to offset inflation using combination of levers including pricing. To that end, we just began implementing broad-based price increases in our Foodservice and Retail segments, and don't expect to see the most of their benefit until our fiscal third quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LW\">兰姆·韦斯顿控股公司。</a></b><b>（订书钉）：</b>“因此，我们预计投入成本通胀，尤其是食用油包装和运输的投入成本通胀，将成为 2022 财年的一大阻力。我们的目标是利用包括定价在内的多种杠杆来抵消通货膨胀。为此，我们刚刚开始在餐饮服务和零售部门实施大范围的提价，预计要到第三财季才能看到大部分收益。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IQV\">IQVIA</a> </b><b>(Health Care):</b>&nbsp;“it's no secret that given the strength of the industry backdrop, there's obviously strong competition for talent. […] Now does it cause a certain amount of anxiety in the industry? And yes, it's true. And has it caused some level of wage inflation? Yes, that is true. There is also a little bit of an uptick in attrition levels as a consequence of all of that. All of that is true... But again, we feel confident. We do not anticipate this to cause any significant – there will be some level of headwind to our margins, but we have so many programs and productivity measures and process improvement measures in place that we are confident we will overwhelm.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IQV\">伊克维亚</a></b><b>（医疗保健）：</b>“众所周知，鉴于行业背景的强大，对人才的竞争显然非常激烈。[.] 现在这是否会给行业带来一定程度的焦虑？是的，确实如此。这是否导致了一定程度的工资上涨？是的，确实如此。因此，员工流失率也略有上升。所有这些都是真的……但同样，我们感到自信。我们预计这不会造成任何重大影响——我们的利润率会受到一定程度的阻力，但我们有如此多的项目、生产力措施和流程改进措施，我们有信心将不胜负荷。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/KMB\">Kimberly-Clark</a> </b><b>(Staples):</b>&nbsp;“Obviously, given that amount and given our outlook, we are covering a significant portion of that, but we can't practically cover all of that this year […] And so, what I would say is, part one, our pricing implementation is largely on track and we expect to fully offset inflation over time. Not all this year, but over time.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/KMB\">金佰利</a></b><b>（订书钉）：</b>“显然，考虑到这一数额和我们的前景，我们已经覆盖了其中的很大一部分，但今年我们实际上无法覆盖所有这些[.] 因此，我想说的是，第一部分，我们的定价实施基本步入正轨，我们预计随着时间的推移将完全抵消通货膨胀。不是这一整年，而是随着时间的推移。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SWK\">Stanley Black &amp; Decker</a></b> <b>(Industrials):</b>&nbsp;“We continue to see elevated commodity prices and now expect $260 million of commodity inflation in the second half versus our prior assumption of $210 million. In particular, elevated steel pricing is largely driving the $50 million increase. We are now in the full implementation mode and believe we should be in a position to offset approximately 50% of the 2021 headwind, netting material inflation and better price realization is a neutral effect versus the prior guidance. The goal is to have our actions in place during the third quarter, so the 2022 carryover benefits of price and margin actions fully offset the carryover inflation”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SWK\">史丹利百得公司</a></b><b>（工业）：</b>“我们继续看到大宗商品价格上涨，现在预计下半年大宗商品通胀将达到 2.6 亿美元，而我们之前的假设为 2.1 亿美元。特别是钢铁定价的上涨在很大程度上推动了 5000 万美元的上涨。我们现在正处于全面实施模式，相信我们应该能够抵消 2021 年约 50% 的不利因素，与之前的指导相比，净材料通胀和更好的价格实现是中性影响。我们的目标是在第三季度采取行动，以便2022年价格和利润率行动的结转效益完全抵消结转通胀”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PNR\">Pentair PLC</a></b> <b>(Industrials):</b>&nbsp;“Regarding the current inflationary environment, we have implemented further price increases and we expect the price cost gap to further narrow in the second half.”... “Consistent with our guidance, the second quarter did not see price fully offset inflation as we saw higher inflation that we have continued to implement price increases to help offset. The second half should see price costs start to even out. But an unprecedented amount of material and wage inflation coupled with robust demand has contributed to price reading out at a slower pace. Our forecast reflects our expectations that material shortages and inflation are not going away nor will they improve materially.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PNR\">Pentair PLC</a></b><b>（工业）：</b>“鉴于当前的通胀环境，我们已经实施了进一步的价格上涨，我们预计下半年价格成本差距将进一步缩小。”...“与我们的指导一致，第二季度的物价并没有完全抵消通货膨胀，因为我们看到了较高的通货膨胀，我们继续实施提价措施来帮助抵消通货膨胀。下半年价格成本应该会开始趋于平稳。但是，前所未有的材料和工资通货膨胀，加上强劲的需求，导致价格读数放缓。我们的预测反映了我们的预期，即材料短缺和通货膨胀不会消失，也不会有实质性改善。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FTV\">Fortive</a></b> <b>(Industrials)</b>: “Even though we are seeing a little bit of cost inflation, we're still going to be net – significantly net in a good shape relative to material cost reductions for the year. So material cost reductions will still be a profit improver for the year, even though we've seen a little bit more inflation than typical, we still are in a very good shape relative to price cost, not only because of price, but also because we've done a nice job on the cost reduction side as well.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FTV\">强壮的</a></b><b>（工业）</b>: “尽管我们看到了一点成本通胀，但我们仍将实现净亏损--相对于今年材料成本的降低，我们仍将实现净亏损。因此，材料成本的降低仍将是今年利润的改善因素，尽管我们的通货膨胀率比往年略高，但相对于价格成本，我们的状况仍然非常好，这不仅是因为价格，还因为我们在降低成本方面做得很好。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CL\">Colgate-Palmolive</a></b> <b>(Staples):</b>&nbsp;“We expect raw material costs to remain elevated throughout 2021, but we do expect some sequential lessening of inflation as we get into the fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CL\">高露洁棕榄</a></b><b>（订书钉）：</b>“我们预计 2021 年全年原材料成本仍将居高不下，但进入第四季度后，我们确实预计通胀将逐步下降。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JCI\">Johnson Controls</a></b> <b>(Industrials):</b>&nbsp;“Although lead times and conversion cycles are stretching, we believe conditions will begin to improve over the next couple of quarters. We are successfully leveraging our pricing capabilities to offset inflation, and we still expect to remain price cost positive for the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JCI\">江森自控</a></b><b>（工业）：</b>“虽然交货期和转换周期正在延长，但我们相信未来几个季度的情况将开始改善。我们正在成功地利用我们的定价能力来抵消通货膨胀，我们仍然预计今年的价格成本将保持正值。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a></b> <b>(Industrials):</b>&nbsp;“We know what happens in an inflationary environment, don't we? Somebody pays for it. It's usually the consumer, which means, right, that price increases get passed along all the way to the end to the consumer until the consumer says, ouch, I'm not going to buy any more. The consumer continues to buy. So there we are in the cycle, and this is a cycle, right. This is a cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/UPS\">联合包裹服务公司</a></b><b>（工业）：</b>“我们知道在通货膨胀环境下会发生什么，不是吗？有人为此买单。通常是消费者，这意味着，对，价格上涨会一直转嫁到消费者身上，直到消费者说，哎呀，我不买了。消费者继续购买。所以我们在循环中，这是一个循环，对吧。这是一个循环。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PKG\">Packaging Corp of America</a></b> <b>(Materials):</b>&nbsp;“These items were partially offset by higher operating costs of $0.57, primarily due to inflation-related increases in the areas of labor infringes, repairs, materials and supplies, recycled fiber cost, as well as other indirect and fixed cost areas Inflation associated with most of the operating costs as well as freight and logistics expenses is expected to continue.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PKG\">美国包装公司</a></b><b>（材料）：</b>“这些项目被 0.57 美元的运营成本增加部分抵消，这主要是由于与通货膨胀相关的劳动力侵权、维修、材料和用品、再生纤维成本以及其他间接和固定成本领域的增长。与大部分运营成本以及货运和物流费用相关的通货膨胀预计将持续下去。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/GLW\">Corning</a> </b><b>(Tech):</b>&nbsp;“Now during the quarter, we continue to face supply chain disruptions and inflationary headwinds. Planning and increased output allowed us to reduce costly airfreight, but the sequential improvement was offset by increases in shipping rates and the cost of certain raw materials such as resin, a key component in our Optical and Life Sciences businesses. […] So right now, we're clearly facing a lot of supply chain disruptions and inflationary pressure. And what we saw in the first quarter was, of course, a lot of that relative to freight and logistics. We had plans to mitigate that. We actually did those mitigations. But then there were other things that occurred, particularly around increased resin cost. So as we think about the guide, in particular the guide for the third quarter, we thought it was prudent to assume that, that 150 basis points drag that's coming from those inflationary and supply chain logistics costs would continue.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GLW\">康宁</a></b><b>（技术）：</b>“本季度，我们继续面临供应链中断和通货膨胀的阻力。规划和产量的增加使我们能够减少昂贵的空运费用，但运费和某些原材料（如树脂）成本的上涨抵消了连续的改善，树脂是我们光学和生命科学业务的关键组成部分。[…]所以现在，我们显然面临着很多供应链中断和通胀压力。当然，我们在第一季度看到的与货运和物流有关。我们有计划来减轻这种情况。我们实际上做了这些缓解措施。但随后还发生了其他事情，特别是围绕树脂成本增加。因此，当我们考虑指南，特别是第三季度的指南时，我们认为谨慎的假设是，通货膨胀和供应链物流成本带来的 150 个基点的拖累将持续下去。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/IR\">Ingersoll Rand Inc.</a> </b><b>(Industrials):</b>&nbsp;“Since the end of Q1 of 2021 of this year, we have seen inflation and we call inflation here direct material and logistics, continue to increase, which is the reason why we acted on additional pricing actions. I'll say those pricing actions are offsetting the incremental inflation that we're expecting to see in the second half.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/IR\">英格索兰公司。</a></b><b>（工业）：</b>“自今年 2021 年第一季度末以来，我们看到通货膨胀和看涨期权直接材料和物流的通货膨胀持续上升，这就是我们采取额外定价行动的原因。我想说的是，这些定价行动正在抵消我们预计下半年将出现的增量通货膨胀。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HIG\">Hartford</a></b> <b>(Financials):</b>&nbsp;“As we listen to inflationary expectations, we expect some of those trends will be with us into the third quarter, fourth quarter. But I think that given our trends, our expectations to the year haven't changed materially and we're on top of our selections and I think we're in good shape as we move into Q3.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HIG\">哈特福德</a></b><b>（财务）：</b>“当我们听取通胀预期时，我们预计其中一些趋势将持续到第三季度和第四季度。但我认为，从我们的趋势来看，我们对今年的预期并没有发生实质性变化，我们的选择是最重要的，我认为我们在进入第三季度时状态良好。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PHM\">PulteGroup</a></b> <b>(Consumer Discretionary):</b>&nbsp;“As reflected in the increases in our sales prices and gross margin, we've been able to pass on the meaningful cost inflation we have incurred over the course of the year. At this point, we now expect house costs to be up between 9% and 11% for the full year with the peak of certain costs, driven by lumber flowing through in the third and fourth quarters. Even with the ongoing rise in build costs, we still see opportunity for gross margins to move higher over the remaining two quarters of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PHM\">普尔特集团</a></b><b>（非必需消费品）：</b>“正如我们销售价格和毛利率的增长所反映的那样，我们已经能够转嫁一年来发生的有意义的成本上涨。目前，我们预计全年房屋成本将上涨 9% 至 11%，在第三和第四季度木材流入的推动下，某些成本将达到峰值。即使建造成本持续上涨，我们仍然看到今年剩余两个季度毛利率有机会提高。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/BSX\">Boston Scientific</a> </b><b>(Health Care):</b>&nbsp;“[We] expect slight improvements in second half gross margin compared to the first half, though still not at full year 2019 levels, as other headwinds remain, in particular, the lingering cost of running plants with COVID-specific measures, as well as some impact from inflation.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/BSX\">波士顿科学</a></b><b>（医疗保健）：</b>“[我们]预计下半年毛利率将比上半年略有改善，但仍未达到2019年全年的水平，因为其他不利因素依然存在，特别是采用COVID特定措施运营工厂的挥之不去的成本，以及通货膨胀的一些影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HAS\">Hasbro</a> </b><b><b>(</b></b><b>Consumer Discretionary):</b>&nbsp;“We talked earlier about ocean freight in some of our prepared remarks and we're seeing those costs are over four times higher than what we had been experiencing earlier or last year even. So, we expect a lot of those costs to continue. But between cost of sales and that, we do expect our gross margin to be slightly down from a year ago, but we do expect the price increases that we've taken to offset our increased costs”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HAS\">孩之宝</a></b><b><b>(</b></b><b>非必需消费品）：</b>“我们之前在一些准备好的发言中谈到了海运，我们发现这些成本比我们之前甚至去年的情况高出四倍多。因此，我们预计这些成本还会继续存在。但在销售成本和销售成本之间，我们预计我们的毛利率将比一年前略有下降，但我们预计我们为抵消成本增加而采取的价格上涨”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/GE\">General Electric Co</a></b> <b>(Industrials):</b>&nbsp;“Looking forward to the second half of 2021 and into 2022, although inflation pressure is likely to increase particularly in Aviation and Renewables, we expect the net inflation impact to be limited.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GE\">通用电气公司</a></b><b>（工业）：</b>“展望 2021 年下半年和 2022 年，尽管通胀压力可能会增加，尤其是在航空和可再生能源领域，但我们预计净通胀影响将有限。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/OTIS\">Otis Worldwide Corp</a></b> <b>(Industrials):</b>&nbsp;“This high inflationary environment that we're seeing should help us on Service pricing because most of our contracts in Europe and Americas have price escalators kind of built-in that are largely tied to labor inflation. And, historically, we've always had that lever but given low inflationary environment in the macro market, the prices don't always stick. And now, with this inflationary environment, we should have a greater ability to stick those prices, so that should help next year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/OTIS\">奥的斯全球公司</a></b><b>（工业）：</b>“我们看到的这种高通胀环境应该有助于我们的服务定价，因为我们在欧洲和美洲的大多数合同都内置了价格自动扶梯，主要与劳动力通胀挂钩。而且，从历史上看，我们一直都有这种杠杆，但鉴于宏观市场的低通胀环境，价格并不总是坚持下去。现在，在这种通胀环境下，我们应该有更大的能力来维持这些价格，这样明年应该会有所帮助。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/HON\">Honeywell</a></b> <b>(Industrials):</b>&nbsp;“so everywhere in our books of business that we can, we continue to pass through the inflation that's being seen in the materials and also in the labor because in the projects businesses, labor is also important as well.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HON\">霍尼韦尔</a></b><b>（工业）：</b>“因此，在我们的商业账簿中，无论在哪里，我们都会继续传递材料和劳动力中的通货膨胀，因为在项目业务中，劳动力也很重要”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SLB\">Schlumberger</a></b> <b>(Energy):</b>&nbsp;“But I believe that the tool box we have and the professional and very experienced organization we have in our planning and supply chain and manufacturing organization that are used to manage some inflationary pressure has allowed us to mitigate and edged this inflationary pressure and contain cost inflation […] under our roofs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SLB\">斯伦贝谢</a></b><b>（能量）：</b>“但我相信，我们拥有的工具箱，以及我们在规划、供应链和制造组织中拥有的专业且经验丰富的组织，这些组织习惯于管理一些通胀压力，使我们能够减轻和消除这种通胀压力，并将成本通胀[...]控制在我们的屋檐下”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/CE\">Celanese</a></b> <b>(Materials):</b>&nbsp;“But we did raise price more than we saw our materials increasing. And I think that's a question of mix. I mean what – we are in a very tight supply constrained situation. So we have been prioritizing our higher margin products and our higher market –higher margin region to really maximize the return that we get for the molecules thatwe have available to sell to the market.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CE\">塞拉尼塞</a></b><b>（材料）：</b>“但我们涨价的幅度确实超过了原材料的涨幅。我认为这是一个组合问题。我的意思是，我们正处于一个非常紧张的供应紧张的局面。因此，我们一直优先发展利润率较高的产品和市场--利润率较高的地区，以真正最大限度地提高我们可供市场销售的分子产品的回报。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ADM\">Archer-Daniels Midland</a> </b><b>(Materials):</b>&nbsp;“In our scenario, margins normalize, we have inflation and then we are able to offset a lot of that through growth and through productivity.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ADM\">阿彻-丹尼尔斯·米德兰</a></b><b>（材料）：</b>“在我们的设想中，利润率正常化，我们会出现通货膨胀，然后我们能够通过增长和生产率来抵消很多通货膨胀。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b> <b>(Tech):</b>&nbsp;“Since April, we have seen supply chain inflation happening faster than we are electing to pass through to our customers, further impacting our second half gross margin outlook.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b><b>（技术）：</b>“自 4 月份以来，我们看到供应链通货膨胀的速度超过了我们选择传递给客户的速度，进一步影响了我们下半年的毛利率前景。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“We are mindful of the tight job market, as well as general inflationary pressures. We expect to have wage rate inflation beyond our normal annual wage rate increases, as we want to be competitive to retain and attract talent, including the decision to increase the minimum hourly wage to $15 per hour across all workgroups, we now estimate, $5 million to $10 million of additional salary, wages, and benefits cost pressure in third quarter and approximately $15 million in fourth quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/LUV\">西南航空公司</a></b><b><b>(</b></b><b>工业）：</b>“我们注意到就业市场紧张以及普遍的通胀压力。我们预计工资通胀率将超过正常的年工资增幅，因为我们希望在留住和吸引人才方面具有竞争力，包括决定将所有工作群体的最低时薪提高到每小时 15 美元，我们现在估计，第三季度将增加 500 万至 1000 万美元的工资、工资和福利成本压力，第四季度将增加约 1500 万美元。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a> </b><b>(Consumer Discretionary):</b>&nbsp;“In the second quarter, there was significant pricing activity with our suppliers resulting in product cost inflation. We were positioned to pass these increases on to our customers and the impact of price inflation was neutral to gross margin. We estimate a 1.5% impact of inflation in automotive sales for the quarter and a 1% impact in industrial. Based on the current environment, we expect this to increase further through the second half of the year.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/GPC\">正品零件</a></b><b>（非必需消费品）：</b>“第二季度，我们与供应商进行了大量的定价活动，导致产品成本上涨。我们有能力将这些上涨转嫁给客户，而价格上涨对毛利率的影响是中性的。我们估计本季度通货膨胀对汽车销售的影响为 1.5%，对工业销售的影响为 1%。根据目前的环境，我们预计下半年这一数字将进一步增加。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NUE\">Nucor</a> </b><b>(Materials):</b>&nbsp;“So we'll see some price inflation that will cause working capital to go up further, but probably not at the same pace as we experienced in Q2.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NUE\">纽柯</a></b><b>（材料）：</b>“因此，我们将看到一些物价上涨，这将导致营运资本进一步上升，但速度可能不会像第二季度那样快。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/POOL\">Pool</a> </b><b>(Consumer Discretionary):</b>&nbsp;“Inflation, as we have previously mentioned, has been above average this year and is trending to 5% to 6% for the year in total. This has had no meaningful impact on demand and has passed through the channel as is typically the case.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/POOL\">水池</a></b><b>（非必需消费品）：</b>“正如我们之前提到的，今年的通货膨胀率高于平均水平，全年有 5% 至 6% 的趋势。这对需求没有产生有意义的影响，而且像往常一样通过了通道。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NEM\">Newmont Mining</a> </b><b><b>(</b></b><b>Materials):</b>&nbsp;“The impacts of the pandemic are also driving cost inflation around the globe. We are now expecting cost escalation of around 3% to 5% for materials, energy and labor. And we expect these pressures to continue through until at least the end of next year.</p><p><blockquote><b><a href=\"https://laohu8.com/S/NEM\">纽蒙特矿业</a></b><b><b>(</b></b><b>材料）：</b>“大流行病的影响也在推动全球成本上涨。我们现在预计材料、能源和劳动力成本将上升约 3% 至 5%。我们预计这些压力至少会持续到明年年底。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FCX\">Freeport-McMoRan</a></b> <b>(Materials):</b>&nbsp;“Everyone is focused on inflation around the world and the impact on mining companies. And as Kathleen said, we've had higher energy costs, higher grinding material cost, but Josh Olmsted and our Americas team has just done a great job in helping offset that.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FCX\">自由港-麦克莫兰</a></b><b>（材料）：</b>“每个人都在关注全球通货膨胀及其对矿业公司的影响。正如凯瑟琳所说，我们的能源成本和研磨材料成本都在上涨，但乔希-奥姆斯特德和我们的美洲团队在帮助抵消这一影响方面做得非常出色。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“And as we experience a strong demand environment, our pricing actions continue to yield dollars in excess of inflation.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/UNP\">联合太平洋</a></b><b><b>(</b></b><b>工业）：</b>“随着我们经历了强劲的需求环境，我们的定价行动继续产生超过通货膨胀的美元”。</blockquote></p><p> <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a> (Health Care): “So there's nothing extraordinary in the back half of the year in terms of labor inflation.”</p><p><blockquote><a href=\"https://laohu8.com/S/DGX\">Quest诊断</a>(医疗保健）： “因此，就劳动力通胀而言，下半年并没有什么特别之处”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MMC\">Marsh &amp; McLennan</a> </b><b>(Financials):</b>&nbsp;“The pace of price increases continued to moderate, but still remains high, reflecting elevated loss activity and concerns about inflation and low interest rates.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MMC\">马什-麦克伦南</a></b><b>（财务）：</b>“价格上涨速度继续放缓，但仍居高不下，反映出亏损活动加剧，以及对通货膨胀和低利率的担忧。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ALLE\">Allegion PLC</a></b> <b>(Industrials):</b>&nbsp;“Allegion is not immune to inflation and the supply chain constraints impacting industrial markets. Allegion navigated well during Q2, but these industry-wide constraints will persist for the remainder of the year and put pressure on margins for the short-term.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ALLE\">Allegion PLC</a></b><b>（工业）：</b>“Allegion 也未能幸免于通货膨胀和供应链限制对工业市场的影响。Allegion 在第二季度表现良好，但这些全行业的限制将在今年剩余时间内持续存在，并在短期内给利润率带来压力。”</blockquote></p><p> “We've seen an acceleration of inflation, predominantly in commodity costs, material components, freight, packaging, et cetera. It's continued to be a headwind. As you know, we're pretty aggressive moving on price and we're taking similar actions in the back half of this year. We've went ahead and announced a price increase that will take effect at the beginning of Q4. So, there's going to be some margin pressure, I would say, given the acceleration in inflation particularly in Q3.”</p><p><blockquote>“我们已经看到通货膨胀加速，主要体现在大宗商品成本、材料零部件、运费、包装等方面。这仍然是一个阻力。如您所知，我们在价格方面非常积极，我们将在今年下半年采取类似的行动。我们已经宣布提价，将于第四季度初生效。因此，我认为，鉴于通胀加速，尤其是第三季度，利润率将面临一定压力。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/WHR\">Whirlpool</a> </b><b><b>(</b></b><b>Consumer Discretionary): “</b>Structural cost takeout actions, higher volumes and ongoing cost productivity initiatives delivered 550 basis points of net cost margin improvement. These margin benefits were partially offset by raw material inflation, particularly steel and resins, which resulted in an unfavorable impact of 400 basis points.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WHR\">漩涡</a></b><b><b>(</b></b><b>非必需消费品）：“</b>结构性成本回收行动、更高的销量和持续的成本生产率举措使净成本利润率提高了 550 个基点。这些利润率收益部分被原材料通胀所抵消，特别是钢材和树脂，导致400个基点的不利影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CSX\">CSX Corp</a></b> <b>(Industrials):</b>&nbsp;“The good news is we have secured adequate inventory and supply commitments for critical materials, and we've worked to lock in the vast majority of unit costs for 2021. Excluding locomotive fuel, expense inflation this quarter was just above 3% and we don't expect that to move much going into the second half.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CSX\">CSX公司</a></b><b>（工业）：</b>“好消息是，我们已经为关键材料争取到了充足的库存和供应承诺，并努力锁定了 2021 年的绝大部分单位成本。不包括机车燃料，本季度的费用通胀率略高于 3%，我们预计下半年不会有太大变化。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/NTRS\">Northern</a> </b><b><b>(</b></b><b>Financials):</b>&nbsp;“Inflation is showing up in different areas. I mean every firm is dealing with talent issues and the pressure is there. We certainly see that and experience it and talking at management levels about how to address it. And the inflation we see across the business and different areas as well. And some of it is unit costs but some of it is just the increased cost of doing business. And we talked about the significant increase in technology oriented expenses that we're having. In some ways that's an inflation cost on the business. It's not just a unit price inflation but it's inflation in the overall cost of doing business. So, it's showing up in different ways across the organization.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/NTRS\">北方的</a></b><b><b>(</b></b><b>财务）：</b>“通货膨胀正在不同领域出现。我的意思是，每家公司都在处理人才问题，压力是存在的。我们当然看到了这一点，也经历了这一点，并在管理层讨论如何解决这个问题。我们在整个行业和不同领域也看到了通货膨胀。有些是单位成本，但有些只是做生意的成本增加。我们还谈到了我们面向技术的支出大幅增加。在某些方面，这是企业的通货膨胀成本。这不仅仅是单价通胀，而是做生意总成本的通胀。因此，它在整个组织中以不同的方式出现。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/BKR\">Baker Hughes</a> </b><b>(Energy):</b>&nbsp;“Although we have moved quickly to pass inflation on to our customers, there is a timing lag relative to the increase in costs.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/BKR\">贝克休斯</a></b><b>（能量）：</b>“虽然我们已迅速将通货膨胀转嫁给客户，但相对于成本增加，存在时间滞后”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a> </b><b>(Health Care):</b>&nbsp;“We continue to expect in the back half of the year pressure in parts of our portfolio in terms of commodity inflation and distribution cost. We are prepared to absorb those.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a></b><b>（医疗保健）：</b>“我们继续预计，今年下半年，我们的部分投资组合将面临大宗商品通胀和分销成本方面的压力。我们已做好应对这些压力的准备。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> </b><b>(Consumer Discretionary):</b>&nbsp;“We anticipate these commodity headwinds will negatively impact the quarter by an additional 60 basis points to 80 basis points, essentially offsetting the benefit of menu price increases. This will result in food costs for Q3 being at or slightly above the percentage we saw in Q2. Over the next few quarters, we'll have greater visibility on how much of this inflation is permanent versus transitory, and we can take the appropriate actions as needed to help offset any lasting impacts.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CMG\">墨西哥墨西哥烧烤</a></b><b>（非必需消费品）：</b>“我们预计，这些大宗商品不利因素将对本季度产生额外 60 到 80 个基点的负面影响，从根本上抵消了菜单价格上涨带来的好处。这将导致第三季度的食品成本与第二季度持平或略高于第二季度的食品成本。在接下来的几个季度里，我们将更清楚地了解这种通货膨胀有多少是永久性的，而不是暂时性的，我们可以根据需要采取适当的行动来帮助抵消任何持久的影响。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/DOV\">Dover</a> </b><b><b>(</b></b><b>Industrials):</b>&nbsp;“What we underestimated was the total cost impacts of a strained logistics system and tight labor market that shows no signs of abating. This has had two knock-on effects on our results. First, the absolute cost of inbound and outbound freight were materially higher; and second and more important, the costs associated with production line stoppages due to lack of labor and components caused by transit time uncertainty and overall supply chain tightness.”... “I think that there is an interesting argument, and I would agree with it that to the extent that labor inflation is durable and that supply chains, the issues that we're having in supply chains will improve, but not dramatically. There's an argument to be made that the returns on automation are going to be better than they've been over the last five to six years. And I would agree with that.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/DOV\">多佛</a></b><b><b>(</b></b><b>工业）：</b>“我们低估了物流系统紧张和劳动力市场紧张带来的总成本影响，而且这种影响丝毫没有减弱的迹象。这对我们的业绩产生了两个连锁反应。首先，进出港货运的绝对成本大幅上涨；其次，也是更重要的一点，由于运输时间的不确定性和整体供应链紧张导致劳动力和零部件短缺，生产线停工也带来了相关成本。”“我认为有一个有趣的论点，我同意这个论点，即只要劳动力通胀和供应链持续下去，我们在供应链中遇到的问题就会有所改善，但不会有明显的改善。有人认为，自动化的回报将比过去五六年更好。我同意这一点。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/KSU\">Kansas City Southern</a> </b><b>(Industrials):</b>&nbsp;“Core pricing and contract renewals were essentially in line with the first quarter, but we are clearly seeing inflationary pressures that will need to be addressed going forward. As we look into the back half of 2021, we would expect the auto chip shortage to continue to negatively impact our growth, with a strong bounce-back late in the year and into 2022 as auto demand continues to be extremely high and dealer inventories at all-time lows.”... “We've now got to step up in inflation. So, we need to kind of deal with that going forward because our long-term strategy has always been to price above the cost of inflation. But an interesting dynamic and even the fed looking at their long-term projections around inflation would suggest inflation is going to come back down in 2022. So, there are interesting discussions with customers to have and we're going to do our best to continue to make sure we cover cost increases in our business there.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/KSU\">堪萨斯城南部</a></b><b>（工业）：</b>“核心定价和合同续签与第一季度基本一致，但我们清楚地看到了未来需要解决的通胀压力。展望 2021 年下半年，我们预计汽车芯片短缺将继续对我们的增长产生负面影响，随着汽车需求持续极高，经销商库存处于历史最低水平，汽车芯片短缺将在年底和 2022 年出现强劲反弹。”...“我们现在必须加大通胀力度。因此，我们需要在未来解决这个问题，因为我们的长期策略一直是定价高于通胀成本。但一个有趣的动态，甚至美联储在审视其对通胀的长期预测时，都表明通胀将在2022年回落。因此，我们将与客户进行有趣的讨论，我们将尽最大努力继续确保弥补我们在那里业务的成本增加。”</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/PPG\">PPG Industries Inc</a></b> <b>(Materials):</b>&nbsp;“Due to supply disruptions, we experienced unprecedented levels of raw material and transportation costs that continually elevated as the quarter progressed. This drove raw material inflation to be up a mid to high-teen percentage on a year-over-year basis versus our original estimate of a high single-digit percentage increase.”... “Clearly this inflation cycle is much higher than anyone anticipated, and we're continuing on a business-by-business basis, working to secure further selling price increases. This includes executing additional pricing actions during the third quarter.”...“We now fully expect to offset raw material cost inflation in the fourth quarter on 2021 on a run rate basis.”...“But if we could get the overall base supply/demand (back in) balance, if you will, in our supply chain, I think prices would start to normalize somewhat. We don't see that happening in 2021. So right now, we're still anticipating significant inflation, when we said it's 20% in Q3 and we'll have a significant inflation in Q4. So for as far as we can currently look out, we're still looking at a pretty inflationary cycle.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PPG\">PPG工业公司</a></b><b>（材料）：</b>“由于供应中断，我们经历了前所未有的原材料和运输成本水平，随着季度的推进，这些成本持续上涨。这导致原材料通胀率同比上涨了中到十几个百分点，而我们最初预计的涨幅仅为个位数。”“很明显，这个通胀周期比任何人预期的都要高得多，我们正在逐个企业地继续努力，以确保销售价格的进一步提高。这包括在第三季度执行额外的定价行动。”...“我们现在完全预计，2021 年第四季度的原材料成本通胀将被完全抵消。”...“但是，如果我们能让整体的基本供需（恢复）平衡，如果你愿意的话，在我们的供应链中，我认为价格会开始在一定程度上恢复正常。我们认为 2021 年不会出现这种情况。因此，现在我们仍然预计通货膨胀率会很高，而我们说第三季度的通货膨胀率是 20%，第四季度的通货膨胀率也会很高。因此，就我们目前所能看到的情况来看，我们仍然面临着一个相当大的通胀周期。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> </b><b>(Industrials):</b>&nbsp;“Price actions to-date have largely matched cost increases. There's a ton of inflation going on. There's inflation because of disruption and shipping,”... “The marketplace is still receptive to price actions and the tools and processes we have developed have been effective. Even so, given the rate of inflation, maintaining price cost parity will be a bigger challenge in the third quarter.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/FAST\">紧固件</a></b><b>（工业）：</b>“迄今为止，价格走势在很大程度上与成本上涨相匹配。通货膨胀正在发生。通货膨胀是由于中断和运输造成的，”...“市场仍然容易接受价格走势，我们开发的工具和流程也很有效。即便如此，考虑到通货膨胀率，在第三季度保持价格成本平衡将是一个更大的挑战”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CAG\">ConAgra</a> </b><b><b>(</b></b><b>Staples):</b>&nbsp;“We expect the negative impact of the cost inflation to hit our financials before the beneficial impact of our responsive actions, including our pricing. This timing mismatch is expected to be particularly impactful in (fiscal) H1 and, more specifically, in (fiscal) Q1. The resulting pressure on our first half margins impact our full year profit […] Although the substantial increase in inflation over the last few months has negatively impacted our profit guidance for the (fiscal) year, we remain confident in the underlying strength of the business. […] Importantly, we expect that the impact of our aggressive mitigating actions will cause second half adjusted EPS to rebound, to be in line with what was assumed for (fiscal) H2 within our prior guidance.”... “When we initially gave our fiscal 2022 targets at our Investor Day in April of 2019, our models assumed an annual inflation rate of around 3%. At the time of our third quarter call, in April of 2021, we expected fiscal 2022 inflation to come in at twice that level around 6% […] We now currently expect fiscal 2022 inflation to come in around 9%. The difference between the 6% we expected a few months ago and the 9% we expect today equates to approximately $255 million in additional costs during fiscal 2022.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CAG\">康尼格拉</a></b><b><b>(</b></b><b>订书钉）：</b>“我们预计，成本通胀的负面影响将在我们的应对措施（包括定价）产生有益影响之前对我们的财务状况产生影响。这种时间错配预计将在（财年）上半年，更具体地说，在（财年）第一季度产生特别大的影响。由此带来的上半年利润率压力将影响我们的全年利润 [...] 尽管过去几个月通货膨胀的大幅上升对我们（财年）的利润指导产生了负面影响，但我们对业务的基本实力仍然充满信心。【……】重要的是，我们预计我们积极缓解行动的影响将导致下半年调整后每股收益反弹，与我们之前指导中对（财政）下半年的假设一致。”...“当我们在 2019 年 4 月的投资者日最初给出 2022 财年目标时，我们的模型假设年通胀率约为 3%。在 2021 年 4 月发布第三季度看涨期权时，我们预计 2022 财年通胀率将达到该水平的两倍，约为 6% [...] 我们目前预计 2022 财年通胀率将达到 9% 左右。几个月前我们预计的6%和今天我们预计的9%之间的差额相当于2022财年大约增加了2.55亿美元的成本。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> </b><b>(Financials):</b>&nbsp;“In terms of inflation, I would say that we're not seeing inflation in our actuals. But obviously, your guess is as good as mine in terms of the future. But it would be reasonable to assume that that's going to be a little bit of a challenge... it won't make any difference as long as you have that strong growth in consumer there. Jobs are plentiful; wages are going up. These are all good things. And so, obviously, inflation could be worse than people think. I think it'll be a little bit worse than what the Fed thinks. I don't think it's all going to be temporary. But that doesn't matter if we have very strong growth.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/JPM\">摩根大通</a></b><b>（财务）：</b>“就通货膨胀而言，我想说的是，我们的实际情况并没有出现通货膨胀。但显然，你对未来的猜测和我一样准确。但有理由认为，这将是一个小小的挑战......只要那里的消费增长强劲，就不会有任何影响。工作岗位丰富；工资在上涨。这些都是好东西。因此，显然，通货膨胀可能比人们想象的更严重。我认为情况会比美联储想象的要糟糕一点。我不认为这一切都是暂时的。但如果我们的增长非常强劲，那就无关紧要了。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/MKC\">McCormick</a> </b><b>(Staples):</b>&nbsp;“We're seeing broad-based inflation across our various commodities, packaging materials and transportation costs. To offset rising costs, we are raising prices where appropriate, but usually there is a lag time associated with pricing, particularly with how quickly costs are escalating. And therefore, most of our actions won't go into effect until late 2021.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/MKC\">麦考密克</a></b><b>（订书钉）：</b>“我们的各种商品、包装材料和运输成本都出现了广泛的通货膨胀。为了抵消不断上涨的成本，我们会在适当的情况下提高价格，但通常会有一个与定价相关的滞后期，尤其是成本上升的速度。因此，我们的大部分行动要到 2021 年底才能生效”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PEP\">Pepsi</a></b> <b>(Staples):</b>&nbsp;“We're seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else. So, we operate in the same context. We feel quite comfortable or confident that through a combination of net revenue management initiatives and increased productivity, we can navigate this.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/PEP\">百事可乐</a></b><b>（订书钉）：</b>“我们的许多原材料以及劳动力、货运和其他一切方面的一些投入都出现了通货膨胀。因此，我们在同样的环境下运营。我们感到非常放心或有信心，通过净收入管理举措和提高生产率的结合，我们可以应对这种情况。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/CTAS\">Cintas</a> </b><b><b>(I</b></b><b>ndustrials):</b>&nbsp;“While some inflationary pressures increased certain costs, these were more than offset by increased revenue from businesses reopening or increasing capacity as COVID-19 case counts fell and restrictions on businesses were reduced.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/CTAS\">丝带</a></b><b><b>（我</b></b><b>工业）：</b>“虽然一些通货膨胀压力增加了某些成本，但随着 COVID-19 病例数的下降和对企业的限制的减少，企业重新开业或产能增加带来的收入增加，这些成本被抵消了”。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/ZION\">Zions</a> </b><b>(Financials):</b>&nbsp;“This outlook does not reflect a significant change in inflation from what we've observed over the past several years which we believe is an emerging and increasingly important risk to our outlook.”... “But there is no softening in the concerns about supply chain or concerns about inflation. Those concerns are real. They're certainly remaining steady, if not building, in terms of the minds of business owners.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/ZION\">锡安</a></b><b>（财务）：</b>“与我们过去几年观察到的情况相比，这一前景并没有反映出通胀的重大变化，我们认为这是对我们前景的一个新出现的、日益重要的风险。”...“但对供应链的担忧或对通货膨胀的担忧并没有软化。这些担忧是真实存在的。就企业主的心态而言，即使不是在发展，它们也肯定保持稳定”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> </b><b>(Financials):</b>&nbsp;“If we do see inflation, I actually think it's going to be modest, I don't think it's going to be something that would be a fundamental change that would cause the market to get overly spooked. But again, something to pay attention to, and that's just my own opinion.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/SIVB\">SVB金融集团</a></b><b>（财务）：</b>“如果我们真的看到通货膨胀，我实际上认为它将是温和的，我不认为它会是一个根本性的变化，会导致市场过度恐慌。但同样，这是值得关注的事情，这只是我自己的看法。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/WRB\">WR Berkley</a> </b><b>(Financials): “</b>We continue to be very focused on inflation. From our perspective, inflation is very much here. There're some people that talked about it being this transient that may be true. I'm not quite sure when people talk about transient, well, how long is transient, regardless the costs of things are up today. But even if you saw inflation return to a 2.5% or 3% level, we continue to believe that the 10-year at 130% or less doesn't make a whole lot of sense for a long run.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/WRB\">WR伯克利</a></b><b>（财务）：“</b>我们继续非常关注通货膨胀。从我们的角度来看，这里的通货膨胀非常严重。有些人说这是短暂的，这可能是真的。我不太确定当人们谈论短暂时，嗯，多久是短暂的，不管今天东西的成本是多少。但即使你看到通胀率回到2.5%或3%的水平，我们仍然认为，从长远来看，10年期通胀率保持在130%或更低的水平并没有多大意义。”</blockquote></p><p> <b><a href=\"https://laohu8.com/S/RHI\">Robert Half</a> </b><b>(Industrials):</b>&nbsp;“We're passing through the wage inflation that we're having and we've actually expanded our margin.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/RHI\">罗伯特·哈夫</a></b><b>（工业）：</b>“我们正在经历工资通胀，实际上我们已经扩大了利润率”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/corporate-margins-set-tumble-companies-freak-out-about-surge-bad-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</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":{"IQV":"艾昆纬","WRB":"WR柏克利","BKR":"Baker Hughes Co","SHW":"宣伟公司","HON":"霍尼韦尔","AMZN":"亚马逊","PPG":"PPG工业","ITW":"伊利诺伊机械","SBUX":"星巴克","FCX":"麦克莫兰铜金","WHR":"惠而浦","GE":"GE航空航天","WM":"美国废物管理","LUV":"西南航空","FAST":"快扣","NEM":"纽曼矿业","HIG":"哈特福德金融","UPS":"联合包裹","POOL":"Pool Corporation","CHD":"丘奇＆德怀特","AVY":"艾利","NUE":"纽柯钢铁","PNR":"滨特尔","CAG":"康尼格拉","MKC":"味好美","CL":"高露洁","SLB":"斯伦贝谢","NTRS":"北方信托公司","SWK":"美国史丹利公司","MDLZ":"亿滋","DGX":"奎斯特诊疗","ODFL":"Old Dominion Freight Line","CTAS":"信达思","RSG":"共和废品处理","NWL":"纽威","ADM":"Archer Daniels Midland Co","ALLE":"Allegion PLC","HAS":"孩之宝","BSX":"波士顿科学","LKQ":"LKQ Corporation","TFX":"泰利福","ZION":"齐昂银行","INTC":"英特尔","JNJ":"强生","JPM":"摩根大通","UNP":"联合太平洋","IR":"英格索兰","GPC":"Genuine Parts Co","PKG":"美国包装公司","IEX":"IDEX Corp","MHK":"莫霍克工业公司","PEP":"百事可乐","HSY":"好时","IP":"国际纸业","GLW":"康宁","RHI":"罗致恒富","PHM":"普得集团","MAS":"马斯科","FTV":"Fortive Corporation","DOV":"美国都福集团","JCI":"江森自控","CE":"塞拉尼斯","CSX":"CSX运输","CMG":"墨式烧烤","KMB":"金佰利","LW":"Lamb Weston Holdings, Inc.","OTIS":"奥的斯"},"source_url":"https://www.zerohedge.com/markets/corporate-margins-set-tumble-companies-freak-out-about-surge-bad-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155521665","content_text":"First the good news: according to Bank of America's earnings tracker, Q2 earnings season is already one of the strongest in history (as one would expect following trillions in fiscal and monetary stimulus and comping off the catastrophic Q2 of 2020 when covid shut down the economy), and following the busiest earnings week of 2Q, 296 S&P 500 companies (76% of index earnings) have reported. 2Q EPS is now tracking a 13% beat or $51.12, topping BofA's estimate of $50 or an 11% beat; and far above the historical average since the start of earnings season.\n\nTo avoid the skewed 2020 data and doing a two-year lookback, 2Q is now expected to be +83% YoY or +24% vs. 2Q19, vs. last quarter’s 25% 2-yr growth rate. Financials, Communication Services, and Consumer Discretionary led the EPS beat, while revenues are also coming in red hot and tracking a 3% beat, led by Energy.\nMore importantly, the proportion of beats also remained strong: 83%/85%/74% of companies beat on EPS/sales/both, representing the best proportion of beats in history (since 2011).\n\nLooking at the top line, analysts now expect 2Q sales to rise 21% YoY, vs. 14% YoY last quarter. Energy is expected to lead (+102%), while Financials are forecast to be the biggest drag (-4%). Here, BofA estimates that FX tailwinds thanks to a weaker dollar added about 3% to YoY sales growth (Exhibit 4), representing the biggest benefit since 2011. Excluding FX/oil impacts, constant-currency sales growth for the S&P 500 ex. Fins. & Energy is expected to be +15% YoY (Exhibit 5), accelerating from the 13% growth last quarter.\n\nWhat is more surprising is that in a quarter when many predicted margins would be hit by surging input costs, not only was that not the case but companies once again posted skyhigh margins, with 2Q net margins (ex-Financials) jumping to a new high at 13.0%, topping last quarter’s 12.5%. This was consistent with BofA's Corporate Misery Indicator, which rose to a record high (“least miserable”) in 2Q, indicating it was among the most favorable macro environment for corporate margins in history since 1978!\n\nHow is this possible in a time when numerous commodity prices have hit never before seen levels? Simple: companies have experienced virtually no pushback to rising prices as most Americans can easily absorb the rampant inflation. Indeed, as IHS Markit Chief Economist Chris Williamsoncommented in todaythis is \"perhaps the strongest sellers’ market that we’ve seen since the survey began in 2007,with suppliers hiking prices for inputs into factories at the steepest rate yet recorded and manufacturers able to raise their selling prices to an unprecedented extent, as both suppliers and producers often encounter little price resistance from customers.\" It remains to be seen just how long such a \"seller's market\" will be the norm, although we expect it to reverse quite painfully once government handouts end.\nIn any case, that was the good news: now the badand that was summarized best by BofA's Savita Subramanian who wrote that \"we are starting to see the good inflation environment turning into a bad inflation environment with many companies citing accelerating cost inflation, particularly around wages.\"\nIndeed, as shown in the chart above, consensus margin expectations for 2H reflect this risk, with margins forecast to moderate to 12.6 % in 3Q and 12.5% in 4Q. But if cost pressure continues to accelerate, we could see more downside risk in 2H margins.\nAnd nobody captures this risk better than companies themselves: according to word counts of corporate earnings transcripts by BofA's Predictive Analytics team, mentions of “inflation” on 2Q earnings calls topped 1Q levels and jumped to a record high, based on BofA's Predictive Analytics team’s analysis. On a YoY basis, inflation mentions rose nearly 1100% YoY, outpacing the 900% increase we saw last quarter.\n\nNotably, labor-related mentions - i.e., discussion of rising wages - rose the most among inflation categories BofA tracks in 2Q, up 155% YoY. This compares to last quarter when labor-related mentions rose the least (+12% YoY), pointing to soaring wage pressure, and is why BofA remains cautious on labor-intensive Consumer Discretionary and Industrials.\n\nMeanwhile, supply-chain related mentions also more than doubled YoY (+106% vs. +17% YoY in 1Q). Both supply chain and labor related mentions rose to record highs in BofA data history since 2004.\n\nAnd before we dig through the actual earnings transcripts, we leave the most ominous finding for last: using earnings calls transcripts, BofA calculated sentiment for S&P500 companies that have reported this earnings season (it used Loughran McDonald's financial dictionary to calculate sentiment scores.) Overall, BofA found that corporate sentiment dipped from a record high, indicating peak corporate sentiment amid inflation concerns and rising cases of the Delta variant.\n\nSimilarly, companies mentions of business condition (ratio of mentions of “better” or “stronger” vs. “worse” or “weaker”) indicate weaker business conditions vs. the peak level last quarter. Mentions of optimism also declined from the peak levels in the prior two quarters.\n\nTo summarize: yes, Q2 earnings were a huge beat and margins were a record high... but it's all downhill from here as the \"bad inflation\" (to companies, and very good inflation to workers) is about to roll down the income statement, resulting in sharply lower margins and deteriorating earnings. And insiders know this well, which is why corporate sentiment has already rolled over and is down despite a true earnings bonanza, and is also why corporation optimism has moved sharply lower, a move which will accelerate to the downside as soon as margins are hit by surging wages and as soon companies can no longer pass through sharply higher input prices.\nFinally, courtesy of BofA, here is a snapshot of what some of the most notable companies just said about inflation, bad or otherwise:\nAmazon.com (Discretionary): “The other thing is wage pressure has become evident. We've talked about this a bit. The wage increase that we normally would do in October we pulled forward into May. We're spending a lot of money on signing and incentives. And while we have very good staffing levels, it's not without cost. It's a very competitive labor market out there and certainly the biggest contributor to inflationary pressures that we're seeing in the business.”\nNewell (Discretionary): “We expect Q3 to be the peak quarter for inflation pressure, which will significantly weigh on the company's margin performance.”\nIllinois Tool (Industrials): “We continue to expect price/cost impact to be EPS-neutral or better for the year. […] We continue to experience raw material cost increases, particularly in categories such as steel, resins and chemicals and now project raw material cost inflation at around 7% for the full year which is almost 5 percentage points higher than what we anticipated as the year began. And just for some perspective, this is roughly 2x what we experienced in the 2018 inflation/tariff cycle.”\nChurch & Dwight (Staples): “We now expect full year gross margin to be down 75 basis points. This represents an incremental impact from our last guidance due to broad-based inflation on raw materials and transportation costs.”\nInternational Paper (Materials): “We do expect further input cost inflation in the third quarter with substantial pressure on OCC and transportation costs.”\nHershey (Consumer Discretionary): “In the second half of the year, we expect increased packaging and freight costs to continue. We also expect labor costs to remain elevated as higher levels of marketplace attrition contribute to more overtime and accelerated hiring to keep pace with demand. While we expect more price realization in the second half versus the first half, we also expect less sales volume benefits... And then in addition, I think labor rates in general and labor availability in general are a pressure point beyond just volume. The market for labor is challenging. And so just like everyone, we want to make sure we are staying ahead of the curve on hiring, making sure our value proposition at our plants is attractive. And packaging inflation similar, packaging inflation we touched on a little bit on the last call. It's still a pressure point. I think we're still optimistic we're going to see that moderate as we go forward, but we haven't seen it yet. And so, it is a combination of those transitory costs on the back of the higher volume and a few things that are a little bit [stickier] here as we look across the balance of the year.”\nTeleflex (Health Care): “Any inflation that we saw, we saw it begin last year in transportation. So, that was already in our run rate. And we saw some modest inflation in some of our resins, but it was pretty – it's very manageable, and we're going to more than offset it with really positive pricing and building momentum in the quarter with that positive pricing.”\nLKQ Corp (Consumer Discretionary): “Across all of our segments, we are experiencing some level of supply chain shortages and disruptions. These disruptions are creating product scarcity and freight delays that are resulting in meaningful availability pressures in certain product lines. The supply chain challenges are also driving product inflation, which in turn, is generating the most robust pricing environment we've seen in years. Across all of our segments, we have been very effective in passing along these costs as witnessed by our margin performance. Alongside supply chain inflationary pressures, like many businesses across the globe, we are facing wage inflation and increased competition for labor.”\nMasco (Industrials): “We continue to see escalating inflation across most of our cost basket, including freight, resins, TiO2 and packaging. Inbound freight container costs nearly tripled during the quarter. We now expect our all-in cost inflation to be in the high single-digit range for the full year for both our Plumbing and Decorative segments, with low double-digit inflation in the second half of the year.\nInflation in coatings will likely be in the mid-teens later in the fourth quarter. To mitigate this inflation, we have secured price increases across both segments and are taking further pricing action across our business to address these continued cost escalations. We are also working with our suppliers, customers and internal teams to implement further productivity measures to help offset these costs. Despite the increased inflation, we still expect to achieve price/cost neutrality by year-end. While cost inflation has clearly been an issue, material availability has also impacted our business.”\nFortune Brands Home & Security (Industrials): “While inflation headwinds were anticipated, they continued to strengthen throughout the quarter. As I mentioned earlier, we are taking incremental actions during the second half of the year to offset increased inflation. […]Through this combination of cost and thoughtful pricing actions, we plan to offset all inflationary headwinds this year and expect to deliver 2021 operating margin improvement.”\nAvery Dennison (Materials): “Given the increasing inflationary pressures, we are redoubling our efforts on material re-engineering and again raising prices. We are targeting to close the inflation gap relative to mid last year by the fourth quarter.”\nIDEX Corp (Industrials):“We anticipated rising inflation as the global economy recovered, but like many, did not imagine the sharp rate of increase. This narrowed our spread between price capture and material costs, although we remain positive overall. Our teams leveraged the systematic investments we made a few years ago in pricing management and aggressively deployed two, sometimes three pricing adjustments with precision. We are on track to expand our price/cost spread to typical levels as we travel to the back half of the year.”\nOld Dominion Freight Lines (Industrials): “It's a tighter labor market than certainly we're used to. Of course, I've been here for a long time and I don't ever remember the growth percentages in the past that we've got today. So, it's definitely a bigger challenge than it's ever been.”\nMohawk (Consumer Discretionary): “We anticipate material and freight challenges will continue to impact our business in the third quarter. To compensate for material inflation, we have increased prices and we expect further increases will be required as our costs continue to rise”\nMondelez (Staples): “As we said many times, inflation and commodity costs are higher than we originally anticipated at the start of 2021, but we continue to believe that they are manageable. In terms of pricing and inflation, I would say there is going to be more in the second part of the year. To start with, our pipeline of commodities and FX has been advantageous in the first part of the year, and we expect some commodities and FX impact to be relatively higher in the second part. So there will be some more pressure in Q3 specifically, but we will continue to be very disciplined in terms of costs and pricing.”\nStarbucks (Consumer Discretionary): “While we're thrilled with our margin performance in Q3, we expect it to moderate slightly in Q4 primarily due to the growing impact of inflation coupled with incremental investments critical to our continued growth.”\n“So in Q3 we had outstanding performance, but within that we covered headwinds in the Americas business of about 70 basis points. And we expect headwinds related to rising costs and inflationary pressures to continue into Q4 which is reflected in the guidance that we've given.”\nSherwin-Williams (Materials): “Our gross margins were under considerable pressure in the quarter given the sustained higher raw material costs. However, as we have demonstrated in past inflationary cycles, we are fully committed to offsetting these costs, and we announced additional pricing actions in the quarter, which will be realized as the year goes on.”... “We anticipate year-over-year inflation in the third quarter to be higher than it was in the second quarter with only slight improvement in the fourth quarter as demand remains high.”\nWaste Management (Industrials): “It's no surprise to anyone who follows economic indicators that most businesses are experiencing inflation in their costs throughout 2021 and our business is no exception, particularly with regard to labor. We expect to overcome these pressures by increasing operating efficiencies and executing on our disciplined pricing programs.”\nRepublic (Industrials): “we're seeing very modest inflation in this year's economics; kind of do an annual increase and we give our people a fair increase every year. We expect that certainly to tick up next year, but to be more than offset by our ability to price through that. And so we think that inflation net-net will be margin expanding for us.”\nLamb Weston Holdings, Inc. (Staples): “As a result, we expect input cost inflation, especially for edible oils packaging and transportation to be a significant headwind for fiscal 2022. Our goal is to offset inflation using combination of levers including pricing. To that end, we just began implementing broad-based price increases in our Foodservice and Retail segments, and don't expect to see the most of their benefit until our fiscal third quarter.”\nIQVIA (Health Care): “it's no secret that given the strength of the industry backdrop, there's obviously strong competition for talent. […] Now does it cause a certain amount of anxiety in the industry? And yes, it's true. And has it caused some level of wage inflation? Yes, that is true. There is also a little bit of an uptick in attrition levels as a consequence of all of that. All of that is true... But again, we feel confident. We do not anticipate this to cause any significant – there will be some level of headwind to our margins, but we have so many programs and productivity measures and process improvement measures in place that we are confident we will overwhelm.”\nKimberly-Clark (Staples): “Obviously, given that amount and given our outlook, we are covering a significant portion of that, but we can't practically cover all of that this year […] And so, what I would say is, part one, our pricing implementation is largely on track and we expect to fully offset inflation over time. Not all this year, but over time.”\nStanley Black & Decker (Industrials): “We continue to see elevated commodity prices and now expect $260 million of commodity inflation in the second half versus our prior assumption of $210 million. In particular, elevated steel pricing is largely driving the $50 million increase. We are now in the full implementation mode and believe we should be in a position to offset approximately 50% of the 2021 headwind, netting material inflation and better price realization is a neutral effect versus the prior guidance. The goal is to have our actions in place during the third quarter, so the 2022 carryover benefits of price and margin actions fully offset the carryover inflation”\nPentair PLC (Industrials): “Regarding the current inflationary environment, we have implemented further price increases and we expect the price cost gap to further narrow in the second half.”... “Consistent with our guidance, the second quarter did not see price fully offset inflation as we saw higher inflation that we have continued to implement price increases to help offset. The second half should see price costs start to even out. But an unprecedented amount of material and wage inflation coupled with robust demand has contributed to price reading out at a slower pace. Our forecast reflects our expectations that material shortages and inflation are not going away nor will they improve materially.”\nFortive (Industrials): “Even though we are seeing a little bit of cost inflation, we're still going to be net – significantly net in a good shape relative to material cost reductions for the year. So material cost reductions will still be a profit improver for the year, even though we've seen a little bit more inflation than typical, we still are in a very good shape relative to price cost, not only because of price, but also because we've done a nice job on the cost reduction side as well.”\nColgate-Palmolive (Staples): “We expect raw material costs to remain elevated throughout 2021, but we do expect some sequential lessening of inflation as we get into the fourth quarter.”\nJohnson Controls (Industrials): “Although lead times and conversion cycles are stretching, we believe conditions will begin to improve over the next couple of quarters. We are successfully leveraging our pricing capabilities to offset inflation, and we still expect to remain price cost positive for the year.”\nUnited Parcel Service Inc (Industrials): “We know what happens in an inflationary environment, don't we? Somebody pays for it. It's usually the consumer, which means, right, that price increases get passed along all the way to the end to the consumer until the consumer says, ouch, I'm not going to buy any more. The consumer continues to buy. So there we are in the cycle, and this is a cycle, right. This is a cycle.”\nPackaging Corp of America (Materials): “These items were partially offset by higher operating costs of $0.57, primarily due to inflation-related increases in the areas of labor infringes, repairs, materials and supplies, recycled fiber cost, as well as other indirect and fixed cost areas Inflation associated with most of the operating costs as well as freight and logistics expenses is expected to continue.”\nCorning (Tech): “Now during the quarter, we continue to face supply chain disruptions and inflationary headwinds. Planning and increased output allowed us to reduce costly airfreight, but the sequential improvement was offset by increases in shipping rates and the cost of certain raw materials such as resin, a key component in our Optical and Life Sciences businesses. […] So right now, we're clearly facing a lot of supply chain disruptions and inflationary pressure. And what we saw in the first quarter was, of course, a lot of that relative to freight and logistics. We had plans to mitigate that. We actually did those mitigations. But then there were other things that occurred, particularly around increased resin cost. So as we think about the guide, in particular the guide for the third quarter, we thought it was prudent to assume that, that 150 basis points drag that's coming from those inflationary and supply chain logistics costs would continue.”\nIngersoll Rand Inc. (Industrials): “Since the end of Q1 of 2021 of this year, we have seen inflation and we call inflation here direct material and logistics, continue to increase, which is the reason why we acted on additional pricing actions. I'll say those pricing actions are offsetting the incremental inflation that we're expecting to see in the second half.”\nHartford (Financials): “As we listen to inflationary expectations, we expect some of those trends will be with us into the third quarter, fourth quarter. But I think that given our trends, our expectations to the year haven't changed materially and we're on top of our selections and I think we're in good shape as we move into Q3.”\nPulteGroup (Consumer Discretionary): “As reflected in the increases in our sales prices and gross margin, we've been able to pass on the meaningful cost inflation we have incurred over the course of the year. At this point, we now expect house costs to be up between 9% and 11% for the full year with the peak of certain costs, driven by lumber flowing through in the third and fourth quarters. Even with the ongoing rise in build costs, we still see opportunity for gross margins to move higher over the remaining two quarters of the year.”\nBoston Scientific (Health Care): “[We] expect slight improvements in second half gross margin compared to the first half, though still not at full year 2019 levels, as other headwinds remain, in particular, the lingering cost of running plants with COVID-specific measures, as well as some impact from inflation.”\nHasbro (Consumer Discretionary): “We talked earlier about ocean freight in some of our prepared remarks and we're seeing those costs are over four times higher than what we had been experiencing earlier or last year even. So, we expect a lot of those costs to continue. But between cost of sales and that, we do expect our gross margin to be slightly down from a year ago, but we do expect the price increases that we've taken to offset our increased costs”\nGeneral Electric Co (Industrials): “Looking forward to the second half of 2021 and into 2022, although inflation pressure is likely to increase particularly in Aviation and Renewables, we expect the net inflation impact to be limited.”\nOtis Worldwide Corp (Industrials): “This high inflationary environment that we're seeing should help us on Service pricing because most of our contracts in Europe and Americas have price escalators kind of built-in that are largely tied to labor inflation. And, historically, we've always had that lever but given low inflationary environment in the macro market, the prices don't always stick. And now, with this inflationary environment, we should have a greater ability to stick those prices, so that should help next year.”\nHoneywell (Industrials): “so everywhere in our books of business that we can, we continue to pass through the inflation that's being seen in the materials and also in the labor because in the projects businesses, labor is also important as well.”\nSchlumberger (Energy): “But I believe that the tool box we have and the professional and very experienced organization we have in our planning and supply chain and manufacturing organization that are used to manage some inflationary pressure has allowed us to mitigate and edged this inflationary pressure and contain cost inflation […] under our roofs.”\nCelanese (Materials): “But we did raise price more than we saw our materials increasing. And I think that's a question of mix. I mean what – we are in a very tight supply constrained situation. So we have been prioritizing our higher margin products and our higher market –higher margin region to really maximize the return that we get for the molecules thatwe have available to sell to the market.”\nArcher-Daniels Midland (Materials): “In our scenario, margins normalize, we have inflation and then we are able to offset a lot of that through growth and through productivity.”\nIntel (Tech): “Since April, we have seen supply chain inflation happening faster than we are electing to pass through to our customers, further impacting our second half gross margin outlook.”\nSouthwest Airlines (Industrials): “We are mindful of the tight job market, as well as general inflationary pressures. We expect to have wage rate inflation beyond our normal annual wage rate increases, as we want to be competitive to retain and attract talent, including the decision to increase the minimum hourly wage to $15 per hour across all workgroups, we now estimate, $5 million to $10 million of additional salary, wages, and benefits cost pressure in third quarter and approximately $15 million in fourth quarter.”\nGenuine Parts (Consumer Discretionary): “In the second quarter, there was significant pricing activity with our suppliers resulting in product cost inflation. We were positioned to pass these increases on to our customers and the impact of price inflation was neutral to gross margin. We estimate a 1.5% impact of inflation in automotive sales for the quarter and a 1% impact in industrial. Based on the current environment, we expect this to increase further through the second half of the year.”\nNucor (Materials): “So we'll see some price inflation that will cause working capital to go up further, but probably not at the same pace as we experienced in Q2.”\nPool (Consumer Discretionary): “Inflation, as we have previously mentioned, has been above average this year and is trending to 5% to 6% for the year in total. This has had no meaningful impact on demand and has passed through the channel as is typically the case.”\nNewmont Mining (Materials): “The impacts of the pandemic are also driving cost inflation around the globe. We are now expecting cost escalation of around 3% to 5% for materials, energy and labor. And we expect these pressures to continue through until at least the end of next year.\nFreeport-McMoRan (Materials): “Everyone is focused on inflation around the world and the impact on mining companies. And as Kathleen said, we've had higher energy costs, higher grinding material cost, but Josh Olmsted and our Americas team has just done a great job in helping offset that.”\nUnion Pacific (Industrials): “And as we experience a strong demand environment, our pricing actions continue to yield dollars in excess of inflation.”\nQuest Diagnostics (Health Care): “So there's nothing extraordinary in the back half of the year in terms of labor inflation.”\nMarsh & McLennan (Financials): “The pace of price increases continued to moderate, but still remains high, reflecting elevated loss activity and concerns about inflation and low interest rates.”\nAllegion PLC (Industrials): “Allegion is not immune to inflation and the supply chain constraints impacting industrial markets. Allegion navigated well during Q2, but these industry-wide constraints will persist for the remainder of the year and put pressure on margins for the short-term.”\n“We've seen an acceleration of inflation, predominantly in commodity costs, material components, freight, packaging, et cetera. It's continued to be a headwind. As you know, we're pretty aggressive moving on price and we're taking similar actions in the back half of this year. We've went ahead and announced a price increase that will take effect at the beginning of Q4. So, there's going to be some margin pressure, I would say, given the acceleration in inflation particularly in Q3.”\nWhirlpool (Consumer Discretionary): “Structural cost takeout actions, higher volumes and ongoing cost productivity initiatives delivered 550 basis points of net cost margin improvement. These margin benefits were partially offset by raw material inflation, particularly steel and resins, which resulted in an unfavorable impact of 400 basis points.”\nCSX Corp (Industrials): “The good news is we have secured adequate inventory and supply commitments for critical materials, and we've worked to lock in the vast majority of unit costs for 2021. Excluding locomotive fuel, expense inflation this quarter was just above 3% and we don't expect that to move much going into the second half.”\nNorthern (Financials): “Inflation is showing up in different areas. I mean every firm is dealing with talent issues and the pressure is there. We certainly see that and experience it and talking at management levels about how to address it. And the inflation we see across the business and different areas as well. And some of it is unit costs but some of it is just the increased cost of doing business. And we talked about the significant increase in technology oriented expenses that we're having. In some ways that's an inflation cost on the business. It's not just a unit price inflation but it's inflation in the overall cost of doing business. So, it's showing up in different ways across the organization.”\nBaker Hughes (Energy): “Although we have moved quickly to pass inflation on to our customers, there is a timing lag relative to the increase in costs.”\nJohnson & Johnson (Health Care): “We continue to expect in the back half of the year pressure in parts of our portfolio in terms of commodity inflation and distribution cost. We are prepared to absorb those.”\nChipotle Mexican Grill (Consumer Discretionary): “We anticipate these commodity headwinds will negatively impact the quarter by an additional 60 basis points to 80 basis points, essentially offsetting the benefit of menu price increases. This will result in food costs for Q3 being at or slightly above the percentage we saw in Q2. Over the next few quarters, we'll have greater visibility on how much of this inflation is permanent versus transitory, and we can take the appropriate actions as needed to help offset any lasting impacts.”\nDover (Industrials): “What we underestimated was the total cost impacts of a strained logistics system and tight labor market that shows no signs of abating. This has had two knock-on effects on our results. First, the absolute cost of inbound and outbound freight were materially higher; and second and more important, the costs associated with production line stoppages due to lack of labor and components caused by transit time uncertainty and overall supply chain tightness.”... “I think that there is an interesting argument, and I would agree with it that to the extent that labor inflation is durable and that supply chains, the issues that we're having in supply chains will improve, but not dramatically. There's an argument to be made that the returns on automation are going to be better than they've been over the last five to six years. And I would agree with that.”\nKansas City Southern (Industrials): “Core pricing and contract renewals were essentially in line with the first quarter, but we are clearly seeing inflationary pressures that will need to be addressed going forward. As we look into the back half of 2021, we would expect the auto chip shortage to continue to negatively impact our growth, with a strong bounce-back late in the year and into 2022 as auto demand continues to be extremely high and dealer inventories at all-time lows.”... “We've now got to step up in inflation. So, we need to kind of deal with that going forward because our long-term strategy has always been to price above the cost of inflation. But an interesting dynamic and even the fed looking at their long-term projections around inflation would suggest inflation is going to come back down in 2022. So, there are interesting discussions with customers to have and we're going to do our best to continue to make sure we cover cost increases in our business there.”\nPPG Industries Inc (Materials): “Due to supply disruptions, we experienced unprecedented levels of raw material and transportation costs that continually elevated as the quarter progressed. This drove raw material inflation to be up a mid to high-teen percentage on a year-over-year basis versus our original estimate of a high single-digit percentage increase.”... “Clearly this inflation cycle is much higher than anyone anticipated, and we're continuing on a business-by-business basis, working to secure further selling price increases. This includes executing additional pricing actions during the third quarter.”...“We now fully expect to offset raw material cost inflation in the fourth quarter on 2021 on a run rate basis.”...“But if we could get the overall base supply/demand (back in) balance, if you will, in our supply chain, I think prices would start to normalize somewhat. We don't see that happening in 2021. So right now, we're still anticipating significant inflation, when we said it's 20% in Q3 and we'll have a significant inflation in Q4. So for as far as we can currently look out, we're still looking at a pretty inflationary cycle.”\nFastenal (Industrials): “Price actions to-date have largely matched cost increases. There's a ton of inflation going on. There's inflation because of disruption and shipping,”... “The marketplace is still receptive to price actions and the tools and processes we have developed have been effective. Even so, given the rate of inflation, maintaining price cost parity will be a bigger challenge in the third quarter.”\nConAgra (Staples): “We expect the negative impact of the cost inflation to hit our financials before the beneficial impact of our responsive actions, including our pricing. This timing mismatch is expected to be particularly impactful in (fiscal) H1 and, more specifically, in (fiscal) Q1. The resulting pressure on our first half margins impact our full year profit […] Although the substantial increase in inflation over the last few months has negatively impacted our profit guidance for the (fiscal) year, we remain confident in the underlying strength of the business. […] Importantly, we expect that the impact of our aggressive mitigating actions will cause second half adjusted EPS to rebound, to be in line with what was assumed for (fiscal) H2 within our prior guidance.”... “When we initially gave our fiscal 2022 targets at our Investor Day in April of 2019, our models assumed an annual inflation rate of around 3%. At the time of our third quarter call, in April of 2021, we expected fiscal 2022 inflation to come in at twice that level around 6% […] We now currently expect fiscal 2022 inflation to come in around 9%. The difference between the 6% we expected a few months ago and the 9% we expect today equates to approximately $255 million in additional costs during fiscal 2022.”\nJPMorgan Chase (Financials): “In terms of inflation, I would say that we're not seeing inflation in our actuals. But obviously, your guess is as good as mine in terms of the future. But it would be reasonable to assume that that's going to be a little bit of a challenge... it won't make any difference as long as you have that strong growth in consumer there. Jobs are plentiful; wages are going up. These are all good things. And so, obviously, inflation could be worse than people think. I think it'll be a little bit worse than what the Fed thinks. I don't think it's all going to be temporary. But that doesn't matter if we have very strong growth.”\nMcCormick (Staples): “We're seeing broad-based inflation across our various commodities, packaging materials and transportation costs. To offset rising costs, we are raising prices where appropriate, but usually there is a lag time associated with pricing, particularly with how quickly costs are escalating. And therefore, most of our actions won't go into effect until late 2021.”\nPepsi (Staples): “We're seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else. So, we operate in the same context. We feel quite comfortable or confident that through a combination of net revenue management initiatives and increased productivity, we can navigate this.”\nCintas (Industrials): “While some inflationary pressures increased certain costs, these were more than offset by increased revenue from businesses reopening or increasing capacity as COVID-19 case counts fell and restrictions on businesses were reduced.”\nZions (Financials): “This outlook does not reflect a significant change in inflation from what we've observed over the past several years which we believe is an emerging and increasingly important risk to our outlook.”... “But there is no softening in the concerns about supply chain or concerns about inflation. Those concerns are real. They're certainly remaining steady, if not building, in terms of the minds of business owners.”\nSVB Financial Group (Financials): “If we do see inflation, I actually think it's going to be modest, I don't think it's going to be something that would be a fundamental change that would cause the market to get overly spooked. But again, something to pay attention to, and that's just my own opinion.”\nWR Berkley (Financials): “We continue to be very focused on inflation. From our perspective, inflation is very much here. There're some people that talked about it being this transient that may be true. I'm not quite sure when people talk about transient, well, how long is transient, regardless the costs of things are up today. But even if you saw inflation return to a 2.5% or 3% level, we continue to believe that the 10-year at 130% or less doesn't make a whole lot of sense for a long run.”\nRobert Half (Industrials): “We're passing through the wage inflation that we're having and we've actually expanded our margin.”","news_type":1,"symbols_score_info":{"CE":0.9,"OTIS":0.9,"CTAS":0.9,"MMC":0.9,"NWL":0.9,"UNP":0.9,"BKR":0.9,"PPG":0.9,"ODFL":0.9,"AMZN":0.9,"INTC":0.9,"MAS":0.9,"ALLE":0.9,"GE":0.9,"HAS":0.9,"MKC":0.9,"AVY":0.9,"PHM":0.9,"LW":0.9,"ITW":0.9,"CL":0.9,"ADM":0.9,"SBUX":0.9,"WM":0.9,"SHW":0.9,"NUE":0.9,"LUV":0.9,"CSX":0.9,"LKQ":0.9,"PNR":0.9,"TFX":0.9,"FBHS":0.9,"NEM":0.9,"CMG":0.9,"HIG":0.9,"SIVB":0.9,"IEX":0.9,"JNJ":0.9,"FTV":0.9,"HON":0.9,"SWK":0.9,"FCX":0.9,"MDLZ":0.9,"KMB":0.9,"MHK":0.9,"IR":0.9,"FAST":0.9,"KSU":0.9,"PEP":0.9,"DOV":0.9,"WHR":0.9,"GPC":0.9,"CAG":0.9,"NTRS":0.9,"RSG":0.9,"HSY":0.9,"UPS":0.9,"POOL":0.9,"IP":0.9,"SLB":0.9,"GLW":0.9,"IQV":0.9,"BSX":0.9,"ZION":0.9,"PKG":0.9,"JCI":0.9,"RHI":0.9,"JPM":0.9,"DGX":0.9,"WRB":0.9,"CHD":0.9}},"isVote":1,"tweetType":1,"viewCount":887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805788022,"gmtCreate":1627907028466,"gmtModify":1633755428059,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Good stuff&nbsp;","listText":"Good stuff&nbsp;","text":"Good stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805788022","repostId":"1102727324","repostType":4,"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805781351,"gmtCreate":1627906975673,"gmtModify":1633755428756,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Like brothers&nbsp;","listText":"Like brothers&nbsp;","text":"Like 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bros","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801654582","repostId":"2155697398","repostType":4,"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801652202,"gmtCreate":1627516220806,"gmtModify":1633764301110,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Now go go go","listText":"Now go go go","text":"Now go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801652202","repostId":"2155697398","repostType":4,"isVote":1,"tweetType":1,"viewCount":1305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801173320,"gmtCreate":1627492117160,"gmtModify":1633764462303,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801173320","repostId":"2154721924","repostType":4,"repost":{"id":"2154721924","kind":"highlight","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":1627486574,"share":"https://www.laohunote.com/m/news/2154721924?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:36","market":"us","language":"en","title":"Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154721924","media":"Tiger Newspress","summary":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expecte","content":"<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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\">2021-07-28 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154721924","content_text":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.\nAMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.\n\"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.\nAnalyst Assessment: Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.\nSusquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.\nPrice Action: AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.\nAt last check Wednesday, the stock was up 5% at $95.6.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801179226,"gmtCreate":1627491925565,"gmtModify":1633764462625,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Like brothers&nbsp;","listText":"Like brothers&nbsp;","text":"Like brothers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801179226","repostId":"1134561674","repostType":4,"repost":{"id":"1134561674","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":1627487094,"share":"https://www.laohunote.com/m/news/1134561674?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:44","market":"us","language":"en","title":"Bit Digital Popped nearly 50% to trigger fusing<blockquote>Bit Digital 暴涨近 50% 触发融合</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134561674","media":"Tiger Newspress","summary":"Bit Digital Popped nearly 50% to trigger fusing in Wednesday morning trading.\n\nBit Digital, Inc. and","content":"<p>Bit Digital Popped nearly 50% to trigger fusing&nbsp;in Wednesday morning trading.</p><p><blockquote>Bit Digital 在周三早盘交易中上涨近 50%，引发融合。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b3b480bd525e488c041a9b1a6ac3e963\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Bit Digital, Inc. and Digihost Technology Inc. are pleased to announce that the Companies have entered into a second strategic co-mining agreement.&nbsp;Pursuant to the terms of the Agreement, Digihost will provide certain premises&nbsp;to Bit Digital for the operation of a 100 MW Bitcoin mining system&nbsp;to be delivered by Bit Digital for a term of two years.&nbsp;This expanded collaboration between Digihost and Bit Digital is expected to facilitate an additional increase in hashrate of approximately 2 EH between the companies, and a total increase in hashrate between the two companies of approximately 2.4 EH including the initial collaboration agreement that was previously announced onJune 10, 2021.</p><p><blockquote>Bit Digital，Inc.和Digihost Technology Inc.很高兴地宣布，两家公司已经签订了第二份战略联合采矿协议。根据协议条款，Digihost将向Bit Digital提供一定的场所，用于Bit Digital交付的100兆瓦比特币采矿系统的运营，为期两年。Digihost和Bit Digital之间的这种扩大合作预计将促进两家公司之间的算力额外增加约2 EH，两家公司之间的算力总增加约2.4 EH，包括之前于2021年6月10日宣布的初始合作协议。</blockquote></p><p> Under the terms of the Agreement, Digihost will provide power and management services for the operation of the Miners. In consideration for these services, after paying Digihost a competitive rate for power, Digihost and Bit Digital will participate in a profit-sharing arrangement based on a fixed distribution formula.&nbsp;It is expected that the Miners will be delivered and installed beginning inJanuary 2022.</p><p><blockquote>根据协议条款，Digihost 将为矿工的运营提供电力和管理服务。考虑到这些服务，在向Digihost支付有竞争力的电价后，Digihost和Bit Digital将参与基于固定分配公式的利润分享安排。预计矿机将于2022年1月开始交付和安装。</blockquote></p><p> Bryan Bullett, Bit Digital's CEO, stated: \"By signing this agreement,we believe that Bit Digital has secured power and hosting sufficient to complete the migration of our current fleet toNorth Americain full, and additional capacity to accommodate expected miner purchases. As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation inChinaand our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. We are delighted to build on our existing collaboration with Digihost, and look forward to continued successes together.\"</p><p><blockquote>Bit Digital 首席执行官 Bryan Bullett 表示：“通过签署该协议，我们相信 Bit Digital 已获得足够的电力和托管，以完成我们当前车队向北美的全面迁移，并拥有额外的容量来满足预期的矿商采购。正如之前宣布的，由于中国现货市场混乱以及我们进入该市场的独特机会，我们预计未来几个月将出现大量采购活动。与 Digihost 的这项协议确保了激活这一机会的关键组成部分，并有望实现新购买的矿机的快速部署。我们很高兴在与 Digihost 现有合作的基础上再接再厉，并期待共同取得成功。”</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>Bit Digital Popped nearly 50% to trigger fusing<blockquote>Bit Digital 暴涨近 50% 触发融合</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\">\nBit Digital Popped nearly 50% to trigger fusing<blockquote>Bit Digital 暴涨近 50% 触发融合</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\">2021-07-28 23:44</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bit Digital Popped nearly 50% to trigger fusing&nbsp;in Wednesday morning trading.</p><p><blockquote>Bit Digital 在周三早盘交易中上涨近 50%，引发融合。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b3b480bd525e488c041a9b1a6ac3e963\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Bit Digital, Inc. and Digihost Technology Inc. are pleased to announce that the Companies have entered into a second strategic co-mining agreement.&nbsp;Pursuant to the terms of the Agreement, Digihost will provide certain premises&nbsp;to Bit Digital for the operation of a 100 MW Bitcoin mining system&nbsp;to be delivered by Bit Digital for a term of two years.&nbsp;This expanded collaboration between Digihost and Bit Digital is expected to facilitate an additional increase in hashrate of approximately 2 EH between the companies, and a total increase in hashrate between the two companies of approximately 2.4 EH including the initial collaboration agreement that was previously announced onJune 10, 2021.</p><p><blockquote>Bit Digital，Inc.和Digihost Technology Inc.很高兴地宣布，两家公司已经签订了第二份战略联合采矿协议。根据协议条款，Digihost将向Bit Digital提供一定的场所，用于Bit Digital交付的100兆瓦比特币采矿系统的运营，为期两年。Digihost和Bit Digital之间的这种扩大合作预计将促进两家公司之间的算力额外增加约2 EH，两家公司之间的算力总增加约2.4 EH，包括之前于2021年6月10日宣布的初始合作协议。</blockquote></p><p> Under the terms of the Agreement, Digihost will provide power and management services for the operation of the Miners. In consideration for these services, after paying Digihost a competitive rate for power, Digihost and Bit Digital will participate in a profit-sharing arrangement based on a fixed distribution formula.&nbsp;It is expected that the Miners will be delivered and installed beginning inJanuary 2022.</p><p><blockquote>根据协议条款，Digihost 将为矿工的运营提供电力和管理服务。考虑到这些服务，在向Digihost支付有竞争力的电价后，Digihost和Bit Digital将参与基于固定分配公式的利润分享安排。预计矿机将于2022年1月开始交付和安装。</blockquote></p><p> Bryan Bullett, Bit Digital's CEO, stated: \"By signing this agreement,we believe that Bit Digital has secured power and hosting sufficient to complete the migration of our current fleet toNorth Americain full, and additional capacity to accommodate expected miner purchases. As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation inChinaand our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. We are delighted to build on our existing collaboration with Digihost, and look forward to continued successes together.\"</p><p><blockquote>Bit Digital 首席执行官 Bryan Bullett 表示：“通过签署该协议，我们相信 Bit Digital 已获得足够的电力和托管，以完成我们当前车队向北美的全面迁移，并拥有额外的容量来满足预期的矿商采购。正如之前宣布的，由于中国现货市场混乱以及我们进入该市场的独特机会，我们预计未来几个月将出现大量采购活动。与 Digihost 的这项协议确保了激活这一机会的关键组成部分，并有望实现新购买的矿机的快速部署。我们很高兴在与 Digihost 现有合作的基础上再接再厉，并期待共同取得成功。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTBT":"Bit Digital, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134561674","content_text":"Bit Digital Popped nearly 50% to trigger fusing in Wednesday morning trading.\n\nBit Digital, Inc. and Digihost Technology Inc. are pleased to announce that the Companies have entered into a second strategic co-mining agreement. Pursuant to the terms of the Agreement, Digihost will provide certain premises to Bit Digital for the operation of a 100 MW Bitcoin mining system to be delivered by Bit Digital for a term of two years. This expanded collaboration between Digihost and Bit Digital is expected to facilitate an additional increase in hashrate of approximately 2 EH between the companies, and a total increase in hashrate between the two companies of approximately 2.4 EH including the initial collaboration agreement that was previously announced onJune 10, 2021.\nUnder the terms of the Agreement, Digihost will provide power and management services for the operation of the Miners. In consideration for these services, after paying Digihost a competitive rate for power, Digihost and Bit Digital will participate in a profit-sharing arrangement based on a fixed distribution formula. It is expected that the Miners will be delivered and installed beginning inJanuary 2022.\nBryan Bullett, Bit Digital's CEO, stated: \"By signing this agreement,we believe that Bit Digital has secured power and hosting sufficient to complete the migration of our current fleet toNorth Americain full, and additional capacity to accommodate expected miner purchases. As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation inChinaand our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. We are delighted to build on our existing collaboration with Digihost, and look forward to continued successes together.\"","news_type":1,"symbols_score_info":{"BTBT":0.9}},"isVote":1,"tweetType":1,"viewCount":833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801179947,"gmtCreate":1627491838489,"gmtModify":1633764463210,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"That’s good&nbsp;","listText":"That’s good&nbsp;","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801179947","repostId":"2154721924","repostType":4,"repost":{"id":"2154721924","kind":"highlight","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":1627486574,"share":"https://www.laohunote.com/m/news/2154721924?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:36","market":"us","language":"en","title":"Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154721924","media":"Tiger Newspress","summary":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expecte","content":"<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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\">2021-07-28 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154721924","content_text":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.\nAMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.\n\"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.\nAnalyst Assessment: Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.\nSusquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.\nPrice Action: AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.\nAt last check Wednesday, the stock was up 5% at 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that it will rally&nbsp;","listText":"Good that it will rally&nbsp;","text":"Good that it will rally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/178315489","repostId":"1102737002","repostType":4,"repost":{"id":"1102737002","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":1626787848,"share":"https://www.laohunote.com/m/news/1102737002?lang=zh_CN&edition=full","pubTime":"2021-07-20 21:30","market":"us","language":"en","title":"Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高，试图从周一的抛售中反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102737002","media":"Tiger Newspress","summary":"(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebo","content":"<p>(July 20)&nbsp;Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开，对经济敏感的股票在前一交易日大幅抛售后反弹，而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education&nbsp;stocks&nbsp;rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨，区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely.&nbsp;Blue Origin Becomes the First Company to Take a Paying Passenger to Space.&nbsp;Amzon&nbsp;stock&nbsp;fell&nbsp;0.48%&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></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>Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高，试图从周一的抛售中反弹</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\">\nStocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高，试图从周一的抛售中反弹</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\">2021-07-20 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 20)&nbsp;Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开，对经济敏感的股票在前一交易日大幅抛售后反弹，而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education&nbsp;stocks&nbsp;rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨，区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely.&nbsp;Blue Origin Becomes the First Company to Take a Paying Passenger to Space.&nbsp;Amzon&nbsp;stock&nbsp;fell&nbsp;0.48%&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102737002","content_text":"(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.\nChinese education stocks rally, Blockchain stocks plunged.\nNew Shepard capsule returns to Earth safely. Blue Origin Becomes the First Company to Take a Paying Passenger to Space. Amzon stock fell 0.48% in morning trading.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804891598,"gmtCreate":1627948736314,"gmtModify":1633755062137,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"That’s real bad&nbsp;Please like my comment brothers&nbsp;","listText":"That’s real bad&nbsp;Please like my comment brothers&nbsp;","text":"That’s real bad Please like my comment 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results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开，对经济敏感的股票在前一交易日大幅抛售后反弹，而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education&nbsp;stocks&nbsp;rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨，区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely.&nbsp;Blue Origin Becomes the First Company to Take a Paying Passenger to Space.&nbsp;Amzon&nbsp;stock&nbsp;fell&nbsp;0.48%&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></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>Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高，试图从周一的抛售中反弹</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{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高，试图从周一的抛售中反弹</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\">2021-07-20 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 20)&nbsp;Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开，对经济敏感的股票在前一交易日大幅抛售后反弹，而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education&nbsp;stocks&nbsp;rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨，区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely.&nbsp;Blue Origin Becomes the First Company to Take a Paying Passenger to Space.&nbsp;Amzon&nbsp;stock&nbsp;fell&nbsp;0.48%&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102737002","content_text":"(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.\nChinese education stocks rally, Blockchain stocks plunged.\nNew Shepard capsule returns to Earth safely. Blue Origin Becomes the First Company to Take a Paying Passenger to Space. Amzon stock fell 0.48% in morning trading.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178317616,"gmtCreate":1626788253135,"gmtModify":1633771045732,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/178317616","repostId":"1105124055","repostType":4,"isVote":1,"tweetType":1,"viewCount":812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801173320,"gmtCreate":1627492117160,"gmtModify":1633764462303,"author":{"id":"3568893769658331","authorId":"3568893769658331","name":"Idl3mind","avatar":"https://static.tigerbbs.com/73c568907b1cd98414bc36c7c2df4f1a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568893769658331","idStr":"3568893769658331"},"themes":[],"title":"","htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801173320","repostId":"2154721924","repostType":4,"repost":{"id":"2154721924","kind":"highlight","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":1627486574,"share":"https://www.laohunote.com/m/news/2154721924?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:36","market":"us","language":"en","title":"Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154721924","media":"Tiger Newspress","summary":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expecte","content":"<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Why AMD's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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's Stock Is Trading Higher Today<blockquote>为什么 AMD 的股价今天走高</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\">2021-07-28 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD 周二晚间公布了好于预期的第二季度财务业绩，并发布了高于预期的第三季度指引，周三上午股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was&nbsp;higher than the estimate of $3.82 billion.</p><p><blockquote>AMD 公布的季度收益为每股 63 美分，超出了每股 54 美分的预期。该公司公布季度收入为 38.5 亿美元，超出预期的 36.2 亿美元。AMD表示，预计第三季度营收将在40亿美元至42亿美元之间，高于38.2亿美元的预期。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su,&nbsp;president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官苏丽莎表示：“第二季度，我们的业务表现异常出色，收入和营业利润率翻了一番，盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b>&nbsp;Rosenblatt analyst Hans Mosesmann maintained&nbsp;AMD&nbsp;with a Buy rating and raised&nbsp;the price target from&nbsp;$135&nbsp;to&nbsp;$150.</p><p><blockquote><b>分析师评估：</b>Rosenblatt 分析师 Hans Mosesmann 维持 AMD 买入评级，并将目标价从 135 美元上调至 150 美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained&nbsp;AMD&nbsp;with a Positive rating and raised&nbsp;the price target from&nbsp;$125&nbsp;to&nbsp;$130.</p><p><blockquote>Susquehanna 分析师 Christopher Rolland 维持 AMD 的正面评级，并将目标价从 125 美元上调至 130 美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格行为：</b>52 周内，AMD 的交易价格最高可达 99.23 美元，最低可达 67.02 美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>周三最后一次检查时，该股上涨 5%，至 95.6 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154721924","content_text":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.\nAMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.\n\"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.\nAnalyst Assessment: Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.\nSusquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.\nPrice Action: AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.\nAt last check Wednesday, the stock was up 5% at $95.6.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}