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2022-02-07

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Roblox Stock: Don't Miss The Chance To Buy, With 1 Caveat<blockquote>Roblox股票：不要错过购买机会，但有1个警告</blockquote>

2022-02-07

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2022-02-06

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PayPal stock still offers 'four silver linings' after 'epic' selloff, says analyst<blockquote>分析师表示，在“史诗般”抛售之后，PayPal股票仍提供“四大一线希望”</blockquote>

2022-02-05

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Palantir: Red Flag Or Opportunity?<blockquote>Palantir：危险信号还是机遇？</blockquote>

2022-02-02

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2022-01-31

OMy....

盘前 | 恐慌指数拉升！股指期货全线转跌

2022-01-30

Ok

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2022-01-25

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Pre-Bell｜Kohl’s Soared 27.3%; Unilever Surged 6.6%<blockquote>盘前|美国柯尔百货公司大涨27.3%；联合利华飙升6.6%</blockquote>

2022-01-23

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2022-01-20

Noted

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2022-01-15

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Why Nio Stock Faces an Uphill Battle<blockquote>为什么蔚来股票面临一场艰苦的战斗</blockquote>

2022-01-12

Good

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2022-01-08

Read

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2022-01-07

Good

Some Meme Stocks Popped in Aftermarket Trading<blockquote>一些模因股票在盘后交易中上涨</blockquote>

2022-01-06

Read

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2022-01-03

Good

SenseTime Shares Surged More Than 35% in Hong Kong<blockquote>商汤科技股价在香港飙升逾35%</blockquote>

2022-01-01

Good

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2021-12-31

Good

NIO Stock: 2 Things to Know as the Short-Squeeze EV Play Makes Bears Cringe Today<blockquote>蔚来股票：电动汽车的空头挤压今天让空头畏缩，需要了解的两件事</blockquote>

2021-12-27

回复 @andylaufox:yes//@andylaufox:good

@贫民窟的大富翁本人:腾讯暴力减持京东背后是互联网行业逻辑的变迁

2021-12-23

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t":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633532736","repostId":"1190967225","repostType":4,"repost":{"id":"1190967225","kind":"news","pubTimestamp":1644212210,"share":"https://www.laohu8.com/m/news/1190967225?lang=zh_CN&edition=full","pubTime":"2022-02-07 13:36","market":"us","language":"en","title":"Roblox Stock: Don't Miss The Chance To Buy, With 1 Caveat<blockquote>Roblox股票：不要错过购买机会，但有1个警告</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190967225","media":"Seeking Alpha","summary":"SummaryRoblox is the leading user-generated gaming metaverse platform with over 220M monthly active ","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Roblox is the leading user-generated gaming metaverse platform with over 220M monthly active users.</li><li>Roblox is still investing heavily to further its metaverse ambitions.</li><li>However, RBLX stock suffered from the tech correction. Roblox also suffered from revelations of child pornography and sexual grooming.</li><li>We discuss why we think Roblox stock is still a buy, but with a caveat.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/206190681150a5af30b3c692daeff67d\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"/><span>tolgart/E+ via Getty Images</span></p><p><blockquote><ul><li>Roblox是领先的用户生成游戏元宇宙平台，每月活跃用户超过2.2亿。</li><li>Roblox仍在大力投资以进一步实现其元宇宙雄心。</li><li>然而，RBLX股票遭受了技术调整。Roblox还遭受了儿童色情和性修饰的曝光。</li><li>我们讨论了为什么我们认为Roblox股票仍然值得买入，但有一个警告。</li></ul><p class=\"t-img-caption\"><span>托尔加特/E+来自盖蒂图片社</span></p></blockquote></p><p><b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p>The gaming metaverse for younger gamers, Roblox Corporation (RBLX), recently saw its stock hit its all-time lows. It came after the stock staged a sharp momentum spike on its way to its all-time highs in November. But, we knew that the spike was not sustainable and needed to be digested eventually. The recent growth stocks correction was the perfect opportunity for sellers to burst its bubble and sent RBLX stock tumbling to its lowest levels since its listing in Mar&#39;21.</p><p><blockquote>面向年轻游戏玩家的游戏元宇宙Roblox Corporation(RBLX)的股价最近触及历史低点。此前，该股在11月份创下历史新高的过程中大幅上涨。但是，我们知道这种激增是不可持续的，最终需要被消化。最近的成长型股票调整是卖家打破泡沫的绝佳机会，并导致RBLX股票跌至21年3月上市以来的最低水平。</blockquote></p><p>The consensus price targets have also been revised downwards, reflecting the multiples compressions across growth stocks. Moreover, its China metaverse initiative has also hit a snag in January, as its partnership with Tencent (OTCPK:TCEHY) looks to have been paused.</p><p><blockquote>共识价格目标也被下调，反映出成长型股票的倍数压缩。此外，其China metaverse计划在1月份也遇到了障碍，因为其与腾讯控股（OTCPK：TCEHY）的合作似乎已暂停。</blockquote></p><p>Moreover, it was also hit by a recent report from The Bear Cave, discussing issues relating to child pornography and sexual grooming in the platform. Even though Roblox attempted to address the matter speedily, the damage has been done.</p><p><blockquote>此外，它还受到了熊洞最近一份报告的打击，该报告讨论了平台中与儿童色情和性修饰有关的问题。尽管Roblox试图迅速解决此事，但损害已经造成。</blockquote></p><p>Nonetheless, we believe that the Roblox platform remains a critical entry point to the multi-trillion dollar metaverse opportunity. We have also covered its underlying thesis and key financial metrics in a previous article.</p><p><blockquote>尽管如此，我们认为Roblox平台仍然是数万亿美元元宇宙机会的关键切入点。我们还在之前的文章中介绍了其基本论点和关键财务指标。</blockquote></p><p>We discuss why investors can now seize the opportunity from the recent pessimism and add RBLX stock.</p><p><blockquote>我们讨论为什么投资者现在可以从最近的悲观情绪中抓住机会并添加RBLX股票。</blockquote></p><p><b>Gaming Leadership and User-Generated Content is Roblox&#39;s Key Competitive Advantage</b></p><p><blockquote><b>游戏领先地位和用户生成内容是Roblox的关键竞争优势</b></blockquote></p><p>VP of Metaverse Content at Meta Platforms (FB) Jason Rubin emphasized at a recent conference (edited):</p><p><blockquote>Meta Platforms(FB)元宇宙内容副总裁Jason Rubin在最近的一次会议上强调（编辑）：</blockquote></p><p>Gaming is definitely a core part of the metaverse. Gaming created the game engine, right? For a long time, the game engine was the only major tool for real-time 3D graphics. Obviously, there was simulation and other things universities were doing, but for consumers, for the most part, it was gaming.<i>People like to play. We were born as children and we love to play. We never give it up</i>.<i>So, gaming becomes a great way to get people to spend a significant amount of time together</i>. And it gives people a way to build an identity system and do other things and invest in things together. And then I think adjacencies start forming because the people are there, and the possibilities are there. (VentureBeat)Roblox is arguably the largest user-generated gaming platform with over 220M monthly active users (MAU) (as of October 2021 according to R-Track) and almost 50M daily active users (DAU). While Epic Games has 194M users on PC, its December MAU peaked at 62M, way below Roblox&#39;s numbers. Therefore, Roblox is undoubtedly closer than Epic, its metaverse gaming arch-rival in reaching its proverbial target of 1B users.</p><p><blockquote>游戏绝对是元宇宙的核心部分。游戏创造了游戏引擎，对吗？在很长一段时间里，游戏引擎是实时3D图形的唯一主要工具。显然，大学在做模拟和其他事情，但对消费者来说，在很大程度上，这是游戏。<i>人们喜欢玩。我们生来就是孩子，我们喜欢玩耍。我们从不放弃</i>.<i>因此，游戏成为让人们花大量时间在一起的好方法</i>.它给了人们一种建立身份系统的方法，可以一起做其他事情，一起投资。然后我认为邻接开始形成，因为人在那里，可能性也在那里。(VentureBeat)Roblox可以说是最大的用户生成游戏平台，每月活跃用户(MAU)超过2.2亿（根据R-Track的数据截至2021年10月）和近5000万日活跃用户(DAU)。虽然Epic Games在PC上拥有1.94亿用户，但其12月份的MAU峰值为6200万，远低于Roblox的数字。因此，Roblox无疑比其元宇宙游戏主要竞争对手Epic更接近实现其众所周知的1B用户目标。</blockquote></p><p>Moreover, Roblox continues to be at the top of the global mobile gaming charts by MAU, downloads, and revenue. App Annie data confirmed Roblox as the #3 gaming platform by MAU in the AMER region in 2021.Sensor Tower rated Roblox as #5 in overall downloads and #3 by App Store downloads in December 2021. Furthermore, it rated Roblox as #3 in overall revenue in the same month. Therefore, we wish to impress upon our readers that Roblox is a massive global platform that&#39;s far from falling over the cliff. It may have been listed for less than a year, but it has been building its gaming metaverse experiences over the last seventeen years. Roblox CEO David Baszucki, a.k.a. Builderman, emphasized:</p><p><blockquote>此外，Roblox在MAU、下载量和收入方面继续位居全球移动游戏排行榜榜首。App Annie数据证实Roblox是2021年美国MAU排名第三的游戏平台。2021年12月，Sensor Tower将Roblox评为整体下载量第五名，App Store下载量第三名。此外，它将Roblox评为同月总收入第三名。因此，我们希望给读者留下这样的印象：Roblox是一个巨大的全球平台，还远未跌落悬崖。它可能上市还不到一年，但在过去的十七年里，它一直在构建其游戏元宇宙体验。Roblox首席执行官David Baszucki（又名Builderman）强调：</blockquote></p><p>When Erik Cassel and I started Roblox, we envisioned a new category of human co-experience where people could play, learn, and work together in digital worlds.<i>Seventeen years later, Roblox is increasingly an essential part of people&#39;s lives.</i>With tens of millions of daily active users and billions of monthly engagement hours,<i>we are moving closer toward our mission of connecting a billion people on our platform</i>. (Roblox)Moreover, in January, Roblox shared a gamut of meaningful data points that showed that the company has been making tremendous progress in building its creator ecosystem. Readers should note that the crux of Roblox&#39;s incredible leadership is the strength of its UGC platform. We believe that UGC is foundational to experiences in the virtual worlds we would experience in the metaverse. Consequently, Roblox remains well ahead in this aspect, given its UGC leadership.</p><p><blockquote>当埃里克·卡塞尔和我创办Roblox时，我们设想了一种新的人类共同体验，人们可以在数字世界中一起玩耍、学习和工作。<i>十七年后，Roblox越来越成为人们生活中必不可少的一部分。</i>凭借数千万日活跃用户和数十亿月参与小时数，<i>我们正在朝着在我们的平台上连接10亿人的使命迈进</i>.(Roblox)此外，一月份，Roblox分享了一系列有意义的数据点，表明该公司在构建创作者生态系统方面取得了巨大进展。读者应该注意到，Roblox令人难以置信的领导力的关键在于其UGC平台的实力。我们相信UGC是我们在元宇宙体验虚拟世界的基础。因此，鉴于其UGC的领导地位，Roblox在这方面仍然遥遥领先。</blockquote></p><p></p><p>Not only is its developer ecosystem highly robust, but it&#39;s also geographically diversified, across 170 countries.The largest number of developers come from the US, Brazil, Russia, the Philippines, and the UK. Therefore, Roblox has a global creator ecosystem serving experiences (as Roblox calls it) to a global community.</p><p><blockquote>它的开发者生态系统不仅非常强大，而且在地理上也很多样化，横跨170个国家。最多的开发者来自美国、巴西、俄罗斯、菲律宾和英国。因此，Roblox拥有一个全球创作者生态系统，为全球社区提供体验（作为Roblox评级it）。</blockquote></p><p>Notably, the company emphasized that its creator ecosystem has continued to grow rapidly over the past year. Roblox highlighted (edited):</p><p><blockquote>值得注意的是，该公司强调，其创作者生态系统在过去一年中继续快速增长。Roblox突出显示（已编辑）：</blockquote></p><p>This community has already become a driving force in pioneering a more inclusive metaverse, and<i>it&#39;s incredible to see a triple-digit percentage surge year over year</i>in the number of new creators that have used our free immersive creation engine Roblox Studio for the first time. The number of female creators using Roblox Studio for the first time grew 353% YoY, compared to 323% growth for new male creators. (Roblox)<b>Roblox is Investing Aggressively in the Metaverse</b></p><p><blockquote>这个社区已经成为开创更具包容性的元宇宙的驱动力，并且<i>令人难以置信的是，百分比同比增长三位数</i>首次使用我们的免费沉浸式创作引擎Roblox Studio的新创作者数量。首次使用Roblox Studio的女性创作者数量同比增长353%，而新男性创作者增长323%。（机器人）<b>Roblox正在积极投资元宇宙</b></blockquote></p><p>Even though Roblox has been building its metaversal experiences over the last seventeen years, it&#39;s not resting on its laurels. The company has continued to enhance its infrastructure and technology while attracting the most recognizable fashion, sports brands, and musicians to its platform. It included &#34;Gucci (OTCPK:PPRUF), Nike (NKE), and Vans, who took their first steps into digital experiences with Roblox. Similarly, artists such as KSI, Tai Verdes, Twenty One Pilots, and Zara Larsson brought their performances and music directly to fans in immersive, interactive experiences.&#34; Therefore, these forays would allow Roblox tremendous opportunities to monetize beyond its customary gaming experiences.</p><p><blockquote>尽管Roblox在过去十七年里一直在构建其元宇宙体验，但它并没有固步自封。该公司不断增强其基础设施和技术，同时吸引最知名的时尚、运动品牌和音乐家加入其平台。其中包括“Gucci(OTCPK：PPRUF)、Nike(NKE)和Vans，他们通过Roblox迈出了数字体验的第一步。同样，KSI、Tai Verdes、Twenty One Pilots和Zara Larsson等艺术家将他们的表演和音乐直接带给粉丝。”因此，这些尝试将为Roblox带来超越其传统游戏体验的巨大货币化机会。</blockquote></p><p>Moreover, the company has also been actively recruiting the best talents to bring on board. As a result, it will also be paying top-dollar. For example, Insider reported that Roblox added the &#34;metaverse&#34; term to all its open roles for hire. The top-tier employees can also command above $400K in base salary. Notably, these are all positions to help drive the company forward in its metaverse strategy; as CTO Daniel Sturman emphasized, &#34;all roles are geared towards enabling the metaverse experiences.&#34;</p><p><blockquote>此外，该公司还一直在积极招聘最优秀的人才。因此，它也将支付高价。例如，Insider报道称，Roblox在其所有公开招聘的职位中添加了“元宇宙”一词。顶级员工的基本工资也可以超过40万美元。值得注意的是，这些职位都有助于推动公司推进元宇宙战略；正如首席技术官Daniel Sturman强调的那样，“所有角色都旨在实现元宇宙体验。”</blockquote></p><p>Therefore, we believe that Roblox remains solidly positioned to leverage its gaming metaverse leadership to invest further to cement its lead against its arch-rivals.</p><p><blockquote>因此，我们认为Roblox仍然处于有利地位，可以利用其游戏元宇宙的领导地位进一步投资，以巩固其对主要竞争对手的领先地位。</blockquote></p><p><b>RBLX Stock is a Buy Now with a Caveat</b></p><p><blockquote><b>RBLX股票值得立即买入，但有一个警告</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7022cfda4bb9128bb4c44fa69c517e9\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"/><span>RBLX stock price action (TradingView)</span></p><p><blockquote><p class=\"t-img-caption\"><span>RBLX股价走势(TradingView)</span></p></blockquote></p><p>Readers can refer to the chart above that November&#39;s bull trap has been digested from the steep correction that brought it from its all-time highs to its all-time lows. But, we must highlight that the market must dissipate the momentum spike for RBLX stock to recover. Such spikes are never healthy for any stock, and we have been plenty of spikes from many growth stocks in November/December that has also been digested. As the market makers collapsed RBLX stock to its all-time lows, but it has also given the stock a chance to stage its next rally.</p><p><blockquote>读者可以参考上图，11月份的牛市陷阱已经从从历史高点到历史低点的急剧调整中被消化。但是，我们必须强调，市场必须消除RBLX股票复苏的势头。这种飙升对任何股票来说都不是健康的，我们在11月/12月经历了许多成长型股票的大量飙升，这些飙升也已被消化。随着做市商将RBLX股票跌至历史低点，但这也给了该股上演下一次反弹的机会。</blockquote></p><p>But, our caveat concerns the recent report by The Bear Cave. The details have been quite disturbing, even though it&#39;s not the first time such concerns have surfaced. We believe that management will do its best to eradicate such harmful content and creators over time. However, it&#39;s still important for investors to monitor these developments closely.</p><p><blockquote>但是，我们的警告是关于熊洞最近的报告。这些细节相当令人不安，尽管这不是这种担忧第一次浮出水面。我们相信，随着时间的推移，管理层将尽最大努力根除此类有害内容和创作者。然而，投资者密切关注这些事态发展仍然很重要。</blockquote></p><p>Consequently,<i>we reiterate our Buy rating on RBLX stock</i>.</p><p><blockquote>因此，<i>我们重申对RBLX股票的买入评级</i>.</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roblox Stock: Don't Miss The Chance To Buy, With 1 Caveat<blockquote>Roblox股票：不要错过购买机会，但有1个警告</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\">\nRoblox Stock: Don't Miss The Chance To Buy, With 1 Caveat<blockquote>Roblox股票：不要错过购买机会，但有1个警告</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2022-02-07 13:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Roblox is the leading user-generated gaming metaverse platform with over 220M monthly active users.</li><li>Roblox is still investing heavily to further its metaverse ambitions.</li><li>However, RBLX stock suffered from the tech correction. Roblox also suffered from revelations of child pornography and sexual grooming.</li><li>We discuss why we think Roblox stock is still a buy, but with a caveat.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/206190681150a5af30b3c692daeff67d\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"/><span>tolgart/E+ via Getty Images</span></p><p><blockquote><ul><li>Roblox是领先的用户生成游戏元宇宙平台，每月活跃用户超过2.2亿。</li><li>Roblox仍在大力投资以进一步实现其元宇宙雄心。</li><li>然而，RBLX股票遭受了技术调整。Roblox还遭受了儿童色情和性修饰的曝光。</li><li>我们讨论了为什么我们认为Roblox股票仍然值得买入，但有一个警告。</li></ul><p class=\"t-img-caption\"><span>托尔加特/E+来自盖蒂图片社</span></p></blockquote></p><p><b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p>The gaming metaverse for younger gamers, Roblox Corporation (RBLX), recently saw its stock hit its all-time lows. It came after the stock staged a sharp momentum spike on its way to its all-time highs in November. But, we knew that the spike was not sustainable and needed to be digested eventually. The recent growth stocks correction was the perfect opportunity for sellers to burst its bubble and sent RBLX stock tumbling to its lowest levels since its listing in Mar&#39;21.</p><p><blockquote>面向年轻游戏玩家的游戏元宇宙Roblox Corporation(RBLX)的股价最近触及历史低点。此前，该股在11月份创下历史新高的过程中大幅上涨。但是，我们知道这种激增是不可持续的，最终需要被消化。最近的成长型股票调整是卖家打破泡沫的绝佳机会，并导致RBLX股票跌至21年3月上市以来的最低水平。</blockquote></p><p>The consensus price targets have also been revised downwards, reflecting the multiples compressions across growth stocks. Moreover, its China metaverse initiative has also hit a snag in January, as its partnership with Tencent (OTCPK:TCEHY) looks to have been paused.</p><p><blockquote>共识价格目标也被下调，反映出成长型股票的倍数压缩。此外，其China metaverse计划在1月份也遇到了障碍，因为其与腾讯控股（OTCPK：TCEHY）的合作似乎已暂停。</blockquote></p><p>Moreover, it was also hit by a recent report from The Bear Cave, discussing issues relating to child pornography and sexual grooming in the platform. Even though Roblox attempted to address the matter speedily, the damage has been done.</p><p><blockquote>此外，它还受到了熊洞最近一份报告的打击，该报告讨论了平台中与儿童色情和性修饰有关的问题。尽管Roblox试图迅速解决此事，但损害已经造成。</blockquote></p><p>Nonetheless, we believe that the Roblox platform remains a critical entry point to the multi-trillion dollar metaverse opportunity. We have also covered its underlying thesis and key financial metrics in a previous article.</p><p><blockquote>尽管如此，我们认为Roblox平台仍然是数万亿美元元宇宙机会的关键切入点。我们还在之前的文章中介绍了其基本论点和关键财务指标。</blockquote></p><p>We discuss why investors can now seize the opportunity from the recent pessimism and add RBLX stock.</p><p><blockquote>我们讨论为什么投资者现在可以从最近的悲观情绪中抓住机会并添加RBLX股票。</blockquote></p><p><b>Gaming Leadership and User-Generated Content is Roblox&#39;s Key Competitive Advantage</b></p><p><blockquote><b>游戏领先地位和用户生成内容是Roblox的关键竞争优势</b></blockquote></p><p>VP of Metaverse Content at Meta Platforms (FB) Jason Rubin emphasized at a recent conference (edited):</p><p><blockquote>Meta Platforms(FB)元宇宙内容副总裁Jason Rubin在最近的一次会议上强调（编辑）：</blockquote></p><p>Gaming is definitely a core part of the metaverse. Gaming created the game engine, right? For a long time, the game engine was the only major tool for real-time 3D graphics. Obviously, there was simulation and other things universities were doing, but for consumers, for the most part, it was gaming.<i>People like to play. We were born as children and we love to play. We never give it up</i>.<i>So, gaming becomes a great way to get people to spend a significant amount of time together</i>. And it gives people a way to build an identity system and do other things and invest in things together. And then I think adjacencies start forming because the people are there, and the possibilities are there. (VentureBeat)Roblox is arguably the largest user-generated gaming platform with over 220M monthly active users (MAU) (as of October 2021 according to R-Track) and almost 50M daily active users (DAU). While Epic Games has 194M users on PC, its December MAU peaked at 62M, way below Roblox&#39;s numbers. Therefore, Roblox is undoubtedly closer than Epic, its metaverse gaming arch-rival in reaching its proverbial target of 1B users.</p><p><blockquote>游戏绝对是元宇宙的核心部分。游戏创造了游戏引擎，对吗？在很长一段时间里，游戏引擎是实时3D图形的唯一主要工具。显然，大学在做模拟和其他事情，但对消费者来说，在很大程度上，这是游戏。<i>人们喜欢玩。我们生来就是孩子，我们喜欢玩耍。我们从不放弃</i>.<i>因此，游戏成为让人们花大量时间在一起的好方法</i>.它给了人们一种建立身份系统的方法，可以一起做其他事情，一起投资。然后我认为邻接开始形成，因为人在那里，可能性也在那里。(VentureBeat)Roblox可以说是最大的用户生成游戏平台，每月活跃用户(MAU)超过2.2亿（根据R-Track的数据截至2021年10月）和近5000万日活跃用户(DAU)。虽然Epic Games在PC上拥有1.94亿用户，但其12月份的MAU峰值为6200万，远低于Roblox的数字。因此，Roblox无疑比其元宇宙游戏主要竞争对手Epic更接近实现其众所周知的1B用户目标。</blockquote></p><p>Moreover, Roblox continues to be at the top of the global mobile gaming charts by MAU, downloads, and revenue. App Annie data confirmed Roblox as the #3 gaming platform by MAU in the AMER region in 2021.Sensor Tower rated Roblox as #5 in overall downloads and #3 by App Store downloads in December 2021. Furthermore, it rated Roblox as #3 in overall revenue in the same month. Therefore, we wish to impress upon our readers that Roblox is a massive global platform that&#39;s far from falling over the cliff. It may have been listed for less than a year, but it has been building its gaming metaverse experiences over the last seventeen years. Roblox CEO David Baszucki, a.k.a. Builderman, emphasized:</p><p><blockquote>此外，Roblox在MAU、下载量和收入方面继续位居全球移动游戏排行榜榜首。App Annie数据证实Roblox是2021年美国MAU排名第三的游戏平台。2021年12月，Sensor Tower将Roblox评为整体下载量第五名，App Store下载量第三名。此外，它将Roblox评为同月总收入第三名。因此，我们希望给读者留下这样的印象：Roblox是一个巨大的全球平台，还远未跌落悬崖。它可能上市还不到一年，但在过去的十七年里，它一直在构建其游戏元宇宙体验。Roblox首席执行官David Baszucki（又名Builderman）强调：</blockquote></p><p>When Erik Cassel and I started Roblox, we envisioned a new category of human co-experience where people could play, learn, and work together in digital worlds.<i>Seventeen years later, Roblox is increasingly an essential part of people&#39;s lives.</i>With tens of millions of daily active users and billions of monthly engagement hours,<i>we are moving closer toward our mission of connecting a billion people on our platform</i>. (Roblox)Moreover, in January, Roblox shared a gamut of meaningful data points that showed that the company has been making tremendous progress in building its creator ecosystem. Readers should note that the crux of Roblox&#39;s incredible leadership is the strength of its UGC platform. We believe that UGC is foundational to experiences in the virtual worlds we would experience in the metaverse. Consequently, Roblox remains well ahead in this aspect, given its UGC leadership.</p><p><blockquote>当埃里克·卡塞尔和我创办Roblox时，我们设想了一种新的人类共同体验，人们可以在数字世界中一起玩耍、学习和工作。<i>十七年后，Roblox越来越成为人们生活中必不可少的一部分。</i>凭借数千万日活跃用户和数十亿月参与小时数，<i>我们正在朝着在我们的平台上连接10亿人的使命迈进</i>.(Roblox)此外，一月份，Roblox分享了一系列有意义的数据点，表明该公司在构建创作者生态系统方面取得了巨大进展。读者应该注意到，Roblox令人难以置信的领导力的关键在于其UGC平台的实力。我们相信UGC是我们在元宇宙体验虚拟世界的基础。因此，鉴于其UGC的领导地位，Roblox在这方面仍然遥遥领先。</blockquote></p><p></p><p>Not only is its developer ecosystem highly robust, but it&#39;s also geographically diversified, across 170 countries.The largest number of developers come from the US, Brazil, Russia, the Philippines, and the UK. Therefore, Roblox has a global creator ecosystem serving experiences (as Roblox calls it) to a global community.</p><p><blockquote>它的开发者生态系统不仅非常强大，而且在地理上也很多样化，横跨170个国家。最多的开发者来自美国、巴西、俄罗斯、菲律宾和英国。因此，Roblox拥有一个全球创作者生态系统，为全球社区提供体验（作为Roblox评级it）。</blockquote></p><p>Notably, the company emphasized that its creator ecosystem has continued to grow rapidly over the past year. Roblox highlighted (edited):</p><p><blockquote>值得注意的是，该公司强调，其创作者生态系统在过去一年中继续快速增长。Roblox突出显示（已编辑）：</blockquote></p><p>This community has already become a driving force in pioneering a more inclusive metaverse, and<i>it&#39;s incredible to see a triple-digit percentage surge year over year</i>in the number of new creators that have used our free immersive creation engine Roblox Studio for the first time. The number of female creators using Roblox Studio for the first time grew 353% YoY, compared to 323% growth for new male creators. (Roblox)<b>Roblox is Investing Aggressively in the Metaverse</b></p><p><blockquote>这个社区已经成为开创更具包容性的元宇宙的驱动力，并且<i>令人难以置信的是，百分比同比增长三位数</i>首次使用我们的免费沉浸式创作引擎Roblox Studio的新创作者数量。首次使用Roblox Studio的女性创作者数量同比增长353%，而新男性创作者增长323%。（机器人）<b>Roblox正在积极投资元宇宙</b></blockquote></p><p>Even though Roblox has been building its metaversal experiences over the last seventeen years, it&#39;s not resting on its laurels. The company has continued to enhance its infrastructure and technology while attracting the most recognizable fashion, sports brands, and musicians to its platform. It included &#34;Gucci (OTCPK:PPRUF), Nike (NKE), and Vans, who took their first steps into digital experiences with Roblox. Similarly, artists such as KSI, Tai Verdes, Twenty One Pilots, and Zara Larsson brought their performances and music directly to fans in immersive, interactive experiences.&#34; Therefore, these forays would allow Roblox tremendous opportunities to monetize beyond its customary gaming experiences.</p><p><blockquote>尽管Roblox在过去十七年里一直在构建其元宇宙体验，但它并没有固步自封。该公司不断增强其基础设施和技术，同时吸引最知名的时尚、运动品牌和音乐家加入其平台。其中包括“Gucci(OTCPK：PPRUF)、Nike(NKE)和Vans，他们通过Roblox迈出了数字体验的第一步。同样，KSI、Tai Verdes、Twenty One Pilots和Zara Larsson等艺术家将他们的表演和音乐直接带给粉丝。”因此，这些尝试将为Roblox带来超越其传统游戏体验的巨大货币化机会。</blockquote></p><p>Moreover, the company has also been actively recruiting the best talents to bring on board. As a result, it will also be paying top-dollar. For example, Insider reported that Roblox added the &#34;metaverse&#34; term to all its open roles for hire. The top-tier employees can also command above $400K in base salary. Notably, these are all positions to help drive the company forward in its metaverse strategy; as CTO Daniel Sturman emphasized, &#34;all roles are geared towards enabling the metaverse experiences.&#34;</p><p><blockquote>此外，该公司还一直在积极招聘最优秀的人才。因此，它也将支付高价。例如，Insider报道称，Roblox在其所有公开招聘的职位中添加了“元宇宙”一词。顶级员工的基本工资也可以超过40万美元。值得注意的是，这些职位都有助于推动公司推进元宇宙战略；正如首席技术官Daniel Sturman强调的那样，“所有角色都旨在实现元宇宙体验。”</blockquote></p><p>Therefore, we believe that Roblox remains solidly positioned to leverage its gaming metaverse leadership to invest further to cement its lead against its arch-rivals.</p><p><blockquote>因此，我们认为Roblox仍然处于有利地位，可以利用其游戏元宇宙的领导地位进一步投资，以巩固其对主要竞争对手的领先地位。</blockquote></p><p><b>RBLX Stock is a Buy Now with a Caveat</b></p><p><blockquote><b>RBLX股票值得立即买入，但有一个警告</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7022cfda4bb9128bb4c44fa69c517e9\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"/><span>RBLX stock price action (TradingView)</span></p><p><blockquote><p class=\"t-img-caption\"><span>RBLX股价走势(TradingView)</span></p></blockquote></p><p>Readers can refer to the chart above that November&#39;s bull trap has been digested from the steep correction that brought it from its all-time highs to its all-time lows. But, we must highlight that the market must dissipate the momentum spike for RBLX stock to recover. Such spikes are never healthy for any stock, and we have been plenty of spikes from many growth stocks in November/December that has also been digested. As the market makers collapsed RBLX stock to its all-time lows, but it has also given the stock a chance to stage its next rally.</p><p><blockquote>读者可以参考上图，11月份的牛市陷阱已经从从历史高点到历史低点的急剧调整中被消化。但是，我们必须强调，市场必须消除RBLX股票复苏的势头。这种飙升对任何股票来说都不是健康的，我们在11月/12月经历了许多成长型股票的大量飙升，这些飙升也已被消化。随着做市商将RBLX股票跌至历史低点，但这也给了该股上演下一次反弹的机会。</blockquote></p><p>But, our caveat concerns the recent report by The Bear Cave. The details have been quite disturbing, even though it&#39;s not the first time such concerns have surfaced. We believe that management will do its best to eradicate such harmful content and creators over time. However, it&#39;s still important for investors to monitor these developments closely.</p><p><blockquote>但是，我们的警告是关于熊洞最近的报告。这些细节相当令人不安，尽管这不是这种担忧第一次浮出水面。我们相信，随着时间的推移，管理层将尽最大努力根除此类有害内容和创作者。然而，投资者密切关注这些事态发展仍然很重要。</blockquote></p><p>Consequently,<i>we reiterate our Buy rating on RBLX stock</i>.</p><p><blockquote>因此，<i>我们重申对RBLX股票的买入评级</i>.</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4484696-roblox-rblx-stock-dont-miss-chance-buy-caveat\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://seekingalpha.com/article/4484696-roblox-rblx-stock-dont-miss-chance-buy-caveat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190967225","content_text":"SummaryRoblox is the leading user-generated gaming metaverse platform with over 220M monthly active users.Roblox is still investing heavily to further its metaverse ambitions.However, RBLX stock suffered from the tech correction. Roblox also suffered from revelations of child pornography and sexual grooming.We discuss why we think Roblox stock is still a buy, but with a caveat.tolgart/E+ via Getty ImagesInvestment ThesisThe gaming metaverse for younger gamers, Roblox Corporation (RBLX), recently saw its stock hit its all-time lows. It came after the stock staged a sharp momentum spike on its way to its all-time highs in November. But, we knew that the spike was not sustainable and needed to be digested eventually. The recent growth stocks correction was the perfect opportunity for sellers to burst its bubble and sent RBLX stock tumbling to its lowest levels since its listing in Mar'21.The consensus price targets have also been revised downwards, reflecting the multiples compressions across growth stocks. Moreover, its China metaverse initiative has also hit a snag in January, as its partnership with Tencent (OTCPK:TCEHY) looks to have been paused.Moreover, it was also hit by a recent report from The Bear Cave, discussing issues relating to child pornography and sexual grooming in the platform. Even though Roblox attempted to address the matter speedily, the damage has been done.Nonetheless, we believe that the Roblox platform remains a critical entry point to the multi-trillion dollar metaverse opportunity. We have also covered its underlying thesis and key financial metrics in a previous article.We discuss why investors can now seize the opportunity from the recent pessimism and add RBLX stock.Gaming Leadership and User-Generated Content is Roblox's Key Competitive AdvantageVP of Metaverse Content at Meta Platforms (FB) Jason Rubin emphasized at a recent conference (edited):Gaming is definitely a core part of the metaverse. Gaming created the game engine, right? For a long time, the game engine was the only major tool for real-time 3D graphics. Obviously, there was simulation and other things universities were doing, but for consumers, for the most part, it was gaming.People like to play. We were born as children and we love to play. We never give it up.So, gaming becomes a great way to get people to spend a significant amount of time together. And it gives people a way to build an identity system and do other things and invest in things together. And then I think adjacencies start forming because the people are there, and the possibilities are there. (VentureBeat)Roblox is arguably the largest user-generated gaming platform with over 220M monthly active users (MAU) (as of October 2021 according to R-Track) and almost 50M daily active users (DAU). While Epic Games has 194M users on PC, its December MAU peaked at 62M, way below Roblox's numbers. Therefore, Roblox is undoubtedly closer than Epic, its metaverse gaming arch-rival in reaching its proverbial target of 1B users.Moreover, Roblox continues to be at the top of the global mobile gaming charts by MAU, downloads, and revenue. App Annie data confirmed Roblox as the #3 gaming platform by MAU in the AMER region in 2021.Sensor Tower rated Roblox as #5 in overall downloads and #3 by App Store downloads in December 2021. Furthermore, it rated Roblox as #3 in overall revenue in the same month. Therefore, we wish to impress upon our readers that Roblox is a massive global platform that's far from falling over the cliff. It may have been listed for less than a year, but it has been building its gaming metaverse experiences over the last seventeen years. Roblox CEO David Baszucki, a.k.a. Builderman, emphasized:When Erik Cassel and I started Roblox, we envisioned a new category of human co-experience where people could play, learn, and work together in digital worlds.Seventeen years later, Roblox is increasingly an essential part of people's lives.With tens of millions of daily active users and billions of monthly engagement hours,we are moving closer toward our mission of connecting a billion people on our platform. (Roblox)Moreover, in January, Roblox shared a gamut of meaningful data points that showed that the company has been making tremendous progress in building its creator ecosystem. Readers should note that the crux of Roblox's incredible leadership is the strength of its UGC platform. We believe that UGC is foundational to experiences in the virtual worlds we would experience in the metaverse. Consequently, Roblox remains well ahead in this aspect, given its UGC leadership.Not only is its developer ecosystem highly robust, but it's also geographically diversified, across 170 countries.The largest number of developers come from the US, Brazil, Russia, the Philippines, and the UK. Therefore, Roblox has a global creator ecosystem serving experiences (as Roblox calls it) to a global community.Notably, the company emphasized that its creator ecosystem has continued to grow rapidly over the past year. Roblox highlighted (edited):This community has already become a driving force in pioneering a more inclusive metaverse, andit's incredible to see a triple-digit percentage surge year over yearin the number of new creators that have used our free immersive creation engine Roblox Studio for the first time. The number of female creators using Roblox Studio for the first time grew 353% YoY, compared to 323% growth for new male creators. (Roblox)Roblox is Investing Aggressively in the MetaverseEven though Roblox has been building its metaversal experiences over the last seventeen years, it's not resting on its laurels. The company has continued to enhance its infrastructure and technology while attracting the most recognizable fashion, sports brands, and musicians to its platform. It included \"Gucci (OTCPK:PPRUF), Nike (NKE), and Vans, who took their first steps into digital experiences with Roblox. Similarly, artists such as KSI, Tai Verdes, Twenty One Pilots, and Zara Larsson brought their performances and music directly to fans in immersive, interactive experiences.\" Therefore, these forays would allow Roblox tremendous opportunities to monetize beyond its customary gaming experiences.Moreover, the company has also been actively recruiting the best talents to bring on board. As a result, it will also be paying top-dollar. For example, Insider reported that Roblox added the \"metaverse\" term to all its open roles for hire. The top-tier employees can also command above $400K in base salary. Notably, these are all positions to help drive the company forward in its metaverse strategy; as CTO Daniel Sturman emphasized, \"all roles are geared towards enabling the metaverse experiences.\"Therefore, we believe that Roblox remains solidly positioned to leverage its gaming metaverse leadership to invest further to cement its lead against its arch-rivals.RBLX Stock is a Buy Now with a CaveatRBLX stock price action (TradingView)Readers can refer to the chart above that November's bull trap has been digested from the steep correction that brought it from its all-time highs to its all-time lows. But, we must highlight that the market must dissipate the momentum spike for RBLX stock to recover. Such spikes are never healthy for any stock, and we have been plenty of spikes from many growth stocks in November/December that has also been digested. As the market makers collapsed RBLX stock to its all-time lows, but it has also given the stock a chance to stage its next rally.But, our caveat concerns the recent report by The Bear Cave. The details have been quite disturbing, even though it's not the first time such concerns have surfaced. We believe that management will do its best to eradicate such harmful content and creators over time. However, it's still important for investors to monitor these developments closely.Consequently,we reiterate our Buy rating on RBLX stock.","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633532608,"gmtCreate":1644214309333,"gmtModify":1644214309565,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633532608","repostId":"1139709004","repostType":4,"isVote":1,"tweetType":1,"viewCount":2318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633237574,"gmtCreate":1644110275593,"gmtModify":1644110275866,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633237574","repostId":"2209524346","repostType":4,"repost":{"id":"2209524346","kind":"highlight","pubTimestamp":1644028119,"share":"https://www.laohu8.com/m/news/2209524346?lang=zh_CN&edition=full","pubTime":"2022-02-05 10:28","market":"us","language":"en","title":"PayPal stock still offers 'four silver linings' after 'epic' selloff, says analyst<blockquote>分析师表示，在“史诗般”抛售之后，PayPal股票仍提供“四大一线希望”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2209524346","media":"MarketWatch","summary":"Improving engagement trends are encouraging given strategic 'pivot,' Mizuho saysPayPal recently anno","content":"<p><html><head></head><body>Improving engagement trends are encouraging given strategic &#39;pivot,&#39; Mizuho says</p><p><blockquote><html><head></head><body>瑞穗表示，鉴于战略“支点”，参与度趋势的改善令人鼓舞</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e30cb2b6a29715f9c2a44811c5aa446\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>PayPal recently announced a new strategy on user-growth that prioritizes “higher-value” accounts over less engaged ones.</span></p><p><blockquote><p class=\"t-img-caption\"><span>PayPal最近宣布了一项新的用户增长战略，优先考虑“高价值”账户，而不是参与度较低的账户。</span></p></blockquote></p><p>Shares of PayPal Holdings Inc. have been pummeled in recent days after the e-commerce company gave a disappointing forecast and announced a change in its business strategy, but one analyst still sees shine in PayPal&#39;s story.</p><p><blockquote>在这家电子商务公司PayPal控股公司给出了令人失望的预测并宣布改变其业务战略后，该公司的股价最近几天遭受重创，但一位分析师仍然认为PayPal的故事有亮点。</blockquote></p><p>Mizuho&#39;s Dan Dolev wrote Friday that PayPal&#39;s (PYPL) narrative has &#34;four silver linings&#34; despite the &#34;epic de-rating&#34; of PayPal&#39;s stock. The shares fell 22.9% on the week of PayPal&#39;s holiday-quarter earnings report, and they&#39;re off nearly 60% from the company&#39;s all-time closing high of $308.53 established in July 2021.</p><p><blockquote>瑞穗银行(Mizuho)的丹·多列夫(Dan Dolev)周五写道，尽管PayPal股票遭到“史诗般的降级”，但PayPal(PYPL)的叙述仍有“四大一线希望”。PayPal发布假日季度收益报告当周，该股下跌22.9%，较该公司2021年7月创下的历史收盘高点308.53美元下跌近60%。</blockquote></p><p>Dolev was encouraged that PayPal&#39;s total payment volume per user appears to have bottomed in the third-quarter as fourth-quarter trends improved. The metric captured the value of transactions going through PayPal&#39;s platform, measured on a per-user basis while excluding merchant accounts.</p><p><blockquote>Dolev感到鼓舞的是，随着第四季度趋势的改善，PayPal的每用户总支付量似乎已在第三季度触底。该指标捕捉了通过PayPal平台进行的交易价值，以每个用户为基础进行衡量，但不包括商家账户。</blockquote></p><p>&#34;Our analysis shows that PYPL&#39;s share price (lagged by one quarter) closely tracks incremental TPV per user,&#34; he wrote, noting about $70 in TPV per user in the fourth quarter, up from $68 in the third. &#34;If this metric continues to improve, the stock is likely to follow, in our view.&#34;</p><p><blockquote>“我们的分析表明，PYPL的股价（滞后一个季度）密切跟踪每用户TPV的增量，”他写道，并指出第四季度每用户TPV约为70美元，高于第三季度的68美元。“我们认为，如果这一指标继续改善，该股可能会随之改善。”</blockquote></p><p>Further, Dolev saw improvement in PayPal&#39;s take rate when excluding <a href=\"https://laohu8.com/S/EBAY\">eBay</a> volumes. The ex-eBay take rate, which represents the cut that the company gets of each transaction, rose to 2.03% in the fourth quarter, up from 1.98% in the third quarter and 1.95% in the second quarter, he noted.</p><p><blockquote>此外，多列夫发现PayPal的录取率在排除<a href=\"https://laohu8.com/S/EBAY\">eBay</a>卷。他指出，eBay前提成率（代表公司从每笔交易中获得的提成）在第四季度升至2.03%，高于第三季度的1.98%和第二季度的1.95%。</blockquote></p><p>Incremental growth in TPV, when excluding eBay and peer-to-peer volumes, improved as well from the third quarter to hit $55 billion, Dolev noted. While that number came in below the second-quarter high, it was better than PayPal&#39;s performance in each quarter of 2020.</p><p><blockquote>Dolev指出，如果不包括eBay和点对点交易量，TPV的增量增长也较第三季度有所改善，达到550亿美元。虽然这一数字低于第二季度的高点，但好于PayPal 2020年每个季度的表现。</blockquote></p><p>Finally, PayPal showed more incremental transactions per active account in the fourth quarter than it did in the third quarter, according to Dolev.</p><p><blockquote>最后，多列夫表示，PayPal第四季度每个活跃账户的增量交易比第三季度更多。</blockquote></p><p>&#34;Better engagement trends bode well for PYPL, especially given the company&#39;s pivot on user strategy,&#34; he wrote. &#34;Since PYPL is weighting its focus more towards customer retention and improving engagement of existing customers, this metric is becoming increasingly important.&#34;</p><p><blockquote>“更好的参与趋势对PYPL来说是个好兆头，特别是考虑到该公司专注于用户战略，”他写道。“由于PYPL更加注重客户保留和提高现有客户的参与度，因此这一指标变得越来越重要。”</blockquote></p><p>Dolev kept a buy rating on PayPal&#39;s shares, though he reduced his price target to $175 from $200 in Friday&#39;s note to clients.</p><p><blockquote>多列夫维持对PayPal股票的买入评级，不过他在周五给客户的报告中将目标价从200美元下调至175美元。</blockquote></p><p></body></html></p><p><blockquote></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>PayPal stock still offers 'four silver linings' after 'epic' selloff, says analyst<blockquote>分析师表示，在“史诗般”抛售之后，PayPal股票仍提供“四大一线希望”</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\">\nPayPal stock still offers 'four silver linings' after 'epic' selloff, says analyst<blockquote>分析师表示，在“史诗般”抛售之后，PayPal股票仍提供“四大一线希望”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2022-02-05 10:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Improving engagement trends are encouraging given strategic &#39;pivot,&#39; Mizuho says</p><p><blockquote><html><head></head><body>瑞穗表示，鉴于战略“支点”，参与度趋势的改善令人鼓舞</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e30cb2b6a29715f9c2a44811c5aa446\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>PayPal recently announced a new strategy on user-growth that prioritizes “higher-value” accounts over less engaged ones.</span></p><p><blockquote><p class=\"t-img-caption\"><span>PayPal最近宣布了一项新的用户增长战略，优先考虑“高价值”账户，而不是参与度较低的账户。</span></p></blockquote></p><p>Shares of PayPal Holdings Inc. have been pummeled in recent days after the e-commerce company gave a disappointing forecast and announced a change in its business strategy, but one analyst still sees shine in PayPal&#39;s story.</p><p><blockquote>在这家电子商务公司PayPal控股公司给出了令人失望的预测并宣布改变其业务战略后，该公司的股价最近几天遭受重创，但一位分析师仍然认为PayPal的故事有亮点。</blockquote></p><p>Mizuho&#39;s Dan Dolev wrote Friday that PayPal&#39;s (PYPL) narrative has &#34;four silver linings&#34; despite the &#34;epic de-rating&#34; of PayPal&#39;s stock. The shares fell 22.9% on the week of PayPal&#39;s holiday-quarter earnings report, and they&#39;re off nearly 60% from the company&#39;s all-time closing high of $308.53 established in July 2021.</p><p><blockquote>瑞穗银行(Mizuho)的丹·多列夫(Dan Dolev)周五写道，尽管PayPal股票遭到“史诗般的降级”，但PayPal(PYPL)的叙述仍有“四大一线希望”。PayPal发布假日季度收益报告当周，该股下跌22.9%，较该公司2021年7月创下的历史收盘高点308.53美元下跌近60%。</blockquote></p><p>Dolev was encouraged that PayPal&#39;s total payment volume per user appears to have bottomed in the third-quarter as fourth-quarter trends improved. The metric captured the value of transactions going through PayPal&#39;s platform, measured on a per-user basis while excluding merchant accounts.</p><p><blockquote>Dolev感到鼓舞的是，随着第四季度趋势的改善，PayPal的每用户总支付量似乎已在第三季度触底。该指标捕捉了通过PayPal平台进行的交易价值，以每个用户为基础进行衡量，但不包括商家账户。</blockquote></p><p>&#34;Our analysis shows that PYPL&#39;s share price (lagged by one quarter) closely tracks incremental TPV per user,&#34; he wrote, noting about $70 in TPV per user in the fourth quarter, up from $68 in the third. &#34;If this metric continues to improve, the stock is likely to follow, in our view.&#34;</p><p><blockquote>“我们的分析表明，PYPL的股价（滞后一个季度）密切跟踪每用户TPV的增量，”他写道，并指出第四季度每用户TPV约为70美元，高于第三季度的68美元。“我们认为，如果这一指标继续改善，该股可能会随之改善。”</blockquote></p><p>Further, Dolev saw improvement in PayPal&#39;s take rate when excluding <a href=\"https://laohu8.com/S/EBAY\">eBay</a> volumes. The ex-eBay take rate, which represents the cut that the company gets of each transaction, rose to 2.03% in the fourth quarter, up from 1.98% in the third quarter and 1.95% in the second quarter, he noted.</p><p><blockquote>此外，多列夫发现PayPal的录取率在排除<a href=\"https://laohu8.com/S/EBAY\">eBay</a>卷。他指出，eBay前提成率（代表公司从每笔交易中获得的提成）在第四季度升至2.03%，高于第三季度的1.98%和第二季度的1.95%。</blockquote></p><p>Incremental growth in TPV, when excluding eBay and peer-to-peer volumes, improved as well from the third quarter to hit $55 billion, Dolev noted. While that number came in below the second-quarter high, it was better than PayPal&#39;s performance in each quarter of 2020.</p><p><blockquote>Dolev指出，如果不包括eBay和点对点交易量，TPV的增量增长也较第三季度有所改善，达到550亿美元。虽然这一数字低于第二季度的高点，但好于PayPal 2020年每个季度的表现。</blockquote></p><p>Finally, PayPal showed more incremental transactions per active account in the fourth quarter than it did in the third quarter, according to Dolev.</p><p><blockquote>最后，多列夫表示，PayPal第四季度每个活跃账户的增量交易比第三季度更多。</blockquote></p><p>&#34;Better engagement trends bode well for PYPL, especially given the company&#39;s pivot on user strategy,&#34; he wrote. &#34;Since PYPL is weighting its focus more towards customer retention and improving engagement of existing customers, this metric is becoming increasingly important.&#34;</p><p><blockquote>“更好的参与趋势对PYPL来说是个好兆头，特别是考虑到该公司专注于用户战略，”他写道。“由于PYPL更加注重客户保留和提高现有客户的参与度，因此这一指标变得越来越重要。”</blockquote></p><p>Dolev kept a buy rating on PayPal&#39;s shares, though he reduced his price target to $175 from $200 in Friday&#39;s note to clients.</p><p><blockquote>多列夫维持对PayPal股票的买入评级，不过他在周五给客户的报告中将目标价从200美元下调至175美元。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/paypal-stock-still-offers-four-silver-linings-after-epic-selloff-says-analyst-11643980171?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":{"BK4106":"数据处理与外包服务","BK4524":"宅经济概念","BK4535":"淡马锡持仓","PYPL":"PayPal","BK4554":"元宇宙及AR概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4527":"明星科技股","BK4566":"资本集团","BK4551":"寇图资本持仓","BK4534":"瑞士信贷持仓"},"source_url":"https://www.marketwatch.com/story/paypal-stock-still-offers-four-silver-linings-after-epic-selloff-says-analyst-11643980171?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209524346","content_text":"Improving engagement trends are encouraging given strategic 'pivot,' Mizuho saysPayPal recently announced a new strategy on user-growth that prioritizes “higher-value” accounts over less engaged ones.Shares of PayPal Holdings Inc. have been pummeled in recent days after the e-commerce company gave a disappointing forecast and announced a change in its business strategy, but one analyst still sees shine in PayPal's story.Mizuho's Dan Dolev wrote Friday that PayPal's (PYPL) narrative has \"four silver linings\" despite the \"epic de-rating\" of PayPal's stock. The shares fell 22.9% on the week of PayPal's holiday-quarter earnings report, and they're off nearly 60% from the company's all-time closing high of $308.53 established in July 2021.Dolev was encouraged that PayPal's total payment volume per user appears to have bottomed in the third-quarter as fourth-quarter trends improved. The metric captured the value of transactions going through PayPal's platform, measured on a per-user basis while excluding merchant accounts.\"Our analysis shows that PYPL's share price (lagged by one quarter) closely tracks incremental TPV per user,\" he wrote, noting about $70 in TPV per user in the fourth quarter, up from $68 in the third. \"If this metric continues to improve, the stock is likely to follow, in our view.\"Further, Dolev saw improvement in PayPal's take rate when excluding eBay volumes. The ex-eBay take rate, which represents the cut that the company gets of each transaction, rose to 2.03% in the fourth quarter, up from 1.98% in the third quarter and 1.95% in the second quarter, he noted.Incremental growth in TPV, when excluding eBay and peer-to-peer volumes, improved as well from the third quarter to hit $55 billion, Dolev noted. While that number came in below the second-quarter high, it was better than PayPal's performance in each quarter of 2020.Finally, PayPal showed more incremental transactions per active account in the fourth quarter than it did in the third quarter, according to Dolev.\"Better engagement trends bode well for PYPL, especially given the company's pivot on user strategy,\" he wrote. \"Since PYPL is weighting its focus more towards customer retention and improving engagement of existing customers, this metric is becoming increasingly important.\"Dolev kept a buy rating on PayPal's shares, though he reduced his price target to $175 from $200 in Friday's note to clients.","news_type":1,"symbols_score_info":{"PYPL":1}},"isVote":1,"tweetType":1,"viewCount":2753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633203693,"gmtCreate":1644062273346,"gmtModify":1644062273582,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633203693","repostId":"1196927717","repostType":4,"repost":{"id":"1196927717","kind":"news","pubTimestamp":1644033090,"share":"https://www.laohu8.com/m/news/1196927717?lang=zh_CN&edition=full","pubTime":"2022-02-05 11:51","market":"us","language":"en","title":"Palantir: Red Flag Or Opportunity?<blockquote>Palantir：危险信号还是机遇？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196927717","media":"Seeking Alpha","summary":"SummaryPalantir has only 203 total customers as of Q3 2021, while just 20 of those customers account","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Palantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.</li><li>Revenue growth in Palantir’s core client cohort slowed to 20% annualized through the first three quarters of 2021 compared to 2020.</li><li>During 2021, Palantir fundamentally transformed its go-to-market strategy. The company is now using its cash to aggressively invest in other companies (Investees) who agree to purchase Palantir’s software.</li><li>Management continues to guide for 30% sales growth through mid-decade. However, Palantir’s 3-phase business model hints at sales trending lower excluding its Investee sales.</li><li>Palantir offers extraordinary long-term growth potential which should place it on the watchlist of all growth investors. The investment case rests on the fulcrum between opportunity and red flags.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd7a77abaec0ea0aa58eebb9ce4b9606\" tg-width=\"1536\" tg-height=\"1187\" width=\"100%\" height=\"auto\"/><span>agawa288/iStock via Getty Images</span></p><p><blockquote><ul><li>截至2021年第三季度，Palantir总共只有203名客户，而其中只有20名客户占总收入的58%。</li><li>与2020年相比，2021年前三季度Palantir核心客户群的年化收入增长放缓至20%。</li><li>2021年，Palantir从根本上改变了其上市战略。该公司目前正在利用其现金积极投资同意购买Palantir软件的其他公司（被投资方）。</li><li>管理层继续指导到十年中期销售额增长30%。然而，Palantir的三阶段业务模式暗示，不包括其被投资方的销售额，销售额呈下降趋势。</li><li>Palantir提供了非凡的长期增长潜力，这应该使其成为所有成长型投资者的观察名单。投资案例建立在机会和危险信号之间的支点上。</li></ul><p class=\"t-img-caption\"><span>agawa288/iStock来自Getty Images</span></p></blockquote></p><p>I am assigning Palantir (NYSE:PLTR) a neutral risk/reward rating as the long-term growth opportunity is counterbalanced by near-term red flags. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, a number of notable red flags warrant caution. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error.</p><p><blockquote>我给予Palantir（纽约证券交易所股票代码：PLTR）中性风险/回报评级，因为长期增长机会被近期危险信号所抵消。长期的机会在于成为能够集成结构化和非结构化数据以实现实时智能的基础企业操作系统。然而，一些值得注意的危险信号值得谨慎。主要的危险信号包括销售放缓、不寻常的上市转变、盈利能力迅速下降以及估值上升（误差幅度有限）。</blockquote></p><p><b>Risk/Reward Rating: Neutral</b></p><p><blockquote><b>风险/回报评级：中性</b></blockquote></p><p>Palantir has an unusual business model compared to its peers in the enterprise software sector in regard to how it acquires and grows its customer base. The company categorizes its customers according to three phases of development or cohorts: (1) Acquire, (2) Expand, and (3) Scale. While they are generic terms that are applicable to all businesses, they are unique in the case of Palantir due to how the company approaches its customers.</p><p><blockquote>与企业软件领域的同行相比，Palantir在获取和扩大客户群方面拥有不同寻常的商业模式。该公司根据三个发展阶段或群体对其客户进行分类：（1）收购、（2）扩张和（3）规模。虽然它们是适用于所有企业的通用术语，但由于该公司对待客户的方式，它们在Palantir的情况下是独一无二的。</blockquote></p><p><b>Customer Detail</b></p><p><blockquote><b>客户详细信息</b></blockquote></p><p>Palantir defines a customer in the Acquire cohort as one that has generated less than $100,000 of revenue as of year-end while being unprofitable to Palantir. The Expand cohort is characterized by a customer that generated more than $100,000 of sales yet remained unprofitable. Finally, the Scale cohort is defined as a customer that has generated more than $100,000 of revenue while being a profitable relationship for Palantir during the year.</p><p><blockquote>Palantir将收购群体中的客户定义为截至年底收入低于100,000美元且对Palantir无利可图的客户。扩展群组的特点是一个销售额超过100,000美元但仍未盈利的客户。最后，规模群体被定义为在这一年中为Palantir创造了超过100,000美元收入且具有盈利关系的客户。</blockquote></p><p>The following tables were compiled from Palantir’s Q3 2021 10-Q filed with the SEC. The first table displays Palantir’s 2020 sales from each of the client cohorts which were categorized at the end of 2020 (2020 Revenue). In the 2021 Annualized column, you will find the sales of each of these 2020 customer cohorts through Q3 2021 annualized. In the second set of tables, I have compiled key details regarding Palantir’s largest customers over the past twelve months, as well as critical details pertaining to customers that are new to Palantir in 2021 which are not yet assigned to a cohort. Cohort categorization occurs at the end of each year.</p><p><blockquote>下表摘自Palantir向SEC提交的2021年第三季度10-Q报告。第一个表显示了Palantir在2020年底分类的每个客户群体的2020年销售额（2020年收入）。在2021年年化栏中，您会发现这些2020年客户群到2021年第三季度的年化销售额。在第二组表格中，我汇编了过去12个月Palantir最大客户的关键详细信息，以及与2021年Palantir新客户相关的关键详细信息，这些客户尚未分配到某个群组。队列分类在每年年底进行。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e38ee31a1d6e826d2d02216e39ac570\" tg-width=\"640\" tg-height=\"151\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4dc61112528e104ef0d3a8dc80f89d1\" tg-width=\"581\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>For ease of comparison, I have color-coded the information that is related. One of the dominant realities for Palantir is its concentrated customer base, which is highlighted in blue. Palantir has only 203 customers, with the top 20 accounting for 58% of sales.</p><p><blockquote>为了便于比较，我对相关信息进行了颜色编码。Palantir的主要现实之一是其集中的客户群，以蓝色突出显示。Palantir只有203个客户，前20名占销售额的58%。</blockquote></p><p>By definition, Palantir’s largest customers are in the Scale cohort. Through the first three quarters of 2021, the Scale cohort (categorized as such at the end of 2020) is growing at an annualized rate of 20%. Given that this group accounts for 86% of Palantir’s revenue, it will be challenging to move the sales growth needle materially above 20% without explosive growth from the other two cohorts or a material acceleration from the Scale cohort. It should be noted that management is guiding to 30% annual sales growth through mid-decade.</p><p><blockquote>根据定义，Palantir最大的客户属于规模群体。到2021年前三季度，规模队列（2020年底分类）以20%的年化速度增长。鉴于该群体占Palantir收入的86%，如果没有其他两个群体的爆炸性增长或规模群体的实质性加速，将销售增长率大幅提高到20%以上将具有挑战性。应该指出的是，管理层指导到十年中期年销售额增长30%。</blockquote></p><p></p><p>The 2020 year-end Acquire and Expand cohorts are highlighted in yellow in the upper table. New customers in 2021 will not be assigned to a cohort until the year-end Palantir report. I have highlighted the pertinent 2021 new customer data in yellow for easy comparison to the 2020 Acquire and Expand customer cohorts. I view the 2021 new customer sales performance excluding sales to Investees to be a sustainable core growth rate. The Investee customer acquisition strategy is extraordinarily unusual and carries an exceedingly high capital risk which introduces reputational and, therefore, brand risk.</p><p><blockquote>上表中以黄色突出显示了2020年底收购和扩展队列。在年终Palantir报告发布之前，2021年的新客户不会被分配到一个队列中。我用黄色突出显示了相关的2021年新客户数据，以便于与2020年获取和扩展客户群体进行比较。我认为2021年新客户销售业绩（不包括对被投资方的销售）是可持续的核心增长率。被投资方的客户获取策略非常不寻常，具有极高的资本风险，从而引入声誉风险，从而引入品牌风险。</blockquote></p><p>Please note that Investee here refers to customers that Palantir has purchased the stock of in return for the Investee using Palantir’s software. Meaning, the revenue from Investees is a reciprocation of Palantir investing in the shares of these customers. In this respect, these are not arm’s-length transactions. I believe the new client numbers excluding sales to Investees is an important data point for ascertaining a purely market-based new customer growth rate.</p><p><blockquote>请注意，这里的被投资方是指Palantir使用Palantir的软件购买其股票以换取被投资方的客户。这意味着，来自被投资方的收入是Palantir投资这些客户股票的回报。在这方面，这些不是公平交易。我认为，不包括对被投资方的销售的新客户数量是确定纯粹基于市场的新客户增长率的重要数据点。</blockquote></p><p>Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021 compared to the $20.6 million of sales from the Acquire and Expand cohorts of 2020. While this is not a perfect comparison for sales growth from new customers, it is a fair estimation. As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company’s 30% sales growth guidance through mid-decade.</p><p><blockquote>与2021年规模群体的年化增长率20%类似，到2021年第三季度，新客户销售额的年化增长率为22%，而2020年收购和扩张群体的销售额为2060万美元。虽然这不是新客户销售增长的完美比较，但这是一个公平的估计。因此，Palantir的基本销售增长率似乎倾向于接近20%，而不是该公司到十年中期30%的销售增长指导。</blockquote></p><p><b>Investees</b></p><p><blockquote><b>被投资方</b></blockquote></p><p>It is important to step back and review Palantir’s investments in Investees as this is an extraordinarily unusual go-to-market strategy for customer acquisition. The above numbers, which suggest revenue growth is trending toward 20%, place Palantir’s use of its balance sheet cash to fund new customers in a new light. The following tables were compiled from Palantir’s Q3 2021 10-Q. The first table lists companies that Palantir has funded as of the end of Q3 2021. The second table displays Palantir’s investment commitments to new companies that are not yet funded.</p><p><blockquote>退一步回顾Palantir对被投资方的投资非常重要，因为这是一种非常不寻常的获取客户的上市策略。上述数字表明收入增长趋势为20%，这让Palantir使用资产负债表现金为新客户提供资金的方式有了新的认识。下表摘自Palantir 2021年第三季度10-Q。第一个表格列出了截至2021年第三季度末Palantir资助的公司。第二个表格显示了Palantir对尚未获得资金的新公司的投资承诺。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dda111182479c1fbaddc642369e4bd3\" tg-width=\"640\" tg-height=\"264\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have conducted a cursory review of each of the above companies. The common theme is that they are all early-stage companies in the most popular growth sectors. These sectors include EVs, robotics, flying electric vehicles, satellite services and drug discovery. None of the Investees appears to offer enough appreciation potential in its own right to move the needle materially for Palantir’s valuation. Palantir’s ownership stake ranges from 0.4% to 1.6%.</p><p><blockquote>我对上述每家公司都进行了粗略的回顾。共同的主题是，它们都是最受欢迎的成长板块中的早期公司。这些行业包括电动汽车、机器人、飞行电动汽车、卫星服务和药物发现。似乎没有一家被投资方本身能够提供足够的升值潜力来大幅提高Palantir的估值。Palantir的持股比例为0.4%至1.6%。</blockquote></p><p>It remains unclear how much of each company’s funding can be spent on Palantir’s software. Furthermore, it is not clear if the $19 million of revenue through Q3 2021 from these companies is sustainable.</p><p><blockquote>目前尚不清楚每家公司有多少资金可以用于Palantir的软件。此外，目前尚不清楚这些公司截至2021年第三季度的1900万美元收入是否可持续。</blockquote></p><p>I have highlighted in blue Palantir’s total investment of $150 million in the seven companies. The yellow highlighted cell represents the current valuation of the investments. Palantir is now down approximately $64 million on these seven companies alone. This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated. There are other private company investments not listed above, however, Palantir does not break out the details. They are included in other assets on Palantir’s balance sheet which amounted to $116 million as of Q3 2021.</p><p><blockquote>我在blue中强调了Palantir对这七家公司的总投资为1.5亿美元。黄色突出显示的单元格代表投资的当前估值。Palantir目前仅在这七家公司上就下跌了约6400万美元。这凸显了这种客户获取方法的极端风险，因为迄今为止的资本损失使产生的收入相形见绌。上面没有列出其他私营公司的投资，但是，Palantir没有透露细节。它们包含在Palantir资产负债表上的其他资产中，截至2021年第三季度，该资产总额为1.16亿美元。</blockquote></p><p>The following table displays Palantir’s commitments to invest in new companies as of Q3 2021. I have highlighted in yellow the two companies that Palantir funded subsequent to the end of Q3 2021.</p><p><blockquote>下表显示了Palantir截至2021年第三季度投资新公司的承诺。我用黄色突出显示了Palantir在2021年第三季度末后资助的两家公司。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06664e25242d0bacb6f2a64a7a80228\" tg-width=\"640\" tg-height=\"526\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have highlighted in blue the total funding commitment for new investments as of Q3 2021. This is $252 million on top of the $150 million completed prior to the end of Q3. While I have not looked into these particular companies, they appear similar to the first seven investments reviewed above. Meaning, they appear to carry extreme capital risk with upside potential that is likely to be minimal when compared to the valuation upside inherent in Palantir’s software business. It should be noted that recent valuations were extreme and continue to contract rapidly. As a result, the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.</p><p><blockquote>我用蓝色突出显示了截至2021年第三季度新投资的总资金承诺。这是在第三季度末之前完成的1.5亿美元的基础上完成的2.52亿美元。虽然我没有研究过这些特定的公司，但它们似乎与上面回顾的前七项投资相似。这意味着，与Palantir软件业务固有的估值上涨空间相比，它们似乎具有极大的资本风险，但上涨潜力可能很小。需要注意的是，近期估值极端，继续快速收缩。因此，在VC/IPO周期的顶部进行投资也会增加资本损失的时间风险。</blockquote></p><p><b>Financial Performance</b></p><p><blockquote><b>财务表现</b></blockquote></p><p></p><p>Turning to Palantir’s recent performance, I have chosen to view sales growth excluding the Investees as this is the most likely sustainable growth trajectory. The following table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC. I made an adjustment by removing Investee revenue to arrive at a net revenue figure.</p><p><blockquote>谈到Palantir最近的表现，我选择将销售增长视为不包括被投资方，因为这是最有可能的可持续增长轨迹。下表摘自Palantir向SEC提交的2021年第三季度10-Q报告。我通过去除被投资方的收入进行了调整，以得出净收入数字。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09c2f2aada9cb30c8b720be23d096e2\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have highlighted in yellow the 29% revenue growth in Q3 2021 after removing the Investee revenue. Investees added 6.5% to growth in Q3. Year-to-date, the Investee revenue accounted for 1.7% revenue growth. The 29% growth rate is already decelerating beneath the company’s 30% growth guidance through mid-decade. Keep in mind that the Investee revenue stream will grow with additional funding of Palantir’s investment commitments. Regardless, growth is decelerating rapidly at 29% in Q3 compared to 41% year-to-date excluding these non-arm’s-length sales.</p><p><blockquote>我用黄色突出显示了扣除被投资方收入后2021年第三季度29%的收入增长。被投资公司第三季度增长了6.5%。年初至今，被投资方收入占收入增长1.7%。29%的增长率已经低于该公司到十年中期30%的增长指导。请记住，随着Palantir投资承诺的额外资金，被投资方的收入流将会增长。无论如何，第三季度的增长率迅速放缓至29%，而不包括这些非公平销售，今年迄今的增长率为41%。</blockquote></p><p><b>Geographic &amp; Segment Sales</b></p><p><blockquote><b>地理和细分市场销售</b></blockquote></p><p>The sales slowdown is being led by France, which contracted 22% through the first three quarters of 2021 (highlighted in orange below). It should be noted that Palantir has had a material relationship with Airbus and the airline industry. This could be a negative read through for an important client and industry. While the US remained the best performer in Q3 2021, growth is slowing rapidly as is evidenced by the blue highlighted cells below. The table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC.</p><p><blockquote>销售放缓是由法国主导的，2021年前三个季度收缩了22%（下面用橙色突出显示）。应该指出的是，Palantir与空客和航空业有着重要的关系。对于一个重要的客户和行业来说，这可能是一个负面的解读。虽然美国在2021年第三季度仍然是表现最好的国家，但正如下面蓝色突出显示的单元格所证明的那样，增长正在迅速放缓。该表根据Palantir向SEC提交的2021年第三季度10-Q报告编制。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b19bc17658ff1b951eec789ec95deddd\" tg-width=\"640\" tg-height=\"314\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In addition to France, the rest of the world is also slowing rapidly, from 45% through the first nine months of the year to 20% in Q3 2021. Please note that these are reported sales without any adjustments. The following table was compiled from the same SEC filing and highlights that the large sales slowdown in Q3 occurred in the Government segment. Please keep in mind that the Investee revenue is included in the figures below and added approximately 6.5% to the Q3 growth rate in the Commercial segment.</p><p><blockquote>除法国外，世界其他地区也在迅速放缓，从今年前9个月的45%降至2021年第三季度的20%。请注意，这些是未经任何调整的报告销售额。下表是根据同一份SEC文件编制的，强调第三季度销售大幅放缓发生在政府部门。请记住，被投资方收入包含在下图中，并为商业部门第三季度增长率增加了约6.5%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a553cc3913c2af281262da7b15bdc3c\" tg-width=\"640\" tg-height=\"278\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In summary, the Commercial segment is growing revenue rather steadily, approximately 29% excluding the Investee revenue. However, the Government segment is decelerating rapidly, from 57% through the first nine months of 2021 to 34% in Q3.</p><p><blockquote>总而言之，商业部门的收入增长相当稳定，不包括被投资方收入，增长约29%。然而，政府部门正在迅速减速，从2021年前9个月的57%降至第三季度的34%。</blockquote></p><p><b>Gross Profit &amp; KPI</b></p><p><blockquote><b>毛利及关键绩效指标</b></blockquote></p><p>Palantir’s unusual customer acquisition strategy predates the shift to Investees. The company’s sales and marketing expenses appear to be quite similar to the cost of goods sold for other companies. This is the case because Palantir offers prospective customers free pilot programs as opposed to requiring payment upfront for use of its software. Sales and marketing personnel execute the pilot programs and coordinate solution development in order to generate sales. The following quote from the Q3 2021 10-Q summarizes the situation:</p><p><blockquote>Palantir不同寻常的客户获取策略早于转向被投资方。该公司的销售和营销费用似乎与其他公司的销售成本非常相似。之所以如此，是因为Palantir为潜在客户提供免费的试点计划，而不是要求预先付费才能使用其软件。销售和营销人员执行试点计划并协调解决方案开发，以产生销售。以下引用2021年第三季度10-Q总结了情况：</blockquote></p><p>Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for our sales force and personnel involved in executing on pilots and customer growth activities...As a result, I view the sales and marketing expense in the case of Palantir to be a cost of goods sold and reduction to gross margin. While this categorization does not affect the bottom line, it does serve to place the reported 78% gross margin in context.</p><p><blockquote>销售和营销成本主要包括工资、股票薪酬费用以及我们的销售人员和参与执行试点和客户增长活动的人员的福利...因此，我认为Palantir的销售和营销费用是销售商品的成本和毛利率的降低。虽然这种分类不会影响底线，但它确实有助于将报告的78%毛利率置于背景中。</blockquote></p><p>I believe this perspective on sales and marketing expense is helpful in thinking about Palantir’s business model in relation to other companies and relative valuations that rely on gross profit margins. The following table was compiled from Palantir’s Q3 2021 10-Q and displays the reported cost of revenue and sales and marketing expense adjusted by removing the related stock-based compensation expense from each line item.</p><p><blockquote>我相信这种对销售和营销费用的看法有助于思考Palantir相对于其他公司的商业模式以及依赖毛利率的相对估值。下表根据Palantir 2021年第三季度10-Q编制，显示了通过从每个行项目中删除相关股票薪酬费用进行调整的报告收入成本以及销售和营销费用。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55c5e5fcea6102ca9d0542c130ee1d15\" tg-width=\"640\" tg-height=\"501\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>Notice that the adjusted gross profit growth has slowed considerably to 25% in Q3 (highlighted in blue in the lower portion of the table) compared to 59% through the first nine months of 2021 (highlighted in yellow). The cost of sales is rising rapidly in Q3 2021 compared to the first nine months of the year.</p><p><blockquote>请注意，与2021年前9个月的59%（以黄色突出显示）相比，第三季度调整后的毛利润增长大幅放缓至25%（在表格下部以蓝色突出显示）。与今年前九个月相比，2021年第三季度的销售成本迅速上升。</blockquote></p><p></p><p>Palantir utilizes one KPI or Key Performance Indicator to judge performance and inform decision-making, which is referred to as Contribution Margin. It is similar to my adjusted gross margin figure above as can be seen in the following table compiled from Palantir’s Q3 2021 10-Q.</p><p><blockquote>Palantir利用一个KPI或关键绩效指标来判断绩效并为决策提供信息，称为贡献率。它与我上面调整后的毛利率数据类似，如下表所示，该表是根据Palantir 2021年第三季度10-Q编制的。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cc4e966e16c27ea17f99ccb08a18957\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>Notice that the contribution row is remarkably similar to my adjusted gross profit row in the previous table. Additionally, the growth rate deceleration is similar, as can be seen in the highlighted cells. While 37% is materially different from my estimate of 25% growth, the step change lower from 64% is of similar amplitude.</p><p><blockquote>请注意，贡献行与上表中调整后的毛利润行非常相似。此外，生长速率减速是相似的，如在突出显示的细胞中可以看到的。虽然37%与我估计的25%增长有很大不同，但低于64%的阶跃变化幅度相似。</blockquote></p><p><b>Operating Income</b></p><p><blockquote><b>营业收入</b></blockquote></p><p>Turning to operating income, I have adjusted the reported figures once again by removing stock option-related expenses as well as one-off expenses pertaining to the direct listing IPO in 2020. The overriding message is once again one of rapid deceleration. The following table was compiled from the same SEC filing and displays operating expenses excluding sales and marketing expenses, as well as my adjusted operating income estimate.</p><p><blockquote>谈到营业收入，我再次调整了报告的数据，剔除了股票期权相关费用以及与2020年直接上市IPO相关的一次性费用。最重要的信息再次是快速减速。下表是根据同一份SEC文件编制的，显示了不包括销售和营销费用的运营费用，以及我调整后的运营收入估计。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5f344c289a598ec7824067b39c04f09\" tg-width=\"640\" tg-height=\"479\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In the lower section of the table, notice the incredible deceleration in adjusted operating income to 40% growth in Q3 of 2021 compared to 266% growth through the first nine months of the year. General and administrative expenses accelerated rapidly in Q3 2021, while Palantir materially reduced research and development investment to just 5% growth in Q3.</p><p><blockquote>在表格的下半部分，请注意2021年第三季度调整后营业收入令人难以置信地减速至40%的增长，而今年前9个月的增长为266%。一般和管理费用在2021年第三季度迅速增加，而Palantir在第三季度大幅减少了研发投资，仅增长了5%。</blockquote></p><p>The research and development investment slowdown could be a negative read through for sales growth as R&amp;D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale. As customer needs are identified by sales and marketing, research and development expenses should respond to increased future sales potential. This does not appear to be happening at the moment.</p><p><blockquote>研发投资放缓可能会对销售增长产生负面影响，因为研发是销售过程中不可或缺的一部分。研发费用应该通过三个客户阶段来跟踪销售周期：获取、扩展和规模化。随着销售和营销部门确定客户需求，研发费用应响应未来销售潜力的增加。目前这似乎没有发生。</blockquote></p><p>As of Q3 2021, Palantir is annualizing at an adjusted operating income run rate of approximately $300 to $320 million, or about $.16 per share. This is a before-tax operating income figure. The primary takeaway from the operating income front is that profitability is slowing rapidly. This provides additional color for the unusual Investee customer acquisition strategy being deployed.</p><p><blockquote>截至2021年第三季度，Palantir调整后的年化营业收入运行率约为300至3.2亿美元，即每股约0.16美元。这是税前营业收入数字。营业收入方面的主要结论是盈利能力正在迅速放缓。这为正在部署的不同寻常的被投资方客户获取策略提供了额外的色彩。</blockquote></p><p><b>Consensus Growth Estimates</b></p><p><blockquote><b>共识增长估计</b></blockquote></p><p>If Palantir is producing at a $320 million adjusted annual operating income run rate and it was taxed at a normalized 25% rate, the current earnings power would be in the $240 million range or $.12 per diluted share. With this information and the growth deceleration outlined above, we can begin to put consensus earnings estimates into context. The following table was compiled from Seeking Alpha and displays consensus earnings and revenue estimates through 2023.</p><p><blockquote>如果Palantir的调整后年营业收入运行率为3.2亿美元，并且按25%的正常化税率征税，则当前的盈利能力将在2.4亿美元范围内，即稀释后每股0.12美元。有了这些信息和上面概述的增长减速，我们可以开始将普遍的盈利预测置于背景中。下表根据Seeking Alpha编制，显示了到2023年的普遍盈利和收入预测。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/022fd2d18964776a3e20294c7917548f\" tg-width=\"640\" tg-height=\"241\" width=\"100%\" height=\"auto\"/><span>Source: Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法。创建者：Brian Kapp，stoxdox</span></p></blockquote></p><p>I have highlighted the 2022 consensus estimates for earnings and sales growth. Notice that the 39% consensus earnings growth estimate for 2022 is in line with the 40% operating income growth posted in Q3 of 2021. Additionally, the sales growth estimate of 30% is just above the 29% adjusted sales growth in Q3 2021 excluding sales to Investees.</p><p><blockquote>我强调了对2022年盈利和销售增长的普遍预期。请注意，2022年39%的普遍盈利增长预期与2021年第三季度40%的营业收入增长一致。此外，30%的销售增长预期略高于2021年第三季度29%的调整后销售增长（不包括对被投资方的销售）。</blockquote></p><p>The 39% earnings growth expected for 2022 appears to be at material risk of being too high given the rapid slowdown in operating income to 40% in Q3 2021 compared to 266% through the first nine months of the year. This trajectory would likely place earnings growth for 2022 well below 39%.</p><p><blockquote>鉴于2021年第三季度营业收入迅速放缓至40%，而今年前9个月的营业收入为266%，预计2022年39%的盈利增长似乎面临过高的重大风险。这一轨迹可能会使2022年的盈利增长率远低于39%。</blockquote></p><p>The 30% sales growth estimate for 2022 looks to be achievable given Palantir’s aggressive investment strategy in regard to Investees who then purchase Palantir software. I believe the market will tend to discount Investee sales as I have. Excluding these sales, the revenue growth trajectory appears to be trending closer to 20% than 30% for 2022, which opens the door to further growth disappointment.</p><p><blockquote>鉴于Palantir对随后购买Palantir软件的被投资方采取了积极的投资策略，2022年30%的销售额增长预期似乎是可以实现的。我相信市场会像我一样对被投资方的销售打折。排除这些销售，2022年收入增长轨迹似乎接近20%，而不是30%，这为进一步的增长失望打开了大门。</blockquote></p><p>Looking to consensus estimates for 2023, the expected growth rates are remarkably similar to 2022. This straight-line growth forecast through 2023 adds to the risk that consensus estimates could be too high over the coming years. The current trajectory points to growth materially below that expected for 2022 and 2023.</p><p><blockquote>从2023年的共识预测来看，预期增长率与2022年非常相似。这种到2023年的直线增长预测增加了未来几年共识估计可能过高的风险。目前的轨迹表明，2022年和2023年的增长将大幅低于预期。</blockquote></p><p><b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p></p><p>Palantir is trading at 87x the consensus earnings estimate for 2021 and 62x that for 2022. Please keep in mind that these are non-GAAP (generally accepted accounting principles) earnings estimates. On a GAAP basis, Palantir continues to produce at a loss. The reported loss in Q3 2021 was $92 million and was $352 million through the first nine months of 2021.</p><p><blockquote>Palantir的交易价格是2021年普遍盈利预期的87倍，是2022年普遍盈利预期的62倍。请记住，这些是非GAAP（公认会计原则）盈利预测。根据公认会计准则，Palantir继续亏损生产。报告的2021年第三季度亏损为9200万美元，2021年前9个月亏损为3.52亿美元。</blockquote></p><p>Using the non-GAAP earnings estimates, 87x current year earnings and 62x forward earnings are extreme valuations from a historical market perspective. That said, they are within the realm of possibility for a growth stock in recent years. When viewed against Palantir’s rapidly slowing sales and operating income growth rates, as well as the heightened risk that consensus estimates may be too high, the current valuation multiples on consensus estimates offer little margin for error.</p><p><blockquote>使用非公认会计准则盈利预测，从历史市场角度来看，87倍的本年度盈利和62倍的预期盈利是极端估值。也就是说，它们是近年来成长型股票的可能性范围内的。考虑到Palantir迅速放缓的销售和营业收入增长率，以及共识估计可能过高的风险增加，目前共识估计的估值倍数几乎没有出错的余地。</blockquote></p><p>On the sales front, Palantir is valued at 17x the consensus 2021 revenue estimate and 13x that for 2022. These are extreme price-to-sales multiples for a large-cap company from a historical perspective. My estimate of core sales growth trending toward 20% excluding Investee revenue suggests that these valuation multiples on sales also offer little margin for error.</p><p><blockquote>在销售方面，Palantir的估值是2021年普遍收入预期的17倍，是2022年的13倍。从历史角度来看，对于大盘股公司来说，这些是极端的市销率倍数。我对核心销售增长趋势为20%（不包括被投资方收入）的估计表明，这些销售估值倍数也几乎没有误差。</blockquote></p><p>The valuation risks are further elevated when combined with the rapidly slowing operating income growth. Furthermore, as can be seen in my adjusted gross margin figure growing at 25% as of Q3 2021, the Palantir business model may not be supportive of a historically extreme price-to-sales valuation.</p><p><blockquote>再加上营业收入增长迅速放缓，估值风险进一步上升。此外，从我截至2021年第三季度调整后的毛利率增长25%可以看出，Palantir的商业模式可能不支持历史上极端的市销率估值。</blockquote></p><p><b>Technicals</b></p><p><blockquote><b>技术</b></blockquote></p><p>While the fundamental backdrop points toward little margin for error and subdued excess return potential, the technical setup suggests more meaningful upside return potential. The following 3-year weekly chart offers a bird’s eye view of the potential technical return spectrum. I have highlighted the key resistance levels with orange horizontal lines and the primary support level with a green line.</p><p><blockquote>虽然基本面背景表明误差幅度很小，超额回报潜力减弱，但技术设置表明更有意义的上行回报潜力。下面的3年周线图提供了潜在技术回报谱的鸟瞰图。我用橙色水平线突出显示了关键阻力位，用绿线突出了主要支撑位。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9aaa4f2a36fa507e420c9353d0cd91c\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 3-year weekly chart. (Created by Brian Kapp using a chart from Barchart.com)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Palantir 3年周线图。（由Brian Kapp使用Barchart.com的图表创建）</span></p></blockquote></p><p>The return potential to the nearest resistance levels of $19 and $22 is 43% and 65%, respectively. On the downside, the nearest support lies at the IPO price range near $10. The downside return potential to this level is -25%. It should be noted that Palantir’s short trading history of 16 months limits the usefulness of technical analysis. Additionally, with no trading history beneath the IPO price, it is unclear where support will be found if the $10 level is breached to the downside.</p><p><blockquote>最近阻力位19美元和22美元的回报潜力分别为43%和65%。下行方面，最近的支撑位于10美元附近的IPO价格区间。该水平的下行回报潜力为-25%。需要注意的是，Palantir 16个月的短暂交易历史限制了技术分析的有用性。此外，由于没有低于IPO价格的交易历史，尚不清楚如果向下突破10美元水平，将在哪里找到支撑。</blockquote></p><p>To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate. This valuation is twice that of the current market averages and would place Palantir shares at $8. This represents -40% downside risk from current levels.</p><p><blockquote>为了估计低于10美元的下行潜力，我采用了2022年非GAAP共识盈利预测的40倍市盈率。这一估值是当前市场平均水平的两倍，Palantir股价将达到8美元。这意味着较当前水平的下行风险为-40%。</blockquote></p><p>If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility. To estimate the downside risk potential if estimates are too high, I apply the same 40x non-GAAP earnings to my estimate of Palantir’s current annual run rate for fully-taxed, non-GAAP profitability. If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021) on top of my estimate of $.12 for the current annual run rate of adjusted earnings after tax, the shares could trade down to $6. This would represent downside risk of -55%.</p><p><blockquote>如果2022年39%的普遍盈利预期过高，则有可能从8美元进一步下跌。如果估计过高，为了估计潜在的下行风险，我将相同的40倍非GAAP收益应用于Palantir当前完全纳税、非GAAP盈利能力的年运行率估计。如果2022年盈利增长率为25%（我对截至2021年第三季度调整后毛利润增长率的估计），而我对当前调整后税后盈利年增长率的估计为0.12美元，那么该股的交易价格可能会跌至6美元。这意味着下行风险为-55%。</blockquote></p><p>The following daily chart provides a closer look at the technical backdrop.</p><p><blockquote>下面的日线图详细介绍了技术背景。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fa32fdab79f60368696ab122ff81b60a\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>The technical picture suggests heavy resistance between $19 and $22. Given the unrelenting downtrend over the past three months, a near-term bounce is likely. That said, the upside technical potential combined with the downside fundamental potential leaves the shares with a balanced potential return spectrum of 65% to -55% over the near term.</p><p><blockquote>技术面显示19美元至22美元之间存在较大阻力。鉴于过去三个月的持续下跌趋势，近期可能会出现反弹。也就是说，上行的技术潜力与下行的基本面潜力相结合，使该股在短期内具有65%至-55%的平衡潜在回报范围。</blockquote></p><p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p>All told, Palantir should be placed on the watchlist for high-risk growth investors. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, with notable red flags in the mix, caution is in order. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error. The resulting symmetry between risk and reward results in a neutral rating.</p><p><blockquote>总而言之，Palantir应该被列入高风险成长型投资者的观察名单。长期的机会在于成为能够集成结构化和非结构化数据以实现实时智能的基础企业操作系统。然而，由于出现了明显的危险信号，因此需要谨慎。主要的危险信号包括销售放缓、不寻常的上市转变、盈利能力迅速下降以及估值上升（误差幅度有限）。由此产生的风险和回报之间的对称性导致中性评级。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Red Flag Or Opportunity?<blockquote>Palantir：危险信号还是机遇？</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\">\nPalantir: Red Flag Or Opportunity?<blockquote>Palantir：危险信号还是机遇？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2022-02-05 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Palantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.</li><li>Revenue growth in Palantir’s core client cohort slowed to 20% annualized through the first three quarters of 2021 compared to 2020.</li><li>During 2021, Palantir fundamentally transformed its go-to-market strategy. The company is now using its cash to aggressively invest in other companies (Investees) who agree to purchase Palantir’s software.</li><li>Management continues to guide for 30% sales growth through mid-decade. However, Palantir’s 3-phase business model hints at sales trending lower excluding its Investee sales.</li><li>Palantir offers extraordinary long-term growth potential which should place it on the watchlist of all growth investors. The investment case rests on the fulcrum between opportunity and red flags.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd7a77abaec0ea0aa58eebb9ce4b9606\" tg-width=\"1536\" tg-height=\"1187\" width=\"100%\" height=\"auto\"/><span>agawa288/iStock via Getty Images</span></p><p><blockquote><ul><li>截至2021年第三季度，Palantir总共只有203名客户，而其中只有20名客户占总收入的58%。</li><li>与2020年相比，2021年前三季度Palantir核心客户群的年化收入增长放缓至20%。</li><li>2021年，Palantir从根本上改变了其上市战略。该公司目前正在利用其现金积极投资同意购买Palantir软件的其他公司（被投资方）。</li><li>管理层继续指导到十年中期销售额增长30%。然而，Palantir的三阶段业务模式暗示，不包括其被投资方的销售额，销售额呈下降趋势。</li><li>Palantir提供了非凡的长期增长潜力，这应该使其成为所有成长型投资者的观察名单。投资案例建立在机会和危险信号之间的支点上。</li></ul><p class=\"t-img-caption\"><span>agawa288/iStock来自Getty Images</span></p></blockquote></p><p>I am assigning Palantir (NYSE:PLTR) a neutral risk/reward rating as the long-term growth opportunity is counterbalanced by near-term red flags. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, a number of notable red flags warrant caution. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error.</p><p><blockquote>我给予Palantir（纽约证券交易所股票代码：PLTR）中性风险/回报评级，因为长期增长机会被近期危险信号所抵消。长期的机会在于成为能够集成结构化和非结构化数据以实现实时智能的基础企业操作系统。然而，一些值得注意的危险信号值得谨慎。主要的危险信号包括销售放缓、不寻常的上市转变、盈利能力迅速下降以及估值上升（误差幅度有限）。</blockquote></p><p><b>Risk/Reward Rating: Neutral</b></p><p><blockquote><b>风险/回报评级：中性</b></blockquote></p><p>Palantir has an unusual business model compared to its peers in the enterprise software sector in regard to how it acquires and grows its customer base. The company categorizes its customers according to three phases of development or cohorts: (1) Acquire, (2) Expand, and (3) Scale. While they are generic terms that are applicable to all businesses, they are unique in the case of Palantir due to how the company approaches its customers.</p><p><blockquote>与企业软件领域的同行相比，Palantir在获取和扩大客户群方面拥有不同寻常的商业模式。该公司根据三个发展阶段或群体对其客户进行分类：（1）收购、（2）扩张和（3）规模。虽然它们是适用于所有企业的通用术语，但由于该公司对待客户的方式，它们在Palantir的情况下是独一无二的。</blockquote></p><p><b>Customer Detail</b></p><p><blockquote><b>客户详细信息</b></blockquote></p><p>Palantir defines a customer in the Acquire cohort as one that has generated less than $100,000 of revenue as of year-end while being unprofitable to Palantir. The Expand cohort is characterized by a customer that generated more than $100,000 of sales yet remained unprofitable. Finally, the Scale cohort is defined as a customer that has generated more than $100,000 of revenue while being a profitable relationship for Palantir during the year.</p><p><blockquote>Palantir将收购群体中的客户定义为截至年底收入低于100,000美元且对Palantir无利可图的客户。扩展群组的特点是一个销售额超过100,000美元但仍未盈利的客户。最后，规模群体被定义为在这一年中为Palantir创造了超过100,000美元收入且具有盈利关系的客户。</blockquote></p><p>The following tables were compiled from Palantir’s Q3 2021 10-Q filed with the SEC. The first table displays Palantir’s 2020 sales from each of the client cohorts which were categorized at the end of 2020 (2020 Revenue). In the 2021 Annualized column, you will find the sales of each of these 2020 customer cohorts through Q3 2021 annualized. In the second set of tables, I have compiled key details regarding Palantir’s largest customers over the past twelve months, as well as critical details pertaining to customers that are new to Palantir in 2021 which are not yet assigned to a cohort. Cohort categorization occurs at the end of each year.</p><p><blockquote>下表摘自Palantir向SEC提交的2021年第三季度10-Q报告。第一个表显示了Palantir在2020年底分类的每个客户群体的2020年销售额（2020年收入）。在2021年年化栏中，您会发现这些2020年客户群到2021年第三季度的年化销售额。在第二组表格中，我汇编了过去12个月Palantir最大客户的关键详细信息，以及与2021年Palantir新客户相关的关键详细信息，这些客户尚未分配到某个群组。队列分类在每年年底进行。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e38ee31a1d6e826d2d02216e39ac570\" tg-width=\"640\" tg-height=\"151\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4dc61112528e104ef0d3a8dc80f89d1\" tg-width=\"581\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>For ease of comparison, I have color-coded the information that is related. One of the dominant realities for Palantir is its concentrated customer base, which is highlighted in blue. Palantir has only 203 customers, with the top 20 accounting for 58% of sales.</p><p><blockquote>为了便于比较，我对相关信息进行了颜色编码。Palantir的主要现实之一是其集中的客户群，以蓝色突出显示。Palantir只有203个客户，前20名占销售额的58%。</blockquote></p><p>By definition, Palantir’s largest customers are in the Scale cohort. Through the first three quarters of 2021, the Scale cohort (categorized as such at the end of 2020) is growing at an annualized rate of 20%. Given that this group accounts for 86% of Palantir’s revenue, it will be challenging to move the sales growth needle materially above 20% without explosive growth from the other two cohorts or a material acceleration from the Scale cohort. It should be noted that management is guiding to 30% annual sales growth through mid-decade.</p><p><blockquote>根据定义，Palantir最大的客户属于规模群体。到2021年前三季度，规模队列（2020年底分类）以20%的年化速度增长。鉴于该群体占Palantir收入的86%，如果没有其他两个群体的爆炸性增长或规模群体的实质性加速，将销售增长率大幅提高到20%以上将具有挑战性。应该指出的是，管理层指导到十年中期年销售额增长30%。</blockquote></p><p></p><p>The 2020 year-end Acquire and Expand cohorts are highlighted in yellow in the upper table. New customers in 2021 will not be assigned to a cohort until the year-end Palantir report. I have highlighted the pertinent 2021 new customer data in yellow for easy comparison to the 2020 Acquire and Expand customer cohorts. I view the 2021 new customer sales performance excluding sales to Investees to be a sustainable core growth rate. The Investee customer acquisition strategy is extraordinarily unusual and carries an exceedingly high capital risk which introduces reputational and, therefore, brand risk.</p><p><blockquote>上表中以黄色突出显示了2020年底收购和扩展队列。在年终Palantir报告发布之前，2021年的新客户不会被分配到一个队列中。我用黄色突出显示了相关的2021年新客户数据，以便于与2020年获取和扩展客户群体进行比较。我认为2021年新客户销售业绩（不包括对被投资方的销售）是可持续的核心增长率。被投资方的客户获取策略非常不寻常，具有极高的资本风险，从而引入声誉风险，从而引入品牌风险。</blockquote></p><p>Please note that Investee here refers to customers that Palantir has purchased the stock of in return for the Investee using Palantir’s software. Meaning, the revenue from Investees is a reciprocation of Palantir investing in the shares of these customers. In this respect, these are not arm’s-length transactions. I believe the new client numbers excluding sales to Investees is an important data point for ascertaining a purely market-based new customer growth rate.</p><p><blockquote>请注意，这里的被投资方是指Palantir使用Palantir的软件购买其股票以换取被投资方的客户。这意味着，来自被投资方的收入是Palantir投资这些客户股票的回报。在这方面，这些不是公平交易。我认为，不包括对被投资方的销售的新客户数量是确定纯粹基于市场的新客户增长率的重要数据点。</blockquote></p><p>Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021 compared to the $20.6 million of sales from the Acquire and Expand cohorts of 2020. While this is not a perfect comparison for sales growth from new customers, it is a fair estimation. As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company’s 30% sales growth guidance through mid-decade.</p><p><blockquote>与2021年规模群体的年化增长率20%类似，到2021年第三季度，新客户销售额的年化增长率为22%，而2020年收购和扩张群体的销售额为2060万美元。虽然这不是新客户销售增长的完美比较，但这是一个公平的估计。因此，Palantir的基本销售增长率似乎倾向于接近20%，而不是该公司到十年中期30%的销售增长指导。</blockquote></p><p><b>Investees</b></p><p><blockquote><b>被投资方</b></blockquote></p><p>It is important to step back and review Palantir’s investments in Investees as this is an extraordinarily unusual go-to-market strategy for customer acquisition. The above numbers, which suggest revenue growth is trending toward 20%, place Palantir’s use of its balance sheet cash to fund new customers in a new light. The following tables were compiled from Palantir’s Q3 2021 10-Q. The first table lists companies that Palantir has funded as of the end of Q3 2021. The second table displays Palantir’s investment commitments to new companies that are not yet funded.</p><p><blockquote>退一步回顾Palantir对被投资方的投资非常重要，因为这是一种非常不寻常的获取客户的上市策略。上述数字表明收入增长趋势为20%，这让Palantir使用资产负债表现金为新客户提供资金的方式有了新的认识。下表摘自Palantir 2021年第三季度10-Q。第一个表格列出了截至2021年第三季度末Palantir资助的公司。第二个表格显示了Palantir对尚未获得资金的新公司的投资承诺。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dda111182479c1fbaddc642369e4bd3\" tg-width=\"640\" tg-height=\"264\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have conducted a cursory review of each of the above companies. The common theme is that they are all early-stage companies in the most popular growth sectors. These sectors include EVs, robotics, flying electric vehicles, satellite services and drug discovery. None of the Investees appears to offer enough appreciation potential in its own right to move the needle materially for Palantir’s valuation. Palantir’s ownership stake ranges from 0.4% to 1.6%.</p><p><blockquote>我对上述每家公司都进行了粗略的回顾。共同的主题是，它们都是最受欢迎的成长板块中的早期公司。这些行业包括电动汽车、机器人、飞行电动汽车、卫星服务和药物发现。似乎没有一家被投资方本身能够提供足够的升值潜力来大幅提高Palantir的估值。Palantir的持股比例为0.4%至1.6%。</blockquote></p><p>It remains unclear how much of each company’s funding can be spent on Palantir’s software. Furthermore, it is not clear if the $19 million of revenue through Q3 2021 from these companies is sustainable.</p><p><blockquote>目前尚不清楚每家公司有多少资金可以用于Palantir的软件。此外，目前尚不清楚这些公司截至2021年第三季度的1900万美元收入是否可持续。</blockquote></p><p>I have highlighted in blue Palantir’s total investment of $150 million in the seven companies. The yellow highlighted cell represents the current valuation of the investments. Palantir is now down approximately $64 million on these seven companies alone. This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated. There are other private company investments not listed above, however, Palantir does not break out the details. They are included in other assets on Palantir’s balance sheet which amounted to $116 million as of Q3 2021.</p><p><blockquote>我在blue中强调了Palantir对这七家公司的总投资为1.5亿美元。黄色突出显示的单元格代表投资的当前估值。Palantir目前仅在这七家公司上就下跌了约6400万美元。这凸显了这种客户获取方法的极端风险，因为迄今为止的资本损失使产生的收入相形见绌。上面没有列出其他私营公司的投资，但是，Palantir没有透露细节。它们包含在Palantir资产负债表上的其他资产中，截至2021年第三季度，该资产总额为1.16亿美元。</blockquote></p><p>The following table displays Palantir’s commitments to invest in new companies as of Q3 2021. I have highlighted in yellow the two companies that Palantir funded subsequent to the end of Q3 2021.</p><p><blockquote>下表显示了Palantir截至2021年第三季度投资新公司的承诺。我用黄色突出显示了Palantir在2021年第三季度末后资助的两家公司。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06664e25242d0bacb6f2a64a7a80228\" tg-width=\"640\" tg-height=\"526\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have highlighted in blue the total funding commitment for new investments as of Q3 2021. This is $252 million on top of the $150 million completed prior to the end of Q3. While I have not looked into these particular companies, they appear similar to the first seven investments reviewed above. Meaning, they appear to carry extreme capital risk with upside potential that is likely to be minimal when compared to the valuation upside inherent in Palantir’s software business. It should be noted that recent valuations were extreme and continue to contract rapidly. As a result, the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.</p><p><blockquote>我用蓝色突出显示了截至2021年第三季度新投资的总资金承诺。这是在第三季度末之前完成的1.5亿美元的基础上完成的2.52亿美元。虽然我没有研究过这些特定的公司，但它们似乎与上面回顾的前七项投资相似。这意味着，与Palantir软件业务固有的估值上涨空间相比，它们似乎具有极大的资本风险，但上涨潜力可能很小。需要注意的是，近期估值极端，继续快速收缩。因此，在VC/IPO周期的顶部进行投资也会增加资本损失的时间风险。</blockquote></p><p><b>Financial Performance</b></p><p><blockquote><b>财务表现</b></blockquote></p><p></p><p>Turning to Palantir’s recent performance, I have chosen to view sales growth excluding the Investees as this is the most likely sustainable growth trajectory. The following table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC. I made an adjustment by removing Investee revenue to arrive at a net revenue figure.</p><p><blockquote>谈到Palantir最近的表现，我选择将销售增长视为不包括被投资方，因为这是最有可能的可持续增长轨迹。下表摘自Palantir向SEC提交的2021年第三季度10-Q报告。我通过去除被投资方的收入进行了调整，以得出净收入数字。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09c2f2aada9cb30c8b720be23d096e2\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>I have highlighted in yellow the 29% revenue growth in Q3 2021 after removing the Investee revenue. Investees added 6.5% to growth in Q3. Year-to-date, the Investee revenue accounted for 1.7% revenue growth. The 29% growth rate is already decelerating beneath the company’s 30% growth guidance through mid-decade. Keep in mind that the Investee revenue stream will grow with additional funding of Palantir’s investment commitments. Regardless, growth is decelerating rapidly at 29% in Q3 compared to 41% year-to-date excluding these non-arm’s-length sales.</p><p><blockquote>我用黄色突出显示了扣除被投资方收入后2021年第三季度29%的收入增长。被投资公司第三季度增长了6.5%。年初至今，被投资方收入占收入增长1.7%。29%的增长率已经低于该公司到十年中期30%的增长指导。请记住，随着Palantir投资承诺的额外资金，被投资方的收入流将会增长。无论如何，第三季度的增长率迅速放缓至29%，而不包括这些非公平销售，今年迄今的增长率为41%。</blockquote></p><p><b>Geographic &amp; Segment Sales</b></p><p><blockquote><b>地理和细分市场销售</b></blockquote></p><p>The sales slowdown is being led by France, which contracted 22% through the first three quarters of 2021 (highlighted in orange below). It should be noted that Palantir has had a material relationship with Airbus and the airline industry. This could be a negative read through for an important client and industry. While the US remained the best performer in Q3 2021, growth is slowing rapidly as is evidenced by the blue highlighted cells below. The table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC.</p><p><blockquote>销售放缓是由法国主导的，2021年前三个季度收缩了22%（下面用橙色突出显示）。应该指出的是，Palantir与空客和航空业有着重要的关系。对于一个重要的客户和行业来说，这可能是一个负面的解读。虽然美国在2021年第三季度仍然是表现最好的国家，但正如下面蓝色突出显示的单元格所证明的那样，增长正在迅速放缓。该表根据Palantir向SEC提交的2021年第三季度10-Q报告编制。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b19bc17658ff1b951eec789ec95deddd\" tg-width=\"640\" tg-height=\"314\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In addition to France, the rest of the world is also slowing rapidly, from 45% through the first nine months of the year to 20% in Q3 2021. Please note that these are reported sales without any adjustments. The following table was compiled from the same SEC filing and highlights that the large sales slowdown in Q3 occurred in the Government segment. Please keep in mind that the Investee revenue is included in the figures below and added approximately 6.5% to the Q3 growth rate in the Commercial segment.</p><p><blockquote>除法国外，世界其他地区也在迅速放缓，从今年前9个月的45%降至2021年第三季度的20%。请注意，这些是未经任何调整的报告销售额。下表是根据同一份SEC文件编制的，强调第三季度销售大幅放缓发生在政府部门。请记住，被投资方收入包含在下图中，并为商业部门第三季度增长率增加了约6.5%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a553cc3913c2af281262da7b15bdc3c\" tg-width=\"640\" tg-height=\"278\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In summary, the Commercial segment is growing revenue rather steadily, approximately 29% excluding the Investee revenue. However, the Government segment is decelerating rapidly, from 57% through the first nine months of 2021 to 34% in Q3.</p><p><blockquote>总而言之，商业部门的收入增长相当稳定，不包括被投资方收入，增长约29%。然而，政府部门正在迅速减速，从2021年前9个月的57%降至第三季度的34%。</blockquote></p><p><b>Gross Profit &amp; KPI</b></p><p><blockquote><b>毛利及关键绩效指标</b></blockquote></p><p>Palantir’s unusual customer acquisition strategy predates the shift to Investees. The company’s sales and marketing expenses appear to be quite similar to the cost of goods sold for other companies. This is the case because Palantir offers prospective customers free pilot programs as opposed to requiring payment upfront for use of its software. Sales and marketing personnel execute the pilot programs and coordinate solution development in order to generate sales. The following quote from the Q3 2021 10-Q summarizes the situation:</p><p><blockquote>Palantir不同寻常的客户获取策略早于转向被投资方。该公司的销售和营销费用似乎与其他公司的销售成本非常相似。之所以如此，是因为Palantir为潜在客户提供免费的试点计划，而不是要求预先付费才能使用其软件。销售和营销人员执行试点计划并协调解决方案开发，以产生销售。以下引用2021年第三季度10-Q总结了情况：</blockquote></p><p>Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for our sales force and personnel involved in executing on pilots and customer growth activities...As a result, I view the sales and marketing expense in the case of Palantir to be a cost of goods sold and reduction to gross margin. While this categorization does not affect the bottom line, it does serve to place the reported 78% gross margin in context.</p><p><blockquote>销售和营销成本主要包括工资、股票薪酬费用以及我们的销售人员和参与执行试点和客户增长活动的人员的福利...因此，我认为Palantir的销售和营销费用是销售商品的成本和毛利率的降低。虽然这种分类不会影响底线，但它确实有助于将报告的78%毛利率置于背景中。</blockquote></p><p>I believe this perspective on sales and marketing expense is helpful in thinking about Palantir’s business model in relation to other companies and relative valuations that rely on gross profit margins. The following table was compiled from Palantir’s Q3 2021 10-Q and displays the reported cost of revenue and sales and marketing expense adjusted by removing the related stock-based compensation expense from each line item.</p><p><blockquote>我相信这种对销售和营销费用的看法有助于思考Palantir相对于其他公司的商业模式以及依赖毛利率的相对估值。下表根据Palantir 2021年第三季度10-Q编制，显示了通过从每个行项目中删除相关股票薪酬费用进行调整的报告收入成本以及销售和营销费用。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55c5e5fcea6102ca9d0542c130ee1d15\" tg-width=\"640\" tg-height=\"501\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>Notice that the adjusted gross profit growth has slowed considerably to 25% in Q3 (highlighted in blue in the lower portion of the table) compared to 59% through the first nine months of 2021 (highlighted in yellow). The cost of sales is rising rapidly in Q3 2021 compared to the first nine months of the year.</p><p><blockquote>请注意，与2021年前9个月的59%（以黄色突出显示）相比，第三季度调整后的毛利润增长大幅放缓至25%（在表格下部以蓝色突出显示）。与今年前九个月相比，2021年第三季度的销售成本迅速上升。</blockquote></p><p></p><p>Palantir utilizes one KPI or Key Performance Indicator to judge performance and inform decision-making, which is referred to as Contribution Margin. It is similar to my adjusted gross margin figure above as can be seen in the following table compiled from Palantir’s Q3 2021 10-Q.</p><p><blockquote>Palantir利用一个KPI或关键绩效指标来判断绩效并为决策提供信息，称为贡献率。它与我上面调整后的毛利率数据类似，如下表所示，该表是根据Palantir 2021年第三季度10-Q编制的。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cc4e966e16c27ea17f99ccb08a18957\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>Notice that the contribution row is remarkably similar to my adjusted gross profit row in the previous table. Additionally, the growth rate deceleration is similar, as can be seen in the highlighted cells. While 37% is materially different from my estimate of 25% growth, the step change lower from 64% is of similar amplitude.</p><p><blockquote>请注意，贡献行与上表中调整后的毛利润行非常相似。此外，生长速率减速是相似的，如在突出显示的细胞中可以看到的。虽然37%与我估计的25%增长有很大不同，但低于64%的阶跃变化幅度相似。</blockquote></p><p><b>Operating Income</b></p><p><blockquote><b>营业收入</b></blockquote></p><p>Turning to operating income, I have adjusted the reported figures once again by removing stock option-related expenses as well as one-off expenses pertaining to the direct listing IPO in 2020. The overriding message is once again one of rapid deceleration. The following table was compiled from the same SEC filing and displays operating expenses excluding sales and marketing expenses, as well as my adjusted operating income estimate.</p><p><blockquote>谈到营业收入，我再次调整了报告的数据，剔除了股票期权相关费用以及与2020年直接上市IPO相关的一次性费用。最重要的信息再次是快速减速。下表是根据同一份SEC文件编制的，显示了不包括销售和营销费用的运营费用，以及我调整后的运营收入估计。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5f344c289a598ec7824067b39c04f09\" tg-width=\"640\" tg-height=\"479\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：stoxdox的Brian Kapp创建</span></p></blockquote></p><p>In the lower section of the table, notice the incredible deceleration in adjusted operating income to 40% growth in Q3 of 2021 compared to 266% growth through the first nine months of the year. General and administrative expenses accelerated rapidly in Q3 2021, while Palantir materially reduced research and development investment to just 5% growth in Q3.</p><p><blockquote>在表格的下半部分，请注意2021年第三季度调整后营业收入令人难以置信地减速至40%的增长，而今年前9个月的增长为266%。一般和管理费用在2021年第三季度迅速增加，而Palantir在第三季度大幅减少了研发投资，仅增长了5%。</blockquote></p><p>The research and development investment slowdown could be a negative read through for sales growth as R&amp;D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale. As customer needs are identified by sales and marketing, research and development expenses should respond to increased future sales potential. This does not appear to be happening at the moment.</p><p><blockquote>研发投资放缓可能会对销售增长产生负面影响，因为研发是销售过程中不可或缺的一部分。研发费用应该通过三个客户阶段来跟踪销售周期：获取、扩展和规模化。随着销售和营销部门确定客户需求，研发费用应响应未来销售潜力的增加。目前这似乎没有发生。</blockquote></p><p>As of Q3 2021, Palantir is annualizing at an adjusted operating income run rate of approximately $300 to $320 million, or about $.16 per share. This is a before-tax operating income figure. The primary takeaway from the operating income front is that profitability is slowing rapidly. This provides additional color for the unusual Investee customer acquisition strategy being deployed.</p><p><blockquote>截至2021年第三季度，Palantir调整后的年化营业收入运行率约为300至3.2亿美元，即每股约0.16美元。这是税前营业收入数字。营业收入方面的主要结论是盈利能力正在迅速放缓。这为正在部署的不同寻常的被投资方客户获取策略提供了额外的色彩。</blockquote></p><p><b>Consensus Growth Estimates</b></p><p><blockquote><b>共识增长估计</b></blockquote></p><p>If Palantir is producing at a $320 million adjusted annual operating income run rate and it was taxed at a normalized 25% rate, the current earnings power would be in the $240 million range or $.12 per diluted share. With this information and the growth deceleration outlined above, we can begin to put consensus earnings estimates into context. The following table was compiled from Seeking Alpha and displays consensus earnings and revenue estimates through 2023.</p><p><blockquote>如果Palantir的调整后年营业收入运行率为3.2亿美元，并且按25%的正常化税率征税，则当前的盈利能力将在2.4亿美元范围内，即稀释后每股0.12美元。有了这些信息和上面概述的增长减速，我们可以开始将普遍的盈利预测置于背景中。下表根据Seeking Alpha编制，显示了到2023年的普遍盈利和收入预测。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/022fd2d18964776a3e20294c7917548f\" tg-width=\"640\" tg-height=\"241\" width=\"100%\" height=\"auto\"/><span>Source: Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法。创建者：Brian Kapp，stoxdox</span></p></blockquote></p><p>I have highlighted the 2022 consensus estimates for earnings and sales growth. Notice that the 39% consensus earnings growth estimate for 2022 is in line with the 40% operating income growth posted in Q3 of 2021. Additionally, the sales growth estimate of 30% is just above the 29% adjusted sales growth in Q3 2021 excluding sales to Investees.</p><p><blockquote>我强调了对2022年盈利和销售增长的普遍预期。请注意，2022年39%的普遍盈利增长预期与2021年第三季度40%的营业收入增长一致。此外，30%的销售增长预期略高于2021年第三季度29%的调整后销售增长（不包括对被投资方的销售）。</blockquote></p><p>The 39% earnings growth expected for 2022 appears to be at material risk of being too high given the rapid slowdown in operating income to 40% in Q3 2021 compared to 266% through the first nine months of the year. This trajectory would likely place earnings growth for 2022 well below 39%.</p><p><blockquote>鉴于2021年第三季度营业收入迅速放缓至40%，而今年前9个月的营业收入为266%，预计2022年39%的盈利增长似乎面临过高的重大风险。这一轨迹可能会使2022年的盈利增长率远低于39%。</blockquote></p><p>The 30% sales growth estimate for 2022 looks to be achievable given Palantir’s aggressive investment strategy in regard to Investees who then purchase Palantir software. I believe the market will tend to discount Investee sales as I have. Excluding these sales, the revenue growth trajectory appears to be trending closer to 20% than 30% for 2022, which opens the door to further growth disappointment.</p><p><blockquote>鉴于Palantir对随后购买Palantir软件的被投资方采取了积极的投资策略，2022年30%的销售额增长预期似乎是可以实现的。我相信市场会像我一样对被投资方的销售打折。排除这些销售，2022年收入增长轨迹似乎接近20%，而不是30%，这为进一步的增长失望打开了大门。</blockquote></p><p>Looking to consensus estimates for 2023, the expected growth rates are remarkably similar to 2022. This straight-line growth forecast through 2023 adds to the risk that consensus estimates could be too high over the coming years. The current trajectory points to growth materially below that expected for 2022 and 2023.</p><p><blockquote>从2023年的共识预测来看，预期增长率与2022年非常相似。这种到2023年的直线增长预测增加了未来几年共识估计可能过高的风险。目前的轨迹表明，2022年和2023年的增长将大幅低于预期。</blockquote></p><p><b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p></p><p>Palantir is trading at 87x the consensus earnings estimate for 2021 and 62x that for 2022. Please keep in mind that these are non-GAAP (generally accepted accounting principles) earnings estimates. On a GAAP basis, Palantir continues to produce at a loss. The reported loss in Q3 2021 was $92 million and was $352 million through the first nine months of 2021.</p><p><blockquote>Palantir的交易价格是2021年普遍盈利预期的87倍，是2022年普遍盈利预期的62倍。请记住，这些是非GAAP（公认会计原则）盈利预测。根据公认会计准则，Palantir继续亏损生产。报告的2021年第三季度亏损为9200万美元，2021年前9个月亏损为3.52亿美元。</blockquote></p><p>Using the non-GAAP earnings estimates, 87x current year earnings and 62x forward earnings are extreme valuations from a historical market perspective. That said, they are within the realm of possibility for a growth stock in recent years. When viewed against Palantir’s rapidly slowing sales and operating income growth rates, as well as the heightened risk that consensus estimates may be too high, the current valuation multiples on consensus estimates offer little margin for error.</p><p><blockquote>使用非公认会计准则盈利预测，从历史市场角度来看，87倍的本年度盈利和62倍的预期盈利是极端估值。也就是说，它们是近年来成长型股票的可能性范围内的。考虑到Palantir迅速放缓的销售和营业收入增长率，以及共识估计可能过高的风险增加，目前共识估计的估值倍数几乎没有出错的余地。</blockquote></p><p>On the sales front, Palantir is valued at 17x the consensus 2021 revenue estimate and 13x that for 2022. These are extreme price-to-sales multiples for a large-cap company from a historical perspective. My estimate of core sales growth trending toward 20% excluding Investee revenue suggests that these valuation multiples on sales also offer little margin for error.</p><p><blockquote>在销售方面，Palantir的估值是2021年普遍收入预期的17倍，是2022年的13倍。从历史角度来看，对于大盘股公司来说，这些是极端的市销率倍数。我对核心销售增长趋势为20%（不包括被投资方收入）的估计表明，这些销售估值倍数也几乎没有误差。</blockquote></p><p>The valuation risks are further elevated when combined with the rapidly slowing operating income growth. Furthermore, as can be seen in my adjusted gross margin figure growing at 25% as of Q3 2021, the Palantir business model may not be supportive of a historically extreme price-to-sales valuation.</p><p><blockquote>再加上营业收入增长迅速放缓，估值风险进一步上升。此外，从我截至2021年第三季度调整后的毛利率增长25%可以看出，Palantir的商业模式可能不支持历史上极端的市销率估值。</blockquote></p><p><b>Technicals</b></p><p><blockquote><b>技术</b></blockquote></p><p>While the fundamental backdrop points toward little margin for error and subdued excess return potential, the technical setup suggests more meaningful upside return potential. The following 3-year weekly chart offers a bird’s eye view of the potential technical return spectrum. I have highlighted the key resistance levels with orange horizontal lines and the primary support level with a green line.</p><p><blockquote>虽然基本面背景表明误差幅度很小，超额回报潜力减弱，但技术设置表明更有意义的上行回报潜力。下面的3年周线图提供了潜在技术回报谱的鸟瞰图。我用橙色水平线突出显示了关键阻力位，用绿线突出了主要支撑位。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9aaa4f2a36fa507e420c9353d0cd91c\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 3-year weekly chart. (Created by Brian Kapp using a chart from Barchart.com)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Palantir 3年周线图。（由Brian Kapp使用Barchart.com的图表创建）</span></p></blockquote></p><p>The return potential to the nearest resistance levels of $19 and $22 is 43% and 65%, respectively. On the downside, the nearest support lies at the IPO price range near $10. The downside return potential to this level is -25%. It should be noted that Palantir’s short trading history of 16 months limits the usefulness of technical analysis. Additionally, with no trading history beneath the IPO price, it is unclear where support will be found if the $10 level is breached to the downside.</p><p><blockquote>最近阻力位19美元和22美元的回报潜力分别为43%和65%。下行方面，最近的支撑位于10美元附近的IPO价格区间。该水平的下行回报潜力为-25%。需要注意的是，Palantir 16个月的短暂交易历史限制了技术分析的有用性。此外，由于没有低于IPO价格的交易历史，尚不清楚如果向下突破10美元水平，将在哪里找到支撑。</blockquote></p><p>To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate. This valuation is twice that of the current market averages and would place Palantir shares at $8. This represents -40% downside risk from current levels.</p><p><blockquote>为了估计低于10美元的下行潜力，我采用了2022年非GAAP共识盈利预测的40倍市盈率。这一估值是当前市场平均水平的两倍，Palantir股价将达到8美元。这意味着较当前水平的下行风险为-40%。</blockquote></p><p>If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility. To estimate the downside risk potential if estimates are too high, I apply the same 40x non-GAAP earnings to my estimate of Palantir’s current annual run rate for fully-taxed, non-GAAP profitability. If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021) on top of my estimate of $.12 for the current annual run rate of adjusted earnings after tax, the shares could trade down to $6. This would represent downside risk of -55%.</p><p><blockquote>如果2022年39%的普遍盈利预期过高，则有可能从8美元进一步下跌。如果估计过高，为了估计潜在的下行风险，我将相同的40倍非GAAP收益应用于Palantir当前完全纳税、非GAAP盈利能力的年运行率估计。如果2022年盈利增长率为25%（我对截至2021年第三季度调整后毛利润增长率的估计），而我对当前调整后税后盈利年增长率的估计为0.12美元，那么该股的交易价格可能会跌至6美元。这意味着下行风险为-55%。</blockquote></p><p>The following daily chart provides a closer look at the technical backdrop.</p><p><blockquote>下面的日线图详细介绍了技术背景。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fa32fdab79f60368696ab122ff81b60a\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>The technical picture suggests heavy resistance between $19 and $22. Given the unrelenting downtrend over the past three months, a near-term bounce is likely. That said, the upside technical potential combined with the downside fundamental potential leaves the shares with a balanced potential return spectrum of 65% to -55% over the near term.</p><p><blockquote>技术面显示19美元至22美元之间存在较大阻力。鉴于过去三个月的持续下跌趋势，近期可能会出现反弹。也就是说，上行的技术潜力与下行的基本面潜力相结合，使该股在短期内具有65%至-55%的平衡潜在回报范围。</blockquote></p><p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p>All told, Palantir should be placed on the watchlist for high-risk growth investors. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, with notable red flags in the mix, caution is in order. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error. The resulting symmetry between risk and reward results in a neutral rating.</p><p><blockquote>总而言之，Palantir应该被列入高风险成长型投资者的观察名单。长期的机会在于成为能够集成结构化和非结构化数据以实现实时智能的基础企业操作系统。然而，由于出现了明显的危险信号，因此需要谨慎。主要的危险信号包括销售放缓、不寻常的上市转变、盈利能力迅速下降以及估值上升（误差幅度有限）。由此产生的风险和回报之间的对称性导致中性评级。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4484295-palantir-red-flag-or-opportunity\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4484295-palantir-red-flag-or-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196927717","content_text":"SummaryPalantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.Revenue growth in Palantir’s core client cohort slowed to 20% annualized through the first three quarters of 2021 compared to 2020.During 2021, Palantir fundamentally transformed its go-to-market strategy. The company is now using its cash to aggressively invest in other companies (Investees) who agree to purchase Palantir’s software.Management continues to guide for 30% sales growth through mid-decade. However, Palantir’s 3-phase business model hints at sales trending lower excluding its Investee sales.Palantir offers extraordinary long-term growth potential which should place it on the watchlist of all growth investors. The investment case rests on the fulcrum between opportunity and red flags.agawa288/iStock via Getty ImagesI am assigning Palantir (NYSE:PLTR) a neutral risk/reward rating as the long-term growth opportunity is counterbalanced by near-term red flags. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, a number of notable red flags warrant caution. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error.Risk/Reward Rating: NeutralPalantir has an unusual business model compared to its peers in the enterprise software sector in regard to how it acquires and grows its customer base. The company categorizes its customers according to three phases of development or cohorts: (1) Acquire, (2) Expand, and (3) Scale. While they are generic terms that are applicable to all businesses, they are unique in the case of Palantir due to how the company approaches its customers.Customer DetailPalantir defines a customer in the Acquire cohort as one that has generated less than $100,000 of revenue as of year-end while being unprofitable to Palantir. The Expand cohort is characterized by a customer that generated more than $100,000 of sales yet remained unprofitable. Finally, the Scale cohort is defined as a customer that has generated more than $100,000 of revenue while being a profitable relationship for Palantir during the year.The following tables were compiled from Palantir’s Q3 2021 10-Q filed with the SEC. The first table displays Palantir’s 2020 sales from each of the client cohorts which were categorized at the end of 2020 (2020 Revenue). In the 2021 Annualized column, you will find the sales of each of these 2020 customer cohorts through Q3 2021 annualized. In the second set of tables, I have compiled key details regarding Palantir’s largest customers over the past twelve months, as well as critical details pertaining to customers that are new to Palantir in 2021 which are not yet assigned to a cohort. Cohort categorization occurs at the end of each year.Source: Created by Brian Kapp, stoxdoxSource: Created by Brian Kapp, stoxdoxFor ease of comparison, I have color-coded the information that is related. One of the dominant realities for Palantir is its concentrated customer base, which is highlighted in blue. Palantir has only 203 customers, with the top 20 accounting for 58% of sales.By definition, Palantir’s largest customers are in the Scale cohort. Through the first three quarters of 2021, the Scale cohort (categorized as such at the end of 2020) is growing at an annualized rate of 20%. Given that this group accounts for 86% of Palantir’s revenue, it will be challenging to move the sales growth needle materially above 20% without explosive growth from the other two cohorts or a material acceleration from the Scale cohort. It should be noted that management is guiding to 30% annual sales growth through mid-decade.The 2020 year-end Acquire and Expand cohorts are highlighted in yellow in the upper table. New customers in 2021 will not be assigned to a cohort until the year-end Palantir report. I have highlighted the pertinent 2021 new customer data in yellow for easy comparison to the 2020 Acquire and Expand customer cohorts. I view the 2021 new customer sales performance excluding sales to Investees to be a sustainable core growth rate. The Investee customer acquisition strategy is extraordinarily unusual and carries an exceedingly high capital risk which introduces reputational and, therefore, brand risk.Please note that Investee here refers to customers that Palantir has purchased the stock of in return for the Investee using Palantir’s software. Meaning, the revenue from Investees is a reciprocation of Palantir investing in the shares of these customers. In this respect, these are not arm’s-length transactions. I believe the new client numbers excluding sales to Investees is an important data point for ascertaining a purely market-based new customer growth rate.Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021 compared to the $20.6 million of sales from the Acquire and Expand cohorts of 2020. While this is not a perfect comparison for sales growth from new customers, it is a fair estimation. As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company’s 30% sales growth guidance through mid-decade.InvesteesIt is important to step back and review Palantir’s investments in Investees as this is an extraordinarily unusual go-to-market strategy for customer acquisition. The above numbers, which suggest revenue growth is trending toward 20%, place Palantir’s use of its balance sheet cash to fund new customers in a new light. The following tables were compiled from Palantir’s Q3 2021 10-Q. The first table lists companies that Palantir has funded as of the end of Q3 2021. The second table displays Palantir’s investment commitments to new companies that are not yet funded.Source: Created by Brian Kapp, stoxdoxI have conducted a cursory review of each of the above companies. The common theme is that they are all early-stage companies in the most popular growth sectors. These sectors include EVs, robotics, flying electric vehicles, satellite services and drug discovery. None of the Investees appears to offer enough appreciation potential in its own right to move the needle materially for Palantir’s valuation. Palantir’s ownership stake ranges from 0.4% to 1.6%.It remains unclear how much of each company’s funding can be spent on Palantir’s software. Furthermore, it is not clear if the $19 million of revenue through Q3 2021 from these companies is sustainable.I have highlighted in blue Palantir’s total investment of $150 million in the seven companies. The yellow highlighted cell represents the current valuation of the investments. Palantir is now down approximately $64 million on these seven companies alone. This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated. There are other private company investments not listed above, however, Palantir does not break out the details. They are included in other assets on Palantir’s balance sheet which amounted to $116 million as of Q3 2021.The following table displays Palantir’s commitments to invest in new companies as of Q3 2021. I have highlighted in yellow the two companies that Palantir funded subsequent to the end of Q3 2021.Source: Created by Brian Kapp, stoxdoxI have highlighted in blue the total funding commitment for new investments as of Q3 2021. This is $252 million on top of the $150 million completed prior to the end of Q3. While I have not looked into these particular companies, they appear similar to the first seven investments reviewed above. Meaning, they appear to carry extreme capital risk with upside potential that is likely to be minimal when compared to the valuation upside inherent in Palantir’s software business. It should be noted that recent valuations were extreme and continue to contract rapidly. As a result, the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.Financial PerformanceTurning to Palantir’s recent performance, I have chosen to view sales growth excluding the Investees as this is the most likely sustainable growth trajectory. The following table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC. I made an adjustment by removing Investee revenue to arrive at a net revenue figure.Source: Created by Brian Kapp, stoxdoxI have highlighted in yellow the 29% revenue growth in Q3 2021 after removing the Investee revenue. Investees added 6.5% to growth in Q3. Year-to-date, the Investee revenue accounted for 1.7% revenue growth. The 29% growth rate is already decelerating beneath the company’s 30% growth guidance through mid-decade. Keep in mind that the Investee revenue stream will grow with additional funding of Palantir’s investment commitments. Regardless, growth is decelerating rapidly at 29% in Q3 compared to 41% year-to-date excluding these non-arm’s-length sales.Geographic & Segment SalesThe sales slowdown is being led by France, which contracted 22% through the first three quarters of 2021 (highlighted in orange below). It should be noted that Palantir has had a material relationship with Airbus and the airline industry. This could be a negative read through for an important client and industry. While the US remained the best performer in Q3 2021, growth is slowing rapidly as is evidenced by the blue highlighted cells below. The table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC.Source: Created by Brian Kapp, stoxdoxIn addition to France, the rest of the world is also slowing rapidly, from 45% through the first nine months of the year to 20% in Q3 2021. Please note that these are reported sales without any adjustments. The following table was compiled from the same SEC filing and highlights that the large sales slowdown in Q3 occurred in the Government segment. Please keep in mind that the Investee revenue is included in the figures below and added approximately 6.5% to the Q3 growth rate in the Commercial segment.Source: Created by Brian Kapp, stoxdoxIn summary, the Commercial segment is growing revenue rather steadily, approximately 29% excluding the Investee revenue. However, the Government segment is decelerating rapidly, from 57% through the first nine months of 2021 to 34% in Q3.Gross Profit & KPIPalantir’s unusual customer acquisition strategy predates the shift to Investees. The company’s sales and marketing expenses appear to be quite similar to the cost of goods sold for other companies. This is the case because Palantir offers prospective customers free pilot programs as opposed to requiring payment upfront for use of its software. Sales and marketing personnel execute the pilot programs and coordinate solution development in order to generate sales. The following quote from the Q3 2021 10-Q summarizes the situation:Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for our sales force and personnel involved in executing on pilots and customer growth activities...As a result, I view the sales and marketing expense in the case of Palantir to be a cost of goods sold and reduction to gross margin. While this categorization does not affect the bottom line, it does serve to place the reported 78% gross margin in context.I believe this perspective on sales and marketing expense is helpful in thinking about Palantir’s business model in relation to other companies and relative valuations that rely on gross profit margins. The following table was compiled from Palantir’s Q3 2021 10-Q and displays the reported cost of revenue and sales and marketing expense adjusted by removing the related stock-based compensation expense from each line item.Source: Created by Brian Kapp, stoxdoxNotice that the adjusted gross profit growth has slowed considerably to 25% in Q3 (highlighted in blue in the lower portion of the table) compared to 59% through the first nine months of 2021 (highlighted in yellow). The cost of sales is rising rapidly in Q3 2021 compared to the first nine months of the year.Palantir utilizes one KPI or Key Performance Indicator to judge performance and inform decision-making, which is referred to as Contribution Margin. It is similar to my adjusted gross margin figure above as can be seen in the following table compiled from Palantir’s Q3 2021 10-Q.Source: Created by Brian Kapp, stoxdoxNotice that the contribution row is remarkably similar to my adjusted gross profit row in the previous table. Additionally, the growth rate deceleration is similar, as can be seen in the highlighted cells. While 37% is materially different from my estimate of 25% growth, the step change lower from 64% is of similar amplitude.Operating IncomeTurning to operating income, I have adjusted the reported figures once again by removing stock option-related expenses as well as one-off expenses pertaining to the direct listing IPO in 2020. The overriding message is once again one of rapid deceleration. The following table was compiled from the same SEC filing and displays operating expenses excluding sales and marketing expenses, as well as my adjusted operating income estimate.Source: Created by Brian Kapp, stoxdoxIn the lower section of the table, notice the incredible deceleration in adjusted operating income to 40% growth in Q3 of 2021 compared to 266% growth through the first nine months of the year. General and administrative expenses accelerated rapidly in Q3 2021, while Palantir materially reduced research and development investment to just 5% growth in Q3.The research and development investment slowdown could be a negative read through for sales growth as R&D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale. As customer needs are identified by sales and marketing, research and development expenses should respond to increased future sales potential. This does not appear to be happening at the moment.As of Q3 2021, Palantir is annualizing at an adjusted operating income run rate of approximately $300 to $320 million, or about $.16 per share. This is a before-tax operating income figure. The primary takeaway from the operating income front is that profitability is slowing rapidly. This provides additional color for the unusual Investee customer acquisition strategy being deployed.Consensus Growth EstimatesIf Palantir is producing at a $320 million adjusted annual operating income run rate and it was taxed at a normalized 25% rate, the current earnings power would be in the $240 million range or $.12 per diluted share. With this information and the growth deceleration outlined above, we can begin to put consensus earnings estimates into context. The following table was compiled from Seeking Alpha and displays consensus earnings and revenue estimates through 2023.Source: Seeking Alpha. Created by Brian Kapp, stoxdoxI have highlighted the 2022 consensus estimates for earnings and sales growth. Notice that the 39% consensus earnings growth estimate for 2022 is in line with the 40% operating income growth posted in Q3 of 2021. Additionally, the sales growth estimate of 30% is just above the 29% adjusted sales growth in Q3 2021 excluding sales to Investees.The 39% earnings growth expected for 2022 appears to be at material risk of being too high given the rapid slowdown in operating income to 40% in Q3 2021 compared to 266% through the first nine months of the year. This trajectory would likely place earnings growth for 2022 well below 39%.The 30% sales growth estimate for 2022 looks to be achievable given Palantir’s aggressive investment strategy in regard to Investees who then purchase Palantir software. I believe the market will tend to discount Investee sales as I have. Excluding these sales, the revenue growth trajectory appears to be trending closer to 20% than 30% for 2022, which opens the door to further growth disappointment.Looking to consensus estimates for 2023, the expected growth rates are remarkably similar to 2022. This straight-line growth forecast through 2023 adds to the risk that consensus estimates could be too high over the coming years. The current trajectory points to growth materially below that expected for 2022 and 2023.ValuationPalantir is trading at 87x the consensus earnings estimate for 2021 and 62x that for 2022. Please keep in mind that these are non-GAAP (generally accepted accounting principles) earnings estimates. On a GAAP basis, Palantir continues to produce at a loss. The reported loss in Q3 2021 was $92 million and was $352 million through the first nine months of 2021.Using the non-GAAP earnings estimates, 87x current year earnings and 62x forward earnings are extreme valuations from a historical market perspective. That said, they are within the realm of possibility for a growth stock in recent years. When viewed against Palantir’s rapidly slowing sales and operating income growth rates, as well as the heightened risk that consensus estimates may be too high, the current valuation multiples on consensus estimates offer little margin for error.On the sales front, Palantir is valued at 17x the consensus 2021 revenue estimate and 13x that for 2022. These are extreme price-to-sales multiples for a large-cap company from a historical perspective. My estimate of core sales growth trending toward 20% excluding Investee revenue suggests that these valuation multiples on sales also offer little margin for error.The valuation risks are further elevated when combined with the rapidly slowing operating income growth. Furthermore, as can be seen in my adjusted gross margin figure growing at 25% as of Q3 2021, the Palantir business model may not be supportive of a historically extreme price-to-sales valuation.TechnicalsWhile the fundamental backdrop points toward little margin for error and subdued excess return potential, the technical setup suggests more meaningful upside return potential. The following 3-year weekly chart offers a bird’s eye view of the potential technical return spectrum. I have highlighted the key resistance levels with orange horizontal lines and the primary support level with a green line.Palantir 3-year weekly chart. (Created by Brian Kapp using a chart from Barchart.com)The return potential to the nearest resistance levels of $19 and $22 is 43% and 65%, respectively. On the downside, the nearest support lies at the IPO price range near $10. The downside return potential to this level is -25%. It should be noted that Palantir’s short trading history of 16 months limits the usefulness of technical analysis. Additionally, with no trading history beneath the IPO price, it is unclear where support will be found if the $10 level is breached to the downside.To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate. This valuation is twice that of the current market averages and would place Palantir shares at $8. This represents -40% downside risk from current levels.If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility. To estimate the downside risk potential if estimates are too high, I apply the same 40x non-GAAP earnings to my estimate of Palantir’s current annual run rate for fully-taxed, non-GAAP profitability. If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021) on top of my estimate of $.12 for the current annual run rate of adjusted earnings after tax, the shares could trade down to $6. This would represent downside risk of -55%.The following daily chart provides a closer look at the technical backdrop.The technical picture suggests heavy resistance between $19 and $22. Given the unrelenting downtrend over the past three months, a near-term bounce is likely. That said, the upside technical potential combined with the downside fundamental potential leaves the shares with a balanced potential return spectrum of 65% to -55% over the near term.SummaryAll told, Palantir should be placed on the watchlist for high-risk growth investors. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, with notable red flags in the mix, caution is in order. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error. The resulting symmetry between risk and reward results in a neutral rating.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633367335,"gmtCreate":1643780426861,"gmtModify":1643780496986,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633367335","repostId":"2208351732","repostType":4,"isVote":1,"tweetType":1,"viewCount":2446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633903844,"gmtCreate":1643634693337,"gmtModify":1643634695404,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"OMy....","listText":"OMy....","text":"OMy....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633903844","repostId":"1175691930","repostType":2,"repost":{"id":"1175691930","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643631356,"share":"https://www.laohu8.com/m/news/1175691930?lang=zh_CN&edition=full","pubTime":"2022-01-31 20:15","market":"us","language":"zh","title":"盘前 | 恐慌指数拉升！股指期货全线转跌","url":"https://stock-news.laohu8.com/highlight/detail?id=1175691930","media":"老虎资讯综合","summary":"1月31日，美股三大股指期货全线转跌，截至发稿，道指期货跌0.76%；纳斯达克100指数期货跌0.16%；标普500指数期货跌0.57%。恐慌指数VIX涨5.57% ，现报29.2盘前行情奈飞盘前涨超","content":"<html><head></head><body><p>1月31日，美股三大股指期货全线转跌，截至发稿，道指期货跌0.76%；纳斯达克100指数期货跌0.16%；标普500指数期货跌0.57%。</p><p><img src=\"https://static.tigerbbs.com/5313bcd98b9d0f41eaa8fafeeadf2c55\" tg-width=\"385\" tg-height=\"183\" width=\"100%\" height=\"auto\"/></p><p>恐慌指数VIX涨5.57% ，现报29.2</p><p><img src=\"https://static.tigerbbs.com/cb1f67f76f0c9dc2c05b54a852c3b9a0\" tg-width=\"889\" tg-height=\"822\" width=\"100%\" height=\"auto\"/></p><p><b>盘前行情</b></p><p><a href=\"https://laohu8.com/S/NFLX\">奈飞</a>盘前涨超3%，美国SEC一份文件显示，联合首席执行官回购51440股，涉资2000万美元。</p><p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨超4%，此前消息，与以色列达成协议，提供500万剂新冠肺炎疫苗。</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a>盘前涨超4%，巴克莱将其从减配上调到超配，目标价从70美元上调至80美元。</p><p><b>欧洲市场</b></p><p>欧洲主要股指少数转跌，截至发稿，德国DAX30指数涨0.29%，英国富时100跌0.01%，法国CAC40跌0.3%。</p><p><img src=\"https://static.tigerbbs.com/51c402aa5a783f72065015a42a473da3\" tg-width=\"822\" tg-height=\"359\" width=\"100%\" height=\"auto\"/></p><p><b>原油</b></p><p>原油期货涨幅收窄，截止发稿，WTI原油涨0.36%，报87.13美元/桶；布伦特原油涨0.41%，报88.88美元/桶。</p><p>油价近期持续保持强势，基本面格局仍未有改观。俄乌局势引而未发，OPEC+增产始终未能达到目标，尽管油价前期已经消化这些影响，但空头仍然有所忌惮，未敢轻易入场做空。</p><p><img src=\"https://static.tigerbbs.com/fb1f29f3ac33742d568c22c01b4abda5\" tg-width=\"889\" tg-height=\"825\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9d60ec872235f85150241a1de272c23a\" tg-width=\"889\" tg-height=\"822\" width=\"100%\" height=\"auto\"/></p><p><b>黄金</b></p><p>黄金期货日内走高，截止发稿，涨0.3%，报1791.9美元/盎司。</p><p>基本面美联储带来的压力有望继续发酵，市场开始消化加息四次以上的可能性，尤其在日内风险情绪尚可的情况下，金价下行的机会将更大。</p><p><img src=\"https://static.tigerbbs.com/193fcfac001eb18816336ee50f1ddd4d\" tg-width=\"889\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p></body></html>","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>盘前 | 恐慌指数拉升！股指期货全线转跌</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n盘前 | 恐慌指数拉升！股指期货全线转跌\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-01-31 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月31日，美股三大股指期货全线转跌，截至发稿，道指期货跌0.76%；纳斯达克100指数期货跌0.16%；标普500指数期货跌0.57%。</p><p><img src=\"https://static.tigerbbs.com/5313bcd98b9d0f41eaa8fafeeadf2c55\" tg-width=\"385\" tg-height=\"183\" width=\"100%\" height=\"auto\"/></p><p>恐慌指数VIX涨5.57% ，现报29.2</p><p><img src=\"https://static.tigerbbs.com/cb1f67f76f0c9dc2c05b54a852c3b9a0\" tg-width=\"889\" tg-height=\"822\" width=\"100%\" height=\"auto\"/></p><p><b>盘前行情</b></p><p><a href=\"https://laohu8.com/S/NFLX\">奈飞</a>盘前涨超3%，美国SEC一份文件显示，联合首席执行官回购51440股，涉资2000万美元。</p><p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨超4%，此前消息，与以色列达成协议，提供500万剂新冠肺炎疫苗。</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a>盘前涨超4%，巴克莱将其从减配上调到超配，目标价从70美元上调至80美元。</p><p><b>欧洲市场</b></p><p>欧洲主要股指少数转跌，截至发稿，德国DAX30指数涨0.29%，英国富时100跌0.01%，法国CAC40跌0.3%。</p><p><img src=\"https://static.tigerbbs.com/51c402aa5a783f72065015a42a473da3\" tg-width=\"822\" tg-height=\"359\" width=\"100%\" height=\"auto\"/></p><p><b>原油</b></p><p>原油期货涨幅收窄，截止发稿，WTI原油涨0.36%，报87.13美元/桶；布伦特原油涨0.41%，报88.88美元/桶。</p><p>油价近期持续保持强势，基本面格局仍未有改观。俄乌局势引而未发，OPEC+增产始终未能达到目标，尽管油价前期已经消化这些影响，但空头仍然有所忌惮，未敢轻易入场做空。</p><p><img src=\"https://static.tigerbbs.com/fb1f29f3ac33742d568c22c01b4abda5\" tg-width=\"889\" tg-height=\"825\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9d60ec872235f85150241a1de272c23a\" tg-width=\"889\" tg-height=\"822\" width=\"100%\" height=\"auto\"/></p><p><b>黄金</b></p><p>黄金期货日内走高，截止发稿，涨0.3%，报1791.9美元/盎司。</p><p>基本面美联储带来的压力有望继续发酵，市场开始消化加息四次以上的可能性，尤其在日内风险情绪尚可的情况下，金价下行的机会将更大。</p><p><img src=\"https://static.tigerbbs.com/193fcfac001eb18816336ee50f1ddd4d\" tg-width=\"889\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","VIX":"标普500波动率指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175691930","content_text":"1月31日，美股三大股指期货全线转跌，截至发稿，道指期货跌0.76%；纳斯达克100指数期货跌0.16%；标普500指数期货跌0.57%。恐慌指数VIX涨5.57% ，现报29.2盘前行情奈飞盘前涨超3%，美国SEC一份文件显示，联合首席执行官回购51440股，涉资2000万美元。诺瓦瓦克斯医药盘前涨超4%，此前消息，与以色列达成协议，提供500万剂新冠肺炎疫苗。Beyond Meat盘前涨超4%，巴克莱将其从减配上调到超配，目标价从70美元上调至80美元。欧洲市场欧洲主要股指少数转跌，截至发稿，德国DAX30指数涨0.29%，英国富时100跌0.01%，法国CAC40跌0.3%。原油原油期货涨幅收窄，截止发稿，WTI原油涨0.36%，报87.13美元/桶；布伦特原油涨0.41%，报88.88美元/桶。油价近期持续保持强势，基本面格局仍未有改观。俄乌局势引而未发，OPEC+增产始终未能达到目标，尽管油价前期已经消化这些影响，但空头仍然有所忌惮，未敢轻易入场做空。黄金黄金期货日内走高，截止发稿，涨0.3%，报1791.9美元/盎司。基本面美联储带来的压力有望继续发酵，市场开始消化加息四次以上的可能性，尤其在日内风险情绪尚可的情况下，金价下行的机会将更大。","news_type":1,"symbols_score_info":{".DJI":0.9,"YMmain":0.9,"NQmain":0.9,"VIX":0,".IXIC":0.9,"ESmain":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633010237,"gmtCreate":1643550799618,"gmtModify":1643550799881,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633010237","repostId":"2207803183","repostType":4,"isVote":1,"tweetType":1,"viewCount":2856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":630758439,"gmtCreate":1643063271704,"gmtModify":1643063271940,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630758439","repostId":"1120647228","repostType":4,"repost":{"id":"1120647228","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":1643028586,"share":"https://www.laohu8.com/m/news/1120647228?lang=zh_CN&edition=full","pubTime":"2022-01-24 20:49","market":"us","language":"en","title":"Pre-Bell｜Kohl’s Soared 27.3%; Unilever Surged 6.6%<blockquote>盘前|美国柯尔百货公司大涨27.3%；联合利华飙升6.6%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120647228","media":"Tiger Newspress","summary":"U.S. stock index futures slid on Monday after a bruising selloff last week, as geopolitical tensions","content":"<p><html><head></head><body>U.S. stock index futures slid on Monday after a bruising selloff last week, as geopolitical tensions in Ukraine roiled risk appetite ahead of a Federal Reserve policy meeting later this week.</p><p><blockquote><html><head></head><body>美国股指期货在上周大幅抛售后周一下跌，因乌克兰地缘政治紧张局势在本周晚些时候美联储政策会议之前搅乱了风险偏好。</body></html></blockquote></p><p><b>Market Snapshot</b></p><p><blockquote><b>市场快照</b></blockquote></p><p>At 08:31 a.m. ET, Dow e-minis were down 228 points, or 0.67%, S&amp;P 500 e-minis were down 46.75 points, or 1.06%, and Nasdaq 100 e-minis were down 218.75 points, or 1.52%.</p><p><blockquote>截至美国东部时间上午08:31，道指e-mini下跌228点，跌幅0.67%，标普500 e-mini下跌46.75点，跌幅1.06%，纳斯达克100 e-mini下跌218.75点，跌幅1.52%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ab508374f513e29226f0cd25657a2e0c\" tg-width=\"372\" tg-height=\"158\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p><b>Pre-Market Movers</b></p><p><blockquote><b>上市前推动者</b></blockquote></p><p>Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share.</p><p><blockquote>Kohl's(KSS)——随着对该零售商的收购兴趣增强，Kohl's在盘前交易中飙升27.3%。右舷支持的Acacia Research出价每股64美元收购Kohl's，而周五收盘价为每股46.84美元。知情人士称，私募股权公司Sycamore Partners已提出每股至少65美元的潜在报价。</blockquote></p><p>Snap (SNAP) – Snap shares slid 5.3% in the premarket after it was downgraded to “neutral” from “outperform” at Wedbush, which sees various headwinds impacting the social media network operator’s revenue growth.</p><p><blockquote>SNAP（SNAP）——SNAP股价在盘前下跌5.3%，此前韦德布什将其评级从“跑赢大盘”下调至“中性”，该公司认为各种不利因素影响了这家社交媒体网络运营商的收入增长。</blockquote></p><p>Philips (PHG) – Philips slid 4.2% in premarket action after the Dutch health technology company reported falling profit due in part to supply chain issues that are expected to persist in coming months. Philips did predict a strong recovery in sales for the second half of the year.</p><p><blockquote>飞利浦(PHG)——飞利浦在盘前下跌4.2%，此前这家荷兰健康技术公司报告利润下降，部分原因是供应链问题预计将在未来几个月持续存在。飞利浦确实预测下半年销售将强劲复苏。</blockquote></p><p>Peloton (PTON) – Activist investor Blackwells Capital is calling on Peloton to fire its CEO and seek a sale of the company. The fitness equipment maker’s stock is down more than 80% from its all-time high, as it struggles to deal with rapidly changing supply-and-demand dynamics. Peloton fell 2% in premarket trading.</p><p><blockquote>Peloton（PTON）——激进投资者Blackwells Capital呼吁Peloton解雇其首席执行官并寻求出售公司。由于难以应对快速变化的供需动态，这家健身器材制造商的股价较历史高点下跌了80%以上。Peloton在盘前交易中下跌2%。</blockquote></p><p>Halliburton (HAL) – Halliburton rose 1.5% in the premarket after the oilfield services company beat top and bottom line estimates for the fourth quarter. Halliburton earned 36 cents per share, 2 cents a share above estimates. Demand for the company’s services jumped as oil prices rose. Halliburton also raised its quarterly dividend to 12 cents per share from 4.5 cents a share.</p><p><blockquote>哈里伯顿(HAL)-哈里伯顿在盘前上涨1.5%，此前这家油田服务公司第四季度的营收和利润超出了预期。哈里伯顿每股盈利36美分，比预期高出2美分。随着油价上涨，对该公司服务的需求猛增。哈里伯顿还将季度股息从每股4.5美分提高到每股12美分。</blockquote></p><p>Unilever (UL) – Unilever surged 6.6% in the premarket following reports that Nelson Peltz’s Trian Partners has built up a stake in the consumer products giant. The size of the stake could not be determined, and Trian said it did not comment on market rumors when contacted by CNBC.</p><p><blockquote>联合利华(UL)——有报道称Nelson Peltz的Trian Partners已增持这家消费品巨头的股份，联合利华盘前股价飙升6.6%。持股规模无法确定，当CNBC联系Trian时，该公司表示不对市场传言发表评论。</blockquote></p><p>Fox Corp. (FOXA) – Fox added 1.6% in premarket trading after UBS upgraded the stock to “buy” from “neutral.” UBS said among traditional media companies, Fox is among the best poised to benefit from an acceleration in sports betting, and also pointed to Fox’s strong position among pay-TV providers.</p><p><blockquote>福克斯公司(FOXA)-瑞银将该股评级从“中性”上调至“买入”后，福克斯在盘前交易中上涨1.6%。瑞银表示，在传统媒体公司中，福克斯是最有可能从体育博彩加速中受益的公司之一，并指出福克斯在付费电视提供商中的强势地位。</blockquote></p><p>Discover Financial (DFS) – Discover Financial was upgraded to “overweight” from “neutral” at Piper Sandler, which cites several factors including the financial services company’s valuation. Discover gained 1.1% in premarket trading.</p><p><blockquote>Discover Financial(DFS)-Piper Sandler将Discover Financial从“中性”上调至“跑赢大盘”，该评级引用了包括该金融服务公司估值在内的多个因素。Discover在盘前交易中上涨1.1%。</blockquote></p><p>Coinbase (COIN) – The cryptocurrency exchange operator’s shares tumbled 7.8% in the premarket, reflecting the downward move in crypto over the weekend and this morning, with Bitcoin touching its lowest level since July. Microstrategy (MSTR) – the business analytics company that holds several billion dollars in bitcoin – plunged 12.2%.</p><p><blockquote>Coinbase(COIN)——这家加密货币交易所运营商的股价在盘前下跌7.8%，反映出周末和今天上午加密货币的下跌，比特币触及7月以来的最低水平。Microstrategy(MSTR)——持有数十亿美元比特币的商业分析公司——股价暴跌12.2%。</blockquote></p><p>Comcast (CMCSA) – The NBCUniversal and CNBC parent was upgraded to “outperform” from “sector perform” at RBC Capital, which thinks that subscriber growth concerns have been overblown. Comcast added 1.1% in the premarket.</p><p><blockquote>康卡斯特(CMCSA)——加拿大皇家银行资本(RBC Capital)将NBCUniversal和CNBC母公司的评级从“行业表现”上调至“跑赢大盘”，该公司认为对用户增长的担忧被夸大了。康卡斯特盘前上涨1.1%。</blockquote></p><p><b>Market News</b></p><p><blockquote><b>市场新闻</b></blockquote></p><p>Blackwells Capital to push stationary-bike maker to explore a sale, sources say. An activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.</p><p><blockquote>消息人士称，布莱克威尔资本将推动固定自行车制造商探索出售。随着增长放缓，这家固定自行车制造商的股价从高点暴跌超过80%，一位激进投资者希望Peloton Interactive Inc.解雇其首席执行官并考虑出售。</blockquote></p><p>American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain&#39;s departure.</p><p><blockquote>美国银行业巨头摩根大通周一表示，已将其大部分欧盟业务合并为德国的一个实体，寻求在英国脱欧后使其在欧盟的业务更具竞争力。</blockquote></p><p>U.S. department store Kohl&#39;s Corp may soon receive a second takeover offer as private equity firm. Sycamore Partners has reached out to Kohl&#39;s about a potential offer that would value the company around $9 billion, one source said. The firm is willing to pay at least $65 a share in cash for the company, the source said.</p><p><blockquote>美国百货公司Kohl's Corp可能很快就会收到作为私募股权公司的第二次收购要约。一位消息人士称，Sycamore Partners已与Kohl's就一项潜在收购要约进行了接触，该收购要约将使该公司估值约为90亿美元。消息人士称，该公司愿意为该公司支付每股至少65美元的现金。</blockquote></p><p>Accell Group, the maker of bicycle brands such as Sparta and Batavus, has agreed to an all-cash takeover by a consortium led by KKR that values the company at 1.56 billion euros ($1.77 billion), it said in a statement on Monday.</p><p><blockquote>Sparta和Batavus等自行车品牌的制造商Accell Group周一在一份声明中表示，已同意由KKR牵头的财团进行全现金收购，该财团对该公司的估值为15.6亿欧元（17.7亿美元）。</blockquote></p><p>Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers.</p><p><blockquote>永利度假村正寻求以大幅折扣出售其在线体育博彩业务，因为这个羽翼未丰的利基市场面临着高额税收和吸引顾客所需的昂贵促销活动带来的痛苦损失。</blockquote></p><p></p><p>A stake that Nelson Peltz’s activist hedge fund has built in Unilever Plc is adding to pressure on the Dove soap maker’s chief executive officer, Alan Jope, after Jope’s failed bid to buy a consumer-health unit from GlaxoSmithKline Plc.</p><p><blockquote>纳尔逊·佩尔茨(Nelson Peltz)的激进对冲基金在联合利华(Unilever Plc)收购葛兰素史克(GlaxoSmithKline Plc)的消费者健康部门失败后，持有联合利华(Unilever Plc)的股份增加了这家多芬肥皂制造商首席执行官艾伦·乔普(Alan Jope)的压力。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Kohl’s Soared 27.3%; Unilever Surged 6.6%<blockquote>盘前|美国柯尔百货公司大涨27.3%；联合利华飙升6.6%</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; 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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\">\nPre-Bell｜Kohl’s Soared 27.3%; Unilever Surged 6.6%<blockquote>盘前|美国柯尔百货公司大涨27.3%；联合利华飙升6.6%</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\">2022-01-24 20:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stock index futures slid on Monday after a bruising selloff last week, as geopolitical tensions in Ukraine roiled risk appetite ahead of a Federal Reserve policy meeting later this week.</p><p><blockquote><html><head></head><body>美国股指期货在上周大幅抛售后周一下跌，因乌克兰地缘政治紧张局势在本周晚些时候美联储政策会议之前搅乱了风险偏好。</body></html></blockquote></p><p><b>Market Snapshot</b></p><p><blockquote><b>市场快照</b></blockquote></p><p>At 08:31 a.m. ET, Dow e-minis were down 228 points, or 0.67%, S&amp;P 500 e-minis were down 46.75 points, or 1.06%, and Nasdaq 100 e-minis were down 218.75 points, or 1.52%.</p><p><blockquote>截至美国东部时间上午08:31，道指e-mini下跌228点，跌幅0.67%，标普500 e-mini下跌46.75点，跌幅1.06%，纳斯达克100 e-mini下跌218.75点，跌幅1.52%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ab508374f513e29226f0cd25657a2e0c\" tg-width=\"372\" tg-height=\"158\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p><b>Pre-Market Movers</b></p><p><blockquote><b>上市前推动者</b></blockquote></p><p>Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share.</p><p><blockquote>Kohl's(KSS)——随着对该零售商的收购兴趣增强，Kohl's在盘前交易中飙升27.3%。右舷支持的Acacia Research出价每股64美元收购Kohl's，而周五收盘价为每股46.84美元。知情人士称，私募股权公司Sycamore Partners已提出每股至少65美元的潜在报价。</blockquote></p><p>Snap (SNAP) – Snap shares slid 5.3% in the premarket after it was downgraded to “neutral” from “outperform” at Wedbush, which sees various headwinds impacting the social media network operator’s revenue growth.</p><p><blockquote>SNAP（SNAP）——SNAP股价在盘前下跌5.3%，此前韦德布什将其评级从“跑赢大盘”下调至“中性”，该公司认为各种不利因素影响了这家社交媒体网络运营商的收入增长。</blockquote></p><p>Philips (PHG) – Philips slid 4.2% in premarket action after the Dutch health technology company reported falling profit due in part to supply chain issues that are expected to persist in coming months. Philips did predict a strong recovery in sales for the second half of the year.</p><p><blockquote>飞利浦(PHG)——飞利浦在盘前下跌4.2%，此前这家荷兰健康技术公司报告利润下降，部分原因是供应链问题预计将在未来几个月持续存在。飞利浦确实预测下半年销售将强劲复苏。</blockquote></p><p>Peloton (PTON) – Activist investor Blackwells Capital is calling on Peloton to fire its CEO and seek a sale of the company. The fitness equipment maker’s stock is down more than 80% from its all-time high, as it struggles to deal with rapidly changing supply-and-demand dynamics. Peloton fell 2% in premarket trading.</p><p><blockquote>Peloton（PTON）——激进投资者Blackwells Capital呼吁Peloton解雇其首席执行官并寻求出售公司。由于难以应对快速变化的供需动态，这家健身器材制造商的股价较历史高点下跌了80%以上。Peloton在盘前交易中下跌2%。</blockquote></p><p>Halliburton (HAL) – Halliburton rose 1.5% in the premarket after the oilfield services company beat top and bottom line estimates for the fourth quarter. Halliburton earned 36 cents per share, 2 cents a share above estimates. Demand for the company’s services jumped as oil prices rose. Halliburton also raised its quarterly dividend to 12 cents per share from 4.5 cents a share.</p><p><blockquote>哈里伯顿(HAL)-哈里伯顿在盘前上涨1.5%，此前这家油田服务公司第四季度的营收和利润超出了预期。哈里伯顿每股盈利36美分，比预期高出2美分。随着油价上涨，对该公司服务的需求猛增。哈里伯顿还将季度股息从每股4.5美分提高到每股12美分。</blockquote></p><p>Unilever (UL) – Unilever surged 6.6% in the premarket following reports that Nelson Peltz’s Trian Partners has built up a stake in the consumer products giant. The size of the stake could not be determined, and Trian said it did not comment on market rumors when contacted by CNBC.</p><p><blockquote>联合利华(UL)——有报道称Nelson Peltz的Trian Partners已增持这家消费品巨头的股份，联合利华盘前股价飙升6.6%。持股规模无法确定，当CNBC联系Trian时，该公司表示不对市场传言发表评论。</blockquote></p><p>Fox Corp. (FOXA) – Fox added 1.6% in premarket trading after UBS upgraded the stock to “buy” from “neutral.” UBS said among traditional media companies, Fox is among the best poised to benefit from an acceleration in sports betting, and also pointed to Fox’s strong position among pay-TV providers.</p><p><blockquote>福克斯公司(FOXA)-瑞银将该股评级从“中性”上调至“买入”后，福克斯在盘前交易中上涨1.6%。瑞银表示，在传统媒体公司中，福克斯是最有可能从体育博彩加速中受益的公司之一，并指出福克斯在付费电视提供商中的强势地位。</blockquote></p><p>Discover Financial (DFS) – Discover Financial was upgraded to “overweight” from “neutral” at Piper Sandler, which cites several factors including the financial services company’s valuation. Discover gained 1.1% in premarket trading.</p><p><blockquote>Discover Financial(DFS)-Piper Sandler将Discover Financial从“中性”上调至“跑赢大盘”，该评级引用了包括该金融服务公司估值在内的多个因素。Discover在盘前交易中上涨1.1%。</blockquote></p><p>Coinbase (COIN) – The cryptocurrency exchange operator’s shares tumbled 7.8% in the premarket, reflecting the downward move in crypto over the weekend and this morning, with Bitcoin touching its lowest level since July. Microstrategy (MSTR) – the business analytics company that holds several billion dollars in bitcoin – plunged 12.2%.</p><p><blockquote>Coinbase(COIN)——这家加密货币交易所运营商的股价在盘前下跌7.8%，反映出周末和今天上午加密货币的下跌，比特币触及7月以来的最低水平。Microstrategy(MSTR)——持有数十亿美元比特币的商业分析公司——股价暴跌12.2%。</blockquote></p><p>Comcast (CMCSA) – The NBCUniversal and CNBC parent was upgraded to “outperform” from “sector perform” at RBC Capital, which thinks that subscriber growth concerns have been overblown. Comcast added 1.1% in the premarket.</p><p><blockquote>康卡斯特(CMCSA)——加拿大皇家银行资本(RBC Capital)将NBCUniversal和CNBC母公司的评级从“行业表现”上调至“跑赢大盘”，该公司认为对用户增长的担忧被夸大了。康卡斯特盘前上涨1.1%。</blockquote></p><p><b>Market News</b></p><p><blockquote><b>市场新闻</b></blockquote></p><p>Blackwells Capital to push stationary-bike maker to explore a sale, sources say. An activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.</p><p><blockquote>消息人士称，布莱克威尔资本将推动固定自行车制造商探索出售。随着增长放缓，这家固定自行车制造商的股价从高点暴跌超过80%，一位激进投资者希望Peloton Interactive Inc.解雇其首席执行官并考虑出售。</blockquote></p><p>American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain&#39;s departure.</p><p><blockquote>美国银行业巨头摩根大通周一表示，已将其大部分欧盟业务合并为德国的一个实体，寻求在英国脱欧后使其在欧盟的业务更具竞争力。</blockquote></p><p>U.S. department store Kohl&#39;s Corp may soon receive a second takeover offer as private equity firm. Sycamore Partners has reached out to Kohl&#39;s about a potential offer that would value the company around $9 billion, one source said. The firm is willing to pay at least $65 a share in cash for the company, the source said.</p><p><blockquote>美国百货公司Kohl's Corp可能很快就会收到作为私募股权公司的第二次收购要约。一位消息人士称，Sycamore Partners已与Kohl's就一项潜在收购要约进行了接触，该收购要约将使该公司估值约为90亿美元。消息人士称，该公司愿意为该公司支付每股至少65美元的现金。</blockquote></p><p>Accell Group, the maker of bicycle brands such as Sparta and Batavus, has agreed to an all-cash takeover by a consortium led by KKR that values the company at 1.56 billion euros ($1.77 billion), it said in a statement on Monday.</p><p><blockquote>Sparta和Batavus等自行车品牌的制造商Accell Group周一在一份声明中表示，已同意由KKR牵头的财团进行全现金收购，该财团对该公司的估值为15.6亿欧元（17.7亿美元）。</blockquote></p><p>Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers.</p><p><blockquote>永利度假村正寻求以大幅折扣出售其在线体育博彩业务，因为这个羽翼未丰的利基市场面临着高额税收和吸引顾客所需的昂贵促销活动带来的痛苦损失。</blockquote></p><p></p><p>A stake that Nelson Peltz’s activist hedge fund has built in Unilever Plc is adding to pressure on the Dove soap maker’s chief executive officer, Alan Jope, after Jope’s failed bid to buy a consumer-health unit from GlaxoSmithKline Plc.</p><p><blockquote>纳尔逊·佩尔茨(Nelson Peltz)的激进对冲基金在联合利华(Unilever Plc)收购葛兰素史克(GlaxoSmithKline Plc)的消费者健康部门失败后，持有联合利华(Unilever Plc)的股份增加了这家多芬肥皂制造商首席执行官艾伦·乔普(Alan Jope)的压力。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120647228","content_text":"U.S. stock index futures slid on Monday after a bruising selloff last week, as geopolitical tensions in Ukraine roiled risk appetite ahead of a Federal Reserve policy meeting later this week.Market SnapshotAt 08:31 a.m. ET, Dow e-minis were down 228 points, or 0.67%, S&P 500 e-minis were down 46.75 points, or 1.06%, and Nasdaq 100 e-minis were down 218.75 points, or 1.52%.Pre-Market MoversKohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share.Snap (SNAP) – Snap shares slid 5.3% in the premarket after it was downgraded to “neutral” from “outperform” at Wedbush, which sees various headwinds impacting the social media network operator’s revenue growth.Philips (PHG) – Philips slid 4.2% in premarket action after the Dutch health technology company reported falling profit due in part to supply chain issues that are expected to persist in coming months. Philips did predict a strong recovery in sales for the second half of the year.Peloton (PTON) – Activist investor Blackwells Capital is calling on Peloton to fire its CEO and seek a sale of the company. The fitness equipment maker’s stock is down more than 80% from its all-time high, as it struggles to deal with rapidly changing supply-and-demand dynamics. Peloton fell 2% in premarket trading.Halliburton (HAL) – Halliburton rose 1.5% in the premarket after the oilfield services company beat top and bottom line estimates for the fourth quarter. Halliburton earned 36 cents per share, 2 cents a share above estimates. Demand for the company’s services jumped as oil prices rose. Halliburton also raised its quarterly dividend to 12 cents per share from 4.5 cents a share.Unilever (UL) – Unilever surged 6.6% in the premarket following reports that Nelson Peltz’s Trian Partners has built up a stake in the consumer products giant. The size of the stake could not be determined, and Trian said it did not comment on market rumors when contacted by CNBC.Fox Corp. (FOXA) – Fox added 1.6% in premarket trading after UBS upgraded the stock to “buy” from “neutral.” UBS said among traditional media companies, Fox is among the best poised to benefit from an acceleration in sports betting, and also pointed to Fox’s strong position among pay-TV providers.Discover Financial (DFS) – Discover Financial was upgraded to “overweight” from “neutral” at Piper Sandler, which cites several factors including the financial services company’s valuation. Discover gained 1.1% in premarket trading.Coinbase (COIN) – The cryptocurrency exchange operator’s shares tumbled 7.8% in the premarket, reflecting the downward move in crypto over the weekend and this morning, with Bitcoin touching its lowest level since July. Microstrategy (MSTR) – the business analytics company that holds several billion dollars in bitcoin – plunged 12.2%.Comcast (CMCSA) – The NBCUniversal and CNBC parent was upgraded to “outperform” from “sector perform” at RBC Capital, which thinks that subscriber growth concerns have been overblown. Comcast added 1.1% in the premarket.Market NewsBlackwells Capital to push stationary-bike maker to explore a sale, sources say. An activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain's departure.U.S. department store Kohl's Corp may soon receive a second takeover offer as private equity firm. Sycamore Partners has reached out to Kohl's about a potential offer that would value the company around $9 billion, one source said. The firm is willing to pay at least $65 a share in cash for the company, the source said.Accell Group, the maker of bicycle brands such as Sparta and Batavus, has agreed to an all-cash takeover by a consortium led by KKR that values the company at 1.56 billion euros ($1.77 billion), it said in a statement on Monday.Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers.A stake that Nelson Peltz’s activist hedge fund has built in Unilever Plc is adding to pressure on the Dove soap maker’s chief executive officer, Alan Jope, after Jope’s failed bid to buy a consumer-health unit from GlaxoSmithKline Plc.","news_type":1,"symbols_score_info":{"YMmain":0.9,"ESmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":630268707,"gmtCreate":1642913585082,"gmtModify":1642913585405,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630268707","repostId":"2205024969","repostType":4,"isVote":1,"tweetType":1,"viewCount":2560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":630992523,"gmtCreate":1642656986704,"gmtModify":1642656986997,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630992523","repostId":"2204320050","repostType":4,"isVote":1,"tweetType":1,"viewCount":2637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":697971084,"gmtCreate":1642244714658,"gmtModify":1642244714923,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697971084","repostId":"1108262883","repostType":4,"repost":{"id":"1108262883","kind":"news","pubTimestamp":1642211411,"share":"https://www.laohu8.com/m/news/1108262883?lang=zh_CN&edition=full","pubTime":"2022-01-15 09:50","market":"us","language":"en","title":"Why Nio Stock Faces an Uphill Battle<blockquote>为什么蔚来股票面临一场艰苦的战斗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108262883","media":"InvestorPlace","summary":"Chinese automakerNio(NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO sto","content":"<p><div> Chinese automaker Nio(NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO ...</p><p><blockquote><div>中国汽车制造商蔚来（纽约证券交易所股票代码：蔚来）拥有多项优势，包括其创新的电池交换计划、显着的销售增长以及即将向多个海外市场扩张。然而，蔚来...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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 Nio Stock Faces an Uphill Battle<blockquote>为什么蔚来股票面临一场艰苦的战斗</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 Nio Stock Faces an Uphill Battle<blockquote>为什么蔚来股票面临一场艰苦的战斗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2022-01-15 09:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Chinese automaker Nio(NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO ...</p><p><blockquote><div>中国汽车制造商蔚来（纽约证券交易所股票代码：蔚来）拥有多项优势，包括其创新的电池交换计划、显着的销售增长以及即将向多个海外市场扩张。然而，蔚来...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2022/01/why-nio-stock-faces-an-uphill-battle/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108262883","content_text":"Chinese automaker Nio(NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO stock is down 50% in the past year.Maybe that’s because in the past several months, the company’s sales growth and financial results haven’t been all that impressive. Or perhaps it’s because the electric vehicle maker faces extremely tough competition from the likes of Xpeng(NYSE:XPEV),Li Auto(NASDAQ:LI) and Tesla(NASDAQ:TSLA). Nio also seems to be significantly behind a number of its rivals when it comes to autonomous driving.High Prices and Tough CompetitionOne thing that could hinder Nio going forward is the relatively high prices of its vehicles. The base prices for Nio’s EV lineup ranges from about $50,000 to roughly $70,000. Add in extras and customization and they can run upward of $80,000.NIO’s latest model, the ET7, will cost customers about$68,710 and $77,640depending on what battery pack they pick. And that’s after factoring in EV subsidies from the Chinese government.For comparison, Xpeng’s after-subsidy base prices range from $23,000 to $36,000, while Tesla’s cheapest Model 3starts at around $40,000.Nio also faces a great deal of competition at the higher end of the EV market from some famous and well-regarded brands including BMW(OTC:BMWYY), Audi, Lincoln and Mercedes.In China, where incomes are generally lower than in the U.S. and Western Europe, less expensive EVs have a much better chance of becoming bestsellers than their more costly peers. In the end, selling millions of EVs with, say, a 20% gross margin will prove more profitable than selling a few hundred thousand vehicles with, say, a 40% gross margin.Nio Appears To Be Falling Behind in Autonomous DrivingIt seems that Nio is well behind Xpeng and Tesla when it comes to autonomous driving. Last month, Barron’s reported: “NIO Autonomous Driving or NAD, as the company calls it, will maintain driving speeds and do some steering, but drivers still need to pay attention to the road at all times.” Doesn’t sound all that “autonomous” to me.Meanwhile, in October, Xpeng released its Xpilot 3.5 version of its advanced driver-assistance system. “The system allows Xpeng’s cars to change lanes, speed up or slow down, or overtake cars and enter and exit highways,” according to CNBC.And in November, Tesla started offering its Enhanced Autopilot system in China to some customers. According to Inside EVs, among the features offered by Tesla’s system are “Summon, Autopark, Auto Lane Change, and, most importantly, Navigate on Autopilot.”You don’t have to be an expert on autonomous vehicles to see that Nio is trailing Xpeng and Tesla in this area by a significant margin.Disappointing Sales Growth and Financial ResultsFor December, Nio reported that its deliveries had increased nearly 50%year over year to 10,489 EVs. That’s not terrible, but it was lower than the prior month’s 10,878 deliveries and a marked slowdown from November’s year-over-year growth of 106%.It also paled in comparison to its competitors’ December growth. XPeng delivered 16,000 vehicles in December, up 181% from a year ago and 2.5% from November. And Li Auto saw its deliveries hit 14,087 in December, up 4.5% over November and 130% year over year.Nio is expected to report fourth-quarter earnings next month. Management’s most recent guidance, released in November, of $1.46 billion to $1.56 billion fell short of analysts’ estimates of $1.75 billion. The consensus has since lowered its forecast, predicting Nio will earn $1.53 billion. That represents year-over-year growth of 49.5%, while full-year revenue is expected to increase 120% to $5.62 billion.If the company fails to meet or beat these numbers, NIO stock could sell off sharply.The Bottom Line on Nio StockNio faces tough competition in the Chinese EV market and appears to be falling behind its competitors in terms of growth. The high price of Nio’s vehicles compared with some of its rivals’ and its relatively slow progress when it comes to self-driving technologies could cost the company its edge.Shares are currently trading for five times analysts’ average 2022 revenue estimate, which could prove to be overly optimistic. NIO stock isn’t expensive for an EV name, but it isn’t cheap either. And that valuation appears to bake in a meaningful amount of sales growth for the automaker, both at home and overseas.I recommend investors avoid NIO stock at this point.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":694600014,"gmtCreate":1641939716962,"gmtModify":1641939717231,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/694600014","repostId":"1116515850","repostType":4,"isVote":1,"tweetType":1,"viewCount":1145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695770316,"gmtCreate":1641632811883,"gmtModify":1641632813225,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695770316","repostId":"2201219990","repostType":4,"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695569296,"gmtCreate":1641522030803,"gmtModify":1641522031031,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695569296","repostId":"1155717698","repostType":4,"repost":{"id":"1155717698","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":1641509210,"share":"https://www.laohu8.com/m/news/1155717698?lang=zh_CN&edition=full","pubTime":"2022-01-07 06:46","market":"us","language":"en","title":"Some Meme Stocks Popped in Aftermarket Trading<blockquote>一些模因股票在盘后交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155717698","media":"Tiger Newspress","summary":"Some meme stocks popped in aftermarket trading.Marin, GameStop, GameStop, AMC Entertainment, Koss, B","content":"<p><html><head></head><body>Some meme stocks popped in aftermarket trading.Marin, GameStop, GameStop, AMC Entertainment, Koss, Bed Bath &amp; Beyond and Naked Brands climbed between 4% and 33%.</p><p><blockquote><html><head></head><body>一些模因股票在盘后交易中上涨。Marin、游戏驿站、游戏驿站、AMC院线、Koss、Bed Bath&amp;Beyond和Naked Brands上涨4%至33%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/a612352b1c5762b0358276e0c171077b\" tg-width=\"411\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Meme Stocks Popped in Aftermarket Trading<blockquote>一些模因股票在盘后交易中上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSome Meme Stocks Popped in Aftermarket Trading<blockquote>一些模因股票在盘后交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-01-07 06:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Some meme stocks popped in aftermarket trading.Marin, GameStop, GameStop, AMC Entertainment, Koss, Bed Bath &amp; Beyond and Naked Brands climbed between 4% and 33%.</p><p><blockquote><html><head></head><body>一些模因股票在盘后交易中上涨。Marin、游戏驿站、游戏驿站、AMC院线、Koss、Bed Bath&amp;Beyond和Naked Brands上涨4%至33%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/a612352b1c5762b0358276e0c171077b\" tg-width=\"411\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","CLOV":"Clover Health Corp","AMC":"AMC院线","KOSS":"高斯电子","GME":"游戏驿站","BB":"黑莓","BBBY":"Bed Bath & Beyond, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155717698","content_text":"Some meme stocks popped in aftermarket trading.Marin, GameStop, GameStop, AMC Entertainment, Koss, Bed Bath & Beyond and Naked Brands climbed between 4% and 33%.","news_type":1,"symbols_score_info":{"CLOV":0.9,"MRIN":0.9,"KOSS":0.9,"BBBY":0.9,"NAKD":0.9,"WISH":0.9,"EXPR":0.9,"BB":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695606541,"gmtCreate":1641435022524,"gmtModify":1641435022786,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695606541","repostId":"1145850594","repostType":4,"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692454866,"gmtCreate":1641186945765,"gmtModify":1641186946026,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692454866","repostId":"1141662132","repostType":4,"repost":{"id":"1141662132","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":1641180276,"share":"https://www.laohu8.com/m/news/1141662132?lang=zh_CN&edition=full","pubTime":"2022-01-03 11:24","market":"us","language":"en","title":"SenseTime Shares Surged More Than 35% in Hong Kong<blockquote>商汤科技股价在香港飙升逾35%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141662132","media":"Tiger Newspress","summary":"Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a roc","content":"<p><html><head></head><body>Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh U.S. sanctions..</p><p><blockquote><html><head></head><body>中国人工智能巨头商汤科技股价在香港飙升逾35%，此前首次公开募股因担心美国新制裁而推迟。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/3126745015dca62d4266084436c4ea07\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Founded in 2014 by computer scientists, SenseTime specializes in AI-powered software that analyzes faces and images on an enormous scale and works with retailers and health-care researchers around the world.</p><p><blockquote>商汤科技于2014年由计算机科学家创立，专注于人工智能驱动的软件，可以大规模分析人脸和图像，并与世界各地的零售商和医疗保健研究人员合作。</blockquote></p><p>The firm has invested heavily in building super computers that can train client-facing AI models, an effort that’s set to pay off as the loss-making company scales up. Revenue in the six months ended June 30 nearly doubled to 1.65 billion yuan ($259 million), while net losses narrowed to 3.7 billion yuan from 5.3 billion yuan in the first half of 2020.</p><p><blockquote>该公司投入巨资建造可以训练面向客户的人工智能模型的超级计算机，随着这家亏损公司规模的扩大，这一努力将会得到回报。截至6月30日的六个月收入几乎翻了一番，达到16.5亿元人民币（2.59亿美元），净亏损从2020年上半年的53亿元人民币收窄至37亿元人民币。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SenseTime Shares Surged More Than 35% in Hong Kong<blockquote>商汤科技股价在香港飙升逾35%</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\">\nSenseTime Shares Surged More Than 35% in Hong Kong<blockquote>商汤科技股价在香港飙升逾35%</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\">2022-01-03 11:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh U.S. sanctions..</p><p><blockquote><html><head></head><body>中国人工智能巨头商汤科技股价在香港飙升逾35%，此前首次公开募股因担心美国新制裁而推迟。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/3126745015dca62d4266084436c4ea07\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Founded in 2014 by computer scientists, SenseTime specializes in AI-powered software that analyzes faces and images on an enormous scale and works with retailers and health-care researchers around the world.</p><p><blockquote>商汤科技于2014年由计算机科学家创立，专注于人工智能驱动的软件，可以大规模分析人脸和图像，并与世界各地的零售商和医疗保健研究人员合作。</blockquote></p><p>The firm has invested heavily in building super computers that can train client-facing AI models, an effort that’s set to pay off as the loss-making company scales up. Revenue in the six months ended June 30 nearly doubled to 1.65 billion yuan ($259 million), while net losses narrowed to 3.7 billion yuan from 5.3 billion yuan in the first half of 2020.</p><p><blockquote>该公司投入巨资建造可以训练面向客户的人工智能模型的超级计算机，随着这家亏损公司规模的扩大，这一努力将会得到回报。截至6月30日的六个月收入几乎翻了一番，达到16.5亿元人民币（2.59亿美元），净亏损从2020年上半年的53亿元人民币收窄至37亿元人民币。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00020":"商汤-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141662132","content_text":"Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh U.S. sanctions..Founded in 2014 by computer scientists, SenseTime specializes in AI-powered software that analyzes faces and images on an enormous scale and works with retailers and health-care researchers around the world.The firm has invested heavily in building super computers that can train client-facing AI models, an effort that’s set to pay off as the loss-making company scales up. Revenue in the six months ended June 30 nearly doubled to 1.65 billion yuan ($259 million), while net losses narrowed to 3.7 billion yuan from 5.3 billion yuan in the first half of 2020.","news_type":1,"symbols_score_info":{"00020":0.9}},"isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692275711,"gmtCreate":1641014618331,"gmtModify":1641014618599,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692275711","repostId":"2195485524","repostType":4,"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692841758,"gmtCreate":1640922952450,"gmtModify":1640922952759,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692841758","repostId":"1118989102","repostType":4,"repost":{"id":"1118989102","kind":"news","pubTimestamp":1640917848,"share":"https://www.laohu8.com/m/news/1118989102?lang=zh_CN&edition=full","pubTime":"2021-12-31 10:30","market":"us","language":"en","title":"NIO Stock: 2 Things to Know as the Short-Squeeze EV Play Makes Bears Cringe Today<blockquote>蔚来股票：电动汽车的空头挤压今天让空头畏缩，需要了解的两件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118989102","media":"InvestorPlace","summary":"What a week it’s been for Chinese electric vehicle (EV) companyNio(NYSE:NIO). Indeed, NIO stock opened the week around $30 per share, promptly sold off to around $27.50 yesterday, and has since risen ","content":"<p><div> What a week it’s been for Chinese electric vehicle (EV) company Nio(NYSE:NIO). Indeed, NIO stock opened the week around $30 per share, promptly sold off to around $27.50 yesterday, and has since risen...</p><p><blockquote><div>对于中国电动汽车（EV）公司蔚来（纽约证券交易所股票代码：蔚来）来说，这是多么美好的一周。事实上，蔚来股票本周开盘约为每股30美元，昨天迅速抛售至27.50美元左右，此后一直上涨...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Stock: 2 Things to Know as the Short-Squeeze EV Play Makes Bears Cringe Today<blockquote>蔚来股票：电动汽车的空头挤压今天让空头畏缩，需要了解的两件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Stock: 2 Things to Know as the Short-Squeeze EV Play Makes Bears Cringe Today<blockquote>蔚来股票：电动汽车的空头挤压今天让空头畏缩，需要了解的两件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-31 10:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> What a week it’s been for Chinese electric vehicle (EV) company Nio(NYSE:NIO). Indeed, NIO stock opened the week around $30 per share, promptly sold off to around $27.50 yesterday, and has since risen...</p><p><blockquote><div>对于中国电动汽车（EV）公司蔚来（纽约证券交易所股票代码：蔚来）来说，这是多么美好的一周。事实上，蔚来股票本周开盘约为每股30美元，昨天迅速抛售至27.50美元左右，此后一直上涨...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2021/12/nio-stock-2-things-to-know-as-the-short-squeeze-ev-play-makes-bears-cringe-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118989102","content_text":"What a week it’s been for Chinese electric vehicle (EV) company Nio(NYSE:NIO). Indeed, NIO stock opened the week around $30 per share, promptly sold off to around $27.50 yesterday, and has since risen to $32.42 per share today.These rather volatile moves on an otherwise slow and steady week on Wall Street suggest this is stock investors are really watching right now. Here are two factors investors may want to keep their eye on heading into the New Year.What to Watch for With NIO StockThis high-profile electric vehicle company has been in the news for a number of reasons this year. However, two key catalysts are among the factors supporting NIO stock in bull markets.First of all, it’s a China-based company, so that in and of itself provides a unique geopolitical risk for investors. Investors may be concerned about the regulatory backdrop for the EV sector, which appears to be less than friendly. Right now, most investors seem to think this geopolitical risk is lower with a company like Nio, given its stature as the “golden child” of the EV sector in China. Accordingly, whether this is positive or negative is up for interpretation.Secondly, Nio has become more aggressive in many key areas. The company’s international expansion plans have certainly picked up steam. Nio has also launched next-generation vehicles that could compete with top dogs such as Tesla(NASDAQ:TSLA). These strategic moves have certainly invited bulls to jump back on the NIO stock train heading into 2022.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698772309,"gmtCreate":1640567076101,"gmtModify":1640567189418,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"回复 <a href=\"https://laohu8.com/U/104247985887420\">@andylaufox</a>:yes//<a href=\"https://laohu8.com/U/104247985887420\">@andylaufox</a>:good","listText":"回复 <a href=\"https://laohu8.com/U/104247985887420\">@andylaufox</a>:yes//<a href=\"https://laohu8.com/U/104247985887420\">@andylaufox</a>:good","text":"回复 @andylaufox:yes//@andylaufox:good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698772309","repostId":"698609206","repostType":1,"repost":{"id":698609206,"gmtCreate":1640355566583,"gmtModify":1640402272487,"author":{"id":"3576751286524392","authorId":"3576751286524392","name":"贫民窟的大富翁本人","avatar":"https://static.tigerbbs.com/06a0d1c2e8b0e88dbe01857db0c3ddf8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576751286524392","idStr":"3576751286524392"},"themes":[],"title":"腾讯暴力减持京东背后是互联网行业逻辑的变迁","htmlText":"明明是一个大利空，腾讯却大涨大家好，我是大富翁。腾讯减持京东，在我看来原本是一个负面事件，但是腾讯股价却迎来大涨4.24%，今天梳理一下，主要三部分内容：微信的价值、京东的价值和腾讯减持京东的意义。第一部分、微信的价值是作为流量的平台，必须通过分发实现价值腾讯是通过微信和QQ这两个高频即时通软件汇聚流量，然后实现流量变现。变现的方式有游戏、广告、金融、零售等，从逻辑上讲，有了流量做什么都可以。但是每个公司有特定的基因，有些是腾讯擅长的，有些做不好，比如游戏腾讯就是自己做，这个细分行业的互联网属性很强，而在零售行业，微信多次尝试效果都不好，就通过投资的方式，用京东和拼多多等载体实现自己流量在零售行业的变现。根据腾讯官网的微视事业群组织架构，微信事业群旗下除了微信APP，还有企业微信、微信读书等产品。这些内部产品和外部投资的产品反过来又加强了微信作为流量汇聚平台的属性，两者互相强化，是非常好的生意。第二部分、特殊模式铸就护城河，京东收益消费升级淘宝和拼多多都是轻资产平台模式，搭建一个平台，各商家入驻，然后揽客，收取管理费和交易提成。而京东是自己开店的，自己销售产品。所以在京东上买自营产品，是消费者和京东进行交易，而淘宝和拼多多和消费者和商家进行交易。京东上面自营产品出现了品质问题和消费纠纷，会影响到整个京东集团，所以京东自营的品质更有保障。为了实现自营，那么京东就必须解决仓库和物流的问题，这是重资产行业，和淘宝、拼多多有明显区别。特点是前期投资大，见效慢，但是有规模优势，产能的发挥随着时间和网点的高频使用而效率提高，最重要的一点，这个模式有护城河。多快好省是零售业的四大关键，自建物流就是快、自营品质就是好，随着规模效益的提高，做到省也是可以的，多这方面可能比平台型企业就要差一点了。京东目前是年初的108跌到68，动态市盈率为26，贵不贵？要知道阿里巴巴才16倍。我们看数据：从利","listText":"明明是一个大利空，腾讯却大涨大家好，我是大富翁。腾讯减持京东，在我看来原本是一个负面事件，但是腾讯股价却迎来大涨4.24%，今天梳理一下，主要三部分内容：微信的价值、京东的价值和腾讯减持京东的意义。第一部分、微信的价值是作为流量的平台，必须通过分发实现价值腾讯是通过微信和QQ这两个高频即时通软件汇聚流量，然后实现流量变现。变现的方式有游戏、广告、金融、零售等，从逻辑上讲，有了流量做什么都可以。但是每个公司有特定的基因，有些是腾讯擅长的，有些做不好，比如游戏腾讯就是自己做，这个细分行业的互联网属性很强，而在零售行业，微信多次尝试效果都不好，就通过投资的方式，用京东和拼多多等载体实现自己流量在零售行业的变现。根据腾讯官网的微视事业群组织架构，微信事业群旗下除了微信APP，还有企业微信、微信读书等产品。这些内部产品和外部投资的产品反过来又加强了微信作为流量汇聚平台的属性，两者互相强化，是非常好的生意。第二部分、特殊模式铸就护城河，京东收益消费升级淘宝和拼多多都是轻资产平台模式，搭建一个平台，各商家入驻，然后揽客，收取管理费和交易提成。而京东是自己开店的，自己销售产品。所以在京东上买自营产品，是消费者和京东进行交易，而淘宝和拼多多和消费者和商家进行交易。京东上面自营产品出现了品质问题和消费纠纷，会影响到整个京东集团，所以京东自营的品质更有保障。为了实现自营，那么京东就必须解决仓库和物流的问题，这是重资产行业，和淘宝、拼多多有明显区别。特点是前期投资大，见效慢，但是有规模优势，产能的发挥随着时间和网点的高频使用而效率提高，最重要的一点，这个模式有护城河。多快好省是零售业的四大关键，自建物流就是快、自营品质就是好，随着规模效益的提高，做到省也是可以的，多这方面可能比平台型企业就要差一点了。京东目前是年初的108跌到68，动态市盈率为26，贵不贵？要知道阿里巴巴才16倍。我们看数据：从利","text":"明明是一个大利空，腾讯却大涨大家好，我是大富翁。腾讯减持京东，在我看来原本是一个负面事件，但是腾讯股价却迎来大涨4.24%，今天梳理一下，主要三部分内容：微信的价值、京东的价值和腾讯减持京东的意义。第一部分、微信的价值是作为流量的平台，必须通过分发实现价值腾讯是通过微信和QQ这两个高频即时通软件汇聚流量，然后实现流量变现。变现的方式有游戏、广告、金融、零售等，从逻辑上讲，有了流量做什么都可以。但是每个公司有特定的基因，有些是腾讯擅长的，有些做不好，比如游戏腾讯就是自己做，这个细分行业的互联网属性很强，而在零售行业，微信多次尝试效果都不好，就通过投资的方式，用京东和拼多多等载体实现自己流量在零售行业的变现。根据腾讯官网的微视事业群组织架构，微信事业群旗下除了微信APP，还有企业微信、微信读书等产品。这些内部产品和外部投资的产品反过来又加强了微信作为流量汇聚平台的属性，两者互相强化，是非常好的生意。第二部分、特殊模式铸就护城河，京东收益消费升级淘宝和拼多多都是轻资产平台模式，搭建一个平台，各商家入驻，然后揽客，收取管理费和交易提成。而京东是自己开店的，自己销售产品。所以在京东上买自营产品，是消费者和京东进行交易，而淘宝和拼多多和消费者和商家进行交易。京东上面自营产品出现了品质问题和消费纠纷，会影响到整个京东集团，所以京东自营的品质更有保障。为了实现自营，那么京东就必须解决仓库和物流的问题，这是重资产行业，和淘宝、拼多多有明显区别。特点是前期投资大，见效慢，但是有规模优势，产能的发挥随着时间和网点的高频使用而效率提高，最重要的一点，这个模式有护城河。多快好省是零售业的四大关键，自建物流就是快、自营品质就是好，随着规模效益的提高，做到省也是可以的，多这方面可能比平台型企业就要差一点了。京东目前是年初的108跌到68，动态市盈率为26，贵不贵？要知道阿里巴巴才16倍。我们看数据：从利","images":[{"img":"https://static.tigerbbs.com/c48a4f118b70a916c39c80cb9c943e1d","width":"587","height":"1271"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698609206","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691714219,"gmtCreate":1640243430436,"gmtModify":1640243430696,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691714219","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":883945450,"gmtCreate":1631198391670,"gmtModify":1631890243633,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883945450","repostId":"1109747974","repostType":4,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100753642,"gmtCreate":1619652212986,"gmtModify":1634211093196,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Wow, Excellent![财迷]&nbsp;","listText":"Wow, Excellent![财迷]&nbsp;","text":"Wow, Excellent![财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/100753642","repostId":"1137964402","repostType":4,"repost":{"id":"1137964402","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":1619651546,"share":"https://www.laohu8.com/m/news/1137964402?lang=zh_CN&edition=full","pubTime":"2021-04-29 07:12","market":"us","language":"en","title":"Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137964402","media":"Tiger Newspress","summary":"Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</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\">2021-04-29 07:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137964402","content_text":"KEY POINTSApple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.Here’s how Apple did versus Refinitiv estimates:EPS: $1.40 vs. $0.99 estimatedRevenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-yeariPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-yearServices revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over yearOther Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-yearMac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-yeariPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-yearGross margin: 42.5% vs. 39.8% estimatedApple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue guidance since the start of the pandemic, citing uncertainty. This is Apple’s second quarter in a row with double-digit growth in all product categories. Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.Apple has said in the past months that its business has been boosted by the pandemic as consumers and businesses bought computers to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies open up.Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us.”Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac laptops that used its own M1 chips for longer battery life, instead of processors sold by Intel. iPad sales were up nearly 79% year-over-year.Neither of those results include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.“We’re seeing strong first-time buyers on the Mac … it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that … it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.In greater China, which includes the mainland, Hong Kong, and Taiwan, Apple’s revenue increased over 87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic. Every other geographical category, including the Americas and Europe, were also up on an annual basis.Apple’s high-margin services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691714219,"gmtCreate":1640243430436,"gmtModify":1640243430696,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691714219","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":149141104,"gmtCreate":1625711156408,"gmtModify":1633938104346,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"EV, autonomous driving on the way","listText":"EV, autonomous driving on the way","text":"EV, autonomous driving on the 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yeah!!","listText":"Oh yeah!!","text":"Oh yeah!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691714618","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817328736,"gmtCreate":1630910463925,"gmtModify":1631890243657,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Feel missing","listText":"Feel missing","text":"Feel missing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817328736","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","kind":"news","pubTimestamp":1630885254,"share":"https://www.laohu8.com/m/news/1126654067?lang=zh_CN&edition=full","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?<blockquote>劳动节美股开市吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p><p><blockquote>对于华尔街投资者来说，这是非正式的夏季最后一次欢呼。</blockquote></p><p> U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p><p><blockquote>美国金融市场将于9月6日周一因劳动节休市，这标志着美国为期三天的周末，此前股市经历了一段非常壮观的走势。尽管人们担心冠状病毒德尔塔变异毒株的蔓延，并对美联储去年大流行开始时实施的宽松货币政策最终回滚的时间表感到不安，但股市还是出现了反弹。</blockquote></p><p> On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p><p><blockquote>周一，包括洲际交易所旗下的纽约证券交易所和纳斯达克在内的美国证券交易所将休市，因此不要寻找道琼斯工业平均指数、标准普尔500指数或纳斯达克综合指数等个股或指数的任何走势。</blockquote></p><p> The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p><p><blockquote>标普500在2021年已经创下了54个历史收盘新高，并有望在周五创下第55个历史新高，而纳斯达克综合指数有望创下今年第35个历史新高。周五下午，道琼斯指数较8月16日的纪录上涨了不到一个百分点。</blockquote></p><p> Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p><p><blockquote>证券行业固定收益贸易组织Sifma也建议债券市场在劳动节休市，包括10年期国债交易，在美国8月就业报告公布后，该国债收益率约为1.33%。低于预期。</blockquote></p><p> However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p><p><blockquote>然而，美国劳工部的就业报告显示，8月份新增就业岗位23.5万个，远低于预期的70多万个，但这未能降低主权债务投资者对美联储近期宣布缩减每月1200亿美元美国国债和抵押贷款支持证券购买规模的预期。</blockquote></p><p> Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p><p><blockquote>美国交易所的大多数商品期货交易，包括纽约商品交易所原油和纽约商品交易所黄金，也将于周一停止。</blockquote></p><p> Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p><p><blockquote>除了在美国度假和烧烤之外，这个假期对普通投资者还有什么意义吗？</blockquote></p><p> Probably not.</p><p><blockquote>应该不会吧。</blockquote></p><p> But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p><p><blockquote>但根据道琼斯市场数据，近年来，五月阵亡将士纪念日至九月劳动节期间对投资者来说是一段看涨的时期。例如，道琼斯指数在此期间上涨了约2%，平均涨幅为1.3%，65%的时间创造了上涨记录。在过去的六个阵亡将士纪念日/劳动节期间，道琼斯指数目前正在享受连胜，这是自1989年以来最长的连胜。去年，市场同期上涨了近15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p><p><blockquote>标普500也取得了类似的连胜，在阵亡将士纪念日至劳动节期间迄今为止已上涨近8%。过去几年同期上涨了70%以上，平均涨幅为1.7%。2020年期间，大盘指数上涨了16%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p><p><blockquote>但如果劳动节交易中存在真正的趋势，那么MarketWatch的Steve Goldstein援引Raymond James策略师Tavis McCourt的话说，在过去两年中，股市存在很大的价值和周期性偏差。节后股市，2018年，夏季接近尾声后市场基本崩溃。</blockquote></p><p> It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p><p><blockquote>不可能知道这一次股市涨势是否会以类似的方式逐渐消失，但华尔街越来越多的人认为估值过高，股指将从当前高度回调至少5%或更好。</blockquote></p><p> Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p><p><blockquote>市场将于周二恢复照常营业，当然，欧洲证券交易所，包括伦敦富时100指数和泛欧斯托克欧洲600指数，以及亚洲市场、日经225指数、香港恒生指数和上证综合指数。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nIs the U.S. stock market open on Labor Day?<blockquote>劳动节美股开市吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-06 07:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.</p><p><blockquote>对于华尔街投资者来说，这是非正式的夏季最后一次欢呼。</blockquote></p><p> U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p><p><blockquote>美国金融市场将于9月6日周一因劳动节休市，这标志着美国为期三天的周末，此前股市经历了一段非常壮观的走势。尽管人们担心冠状病毒德尔塔变异毒株的蔓延，并对美联储去年大流行开始时实施的宽松货币政策最终回滚的时间表感到不安，但股市还是出现了反弹。</blockquote></p><p> On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p><p><blockquote>周一，包括洲际交易所旗下的纽约证券交易所和纳斯达克在内的美国证券交易所将休市，因此不要寻找道琼斯工业平均指数、标准普尔500指数或纳斯达克综合指数等个股或指数的任何走势。</blockquote></p><p> The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p><p><blockquote>标普500在2021年已经创下了54个历史收盘新高，并有望在周五创下第55个历史新高，而纳斯达克综合指数有望创下今年第35个历史新高。周五下午，道琼斯指数较8月16日的纪录上涨了不到一个百分点。</blockquote></p><p> Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p><p><blockquote>证券行业固定收益贸易组织Sifma也建议债券市场在劳动节休市，包括10年期国债交易，在美国8月就业报告公布后，该国债收益率约为1.33%。低于预期。</blockquote></p><p> However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p><p><blockquote>然而，美国劳工部的就业报告显示，8月份新增就业岗位23.5万个，远低于预期的70多万个，但这未能降低主权债务投资者对美联储近期宣布缩减每月1200亿美元美国国债和抵押贷款支持证券购买规模的预期。</blockquote></p><p> Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p><p><blockquote>美国交易所的大多数商品期货交易，包括纽约商品交易所原油和纽约商品交易所黄金，也将于周一停止。</blockquote></p><p> Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p><p><blockquote>除了在美国度假和烧烤之外，这个假期对普通投资者还有什么意义吗？</blockquote></p><p> Probably not.</p><p><blockquote>应该不会吧。</blockquote></p><p> But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p><p><blockquote>但根据道琼斯市场数据，近年来，五月阵亡将士纪念日至九月劳动节期间对投资者来说是一段看涨的时期。例如，道琼斯指数在此期间上涨了约2%，平均涨幅为1.3%，65%的时间创造了上涨记录。在过去的六个阵亡将士纪念日/劳动节期间，道琼斯指数目前正在享受连胜，这是自1989年以来最长的连胜。去年，市场同期上涨了近15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p><p><blockquote>标普500也取得了类似的连胜，在阵亡将士纪念日至劳动节期间迄今为止已上涨近8%。过去几年同期上涨了70%以上，平均涨幅为1.7%。2020年期间，大盘指数上涨了16%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p><p><blockquote>但如果劳动节交易中存在真正的趋势，那么MarketWatch的Steve Goldstein援引Raymond James策略师Tavis McCourt的话说，在过去两年中，股市存在很大的价值和周期性偏差。节后股市，2018年，夏季接近尾声后市场基本崩溃。</blockquote></p><p> It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p><p><blockquote>不可能知道这一次股市涨势是否会以类似的方式逐渐消失，但华尔街越来越多的人认为估值过高，股指将从当前高度回调至少5%或更好。</blockquote></p><p> Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p><p><blockquote>市场将于周二恢复照常营业，当然，欧洲证券交易所，包括伦敦富时100指数和泛欧斯托克欧洲600指数，以及亚洲市场、日经225指数、香港恒生指数和上证综合指数。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"ICE":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813707882,"gmtCreate":1630242699246,"gmtModify":1704957386527,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Oh! Will that impact the sales?","listText":"Oh! Will that impact the sales?","text":"Oh! Will that impact the sales?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813707882","repostId":"1162964424","repostType":4,"repost":{"id":"1162964424","kind":"news","pubTimestamp":1630111098,"share":"https://www.laohu8.com/m/news/1162964424?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:38","market":"us","language":"en","title":"Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162964424","media":"TheStreet","summary":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.IPhone users thinking of upgrading their devices this year  should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.Bad news for consumers could be great news for Apple stock investors. If the price increase is con","content":"<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-08-28 08:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162964424","content_text":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.\nIPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.\nBad news for consumers could be great news for Apple stock investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.\nFigure 1: Apple's iPhone 12 Pro.\nWhat happened?\nThe iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.\nIt is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.\nFigure 2: iPhone 12 Pro on Apple's store.\nA quote from Jim Cramer\nOne of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.\nGenerally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that Mad Money’s Jim Cramer has made recently. Here is his quote:\n\n “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”\n\nThe impact to the P&L\nAre higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.\nHolding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.\nHowever, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.\nThe other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838790726,"gmtCreate":1629427375665,"gmtModify":1633684898512,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Both are good.","listText":"Both are good.","text":"Both are good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838790726","repostId":"1153219714","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891217937,"gmtCreate":1628391470629,"gmtModify":1633747435746,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Maybe, but not soon.","listText":"Maybe, but not soon.","text":"Maybe, but not soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891217937","repostId":"1159872041","repostType":4,"repost":{"id":"1159872041","kind":"news","pubTimestamp":1628385224,"share":"https://www.laohu8.com/m/news/1159872041?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:13","market":"us","language":"en","title":"Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159872041","media":"Motley Fool","summary":"Tesla deliveries more than doubled year over year in Q2.Rising demand for electric vehicles could benefit Tesla.Investors should exercise caution when it comes to analysts' price targets.It's been a wild year for Teslastock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.In February,Piper Sandler analys","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</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>Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</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\">\nTesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-08 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159872041","content_text":"Key Points\n\nTesla deliveries more than doubled year over year in Q2.\nRising demand for electric vehicles could benefit Tesla.\nInvestors should exercise caution when it comes to analysts' price targets.\n\nIt's been a wild year for Tesla(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.\nBut one analyst thinks the stock could take off.\n\"We still really like this stock.\"\nIn February,Piper Sandler analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.\nFollowing Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.\nFurther, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.\nOn Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.\nSo what gives?\nIf shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.\nThe issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.\nInvestors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.\nWhile a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150982267,"gmtCreate":1624882632759,"gmtModify":1633947576863,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Like it","listText":"Like it","text":"Like 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no!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/835928123","repostId":"2161758728","repostType":4,"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892987300,"gmtCreate":1628634423100,"gmtModify":1633745651131,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Excellent!","listText":"Excellent!","text":"Excellent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892987300","repostId":"2158746004","repostType":4,"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142315630,"gmtCreate":1626132373220,"gmtModify":1633929911894,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Oh oh","listText":"Oh oh","text":"Oh oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142315630","repostId":"2151530590","repostType":4,"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141230406,"gmtCreate":1625874105905,"gmtModify":1633936593469,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Yes, keep going","listText":"Yes, keep going","text":"Yes, keep going","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/141230406","repostId":"1104740942","repostType":4,"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190195555,"gmtCreate":1620604516977,"gmtModify":1634197844780,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[生气]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[生气]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","text":"$NIO Inc.(NIO)$[生气] [流泪] [流泪]","images":[{"img":"https://static.tigerbbs.com/92b2611af8b37b4d2f0906dac558f62d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/190195555","isVote":1,"tweetType":1,"viewCount":710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":106054255,"gmtCreate":1620080609677,"gmtModify":1634208089346,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Wow, exciting!","listText":"Wow, exciting!","text":"Wow, exciting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106054255","repostId":"1194616315","repostType":4,"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881813790,"gmtCreate":1631322806110,"gmtModify":1631890243633,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881813790","repostId":"1147045390","repostType":4,"repost":{"id":"1147045390","kind":"news","pubTimestamp":1631321547,"share":"https://www.laohu8.com/m/news/1147045390?lang=zh_CN&edition=full","pubTime":"2021-09-11 08:52","market":"us","language":"en","title":"Why Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147045390","media":"Barrons","summary":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple  to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%","content":"<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序中的购买提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商Epic Games提起的案件中，美国地区法官Yvonne Gonzalez Rogers发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里收取30%的提成。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪器SensorTower的数据显示，2020年，苹果从App Store获得的总收入为723亿美元，产生的费用估计为217亿美元，约占苹果总收入的7%。其中包括在美国的210亿美元支出，产生约63亿美元的费用，约占年收入的2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower估计，2020年App Store中的手机游戏支出为476亿美元，产生143亿美元的费用，略低于苹果总收入的5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司Loup Capital董事总经理、长期跟踪苹果的前卖方分析师吉恩·蒙斯特(Gene Munster)估计，App Store约占该公司利润的14%。但他认为周五裁决的风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>蒙斯特认为大多数应用程序开发人员将留在苹果系统内。他认为整体收入“最多”会受到2%的阻力，利润可能会受到4%的打击。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“在这些变化的第一年之后，app store的增长率将恢复正常，”他说。“最重要的是，这最多是一年的逆风，不会改变苹果未来5年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI分析师Amit Daryanani在一份研究报告中表示，这一裁决对苹果来说是一次挫折，但鉴于苹果有其他方式从商店创收，包括其不断增长的店内广告业务，最终的影响可能是可控的。他指出，苹果实际上在该案中的一个更大问题上取得了胜利：法官驳回了Epic关于App Store是非法垄断的主张。Daryanani估计苹果每股收益面临的风险为2%至4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>Wedbush分析师Dan Ives告诉<i>巴伦周刊</i>他认为最坏的情况是收入受到3%至4%的打击，并将这种风险描述为“舍入误差”。虽然Ives表示，华尔街原本预计苹果会全面获胜，但这一喜忧参半的决定消除了该股的悬念，投资者可能会因为解决这个问题而松一口气。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他表示，这一裁决对Spotify Technology和Match Group等公司来说更多的是积极的，而不是对苹果的负面影响。苹果股价周五下跌3.3%，至148.97美元，Spotify和March分别上涨0.7%和4.</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</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 Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-11 08:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序中的购买提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商Epic Games提起的案件中，美国地区法官Yvonne Gonzalez Rogers发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里收取30%的提成。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪器SensorTower的数据显示，2020年，苹果从App Store获得的总收入为723亿美元，产生的费用估计为217亿美元，约占苹果总收入的7%。其中包括在美国的210亿美元支出，产生约63亿美元的费用，约占年收入的2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower估计，2020年App Store中的手机游戏支出为476亿美元，产生143亿美元的费用，略低于苹果总收入的5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司Loup Capital董事总经理、长期跟踪苹果的前卖方分析师吉恩·蒙斯特(Gene Munster)估计，App Store约占该公司利润的14%。但他认为周五裁决的风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>蒙斯特认为大多数应用程序开发人员将留在苹果系统内。他认为整体收入“最多”会受到2%的阻力，利润可能会受到4%的打击。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“在这些变化的第一年之后，app store的增长率将恢复正常，”他说。“最重要的是，这最多是一年的逆风，不会改变苹果未来5年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI分析师Amit Daryanani在一份研究报告中表示，这一裁决对苹果来说是一次挫折，但鉴于苹果有其他方式从商店创收，包括其不断增长的店内广告业务，最终的影响可能是可控的。他指出，苹果实际上在该案中的一个更大问题上取得了胜利：法官驳回了Epic关于App Store是非法垄断的主张。Daryanani估计苹果每股收益面临的风险为2%至4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>Wedbush分析师Dan Ives告诉<i>巴伦周刊</i>他认为最坏的情况是收入受到3%至4%的打击，并将这种风险描述为“舍入误差”。虽然Ives表示，华尔街原本预计苹果会全面获胜，但这一喜忧参半的决定消除了该股的悬念，投资者可能会因为解决这个问题而松一口气。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他表示，这一裁决对Spotify Technology和Match Group等公司来说更多的是积极的，而不是对苹果的负面影响。苹果股价周五下跌3.3%，至148.97美元，Spotify和March分别上涨0.7%和4.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147045390","content_text":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.\nIn a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.\nData from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.\nSensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.\nGene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.\nMunster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.\n“After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”\nEvercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.\nWedbush analyst Dan Ives told Barron’s he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.\nThe ruling is more a positive for companies like Spotify Technology and Match Group than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97 on Friday, while Spotify and March gained 0.7% and 4.2%, respectively.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812990427,"gmtCreate":1630544843369,"gmtModify":1632473583311,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572043809285615","idStr":"3572043809285615"},"themes":[],"htmlText":"Yeah! Keep going.","listText":"Yeah! Keep going.","text":"Yeah! Keep going.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812990427","repostId":"2164481914","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}