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June_C

June_C

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2021-11-16

Power dump yields

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2021-08-08

Wooo

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2021-08-10

Rock NIO

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2021-11-18

That's bad

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2021-11-17

Baidu power [Miser]

Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>百度凭借强劲的广告销售和人工智能超出季度收入预期</blockquote>

2021-09-30

Wooo.. great

Alternative-Milk Company Perfect Day Raises $350 Million, Prepares for IPO<blockquote>替代牛奶公司 Perfect Day 筹集 3.5 亿美元，准备 IPO</blockquote>

2021-09-29

Good

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2021-09-20

Gg

Savvy stock traders use these 2 insider tips to know when to buy and sell<blockquote>精明的股票交易者使用这 2 个内部提示来了解何时买卖</blockquote>

2021-09-15

Gg

U.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>

2021-08-06

Cheap cheap

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Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and","content":"<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要活动将是美联储利率制定委员会 2021 年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减规模的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但将包括周二的金宝汤；Lenner、埃森哲、联邦快递、Rivian Automotive 和 Adobe 周四；周五的达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的 11 月份生产者价格指数。经济学家预计总体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都将大致与 10 月份的生产者通胀率持平。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他数据还包括周二公布的全国独立企业联合会（National Federation of Independent Businesses）的情绪指数、周三公布的人口普查局（Census Bureau）的 11 月份零售销售支出以及周四公布的 11 月份房屋开工数据。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>12/13星期一</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill 和 PHX Minerals 在评级举办盈利会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二 12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>Campbell Soup、Barnes Group 和 Avaya Holdings 举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布了11月份的生产者价格指数。普遍预计环比上涨 0.55%，不包括食品和能源的核心 PPI 将上涨 0.4%。相比之下，10 月份分别增长了 0.6% 和 0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5000名小企业主。看涨期权的预期读数为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>12/15星期三</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束为期两天的会议，政策制定者将讨论加快逐步减少每月证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>BLS报告</b>11月份进出口价格数据。预计出口价格将环比上涨 0.5%，而进口价格将上涨 0.5%。相比之下，10 月份的涨幅分别为 1.5% 和 1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>住宅建筑商发布了12月份的NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11 月份零售支出报告。经季节性调整后，预计零售额环比增长 0.7%，而 10 月份为 1.7%。不包括汽车，支出预计增长 0.8%，而上一时期为 1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四 12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、埃森哲、联邦快递、捷普、Adobe、Rivian汽车和诺信等公司在评级举办了财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。经季节性调整后的新屋开工率预计为156.3万套，而10月份为152万套。当房屋开始挖掘时，房屋开始计算。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议纪要。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继 10 月份上涨 1.6% 之后，经济学家预计上涨 0.6%。产能利用率预计为 76.8%，与 10 月份的 76.4% 大致持平。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>12/17星期五</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants 和 Quanex Building Products 在评级举办财报会议。</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>Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、FedEx、Lenner、Campbell Soup 和本周值得关注的其他股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、FedEx、Lenner、Campbell Soup 和本周值得关注的其他股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 06:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要活动将是美联储利率制定委员会 2021 年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减规模的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但将包括周二的金宝汤；Lenner、埃森哲、联邦快递、Rivian Automotive 和 Adobe 周四；周五的达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的 11 月份生产者价格指数。经济学家预计总体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都将大致与 10 月份的生产者通胀率持平。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他数据还包括周二公布的全国独立企业联合会（National Federation of Independent Businesses）的情绪指数、周三公布的人口普查局（Census Bureau）的 11 月份零售销售支出以及周四公布的 11 月份房屋开工数据。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>12/13星期一</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill 和 PHX Minerals 在评级举办盈利会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二 12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>Campbell Soup、Barnes Group 和 Avaya Holdings 举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布了11月份的生产者价格指数。普遍预计环比上涨 0.55%，不包括食品和能源的核心 PPI 将上涨 0.4%。相比之下，10 月份分别增长了 0.6% 和 0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5000名小企业主。看涨期权的预期读数为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>12/15星期三</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束为期两天的会议，政策制定者将讨论加快逐步减少每月证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>BLS报告</b>11月份进出口价格数据。预计出口价格将环比上涨 0.5%，而进口价格将上涨 0.5%。相比之下，10 月份的涨幅分别为 1.5% 和 1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>住宅建筑商发布了12月份的NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11 月份零售支出报告。经季节性调整后，预计零售额环比增长 0.7%，而 10 月份为 1.7%。不包括汽车，支出预计增长 0.8%，而上一时期为 1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四 12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、埃森哲、联邦快递、捷普、Adobe、Rivian汽车和诺信等公司在评级举办了财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。经季节性调整后的新屋开工率预计为156.3万套，而10月份为152万套。当房屋开始挖掘时，房屋开始计算。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议纪要。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继 10 月份上涨 1.6% 之后，经济学家预计上涨 0.6%。产能利用率预计为 76.8%，与 10 月份的 76.4% 大致持平。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>12/17星期五</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants 和 Quanex Building Products 在评级举办财报会议。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3\">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":{".IXIC":"NASDAQ Composite","RIVN":"Rivian Automotive, Inc.","DRI":"达登饭店","LEN":"莱纳建筑公司","CPB":"金宝汤","JILL":"J.Jill Inc.",".SPX":"S&P 500 Index","ACN":"埃森哲","HEI":"海科航空",".DJI":"道琼斯","PHX":"潘汉德尔油气","ADBE":"Adobe","FDX":"联邦快递"},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171271872","content_text":"The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.\nThe Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.\nEarnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and Darden Restaurants on Friday.\nEconomic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.\nOther data releases include the National Federation of Independent Businesses’ sentiment index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.\nMonday 12/13\nJ.Jill and PHX Minerals host earnings conference calls.\nTuesday 12/14\nCampbell Soup, Barnes Group, and Avaya Holdings host investor days.\nThe Bureau of Labor Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.\nThe National Federation of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.\nWednesday 12/15\nThe Federal Open Market Committee concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.\nThe BLS reports export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.\nThe National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.\nThe Census Bureau reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.\nThursday 12/16\nHeico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.\nThe Census Bureaureleases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.\nThe Bank of England announces its interest-rate decision and publishes the minutes of the meeting.\nThe Federal Reserve releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.\nFriday 12/17\nSteelcase,Darden Restaurants, and Quanex Building Products host earnings conference calls.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,"JILL":0.9,".IXIC":0.9,"CPB":0.9,"AVYA":0.9,"HEI":0.9,"PHX":0.9,"RIVN":0.9,".SPX":0.9,".DJI":0.9,"DRI":0.9,"LEN":0.9,"ACN":0.9,"SCS":0.9}},"isVote":1,"tweetType":1,"viewCount":3469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604263515,"gmtCreate":1639404132948,"gmtModify":1639404359999,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604263515","repostId":"1161576842","repostType":4,"repost":{"id":"1161576842","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":1639400492,"share":"https://www.laohunote.com/m/news/1161576842?lang=zh_CN&edition=full","pubTime":"2021-12-13 21:01","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161576842","media":"Tiger Newspress","summary":"U.S. stock-index futures pointed to muted gains for major indexes ahead of a busy week of central-ba","content":"<p>U.S.&nbsp;stock-index futures pointed to muted gains for major indexes ahead of a busy week of central-bank decisions in major economies.</p><p><blockquote>在主要经济体央行做出繁忙决策的一周之前，美国股指期货显示主要股指涨幅温和。</blockquote></p><p> At 8:00 a.m. ET, S&amp;P 500 e-minis were up 11.25 points, or 0.24%, Nasdaq 100 e-minis were up 67 points, or 0.41%, and Dow e-minis were up 24 points, or 0.07%.<img src=\"https://static.tigerbbs.com/2db870f3d308c4d0618dd8c4333e65dd\" tg-width=\"1080\" tg-height=\"383\" referrerpolicy=\"no-referrer\">The key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.</p><p><blockquote>美国东部时间上午 8:00，标普500电子迷你指数上涨 11.25 点，涨幅 0.24%，纳斯达克 100 电子迷你指数上涨 67 点，涨幅 0.41%，道琼斯电子迷你指数上涨 24 点，涨幅 0.07%。关键的通胀数据是在美联储本周召开为期两天的政策会议之前公布的，预计政策制定者将在会上讨论加快结束债券购买计划的问题。</blockquote></p><p> Fed Chair Jerome Powell, as well as&nbsp;a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.</p><p><blockquote>美联储主席杰罗姆·鲍威尔以及众多美联储发言人最近都表示，美联储可能会比目前 2022 年 6 月的时间表提前结束每月 1200 亿美元的债券购买计划。</blockquote></p><p> “We believe markets can continue to&nbsp;take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.</p><p><blockquote>“瑞银全球财富管理公司（UBS Global Wealth Management）首席投资官马克-海费勒（Mark Haefele）表示：”我们认为，市场可以继续从容应对较高的通胀数据，尽管额外的波动仍然是一个风险。由于美联储的政策保持相对宽松，股市的背景仍然是积极的，我们看好全球增长的赢家。</blockquote></p><p> As of Sunday, the&nbsp;U.S. was approaching&nbsp;800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.</p><p><blockquote>截至周日，美国与冠状病毒相关的死亡人数接近 80 万。这种新变种促使一些政府官员恢复卫生限制，以减缓传播。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a></b>– The motorcycle maker’s stock surged 11.7% in the premarket after it announced that it is merging its “Livewire” electric motorcycle unit with a special purpose acquisition company. Livewire will have an enterprise value of about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol “LVW.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HOG\">哈雷戴维森</a></b>- 这家摩托车制造商宣布将其 “Livewire ”电动摩托车部门与一家特殊目的收购公司合并后，其股价在盘前飙升 11.7%。Livewire 的企业价值约为 18 亿美元，将在纽约证券交易所交易，股票代码为 “LVW ”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PFE\">Pfizer</a>,<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> </b>– <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> rose 1.4% in the premarket while <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> jumped 4.4% after&nbsp;a new Israeli study&nbsp;showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant. <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>’s pre-market gains were trimmed following news of its deal to acquire Arena Pharmaceuticals.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>,<a href=\"https://laohu8.com/S/BNTX\">生物科技公司</a></b>–<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>盘前上涨 1.4%<a href=\"https://laohu8.com/S/BNTX\">生物科技公司</a>以色列一项新的研究表明，他们的 Covid-19 疫苗加强注射可有效预防奥密克戎变种引起的严重疾病，股价上涨 4.4%。<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>在收购 Arena Pharmaceuticals 的消息传出后，该公司的盘前涨幅有所缩减。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ARNA\">Arena Pharmaceuticals</a> </b>– The drugmaker&nbsp;agreed to be acquired by <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>&nbsp;for $100 per share in cash, or about $6.7 billion. Arena soared 93.1% in premarket trading following news of the transaction.</p><p><blockquote><b><a href=\"https://laohu8.com/S/ARNA\">竞技场制药</a></b>– 制药商同意由<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>每股 100 美元现金，约合 67 亿美元。交易消息传出后，Arena 在盘前交易中飙升 93.1%。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PTON\">Peloton Interactive, Inc.</a></b> – The fitness equipment maker rebounded 2.6% in premarket action after falling 7% over the past three sessions. Pelotonreleased an ad&nbsp;featuring actor Chris Noth promoting the value of the company’s equipment, after his character’s death in the “Sex and the City” reboot following a Peloton ride.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PTON\">佩洛顿互动公司。</a></b>– 这家健身器材制造商在过去三个交易日下跌 7% 后，在盘前反弹 2.6%。Peloton 发布了一则广告，由演员克里斯-诺斯（Chris Noth）主演，宣传公司设备的价值。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> </b>– The discount retailer’s stock fell 1% in premarket trading after activist investor Mantle Ridge announced its intention to try to replace the entire Dollar Tree board. Dollar Tree called the move “unwarrantedly aggressive” and said it had offered to explore a settlement with Mantle Ridge, which owns 5.7% of Dollar Tree.</p><p><blockquote><b><a href=\"https://laohu8.com/S/DLTR\">美元树</a></b>- 在激进投资者 Mantle Ridge 宣布打算尝试更换整个 Dollar Tree board 后，这家折扣零售商的股价在盘前交易中下跌了 1%。Dollar Tree 称此举 “毫无根据地咄咄逼人”，并表示已提出探索与拥有 Dollar Tree 5.7% 股份的 Mantle Ridge 达成和解。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>– <a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.1% in the premarket after J.P. Morgan Securities raised its price target for the stock to a Street-high of $210 per share from $180 a share, and reiterated it as a top pick going into 2022.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>–<a href=\"https://laohu8.com/S/AAPL\">苹果</a>摩根大通证券将该股目标价从每股 180 美元上调至每股 210 美元的华尔街高点，并重申该股是 2022 年的首选，盘前上涨 1.1%。</blockquote></p><p> Nasdaq-100 additions – Stocks being added to the index as of Monday, December 20, rose in premarket trading following news of their inclusion. The stocks include&nbsp;<b><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></b>, up 2.7%;<b><a href=\"https://laohu8.com/S/ABNB\">Airbnb, Inc.</a></b> , up 2.1%;<b><a href=\"https://laohu8.com/S/FTNT\">Fortinet</a></b> , up 3.7%;<b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b>, up 5.9%;<b><a href=\"https://laohu8.com/S/ZS\">Zscaler Inc.</a></b>, up 3.4%; and&nbsp;<b><a href=\"https://laohu8.com/S/DDOG\">Datadog</a></b>, up 3.1%.</p><p><blockquote>纳斯达克100指数新增——截至12月20日星期一，被纳入指数的股票在被纳入的消息传出后，在盘前交易中上涨。股票包括<b><a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a></b>，上涨2.7%；<b><a href=\"https://laohu8.com/S/ABNB\">爱彼迎公司。</a></b>，上涨2.1%；<b><a href=\"https://laohu8.com/S/FTNT\">堡垒</a></b>，上涨3.7%；<b><a href=\"https://laohu8.com/S/LCID\">Lucid集团公司</a></b>，上涨5.9%；<b><a href=\"https://laohu8.com/S/ZS\">Zscaler公司。</a></b>，上涨3.4%；和<b><a href=\"https://laohu8.com/S/DDOG\">数据狗</a></b>，上升3.1%。</blockquote></p><p> Nasdaq-100 subtractions – Stocks being replaced in the Nasdaq-100 include&nbsp;<b><a href=\"https://laohu8.com/S/CDW\">CDW Corp</a></b> , down 1.8% in the premarket;<b><a href=\"https://laohu8.com/S/FOXA\">Fox Corporation Class A</a></b> , down 2.2%;<b><a href=\"https://laohu8.com/S/CERN\">Cerner</a></b> , down 1.8%;<b><a href=\"https://laohu8.com/S/CHKP\">Check Point</a></b> , down 1.1%;<b><a href=\"https://laohu8.com/S/TCOM\">Trip.com Group Limited</a></b> , down 1.2%; and&nbsp;<b><a href=\"https://laohu8.com/S/INCY\">Incyte</a></b>, down 0.6%.</p><p><blockquote>纳斯达克 100 减法 – 纳斯达克 100 中被替换的股票包括<b><a href=\"https://laohu8.com/S/CDW\">CDW公司</a></b>盘前下跌1.8%；<b><a href=\"https://laohu8.com/S/FOXA\">福克斯公司A级</a></b>，下降2.2%；<b><a href=\"https://laohu8.com/S/CERN\">塞纳</a></b>，下降1.8%；<b><a href=\"https://laohu8.com/S/CHKP\">检查点</a></b>，下降1.1%；<b><a href=\"https://laohu8.com/S/TCOM\">携程网集团有限公司</a></b>，下降1.2%；和<b><a href=\"https://laohu8.com/S/INCY\">因西特</a></b>，下降0.6%。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – The electric vehicle maker’s stock rose 1.9% in the premarket following news that its R1T had been named&nbsp;Motor Trend’s truck of the year, beating out entries from Ford, GM and Hyundai.</p><p><blockquote><b><a href=\"https://laohu8.com/S/RIVN\">Rivian汽车公司。</a></b>- 这家电动汽车制造商的股价在盘前上涨了 1.9%，此前该公司的 R1T 被 Motor Trend 评为年度卡车，击败了福特、通用汽车和现代汽车。</blockquote></p><p></p>","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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 21:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S.&nbsp;stock-index futures pointed to muted gains for major indexes ahead of a busy week of central-bank decisions in major economies.</p><p><blockquote>在主要经济体央行做出繁忙决策的一周之前，美国股指期货显示主要股指涨幅温和。</blockquote></p><p> At 8:00 a.m. ET, S&amp;P 500 e-minis were up 11.25 points, or 0.24%, Nasdaq 100 e-minis were up 67 points, or 0.41%, and Dow e-minis were up 24 points, or 0.07%.<img src=\"https://static.tigerbbs.com/2db870f3d308c4d0618dd8c4333e65dd\" tg-width=\"1080\" tg-height=\"383\" referrerpolicy=\"no-referrer\">The key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.</p><p><blockquote>美国东部时间上午 8:00，标普500电子迷你指数上涨 11.25 点，涨幅 0.24%，纳斯达克 100 电子迷你指数上涨 67 点，涨幅 0.41%，道琼斯电子迷你指数上涨 24 点，涨幅 0.07%。关键的通胀数据是在美联储本周召开为期两天的政策会议之前公布的，预计政策制定者将在会上讨论加快结束债券购买计划的问题。</blockquote></p><p> Fed Chair Jerome Powell, as well as&nbsp;a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.</p><p><blockquote>美联储主席杰罗姆·鲍威尔以及众多美联储发言人最近都表示，美联储可能会比目前 2022 年 6 月的时间表提前结束每月 1200 亿美元的债券购买计划。</blockquote></p><p> “We believe markets can continue to&nbsp;take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.</p><p><blockquote>“瑞银全球财富管理公司（UBS Global Wealth Management）首席投资官马克-海费勒（Mark Haefele）表示：”我们认为，市场可以继续从容应对较高的通胀数据，尽管额外的波动仍然是一个风险。由于美联储的政策保持相对宽松，股市的背景仍然是积极的，我们看好全球增长的赢家。</blockquote></p><p> As of Sunday, the&nbsp;U.S. was approaching&nbsp;800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.</p><p><blockquote>截至周日，美国与冠状病毒相关的死亡人数接近 80 万。这种新变种促使一些政府官员恢复卫生限制，以减缓传播。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a></b>– The motorcycle maker’s stock surged 11.7% in the premarket after it announced that it is merging its “Livewire” electric motorcycle unit with a special purpose acquisition company. Livewire will have an enterprise value of about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol “LVW.”</p><p><blockquote><b><a href=\"https://laohu8.com/S/HOG\">哈雷戴维森</a></b>- 这家摩托车制造商宣布将其 “Livewire ”电动摩托车部门与一家特殊目的收购公司合并后，其股价在盘前飙升 11.7%。Livewire 的企业价值约为 18 亿美元，将在纽约证券交易所交易，股票代码为 “LVW ”。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PFE\">Pfizer</a>,<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> </b>– <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> rose 1.4% in the premarket while <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> jumped 4.4% after&nbsp;a new Israeli study&nbsp;showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant. <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>’s pre-market gains were trimmed following news of its deal to acquire Arena Pharmaceuticals.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>,<a href=\"https://laohu8.com/S/BNTX\">生物科技公司</a></b>–<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>盘前上涨 1.4%<a href=\"https://laohu8.com/S/BNTX\">生物科技公司</a>以色列一项新的研究表明，他们的 Covid-19 疫苗加强注射可有效预防奥密克戎变种引起的严重疾病，股价上涨 4.4%。<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>在收购 Arena Pharmaceuticals 的消息传出后，该公司的盘前涨幅有所缩减。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/ARNA\">Arena Pharmaceuticals</a> </b>– The drugmaker&nbsp;agreed to be acquired by <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>&nbsp;for $100 per share in cash, or about $6.7 billion. Arena soared 93.1% in premarket trading following news of the transaction.</p><p><blockquote><b><a href=\"https://laohu8.com/S/ARNA\">竞技场制药</a></b>– 制药商同意由<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>每股 100 美元现金，约合 67 亿美元。交易消息传出后，Arena 在盘前交易中飙升 93.1%。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/PTON\">Peloton Interactive, Inc.</a></b> – The fitness equipment maker rebounded 2.6% in premarket action after falling 7% over the past three sessions. Pelotonreleased an ad&nbsp;featuring actor Chris Noth promoting the value of the company’s equipment, after his character’s death in the “Sex and the City” reboot following a Peloton ride.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PTON\">佩洛顿互动公司。</a></b>– 这家健身器材制造商在过去三个交易日下跌 7% 后，在盘前反弹 2.6%。Peloton 发布了一则广告，由演员克里斯-诺斯（Chris Noth）主演，宣传公司设备的价值。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> </b>– The discount retailer’s stock fell 1% in premarket trading after activist investor Mantle Ridge announced its intention to try to replace the entire Dollar Tree board. Dollar Tree called the move “unwarrantedly aggressive” and said it had offered to explore a settlement with Mantle Ridge, which owns 5.7% of Dollar Tree.</p><p><blockquote><b><a href=\"https://laohu8.com/S/DLTR\">美元树</a></b>- 在激进投资者 Mantle Ridge 宣布打算尝试更换整个 Dollar Tree board 后，这家折扣零售商的股价在盘前交易中下跌了 1%。Dollar Tree 称此举 “毫无根据地咄咄逼人”，并表示已提出探索与拥有 Dollar Tree 5.7% 股份的 Mantle Ridge 达成和解。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>– <a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.1% in the premarket after J.P. Morgan Securities raised its price target for the stock to a Street-high of $210 per share from $180 a share, and reiterated it as a top pick going into 2022.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>–<a href=\"https://laohu8.com/S/AAPL\">苹果</a>摩根大通证券将该股目标价从每股 180 美元上调至每股 210 美元的华尔街高点，并重申该股是 2022 年的首选，盘前上涨 1.1%。</blockquote></p><p> Nasdaq-100 additions – Stocks being added to the index as of Monday, December 20, rose in premarket trading following news of their inclusion. The stocks include&nbsp;<b><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></b>, up 2.7%;<b><a href=\"https://laohu8.com/S/ABNB\">Airbnb, Inc.</a></b> , up 2.1%;<b><a href=\"https://laohu8.com/S/FTNT\">Fortinet</a></b> , up 3.7%;<b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b>, up 5.9%;<b><a href=\"https://laohu8.com/S/ZS\">Zscaler Inc.</a></b>, up 3.4%; and&nbsp;<b><a href=\"https://laohu8.com/S/DDOG\">Datadog</a></b>, up 3.1%.</p><p><blockquote>纳斯达克100指数新增——截至12月20日星期一，被纳入指数的股票在被纳入的消息传出后，在盘前交易中上涨。股票包括<b><a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a></b>，上涨2.7%；<b><a href=\"https://laohu8.com/S/ABNB\">爱彼迎公司。</a></b>，上涨2.1%；<b><a href=\"https://laohu8.com/S/FTNT\">堡垒</a></b>，上涨3.7%；<b><a href=\"https://laohu8.com/S/LCID\">Lucid集团公司</a></b>，上涨5.9%；<b><a href=\"https://laohu8.com/S/ZS\">Zscaler公司。</a></b>，上涨3.4%；和<b><a href=\"https://laohu8.com/S/DDOG\">数据狗</a></b>，上升3.1%。</blockquote></p><p> Nasdaq-100 subtractions – Stocks being replaced in the Nasdaq-100 include&nbsp;<b><a href=\"https://laohu8.com/S/CDW\">CDW Corp</a></b> , down 1.8% in the premarket;<b><a href=\"https://laohu8.com/S/FOXA\">Fox Corporation Class A</a></b> , down 2.2%;<b><a href=\"https://laohu8.com/S/CERN\">Cerner</a></b> , down 1.8%;<b><a href=\"https://laohu8.com/S/CHKP\">Check Point</a></b> , down 1.1%;<b><a href=\"https://laohu8.com/S/TCOM\">Trip.com Group Limited</a></b> , down 1.2%; and&nbsp;<b><a href=\"https://laohu8.com/S/INCY\">Incyte</a></b>, down 0.6%.</p><p><blockquote>纳斯达克 100 减法 – 纳斯达克 100 中被替换的股票包括<b><a href=\"https://laohu8.com/S/CDW\">CDW公司</a></b>盘前下跌1.8%；<b><a href=\"https://laohu8.com/S/FOXA\">福克斯公司A级</a></b>，下降2.2%；<b><a href=\"https://laohu8.com/S/CERN\">塞纳</a></b>，下降1.8%；<b><a href=\"https://laohu8.com/S/CHKP\">检查点</a></b>，下降1.1%；<b><a href=\"https://laohu8.com/S/TCOM\">携程网集团有限公司</a></b>，下降1.2%；和<b><a href=\"https://laohu8.com/S/INCY\">因西特</a></b>，下降0.6%。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – The electric vehicle maker’s stock rose 1.9% in the premarket following news that its R1T had been named&nbsp;Motor Trend’s truck of the year, beating out entries from Ford, GM and Hyundai.</p><p><blockquote><b><a href=\"https://laohu8.com/S/RIVN\">Rivian汽车公司。</a></b>- 这家电动汽车制造商的股价在盘前上涨了 1.9%，此前该公司的 R1T 被 Motor Trend 评为年度卡车，击败了福特、通用汽车和现代汽车。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","ABNB":"爱彼迎","LCID":"Lucid Group Inc","DDOG":"Datadog","CHKP":"Check Point软件科技","PANW":"Palo Alto Networks","FTNT":"飞塔信息","TCOM":"携程网","ZS":"Zscaler Inc.","FOXA":"福克斯-A","PFE":"辉瑞","AAPL":"苹果",".DJI":"道琼斯","RIVN":"Rivian Automotive, Inc.",".IXIC":"NASDAQ Composite","BNTX":"BioNTech SE",".SPX":"S&P 500 Index","ARNA":"阿里那","CDW":"CDW Corporation","HOG":"哈雷戴维森","INCY":"因塞特医疗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161576842","content_text":"U.S. stock-index futures pointed to muted gains for major indexes ahead of a busy week of central-bank decisions in major economies.\nAt 8:00 a.m. ET, S&P 500 e-minis were up 11.25 points, or 0.24%, Nasdaq 100 e-minis were up 67 points, or 0.41%, and Dow e-minis were up 24 points, or 0.07%.The key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.\nFed Chair Jerome Powell, as well as a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.\n“We believe markets can continue to take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.\nAs of Sunday, the U.S. was approaching 800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.\nStocks making the biggest moves premarket: \nHarley-Davidson– The motorcycle maker’s stock surged 11.7% in the premarket after it announced that it is merging its “Livewire” electric motorcycle unit with a special purpose acquisition company. Livewire will have an enterprise value of about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol “LVW.”\nPfizer,BioNTech SE – Pfizer rose 1.4% in the premarket while BioNTech SE jumped 4.4% after a new Israeli study showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant. Pfizer’s pre-market gains were trimmed following news of its deal to acquire Arena Pharmaceuticals.\nArena Pharmaceuticals – The drugmaker agreed to be acquired by Pfizer for $100 per share in cash, or about $6.7 billion. Arena soared 93.1% in premarket trading following news of the transaction.\nPeloton Interactive, Inc. – The fitness equipment maker rebounded 2.6% in premarket action after falling 7% over the past three sessions. Pelotonreleased an ad featuring actor Chris Noth promoting the value of the company’s equipment, after his character’s death in the “Sex and the City” reboot following a Peloton ride.\nDollar Tree – The discount retailer’s stock fell 1% in premarket trading after activist investor Mantle Ridge announced its intention to try to replace the entire Dollar Tree board. Dollar Tree called the move “unwarrantedly aggressive” and said it had offered to explore a settlement with Mantle Ridge, which owns 5.7% of Dollar Tree.\nApple – Apple rose 1.1% in the premarket after J.P. Morgan Securities raised its price target for the stock to a Street-high of $210 per share from $180 a share, and reiterated it as a top pick going into 2022.\nNasdaq-100 additions – Stocks being added to the index as of Monday, December 20, rose in premarket trading following news of their inclusion. The stocks include Palo Alto Networks, up 2.7%;Airbnb, Inc. , up 2.1%;Fortinet , up 3.7%;Lucid Group Inc, up 5.9%;Zscaler Inc., up 3.4%; and Datadog, up 3.1%.\nNasdaq-100 subtractions – Stocks being replaced in the Nasdaq-100 include CDW Corp , down 1.8% in the premarket;Fox Corporation Class A , down 2.2%;Cerner , down 1.8%;Check Point , down 1.1%;Trip.com Group Limited , down 1.2%; and Incyte, down 0.6%.\nRivian Automotive, Inc. – The electric vehicle maker’s stock rose 1.9% in the premarket following news that its R1T had been named Motor Trend’s truck of the year, beating out entries from Ford, GM and Hyundai.","news_type":1,"symbols_score_info":{".IXIC":0.9,"RIVN":0.9,"ABNB":0.9,"PANW":0.9,"INCY":0.9,"PTON":0.9,"TCOM":0.9,"DDOG":0.9,"LCID":0.9,"AAPL":0.9,"CERN":0.9,".DJI":0.9,"FTNT":0.9,"CDW":0.9,"ZS":0.9,"CHKP":0.9,".SPX":0.9,"ARNA":0.9,"BNTX":0.9,"PFE":0.9,"HOG":0.9,"FOXA":0.9}},"isVote":1,"tweetType":1,"viewCount":3451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600322991,"gmtCreate":1638071418135,"gmtModify":1638071418298,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Sure superb smart","listText":"Sure superb smart","text":"Sure superb smart","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600322991","repostId":"2186328507","repostType":4,"isVote":1,"tweetType":1,"viewCount":3820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600326708,"gmtCreate":1638071391211,"gmtModify":1638071391380,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Diverse all","listText":"Diverse all","text":"Diverse all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600326708","repostId":"2186328547","repostType":4,"repost":{"id":"2186328547","kind":"highlight","pubTimestamp":1638069455,"share":"https://www.laohunote.com/m/news/2186328547?lang=zh_CN&edition=full","pubTime":"2021-11-28 11:17","market":"us","language":"en","title":"Google, Dell Lead Five Diverse Stocks Near Buy Points<blockquote>谷歌、戴尔领先五只接近买入点的不同股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2186328547","media":"ADELIA CELLINI LINECKER","summary":"Google leads five stocks to watch this week around buy points. It's on IBD Leaderboard, Long-Term Leaders and the IBD 50.","content":"<p>Google parent <b>Alphabet</b>, computer maker <b>Dell Technologies</b>, steelmaker <b>Nucor</b>, Chip-equipment maker <b>Lam Research</b>&nbsp;and rental-home investor <b>Invitation Homes</b> are five stocks to watch this week near buy points.</p><p><blockquote>谷歌父母<b>Alphabet</b>计算机制造商<b>戴尔科技</b>,钢铁制造商<b>纽柯</b>芯片设备制造商<b>林研究</b>和租赁房屋投资者<b>邀请之家</b>本周有五只股票接近买点值得关注。</blockquote></p><p> The recent plunges in many hot software stocks amid renewed sector rotation underscores the importance of having diversified leaders in your portfolio. But with the market selling off sharply Friday, this time led by energy and financial stocks, investors should be cautious about new buys.</p><p><blockquote>最近许多热门软件股票在新的行业轮动中暴跌，凸显了投资组合中拥有多元化领导者的重要性。但随着周五市场大幅抛售，这次是以能源和金融股为首，投资者应该对新的买入持谨慎态度。</blockquote></p><p> Google, Nucor stock and Invitation Homes have pulled back modestly below buy points. Dell stock has bounced from its 50-day line, and Lam Research is closing in on a buy point.</p><p><blockquote>谷歌、纽柯股票和邀请住宅已小幅回落至买入点以下。戴尔股价已从 50 日线反弹，Lam Research 正在接近买入点。</blockquote></p><p> Google stock and Nucor are on IBD Leaderboard. GOOGL stock also is on IBD Long-Term Leaders and the IBD 50. Dell is on SwingTrader.</p><p><blockquote>谷歌股票和纽柯公司都在 IBD 排行榜上。GOOGL股票也是 IBD 长期领先者和 IBD 50 指数之一。戴尔在SwingTrader上。</blockquote></p><p> <h2><b>Google Stock</b></h2> Shares fell 4.5% to 2,845.64 in last week's stock market trading. Google stock closed just below its 50-day line and 10-week moving average. Shares have retreated modestly below a flat-base buy point of 2,925.17, according to MarketSmith. An alternate entry would be 3,019.43 from a four-weeks-tight pattern.</p><p><blockquote><h2><b>谷歌股票</b></h2>上周股市交易中，股价下跌 4.5%，至 2,845.64 点。谷歌股价收盘略低于 50 日线和 10 周移动平均线。MarketSmith 表示，股价已小幅回落至 2,925.17 的平基买入点下方。从四周紧张的模式来看，另一个入场点将是 3,019.43。</blockquote></p><p> Investors could use a rebound off the 50-day/10-week line as a possible entry. That's a good place to buy Long-Term Leaders stocks such as GOOGL.</p><p><blockquote>投资者可以将50天/10周线的反弹作为可能的入场点。这是购买GOOGL等长期龙头股的好地方。</blockquote></p><p> Google's relative strength line is going sideways, but is still near all-time highs. Its RS Rating is 88 out of a possible 99, while its EPS Rating is 98.</p><p><blockquote>谷歌的相对强势线正在横向移动，但仍接近历史高点。其 RS 评级为 88 分（满分 99 分），而每股收益评级为 98 分。</blockquote></p><p> Google beat Wall Street estimates for the third quarter. It had EPS of $27.99 vs. views for $23.48. Sales came in at $65.12 billion vs. estimates of $63.34 billion.</p><p><blockquote>谷歌第三季度业绩超出华尔街预期。它的每股收益为 27.99 美元，而浏览量为 23.48 美元。销售额为 651.2 亿美元，而预期为 633.4 亿美元。</blockquote></p><p> In a call with investors on Oct. 26, CEO Ruth Porat said Apple's privacy settings changes, which now ask iPhone users for explicit permission to track them, had a modest impact on YouTube revenue.</p><p><blockquote>在 10 月 26 日与投资者举行的看涨期权上，首席执行官露丝·波拉特 (Ruth Porat) 表示，苹果隐私设置的变化（现在要求 iPhone 用户获得跟踪他们的明确许可）对 YouTube 收入产生了适度影响。</blockquote></p><p> Google's ad revenue climbed 43% to $53.13 billion. That's up from $37.1 billion in the year-ago period and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion last year.</p><p><blockquote>谷歌的广告收入攀升43%，达到531.3亿美元。这高于去年同期的 371 亿美元，略高于上一季度。YouTube 广告收入从去年的 50.4 亿美元增至 72.1 亿美元。</blockquote></p><p> <h2><b>Dell Stock</b></h2> Dell stock rose 2.1% to 56.18 last week. Shares now have a flat base with a 58.53 buy point. Dell stock bounced from its 50-day line on Thursday, flashing an early buy signal on strong earnings. But shares pulled back modestly Friday. Investors might now want to wait for Dell to get above Thursday's high of 58, or simply wait for a breakout.</p><p><blockquote><h2><b>戴尔股票</b></h2>戴尔股价上周上涨2.1%，至56.18点。目前股价基础持平，买入点为 58.53。戴尔股价周四从 50 日线反弹，因强劲盈利而发出提前买入信号。但周五股价小幅回落。投资者现在可能希望等待戴尔突破周四 58 点的高点，或者干脆等待突破。</blockquote></p><p> On Nov. 23, Dell reported third-quarter earnings of $2.37 a share, a year-over-year increase of 17%, on a 21% jump in sales to $28.39 billion, both above analyst views.&nbsp;</p><p><blockquote>11月23日，戴尔公布第三季度每股收益2.37美元，同比增长17%，销售额增长21%，达到283.9亿美元，均高于分析师的预期。</blockquote></p><p> It was Dell's best third quarter in its history, driven by growth in all business units, customer segments and geographies, as well as broad strength across commercial PCs, servers and storage, the company said in a written statement.</p><p><blockquote>该公司在一份书面声明中表示，这是戴尔历史上最好的第三季度，这得益于所有业务部门、客户细分市场和地区的增长，以及商用个人电脑、服务器和存储领域的广泛实力。</blockquote></p><p> Dell was Wednesday's IBD Stock Of The Day.</p><p><blockquote>戴尔是周三的 IBD 当日股票。</blockquote></p><p> Meanwhile, rival <b>HP</b> gapped out of a base Wednesday on its earnings.</p><p><blockquote>同时，竞争对手<b>惠普</b>周三其盈利跌破基数。</blockquote></p><p> <h2><b>Nucor Stock</b></h2> Shares rose 1% last week to 113.98. Nucor stock broke out past a cup-with-handle buy point of 119.42 on Nov. 22, but gave up most of that day's 6% gain by Friday's close. Its relative strength line is ticking downward but still near multiyear highs. Its RS Rating is 93, while its EPS Rating is 96.</p><p><blockquote><h2><b>纽柯股票</b></h2>股价上周上涨 1%，至 113.98。纽柯公司 (Nucor) 股价于 11 月 22 日突破了 119.42 的杯状买入点，但在周五收盘时回吐了当天 6% 的大部分涨幅。其相对强度线正在下降，但仍接近多年高点。其RS评级为93，每股收益评级为96。</blockquote></p><p> Steelmakers like Nucor have a had a stellar year supplying homebuilders in a record year and gearing up for massive infrastructure spending. IBD's Steel-Producers industry group has soared nearly 86% year to date.</p><p><blockquote>像纽柯这样的钢铁制造商在创纪录的一年里为房屋建筑商供货，并为大规模基础设施支出做好了准备。IBD 的钢铁生产商行业集团今年迄今已飙升近 86%。</blockquote></p><p> Nucor has had four straight quarters of triple-digit earnings growth and four quarters in a row of accelerating sales growth.</p><p><blockquote>纽柯公司已连续四个季度实现三位数盈利增长，并连续四个季度实现销售加速增长。</blockquote></p><p> Rival <b><a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a></b> broke out past a cup-with-handle buy point of 69.01 intraday on Nov. 22, but has since fallen below that buy point.</p><p><blockquote>对手<b><a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a></b>11 月 22 日盘中突破了 69.01 的带柄杯买点，但此后已跌破该买点。</blockquote></p><p> <h2><b>Invitation Homes Stock</b></h2> INVH stock broke out past a cup-with-handle buy point of 41.93 on Nov. 24, but retreated just below it on Friday. INVH stock edged up 0.6% to 41.15 for the week.</p><p><blockquote><h2><b>邀请家园股票</b></h2>INVH 股价于 11 月 24 日突破 41.93 的杯状买入点，但周五回落至略低于该买入点。INVH 股价本周小幅上涨 0.6%，至 41.15。</blockquote></p><p> Invitation Homes has an RS Rating of 93 and an EPS Rating of 96.</p><p><blockquote>邀请之家的RS评级为93，EPS评级为96。</blockquote></p><p> The recent housing boom isn't just helping homebuilders. As raw materials prices spike up and supplies remain tight, folks are delaying home buying or renting homes while renovations&nbsp;and new homes take longer to complete. That's pushed up rents across the board.</p><p><blockquote>最近的房地产繁荣不仅仅是帮助了房屋建筑商。随着原材料价格上涨和供应仍然紧张，人们推迟购房或租房，而装修和新房需要更长的时间才能完成。这全面推高了租金。</blockquote></p><p> As a result, Invitation Homes, the largest owner of rental homes in the U.S., has seen soaring demand. The company, a real estate investment trust, or REIT, owns more than 80,000 homes, which it rents out.</p><p><blockquote>因此，美国最大的租赁房屋所有者Invitation Homes的需求飙升。该公司是一家房地产投资信托基金（REIT），拥有超过 80,000 套房屋，并将其出租。</blockquote></p><p> In October, Invitation Homes reported better-than-expected Q3 results. The company was able to raise rents by 11% amid the housing shortage.</p><p><blockquote>10 月份，Invitation Homes 公布的第三季度业绩好于预期。在住房短缺的情况下，该公司能够将租金提高11%。</blockquote></p><p></p><p> <h2><b>Lam Research Stock</b></h2> Shares pulled back late last week, perhaps starting work on a handle. Chip-equipment maker Lam Research has been steadily moving toward a 673.90 buy point from a consolidation going back to early June or April.&nbsp;</p><p><blockquote><h2><b>林研究股票</b></h2>股价上周晚些时候回落，也许是开始着手处理。芯片设备制造商 Lam Research 从 6 月初或 4 月初的盘整开始，一直在稳步向 673.90 的买入点移动。</blockquote></p><p> Its relative strength line is rising again after several months of sideways movement. Lam's RS Rating is 80, while its EPS Rating is 94. The company has posted seven straight quarters of earnings and revenue growth, amid sky-high demand for its products across all industries.</p><p><blockquote>经过几个月的横盘整理，其相对强弱线再次上升。Lam 的 RS 评级为 80，每股收益评级为 94。由于各行各业对其产品的需求极高，该公司已连续七个季度实现盈利和收入增长。</blockquote></p><p></p>","source":"lsy1610449120050","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>Google, Dell Lead Five Diverse Stocks Near Buy Points<blockquote>谷歌、戴尔领先五只接近买入点的不同股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle, Dell Lead Five Diverse Stocks Near Buy Points<blockquote>谷歌、戴尔领先五只接近买入点的不同股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">ADELIA CELLINI LINECKER</strong><span class=\"h-time small\">2021-11-28 11:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Google parent <b>Alphabet</b>, computer maker <b>Dell Technologies</b>, steelmaker <b>Nucor</b>, Chip-equipment maker <b>Lam Research</b>&nbsp;and rental-home investor <b>Invitation Homes</b> are five stocks to watch this week near buy points.</p><p><blockquote>谷歌父母<b>Alphabet</b>计算机制造商<b>戴尔科技</b>,钢铁制造商<b>纽柯</b>芯片设备制造商<b>林研究</b>和租赁房屋投资者<b>邀请之家</b>本周有五只股票接近买点值得关注。</blockquote></p><p> The recent plunges in many hot software stocks amid renewed sector rotation underscores the importance of having diversified leaders in your portfolio. But with the market selling off sharply Friday, this time led by energy and financial stocks, investors should be cautious about new buys.</p><p><blockquote>最近许多热门软件股票在新的行业轮动中暴跌，凸显了投资组合中拥有多元化领导者的重要性。但随着周五市场大幅抛售，这次是以能源和金融股为首，投资者应该对新的买入持谨慎态度。</blockquote></p><p> Google, Nucor stock and Invitation Homes have pulled back modestly below buy points. Dell stock has bounced from its 50-day line, and Lam Research is closing in on a buy point.</p><p><blockquote>谷歌、纽柯股票和邀请住宅已小幅回落至买入点以下。戴尔股价已从 50 日线反弹，Lam Research 正在接近买入点。</blockquote></p><p> Google stock and Nucor are on IBD Leaderboard. GOOGL stock also is on IBD Long-Term Leaders and the IBD 50. Dell is on SwingTrader.</p><p><blockquote>谷歌股票和纽柯公司都在 IBD 排行榜上。GOOGL股票也是 IBD 长期领先者和 IBD 50 指数之一。戴尔在SwingTrader上。</blockquote></p><p> <h2><b>Google Stock</b></h2> Shares fell 4.5% to 2,845.64 in last week's stock market trading. Google stock closed just below its 50-day line and 10-week moving average. Shares have retreated modestly below a flat-base buy point of 2,925.17, according to MarketSmith. An alternate entry would be 3,019.43 from a four-weeks-tight pattern.</p><p><blockquote><h2><b>谷歌股票</b></h2>上周股市交易中，股价下跌 4.5%，至 2,845.64 点。谷歌股价收盘略低于 50 日线和 10 周移动平均线。MarketSmith 表示，股价已小幅回落至 2,925.17 的平基买入点下方。从四周紧张的模式来看，另一个入场点将是 3,019.43。</blockquote></p><p> Investors could use a rebound off the 50-day/10-week line as a possible entry. That's a good place to buy Long-Term Leaders stocks such as GOOGL.</p><p><blockquote>投资者可以将50天/10周线的反弹作为可能的入场点。这是购买GOOGL等长期龙头股的好地方。</blockquote></p><p> Google's relative strength line is going sideways, but is still near all-time highs. Its RS Rating is 88 out of a possible 99, while its EPS Rating is 98.</p><p><blockquote>谷歌的相对强势线正在横向移动，但仍接近历史高点。其 RS 评级为 88 分（满分 99 分），而每股收益评级为 98 分。</blockquote></p><p> Google beat Wall Street estimates for the third quarter. It had EPS of $27.99 vs. views for $23.48. Sales came in at $65.12 billion vs. estimates of $63.34 billion.</p><p><blockquote>谷歌第三季度业绩超出华尔街预期。它的每股收益为 27.99 美元，而浏览量为 23.48 美元。销售额为 651.2 亿美元，而预期为 633.4 亿美元。</blockquote></p><p> In a call with investors on Oct. 26, CEO Ruth Porat said Apple's privacy settings changes, which now ask iPhone users for explicit permission to track them, had a modest impact on YouTube revenue.</p><p><blockquote>在 10 月 26 日与投资者举行的看涨期权上，首席执行官露丝·波拉特 (Ruth Porat) 表示，苹果隐私设置的变化（现在要求 iPhone 用户获得跟踪他们的明确许可）对 YouTube 收入产生了适度影响。</blockquote></p><p> Google's ad revenue climbed 43% to $53.13 billion. That's up from $37.1 billion in the year-ago period and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion last year.</p><p><blockquote>谷歌的广告收入攀升43%，达到531.3亿美元。这高于去年同期的 371 亿美元，略高于上一季度。YouTube 广告收入从去年的 50.4 亿美元增至 72.1 亿美元。</blockquote></p><p> <h2><b>Dell Stock</b></h2> Dell stock rose 2.1% to 56.18 last week. Shares now have a flat base with a 58.53 buy point. Dell stock bounced from its 50-day line on Thursday, flashing an early buy signal on strong earnings. But shares pulled back modestly Friday. Investors might now want to wait for Dell to get above Thursday's high of 58, or simply wait for a breakout.</p><p><blockquote><h2><b>戴尔股票</b></h2>戴尔股价上周上涨2.1%，至56.18点。目前股价基础持平，买入点为 58.53。戴尔股价周四从 50 日线反弹，因强劲盈利而发出提前买入信号。但周五股价小幅回落。投资者现在可能希望等待戴尔突破周四 58 点的高点，或者干脆等待突破。</blockquote></p><p> On Nov. 23, Dell reported third-quarter earnings of $2.37 a share, a year-over-year increase of 17%, on a 21% jump in sales to $28.39 billion, both above analyst views.&nbsp;</p><p><blockquote>11月23日，戴尔公布第三季度每股收益2.37美元，同比增长17%，销售额增长21%，达到283.9亿美元，均高于分析师的预期。</blockquote></p><p> It was Dell's best third quarter in its history, driven by growth in all business units, customer segments and geographies, as well as broad strength across commercial PCs, servers and storage, the company said in a written statement.</p><p><blockquote>该公司在一份书面声明中表示，这是戴尔历史上最好的第三季度，这得益于所有业务部门、客户细分市场和地区的增长，以及商用个人电脑、服务器和存储领域的广泛实力。</blockquote></p><p> Dell was Wednesday's IBD Stock Of The Day.</p><p><blockquote>戴尔是周三的 IBD 当日股票。</blockquote></p><p> Meanwhile, rival <b>HP</b> gapped out of a base Wednesday on its earnings.</p><p><blockquote>同时，竞争对手<b>惠普</b>周三其盈利跌破基数。</blockquote></p><p> <h2><b>Nucor Stock</b></h2> Shares rose 1% last week to 113.98. Nucor stock broke out past a cup-with-handle buy point of 119.42 on Nov. 22, but gave up most of that day's 6% gain by Friday's close. Its relative strength line is ticking downward but still near multiyear highs. Its RS Rating is 93, while its EPS Rating is 96.</p><p><blockquote><h2><b>纽柯股票</b></h2>股价上周上涨 1%，至 113.98。纽柯公司 (Nucor) 股价于 11 月 22 日突破了 119.42 的杯状买入点，但在周五收盘时回吐了当天 6% 的大部分涨幅。其相对强度线正在下降，但仍接近多年高点。其RS评级为93，每股收益评级为96。</blockquote></p><p> Steelmakers like Nucor have a had a stellar year supplying homebuilders in a record year and gearing up for massive infrastructure spending. IBD's Steel-Producers industry group has soared nearly 86% year to date.</p><p><blockquote>像纽柯这样的钢铁制造商在创纪录的一年里为房屋建筑商供货，并为大规模基础设施支出做好了准备。IBD 的钢铁生产商行业集团今年迄今已飙升近 86%。</blockquote></p><p> Nucor has had four straight quarters of triple-digit earnings growth and four quarters in a row of accelerating sales growth.</p><p><blockquote>纽柯公司已连续四个季度实现三位数盈利增长，并连续四个季度实现销售加速增长。</blockquote></p><p> Rival <b><a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a></b> broke out past a cup-with-handle buy point of 69.01 intraday on Nov. 22, but has since fallen below that buy point.</p><p><blockquote>对手<b><a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a></b>11 月 22 日盘中突破了 69.01 的带柄杯买点，但此后已跌破该买点。</blockquote></p><p> <h2><b>Invitation Homes Stock</b></h2> INVH stock broke out past a cup-with-handle buy point of 41.93 on Nov. 24, but retreated just below it on Friday. INVH stock edged up 0.6% to 41.15 for the week.</p><p><blockquote><h2><b>邀请家园股票</b></h2>INVH 股价于 11 月 24 日突破 41.93 的杯状买入点，但周五回落至略低于该买入点。INVH 股价本周小幅上涨 0.6%，至 41.15。</blockquote></p><p> Invitation Homes has an RS Rating of 93 and an EPS Rating of 96.</p><p><blockquote>邀请之家的RS评级为93，EPS评级为96。</blockquote></p><p> The recent housing boom isn't just helping homebuilders. As raw materials prices spike up and supplies remain tight, folks are delaying home buying or renting homes while renovations&nbsp;and new homes take longer to complete. That's pushed up rents across the board.</p><p><blockquote>最近的房地产繁荣不仅仅是帮助了房屋建筑商。随着原材料价格上涨和供应仍然紧张，人们推迟购房或租房，而装修和新房需要更长的时间才能完成。这全面推高了租金。</blockquote></p><p> As a result, Invitation Homes, the largest owner of rental homes in the U.S., has seen soaring demand. The company, a real estate investment trust, or REIT, owns more than 80,000 homes, which it rents out.</p><p><blockquote>因此，美国最大的租赁房屋所有者Invitation Homes的需求飙升。该公司是一家房地产投资信托基金（REIT），拥有超过 80,000 套房屋，并将其出租。</blockquote></p><p> In October, Invitation Homes reported better-than-expected Q3 results. The company was able to raise rents by 11% amid the housing shortage.</p><p><blockquote>10 月份，Invitation Homes 公布的第三季度业绩好于预期。在住房短缺的情况下，该公司能够将租金提高11%。</blockquote></p><p></p><p> <h2><b>Lam Research Stock</b></h2> Shares pulled back late last week, perhaps starting work on a handle. Chip-equipment maker Lam Research has been steadily moving toward a 673.90 buy point from a consolidation going back to early June or April.&nbsp;</p><p><blockquote><h2><b>林研究股票</b></h2>股价上周晚些时候回落，也许是开始着手处理。芯片设备制造商 Lam Research 从 6 月初或 4 月初的盘整开始，一直在稳步向 673.90 的买入点移动。</blockquote></p><p> Its relative strength line is rising again after several months of sideways movement. Lam's RS Rating is 80, while its EPS Rating is 94. The company has posted seven straight quarters of earnings and revenue growth, amid sky-high demand for its products across all industries.</p><p><blockquote>经过几个月的横盘整理，其相对强弱线再次上升。Lam 的 RS 评级为 80，每股收益评级为 94。由于各行各业对其产品的需求极高，该公司已连续七个季度实现盈利和收入增长。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/news/google-dell-lead-five-diverse-stocks-near-buy-points/?src=A00519A=aflTigerBrokers\">ADELIA CELLINI LINECKER</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":{"DELL":"戴尔","INVH":"Invitation Homes Inc.","GOOG":"谷歌","NUE":"纽柯钢铁","LRCX":"拉姆研究"},"source_url":"https://www.investors.com/news/google-dell-lead-five-diverse-stocks-near-buy-points/?src=A00519A=aflTigerBrokers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2186328547","content_text":"Google parent Alphabet, computer maker Dell Technologies, steelmaker Nucor, Chip-equipment maker Lam Research and rental-home investor Invitation Homes are five stocks to watch this week near buy points.\nThe recent plunges in many hot software stocks amid renewed sector rotation underscores the importance of having diversified leaders in your portfolio. But with the market selling off sharply Friday, this time led by energy and financial stocks, investors should be cautious about new buys.\nGoogle, Nucor stock and Invitation Homes have pulled back modestly below buy points. Dell stock has bounced from its 50-day line, and Lam Research is closing in on a buy point.\nGoogle stock and Nucor are on IBD Leaderboard. GOOGL stock also is on IBD Long-Term Leaders and the IBD 50. Dell is on SwingTrader.\nGoogle Stock\nShares fell 4.5% to 2,845.64 in last week's stock market trading. Google stock closed just below its 50-day line and 10-week moving average. Shares have retreated modestly below a flat-base buy point of 2,925.17, according to MarketSmith. An alternate entry would be 3,019.43 from a four-weeks-tight pattern.\nInvestors could use a rebound off the 50-day/10-week line as a possible entry. That's a good place to buy Long-Term Leaders stocks such as GOOGL.\nGoogle's relative strength line is going sideways, but is still near all-time highs. Its RS Rating is 88 out of a possible 99, while its EPS Rating is 98.\nGoogle beat Wall Street estimates for the third quarter. It had EPS of $27.99 vs. views for $23.48. Sales came in at $65.12 billion vs. estimates of $63.34 billion.\nIn a call with investors on Oct. 26, CEO Ruth Porat said Apple's privacy settings changes, which now ask iPhone users for explicit permission to track them, had a modest impact on YouTube revenue.\nGoogle's ad revenue climbed 43% to $53.13 billion. That's up from $37.1 billion in the year-ago period and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion last year.\nDell Stock\nDell stock rose 2.1% to 56.18 last week. Shares now have a flat base with a 58.53 buy point. Dell stock bounced from its 50-day line on Thursday, flashing an early buy signal on strong earnings. But shares pulled back modestly Friday. Investors might now want to wait for Dell to get above Thursday's high of 58, or simply wait for a breakout.\nOn Nov. 23, Dell reported third-quarter earnings of $2.37 a share, a year-over-year increase of 17%, on a 21% jump in sales to $28.39 billion, both above analyst views. \nIt was Dell's best third quarter in its history, driven by growth in all business units, customer segments and geographies, as well as broad strength across commercial PCs, servers and storage, the company said in a written statement.\nDell was Wednesday's IBD Stock Of The Day.\nMeanwhile, rival HP gapped out of a base Wednesday on its earnings.\nNucor Stock\nShares rose 1% last week to 113.98. Nucor stock broke out past a cup-with-handle buy point of 119.42 on Nov. 22, but gave up most of that day's 6% gain by Friday's close. Its relative strength line is ticking downward but still near multiyear highs. Its RS Rating is 93, while its EPS Rating is 96.\nSteelmakers like Nucor have a had a stellar year supplying homebuilders in a record year and gearing up for massive infrastructure spending. IBD's Steel-Producers industry group has soared nearly 86% year to date.\nNucor has had four straight quarters of triple-digit earnings growth and four quarters in a row of accelerating sales growth.\nRival Steel Dynamics broke out past a cup-with-handle buy point of 69.01 intraday on Nov. 22, but has since fallen below that buy point.\nInvitation Homes Stock\nINVH stock broke out past a cup-with-handle buy point of 41.93 on Nov. 24, but retreated just below it on Friday. INVH stock edged up 0.6% to 41.15 for the week.\nInvitation Homes has an RS Rating of 93 and an EPS Rating of 96.\nThe recent housing boom isn't just helping homebuilders. As raw materials prices spike up and supplies remain tight, folks are delaying home buying or renting homes while renovations and new homes take longer to complete. That's pushed up rents across the board.\nAs a result, Invitation Homes, the largest owner of rental homes in the U.S., has seen soaring demand. The company, a real estate investment trust, or REIT, owns more than 80,000 homes, which it rents out.\nIn October, Invitation Homes reported better-than-expected Q3 results. The company was able to raise rents by 11% amid the housing shortage.\nLam Research Stock\nShares pulled back late last week, perhaps starting work on a handle. Chip-equipment maker Lam Research has been steadily moving toward a 673.90 buy point from a consolidation going back to early June or April. \nIts relative strength line is rising again after several months of sideways movement. Lam's RS Rating is 80, while its EPS Rating is 94. The company has posted seven straight quarters of earnings and revenue growth, amid sky-high demand for its products across all industries.","news_type":1,"symbols_score_info":{"DELL":0.9,"INVH":0.9,"LRCX":0.9,"NUE":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":3701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600326464,"gmtCreate":1638071364110,"gmtModify":1638071364266,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Monthly invest&nbsp;","listText":"Monthly invest&nbsp;","text":"Monthly invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600326464","repostId":"2186432895","repostType":4,"isVote":1,"tweetType":1,"viewCount":3335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875665810,"gmtCreate":1637645003932,"gmtModify":1637645004123,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Still the best ? Anyone comment&nbsp;","listText":"Still the best ? Anyone comment&nbsp;","text":"Still the best ? Anyone comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/875665810","repostId":"1171738636","repostType":4,"repost":{"id":"1171738636","kind":"news","pubTimestamp":1637639864,"share":"https://www.laohunote.com/m/news/1171738636?lang=zh_CN&edition=full","pubTime":"2021-11-23 11:57","market":"us","language":"en","title":"Disney stock dropped lately. This analyst sees streaming as a buying opportunity.<blockquote>迪士尼股票最近下跌。这位分析师将流媒体视为买入机会。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171738636","media":"Barrons","summary":"Shares of Walt Disney dropped this month after the company reported slower-than-expected subscriber ","content":"<p>Shares of&nbsp;Walt Disney&nbsp;dropped this month after the company reported slower-than-expected subscriber growth for its Disney+ streaming service. An analyst at Wells Fargo, who likened the blip to&nbsp;Netflix’s&nbsp;own short-lived subscriber stumbles, sees a buying opportunity.</p><p><blockquote>华特·迪士尼 (Walt Disney) 报告其 Disney+ 流媒体服务的订阅用户增长低于预期，该公司股价本月下跌。富国银行（Wells Fargo）的一位分析师将这一现象比作 Netflix 自己短暂的用户失误，他认为这是一个买入机会。</blockquote></p><p> Wells Fargo analyst Steven Cahall maintained an Overweight rating but cut his price target to $196 from $203 in a note on Monday.</p><p><blockquote>富国银行分析师 Steven Cahall 维持跑赢大盘评级，但在周一的一份报告中将目标价从 203 美元下调至 196 美元。</blockquote></p><p> He said an analysis of subscriber growth within existing markets suggests that a drop in content additions to the service matched up with the slowing pace of subscriber growth. That supports his view that Disney+ subscriber growth will speed up as the company’s content machine—which was hampered by pandemic shutdowns—revs up in the coming years.</p><p><blockquote>他说，对现有市场订户增长的分析表明，服务内容增加的下降与订户增长的放缓相匹配。这支持了他的观点，即随着迪士尼+的内容机器（因大流行病关闭而受到阻碍）在未来几年加速运转，迪士尼+的用户增长将会加快。</blockquote></p><p> Disney stock&nbsp;rose 0.1%, to $154.16 in Monday&nbsp;trading. Shares are down 15% year-to-date but up 5% from their levels 12 months ago. The&nbsp;S&amp;P 500&nbsp;fell 0.3% and the&nbsp;Dow Jones Industrial Average&nbsp;rose 0.1%.</p><p><blockquote>周一交易中，迪士尼股价上涨 0.1%，至 154.16 美元。今年迄今为止，股价下跌了 15%，但比 12 个月前的水平上涨了 5%。标普500下跌0.3%，道琼斯工业平均指数上涨0.1%。</blockquote></p><p> Cahall said the current pullback in the stock means investors are taking a more cautious view of Disney’s direct-to-consumer efforts. But he thinks an important question is whether Disney+ isn’t as promising as initially expected, or if the current dip will prove short-lived. If it’s the latter, Cahall sees a buying opportunity.</p><p><blockquote>卡哈尔说，目前该股的回落意味着投资者对迪士尼直接面向消费者的努力持更加谨慎的态度。但他认为一个重要的问题是，Disney+ 是否不像最初预期的那样有前途，或者目前的下滑是否会被证明是短暂的。如果是后者，卡霍尔认为这是一个买入机会。</blockquote></p><p> The analyst compared it to questions about Netflix and expectations about its total addressable market, which weighed on the shares a few years ago. It was “when net adds temporarily slowed resultant of less content hitting the service,” Cahall wrote.</p><p><blockquote>这位分析师将其与有关 Netflix 的问题以及对其整个潜在市场的预期进行了比较，几年前这给该股带来了压力。卡哈尔写道，当时 “由于服务内容减少，网络添加暂时放缓”。</blockquote></p><p> “Those periods proved to be great buying opportunities for NFLX investors, and we’re of the view that DIS will breakout in similar fashion once content ramps,” he said.</p><p><blockquote>“他说：”事实证明，这些时期是 NFLX 投资者的绝佳买入机会，我们认为，一旦内容增加，DIS 也将以类似的方式突破。</blockquote></p><p> Cahall notes that, based on his analysis on the sum of Disney’s parts at current levels, Disney+ is now worth $150 billion less than Netflix (NFLX). He said that gap can close a bit, and suggests buying the stock.</p><p><blockquote>卡哈尔指出，根据他对迪士尼目前各部分总和的分析，Disney+ 目前的市值比 Netflix (NFLX) 少了 1500 亿美元。他表示，差距可以缩小一点，并建议买入该股。</blockquote></p><p> “We don’t think the discount has been this big since DIS launched Disney+,” Cahall wrote. “While perhaps there was too much exuberance around [the Disney direct-to-consumer business’] pace of value creation early on, we can’t help but think that now the valuation discount to NFLX is looking overdone.”</p><p><blockquote>“卡哈尔写道：”我们认为，自 DIS 推出 Disney+ 以来，折扣从未如此之大。“虽然迪士尼直接面向消费者业务的价值创造步伐在早期可能过于活跃，但我们不禁认为，现在对 NFLX 的估值折扣看起来有些过头了。”</blockquote></p><p> Cahall isn’t alone. As <i>Barron’s</i> wrote in earlier this month, the company’s miss disappointed investors but the results were acceptable. After all, executives reaffirmed expectations for up to 260 million subscribers on Disney+ for fiscal 2024. The rest is just noise.</p><p><blockquote>卡哈尔并不孤单。作为<i>巴伦</i>本月早些时候，该公司的失误令投资者失望，但结果是可以接受的。毕竟，高管们重申了 2024 财年 Disney+ 用户数量将达到 2.6 亿的预期。剩下的只是噪音。</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>Disney stock dropped lately. This analyst sees streaming as a buying opportunity.<blockquote>迪士尼股票最近下跌。这位分析师将流媒体视为买入机会。</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\">\nDisney stock dropped lately. This analyst sees streaming as a buying opportunity.<blockquote>迪士尼股票最近下跌。这位分析师将流媒体视为买入机会。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-23 11:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of&nbsp;Walt Disney&nbsp;dropped this month after the company reported slower-than-expected subscriber growth for its Disney+ streaming service. An analyst at Wells Fargo, who likened the blip to&nbsp;Netflix’s&nbsp;own short-lived subscriber stumbles, sees a buying opportunity.</p><p><blockquote>华特·迪士尼 (Walt Disney) 报告其 Disney+ 流媒体服务的订阅用户增长低于预期，该公司股价本月下跌。富国银行（Wells Fargo）的一位分析师将这一现象比作 Netflix 自己短暂的用户失误，他认为这是一个买入机会。</blockquote></p><p> Wells Fargo analyst Steven Cahall maintained an Overweight rating but cut his price target to $196 from $203 in a note on Monday.</p><p><blockquote>富国银行分析师 Steven Cahall 维持跑赢大盘评级，但在周一的一份报告中将目标价从 203 美元下调至 196 美元。</blockquote></p><p> He said an analysis of subscriber growth within existing markets suggests that a drop in content additions to the service matched up with the slowing pace of subscriber growth. That supports his view that Disney+ subscriber growth will speed up as the company’s content machine—which was hampered by pandemic shutdowns—revs up in the coming years.</p><p><blockquote>他说，对现有市场订户增长的分析表明，服务内容增加的下降与订户增长的放缓相匹配。这支持了他的观点，即随着迪士尼+的内容机器（因大流行病关闭而受到阻碍）在未来几年加速运转，迪士尼+的用户增长将会加快。</blockquote></p><p> Disney stock&nbsp;rose 0.1%, to $154.16 in Monday&nbsp;trading. Shares are down 15% year-to-date but up 5% from their levels 12 months ago. The&nbsp;S&amp;P 500&nbsp;fell 0.3% and the&nbsp;Dow Jones Industrial Average&nbsp;rose 0.1%.</p><p><blockquote>周一交易中，迪士尼股价上涨 0.1%，至 154.16 美元。今年迄今为止，股价下跌了 15%，但比 12 个月前的水平上涨了 5%。标普500下跌0.3%，道琼斯工业平均指数上涨0.1%。</blockquote></p><p> Cahall said the current pullback in the stock means investors are taking a more cautious view of Disney’s direct-to-consumer efforts. But he thinks an important question is whether Disney+ isn’t as promising as initially expected, or if the current dip will prove short-lived. If it’s the latter, Cahall sees a buying opportunity.</p><p><blockquote>卡哈尔说，目前该股的回落意味着投资者对迪士尼直接面向消费者的努力持更加谨慎的态度。但他认为一个重要的问题是，Disney+ 是否不像最初预期的那样有前途，或者目前的下滑是否会被证明是短暂的。如果是后者，卡霍尔认为这是一个买入机会。</blockquote></p><p> The analyst compared it to questions about Netflix and expectations about its total addressable market, which weighed on the shares a few years ago. It was “when net adds temporarily slowed resultant of less content hitting the service,” Cahall wrote.</p><p><blockquote>这位分析师将其与有关 Netflix 的问题以及对其整个潜在市场的预期进行了比较，几年前这给该股带来了压力。卡哈尔写道，当时 “由于服务内容减少，网络添加暂时放缓”。</blockquote></p><p> “Those periods proved to be great buying opportunities for NFLX investors, and we’re of the view that DIS will breakout in similar fashion once content ramps,” he said.</p><p><blockquote>“他说：”事实证明，这些时期是 NFLX 投资者的绝佳买入机会，我们认为，一旦内容增加，DIS 也将以类似的方式突破。</blockquote></p><p> Cahall notes that, based on his analysis on the sum of Disney’s parts at current levels, Disney+ is now worth $150 billion less than Netflix (NFLX). He said that gap can close a bit, and suggests buying the stock.</p><p><blockquote>卡哈尔指出，根据他对迪士尼目前各部分总和的分析，Disney+ 目前的市值比 Netflix (NFLX) 少了 1500 亿美元。他表示，差距可以缩小一点，并建议买入该股。</blockquote></p><p> “We don’t think the discount has been this big since DIS launched Disney+,” Cahall wrote. “While perhaps there was too much exuberance around [the Disney direct-to-consumer business’] pace of value creation early on, we can’t help but think that now the valuation discount to NFLX is looking overdone.”</p><p><blockquote>“卡哈尔写道：”我们认为，自 DIS 推出 Disney+ 以来，折扣从未如此之大。“虽然迪士尼直接面向消费者业务的价值创造步伐在早期可能过于活跃，但我们不禁认为，现在对 NFLX 的估值折扣看起来有些过头了。”</blockquote></p><p> Cahall isn’t alone. As <i>Barron’s</i> wrote in earlier this month, the company’s miss disappointed investors but the results were acceptable. After all, executives reaffirmed expectations for up to 260 million subscribers on Disney+ for fiscal 2024. The rest is just noise.</p><p><blockquote>卡哈尔并不孤单。作为<i>巴伦</i>本月早些时候，该公司的失误令投资者失望，但结果是可以接受的。毕竟，高管们重申了 2024 财年 Disney+ 用户数量将达到 2.6 亿的预期。剩下的只是噪音。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/disney-stock-price-buying-opportunity-51637604137?mod=hp_DAY_9\">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":{"DIS":"迪士尼"},"source_url":"https://www.barrons.com/articles/disney-stock-price-buying-opportunity-51637604137?mod=hp_DAY_9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171738636","content_text":"Shares of Walt Disney dropped this month after the company reported slower-than-expected subscriber growth for its Disney+ streaming service. An analyst at Wells Fargo, who likened the blip to Netflix’s own short-lived subscriber stumbles, sees a buying opportunity.\nWells Fargo analyst Steven Cahall maintained an Overweight rating but cut his price target to $196 from $203 in a note on Monday.\nHe said an analysis of subscriber growth within existing markets suggests that a drop in content additions to the service matched up with the slowing pace of subscriber growth. That supports his view that Disney+ subscriber growth will speed up as the company’s content machine—which was hampered by pandemic shutdowns—revs up in the coming years.\nDisney stock rose 0.1%, to $154.16 in Monday trading. Shares are down 15% year-to-date but up 5% from their levels 12 months ago. The S&P 500 fell 0.3% and the Dow Jones Industrial Average rose 0.1%.\nCahall said the current pullback in the stock means investors are taking a more cautious view of Disney’s direct-to-consumer efforts. But he thinks an important question is whether Disney+ isn’t as promising as initially expected, or if the current dip will prove short-lived. If it’s the latter, Cahall sees a buying opportunity.\nThe analyst compared it to questions about Netflix and expectations about its total addressable market, which weighed on the shares a few years ago. It was “when net adds temporarily slowed resultant of less content hitting the service,” Cahall wrote.\n“Those periods proved to be great buying opportunities for NFLX investors, and we’re of the view that DIS will breakout in similar fashion once content ramps,” he said.\nCahall notes that, based on his analysis on the sum of Disney’s parts at current levels, Disney+ is now worth $150 billion less than Netflix (NFLX). He said that gap can close a bit, and suggests buying the stock.\n“We don’t think the discount has been this big since DIS launched Disney+,” Cahall wrote. “While perhaps there was too much exuberance around [the Disney direct-to-consumer business’] pace of value creation early on, we can’t help but think that now the valuation discount to NFLX is looking overdone.”\nCahall isn’t alone. As Barron’s wrote in earlier this month, the company’s miss disappointed investors but the results were acceptable. After all, executives reaffirmed expectations for up to 260 million subscribers on Disney+ for fiscal 2024. The rest is just noise.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":3298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875665148,"gmtCreate":1637644981123,"gmtModify":1637644981277,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Cash out no way","listText":"Cash out no way","text":"Cash out no way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875665148","repostId":"1182774243","repostType":4,"repost":{"id":"1182774243","kind":"news","pubTimestamp":1637639220,"share":"https://www.laohunote.com/m/news/1182774243?lang=zh_CN&edition=full","pubTime":"2021-11-23 11:47","market":"us","language":"en","title":"AMC CEO Adam Aron has led insider sales at the theater chain as executives cash out $70 million in 2021<blockquote>AMC 首席执行官亚当·阿伦 (Adam Aron) 领导了这家连锁影院的内部销售，高管们在 2021 年套现了 7000 万美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182774243","media":"Business Insider","summary":"AMC insiders have cashed out on $70 million worth of shares in the company this year, led by CEO Ada","content":"<p><div> AMC insiders have cashed out on $70 million worth of shares in the company this year, led by CEO Adam Aron. Aron sold $25 million of AMC shares earlier this month in an effort to diversify his estate ...</p><p><blockquote><div>在首席执行官亚当·阿伦 (Adam Aron) 的带领下，AMC 内部人士今年已套现了价值 7000 万美元的公司股票。阿伦本月早些时候出售了价值 2500 万美元的 AMC 股票，以实现资产多元化……</div></blockquote></p><p>  <a href=\"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11\">网页连接</a></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>AMC CEO Adam Aron has led insider sales at the theater chain as executives cash out $70 million in 2021<blockquote>AMC 首席执行官亚当·阿伦 (Adam Aron) 领导了这家连锁影院的内部销售，高管们在 2021 年套现了 7000 万美元</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\">\nAMC CEO Adam Aron has led insider sales at the theater chain as executives cash out $70 million in 2021<blockquote>AMC 首席执行官亚当·阿伦 (Adam Aron) 领导了这家连锁影院的内部销售，高管们在 2021 年套现了 7000 万美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Business Insider</strong><span class=\"h-time small\">2021-11-23 11:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> AMC insiders have cashed out on $70 million worth of shares in the company this year, led by CEO Adam Aron. Aron sold $25 million of AMC shares earlier this month in an effort to diversify his estate ...</p><p><blockquote><div>在首席执行官亚当·阿伦 (Adam Aron) 的带领下，AMC 内部人士今年已套现了价值 7000 万美元的公司股票。阿伦本月早些时候出售了价值 2500 万美元的 AMC 股票，以实现资产多元化……</div></blockquote></p><p>  <a href=\"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11\">Business Insider</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":{"AMC":"AMC院线"},"source_url":"https://markets.businessinsider.com/news/stocks/amc-ceo-adam-aron-led-2021-insider-stock-sales-execs-sold-70-million-2021-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182774243","content_text":"AMC insiders have cashed out on $70 million worth of shares in the company this year, led by CEO Adam Aron.\nAron sold $25 million of AMC shares earlier this month in an effort to diversify his estate planning.\nAMC stock has risen nearly 2,000% this year thanks to bullish retail traders.\n\nAMC CEO Adam Aron.\nAMC insiders have cashed out on $70 million worth of shares in the company this year, with Chief Executive Officer Adam Aron leading the sales.\nThe sales,compiled and reported on by Bloomberg, have occurred amid AMC's epic 2,000% rally so far this year, powered by the meme-stock craze and the company's large base of retail investors.\nThough many of the sales were pre-planned, previous years have seen just a fraction of the amount of insiders selling shares, Bloomberg reported. AMC did not immediately respond to Insider's request for comment and declined to comment to Bloomberg.\nAmid the meme-stock craze, Aron has become known as a leader of the retail traders, who call themselves apes and fondly named him \"Silverback,\" a top male gorilla.\nStill,Aron sold $25 million worth of shares earlier this month even while ensuring investors that he believed in the company. At the time, he told investors — most of whom are individuals — that he needed to diversify his assets for estate planning, considering 85% of his net worth was tied to AMC stock.\n\"I don't want any of you ever to think that I have anything but full confidence in AMC's future,\" he said in defense of the sale.\nAmong the 14 other executives and board members who sold shares this year was Chief Financial Officer Sean Goodman. He dumped all of his shares, totaling $8.5 million, Bloomberg wrote, noting he has the chance to be awarded more AMC stock in the future.\nOther sellers include General Counsel Kevin Connor and Chief Marketing Officer Stephen Colanero, according to filings with the US Securities and Exchange Commission. Much of AMC's insider sales have been concentrated in March, June, and November, the filings show.\nAMC stock closed at $41.24 on Monday. The company, which has neared bankruptcy in the past, has sought to reach out to its retail traders this year by accepting cryptocurrencies like dogecoin and creating a rewards program that offers investors perks like free popcorn.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875665998,"gmtCreate":1637644966233,"gmtModify":1637644966393,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Black box calling","listText":"Black box calling","text":"Black box calling","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875665998","repostId":"2185380585","repostType":4,"repost":{"id":"2185380585","kind":"highlight","pubTimestamp":1637644613,"share":"https://www.laohunote.com/m/news/2185380585?lang=zh_CN&edition=full","pubTime":"2021-11-23 13:16","market":"us","language":"en","title":"Goldman Sachs's private-equity business has been a 'black box,' but now it's opening up<blockquote>高盛的私募股权业务一直是一个“黑匣子”，但现在它正在打开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2185380585","media":"MarketWatch","summary":"With more than $300 billion in assets under management as of 2020, Goldman has quietly been in the s","content":"<p>With more than $300 billion in assets under management as of 2020, Goldman has quietly been in the same ballpark as such powerhouse private-equity names as KKR and Blackstone</p><p><blockquote>截至 2020 年，高盛管理着超过 3000 亿美元的资产，已悄然与 KKR 和 Blackstone 等私募股权巨头处于同一水平</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8534cc3a4fa1904966f01c008d5bc8b9\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch 照片插图/iStockphoto</span></p></blockquote></p><p> The name Goldman Sachs conjures images of white-shoe investment bankers cutting multibillion-dollar M&amp;A deals or underwriting major initial public offerings.</p><p><blockquote>高盛（Goldman Sachs）这个名字让人联想到白鞋投资银行家完成数十亿美元的并购交易或承销重大首次公开募股（IPO）的形象。</blockquote></p><p> Or it might bring to mind Goldman's massive trading floors, where stocks, bonds, commodities and currencies are bought and sold on behalf of institutional clients and wealthy individuals.</p><p><blockquote>或者它可能会让人想起高盛庞大的交易大厅，股票、债券、商品和货币都是代表机构客户和富人买卖的。</blockquote></p><p> For investors, Goldman Sachs Group Inc.&nbsp;is one of only two banks, along with JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, included among the 30 blue-chip stocks in the Dow Jones Industrial Average .</p><p><blockquote>对于投资者来说，高盛集团是仅有的两家银行之一，另外两家是摩根大通。<a href=\"https://laohu8.com/S/JPM\">$(摩根大通)$</a>，跻身道琼斯工业平均指数30只蓝筹股之列。</blockquote></p><p> Less visible is Goldman's role as a major player in the private-equity business.</p><p><blockquote>高盛作为私募股权业务主要参与者的角色不太引人注目。</blockquote></p><p>   ‘Private equity is a bit of a black box for Goldman Sachs and other big banks in the business. There’s not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.’”    — Ellen Hazen, F.L.Putnam Investment Management Co.  Goldman provides glimpses of its activities in private equity and other alternatives in filings and presentations, with $416 billion in assets under supervision as of Sept. 30, up by about $100 billion since early 2020.</p><p><blockquote>“对于高盛和其他大银行来说，私募股权有点像黑匣子。虽然在过去的几个季度里，银行的透明度和信息披露有所提高，但透明度或信息披露并不多。但总体而言，投资者对高盛的评级倍数低于透明度更高、监管更严格的企业。- Ellen Hazen, F.L.Putnam Investment Management Co. 截至 9 月 30 日，高盛的监管资产为 4,160 亿美元，比 2020 年初增加了约 1,000 亿美元。</blockquote></p><p> Under CEO David Solomon, Goldman has taken the alternative investing units spread throughout the firm and grouped them under the name Goldman Sachs Asset Management. The unit is led by Julian C. Salisbury, global head of asset management and a member of Goldman's overall management committee. The alternatives business includes the former merchant-bank unit that led major buyouts in the past, as well as its special-situations group, real estate and growth equity operations.</p><p><blockquote>在首席执行官大卫·所罗门 (David Solomon) 的领导下，高盛将遍布公司的另类投资部门整合到高盛资产管理公司 (Goldman Sachs Asset Management) 的名称下。该部门由资产管理全球主管、高盛整体管理委员会成员朱利安·C·索尔兹伯里领导。另类业务包括过去主导重大收购的前商业银行部门，以及其特殊情况集团、房地产和成长型股票业务。</blockquote></p><p> <b>Goldman vs. private-equity leaders</b></p><p><blockquote><b>高盛与私募股权领导者</b></blockquote></p><p> Goldman Sachs laid out details of the business for the first time at its January 2020 investors meeting, when it disclosed $320 billion in alternative assets under supervision.</p><p><blockquote>高盛在2020年1月的投资者会议上首次公布了该业务的细节，当时它披露了3200亿美元的受监管的另类资产。</blockquote></p><p> That dollar figure placed it in the same ballpark as the major private-equity firms, namely Apollo Global Management, with $331 billion in assets under management, or AUM, as of roughly the same date; Blackstone Group, with AUM of $571 billion; KKR &amp; Co. <a href=\"https://laohu8.com/S/KKR\">$(KKR)$</a>, with $218 billion of AUM; and Carlyle Group, which had $224.4 billion AUM. Goldman's AUM places it ahead of alternative investing units at other big U.S. banks.</p><p><blockquote>这一美元数字使其与主要私募股权公司阿波罗全球管理公司（Apollo Global Management）处于同一水平，截至同一天，其管理资产（AUM）为 3310 亿美元；黑石集团，资产管理规模5710亿美元；KKR公司。<a href=\"https://laohu8.com/S/KKR\">$(KKR)$</a>资产管理规模为2180亿美元；以及拥有 2,244 亿美元资产管理规模的凯雷集团。高盛的资产管理规模使其领先于其他美国大银行的另类投资部门。</blockquote></p><p> While institutional investors have been aware of Goldman's buyouts and other activities in private markets and alternatives, it has been hard for them to put a dollar value on any profits generated.</p><p><blockquote>尽管机构投资者已经意识到高盛在私人市场和另类市场的收购和其他活动，但他们很难对产生的任何利润进行美元价值。</blockquote></p><p> That's because private-equity fund managers operate through private partnerships to buy and sell private companies, often at undisclosed prices. As a rule, the Securities and Exchange Commission also restricts marketing communication about private-equity funds to accredited investors only, instead of through statements to the general public.</p><p><blockquote>这是因为私募股权基金经理通过私人合伙企业买卖私营公司，价格通常未公开。作为一项规则，美国证券交易委员会还将有关私募股权基金的营销传播限制在合格投资者的范围内，而不是通过向公众发表声明。</blockquote></p><p> \"Private equity is a bit of a black box for Goldman Sachs and other big banks in the business,\" said Ellen Hazen, principal and portfolio manager at F.L.Putnam Investment Management Co. \"There's not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.\"</p><p><blockquote>F.L.Putnam Investment Management Co.的负责人兼投资组合经理艾伦·哈森(Ellen Hazen)表示：“私募股权对高盛和该行业的其他大银行来说有点像一个黑匣子。”“尽管过去几个季度该银行提高了透明度和披露。但总体而言，投资者给高盛的市盈率低于那些透明度更高、监管更严格的企业。”</blockquote></p><p> <b>A more public face for private equity</b></p><p><blockquote><b>私募股权更公开的面孔</b></blockquote></p><p> The bank's leadership admits it has more to do to be known as a major force in the private-equity space.</p><p><blockquote>该银行的领导层承认，要成为私募股权领域的主要力量，它还有更多工作要做。</blockquote></p><p> \"We are really a scaled player [in alternatives],\" Goldman's chief operating officer, John Waldron, said in June at the Bernstein Strategic Decisions Conference. \"We're already a top four player. It's not as well-known, because we have a big firm. We do a lot of things, and we maybe haven't been as purposeful about talking about the alternatives business as a stand-alone business.\"</p><p><blockquote>高盛首席运营官约翰·沃尔德伦 (John Waldron) 在 6 月份的伯恩斯坦战略决策会议上表示：“我们确实是（在替代品领域）的大规模参与者。”“我们已经是前四名了。它没有那么出名，因为我们有一个大公司。我们做了很多事情，我们可能没有像谈论独立业务那样有目的地谈论替代品业务。”</blockquote></p><p> On this front, the firm said it's raised more than $90 billion in capital against a goal of $150 billion by 2024 for its alternatives business. Since laying out the $150 billion fundraising goal in 2020, it's been drawing in fresh capital ahead of schedule.</p><p><blockquote>在这方面，该公司表示已筹集超过 900 亿美元的资本，而到 2024 年，其替代业务的目标是筹集 1500 亿美元。自制定2020年1500亿美元的筹资目标以来，它一直在提前吸引新的资本。</blockquote></p><p></p><p> \"If we're doing private-equity investments, we're doing them under the asset-management business and in the new construct where we're raising funds with client capital and a portion of firm capital,\" said Heather Miner, chief operating officer of Goldman Sachs Asset Management, in an interview with MarketWatch. \"That's an important pivot -- to have greater clarity and a unified investing business that we can grow. We have a much more cohesive organization with a clear strategy.\"</p><p><blockquote>高盛首席运营官希瑟·迈纳 (Heather Miner) 表示：“如果我们进行私募股权投资，我们将在资产管理业务下进行投资，并在新的结构中进行投资，我们将利用客户资本和部分企业资本筹集资金。”资产管理公司，在接受 MarketWatch 采访时。“这是一个重要的支点——拥有更大的清晰度和我们可以发展的统一投资业务。我们拥有一个更具凝聚力的组织和明确的战略。”</blockquote></p><p> The alternatives business also aims to tap synergies elsewhere in the bank. Goldman's investment-banking unit or its consumer and wealth management business may apprise clients of potential opportunities in alternative investments, for example.</p><p><blockquote>另类业务还旨在挖掘银行其他部门的协同效应。例如，高盛的投资银行部门或其消费者和财富管理业务可能会告知客户另类投资的潜在机会。</blockquote></p><p> <b>Betting on the Yankees, and Polo</b></p><p><blockquote><b>赌洋基队和马球</b></blockquote></p><p> Some of the milestones for Goldman's private-equity operation include financing Polo Ralph Lauren&nbsp;in 1994 by purchasing a 28% stake in the company for $135 million, as the New York Times reported at the time. In 1998, the bank officially launched its Goldman Sachs Merchant Bank banner.</p><p><blockquote>据《纽约时报》当时报道，高盛私募股权业务的一些里程碑包括1994年以1.35亿美元收购Polo Ralph Lauren 28%的股份，为该公司融资。1998年，该行正式打出高盛商业银行大旗。</blockquote></p><p> Goldman backed the launch of the Yankees Entertainment and Sports Network in 2001 and made an investment in food-services giant <a href=\"https://laohu8.com/S/ARMK\">Aramark</a> (ARMK) in 2006.</p><p><blockquote>高盛在2001年支持了扬基娱乐和体育网的成立，并投资了食品服务巨头<a href=\"https://laohu8.com/S/ARMK\">阿拉马克</a>（ARMK）2006年。</blockquote></p><p> On the eve of the global financial crisis, in 2007, Goldman had raised $20 billion for its GS Capital Partners VI LP buyout fund, making it one of the largest private-equity funds of its time.</p><p><blockquote>2007年，在全球金融危机爆发前夕，高盛为其GS Capital Partners VI LP收购基金筹集了200亿美元，使其成为当时最大的私募股权基金之一。</blockquote></p><p> Banks then regrouped in the wake of the Dodd-Frank legislation that followed the collapse of Lehman Brothers in 2008.</p><p><blockquote>2008 年雷曼兄弟倒闭后，多德-弗兰克法案出台，银行随后进行了重组。</blockquote></p><p> After the crisis, many of the private-equity groups at the big banks were jettisoned or scaled back.</p><p><blockquote>危机过后，许多大银行的私募股权集团被抛弃或缩减规模。</blockquote></p><p> While Goldman Sachs remained in the business, many of its bankers left and formed their own private-equity firms.</p><p><blockquote>虽然高盛仍留在该行业，但其许多银行家离开并组建了自己的私募股权公司。</blockquote></p><p> Among them, Milton Berlinski and Peter Aberg co-founded Reverence Capital Partners in 2013, and Gerry Cardinale launched RedBird Capital Partners in 2014.</p><p><blockquote>其中，Milton Berlinski 和 Peter Aberg 于 2013 年共同创立了 Reverence Capital Partners，Gerry Cardinale 于 2014 年推出了 RedBird Capital Partners。</blockquote></p><p> Nowadays, Goldman's motive is to be valued by investors as a business with a rich earnings stream from the lucrative business of asset management, rather than a generator of equity investment income from more opaque private funds.</p><p><blockquote>如今，高盛的动机是被投资者视为一家从利润丰厚的资产管理业务中获得丰厚收益流的企业，而不是从更不透明的私募基金中获得股权投资收益的创造者。</blockquote></p><p> Goldman is working to get the word out on its private-equity assets as it sells positions and moves investments off its balance sheet into third-party vehicles. That activity reduces its common equity Tier 1 capital, which in turn trickles down to improve its return-on-equity performance.</p><p><blockquote>高盛正在努力宣传其私募股权资产，同时出售头寸并将投资从资产负债表转移到第三方工具。这项活动减少了其普通股一级资本，进而涓涓细流以提高其股本回报率表现。</blockquote></p><p> Tier 1 capital is the core capital held in its reserves. The Tier 1 capital ratio compares a bank's equity capital and disclosed reserves with its total risk-weighted assets under Basel III banking regulations. It's a measure of a bank's strength against market disruptions and is aimed at ensuring a bank can absorb losses without its overall stability being threatened.</p><p><blockquote>一级资本是其储备中持有的核心资本。一级资本比率将银行的权益资本和披露准备金与其根据巴塞尔协议 III 银行法规的总风险加权资产进行比较。它是衡量银行抵御市场混乱的实力的指标，旨在确保银行能够在不威胁其整体稳定性的情况下吸收损失。</blockquote></p><p> Meanwhile, Goldman has quietly raised newer funds including a $14 billion credit fund called West Street Strategic Solutions Fund I, its largest fund since the financial crisis, according to a recent Bloomberg report. Its 2017 mezzanine debt fund, GS Mezzanine Partners VII, drew in $13 billion. That same year, it raised $7 billion for the buyout fund West Street Capital Partners VII. It disclosed plans to raise West Street Capital Partners VIII in late 2020, according to a filing.</p><p><blockquote>与此同时，根据彭博社最近的一份报告，高盛悄然筹集了新的资金，其中包括一只名为西街战略解决方案基金 I 的 140 亿美元信贷基金，这是该公司自金融危机以来最大的基金。其2017年夹层债务基金GS Mezzanine Partners VII吸引了130亿美元。同年，它为收购基金 West Street Capital Partners VII 筹集了 70 亿美元。根据一份文件，该公司披露了在 2020 年底筹集 West Street Capital Partners VIII 的计划。</blockquote></p><p> In late September, Goldman took its Petershill Partners <a href=\"https://laohu8.com/S/PLC\">PLC</a> unit public in the U.K. The business, which acquires minority stakes in private-equity firms, has a market cap of about $5 billion.</p><p><blockquote>9 月下旬，高盛收购了其 Petershill Partners<a href=\"https://laohu8.com/S/PLC\">PLC</a>英国的单位公共该公司收购了私募股权公司的少数股权，市值约为 50 亿美元。</blockquote></p><p> F.L. Putnam's Hazen said it does not include any Goldman Sachs shares in its managed stock portfolio, but it's overweight in financials including JPMorgan, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> <a href=\"https://laohu8.com/S/MS\">$(MS)$</a> and Bank of America&nbsp;because of the prospect for higher net interest income on loans as interest rates rise, as well as the scale and efficiency they offer as big players.</p><p><blockquote>F.L。Putnam 旗下的 Hazen 表示，其管理的股票投资组合中不包含任何高盛股票，但它是摩根大通等金融公司的跑赢大盘，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a><a href=\"https://laohu8.com/S/MS\">$(毫秒)$</a>和美国银行，因为随着利率上升，贷款净利息收入有望增加，而且它们作为大型企业提供的规模和效率。</blockquote></p><p> \"Private equity is not a significant business for other big banks,\" Hazen said. \"The core reason to own those is a steeper yield curve that will help all the banks.\"</p><p><blockquote>“私募股权对于其他大银行来说并不是一项重要的业务，”哈森说。“拥有这些资产的核心原因是收益率曲线更加陡峭，这将有助于所有银行。”</blockquote></p><p> Overall, the banks are very much leaders in their fields, whether in commercial banking or consumer banking or private wealth management, she said. \"They'll likely be able to grow faster than the core financial sector because they're leaders that can leverage their market share and attract good talent,\" Hazen said.</p><p><blockquote>她表示，总体而言，无论是商业银行、消费银行还是私人财富管理，这些银行都是各自领域的领导者。哈森表示：“他们可能能够比核心金融行业增长得更快，因为他们是可以利用市场份额并吸引优秀人才的领导者。”</blockquote></p><p> <b>Goldman details private-equity assets</b></p><p><blockquote><b>高盛详细介绍私募股权资产</b></blockquote></p><p> Goldman Sachs Asset Management operates as one of four main pillars at the bank, alongside global markets, investment banking, and consumer and wealth management.</p><p><blockquote>高盛资产管理是该银行的四大主要支柱之一，另外两个是全球市场、投资银行以及消费者和财富管理。</blockquote></p><p> At its 2020 investor day, Goldman said its average net internal rate of return, or IRR, on equity investments totaled 15.5% per year and that its return on private credit since the financial crisis had been 9.8%.</p><p><blockquote>高盛在 2020 年投资者日上表示，其股权投资的平均内部净回报率 (IRR) 为每年 15.5%，自金融危机以来，其私人信贷回报率为 9.8%。</blockquote></p><p></p><p> In an update on this goal during its third-quarter earnings call on Oct. 15, the bank said it had raised $90 billion against the $150 billion target, as its total asset-management business tipped the scales at $1.7 trillion.</p><p><blockquote>该银行在 10 月 15 日第三季度财报看涨期权上更新了这一目标，表示已筹集了 900 亿美元，而其资产管理业务总额达到 1.7 万亿美元。</blockquote></p><p> \"We continue to transition our alternatives business to more third-party funds, and we have gained momentum as we spend a significant amount of time with new and existing institutional clients,\" CEO Solomon said on the call.</p><p><blockquote>首席执行官 Solomon 在看涨期权上表示：“我们继续将另类投资业务转向更多第三方基金，并且随着我们花费大量时间与新的和现有的机构客户打交道，我们获得了动力。”</blockquote></p><p> Since its 2020 investor day, Goldman has harvested about $16 billion in private positions, offset by $9 billion of portfolio markups and additions of $5 billion from early fund facilitation and other commitments, Solomon said on the bank's third-quarter earnings call. The bank said its implied capital associated with total dispositions in both private and public positions since its 2020 investor day totaled $8 billion.</p><p><blockquote>所罗门在该银行第三季度收益看涨期权上表示，自 2020 年投资者日以来，高盛已获得约 160 亿美元的私人头寸，但被 90 亿美元的投资组合加价以及早期基金促进和其他承诺增加的 50 亿美元所抵消。该银行表示，自 2020 年投资者日以来，其与私人和公共头寸总处置相关的隐含资本总计 80 亿美元。</blockquote></p><p> \"We continue to have line of sight on $2.8 billion of incremental private asset sales corresponding to $2 billion of capital reduction,\" Solomon said.</p><p><blockquote>所罗门表示：“我们继续关注 28 亿美元的增量私人资产出售，相当于 20 亿美元的资本削减。”</blockquote></p><p> In his comments in June, COO Waldron said the company continued to be “very purposeful” about reducing its balance sheet, reducing its capital intensity and shifting to a more funds-driven approach.</p><p><blockquote>首席运营官沃尔德伦在 6 月份的评论中表示，公司将继续 “非常有目的地 ”缩减资产负债表，降低资本密集度，并转向更注重资金的方式。</blockquote></p><p> “You’re seeing us push very far in taking assets off the balance sheet and substituting those assets either into other parts of the firm or that balance-sheet capacity in other parts of the firm or into third-party funds, where we can invest alongside in a more capital-efficient manner,” Waldron said. “So we feel great about the progress. We’re getting very good receptivity in the third-party capital-raising market. And I think it’s going to be a business. It’s going to add a tremendous amount of value to the firm over time.”</p><p><blockquote>“沃尔德伦说：”你会看到我们在将资产从资产负债表上移除方面走得很远，并将这些资产替换到公司其他部门或公司其他部门的资产负债表能力中，或者替换到第三方基金中，在那里我们可以以更节省资本的方式进行投资。“因此，我们对取得的进展感到非常高兴。我们在第三方融资市场获得了非常好的接受度。我认为这将是一项业务。随着时间的推移，它将为公司增加巨大的价值。”</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>Goldman Sachs's private-equity business has been a 'black box,' but now it's opening up<blockquote>高盛的私募股权业务一直是一个“黑匣子”，但现在它正在打开</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs's private-equity business has been a 'black box,' but now it's opening up<blockquote>高盛的私募股权业务一直是一个“黑匣子”，但现在它正在打开</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-11-23 13:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With more than $300 billion in assets under management as of 2020, Goldman has quietly been in the same ballpark as such powerhouse private-equity names as KKR and Blackstone</p><p><blockquote>截至 2020 年，高盛管理着超过 3000 亿美元的资产，已悄然与 KKR 和 Blackstone 等私募股权巨头处于同一水平</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8534cc3a4fa1904966f01c008d5bc8b9\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch 照片插图/iStockphoto</span></p></blockquote></p><p> The name Goldman Sachs conjures images of white-shoe investment bankers cutting multibillion-dollar M&amp;A deals or underwriting major initial public offerings.</p><p><blockquote>高盛（Goldman Sachs）这个名字让人联想到白鞋投资银行家完成数十亿美元的并购交易或承销重大首次公开募股（IPO）的形象。</blockquote></p><p> Or it might bring to mind Goldman's massive trading floors, where stocks, bonds, commodities and currencies are bought and sold on behalf of institutional clients and wealthy individuals.</p><p><blockquote>或者它可能会让人想起高盛庞大的交易大厅，股票、债券、商品和货币都是代表机构客户和富人买卖的。</blockquote></p><p> For investors, Goldman Sachs Group Inc.&nbsp;is one of only two banks, along with JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, included among the 30 blue-chip stocks in the Dow Jones Industrial Average .</p><p><blockquote>对于投资者来说，高盛集团是仅有的两家银行之一，另外两家是摩根大通。<a href=\"https://laohu8.com/S/JPM\">$(摩根大通)$</a>，跻身道琼斯工业平均指数30只蓝筹股之列。</blockquote></p><p> Less visible is Goldman's role as a major player in the private-equity business.</p><p><blockquote>高盛作为私募股权业务主要参与者的角色不太引人注目。</blockquote></p><p>   ‘Private equity is a bit of a black box for Goldman Sachs and other big banks in the business. There’s not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.’”    — Ellen Hazen, F.L.Putnam Investment Management Co.  Goldman provides glimpses of its activities in private equity and other alternatives in filings and presentations, with $416 billion in assets under supervision as of Sept. 30, up by about $100 billion since early 2020.</p><p><blockquote>“对于高盛和其他大银行来说，私募股权有点像黑匣子。虽然在过去的几个季度里，银行的透明度和信息披露有所提高，但透明度或信息披露并不多。但总体而言，投资者对高盛的评级倍数低于透明度更高、监管更严格的企业。- Ellen Hazen, F.L.Putnam Investment Management Co. 截至 9 月 30 日，高盛的监管资产为 4,160 亿美元，比 2020 年初增加了约 1,000 亿美元。</blockquote></p><p> Under CEO David Solomon, Goldman has taken the alternative investing units spread throughout the firm and grouped them under the name Goldman Sachs Asset Management. The unit is led by Julian C. Salisbury, global head of asset management and a member of Goldman's overall management committee. The alternatives business includes the former merchant-bank unit that led major buyouts in the past, as well as its special-situations group, real estate and growth equity operations.</p><p><blockquote>在首席执行官大卫·所罗门 (David Solomon) 的领导下，高盛将遍布公司的另类投资部门整合到高盛资产管理公司 (Goldman Sachs Asset Management) 的名称下。该部门由资产管理全球主管、高盛整体管理委员会成员朱利安·C·索尔兹伯里领导。另类业务包括过去主导重大收购的前商业银行部门，以及其特殊情况集团、房地产和成长型股票业务。</blockquote></p><p> <b>Goldman vs. private-equity leaders</b></p><p><blockquote><b>高盛与私募股权领导者</b></blockquote></p><p> Goldman Sachs laid out details of the business for the first time at its January 2020 investors meeting, when it disclosed $320 billion in alternative assets under supervision.</p><p><blockquote>高盛在2020年1月的投资者会议上首次公布了该业务的细节，当时它披露了3200亿美元的受监管的另类资产。</blockquote></p><p> That dollar figure placed it in the same ballpark as the major private-equity firms, namely Apollo Global Management, with $331 billion in assets under management, or AUM, as of roughly the same date; Blackstone Group, with AUM of $571 billion; KKR &amp; Co. <a href=\"https://laohu8.com/S/KKR\">$(KKR)$</a>, with $218 billion of AUM; and Carlyle Group, which had $224.4 billion AUM. Goldman's AUM places it ahead of alternative investing units at other big U.S. banks.</p><p><blockquote>这一美元数字使其与主要私募股权公司阿波罗全球管理公司（Apollo Global Management）处于同一水平，截至同一天，其管理资产（AUM）为 3310 亿美元；黑石集团，资产管理规模5710亿美元；KKR公司。<a href=\"https://laohu8.com/S/KKR\">$(KKR)$</a>资产管理规模为2180亿美元；以及拥有 2,244 亿美元资产管理规模的凯雷集团。高盛的资产管理规模使其领先于其他美国大银行的另类投资部门。</blockquote></p><p> While institutional investors have been aware of Goldman's buyouts and other activities in private markets and alternatives, it has been hard for them to put a dollar value on any profits generated.</p><p><blockquote>尽管机构投资者已经意识到高盛在私人市场和另类市场的收购和其他活动，但他们很难对产生的任何利润进行美元价值。</blockquote></p><p> That's because private-equity fund managers operate through private partnerships to buy and sell private companies, often at undisclosed prices. As a rule, the Securities and Exchange Commission also restricts marketing communication about private-equity funds to accredited investors only, instead of through statements to the general public.</p><p><blockquote>这是因为私募股权基金经理通过私人合伙企业买卖私营公司，价格通常未公开。作为一项规则，美国证券交易委员会还将有关私募股权基金的营销传播限制在合格投资者的范围内，而不是通过向公众发表声明。</blockquote></p><p> \"Private equity is a bit of a black box for Goldman Sachs and other big banks in the business,\" said Ellen Hazen, principal and portfolio manager at F.L.Putnam Investment Management Co. \"There's not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.\"</p><p><blockquote>F.L.Putnam Investment Management Co.的负责人兼投资组合经理艾伦·哈森(Ellen Hazen)表示：“私募股权对高盛和该行业的其他大银行来说有点像一个黑匣子。”“尽管过去几个季度该银行提高了透明度和披露。但总体而言，投资者给高盛的市盈率低于那些透明度更高、监管更严格的企业。”</blockquote></p><p> <b>A more public face for private equity</b></p><p><blockquote><b>私募股权更公开的面孔</b></blockquote></p><p> The bank's leadership admits it has more to do to be known as a major force in the private-equity space.</p><p><blockquote>该银行的领导层承认，要成为私募股权领域的主要力量，它还有更多工作要做。</blockquote></p><p> \"We are really a scaled player [in alternatives],\" Goldman's chief operating officer, John Waldron, said in June at the Bernstein Strategic Decisions Conference. \"We're already a top four player. It's not as well-known, because we have a big firm. We do a lot of things, and we maybe haven't been as purposeful about talking about the alternatives business as a stand-alone business.\"</p><p><blockquote>高盛首席运营官约翰·沃尔德伦 (John Waldron) 在 6 月份的伯恩斯坦战略决策会议上表示：“我们确实是（在替代品领域）的大规模参与者。”“我们已经是前四名了。它没有那么出名，因为我们有一个大公司。我们做了很多事情，我们可能没有像谈论独立业务那样有目的地谈论替代品业务。”</blockquote></p><p> On this front, the firm said it's raised more than $90 billion in capital against a goal of $150 billion by 2024 for its alternatives business. Since laying out the $150 billion fundraising goal in 2020, it's been drawing in fresh capital ahead of schedule.</p><p><blockquote>在这方面，该公司表示已筹集超过 900 亿美元的资本，而到 2024 年，其替代业务的目标是筹集 1500 亿美元。自制定2020年1500亿美元的筹资目标以来，它一直在提前吸引新的资本。</blockquote></p><p></p><p> \"If we're doing private-equity investments, we're doing them under the asset-management business and in the new construct where we're raising funds with client capital and a portion of firm capital,\" said Heather Miner, chief operating officer of Goldman Sachs Asset Management, in an interview with MarketWatch. \"That's an important pivot -- to have greater clarity and a unified investing business that we can grow. We have a much more cohesive organization with a clear strategy.\"</p><p><blockquote>高盛首席运营官希瑟·迈纳 (Heather Miner) 表示：“如果我们进行私募股权投资，我们将在资产管理业务下进行投资，并在新的结构中进行投资，我们将利用客户资本和部分企业资本筹集资金。”资产管理公司，在接受 MarketWatch 采访时。“这是一个重要的支点——拥有更大的清晰度和我们可以发展的统一投资业务。我们拥有一个更具凝聚力的组织和明确的战略。”</blockquote></p><p> The alternatives business also aims to tap synergies elsewhere in the bank. Goldman's investment-banking unit or its consumer and wealth management business may apprise clients of potential opportunities in alternative investments, for example.</p><p><blockquote>另类业务还旨在挖掘银行其他部门的协同效应。例如，高盛的投资银行部门或其消费者和财富管理业务可能会告知客户另类投资的潜在机会。</blockquote></p><p> <b>Betting on the Yankees, and Polo</b></p><p><blockquote><b>赌洋基队和马球</b></blockquote></p><p> Some of the milestones for Goldman's private-equity operation include financing Polo Ralph Lauren&nbsp;in 1994 by purchasing a 28% stake in the company for $135 million, as the New York Times reported at the time. In 1998, the bank officially launched its Goldman Sachs Merchant Bank banner.</p><p><blockquote>据《纽约时报》当时报道，高盛私募股权业务的一些里程碑包括1994年以1.35亿美元收购Polo Ralph Lauren 28%的股份，为该公司融资。1998年，该行正式打出高盛商业银行大旗。</blockquote></p><p> Goldman backed the launch of the Yankees Entertainment and Sports Network in 2001 and made an investment in food-services giant <a href=\"https://laohu8.com/S/ARMK\">Aramark</a> (ARMK) in 2006.</p><p><blockquote>高盛在2001年支持了扬基娱乐和体育网的成立，并投资了食品服务巨头<a href=\"https://laohu8.com/S/ARMK\">阿拉马克</a>（ARMK）2006年。</blockquote></p><p> On the eve of the global financial crisis, in 2007, Goldman had raised $20 billion for its GS Capital Partners VI LP buyout fund, making it one of the largest private-equity funds of its time.</p><p><blockquote>2007年，在全球金融危机爆发前夕，高盛为其GS Capital Partners VI LP收购基金筹集了200亿美元，使其成为当时最大的私募股权基金之一。</blockquote></p><p> Banks then regrouped in the wake of the Dodd-Frank legislation that followed the collapse of Lehman Brothers in 2008.</p><p><blockquote>2008 年雷曼兄弟倒闭后，多德-弗兰克法案出台，银行随后进行了重组。</blockquote></p><p> After the crisis, many of the private-equity groups at the big banks were jettisoned or scaled back.</p><p><blockquote>危机过后，许多大银行的私募股权集团被抛弃或缩减规模。</blockquote></p><p> While Goldman Sachs remained in the business, many of its bankers left and formed their own private-equity firms.</p><p><blockquote>虽然高盛仍留在该行业，但其许多银行家离开并组建了自己的私募股权公司。</blockquote></p><p> Among them, Milton Berlinski and Peter Aberg co-founded Reverence Capital Partners in 2013, and Gerry Cardinale launched RedBird Capital Partners in 2014.</p><p><blockquote>其中，Milton Berlinski 和 Peter Aberg 于 2013 年共同创立了 Reverence Capital Partners，Gerry Cardinale 于 2014 年推出了 RedBird Capital Partners。</blockquote></p><p> Nowadays, Goldman's motive is to be valued by investors as a business with a rich earnings stream from the lucrative business of asset management, rather than a generator of equity investment income from more opaque private funds.</p><p><blockquote>如今，高盛的动机是被投资者视为一家从利润丰厚的资产管理业务中获得丰厚收益流的企业，而不是从更不透明的私募基金中获得股权投资收益的创造者。</blockquote></p><p> Goldman is working to get the word out on its private-equity assets as it sells positions and moves investments off its balance sheet into third-party vehicles. That activity reduces its common equity Tier 1 capital, which in turn trickles down to improve its return-on-equity performance.</p><p><blockquote>高盛正在努力宣传其私募股权资产，同时出售头寸并将投资从资产负债表转移到第三方工具。这项活动减少了其普通股一级资本，进而涓涓细流以提高其股本回报率表现。</blockquote></p><p> Tier 1 capital is the core capital held in its reserves. The Tier 1 capital ratio compares a bank's equity capital and disclosed reserves with its total risk-weighted assets under Basel III banking regulations. It's a measure of a bank's strength against market disruptions and is aimed at ensuring a bank can absorb losses without its overall stability being threatened.</p><p><blockquote>一级资本是其储备中持有的核心资本。一级资本比率将银行的权益资本和披露准备金与其根据巴塞尔协议 III 银行法规的总风险加权资产进行比较。它是衡量银行抵御市场混乱的实力的指标，旨在确保银行能够在不威胁其整体稳定性的情况下吸收损失。</blockquote></p><p> Meanwhile, Goldman has quietly raised newer funds including a $14 billion credit fund called West Street Strategic Solutions Fund I, its largest fund since the financial crisis, according to a recent Bloomberg report. Its 2017 mezzanine debt fund, GS Mezzanine Partners VII, drew in $13 billion. That same year, it raised $7 billion for the buyout fund West Street Capital Partners VII. It disclosed plans to raise West Street Capital Partners VIII in late 2020, according to a filing.</p><p><blockquote>与此同时，根据彭博社最近的一份报告，高盛悄然筹集了新的资金，其中包括一只名为西街战略解决方案基金 I 的 140 亿美元信贷基金，这是该公司自金融危机以来最大的基金。其2017年夹层债务基金GS Mezzanine Partners VII吸引了130亿美元。同年，它为收购基金 West Street Capital Partners VII 筹集了 70 亿美元。根据一份文件，该公司披露了在 2020 年底筹集 West Street Capital Partners VIII 的计划。</blockquote></p><p> In late September, Goldman took its Petershill Partners <a href=\"https://laohu8.com/S/PLC\">PLC</a> unit public in the U.K. The business, which acquires minority stakes in private-equity firms, has a market cap of about $5 billion.</p><p><blockquote>9 月下旬，高盛收购了其 Petershill Partners<a href=\"https://laohu8.com/S/PLC\">PLC</a>英国的单位公共该公司收购了私募股权公司的少数股权，市值约为 50 亿美元。</blockquote></p><p> F.L. Putnam's Hazen said it does not include any Goldman Sachs shares in its managed stock portfolio, but it's overweight in financials including JPMorgan, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> <a href=\"https://laohu8.com/S/MS\">$(MS)$</a> and Bank of America&nbsp;because of the prospect for higher net interest income on loans as interest rates rise, as well as the scale and efficiency they offer as big players.</p><p><blockquote>F.L。Putnam 旗下的 Hazen 表示，其管理的股票投资组合中不包含任何高盛股票，但它是摩根大通等金融公司的跑赢大盘，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a><a href=\"https://laohu8.com/S/MS\">$(毫秒)$</a>和美国银行，因为随着利率上升，贷款净利息收入有望增加，而且它们作为大型企业提供的规模和效率。</blockquote></p><p> \"Private equity is not a significant business for other big banks,\" Hazen said. \"The core reason to own those is a steeper yield curve that will help all the banks.\"</p><p><blockquote>“私募股权对于其他大银行来说并不是一项重要的业务，”哈森说。“拥有这些资产的核心原因是收益率曲线更加陡峭，这将有助于所有银行。”</blockquote></p><p> Overall, the banks are very much leaders in their fields, whether in commercial banking or consumer banking or private wealth management, she said. \"They'll likely be able to grow faster than the core financial sector because they're leaders that can leverage their market share and attract good talent,\" Hazen said.</p><p><blockquote>她表示，总体而言，无论是商业银行、消费银行还是私人财富管理，这些银行都是各自领域的领导者。哈森表示：“他们可能能够比核心金融行业增长得更快，因为他们是可以利用市场份额并吸引优秀人才的领导者。”</blockquote></p><p> <b>Goldman details private-equity assets</b></p><p><blockquote><b>高盛详细介绍私募股权资产</b></blockquote></p><p> Goldman Sachs Asset Management operates as one of four main pillars at the bank, alongside global markets, investment banking, and consumer and wealth management.</p><p><blockquote>高盛资产管理是该银行的四大主要支柱之一，另外两个是全球市场、投资银行以及消费者和财富管理。</blockquote></p><p> At its 2020 investor day, Goldman said its average net internal rate of return, or IRR, on equity investments totaled 15.5% per year and that its return on private credit since the financial crisis had been 9.8%.</p><p><blockquote>高盛在 2020 年投资者日上表示，其股权投资的平均内部净回报率 (IRR) 为每年 15.5%，自金融危机以来，其私人信贷回报率为 9.8%。</blockquote></p><p></p><p> In an update on this goal during its third-quarter earnings call on Oct. 15, the bank said it had raised $90 billion against the $150 billion target, as its total asset-management business tipped the scales at $1.7 trillion.</p><p><blockquote>该银行在 10 月 15 日第三季度财报看涨期权上更新了这一目标，表示已筹集了 900 亿美元，而其资产管理业务总额达到 1.7 万亿美元。</blockquote></p><p> \"We continue to transition our alternatives business to more third-party funds, and we have gained momentum as we spend a significant amount of time with new and existing institutional clients,\" CEO Solomon said on the call.</p><p><blockquote>首席执行官 Solomon 在看涨期权上表示：“我们继续将另类投资业务转向更多第三方基金，并且随着我们花费大量时间与新的和现有的机构客户打交道，我们获得了动力。”</blockquote></p><p> Since its 2020 investor day, Goldman has harvested about $16 billion in private positions, offset by $9 billion of portfolio markups and additions of $5 billion from early fund facilitation and other commitments, Solomon said on the bank's third-quarter earnings call. The bank said its implied capital associated with total dispositions in both private and public positions since its 2020 investor day totaled $8 billion.</p><p><blockquote>所罗门在该银行第三季度收益看涨期权上表示，自 2020 年投资者日以来，高盛已获得约 160 亿美元的私人头寸，但被 90 亿美元的投资组合加价以及早期基金促进和其他承诺增加的 50 亿美元所抵消。该银行表示，自 2020 年投资者日以来，其与私人和公共头寸总处置相关的隐含资本总计 80 亿美元。</blockquote></p><p> \"We continue to have line of sight on $2.8 billion of incremental private asset sales corresponding to $2 billion of capital reduction,\" Solomon said.</p><p><blockquote>所罗门表示：“我们继续关注 28 亿美元的增量私人资产出售，相当于 20 亿美元的资本削减。”</blockquote></p><p> In his comments in June, COO Waldron said the company continued to be “very purposeful” about reducing its balance sheet, reducing its capital intensity and shifting to a more funds-driven approach.</p><p><blockquote>首席运营官沃尔德伦在 6 月份的评论中表示，公司将继续 “非常有目的地 ”缩减资产负债表，降低资本密集度，并转向更注重资金的方式。</blockquote></p><p> “You’re seeing us push very far in taking assets off the balance sheet and substituting those assets either into other parts of the firm or that balance-sheet capacity in other parts of the firm or into third-party funds, where we can invest alongside in a more capital-efficient manner,” Waldron said. “So we feel great about the progress. We’re getting very good receptivity in the third-party capital-raising market. And I think it’s going to be a business. It’s going to add a tremendous amount of value to the firm over time.”</p><p><blockquote>“沃尔德伦说：”你会看到我们在将资产从资产负债表上移除方面走得很远，并将这些资产替换到公司其他部门或公司其他部门的资产负债表能力中，或者替换到第三方基金中，在那里我们可以以更节省资本的方式进行投资。“因此，我们对取得的进展感到非常高兴。我们在第三方融资市场获得了非常好的接受度。我认为这将是一项业务。随着时间的推移，它将为公司增加巨大的价值。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachss-private-equity-business-has-been-a-black-box-but-now-its-opening-up-11637613385?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":{"GS":"高盛"},"source_url":"https://www.marketwatch.com/story/goldman-sachss-private-equity-business-has-been-a-black-box-but-now-its-opening-up-11637613385?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185380585","content_text":"With more than $300 billion in assets under management as of 2020, Goldman has quietly been in the same ballpark as such powerhouse private-equity names as KKR and Blackstone\nMarketWatch photo illustration/iStockphoto\nThe name Goldman Sachs conjures images of white-shoe investment bankers cutting multibillion-dollar M&A deals or underwriting major initial public offerings.\nOr it might bring to mind Goldman's massive trading floors, where stocks, bonds, commodities and currencies are bought and sold on behalf of institutional clients and wealthy individuals.\nFor investors, Goldman Sachs Group Inc. is one of only two banks, along with JPMorgan Chase & Co. $(JPM)$, included among the 30 blue-chip stocks in the Dow Jones Industrial Average .\nLess visible is Goldman's role as a major player in the private-equity business.\n\n ‘Private equity is a bit of a black box for Goldman Sachs and other big banks in the business. There’s not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.’”\n\n\n — Ellen Hazen, F.L.Putnam Investment Management Co.\n\nGoldman provides glimpses of its activities in private equity and other alternatives in filings and presentations, with $416 billion in assets under supervision as of Sept. 30, up by about $100 billion since early 2020.\nUnder CEO David Solomon, Goldman has taken the alternative investing units spread throughout the firm and grouped them under the name Goldman Sachs Asset Management. The unit is led by Julian C. Salisbury, global head of asset management and a member of Goldman's overall management committee. The alternatives business includes the former merchant-bank unit that led major buyouts in the past, as well as its special-situations group, real estate and growth equity operations.\nGoldman vs. private-equity leaders\nGoldman Sachs laid out details of the business for the first time at its January 2020 investors meeting, when it disclosed $320 billion in alternative assets under supervision.\nThat dollar figure placed it in the same ballpark as the major private-equity firms, namely Apollo Global Management, with $331 billion in assets under management, or AUM, as of roughly the same date; Blackstone Group, with AUM of $571 billion; KKR & Co. $(KKR)$, with $218 billion of AUM; and Carlyle Group, which had $224.4 billion AUM. Goldman's AUM places it ahead of alternative investing units at other big U.S. banks.\nWhile institutional investors have been aware of Goldman's buyouts and other activities in private markets and alternatives, it has been hard for them to put a dollar value on any profits generated.\nThat's because private-equity fund managers operate through private partnerships to buy and sell private companies, often at undisclosed prices. As a rule, the Securities and Exchange Commission also restricts marketing communication about private-equity funds to accredited investors only, instead of through statements to the general public.\n\"Private equity is a bit of a black box for Goldman Sachs and other big banks in the business,\" said Ellen Hazen, principal and portfolio manager at F.L.Putnam Investment Management Co. \"There's not been a lot of transparency or disclosure, although the last couple of quarters the bank has increased its transparency and disclosure a little bit. But overall, investors haves assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.\"\nA more public face for private equity\nThe bank's leadership admits it has more to do to be known as a major force in the private-equity space.\n\"We are really a scaled player [in alternatives],\" Goldman's chief operating officer, John Waldron, said in June at the Bernstein Strategic Decisions Conference. \"We're already a top four player. It's not as well-known, because we have a big firm. We do a lot of things, and we maybe haven't been as purposeful about talking about the alternatives business as a stand-alone business.\"\nOn this front, the firm said it's raised more than $90 billion in capital against a goal of $150 billion by 2024 for its alternatives business. Since laying out the $150 billion fundraising goal in 2020, it's been drawing in fresh capital ahead of schedule.\n\"If we're doing private-equity investments, we're doing them under the asset-management business and in the new construct where we're raising funds with client capital and a portion of firm capital,\" said Heather Miner, chief operating officer of Goldman Sachs Asset Management, in an interview with MarketWatch. \"That's an important pivot -- to have greater clarity and a unified investing business that we can grow. We have a much more cohesive organization with a clear strategy.\"\nThe alternatives business also aims to tap synergies elsewhere in the bank. Goldman's investment-banking unit or its consumer and wealth management business may apprise clients of potential opportunities in alternative investments, for example.\nBetting on the Yankees, and Polo\nSome of the milestones for Goldman's private-equity operation include financing Polo Ralph Lauren in 1994 by purchasing a 28% stake in the company for $135 million, as the New York Times reported at the time. In 1998, the bank officially launched its Goldman Sachs Merchant Bank banner.\nGoldman backed the launch of the Yankees Entertainment and Sports Network in 2001 and made an investment in food-services giant Aramark (ARMK) in 2006.\nOn the eve of the global financial crisis, in 2007, Goldman had raised $20 billion for its GS Capital Partners VI LP buyout fund, making it one of the largest private-equity funds of its time.\nBanks then regrouped in the wake of the Dodd-Frank legislation that followed the collapse of Lehman Brothers in 2008.\nAfter the crisis, many of the private-equity groups at the big banks were jettisoned or scaled back.\nWhile Goldman Sachs remained in the business, many of its bankers left and formed their own private-equity firms.\nAmong them, Milton Berlinski and Peter Aberg co-founded Reverence Capital Partners in 2013, and Gerry Cardinale launched RedBird Capital Partners in 2014.\nNowadays, Goldman's motive is to be valued by investors as a business with a rich earnings stream from the lucrative business of asset management, rather than a generator of equity investment income from more opaque private funds.\nGoldman is working to get the word out on its private-equity assets as it sells positions and moves investments off its balance sheet into third-party vehicles. That activity reduces its common equity Tier 1 capital, which in turn trickles down to improve its return-on-equity performance.\nTier 1 capital is the core capital held in its reserves. The Tier 1 capital ratio compares a bank's equity capital and disclosed reserves with its total risk-weighted assets under Basel III banking regulations. It's a measure of a bank's strength against market disruptions and is aimed at ensuring a bank can absorb losses without its overall stability being threatened.\nMeanwhile, Goldman has quietly raised newer funds including a $14 billion credit fund called West Street Strategic Solutions Fund I, its largest fund since the financial crisis, according to a recent Bloomberg report. Its 2017 mezzanine debt fund, GS Mezzanine Partners VII, drew in $13 billion. That same year, it raised $7 billion for the buyout fund West Street Capital Partners VII. It disclosed plans to raise West Street Capital Partners VIII in late 2020, according to a filing.\nIn late September, Goldman took its Petershill Partners PLC unit public in the U.K. The business, which acquires minority stakes in private-equity firms, has a market cap of about $5 billion.\nF.L. Putnam's Hazen said it does not include any Goldman Sachs shares in its managed stock portfolio, but it's overweight in financials including JPMorgan, Morgan Stanley $(MS)$ and Bank of America because of the prospect for higher net interest income on loans as interest rates rise, as well as the scale and efficiency they offer as big players.\n\"Private equity is not a significant business for other big banks,\" Hazen said. \"The core reason to own those is a steeper yield curve that will help all the banks.\"\nOverall, the banks are very much leaders in their fields, whether in commercial banking or consumer banking or private wealth management, she said. \"They'll likely be able to grow faster than the core financial sector because they're leaders that can leverage their market share and attract good talent,\" Hazen said.\nGoldman details private-equity assets\nGoldman Sachs Asset Management operates as one of four main pillars at the bank, alongside global markets, investment banking, and consumer and wealth management.\nAt its 2020 investor day, Goldman said its average net internal rate of return, or IRR, on equity investments totaled 15.5% per year and that its return on private credit since the financial crisis had been 9.8%.\nIn an update on this goal during its third-quarter earnings call on Oct. 15, the bank said it had raised $90 billion against the $150 billion target, as its total asset-management business tipped the scales at $1.7 trillion.\n\"We continue to transition our alternatives business to more third-party funds, and we have gained momentum as we spend a significant amount of time with new and existing institutional clients,\" CEO Solomon said on the call.\nSince its 2020 investor day, Goldman has harvested about $16 billion in private positions, offset by $9 billion of portfolio markups and additions of $5 billion from early fund facilitation and other commitments, Solomon said on the bank's third-quarter earnings call. The bank said its implied capital associated with total dispositions in both private and public positions since its 2020 investor day totaled $8 billion.\n\"We continue to have line of sight on $2.8 billion of incremental private asset sales corresponding to $2 billion of capital reduction,\" Solomon said.\nIn his comments in June, COO Waldron said the company continued to be “very purposeful” about reducing its balance sheet, reducing its capital intensity and shifting to a more funds-driven approach.\n“You’re seeing us push very far in taking assets off the balance sheet and substituting those assets either into other parts of the firm or that balance-sheet capacity in other parts of the firm or into third-party funds, where we can invest alongside in a more capital-efficient manner,” Waldron said. “So we feel great about the progress. We’re getting very good receptivity in the third-party capital-raising market. And I think it’s going to be a business. It’s going to add a tremendous amount of value to the firm over time.”","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":3853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875665055,"gmtCreate":1637644948637,"gmtModify":1637644948766,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Hold no good","listText":"Hold no good","text":"Hold no good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/875665055","repostId":"2185808120","repostType":4,"repost":{"id":"2185808120","kind":"highlight","pubTimestamp":1637625517,"share":"https://www.laohunote.com/m/news/2185808120?lang=zh_CN&edition=full","pubTime":"2021-11-23 07:58","market":"us","language":"en","title":"Here's what Powell's nomination for 2nd term as Fed chairman means for markets<blockquote>鲍威尔被提名连任美联储主席对市场意味着什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2185808120","media":"MarketWatch","summary":"Investors buoyed by 'continuity' as rival Brainard gets No. 2 spot, analysts say\nMarketWatch photo i","content":"<p>Investors buoyed by 'continuity' as rival Brainard gets No. 2 spot, analysts say</p><p><blockquote>分析师表示，竞争对手布雷纳德获得第二名，投资者受到“连续性”的鼓舞</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d3ac1d26d057b0dd795501f245715c\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>MarketWatch photo illustration/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch 照片插图/Getty Images</span></p></blockquote></p><p> Stock-market investors appeared to be cheering President Joe Biden's decision Monday to nominate Jerome Powell to serve a second four-year term as Federal Reserve chairman.</p><p><blockquote>股市投资者似乎对乔·拜登总统周一提名杰罗姆·鲍威尔连任美联储主席四年的决定欢呼。</blockquote></p><p> The move had been widely anticipated by many, including betting markets.</p><p><blockquote>包括博彩市场在内的许多人普遍预料到了这一举措。</blockquote></p><p> Some questions about Powell being renamed to the helm of the central had been lingering as markets have been anxious about a surge in inflation in the aftermath of the pandemic, and some have argued that the central bank needs to employ more aggressive tactics or risk a 1970s-style surge in the price of goods and services amid supply-chain bottlenecks and a surge in demand.</p><p><blockquote>由于市场一直担心大流行后通胀飙升，一些关于鲍威尔被重新命名为央行掌舵人的问题一直挥之不去，一些人认为央行需要采取更激进的策略，否则将面临20世纪70年代式的商品和服务价格飙升的风险。供应链瓶颈和需求激增。</blockquote></p><p> Biden's choice was seen as coming down to Powell or Fed Gov. Lael Brainard, who was viewed by analysts as potentially more dovish on inflation. Biden nominated Brainard to a term as vice chairwoman, succeeding Richard Clarida, whose term as the central bank's No. 2 official expires on Jan. 31.</p><p><blockquote>拜登的选择被视为取决于鲍威尔或美联储理事莱尔·布雷纳德，分析师认为后者在通胀问题上可能更加鸽派。拜登提名布雷纳德担任副主席，接替理查德·克拉里达，后者作为央行二号官员的任期将于 1 月 31 日到期。</blockquote></p><p> \"Both were great candidates but sticking with Powell provided valuable continuity as the Fed seeks to implement its new framework and continue to put employment alongside price stability as a core mandate,\" said Kathryn Judge, a professor at Columbia Law School. \"Particularly with recent price increases and growing concerns about inflation, there are benefits from standing by a trusted and widely respected leader.\"</p><p><blockquote>哥伦比亚法学院教授凯瑟琳·贾奇表示：“两人都是出色的候选人，但在美联储寻求实施新框架并继续将就业与价格稳定一起作为核心任务时，坚持鲍威尔提供了宝贵的连续性。”“特别是最近物价上涨和对通货膨胀的担忧日益加剧，站在值得信赖和广泛尊重的领导者一边是有好处的。”</blockquote></p><p> The Dow Jones Industrial Average , the S&amp;P 500 index and the Nasdaq Composite Index were all trading at or near records.</p><p><blockquote>道琼斯工业平均指数、标普500指数和纳斯达克综合指数均处于或接近历史最高水平。</blockquote></p><p> \"The reappointment of Chairman Powell is a very positive development for markets and the economy because it provides continuity at a critical time,\" wrote Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, in emailed comments.</p><p><blockquote>独立顾问联盟首席投资官克里斯·扎卡雷利在电子邮件评论中写道：“鲍威尔主席的连任对市场和经济来说是一个非常积极的进展，因为它在关键时刻提供了连续性。”</blockquote></p><p> Powell's nomination also comes as the Fed has begun to taper its monthly purchases of Treasurys and mortgage-backed securities, on a timetable to wind down the program by June. Many also are anticipating that the Fed also might look to raise rates two or three times in 2022 as it attempts to rein in the surge in inflation and normalize interest rates in the aftermath of the worst pandemic in over a century.</p><p><blockquote>鲍威尔被提名之际，美联储已开始逐步减少每月购买的国债和抵押贷款支持证券，计划在 6 月份结束该计划。许多人还预计，美联储可能会在 2022 年加息两到三次，以试图在一个多世纪以来最严重的疫情之后控制通胀飙升并实现利率正常化。</blockquote></p><p> \"The economy is experiencing an increase in inflation and the Fed has already taken steps to reduce their extraordinary stimulus measures (tapering), but they will need to move more quickly in addressing the inflation threats so that they don't become entrenched,\" Zaccarelli writes.</p><p><blockquote>扎卡雷利写道：“经济正在经历通胀加剧，美联储已经采取措施减少非常规刺激措施（缩减规模），但他们需要更快地应对通胀威胁，以免这些威胁根深蒂固。”</blockquote></p><p> The nominations end months of uncertainty and speculation about the leadership of the Fed at what is viewed as a crucial time in the recovery phase of the economy. Markets have been climbing to all-time highs even as yields for long-dated Treasurys were receding, suggesting that doubts remain about the economic outlook.</p><p><blockquote>这些提名结束了数月来对美联储领导层的不确定性和猜测，这被视为经济复苏阶段的关键时刻。尽管长期国债收益率正在下降，但市场仍在攀升至历史高点，这表明人们对经济前景仍然存在疑虑。</blockquote></p><p> The yield for the 10-year Treasury note was hovering just below 1.60%, after climbing over 5 basis points, while the S&amp;P 500 and the Nasdaq Composite indexes touched record intraday highs on Monday, the start of a historically solid period for equities in the week of Thanksgiving.</p><p><blockquote>10年期国债收益率在攀升超过5个基点后徘徊在1.60%以下，而标普500和纳斯达克综合指数周一触及盘中新高，标志着股市历史性稳健时期的开始感恩节周。</blockquote></p><p> On top of that, the Fed appears split about monetary-policy next steps, with some advocating for a go-slow approach to tapering and interest-rate raises, while others have been championing a faster rate of normalization moves to beat back inflation. The pace of consumer inflation over the past year marched to 6.2% in October from 5.4% in the prior month. That is more than triple the Federal Reserve's 2% target and is the highest rate since November 1990.</p><p><blockquote>最重要的是，美联储对货币政策的下一步措施似乎存在分歧，一些人主张放慢缩减规模和加息步伐，而另一些人则主张加快正常化步伐以遏制通胀。过去一年的消费者通胀率从上个月的5.4%升至10月份的6.2%。这是美联储2%目标的三倍多，也是自1990年11月以来的最高利率。</blockquote></p><p> The outlook for inflation seems uncertain, with some betting that pricing pressures will intensify, while others are making the case that inflation is in the process of peaking.</p><p><blockquote>通胀前景似乎不确定，一些人押注定价压力将加剧，而另一些人则认为通胀正在见顶。</blockquote></p><p> For his part, Powell has been viewed by supporters within the administration as a steady hand, The Wall Street Journal reported, citing sources, describing him as helping \"restore bipartisan support for the central bank one decade after its reputation was badly bruised by the 2008 financial crisis.\"</p><p><blockquote>《华尔街日报》援引消息人士的话报道称，鲍威尔则被政府内部的支持者视为一只稳定的手，称他帮助“在美联储声誉严重受损十年后恢复两党对美联储的支持” 2008 年金融危机。”</blockquote></p><p> \"I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs,\" Biden said in a statement.</p><p><blockquote>拜登在一份声明中说：“经过过去 20 个月的严峻考验，我完全相信鲍威尔主席和布雷纳德博士将提供我们国家所需的强有力的领导。”</blockquote></p><p> The Senate is expected to confirm Powell, 68, before his first term expires in February.</p><p><blockquote>预计参议院将在 68 岁的鲍威尔的第一个任期于 2 月份到期之前确认他的任命。</blockquote></p><p> The Journal report said that putting Brainard as the Fed No. 2 represents a compromise for Biden with progressives in his party who had criticized Powell. Indeed, Democratic Sen. Elizabeth Warren of Massachusetts, accused Powell of watering down financial safeguards put in place after the panic of 2008 and called him a \"dangerous man.\"</p><p><blockquote>《华尔街日报》报道称，让布雷纳德担任美联储二号人物代表了拜登与党内批评鲍威尔的进步人士的妥协。事实上，马萨诸塞州民主党参议员伊丽莎白·沃伦指责鲍威尔淡化了 2008 年恐慌后实施的金融保护措施，并称他为“危险人物”。</blockquote></p><p></p><p> Ryan Detrick, chief market strategist for LPL Financial, Powell's renomination represents \"one less worry now,\" for markets participants.</p><p><blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 表示，对于市场参与者来说，鲍威尔的重新提名意味着“现在少了一个担忧”。</blockquote></p><p> Jeff Klingelhofer, co-head of investments at Thornburg Investment Management, said that \"with elevating inflation concerns on just about everyone's mind, Brainard would have been more difficult for the market to digest as chair.\"</p><p><blockquote>Thornburg Investment Management 投资联席主管杰夫·克林格尔霍弗 (Jeff Klingelhofer) 表示，“由于几乎每个人都在担心通胀问题，布雷纳德作为主席将更难被市场消化。”</blockquote></p><p> \"Her appointment to vice chair offers Democrats a ballast to Powell and a likely regulatory win,\" he wrote, in emailed remarks.</p><p><blockquote>他在电子邮件评论中写道：“她被任命为副主席为民主党提供了对鲍威尔的压舱石，并可能在监管方面取得胜利。”</blockquote></p><p> Biden will still oversee three other nominations for the Fed, including a replacement for Federal Reserve Gov. Randal Quarles, after a number of members announcement early retirements. Quarles said that he would resign at the end of December.</p><p><blockquote>在一些成员宣布提前退休后，拜登仍将监督美联储的其他三项提名，包括美联储理事兰德尔·夸尔斯的继任者。夸尔斯表示，他将在12月底辞职。</blockquote></p><p> Meanwhile, Powell's pick is likely to be a positive for digital assets like bitcoin , which the central banker has said that he would not move to restrict. The Fed also has been working on its own central bank digital currency, or CBDC.</p><p><blockquote>与此同时，鲍威尔的选择可能对比特币等数字资产有利，这位央行行长表示他不会采取行动限制这些资产。美联储也一直在开发自己的央行数字货币（CBDC）。</blockquote></p><p> Bank stocks also were climbing reports, MarketWatch's Steve Gelsi. He notes that Brainard's name had come up as someone who might take bank regulator to replace the position being vacated by Trump nominee Quarles. The position could be vacated for some time, with potential candidates including Atlanta Fed President Raphael Bostic, former Fed Gov. Sarah Bloom Raskin and acting comptroller of the currency Michael Hsu in the mix.</p><p><blockquote>MarketWatch 的 Steve Gelsi 报道称，银行股也在攀升。他指出，布雷纳德的名字已经出现，他可能会接替特朗普提名人夸尔斯空出的银行监管机构职位。该职位可能会空缺一段时间，潜在候选人包括亚特兰大联储主席拉斐尔·博斯蒂克、前美联储理事莎拉·布鲁姆·拉斯金和代理货币审计长迈克尔·许。</blockquote></p><p> The financial sectors&nbsp;rose 1.4% on Monday, among the best performing among the S&amp;P 500's 11 sectors on Monday. The SPDR S&amp;P Bank ETF&nbsp;rose 1.3%, while the Invesco KBW Bank ETF&nbsp;rose 1.8%, as Treasury yields climbed on the session.</p><p><blockquote>金融板块周一上涨1.4%，是标准普尔500指数11个板块中表现最好的板块之一。随着国债收益率在盘中攀升，SPDR S&amp;P Bank ETF 上涨 1.3%，Invesco KBW Bank ETF 上涨 1.8%。</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>Here's what Powell's nomination for 2nd term as Fed chairman means for markets<blockquote>鲍威尔被提名连任美联储主席对市场意味着什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's what Powell's nomination for 2nd term as Fed chairman means for markets<blockquote>鲍威尔被提名连任美联储主席对市场意味着什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-11-23 07:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors buoyed by 'continuity' as rival Brainard gets No. 2 spot, analysts say</p><p><blockquote>分析师表示，竞争对手布雷纳德获得第二名，投资者受到“连续性”的鼓舞</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d3ac1d26d057b0dd795501f245715c\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>MarketWatch photo illustration/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch 照片插图/Getty Images</span></p></blockquote></p><p> Stock-market investors appeared to be cheering President Joe Biden's decision Monday to nominate Jerome Powell to serve a second four-year term as Federal Reserve chairman.</p><p><blockquote>股市投资者似乎对乔·拜登总统周一提名杰罗姆·鲍威尔连任美联储主席四年的决定欢呼。</blockquote></p><p> The move had been widely anticipated by many, including betting markets.</p><p><blockquote>包括博彩市场在内的许多人普遍预料到了这一举措。</blockquote></p><p> Some questions about Powell being renamed to the helm of the central had been lingering as markets have been anxious about a surge in inflation in the aftermath of the pandemic, and some have argued that the central bank needs to employ more aggressive tactics or risk a 1970s-style surge in the price of goods and services amid supply-chain bottlenecks and a surge in demand.</p><p><blockquote>由于市场一直担心大流行后通胀飙升，一些关于鲍威尔被重新命名为央行掌舵人的问题一直挥之不去，一些人认为央行需要采取更激进的策略，否则将面临20世纪70年代式的商品和服务价格飙升的风险。供应链瓶颈和需求激增。</blockquote></p><p> Biden's choice was seen as coming down to Powell or Fed Gov. Lael Brainard, who was viewed by analysts as potentially more dovish on inflation. Biden nominated Brainard to a term as vice chairwoman, succeeding Richard Clarida, whose term as the central bank's No. 2 official expires on Jan. 31.</p><p><blockquote>拜登的选择被视为取决于鲍威尔或美联储理事莱尔·布雷纳德，分析师认为后者在通胀问题上可能更加鸽派。拜登提名布雷纳德担任副主席，接替理查德·克拉里达，后者作为央行二号官员的任期将于 1 月 31 日到期。</blockquote></p><p> \"Both were great candidates but sticking with Powell provided valuable continuity as the Fed seeks to implement its new framework and continue to put employment alongside price stability as a core mandate,\" said Kathryn Judge, a professor at Columbia Law School. \"Particularly with recent price increases and growing concerns about inflation, there are benefits from standing by a trusted and widely respected leader.\"</p><p><blockquote>哥伦比亚法学院教授凯瑟琳·贾奇表示：“两人都是出色的候选人，但在美联储寻求实施新框架并继续将就业与价格稳定一起作为核心任务时，坚持鲍威尔提供了宝贵的连续性。”“特别是最近物价上涨和对通货膨胀的担忧日益加剧，站在值得信赖和广泛尊重的领导者一边是有好处的。”</blockquote></p><p> The Dow Jones Industrial Average , the S&amp;P 500 index and the Nasdaq Composite Index were all trading at or near records.</p><p><blockquote>道琼斯工业平均指数、标普500指数和纳斯达克综合指数均处于或接近历史最高水平。</blockquote></p><p> \"The reappointment of Chairman Powell is a very positive development for markets and the economy because it provides continuity at a critical time,\" wrote Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, in emailed comments.</p><p><blockquote>独立顾问联盟首席投资官克里斯·扎卡雷利在电子邮件评论中写道：“鲍威尔主席的连任对市场和经济来说是一个非常积极的进展，因为它在关键时刻提供了连续性。”</blockquote></p><p> Powell's nomination also comes as the Fed has begun to taper its monthly purchases of Treasurys and mortgage-backed securities, on a timetable to wind down the program by June. Many also are anticipating that the Fed also might look to raise rates two or three times in 2022 as it attempts to rein in the surge in inflation and normalize interest rates in the aftermath of the worst pandemic in over a century.</p><p><blockquote>鲍威尔被提名之际，美联储已开始逐步减少每月购买的国债和抵押贷款支持证券，计划在 6 月份结束该计划。许多人还预计，美联储可能会在 2022 年加息两到三次，以试图在一个多世纪以来最严重的疫情之后控制通胀飙升并实现利率正常化。</blockquote></p><p> \"The economy is experiencing an increase in inflation and the Fed has already taken steps to reduce their extraordinary stimulus measures (tapering), but they will need to move more quickly in addressing the inflation threats so that they don't become entrenched,\" Zaccarelli writes.</p><p><blockquote>扎卡雷利写道：“经济正在经历通胀加剧，美联储已经采取措施减少非常规刺激措施（缩减规模），但他们需要更快地应对通胀威胁，以免这些威胁根深蒂固。”</blockquote></p><p> The nominations end months of uncertainty and speculation about the leadership of the Fed at what is viewed as a crucial time in the recovery phase of the economy. Markets have been climbing to all-time highs even as yields for long-dated Treasurys were receding, suggesting that doubts remain about the economic outlook.</p><p><blockquote>这些提名结束了数月来对美联储领导层的不确定性和猜测，这被视为经济复苏阶段的关键时刻。尽管长期国债收益率正在下降，但市场仍在攀升至历史高点，这表明人们对经济前景仍然存在疑虑。</blockquote></p><p> The yield for the 10-year Treasury note was hovering just below 1.60%, after climbing over 5 basis points, while the S&amp;P 500 and the Nasdaq Composite indexes touched record intraday highs on Monday, the start of a historically solid period for equities in the week of Thanksgiving.</p><p><blockquote>10年期国债收益率在攀升超过5个基点后徘徊在1.60%以下，而标普500和纳斯达克综合指数周一触及盘中新高，标志着股市历史性稳健时期的开始感恩节周。</blockquote></p><p> On top of that, the Fed appears split about monetary-policy next steps, with some advocating for a go-slow approach to tapering and interest-rate raises, while others have been championing a faster rate of normalization moves to beat back inflation. The pace of consumer inflation over the past year marched to 6.2% in October from 5.4% in the prior month. That is more than triple the Federal Reserve's 2% target and is the highest rate since November 1990.</p><p><blockquote>最重要的是，美联储对货币政策的下一步措施似乎存在分歧，一些人主张放慢缩减规模和加息步伐，而另一些人则主张加快正常化步伐以遏制通胀。过去一年的消费者通胀率从上个月的5.4%升至10月份的6.2%。这是美联储2%目标的三倍多，也是自1990年11月以来的最高利率。</blockquote></p><p> The outlook for inflation seems uncertain, with some betting that pricing pressures will intensify, while others are making the case that inflation is in the process of peaking.</p><p><blockquote>通胀前景似乎不确定，一些人押注定价压力将加剧，而另一些人则认为通胀正在见顶。</blockquote></p><p> For his part, Powell has been viewed by supporters within the administration as a steady hand, The Wall Street Journal reported, citing sources, describing him as helping \"restore bipartisan support for the central bank one decade after its reputation was badly bruised by the 2008 financial crisis.\"</p><p><blockquote>《华尔街日报》援引消息人士的话报道称，鲍威尔则被政府内部的支持者视为一只稳定的手，称他帮助“在美联储声誉严重受损十年后恢复两党对美联储的支持” 2008 年金融危机。”</blockquote></p><p> \"I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs,\" Biden said in a statement.</p><p><blockquote>拜登在一份声明中说：“经过过去 20 个月的严峻考验，我完全相信鲍威尔主席和布雷纳德博士将提供我们国家所需的强有力的领导。”</blockquote></p><p> The Senate is expected to confirm Powell, 68, before his first term expires in February.</p><p><blockquote>预计参议院将在 68 岁的鲍威尔的第一个任期于 2 月份到期之前确认他的任命。</blockquote></p><p> The Journal report said that putting Brainard as the Fed No. 2 represents a compromise for Biden with progressives in his party who had criticized Powell. Indeed, Democratic Sen. Elizabeth Warren of Massachusetts, accused Powell of watering down financial safeguards put in place after the panic of 2008 and called him a \"dangerous man.\"</p><p><blockquote>《华尔街日报》报道称，让布雷纳德担任美联储二号人物代表了拜登与党内批评鲍威尔的进步人士的妥协。事实上，马萨诸塞州民主党参议员伊丽莎白·沃伦指责鲍威尔淡化了 2008 年恐慌后实施的金融保护措施，并称他为“危险人物”。</blockquote></p><p></p><p> Ryan Detrick, chief market strategist for LPL Financial, Powell's renomination represents \"one less worry now,\" for markets participants.</p><p><blockquote>LPL Financial 首席市场策略师瑞安·德特里克 (Ryan Detrick) 表示，对于市场参与者来说，鲍威尔的重新提名意味着“现在少了一个担忧”。</blockquote></p><p> Jeff Klingelhofer, co-head of investments at Thornburg Investment Management, said that \"with elevating inflation concerns on just about everyone's mind, Brainard would have been more difficult for the market to digest as chair.\"</p><p><blockquote>Thornburg Investment Management 投资联席主管杰夫·克林格尔霍弗 (Jeff Klingelhofer) 表示，“由于几乎每个人都在担心通胀问题，布雷纳德作为主席将更难被市场消化。”</blockquote></p><p> \"Her appointment to vice chair offers Democrats a ballast to Powell and a likely regulatory win,\" he wrote, in emailed remarks.</p><p><blockquote>他在电子邮件评论中写道：“她被任命为副主席为民主党提供了对鲍威尔的压舱石，并可能在监管方面取得胜利。”</blockquote></p><p> Biden will still oversee three other nominations for the Fed, including a replacement for Federal Reserve Gov. Randal Quarles, after a number of members announcement early retirements. Quarles said that he would resign at the end of December.</p><p><blockquote>在一些成员宣布提前退休后，拜登仍将监督美联储的其他三项提名，包括美联储理事兰德尔·夸尔斯的继任者。夸尔斯表示，他将在12月底辞职。</blockquote></p><p> Meanwhile, Powell's pick is likely to be a positive for digital assets like bitcoin , which the central banker has said that he would not move to restrict. The Fed also has been working on its own central bank digital currency, or CBDC.</p><p><blockquote>与此同时，鲍威尔的选择可能对比特币等数字资产有利，这位央行行长表示他不会采取行动限制这些资产。美联储也一直在开发自己的央行数字货币（CBDC）。</blockquote></p><p> Bank stocks also were climbing reports, MarketWatch's Steve Gelsi. He notes that Brainard's name had come up as someone who might take bank regulator to replace the position being vacated by Trump nominee Quarles. The position could be vacated for some time, with potential candidates including Atlanta Fed President Raphael Bostic, former Fed Gov. Sarah Bloom Raskin and acting comptroller of the currency Michael Hsu in the mix.</p><p><blockquote>MarketWatch 的 Steve Gelsi 报道称，银行股也在攀升。他指出，布雷纳德的名字已经出现，他可能会接替特朗普提名人夸尔斯空出的银行监管机构职位。该职位可能会空缺一段时间，潜在候选人包括亚特兰大联储主席拉斐尔·博斯蒂克、前美联储理事莎拉·布鲁姆·拉斯金和代理货币审计长迈克尔·许。</blockquote></p><p> The financial sectors&nbsp;rose 1.4% on Monday, among the best performing among the S&amp;P 500's 11 sectors on Monday. The SPDR S&amp;P Bank ETF&nbsp;rose 1.3%, while the Invesco KBW Bank ETF&nbsp;rose 1.8%, as Treasury yields climbed on the session.</p><p><blockquote>金融板块周一上涨1.4%，是标准普尔500指数11个板块中表现最好的板块之一。随着国债收益率在盘中攀升，SPDR S&amp;P Bank ETF 上涨 1.3%，Invesco KBW Bank ETF 上涨 1.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-what-powells-nomination-for-2nd-term-as-fed-chairman-means-for-markets-11637599539?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":{"XLF":"金融ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/heres-what-powells-nomination-for-2nd-term-as-fed-chairman-means-for-markets-11637599539?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185808120","content_text":"Investors buoyed by 'continuity' as rival Brainard gets No. 2 spot, analysts say\nMarketWatch photo illustration/Getty Images\nStock-market investors appeared to be cheering President Joe Biden's decision Monday to nominate Jerome Powell to serve a second four-year term as Federal Reserve chairman.\nThe move had been widely anticipated by many, including betting markets.\nSome questions about Powell being renamed to the helm of the central had been lingering as markets have been anxious about a surge in inflation in the aftermath of the pandemic, and some have argued that the central bank needs to employ more aggressive tactics or risk a 1970s-style surge in the price of goods and services amid supply-chain bottlenecks and a surge in demand.\nBiden's choice was seen as coming down to Powell or Fed Gov. Lael Brainard, who was viewed by analysts as potentially more dovish on inflation. Biden nominated Brainard to a term as vice chairwoman, succeeding Richard Clarida, whose term as the central bank's No. 2 official expires on Jan. 31.\n\"Both were great candidates but sticking with Powell provided valuable continuity as the Fed seeks to implement its new framework and continue to put employment alongside price stability as a core mandate,\" said Kathryn Judge, a professor at Columbia Law School. \"Particularly with recent price increases and growing concerns about inflation, there are benefits from standing by a trusted and widely respected leader.\"\nThe Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index were all trading at or near records.\n\"The reappointment of Chairman Powell is a very positive development for markets and the economy because it provides continuity at a critical time,\" wrote Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, in emailed comments.\nPowell's nomination also comes as the Fed has begun to taper its monthly purchases of Treasurys and mortgage-backed securities, on a timetable to wind down the program by June. Many also are anticipating that the Fed also might look to raise rates two or three times in 2022 as it attempts to rein in the surge in inflation and normalize interest rates in the aftermath of the worst pandemic in over a century.\n\"The economy is experiencing an increase in inflation and the Fed has already taken steps to reduce their extraordinary stimulus measures (tapering), but they will need to move more quickly in addressing the inflation threats so that they don't become entrenched,\" Zaccarelli writes.\nThe nominations end months of uncertainty and speculation about the leadership of the Fed at what is viewed as a crucial time in the recovery phase of the economy. Markets have been climbing to all-time highs even as yields for long-dated Treasurys were receding, suggesting that doubts remain about the economic outlook.\nThe yield for the 10-year Treasury note was hovering just below 1.60%, after climbing over 5 basis points, while the S&P 500 and the Nasdaq Composite indexes touched record intraday highs on Monday, the start of a historically solid period for equities in the week of Thanksgiving.\nOn top of that, the Fed appears split about monetary-policy next steps, with some advocating for a go-slow approach to tapering and interest-rate raises, while others have been championing a faster rate of normalization moves to beat back inflation. The pace of consumer inflation over the past year marched to 6.2% in October from 5.4% in the prior month. That is more than triple the Federal Reserve's 2% target and is the highest rate since November 1990.\nThe outlook for inflation seems uncertain, with some betting that pricing pressures will intensify, while others are making the case that inflation is in the process of peaking.\nFor his part, Powell has been viewed by supporters within the administration as a steady hand, The Wall Street Journal reported, citing sources, describing him as helping \"restore bipartisan support for the central bank one decade after its reputation was badly bruised by the 2008 financial crisis.\"\n\"I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs,\" Biden said in a statement.\nThe Senate is expected to confirm Powell, 68, before his first term expires in February.\nThe Journal report said that putting Brainard as the Fed No. 2 represents a compromise for Biden with progressives in his party who had criticized Powell. Indeed, Democratic Sen. Elizabeth Warren of Massachusetts, accused Powell of watering down financial safeguards put in place after the panic of 2008 and called him a \"dangerous man.\"\nRyan Detrick, chief market strategist for LPL Financial, Powell's renomination represents \"one less worry now,\" for markets participants.\nJeff Klingelhofer, co-head of investments at Thornburg Investment Management, said that \"with elevating inflation concerns on just about everyone's mind, Brainard would have been more difficult for the market to digest as chair.\"\n\"Her appointment to vice chair offers Democrats a ballast to Powell and a likely regulatory win,\" he wrote, in emailed remarks.\nBiden will still oversee three other nominations for the Fed, including a replacement for Federal Reserve Gov. Randal Quarles, after a number of members announcement early retirements. Quarles said that he would resign at the end of December.\nMeanwhile, Powell's pick is likely to be a positive for digital assets like bitcoin , which the central banker has said that he would not move to restrict. The Fed also has been working on its own central bank digital currency, or CBDC.\nBank stocks also were climbing reports, MarketWatch's Steve Gelsi. He notes that Brainard's name had come up as someone who might take bank regulator to replace the position being vacated by Trump nominee Quarles. The position could be vacated for some time, with potential candidates including Atlanta Fed President Raphael Bostic, former Fed Gov. Sarah Bloom Raskin and acting comptroller of the currency Michael Hsu in the mix.\nThe financial sectors rose 1.4% on Monday, among the best performing among the S&P 500's 11 sectors on Monday. The SPDR S&P Bank ETF rose 1.3%, while the Invesco KBW Bank ETF rose 1.8%, as Treasury yields climbed on the session.","news_type":1,"symbols_score_info":{".DJI":0.9,"XLF":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876626875,"gmtCreate":1637307455937,"gmtModify":1637307456057,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Big big move&nbsp;","listText":"Big big move&nbsp;","text":"Big big move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876626875","repostId":"1101328595","repostType":4,"repost":{"id":"1101328595","kind":"news","pubTimestamp":1637305072,"share":"https://www.laohunote.com/m/news/1101328595?lang=zh_CN&edition=full","pubTime":"2021-11-19 14:57","market":"us","language":"en","title":"Think Rivian Stock Is Volatile Now? Dec. 6 Could Bring Big Moves.<blockquote>认为Rivian股票现在波动很大吗？12月6日可能会带来重大举措。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101328595","media":"Barrons","summary":"Rivian Automotive stock is giving back some of its epic early gains following the company’s successf","content":"<p>Rivian Automotive&nbsp;stock is giving back some of its epic early gains following the company’s successful IPO. Investors can expect shares to stay volatile for a while, especially because no one know what Wall Street analysts thinks about the company.</p><p><blockquote>Rivian汽车公司成功上市后，该公司的股票正在回吐早期的一些史诗般的涨幅。投资者可以预计股价将在一段时间内保持波动，特别是因为没有人知道华尔街分析师对该公司的看法。</blockquote></p><p> No one on Wall Street covers the stock yet, according to Bloomberg. It could move still more as analysts weigh in with their views.</p><p><blockquote>据彭博社报道，华尔街上还没有人报道这只股票。随着分析师权衡他们的观点，它可能会变得更大。</blockquote></p><p> Early Thursday, Rivian (ticker: RIVN) stock was down about 13%, while the&nbsp;S&amp;P 500&nbsp;had fallen by 0.2%. The&nbsp;Dow Jones Industrial Average&nbsp;had shed about 0.6%.</p><p><blockquote>周四早些时候，Rivian（股票代码：RIVN）股价下跌约13%，而标普500则下跌0.2%。道琼斯工业平均指数下跌约 0.6%。</blockquote></p><p> Thursday’s slide follows a 15% drop on Wednesday, but Rivian stock rose 121% the first five trading days following its initial public offering. At about $128 a share, Rivian stock is up about 64% from its $78 IPO price.</p><p><blockquote>周四的下跌是在周三下跌 15% 之后发生的，但Rivian股价在首次公开募股后的前五个交易日上涨了 121%。Rivian股价约为每股 128 美元，较 78 美元的 IPO 价格上涨约 64%。</blockquote></p><p> It is no surprise that no one on Wall Street is covering the stock. Coverage usually comes about a month after an IPO wraps up. Brokers participating in an offering are typically prohibited from publishing research for about 25 days following the deal.</p><p><blockquote>华尔街没有人关注该股也就不足为奇了。报道通常在 IPO 结束后一个月左右到来。参与发行的经纪人通常在交易后约 25 天内被禁止发布研究报告。</blockquote></p><p> Weekends can affect the exact timing of the start of coverage.Pinterest&nbsp;(PINS), for instance, sold shares in an IPO on April 17, 2019. Most of the analysts launched coverage on May 17, 30 days later.ZoomInfo Technologies&nbsp;(ZI) sold shares on June 3, 2020. Coverage came on June 29.</p><p><blockquote>周末会影响报道开始的确切时间。例如，Pinterest (PINS) 于 2019 年 4 月 17 日在 IPO 中出售了股票。大多数分析师于 30 天后的 5 月 17 日开始报道。ZoomInfo Technologies (ZI) 于 2020 年 6 月 3 日出售股票。报道于6月29日到来。</blockquote></p><p> Brokers who aren’t part of the IPO can, of course, do whatever they like regarding coverage. But Rivian’s IPO was big. Brokers that played a role include Morgan Stanley, Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, Wells Fargo, Piper Sandler, RBC, Baird, Wedbush, Loop Capital, and many others.</p><p><blockquote>当然，不参与 IPO 的经纪人可以在承保范围方面为所欲为。但Rivian的首次公开募股规模很大。发挥作用的经纪商包括摩根士丹利、高盛、摩根大通、巴克莱、德意志银行、富国银行、派珀桑德勒、加拿大皇家银行、贝尔德、韦德布什、Loop Capital 等。</blockquote></p><p> That means not a lot of coverage will be arriving early. Analysis from large brokers should arrive around Dec. 6.</p><p><blockquote>这意味着不会有很多报道会提前到达。大型经纪商的分析应该会在 12 月 6 日左右发布。</blockquote></p><p> Whether analysts launch with Buy, Hold or Sell ratings will have a lot to do with where the stock goes between now and then. It’s tough to estimate exactly how ratings will turn out.</p><p><blockquote>分析师是给出买入、持有还是卖出评级，将与该股从现在到那时的走势有很大关系。很难准确估计收视率会如何。</blockquote></p><p> Rivian is, after all, highly valued. At $128 a share, Rivian’s market capitalization is about $128 billion, based on roughly 1 billion fully diluted shares outstanding. That is more than either&nbsp;Ford Motor&nbsp;(F) and&nbsp;General Motors&nbsp;(GM), even though Rivian has delivered just a handful of its electric trucks. Investors are optimistic about the future of EVs and Rivian’s place in the EV industry.</p><p><blockquote>毕竟，Rivian被高度重视。按每股 1228 美元计算，Rivian的市值约为 1280 亿美元，按大约 10 亿股完全稀释后的流通股计算。这比福特汽车 (F) 和通用汽车 (GM) 都要多，尽管Rivian只交付了少数电动卡车。投资者对电动汽车的未来以及Rivian在电动汽车行业的地位持乐观态度。</blockquote></p><p> Other EV ratings offer clues about the stand analysts will take.Tesla&nbsp;(TSLA) is, of course, the world’s most valuable EV and automotive company. It has 21 Buy ratings out of 45 analysts.Lucid&nbsp;(LCID), an EV start-up somewhat similar to Rivian, has two Buy ratings and one Sell rating.</p><p><blockquote>其他电动汽车评级为分析师的立场提供了线索。特斯拉（TSLA）当然是世界上最有价值的电动汽车和汽车公司。45 名分析师中有 21 名给予买入评级。 Lucid (LCID) 是一家与Rivian有些相似的电动汽车初创公司，拥有两个买入评级和一个卖出评级。</blockquote></p><p> Lucid, however, wasn’t a traditional IPO. That company merged with a SPAC to raise money and become publicly traded. The timing of coverage for SPAC-related companies is another story.</p><p><blockquote>然而，Lucid 并不是传统的 IPO。该公司与 SPAC 合并以筹集资金并上市。SPAC 相关公司的覆盖时机则是另一回事。</blockquote></p><p> Analysts don’t typically cover SPACs and don’t launch coverage of a company merging with a SPAC until the transaction closes.</p><p><blockquote>分析师通常不会报道 SPAC，也不会在交易完成之前对公司与 SPAC 合并进行报道。</blockquote></p><p> Lucid closed its merger in July. It picked up its first rating, a Buy from&nbsp;Citigroup,in September, about 47 days after the merger was completed. It took almost 200 days, from the time the SPAC merger was announced in February, for Lucid to get its first rating.</p><p><blockquote>Lucid 于 7 月完成了合并。合并完成约 47 天后，该公司于 9 月份获得了花旗集团的第一个买入评级。从 2 月份宣布 SPAC 合并到 Lucid 花了近 200 天的时间才获得首次评级。</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>Think Rivian Stock Is Volatile Now? Dec. 6 Could Bring Big Moves.<blockquote>认为Rivian股票现在波动很大吗？12月6日可能会带来重大举措。</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\">\nThink Rivian Stock Is Volatile Now? Dec. 6 Could Bring Big Moves.<blockquote>认为Rivian股票现在波动很大吗？12月6日可能会带来重大举措。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-19 14:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Rivian Automotive&nbsp;stock is giving back some of its epic early gains following the company’s successful IPO. Investors can expect shares to stay volatile for a while, especially because no one know what Wall Street analysts thinks about the company.</p><p><blockquote>Rivian汽车公司成功上市后，该公司的股票正在回吐早期的一些史诗般的涨幅。投资者可以预计股价将在一段时间内保持波动，特别是因为没有人知道华尔街分析师对该公司的看法。</blockquote></p><p> No one on Wall Street covers the stock yet, according to Bloomberg. It could move still more as analysts weigh in with their views.</p><p><blockquote>据彭博社报道，华尔街上还没有人报道这只股票。随着分析师权衡他们的观点，它可能会变得更大。</blockquote></p><p> Early Thursday, Rivian (ticker: RIVN) stock was down about 13%, while the&nbsp;S&amp;P 500&nbsp;had fallen by 0.2%. The&nbsp;Dow Jones Industrial Average&nbsp;had shed about 0.6%.</p><p><blockquote>周四早些时候，Rivian（股票代码：RIVN）股价下跌约13%，而标普500则下跌0.2%。道琼斯工业平均指数下跌约 0.6%。</blockquote></p><p> Thursday’s slide follows a 15% drop on Wednesday, but Rivian stock rose 121% the first five trading days following its initial public offering. At about $128 a share, Rivian stock is up about 64% from its $78 IPO price.</p><p><blockquote>周四的下跌是在周三下跌 15% 之后发生的，但Rivian股价在首次公开募股后的前五个交易日上涨了 121%。Rivian股价约为每股 128 美元，较 78 美元的 IPO 价格上涨约 64%。</blockquote></p><p> It is no surprise that no one on Wall Street is covering the stock. Coverage usually comes about a month after an IPO wraps up. Brokers participating in an offering are typically prohibited from publishing research for about 25 days following the deal.</p><p><blockquote>华尔街没有人关注该股也就不足为奇了。报道通常在 IPO 结束后一个月左右到来。参与发行的经纪人通常在交易后约 25 天内被禁止发布研究报告。</blockquote></p><p> Weekends can affect the exact timing of the start of coverage.Pinterest&nbsp;(PINS), for instance, sold shares in an IPO on April 17, 2019. Most of the analysts launched coverage on May 17, 30 days later.ZoomInfo Technologies&nbsp;(ZI) sold shares on June 3, 2020. Coverage came on June 29.</p><p><blockquote>周末会影响报道开始的确切时间。例如，Pinterest (PINS) 于 2019 年 4 月 17 日在 IPO 中出售了股票。大多数分析师于 30 天后的 5 月 17 日开始报道。ZoomInfo Technologies (ZI) 于 2020 年 6 月 3 日出售股票。报道于6月29日到来。</blockquote></p><p> Brokers who aren’t part of the IPO can, of course, do whatever they like regarding coverage. But Rivian’s IPO was big. Brokers that played a role include Morgan Stanley, Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, Wells Fargo, Piper Sandler, RBC, Baird, Wedbush, Loop Capital, and many others.</p><p><blockquote>当然，不参与 IPO 的经纪人可以在承保范围方面为所欲为。但Rivian的首次公开募股规模很大。发挥作用的经纪商包括摩根士丹利、高盛、摩根大通、巴克莱、德意志银行、富国银行、派珀桑德勒、加拿大皇家银行、贝尔德、韦德布什、Loop Capital 等。</blockquote></p><p> That means not a lot of coverage will be arriving early. Analysis from large brokers should arrive around Dec. 6.</p><p><blockquote>这意味着不会有很多报道会提前到达。大型经纪商的分析应该会在 12 月 6 日左右发布。</blockquote></p><p> Whether analysts launch with Buy, Hold or Sell ratings will have a lot to do with where the stock goes between now and then. It’s tough to estimate exactly how ratings will turn out.</p><p><blockquote>分析师是给出买入、持有还是卖出评级，将与该股从现在到那时的走势有很大关系。很难准确估计收视率会如何。</blockquote></p><p> Rivian is, after all, highly valued. At $128 a share, Rivian’s market capitalization is about $128 billion, based on roughly 1 billion fully diluted shares outstanding. That is more than either&nbsp;Ford Motor&nbsp;(F) and&nbsp;General Motors&nbsp;(GM), even though Rivian has delivered just a handful of its electric trucks. Investors are optimistic about the future of EVs and Rivian’s place in the EV industry.</p><p><blockquote>毕竟，Rivian被高度重视。按每股 1228 美元计算，Rivian的市值约为 1280 亿美元，按大约 10 亿股完全稀释后的流通股计算。这比福特汽车 (F) 和通用汽车 (GM) 都要多，尽管Rivian只交付了少数电动卡车。投资者对电动汽车的未来以及Rivian在电动汽车行业的地位持乐观态度。</blockquote></p><p> Other EV ratings offer clues about the stand analysts will take.Tesla&nbsp;(TSLA) is, of course, the world’s most valuable EV and automotive company. It has 21 Buy ratings out of 45 analysts.Lucid&nbsp;(LCID), an EV start-up somewhat similar to Rivian, has two Buy ratings and one Sell rating.</p><p><blockquote>其他电动汽车评级为分析师的立场提供了线索。特斯拉（TSLA）当然是世界上最有价值的电动汽车和汽车公司。45 名分析师中有 21 名给予买入评级。 Lucid (LCID) 是一家与Rivian有些相似的电动汽车初创公司，拥有两个买入评级和一个卖出评级。</blockquote></p><p> Lucid, however, wasn’t a traditional IPO. That company merged with a SPAC to raise money and become publicly traded. The timing of coverage for SPAC-related companies is another story.</p><p><blockquote>然而，Lucid 并不是传统的 IPO。该公司与 SPAC 合并以筹集资金并上市。SPAC 相关公司的覆盖时机则是另一回事。</blockquote></p><p> Analysts don’t typically cover SPACs and don’t launch coverage of a company merging with a SPAC until the transaction closes.</p><p><blockquote>分析师通常不会报道 SPAC，也不会在交易完成之前对公司与 SPAC 合并进行报道。</blockquote></p><p> Lucid closed its merger in July. It picked up its first rating, a Buy from&nbsp;Citigroup,in September, about 47 days after the merger was completed. It took almost 200 days, from the time the SPAC merger was announced in February, for Lucid to get its first rating.</p><p><blockquote>Lucid 于 7 月完成了合并。合并完成约 47 天后，该公司于 9 月份获得了花旗集团的第一个买入评级。从 2 月份宣布 SPAC 合并到 Lucid 花了近 200 天的时间才获得首次评级。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/rivian-stock-volatile-outlook-51637256072?mod=hp_LEADSUPP_1\">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":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.barrons.com/articles/rivian-stock-volatile-outlook-51637256072?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101328595","content_text":"Rivian Automotive stock is giving back some of its epic early gains following the company’s successful IPO. Investors can expect shares to stay volatile for a while, especially because no one know what Wall Street analysts thinks about the company.\nNo one on Wall Street covers the stock yet, according to Bloomberg. It could move still more as analysts weigh in with their views.\nEarly Thursday, Rivian (ticker: RIVN) stock was down about 13%, while the S&P 500 had fallen by 0.2%. The Dow Jones Industrial Average had shed about 0.6%.\nThursday’s slide follows a 15% drop on Wednesday, but Rivian stock rose 121% the first five trading days following its initial public offering. At about $128 a share, Rivian stock is up about 64% from its $78 IPO price.\nIt is no surprise that no one on Wall Street is covering the stock. Coverage usually comes about a month after an IPO wraps up. Brokers participating in an offering are typically prohibited from publishing research for about 25 days following the deal.\nWeekends can affect the exact timing of the start of coverage.Pinterest (PINS), for instance, sold shares in an IPO on April 17, 2019. Most of the analysts launched coverage on May 17, 30 days later.ZoomInfo Technologies (ZI) sold shares on June 3, 2020. Coverage came on June 29.\nBrokers who aren’t part of the IPO can, of course, do whatever they like regarding coverage. But Rivian’s IPO was big. Brokers that played a role include Morgan Stanley, Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, Wells Fargo, Piper Sandler, RBC, Baird, Wedbush, Loop Capital, and many others.\nThat means not a lot of coverage will be arriving early. Analysis from large brokers should arrive around Dec. 6.\nWhether analysts launch with Buy, Hold or Sell ratings will have a lot to do with where the stock goes between now and then. It’s tough to estimate exactly how ratings will turn out.\nRivian is, after all, highly valued. At $128 a share, Rivian’s market capitalization is about $128 billion, based on roughly 1 billion fully diluted shares outstanding. That is more than either Ford Motor (F) and General Motors (GM), even though Rivian has delivered just a handful of its electric trucks. Investors are optimistic about the future of EVs and Rivian’s place in the EV industry.\nOther EV ratings offer clues about the stand analysts will take.Tesla (TSLA) is, of course, the world’s most valuable EV and automotive company. It has 21 Buy ratings out of 45 analysts.Lucid (LCID), an EV start-up somewhat similar to Rivian, has two Buy ratings and one Sell rating.\nLucid, however, wasn’t a traditional IPO. That company merged with a SPAC to raise money and become publicly traded. The timing of coverage for SPAC-related companies is another story.\nAnalysts don’t typically cover SPACs and don’t launch coverage of a company merging with a SPAC until the transaction closes.\nLucid closed its merger in July. It picked up its first rating, a Buy from Citigroup,in September, about 47 days after the merger was completed. It took almost 200 days, from the time the SPAC merger was announced in February, for Lucid to get its first rating.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":3763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876626372,"gmtCreate":1637307441891,"gmtModify":1637307455089,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Good to go","listText":"Good to go","text":"Good to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876626372","repostId":"1108862336","repostType":4,"repost":{"id":"1108862336","kind":"news","pubTimestamp":1637305948,"share":"https://www.laohunote.com/m/news/1108862336?lang=zh_CN&edition=full","pubTime":"2021-11-19 15:12","market":"us","language":"en","title":"Nvidia: Keep Your Money<blockquote>英伟达：保住你的钱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108862336","media":"seekingalpha","summary":"Summary\n\nWe have been in the stock since spring of 2020.\nRecord performance in all business lines.\nT","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>We have been in the stock since spring of 2020.</li>  <li>Record performance in all business lines.</li>  <li>The valuation is simply ridiculous, even with explosive growth.</li>  <li>The growth is likely to normalize in late 2022 and that has us concerned, even with the incredible expansion the company has seen into new markets and customers.</li>  <li>The dividend is a joke, the company should keep that money and reinvest it into growth of the business lines.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f0d217100f82ddae3cfb3e50178504\" tg-width=\"1536\" tg-height=\"1017\" width=\"100%\" height=\"auto\"><span>Antonio Bordunovi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>我们从2020年春天开始持有该股票。</li><li>记录所有业务线的业绩。</li><li>即使有爆炸性增长，估值也简直荒谬至极。</li><li>增长可能会在 2022 年底恢复正常，这让我们感到担忧，尽管该公司在新市场和客户方面取得了令人难以置信的扩张。</li><li>股息是一个笑话，公司应该保留这笔钱，并将其再投资于业务线的增长。</li></ul><p class=\"t-img-caption\"><span>Antonio Bordunovi/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Nvidia Corporation (NVDA) is one of several semiconductor stocks we have recommended as having upside with the chip shortage of 2021 to our members. The stock has truly been a winner. However, it is our recommendation that after this most recent earnings report and the huge run in the last month, that you take some off the table. If you have doubled or tripled here, we recommend you take out your initial investment plus 50% profit, and let the rest run with the house's money forever.</p><p><blockquote>英伟达公司 (NVDA) 是我们向会员推荐的 2021 年芯片短缺具有上涨空间的几只半导体股票之一。该股确实是赢家。然而，我们的建议是，在最近的收益报告和上个月的大幅上涨之后，您应该放弃一些。如果你在这里翻了一倍或三倍，我们建议你拿出你的初始投资加上50%的利润，让剩下的永远用房子的钱运行。</blockquote></p><p> This is a winning strategy. You will be entitled to all future dividends, spinoffs, splits, etc. This is how you grow generational wealth and is a key tenet of our teachings. We do believe however that it is prudent to take off exposure after this monster run. While the stock was expensive before, it is dangerously valued right now. Keep your money.</p><p><blockquote>这是一个制胜策略。您将有权获得所有未来的股息、分拆、分拆等。这是你如何增加世代财富，也是我们教学的一个关键原则。然而，我们确实认为，在这次巨大的运行之后，取消曝光是谨慎的。虽然这只股票以前很贵，但现在它的估值却很危险。留着你的钱。</blockquote></p><p> The company is still firing on all cylinders. The stock has garnered a lot of attention from traders, investors, and meme stock chasers alike. Fundamentally, even with Nvidia's chips being used in technologies that are in our everyday lives, and the demand has never been higher, the shortages will eventually balance out. You want to be ahead of that folks. No one ever gets hurt taking a profit. The way we structure our trades and handle our big wins by keeping house money exposed, you can sleep well at night. We have run this play on countless stocks. But make no mistake, at a price well north of $300 per share, even with demand where it is, we have to be calculated. It is ok to lock in profit here. While the company is demonstrating growth, a significant pullback is likely based on the high valuation, moderate growth, and the fact that the supply issues will resolve.</p><p><blockquote>该公司仍在全力以赴。该股票引起了交易员、投资者和模因股票追逐者的广泛关注。从根本上说，即使英伟达的芯片被用于我们日常生活中的技术，并且需求从未如此之高，短缺最终也会得到平衡。你想走在那些人前面。没有人会因为获利而受伤。我们通过暴露房子资金来构建交易和处理大赢的方式，你晚上可以睡个好觉。我们已经对无数股票进行了这种操作。但毫无疑问，在每股 300 美元以上的价格下，即使有需求，我们也必须进行计算。在这里锁定利润是可以的。虽然该公司正在表现出增长，但基于高估值、温和增长以及供应问题将得到解决的事实，可能会出现大幅回调。</blockquote></p><p> Nvidia has been around a long time. We have been trading this one for a long time. In fact, it was first highlighted by our service as one that was a must own back during the heights of the COVID crisis in 2020:</p><p><blockquote>英伟达已经存在很长时间了。我们已经交易这个很久了。事实上，早在 2020 年 COVID 危机最严重的时候，我们的服务就首次强调了这一点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7305cb0bdcee4e4444b237f2a109dfd\" tg-width=\"640\" tg-height=\"648\" width=\"100%\" height=\"auto\"><span>Source: BAD BEAT Investing main chat room</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：BAD BEAT Investing 主聊天室</span></p></blockquote></p><p> We feel it is important to bring this to your attention as we have not publicly covered the stock yet, but have been following the company for some time.</p><p><blockquote>我们认为提请您注意这一点很重要，因为我们尚未公开报道该股票，但已经关注该公司一段时间了。</blockquote></p><p> Many of you may (or may not recall) other big run ups like we have seen now. In fact in 2002, 2007-08, and 2018, we saw massive corrections of better than 50% in some cases. Just because the stock is up does not mean it will fall, but we want you to keep your money, and let the house's money go to work for you. Nvidia is the most overvalued it has ever been looking at the metrics of interest for tech and even other chipmakers.</p><p><blockquote>你们中的许多人可能（也可能不记得）像我们现在看到的其他大起大落。事实上，在2002年、2007-08年和2018年，我们在某些情况下看到了超过50%的大规模修正。股票上涨并不意味着它会下跌，但我们希望你保留你的钱，让房子的钱为你工作。英伟达是有史以来被高估的公司，它一直在关注科技甚至其他芯片制造商感兴趣的指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bec88cfdd740a0c631d39baac1dda0dd\" tg-width=\"640\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> Every valuation metric is stretched. Even with the growth the company is seeing, it does not justify where we are now. We are Nvidia bulls, but we are also prudent traders. While there is growth on display, it is not enough to grow into this valuation. Not by a longshot.</p><p><blockquote>每个估值指标都被拉伸了。即使公司看到了增长，这也不能证明我们现在的处境是合理的。我们是英伟达的多头，但我们也是谨慎的交易者。虽然有增长，但不足以增长到这个估值。差远了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00ff58e7a877ebe000cb935fe07f4dff\" tg-width=\"640\" tg-height=\"547\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> The growth is impressive, but catching up to that valuation even with 50% EPS growth and 40% sales growth is out of reach. And, like every chip cycle, eventually, supply will normalize, pricing will stabilize, and the stock will retrace. It is all but guaranteed, and that comes even with Nvidia's tech being used in many facets of our technological lives.</p><p><blockquote>增长令人印象深刻，但即使每股收益增长 50%，销售额增长 40%，也无法赶上这一估值。而且，就像每个芯片周期一样，最终，供应将正常化，定价将稳定，股票将回调。这几乎是有保证的，即使英伟达的技术被用于我们技术生活的许多方面。</blockquote></p><p> Make no mistake, this is NOT a bubble. We are not saying this is a bubble. It is just super expensive and upside now is limited. New money will get a chance to buy much lower. For now, we celebrate the gains. The company brought in revenue of $7.10 billion, up 50% from a year earlier and up 9% from the sequential quarter.</p><p><blockquote>毫无疑问，这不是泡沫。我们不是说这是一个泡沫。它只是超级昂贵，现在的上涨空间有限。新资金将有机会以更低的价格购买。目前，我们庆祝这些成果。该公司实现收入71亿美元，同比增长50%，环比增长9%。</blockquote></p><p></p><p> Folks, they set again new record revenue in Gaming, Data Center and Professional Visualization market platforms. That is some winning! One of the biggest drivers of the stock and the company's growth has been the AI tech. Demand for Nvidia AI is surging each month and it is driven by being scaled to the cloud as well as much more mainstream adoption with over 25,000 companies on board. The results are impressive:</p><p><blockquote>伙计们，他们在游戏、数据中心和专业可视化市场平台上再次创下了新的收入记录。那是一些胜利!人工智能技术是该股和公司发展的最大驱动力之一。对英伟达人工智能的需求每月都在激增，这是由扩展到云以及超过25,000家公司的更主流采用推动的。结果令人印象深刻：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcdb0c66d2e33a922697fd206ba347be\" tg-width=\"640\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>Source: NVIDIA Q3 Press Release</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：NVIDIA 第三季度新闻稿</span></p></blockquote></p><p> The best part of all of this expansion and record setting sales is that gross margin is expanding. Gross margin came in at 67.0%, and was up 30 basis points from the sequential quarter and up 150 basis points from a year ago. The company is doing a solid job with controlling the growth of operating expenses relative to revenue growth. You see a 50% revenue growth coupled with an increase in gross margin and a 25% growth in operating expenses was a recipe for operating income and net income expansion. Net income was up 13% from Q2 and up 62% from a year ago, with EPS rising to $1.17.</p><p><blockquote>所有这些扩张和创纪录的销售最好的部分是毛利率正在扩大。毛利率为 67.0%，环比上升 30 个基点，同比上升 150 个基点。公司在控制运营费用相对于收入增长的增长方面做得很好。你会发现，50%的收入增长，加上毛利率的增长和25%的运营费用的增长，是经营利润和净利润扩张的秘诀。净利润较第二季度增长 13%，较去年同期增长 62%，每股收益升至 1.17 美元。</blockquote></p><p> While the growth is significant, and traditional valuation metrics cannot capture the possible expansion in AI software, networking, omniverse, or in robotics, cars, or healthcare, we are looking at a stock that is around 70X FWD EPS. Still, the growth is expected to stall, and that has to be a concern of all investors and traders who want to protect their money.</p><p><blockquote>虽然增长显着，而且传统的估值指标无法捕捉人工智能软件、网络、omniverse 或机器人、汽车或医疗保健领域可能的扩张，但我们正在关注一只约为 FWD EPS 70 倍的股票。尽管如此，增长预计仍将停滞，这必须成为所有想要保护资金的投资者和交易员的担忧。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5a5f3316feef1854bed5eb76b93627\" tg-width=\"640\" tg-height=\"127\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Analyst Estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha 分析师估计</span></p></blockquote></p><p> The forward look for Q4 and early 2022 is strong, but we suspect we see normalization to a degree in the overall sector and space as we move through 2022. Let us not forget the tons of competition in this space. There are lots of chipmakers, and while they all have unique approaches and specialties, this is a real concern.</p><p><blockquote>对第四季度和 2022 年初的前景强劲，但我们怀疑，随着 2022 年的到来，整个行业和领域将出现一定程度的正常化。让我们不要忘记这个领域的激烈竞争。有很多芯片制造商，虽然他们都有独特的方法和专业，但这是一个真正的问题。</blockquote></p><p> Speaking of keeping your money, we think Nvidia should keep&nbsp;its paltry dividend&nbsp;to itself. The whopping $0.04 quarterly dividend really does not do much for investors (ok it is not zero) but no one is \"looking forward\" to that sizable payout. We believe the company should keep that money and reinvest it in its business lines to help fuel company growth and help it catch up with the valuation.</p><p><blockquote>说到保留你的钱，我们认为英伟达应该把微不足道的股息留给自己。高达 0.04 美元的季度股息对投资者来说确实没什么作用（好吧，它不是零），但没有人“期待”这笔可观的派息。我们认为该公司应该保留这笔资金并将其再投资于其业务线，以帮助推动公司增长并帮助其赶上估值。</blockquote></p><p> As we move forward, there will be sizable growth for the next couple of quarters but we do expect a slowdown. The acquisition of ARM Holdings if approved will be transformational, but this is a $40 billion dollar shot. The&nbsp;company is committed&nbsp;to the transaction. We don't know if it can get through U.S., U.K, and Chinese regulators however. It remains unknown at this point. For more on this, please see one of the&nbsp;several dozen prior articleson this topic.</p><p><blockquote>展望未来，未来几个季度将会出现可观的增长，但我们确实预计经济会放缓。如果获得批准，收购 ARM Holdings 将具有变革性意义，但这是一笔 400 亿美元的投资。公司致力于交易。不过，我们不知道它是否能通过美国、英国和中国的监管机构。目前仍不得而知。关于这方面的更多信息，请参阅之前关于这个主题的几十篇文章中的一篇。</blockquote></p><p> Make no mistake, those who bought this stock have done very well. Many have locked in profit, but for those who have not, we think that you sell your original investment plus 50% profit and let the rest run. By doing this, you are locking in with shares near highs, while having exposure to any and all future gains, dividends, spinoffs, etc. That said, new money should definitely not be buying here. Let it pull back.</p><p><blockquote>毫无疑问，那些购买这只股票的人做得非常好。许多人已经锁定了利润，但对于那些没有锁定利润的人，我们认为你卖掉你的原始投资加上50%的利润，让剩下的运行。通过这样做，您可以锁定接近高点的股票，同时可以获得任何及所有未来收益、股息、分拆等。也就是说，新资金绝对不应该在这里购买。让它往后拉。</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>Nvidia: Keep Your Money<blockquote>英伟达：保住你的钱</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: Keep Your Money<blockquote>英伟达：保住你的钱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-11-19 15:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>We have been in the stock since spring of 2020.</li>  <li>Record performance in all business lines.</li>  <li>The valuation is simply ridiculous, even with explosive growth.</li>  <li>The growth is likely to normalize in late 2022 and that has us concerned, even with the incredible expansion the company has seen into new markets and customers.</li>  <li>The dividend is a joke, the company should keep that money and reinvest it into growth of the business lines.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65f0d217100f82ddae3cfb3e50178504\" tg-width=\"1536\" tg-height=\"1017\" width=\"100%\" height=\"auto\"><span>Antonio Bordunovi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>我们从2020年春天开始持有该股票。</li><li>记录所有业务线的业绩。</li><li>即使有爆炸性增长，估值也简直荒谬至极。</li><li>增长可能会在 2022 年底恢复正常，这让我们感到担忧，尽管该公司在新市场和客户方面取得了令人难以置信的扩张。</li><li>股息是一个笑话，公司应该保留这笔钱，并将其再投资于业务线的增长。</li></ul><p class=\"t-img-caption\"><span>Antonio Bordunovi/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Nvidia Corporation (NVDA) is one of several semiconductor stocks we have recommended as having upside with the chip shortage of 2021 to our members. The stock has truly been a winner. However, it is our recommendation that after this most recent earnings report and the huge run in the last month, that you take some off the table. If you have doubled or tripled here, we recommend you take out your initial investment plus 50% profit, and let the rest run with the house's money forever.</p><p><blockquote>英伟达公司 (NVDA) 是我们向会员推荐的 2021 年芯片短缺具有上涨空间的几只半导体股票之一。该股确实是赢家。然而，我们的建议是，在最近的收益报告和上个月的大幅上涨之后，您应该放弃一些。如果你在这里翻了一倍或三倍，我们建议你拿出你的初始投资加上50%的利润，让剩下的永远用房子的钱运行。</blockquote></p><p> This is a winning strategy. You will be entitled to all future dividends, spinoffs, splits, etc. This is how you grow generational wealth and is a key tenet of our teachings. We do believe however that it is prudent to take off exposure after this monster run. While the stock was expensive before, it is dangerously valued right now. Keep your money.</p><p><blockquote>这是一个制胜策略。您将有权获得所有未来的股息、分拆、分拆等。这是你如何增加世代财富，也是我们教学的一个关键原则。然而，我们确实认为，在这次巨大的运行之后，取消曝光是谨慎的。虽然这只股票以前很贵，但现在它的估值却很危险。留着你的钱。</blockquote></p><p> The company is still firing on all cylinders. The stock has garnered a lot of attention from traders, investors, and meme stock chasers alike. Fundamentally, even with Nvidia's chips being used in technologies that are in our everyday lives, and the demand has never been higher, the shortages will eventually balance out. You want to be ahead of that folks. No one ever gets hurt taking a profit. The way we structure our trades and handle our big wins by keeping house money exposed, you can sleep well at night. We have run this play on countless stocks. But make no mistake, at a price well north of $300 per share, even with demand where it is, we have to be calculated. It is ok to lock in profit here. While the company is demonstrating growth, a significant pullback is likely based on the high valuation, moderate growth, and the fact that the supply issues will resolve.</p><p><blockquote>该公司仍在全力以赴。该股票引起了交易员、投资者和模因股票追逐者的广泛关注。从根本上说，即使英伟达的芯片被用于我们日常生活中的技术，并且需求从未如此之高，短缺最终也会得到平衡。你想走在那些人前面。没有人会因为获利而受伤。我们通过暴露房子资金来构建交易和处理大赢的方式，你晚上可以睡个好觉。我们已经对无数股票进行了这种操作。但毫无疑问，在每股 300 美元以上的价格下，即使有需求，我们也必须进行计算。在这里锁定利润是可以的。虽然该公司正在表现出增长，但基于高估值、温和增长以及供应问题将得到解决的事实，可能会出现大幅回调。</blockquote></p><p> Nvidia has been around a long time. We have been trading this one for a long time. In fact, it was first highlighted by our service as one that was a must own back during the heights of the COVID crisis in 2020:</p><p><blockquote>英伟达已经存在很长时间了。我们已经交易这个很久了。事实上，早在 2020 年 COVID 危机最严重的时候，我们的服务就首次强调了这一点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7305cb0bdcee4e4444b237f2a109dfd\" tg-width=\"640\" tg-height=\"648\" width=\"100%\" height=\"auto\"><span>Source: BAD BEAT Investing main chat room</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：BAD BEAT Investing 主聊天室</span></p></blockquote></p><p> We feel it is important to bring this to your attention as we have not publicly covered the stock yet, but have been following the company for some time.</p><p><blockquote>我们认为提请您注意这一点很重要，因为我们尚未公开报道该股票，但已经关注该公司一段时间了。</blockquote></p><p> Many of you may (or may not recall) other big run ups like we have seen now. In fact in 2002, 2007-08, and 2018, we saw massive corrections of better than 50% in some cases. Just because the stock is up does not mean it will fall, but we want you to keep your money, and let the house's money go to work for you. Nvidia is the most overvalued it has ever been looking at the metrics of interest for tech and even other chipmakers.</p><p><blockquote>你们中的许多人可能（也可能不记得）像我们现在看到的其他大起大落。事实上，在2002年、2007-08年和2018年，我们在某些情况下看到了超过50%的大规模修正。股票上涨并不意味着它会下跌，但我们希望你保留你的钱，让房子的钱为你工作。英伟达是有史以来被高估的公司，它一直在关注科技甚至其他芯片制造商感兴趣的指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bec88cfdd740a0c631d39baac1dda0dd\" tg-width=\"640\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> Every valuation metric is stretched. Even with the growth the company is seeing, it does not justify where we are now. We are Nvidia bulls, but we are also prudent traders. While there is growth on display, it is not enough to grow into this valuation. Not by a longshot.</p><p><blockquote>每个估值指标都被拉伸了。即使公司看到了增长，这也不能证明我们现在的处境是合理的。我们是英伟达的多头，但我们也是谨慎的交易者。虽然有增长，但不足以增长到这个估值。差远了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00ff58e7a877ebe000cb935fe07f4dff\" tg-width=\"640\" tg-height=\"547\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> The growth is impressive, but catching up to that valuation even with 50% EPS growth and 40% sales growth is out of reach. And, like every chip cycle, eventually, supply will normalize, pricing will stabilize, and the stock will retrace. It is all but guaranteed, and that comes even with Nvidia's tech being used in many facets of our technological lives.</p><p><blockquote>增长令人印象深刻，但即使每股收益增长 50%，销售额增长 40%，也无法赶上这一估值。而且，就像每个芯片周期一样，最终，供应将正常化，定价将稳定，股票将回调。这几乎是有保证的，即使英伟达的技术被用于我们技术生活的许多方面。</blockquote></p><p> Make no mistake, this is NOT a bubble. We are not saying this is a bubble. It is just super expensive and upside now is limited. New money will get a chance to buy much lower. For now, we celebrate the gains. The company brought in revenue of $7.10 billion, up 50% from a year earlier and up 9% from the sequential quarter.</p><p><blockquote>毫无疑问，这不是泡沫。我们不是说这是一个泡沫。它只是超级昂贵，现在的上涨空间有限。新资金将有机会以更低的价格购买。目前，我们庆祝这些成果。该公司实现收入71亿美元，同比增长50%，环比增长9%。</blockquote></p><p></p><p> Folks, they set again new record revenue in Gaming, Data Center and Professional Visualization market platforms. That is some winning! One of the biggest drivers of the stock and the company's growth has been the AI tech. Demand for Nvidia AI is surging each month and it is driven by being scaled to the cloud as well as much more mainstream adoption with over 25,000 companies on board. The results are impressive:</p><p><blockquote>伙计们，他们在游戏、数据中心和专业可视化市场平台上再次创下了新的收入记录。那是一些胜利!人工智能技术是该股和公司发展的最大驱动力之一。对英伟达人工智能的需求每月都在激增，这是由扩展到云以及超过25,000家公司的更主流采用推动的。结果令人印象深刻：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcdb0c66d2e33a922697fd206ba347be\" tg-width=\"640\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>Source: NVIDIA Q3 Press Release</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：NVIDIA 第三季度新闻稿</span></p></blockquote></p><p> The best part of all of this expansion and record setting sales is that gross margin is expanding. Gross margin came in at 67.0%, and was up 30 basis points from the sequential quarter and up 150 basis points from a year ago. The company is doing a solid job with controlling the growth of operating expenses relative to revenue growth. You see a 50% revenue growth coupled with an increase in gross margin and a 25% growth in operating expenses was a recipe for operating income and net income expansion. Net income was up 13% from Q2 and up 62% from a year ago, with EPS rising to $1.17.</p><p><blockquote>所有这些扩张和创纪录的销售最好的部分是毛利率正在扩大。毛利率为 67.0%，环比上升 30 个基点，同比上升 150 个基点。公司在控制运营费用相对于收入增长的增长方面做得很好。你会发现，50%的收入增长，加上毛利率的增长和25%的运营费用的增长，是经营利润和净利润扩张的秘诀。净利润较第二季度增长 13%，较去年同期增长 62%，每股收益升至 1.17 美元。</blockquote></p><p> While the growth is significant, and traditional valuation metrics cannot capture the possible expansion in AI software, networking, omniverse, or in robotics, cars, or healthcare, we are looking at a stock that is around 70X FWD EPS. Still, the growth is expected to stall, and that has to be a concern of all investors and traders who want to protect their money.</p><p><blockquote>虽然增长显着，而且传统的估值指标无法捕捉人工智能软件、网络、omniverse 或机器人、汽车或医疗保健领域可能的扩张，但我们正在关注一只约为 FWD EPS 70 倍的股票。尽管如此，增长预计仍将停滞，这必须成为所有想要保护资金的投资者和交易员的担忧。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5a5f3316feef1854bed5eb76b93627\" tg-width=\"640\" tg-height=\"127\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Analyst Estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha 分析师估计</span></p></blockquote></p><p> The forward look for Q4 and early 2022 is strong, but we suspect we see normalization to a degree in the overall sector and space as we move through 2022. Let us not forget the tons of competition in this space. There are lots of chipmakers, and while they all have unique approaches and specialties, this is a real concern.</p><p><blockquote>对第四季度和 2022 年初的前景强劲，但我们怀疑，随着 2022 年的到来，整个行业和领域将出现一定程度的正常化。让我们不要忘记这个领域的激烈竞争。有很多芯片制造商，虽然他们都有独特的方法和专业，但这是一个真正的问题。</blockquote></p><p> Speaking of keeping your money, we think Nvidia should keep&nbsp;its paltry dividend&nbsp;to itself. The whopping $0.04 quarterly dividend really does not do much for investors (ok it is not zero) but no one is \"looking forward\" to that sizable payout. We believe the company should keep that money and reinvest it in its business lines to help fuel company growth and help it catch up with the valuation.</p><p><blockquote>说到保留你的钱，我们认为英伟达应该把微不足道的股息留给自己。高达 0.04 美元的季度股息对投资者来说确实没什么作用（好吧，它不是零），但没有人“期待”这笔可观的派息。我们认为该公司应该保留这笔资金并将其再投资于其业务线，以帮助推动公司增长并帮助其赶上估值。</blockquote></p><p> As we move forward, there will be sizable growth for the next couple of quarters but we do expect a slowdown. The acquisition of ARM Holdings if approved will be transformational, but this is a $40 billion dollar shot. The&nbsp;company is committed&nbsp;to the transaction. We don't know if it can get through U.S., U.K, and Chinese regulators however. It remains unknown at this point. For more on this, please see one of the&nbsp;several dozen prior articleson this topic.</p><p><blockquote>展望未来，未来几个季度将会出现可观的增长，但我们确实预计经济会放缓。如果获得批准，收购 ARM Holdings 将具有变革性意义，但这是一笔 400 亿美元的投资。公司致力于交易。不过，我们不知道它是否能通过美国、英国和中国的监管机构。目前仍不得而知。关于这方面的更多信息，请参阅之前关于这个主题的几十篇文章中的一篇。</blockquote></p><p> Make no mistake, those who bought this stock have done very well. Many have locked in profit, but for those who have not, we think that you sell your original investment plus 50% profit and let the rest run. By doing this, you are locking in with shares near highs, while having exposure to any and all future gains, dividends, spinoffs, etc. That said, new money should definitely not be buying here. Let it pull back.</p><p><blockquote>毫无疑问，那些购买这只股票的人做得非常好。许多人已经锁定了利润，但对于那些没有锁定利润的人，我们认为你卖掉你的原始投资加上50%的利润，让剩下的运行。通过这样做，您可以锁定接近高点的股票，同时可以获得任何及所有未来收益、股息、分拆等。也就是说，新资金绝对不应该在这里购买。让它往后拉。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4470549-nvidia-keep-your-money\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4470549-nvidia-keep-your-money","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108862336","content_text":"Summary\n\nWe have been in the stock since spring of 2020.\nRecord performance in all business lines.\nThe valuation is simply ridiculous, even with explosive growth.\nThe growth is likely to normalize in late 2022 and that has us concerned, even with the incredible expansion the company has seen into new markets and customers.\nThe dividend is a joke, the company should keep that money and reinvest it into growth of the business lines.\n\nAntonio Bordunovi/iStock Editorial via Getty Images\nNvidia Corporation (NVDA) is one of several semiconductor stocks we have recommended as having upside with the chip shortage of 2021 to our members. The stock has truly been a winner. However, it is our recommendation that after this most recent earnings report and the huge run in the last month, that you take some off the table. If you have doubled or tripled here, we recommend you take out your initial investment plus 50% profit, and let the rest run with the house's money forever.\nThis is a winning strategy. You will be entitled to all future dividends, spinoffs, splits, etc. This is how you grow generational wealth and is a key tenet of our teachings. We do believe however that it is prudent to take off exposure after this monster run. While the stock was expensive before, it is dangerously valued right now. Keep your money.\nThe company is still firing on all cylinders. The stock has garnered a lot of attention from traders, investors, and meme stock chasers alike. Fundamentally, even with Nvidia's chips being used in technologies that are in our everyday lives, and the demand has never been higher, the shortages will eventually balance out. You want to be ahead of that folks. No one ever gets hurt taking a profit. The way we structure our trades and handle our big wins by keeping house money exposed, you can sleep well at night. We have run this play on countless stocks. But make no mistake, at a price well north of $300 per share, even with demand where it is, we have to be calculated. It is ok to lock in profit here. While the company is demonstrating growth, a significant pullback is likely based on the high valuation, moderate growth, and the fact that the supply issues will resolve.\nNvidia has been around a long time. We have been trading this one for a long time. In fact, it was first highlighted by our service as one that was a must own back during the heights of the COVID crisis in 2020:\nSource: BAD BEAT Investing main chat room\nWe feel it is important to bring this to your attention as we have not publicly covered the stock yet, but have been following the company for some time.\nMany of you may (or may not recall) other big run ups like we have seen now. In fact in 2002, 2007-08, and 2018, we saw massive corrections of better than 50% in some cases. Just because the stock is up does not mean it will fall, but we want you to keep your money, and let the house's money go to work for you. Nvidia is the most overvalued it has ever been looking at the metrics of interest for tech and even other chipmakers.\nSource: Seeking Alpha\nEvery valuation metric is stretched. Even with the growth the company is seeing, it does not justify where we are now. We are Nvidia bulls, but we are also prudent traders. While there is growth on display, it is not enough to grow into this valuation. Not by a longshot.\nSource: Seeking Alpha\nThe growth is impressive, but catching up to that valuation even with 50% EPS growth and 40% sales growth is out of reach. And, like every chip cycle, eventually, supply will normalize, pricing will stabilize, and the stock will retrace. It is all but guaranteed, and that comes even with Nvidia's tech being used in many facets of our technological lives.\nMake no mistake, this is NOT a bubble. We are not saying this is a bubble. It is just super expensive and upside now is limited. New money will get a chance to buy much lower. For now, we celebrate the gains. The company brought in revenue of $7.10 billion, up 50% from a year earlier and up 9% from the sequential quarter.\nFolks, they set again new record revenue in Gaming, Data Center and Professional Visualization market platforms. That is some winning! One of the biggest drivers of the stock and the company's growth has been the AI tech. Demand for Nvidia AI is surging each month and it is driven by being scaled to the cloud as well as much more mainstream adoption with over 25,000 companies on board. The results are impressive:\nSource: NVIDIA Q3 Press Release\nThe best part of all of this expansion and record setting sales is that gross margin is expanding. Gross margin came in at 67.0%, and was up 30 basis points from the sequential quarter and up 150 basis points from a year ago. The company is doing a solid job with controlling the growth of operating expenses relative to revenue growth. You see a 50% revenue growth coupled with an increase in gross margin and a 25% growth in operating expenses was a recipe for operating income and net income expansion. Net income was up 13% from Q2 and up 62% from a year ago, with EPS rising to $1.17.\nWhile the growth is significant, and traditional valuation metrics cannot capture the possible expansion in AI software, networking, omniverse, or in robotics, cars, or healthcare, we are looking at a stock that is around 70X FWD EPS. Still, the growth is expected to stall, and that has to be a concern of all investors and traders who want to protect their money.\nSource: Seeking Alpha Analyst Estimates\nThe forward look for Q4 and early 2022 is strong, but we suspect we see normalization to a degree in the overall sector and space as we move through 2022. Let us not forget the tons of competition in this space. There are lots of chipmakers, and while they all have unique approaches and specialties, this is a real concern.\nSpeaking of keeping your money, we think Nvidia should keep its paltry dividend to itself. The whopping $0.04 quarterly dividend really does not do much for investors (ok it is not zero) but no one is \"looking forward\" to that sizable payout. We believe the company should keep that money and reinvest it in its business lines to help fuel company growth and help it catch up with the valuation.\nAs we move forward, there will be sizable growth for the next couple of quarters but we do expect a slowdown. The acquisition of ARM Holdings if approved will be transformational, but this is a $40 billion dollar shot. The company is committed to the transaction. We don't know if it can get through U.S., U.K, and Chinese regulators however. It remains unknown at this point. For more on this, please see one of the several dozen prior articleson this topic.\nMake no mistake, those who bought this stock have done very well. Many have locked in profit, but for those who have not, we think that you sell your original investment plus 50% profit and let the rest run. By doing this, you are locking in with shares near highs, while having exposure to any and all future gains, dividends, spinoffs, etc. That said, new money should definitely not be buying here. Let it pull back.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876626028,"gmtCreate":1637307428667,"gmtModify":1637307428787,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Roblox Vr","listText":"Roblox Vr","text":"Roblox Vr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876626028","repostId":"1198694667","repostType":4,"isVote":1,"tweetType":1,"viewCount":1264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876628462,"gmtCreate":1637307389097,"gmtModify":1637307389256,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Saas .. share&nbsp;","listText":"Saas .. share&nbsp;","text":"Saas .. share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876628462","repostId":"1170960930","repostType":4,"repost":{"id":"1170960930","kind":"news","pubTimestamp":1637306602,"share":"https://www.laohunote.com/m/news/1170960930?lang=zh_CN&edition=full","pubTime":"2021-11-19 15:23","market":"us","language":"en","title":"UiPath: SaaS Giant In The Shadows<blockquote>UiPath：阴影中的SaaS巨头</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170960930","media":"seekingalpha","summary":"Summary\n\nUiPath doesn't get the attention it deserves.\nPartnerships will be crucial to achieving cri","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>UiPath doesn't get the attention it deserves.</li>  <li>Partnerships will be crucial to achieving critical growth numbers.</li>  <li>Operationally the company has been performing.</li>  <li>Risks are the same as any other SaaS disruptor.</li>  <li>Valuation is reasonable and represents solid upside.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/770a5dc44d6be3932e003ed51f462596\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"><span>alexsl/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath没有得到应有的关注。</li><li>伙伴关系对于实现关键的增长数字至关重要。</li><li>在运营方面，该公司一直表现良好。</li><li>风险与任何其他SaaS颠覆者相同。</li><li>估值合理，代表着坚实的上涨空间。</li></ul><p class=\"t-img-caption\"><span>alexsl/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Thesis and Background</b></p><p><blockquote><b>论文与背景</b></blockquote></p><p> UiPath (PATH) creates software to serve the Robotic Processes Automation market or RPA for short. The company's software helps businesses to decide which office tasks can be automated using custom software. UiPath has the potential to disrupt office life as we know it and fatten profit margins for many major companies around the world.</p><p><blockquote>UiPath (PATH) 创建服务于机器人流程自动化市场（简称 RPA）的软件。该公司的软件帮助企业决定哪些办公任务可以使用定制软件实现自动化。UiPath有可能扰乱我们所知的办公室生活，并提高世界各地许多大公司的利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffd3a1b64d6810a7cae86020b91d8dd4\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> The company's software utilizes AI and machine learning to come to the best financial outcomes for each customer. In many cases, office assistant and data entry jobs are the first to go with some business analysts and other key infrastructure also being labeled obsolete. Customers pay a high price for UiPath's platform because of the marginal cost benefit their software brings the customer with every headcount reduction. The next part of UiPath's job is to actually automate the task. This in turn brings in great ARR for UiPath as the customer needs to keep UiPath on its payroll to actually carry out the job they replaced.</p><p><blockquote>该公司的软件利用人工智能和机器学习为每个客户带来最佳的财务结果。在许多情况下，随着一些业务分析师和其他关键基础设施也被贴上过时的标签，办公室助理和数据录入工作是第一个离开的。客户为UiPath的平台支付了高昂的价格，因为他们的软件每减少一次员工人数都会给客户带来边际成本效益。UiPath工作的下一部分是实际自动化任务。这反过来又给UiPath带来了巨大的ARR，因为客户需要将UiPath保留在其工资单上，以实际执行他们所取代的工作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a233dcd92c698417dd21568e0c78d141\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> The business model is genius for a couple of reasons. Firstly, by finding the companies' weak links and replacing them, UiPath is creating a moat around their software. If a company wants to move on from UiPath, it will need to rehire the people they fired, which will likely cost more than UiPath in the first place. With a large customer base and many customers paying $100K+ every year, UiPath has a space in the future work.</p><p><blockquote>这种商业模式之所以出色，有几个原因。首先，通过找到公司的薄弱环节并替换它们，UiPath 正在围绕他们的软件创建一条护城河。如果一家公司想离开UiPath，它将需要重新雇用他们解雇的人，这可能会比UiPath的成本更高。凭借庞大的客户群和许多每年支付10万美元以上的客户，UiPath在未来的工作中有空间。</blockquote></p><p> <b>Partnerships and Integrations are Vital for Operational Execution</b></p><p><blockquote><b>伙伴关系和一体化对业务执行至关重要</b></blockquote></p><p> The company's future success depends on partners and vendors. UiPath's business model survives off of deep technological relationships with the most important ERPs. Currently, the company has done a great job at partnering with the most important SaaS firms for many different companies in a variety of industries. UiPath has the ability to serve many different types of clients, big and small, because of how universally many SaaS programs are in business.</p><p><blockquote>公司未来的成功取决于合作伙伴和供应商。UiPath的商业模式依赖于与最重要的ERP的深厚技术关系。目前，该公司在与各行各业许多不同公司最重要的SaaS公司合作方面做得很好。UiPath有能力为许多不同类型的大大小小的客户提供服务，因为许多SaaS程序在商业中是如此普遍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a24d000f0d67efb3113681e2857d56e\" tg-width=\"640\" tg-height=\"356\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> UiPath needs to be integrated into all SaaS technology platforms. This is because the company's software can do a better job at tracking employee KPIs if they are integrated with company-wide software. Big technology partners such as AWS (AMZN), Oracle (ORCL), and Salesforce (CRM) will be key integrations for UiPath. At the same time, partnering with large firms that need to figure out how to slim down their operations will also be important. Companies with large numbers of employees such as Accenture (ACN) and Deloitte could use the company's software to cut down headcount and lower their overall cost of service.</p><p><blockquote>UiPath需要集成到所有SaaS技术平台中。这是因为如果公司的软件与公司范围的软件集成，它们可以在跟踪员工KPI方面做得更好。AWS (AMZN)、Oracle (ORCL) 和 Salesforce (CRM) 等大型技术合作伙伴将是 UiPath 的关键集成。与此同时，与需要弄清楚如何精简运营的大公司合作也很重要。埃森哲（ACN）和德勤等拥有大量员工的公司可以使用该公司的软件来减少员工人数并降低整体服务成本。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/972a217ba71389cf5e9373e8285cec59\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> Looking at case studies clarifies the expected return of ARR for a multitude of different businesses. The longer a company remains a customer, the more money UiPath gains from that customer. This is a great business model because it gives companies a trial period to utilize UiPath's platform. The ARR doesn't lie because businesses need the company's platform and the value it brings their enterprises.</p><p><blockquote>查看案例研究可以阐明 ARR 对众多不同企业的预期回报。一家公司成为客户的时间越长，UiPath从该客户那里获得的钱就越多。这是一个很好的商业模式，因为它给了公司一个试用期来利用UiPath的平台。ARR不会说谎，因为企业需要公司的平台以及它给企业带来的价值。</blockquote></p><p> <b>Financially Able and Growing</b></p><p><blockquote><b>财务上有实力且不断成长</b></blockquote></p><p> For a SaaS company, UiPath performs very well financially. This is due to the company's increasing ARR and high margin products. Software inherently is a high margin business and UiPath is no exception. Scaling this technology is relatively easy as word of mouth spreads fast and software is easy to install. Moving forward, I expect a solid SaaS balance sheet from UiPath.</p><p><blockquote>对于一家SaaS公司来说，UiPath在财务上表现非常出色。这是由于公司不断增长的ARR和高利润率产品。软件本质上是一项高利润业务，UiPath也不例外。扩展这项技术相对容易，因为口碑传播很快，软件也很容易安装。展望未来，我预计 UiPath 将拥有稳健的 SaaS 资产负债表。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd5ec6c4fc2ac87af33662d5fc19d57d\" tg-width=\"640\" tg-height=\"356\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Supplemental Slides</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益补充幻灯片</span></p></blockquote></p><p> One of the more concerning problems with UiPath is lack of revenue growth. Overall revenue growth in FY 2021 was impressive at over +90%. Since then revenue growth has faltered, Q3 2022 guidance matched Q4 2021 revenues. I do believe that the company can exceed expectations through ARR growth. In future quarters, revenue will be a very important metric I look at.</p><p><blockquote>UiPath 更令人担忧的问题之一是收入增长乏力。2021财年的整体收入增长令人印象深刻，超过+90%。此后，收入增长停滞不前，2022 年第三季度指引与 2021 年第四季度收入持平。我确实相信公司可以通过 ARR 增长超出预期。在未来几个季度，收入将是我关注的一个非常重要的指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/891aedcbc85e894037158a52e18a95fd\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: (UiPath Q2 2022 Earnings Supplemental Slides)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：（UiPath 2022 年第二季度收益补充幻灯片）</span></p></blockquote></p><p> Profitability has been a major operational bright spot for the company. By being extremely close to being consistently profitable, the business is due for a multiple expansion. In future quarters, UiPath has a real opportunity to exceed expectations. I believe UiPath's valuation will improve as revenue increases through ARR entrenchment, profitability becomes more consistent, and analysts begin to see the opportunity to own a disruptor at a discount.</p><p><blockquote>盈利能力一直是公司的一大经营亮点。由于非常接近持续盈利，该业务将进行多次扩张。在未来几个季度，UiPath 确实有机会超出预期。我相信，随着收入通过 ARR 巩固而增加，盈利能力变得更加稳定，以及分析师开始看到以折扣价拥有颠覆者的机会，UiPath 的估值将会提高。</blockquote></p><p> <b>Industry Risks are Real</b></p><p><blockquote><b>行业风险是真实存在的</b></blockquote></p><p> Software is a brutally competitive industry. Every day, it seems like there is a new rival to 'legacy' technology. In UiPath's case, I believe they actually may be different. Unlike other SaaS services, the company gains revenue from further use of their product. Instead of a flat ARR, UiPath's is scalable. This pricing technique, if used correctly, can be a massive boon to the stock moving forward. However, I am concerned about more established ERPs disrupting UiPath's first mover advantage. If Amazon wanted to develop an RPA company to serve enterprise clients, UiPath would have quite a difficult road. Amazon, Oracle, or any number of tech conglomerates have billions of dollars to dedicate towards R&amp;D. Considering Amazon's leaps and bounds in quantum computing, UiPath may see upcoming competition. However, this hasn't happened yet and is all speculation. UiPath's innovative edge is a bit difficult to match, which will prove very promising to UiPath shareholders.</p><p><blockquote>软件是一个竞争激烈的行业。每天，“传统”技术似乎都有一个新的竞争对手。在UiPath的例子中，我相信它们实际上可能是不同的。与其他SaaS服务不同，该公司从进一步使用其产品中获得收入。UiPath的不是平面的ARR，而是可扩展的。如果使用正确，这种定价技术可以对股票的未来发展产生巨大的利好。然而，我担心更多成熟的ERP会破坏UiPath的先发优势。如果亚马逊想要发展一家RPA公司来为企业客户服务，UiPath将会有一条相当艰难的道路。亚马逊、甲骨文或任何数量的科技企业集团都有数十亿美元用于研发。考虑到亚马逊在量子计算方面的飞跃，UiPath 可能会面临即将到来的竞争。然而，这还没有发生，都是猜测。UiPath 的创新优势有点难以匹敌，这对 UiPath 股东来说将非常有希望。</blockquote></p><p> <b>Valuation Compared to Peers</b></p><p><blockquote><b>与同行比较的估值</b></blockquote></p><p> Valuing UiPath is difficult because it doesn't have any direct peers. I found 2 peers that have similar valuation profiles to UiPath. One of the peers I am using is Check Point Software (CHKP). This company develops security software and hardware products. The next peer I chose is CyberArk (CYBR). This company operates as an IT security company servicing different companies in a variety of industries. Check Point and CyberArk have similar market caps to UiPath as mid-size SaaS companies with solid technology.</p><p><blockquote>评估UiPath很困难，因为它没有任何直接的同行。我发现有两个同行的估值情况与UiPath相似。我正在使用的同行之一是检查点软件（CHKP）。这家公司开发安全软件和硬件产品。我选择的下一个同行是赛博方舟（CYBR）。该公司是一家IT安全公司，为各行各业的不同公司提供服务。Check Point 和 CyberArk 的市值与 UiPath 相似，都是拥有扎实技术的中型 SaaS 公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ad061b6a7d5f7adf1939fd246eb49db\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"><span>Source: UiPath SA Peers EV/Sales Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath SA 同行电动汽车/销售图表</span></p></blockquote></p><p> UiPath is a newly public company with limited history. However, the company's EV/Sales ratio decreased by 3/4ths in just 2 quarters. This is very encouraging as it gives investors a better basis to enter UiPath. Compared to more mature peers, UiPath is slowly moving toward an EV/Sales range of 15-20. At that point, I believe analysts may re-rate the company more positively on valuation.</p><p><blockquote>UiPath是一家新上市公司，历史有限。然而，该公司的电动汽车/销售额比率在短短两个季度内下降了四分之三。这非常令人鼓舞，因为它为投资者进入 UiPath 提供了更好的基础。与更成熟的同行相比，UiPath正在慢慢向15-20的EV/销售范围迈进。届时，我相信分析师可能会对该公司的估值给予更积极的重新评级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/127c912d7860f925f4c6d864dd2cfbce\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"><span>Source: UiPath SA Peers Diluted Weighted Average Shares Outstanding Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath SA 同行稀释加权平均流通股图表</span></p></blockquote></p><p> Dilution is real and a major concern for UiPath shareholders. Increasing overall share count roughly 30% since IPO is one of the main reasons I can't give UiPath a bullish rating. Next year, when most of the IPO lockups expire, I will consider starting a position. Until then, I would avoid buying UiPath.</p><p><blockquote>稀释是真实存在的，也是 UiPath 股东的主要问题。自 IPO 以来，总股数增加了约 30%，这是我无法给予 UiPath 看涨评级的主要原因之一。明年，当大多数 IPO 禁售期到期时，我会考虑开始建仓。在那之前，我会避免购买UiPath。</blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> UiPath is a great company with a large TAM. I like UiPath's peers and growth story. I think the company will continue to sign contracts with major corporations and improve their balance sheet. One of the main concerns I have with UiPath is dilution and low revenue growth. In the coming quarters, these will be the two issues I closely examine. I give UiPath a 'Neutral' rating and look forward to what the company produces moving forward.</p><p><blockquote>UiPath是一家拥有庞大TAM的伟大公司。我喜欢UiPath的同行和成长故事。我认为公司将继续与大公司签订合同，改善他们的资产负债表。我对 UiPath 的主要担忧之一是稀释和低收入增长。在接下来的几个季度里，这将是我仔细研究的两个问题。我给予 UiPath “中性”评级，并期待该公司未来的成果。</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>UiPath: SaaS Giant In The Shadows<blockquote>UiPath：阴影中的SaaS巨头</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\">\nUiPath: SaaS Giant In The Shadows<blockquote>UiPath：阴影中的SaaS巨头</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-11-19 15:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>UiPath doesn't get the attention it deserves.</li>  <li>Partnerships will be crucial to achieving critical growth numbers.</li>  <li>Operationally the company has been performing.</li>  <li>Risks are the same as any other SaaS disruptor.</li>  <li>Valuation is reasonable and represents solid upside.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/770a5dc44d6be3932e003ed51f462596\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"><span>alexsl/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath没有得到应有的关注。</li><li>伙伴关系对于实现关键的增长数字至关重要。</li><li>在运营方面，该公司一直表现良好。</li><li>风险与任何其他SaaS颠覆者相同。</li><li>估值合理，代表着坚实的上涨空间。</li></ul><p class=\"t-img-caption\"><span>alexsl/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Thesis and Background</b></p><p><blockquote><b>论文与背景</b></blockquote></p><p> UiPath (PATH) creates software to serve the Robotic Processes Automation market or RPA for short. The company's software helps businesses to decide which office tasks can be automated using custom software. UiPath has the potential to disrupt office life as we know it and fatten profit margins for many major companies around the world.</p><p><blockquote>UiPath (PATH) 创建服务于机器人流程自动化市场（简称 RPA）的软件。该公司的软件帮助企业决定哪些办公任务可以使用定制软件实现自动化。UiPath有可能扰乱我们所知的办公室生活，并提高世界各地许多大公司的利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffd3a1b64d6810a7cae86020b91d8dd4\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> The company's software utilizes AI and machine learning to come to the best financial outcomes for each customer. In many cases, office assistant and data entry jobs are the first to go with some business analysts and other key infrastructure also being labeled obsolete. Customers pay a high price for UiPath's platform because of the marginal cost benefit their software brings the customer with every headcount reduction. The next part of UiPath's job is to actually automate the task. This in turn brings in great ARR for UiPath as the customer needs to keep UiPath on its payroll to actually carry out the job they replaced.</p><p><blockquote>该公司的软件利用人工智能和机器学习为每个客户带来最佳的财务结果。在许多情况下，随着一些业务分析师和其他关键基础设施也被贴上过时的标签，办公室助理和数据录入工作是第一个离开的。客户为UiPath的平台支付了高昂的价格，因为他们的软件每减少一次员工人数都会给客户带来边际成本效益。UiPath工作的下一部分是实际自动化任务。这反过来又给UiPath带来了巨大的ARR，因为客户需要将UiPath保留在其工资单上，以实际执行他们所取代的工作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a233dcd92c698417dd21568e0c78d141\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> The business model is genius for a couple of reasons. Firstly, by finding the companies' weak links and replacing them, UiPath is creating a moat around their software. If a company wants to move on from UiPath, it will need to rehire the people they fired, which will likely cost more than UiPath in the first place. With a large customer base and many customers paying $100K+ every year, UiPath has a space in the future work.</p><p><blockquote>这种商业模式之所以出色，有几个原因。首先，通过找到公司的薄弱环节并替换它们，UiPath 正在围绕他们的软件创建一条护城河。如果一家公司想离开UiPath，它将需要重新雇用他们解雇的人，这可能会比UiPath的成本更高。凭借庞大的客户群和许多每年支付10万美元以上的客户，UiPath在未来的工作中有空间。</blockquote></p><p> <b>Partnerships and Integrations are Vital for Operational Execution</b></p><p><blockquote><b>伙伴关系和一体化对业务执行至关重要</b></blockquote></p><p> The company's future success depends on partners and vendors. UiPath's business model survives off of deep technological relationships with the most important ERPs. Currently, the company has done a great job at partnering with the most important SaaS firms for many different companies in a variety of industries. UiPath has the ability to serve many different types of clients, big and small, because of how universally many SaaS programs are in business.</p><p><blockquote>公司未来的成功取决于合作伙伴和供应商。UiPath的商业模式依赖于与最重要的ERP的深厚技术关系。目前，该公司在与各行各业许多不同公司最重要的SaaS公司合作方面做得很好。UiPath有能力为许多不同类型的大大小小的客户提供服务，因为许多SaaS程序在商业中是如此普遍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a24d000f0d67efb3113681e2857d56e\" tg-width=\"640\" tg-height=\"356\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> UiPath needs to be integrated into all SaaS technology platforms. This is because the company's software can do a better job at tracking employee KPIs if they are integrated with company-wide software. Big technology partners such as AWS (AMZN), Oracle (ORCL), and Salesforce (CRM) will be key integrations for UiPath. At the same time, partnering with large firms that need to figure out how to slim down their operations will also be important. Companies with large numbers of employees such as Accenture (ACN) and Deloitte could use the company's software to cut down headcount and lower their overall cost of service.</p><p><blockquote>UiPath需要集成到所有SaaS技术平台中。这是因为如果公司的软件与公司范围的软件集成，它们可以在跟踪员工KPI方面做得更好。AWS (AMZN)、Oracle (ORCL) 和 Salesforce (CRM) 等大型技术合作伙伴将是 UiPath 的关键集成。与此同时，与需要弄清楚如何精简运营的大公司合作也很重要。埃森哲（ACN）和德勤等拥有大量员工的公司可以使用该公司的软件来减少员工人数并降低整体服务成本。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/972a217ba71389cf5e9373e8285cec59\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益演示</span></p></blockquote></p><p> Looking at case studies clarifies the expected return of ARR for a multitude of different businesses. The longer a company remains a customer, the more money UiPath gains from that customer. This is a great business model because it gives companies a trial period to utilize UiPath's platform. The ARR doesn't lie because businesses need the company's platform and the value it brings their enterprises.</p><p><blockquote>查看案例研究可以阐明 ARR 对众多不同企业的预期回报。一家公司成为客户的时间越长，UiPath从该客户那里获得的钱就越多。这是一个很好的商业模式，因为它给了公司一个试用期来利用UiPath的平台。ARR不会说谎，因为企业需要公司的平台以及它给企业带来的价值。</blockquote></p><p> <b>Financially Able and Growing</b></p><p><blockquote><b>财务上有实力且不断成长</b></blockquote></p><p> For a SaaS company, UiPath performs very well financially. This is due to the company's increasing ARR and high margin products. Software inherently is a high margin business and UiPath is no exception. Scaling this technology is relatively easy as word of mouth spreads fast and software is easy to install. Moving forward, I expect a solid SaaS balance sheet from UiPath.</p><p><blockquote>对于一家SaaS公司来说，UiPath在财务上表现非常出色。这是由于公司不断增长的ARR和高利润率产品。软件本质上是一项高利润业务，UiPath也不例外。扩展这项技术相对容易，因为口碑传播很快，软件也很容易安装。展望未来，我预计 UiPath 将拥有稳健的 SaaS 资产负债表。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd5ec6c4fc2ac87af33662d5fc19d57d\" tg-width=\"640\" tg-height=\"356\" width=\"100%\" height=\"auto\"><span>Source: UiPath Q2 2022 Earnings Supplemental Slides</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath 2022 年第二季度收益补充幻灯片</span></p></blockquote></p><p> One of the more concerning problems with UiPath is lack of revenue growth. Overall revenue growth in FY 2021 was impressive at over +90%. Since then revenue growth has faltered, Q3 2022 guidance matched Q4 2021 revenues. I do believe that the company can exceed expectations through ARR growth. In future quarters, revenue will be a very important metric I look at.</p><p><blockquote>UiPath 更令人担忧的问题之一是收入增长乏力。2021财年的整体收入增长令人印象深刻，超过+90%。此后，收入增长停滞不前，2022 年第三季度指引与 2021 年第四季度收入持平。我确实相信公司可以通过 ARR 增长超出预期。在未来几个季度，收入将是我关注的一个非常重要的指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/891aedcbc85e894037158a52e18a95fd\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: (UiPath Q2 2022 Earnings Supplemental Slides)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：（UiPath 2022 年第二季度收益补充幻灯片）</span></p></blockquote></p><p> Profitability has been a major operational bright spot for the company. By being extremely close to being consistently profitable, the business is due for a multiple expansion. In future quarters, UiPath has a real opportunity to exceed expectations. I believe UiPath's valuation will improve as revenue increases through ARR entrenchment, profitability becomes more consistent, and analysts begin to see the opportunity to own a disruptor at a discount.</p><p><blockquote>盈利能力一直是公司的一大经营亮点。由于非常接近持续盈利，该业务将进行多次扩张。在未来几个季度，UiPath 确实有机会超出预期。我相信，随着收入通过 ARR 巩固而增加，盈利能力变得更加稳定，以及分析师开始看到以折扣价拥有颠覆者的机会，UiPath 的估值将会提高。</blockquote></p><p> <b>Industry Risks are Real</b></p><p><blockquote><b>行业风险是真实存在的</b></blockquote></p><p> Software is a brutally competitive industry. Every day, it seems like there is a new rival to 'legacy' technology. In UiPath's case, I believe they actually may be different. Unlike other SaaS services, the company gains revenue from further use of their product. Instead of a flat ARR, UiPath's is scalable. This pricing technique, if used correctly, can be a massive boon to the stock moving forward. However, I am concerned about more established ERPs disrupting UiPath's first mover advantage. If Amazon wanted to develop an RPA company to serve enterprise clients, UiPath would have quite a difficult road. Amazon, Oracle, or any number of tech conglomerates have billions of dollars to dedicate towards R&amp;D. Considering Amazon's leaps and bounds in quantum computing, UiPath may see upcoming competition. However, this hasn't happened yet and is all speculation. UiPath's innovative edge is a bit difficult to match, which will prove very promising to UiPath shareholders.</p><p><blockquote>软件是一个竞争激烈的行业。每天，“传统”技术似乎都有一个新的竞争对手。在UiPath的例子中，我相信它们实际上可能是不同的。与其他SaaS服务不同，该公司从进一步使用其产品中获得收入。UiPath的不是平面的ARR，而是可扩展的。如果使用正确，这种定价技术可以对股票的未来发展产生巨大的利好。然而，我担心更多成熟的ERP会破坏UiPath的先发优势。如果亚马逊想要发展一家RPA公司来为企业客户服务，UiPath将会有一条相当艰难的道路。亚马逊、甲骨文或任何数量的科技企业集团都有数十亿美元用于研发。考虑到亚马逊在量子计算方面的飞跃，UiPath 可能会面临即将到来的竞争。然而，这还没有发生，都是猜测。UiPath 的创新优势有点难以匹敌，这对 UiPath 股东来说将非常有希望。</blockquote></p><p> <b>Valuation Compared to Peers</b></p><p><blockquote><b>与同行比较的估值</b></blockquote></p><p> Valuing UiPath is difficult because it doesn't have any direct peers. I found 2 peers that have similar valuation profiles to UiPath. One of the peers I am using is Check Point Software (CHKP). This company develops security software and hardware products. The next peer I chose is CyberArk (CYBR). This company operates as an IT security company servicing different companies in a variety of industries. Check Point and CyberArk have similar market caps to UiPath as mid-size SaaS companies with solid technology.</p><p><blockquote>评估UiPath很困难，因为它没有任何直接的同行。我发现有两个同行的估值情况与UiPath相似。我正在使用的同行之一是检查点软件（CHKP）。这家公司开发安全软件和硬件产品。我选择的下一个同行是赛博方舟（CYBR）。该公司是一家IT安全公司，为各行各业的不同公司提供服务。Check Point 和 CyberArk 的市值与 UiPath 相似，都是拥有扎实技术的中型 SaaS 公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ad061b6a7d5f7adf1939fd246eb49db\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"><span>Source: UiPath SA Peers EV/Sales Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath SA 同行电动汽车/销售图表</span></p></blockquote></p><p> UiPath is a newly public company with limited history. However, the company's EV/Sales ratio decreased by 3/4ths in just 2 quarters. This is very encouraging as it gives investors a better basis to enter UiPath. Compared to more mature peers, UiPath is slowly moving toward an EV/Sales range of 15-20. At that point, I believe analysts may re-rate the company more positively on valuation.</p><p><blockquote>UiPath是一家新上市公司，历史有限。然而，该公司的电动汽车/销售额比率在短短两个季度内下降了四分之三。这非常令人鼓舞，因为它为投资者进入 UiPath 提供了更好的基础。与更成熟的同行相比，UiPath正在慢慢向15-20的EV/销售范围迈进。届时，我相信分析师可能会对该公司的估值给予更积极的重新评级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/127c912d7860f925f4c6d864dd2cfbce\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"><span>Source: UiPath SA Peers Diluted Weighted Average Shares Outstanding Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：UiPath SA 同行稀释加权平均流通股图表</span></p></blockquote></p><p> Dilution is real and a major concern for UiPath shareholders. Increasing overall share count roughly 30% since IPO is one of the main reasons I can't give UiPath a bullish rating. Next year, when most of the IPO lockups expire, I will consider starting a position. Until then, I would avoid buying UiPath.</p><p><blockquote>稀释是真实存在的，也是 UiPath 股东的主要问题。自 IPO 以来，总股数增加了约 30%，这是我无法给予 UiPath 看涨评级的主要原因之一。明年，当大多数 IPO 禁售期到期时，我会考虑开始建仓。在那之前，我会避免购买UiPath。</blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> UiPath is a great company with a large TAM. I like UiPath's peers and growth story. I think the company will continue to sign contracts with major corporations and improve their balance sheet. One of the main concerns I have with UiPath is dilution and low revenue growth. In the coming quarters, these will be the two issues I closely examine. I give UiPath a 'Neutral' rating and look forward to what the company produces moving forward.</p><p><blockquote>UiPath是一家拥有庞大TAM的伟大公司。我喜欢UiPath的同行和成长故事。我认为公司将继续与大公司签订合同，改善他们的资产负债表。我对 UiPath 的主要担忧之一是稀释和低收入增长。在接下来的几个季度里，这将是我仔细研究的两个问题。我给予 UiPath “中性”评级，并期待该公司未来的成果。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4470690-uipath-hidden-saas-giant-in-the-shadows\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PATH":"UiPath"},"source_url":"https://seekingalpha.com/article/4470690-uipath-hidden-saas-giant-in-the-shadows","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170960930","content_text":"Summary\n\nUiPath doesn't get the attention it deserves.\nPartnerships will be crucial to achieving critical growth numbers.\nOperationally the company has been performing.\nRisks are the same as any other SaaS disruptor.\nValuation is reasonable and represents solid upside.\n\nalexsl/iStock via Getty Images\nThesis and Background\nUiPath (PATH) creates software to serve the Robotic Processes Automation market or RPA for short. The company's software helps businesses to decide which office tasks can be automated using custom software. UiPath has the potential to disrupt office life as we know it and fatten profit margins for many major companies around the world.\nSource: UiPath Q2 2022 Earnings Presentation\nThe company's software utilizes AI and machine learning to come to the best financial outcomes for each customer. In many cases, office assistant and data entry jobs are the first to go with some business analysts and other key infrastructure also being labeled obsolete. Customers pay a high price for UiPath's platform because of the marginal cost benefit their software brings the customer with every headcount reduction. The next part of UiPath's job is to actually automate the task. This in turn brings in great ARR for UiPath as the customer needs to keep UiPath on its payroll to actually carry out the job they replaced.\nSource: UiPath Q2 2022 Earnings Presentation\nThe business model is genius for a couple of reasons. Firstly, by finding the companies' weak links and replacing them, UiPath is creating a moat around their software. If a company wants to move on from UiPath, it will need to rehire the people they fired, which will likely cost more than UiPath in the first place. With a large customer base and many customers paying $100K+ every year, UiPath has a space in the future work.\nPartnerships and Integrations are Vital for Operational Execution\nThe company's future success depends on partners and vendors. UiPath's business model survives off of deep technological relationships with the most important ERPs. Currently, the company has done a great job at partnering with the most important SaaS firms for many different companies in a variety of industries. UiPath has the ability to serve many different types of clients, big and small, because of how universally many SaaS programs are in business.\nSource: UiPath Q2 2022 Earnings Presentation\nUiPath needs to be integrated into all SaaS technology platforms. This is because the company's software can do a better job at tracking employee KPIs if they are integrated with company-wide software. Big technology partners such as AWS (AMZN), Oracle (ORCL), and Salesforce (CRM) will be key integrations for UiPath. At the same time, partnering with large firms that need to figure out how to slim down their operations will also be important. Companies with large numbers of employees such as Accenture (ACN) and Deloitte could use the company's software to cut down headcount and lower their overall cost of service.\nSource: UiPath Q2 2022 Earnings Presentation\nLooking at case studies clarifies the expected return of ARR for a multitude of different businesses. The longer a company remains a customer, the more money UiPath gains from that customer. This is a great business model because it gives companies a trial period to utilize UiPath's platform. The ARR doesn't lie because businesses need the company's platform and the value it brings their enterprises.\nFinancially Able and Growing\nFor a SaaS company, UiPath performs very well financially. This is due to the company's increasing ARR and high margin products. Software inherently is a high margin business and UiPath is no exception. Scaling this technology is relatively easy as word of mouth spreads fast and software is easy to install. Moving forward, I expect a solid SaaS balance sheet from UiPath.\nSource: UiPath Q2 2022 Earnings Supplemental Slides\nOne of the more concerning problems with UiPath is lack of revenue growth. Overall revenue growth in FY 2021 was impressive at over +90%. Since then revenue growth has faltered, Q3 2022 guidance matched Q4 2021 revenues. I do believe that the company can exceed expectations through ARR growth. In future quarters, revenue will be a very important metric I look at.\nSource: (UiPath Q2 2022 Earnings Supplemental Slides)\nProfitability has been a major operational bright spot for the company. By being extremely close to being consistently profitable, the business is due for a multiple expansion. In future quarters, UiPath has a real opportunity to exceed expectations. I believe UiPath's valuation will improve as revenue increases through ARR entrenchment, profitability becomes more consistent, and analysts begin to see the opportunity to own a disruptor at a discount.\nIndustry Risks are Real\nSoftware is a brutally competitive industry. Every day, it seems like there is a new rival to 'legacy' technology. In UiPath's case, I believe they actually may be different. Unlike other SaaS services, the company gains revenue from further use of their product. Instead of a flat ARR, UiPath's is scalable. This pricing technique, if used correctly, can be a massive boon to the stock moving forward. However, I am concerned about more established ERPs disrupting UiPath's first mover advantage. If Amazon wanted to develop an RPA company to serve enterprise clients, UiPath would have quite a difficult road. Amazon, Oracle, or any number of tech conglomerates have billions of dollars to dedicate towards R&D. Considering Amazon's leaps and bounds in quantum computing, UiPath may see upcoming competition. However, this hasn't happened yet and is all speculation. UiPath's innovative edge is a bit difficult to match, which will prove very promising to UiPath shareholders.\nValuation Compared to Peers\nValuing UiPath is difficult because it doesn't have any direct peers. I found 2 peers that have similar valuation profiles to UiPath. One of the peers I am using is Check Point Software (CHKP). This company develops security software and hardware products. The next peer I chose is CyberArk (CYBR). This company operates as an IT security company servicing different companies in a variety of industries. Check Point and CyberArk have similar market caps to UiPath as mid-size SaaS companies with solid technology.\nSource: UiPath SA Peers EV/Sales Chart\nUiPath is a newly public company with limited history. However, the company's EV/Sales ratio decreased by 3/4ths in just 2 quarters. This is very encouraging as it gives investors a better basis to enter UiPath. Compared to more mature peers, UiPath is slowly moving toward an EV/Sales range of 15-20. At that point, I believe analysts may re-rate the company more positively on valuation.\nSource: UiPath SA Peers Diluted Weighted Average Shares Outstanding Chart\nDilution is real and a major concern for UiPath shareholders. Increasing overall share count roughly 30% since IPO is one of the main reasons I can't give UiPath a bullish rating. Next year, when most of the IPO lockups expire, I will consider starting a position. Until then, I would avoid buying UiPath.\nConcluding Thoughts\nUiPath is a great company with a large TAM. I like UiPath's peers and growth story. I think the company will continue to sign contracts with major corporations and improve their balance sheet. One of the main concerns I have with UiPath is dilution and low revenue growth. In the coming quarters, these will be the two issues I closely examine. I give UiPath a 'Neutral' rating and look forward to what the company produces moving forward.","news_type":1,"symbols_score_info":{"PATH":0.9}},"isVote":1,"tweetType":1,"viewCount":1131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876628233,"gmtCreate":1637307358713,"gmtModify":1637307358841,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Paid the bill","listText":"Paid the bill","text":"Paid the bill","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876628233","repostId":"1112465874","repostType":4,"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876628607,"gmtCreate":1637307345039,"gmtModify":1637307345161,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Wooo... newly target&nbsp;","listText":"Wooo... newly target&nbsp;","text":"Wooo... newly target","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876628607","repostId":"1124828073","repostType":4,"repost":{"id":"1124828073","kind":"news","pubTimestamp":1637307025,"share":"https://www.laohunote.com/m/news/1124828073?lang=zh_CN&edition=full","pubTime":"2021-11-19 15:30","market":"us","language":"en","title":"Nasdaq-Listed SPAC Targeting Australia, New Zealand Tech Firms<blockquote>纳斯达克上市特殊目的收购公司瞄准澳新科技公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124828073","media":"Marketwatch","summary":"SYDNEY--Integral Acquisition Corp. 1 is targeting an Australian or New Zealand technology company fo","content":"<p>SYDNEY--Integral Acquisition Corp. 1 is targeting an Australian or New Zealand technology company for a Nasdaq listing after the Covid-19 pandemic kept the region from partaking in the recent boom in special-purpose acquisition companies, its CEO said.</p><p><blockquote>悉尼——Integral Acquisition Corp. 1 首席执行官表示，在 Covid-19 大流行使该地区无法参与最近特殊目的收购公司的繁荣之后，该公司正瞄准一家澳大利亚或新西兰科技公司在纳斯达克上市。</blockquote></p><p> Integral raised $115 million this month in an initial public offering on the Nasdaq and is canvassing for tech targets in areas including finance, human resources, health, cybersecurity and software-as-a-service.</p><p><blockquote>Integral 本月在纳斯达克的首次公开募股中筹集了 1.15 亿美元，并正在为金融、人力资源、健康、网络安全和软件即服务等领域的技术目标进行拉票。</blockquote></p><p> Integral is the only listed SPAC solely focused on Australia and New Zealand, according to data provider SPAC Track. Chief Executive Enrique Klix, a former Citigroup Inc. and McKinsey &amp; Co. executive, said he spent the last year setting up Integral in Melbourne from behind Australia's closed international border.</p><p><blockquote>根据数据提供商 SPAC Track 的数据，Integral 是唯一一家专注于澳大利亚和新西兰的上市 SPAC。前花旗集团（Citigroup Inc.）和麦肯锡公司（McKinsey &amp; Co.）高管首席执行官恩里克·克利克斯（Enrique Klix）表示，他花了一年时间在澳大利亚关闭的国际边界后面在墨尔本建立了Integral。</blockquote></p><p> \"Australia and New Zealand have been in lockdown mode with their borders closed for the last 18 months. And that's when SPACs boomed,\" Mr. Klix told Dow Jones Newswires last week in an interview.</p><p><blockquote>“过去 18 个月来，澳大利亚和新西兰一直处于封锁状态，边境关闭。而这正是 SPAC 蓬勃发展的时候，”克利克斯先生上周在接受道琼斯通讯社采访时表示。</blockquote></p><p> SPACs give startups the chance to go public more quickly and with less scrutiny than with a traditional initial public offering. A Nasdaq listing also positions tech companies closer to their likely markets, said Mr. Klix, who led a turnaround at ASX-listed packaging-materials firm Orora Ltd.'s fiber business prior to its divestment.</p><p><blockquote>与传统的首次公开募股相比，SPAC 让初创公司有机会更快地上市，而且审查更少。Klix 先生表示，在纳斯达克上市还使科技公司更接近其可能的市场。他在撤资前领导了澳大利亚证券交易所上市包装材料公司 Orora Ltd. 光纤业务的扭亏为盈。</blockquote></p><p> \"You end up realizing that the center of gravity is in the U.S. from a capital markets point of view and eventually your business gravitates towards the U.S.,\" Mr. Klix said.</p><p><blockquote>“从资本市场的角度来看，你最终会意识到重心在美国，最终你的业务会被美国吸引，”克利克斯先生说。</blockquote></p><p> \"There are two companies on the ASX that their center of gravity changed to the U.S. and another regretting being listed here.\"</p><p><blockquote>“澳大利亚证券交易所有两家公司的重心转移到了美国，另一家公司后悔在这里上市。”</blockquote></p><p> Mr. Klix said the companies were in the tech space but wouldn't name them.</p><p><blockquote>克利克斯表示，这些公司都在科技领域，但不愿透露姓名。</blockquote></p><p> ASX-listed Splitit Payments Inc. this week said American depositary receipts in the company will trade on the over-the-counter exchange OTCQX in an effort to increase its exposure to U.S. brokers, analysts and investors.</p><p><blockquote>在澳大利亚证券交易所上市的 Splitit Payments Inc. 本周表示，该公司的美国存托凭证将在场外交易所 OTCQX 进行交易，以增加其对美国经纪商、分析师和投资者的敞口。</blockquote></p><p> Another ASX-listed buy-now-pay-later company, Sezzle Inc., has said it is investigating a U.S. listing. Larger installment payment companies Zip Co. and Afterpay Ltd., the latter of which is being acquired by Square Inc., both generate more revenue from the U.S. than any other market.</p><p><blockquote>另一家在澳大利亚证券交易所上市的“先买后付”公司 Sezzle Inc. 表示正在调查在美国上市。规模较大的分期付款公司 Zip Co. 和 Afterpay Ltd.（后者正被 Square Inc. 收购）在美国的收入都超过了其他任何市场。</blockquote></p><p> The industries of the largest companies in Australia's S&amp;P/ASX 200 index indicated that local investors weren't quick to adapt to new technological trends, Mr. Klix said. Local analysts may lack the expertise to value high-growth tech firms amid a shortage of comparables, he added.</p><p><blockquote>Klix说，澳大利亚S&amp;P/ASX 200指数中最大公司的行业表明，当地投资者没有迅速适应新的技术趋势。他补充说，在缺乏可比数据的情况下，当地分析师可能缺乏对高增长科技公司进行估值的专业知识。</blockquote></p><p> Australia's top 10 listed companies by market capitalization includes five banks, two retail groups, global miner BHP Group Ltd. and communications provider Telstra Corp., which was formerly state-owned. Biotech firm CSL Ltd. is the tenth, but even that started life as a government entity in 1916.</p><p><blockquote>澳大利亚市值排名前十的上市公司包括五家银行、两家零售集团、全球矿商必和必拓集团有限公司和通信提供商澳洲电讯公司（Telstra Corp.），后者以前是国有企业。生物技术公司CSL有限公司是第十家，但即使是它也是在1916年作为政府实体开始的。</blockquote></p><p></p>","source":"market_watch","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>Nasdaq-Listed SPAC Targeting Australia, New Zealand Tech Firms<blockquote>纳斯达克上市特殊目的收购公司瞄准澳新科技公司</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\">\nNasdaq-Listed SPAC Targeting Australia, New Zealand Tech Firms<blockquote>纳斯达克上市特殊目的收购公司瞄准澳新科技公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-19 15:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SYDNEY--Integral Acquisition Corp. 1 is targeting an Australian or New Zealand technology company for a Nasdaq listing after the Covid-19 pandemic kept the region from partaking in the recent boom in special-purpose acquisition companies, its CEO said.</p><p><blockquote>悉尼——Integral Acquisition Corp. 1 首席执行官表示，在 Covid-19 大流行使该地区无法参与最近特殊目的收购公司的繁荣之后，该公司正瞄准一家澳大利亚或新西兰科技公司在纳斯达克上市。</blockquote></p><p> Integral raised $115 million this month in an initial public offering on the Nasdaq and is canvassing for tech targets in areas including finance, human resources, health, cybersecurity and software-as-a-service.</p><p><blockquote>Integral 本月在纳斯达克的首次公开募股中筹集了 1.15 亿美元，并正在为金融、人力资源、健康、网络安全和软件即服务等领域的技术目标进行拉票。</blockquote></p><p> Integral is the only listed SPAC solely focused on Australia and New Zealand, according to data provider SPAC Track. Chief Executive Enrique Klix, a former Citigroup Inc. and McKinsey &amp; Co. executive, said he spent the last year setting up Integral in Melbourne from behind Australia's closed international border.</p><p><blockquote>根据数据提供商 SPAC Track 的数据，Integral 是唯一一家专注于澳大利亚和新西兰的上市 SPAC。前花旗集团（Citigroup Inc.）和麦肯锡公司（McKinsey &amp; Co.）高管首席执行官恩里克·克利克斯（Enrique Klix）表示，他花了一年时间在澳大利亚关闭的国际边界后面在墨尔本建立了Integral。</blockquote></p><p> \"Australia and New Zealand have been in lockdown mode with their borders closed for the last 18 months. And that's when SPACs boomed,\" Mr. Klix told Dow Jones Newswires last week in an interview.</p><p><blockquote>“过去 18 个月来，澳大利亚和新西兰一直处于封锁状态，边境关闭。而这正是 SPAC 蓬勃发展的时候，”克利克斯先生上周在接受道琼斯通讯社采访时表示。</blockquote></p><p> SPACs give startups the chance to go public more quickly and with less scrutiny than with a traditional initial public offering. A Nasdaq listing also positions tech companies closer to their likely markets, said Mr. Klix, who led a turnaround at ASX-listed packaging-materials firm Orora Ltd.'s fiber business prior to its divestment.</p><p><blockquote>与传统的首次公开募股相比，SPAC 让初创公司有机会更快地上市，而且审查更少。Klix 先生表示，在纳斯达克上市还使科技公司更接近其可能的市场。他在撤资前领导了澳大利亚证券交易所上市包装材料公司 Orora Ltd. 光纤业务的扭亏为盈。</blockquote></p><p> \"You end up realizing that the center of gravity is in the U.S. from a capital markets point of view and eventually your business gravitates towards the U.S.,\" Mr. Klix said.</p><p><blockquote>“从资本市场的角度来看，你最终会意识到重心在美国，最终你的业务会被美国吸引，”克利克斯先生说。</blockquote></p><p> \"There are two companies on the ASX that their center of gravity changed to the U.S. and another regretting being listed here.\"</p><p><blockquote>“澳大利亚证券交易所有两家公司的重心转移到了美国，另一家公司后悔在这里上市。”</blockquote></p><p> Mr. Klix said the companies were in the tech space but wouldn't name them.</p><p><blockquote>克利克斯表示，这些公司都在科技领域，但不愿透露姓名。</blockquote></p><p> ASX-listed Splitit Payments Inc. this week said American depositary receipts in the company will trade on the over-the-counter exchange OTCQX in an effort to increase its exposure to U.S. brokers, analysts and investors.</p><p><blockquote>在澳大利亚证券交易所上市的 Splitit Payments Inc. 本周表示，该公司的美国存托凭证将在场外交易所 OTCQX 进行交易，以增加其对美国经纪商、分析师和投资者的敞口。</blockquote></p><p> Another ASX-listed buy-now-pay-later company, Sezzle Inc., has said it is investigating a U.S. listing. Larger installment payment companies Zip Co. and Afterpay Ltd., the latter of which is being acquired by Square Inc., both generate more revenue from the U.S. than any other market.</p><p><blockquote>另一家在澳大利亚证券交易所上市的“先买后付”公司 Sezzle Inc. 表示正在调查在美国上市。规模较大的分期付款公司 Zip Co. 和 Afterpay Ltd.（后者正被 Square Inc. 收购）在美国的收入都超过了其他任何市场。</blockquote></p><p> The industries of the largest companies in Australia's S&amp;P/ASX 200 index indicated that local investors weren't quick to adapt to new technological trends, Mr. Klix said. Local analysts may lack the expertise to value high-growth tech firms amid a shortage of comparables, he added.</p><p><blockquote>Klix说，澳大利亚S&amp;P/ASX 200指数中最大公司的行业表明，当地投资者没有迅速适应新的技术趋势。他补充说，在缺乏可比数据的情况下，当地分析师可能缺乏对高增长科技公司进行估值的专业知识。</blockquote></p><p> Australia's top 10 listed companies by market capitalization includes five banks, two retail groups, global miner BHP Group Ltd. and communications provider Telstra Corp., which was formerly state-owned. Biotech firm CSL Ltd. is the tenth, but even that started life as a government entity in 1916.</p><p><blockquote>澳大利亚市值排名前十的上市公司包括五家银行、两家零售集团、全球矿商必和必拓集团有限公司和通信提供商澳洲电讯公司（Telstra Corp.），后者以前是国有企业。生物技术公司CSL有限公司是第十家，但即使是它也是在1916年作为政府实体开始的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/nasdaq-listed-spac-targeting-australia-new-zealand-tech-firms-271637295997?mod=newsviewer_click\">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":{"INTEU":"Integral Acquisition Corporation 1"},"source_url":"https://www.marketwatch.com/story/nasdaq-listed-spac-targeting-australia-new-zealand-tech-firms-271637295997?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1124828073","content_text":"SYDNEY--Integral Acquisition Corp. 1 is targeting an Australian or New Zealand technology company for a Nasdaq listing after the Covid-19 pandemic kept the region from partaking in the recent boom in special-purpose acquisition companies, its CEO said.\nIntegral raised $115 million this month in an initial public offering on the Nasdaq and is canvassing for tech targets in areas including finance, human resources, health, cybersecurity and software-as-a-service.\nIntegral is the only listed SPAC solely focused on Australia and New Zealand, according to data provider SPAC Track. Chief Executive Enrique Klix, a former Citigroup Inc. and McKinsey & Co. executive, said he spent the last year setting up Integral in Melbourne from behind Australia's closed international border.\n\"Australia and New Zealand have been in lockdown mode with their borders closed for the last 18 months. And that's when SPACs boomed,\" Mr. Klix told Dow Jones Newswires last week in an interview.\nSPACs give startups the chance to go public more quickly and with less scrutiny than with a traditional initial public offering. A Nasdaq listing also positions tech companies closer to their likely markets, said Mr. Klix, who led a turnaround at ASX-listed packaging-materials firm Orora Ltd.'s fiber business prior to its divestment.\n\"You end up realizing that the center of gravity is in the U.S. from a capital markets point of view and eventually your business gravitates towards the U.S.,\" Mr. Klix said.\n\"There are two companies on the ASX that their center of gravity changed to the U.S. and another regretting being listed here.\"\nMr. Klix said the companies were in the tech space but wouldn't name them.\nASX-listed Splitit Payments Inc. this week said American depositary receipts in the company will trade on the over-the-counter exchange OTCQX in an effort to increase its exposure to U.S. brokers, analysts and investors.\nAnother ASX-listed buy-now-pay-later company, Sezzle Inc., has said it is investigating a U.S. listing. Larger installment payment companies Zip Co. and Afterpay Ltd., the latter of which is being acquired by Square Inc., both generate more revenue from the U.S. than any other market.\nThe industries of the largest companies in Australia's S&P/ASX 200 index indicated that local investors weren't quick to adapt to new technological trends, Mr. Klix said. Local analysts may lack the expertise to value high-growth tech firms amid a shortage of comparables, he added.\nAustralia's top 10 listed companies by market capitalization includes five banks, two retail groups, global miner BHP Group Ltd. and communications provider Telstra Corp., which was formerly state-owned. Biotech firm CSL Ltd. is the tenth, but even that started life as a government entity in 1916.","news_type":1,"symbols_score_info":{"INTEU":0.9}},"isVote":1,"tweetType":1,"viewCount":1069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876621535,"gmtCreate":1637307257358,"gmtModify":1637307272201,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Good good move move&nbsp;","listText":"Good good move move&nbsp;","text":"Good good move move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876621535","repostId":"2184989749","repostType":4,"isVote":1,"tweetType":1,"viewCount":985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878771273,"gmtCreate":1637239146237,"gmtModify":1637239146357,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Record record like","listText":"Record record like","text":"Record record like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878771273","repostId":"1125341334","repostType":4,"isVote":1,"tweetType":1,"viewCount":922,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878771845,"gmtCreate":1637239118849,"gmtModify":1637239119012,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Gogo the power&nbsp;","listText":"Gogo the power&nbsp;","text":"Gogo the power","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878771845","repostId":"1123175323","repostType":4,"repost":{"id":"1123175323","kind":"news","pubTimestamp":1637238635,"share":"https://www.laohunote.com/m/news/1123175323?lang=zh_CN&edition=full","pubTime":"2021-11-18 20:30","market":"us","language":"en","title":"10 Biggest Price Target Changes For Thursday<blockquote>周四 10 大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123175323","media":"Benzinga","summary":"Telsey Advisory Group lifted Lowe's Companies, Inc. price target from $250 to $275. Lowe's shares ro","content":"<p><div> Telsey Advisory Group lifted Lowe's Companies, Inc. price target from $250 to $275. Lowe's shares rose 0.1% to $246.00 in pre-market trading. Keybanc boosted NVIDIA Corporation price target from $260 ...</p><p><blockquote><div>Telsey Advisory Group 将 Lowe's Companies, Inc. 的目标价从 250 美元上调至 275 美元。劳氏股价在盘前交易中上涨 0.1%，至 246.00 美元。Keybanc 将 NVIDIA Corporation 目标价从 260 美元上调……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>10 Biggest Price Target Changes For Thursday<blockquote>周四 10 大价格目标变化</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\">\n10 Biggest Price Target Changes For Thursday<blockquote>周四 10 大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-18 20:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Telsey Advisory Group lifted Lowe's Companies, Inc. price target from $250 to $275. Lowe's shares rose 0.1% to $246.00 in pre-market trading. Keybanc boosted NVIDIA Corporation price target from $260 ...</p><p><blockquote><div>Telsey Advisory Group 将 Lowe's Companies, Inc. 的目标价从 250 美元上调至 275 美元。劳氏股价在盘前交易中上涨 0.1%，至 246.00 美元。Keybanc 将 NVIDIA Corporation 目标价从 260 美元上调……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday\">Benzinga</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":{"BA":"波音","GPRO":"GoPro","NVDA":"英伟达"},"source_url":"https://www.benzinga.com/markets/penny-stocks/21/11/24166015/10-biggest-price-target-changes-for-thursday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123175323","content_text":"Telsey Advisory Group lifted Lowe's Companies, Inc. price target from $250 to $275. Lowe's shares rose 0.1% to $246.00 in pre-market trading.\nKeybanc boosted NVIDIA Corporation price target from $260 to $350. NVIDIA shares gained 6.8% to $312.41 in pre-market trading.\nJP Morgan lifted the price target for The Boeing Company from $260 to $275. Boeing shares climbed 2% to $231.16 in pre-market trading.\nHC Wainwright & Co. cut the price target on Eloxx Pharmaceuticals, Inc. from $2 to $1. Eloxx Pharmaceuticals shares rose 1.2% to $0.8785 in pre-market trading.\nNeedham raised the price target on Juniper Networks, Inc. from $30 to $38. Juniper Networks shares rose 0.4% to close at $32.12 on Wednesday.\nEvercore ISI Group lifted the price target for The Hain Celestial Group, Inc. from $46 to $48. Hain Celestial shares rose 1.7% to $41.46 in pre-market trading.\nJP Morgan boosted GoPro, Inc. price target from $13 to $15. GoPro shares rose 3.9% to $12.00 in pre-market trading.\nMorgan Stanley lowered Oatly Group AB price target from $20 to $14. Oatly Group shares rose 3.9% to $9.81 in pre-market trading.\nPiper Sandler boosted the price target on Asana, Inc. from $85 to $140. Asana shares rose 1.1% to $133.00 in pre-market trading.\nJefferies raised Hilton Grand Vacations Inc. price target from $46 to $62. Hilton Grand Vacations shares rose 1.5% to $52.75 in pre-market trading.","news_type":1,"symbols_score_info":{"BA":0.9,"GPRO":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878771363,"gmtCreate":1637239105864,"gmtModify":1637239105984,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Payback&nbsp;","listText":"Payback&nbsp;","text":"Payback","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878771363","repostId":"1181325245","repostType":4,"isVote":1,"tweetType":1,"viewCount":1066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878771021,"gmtCreate":1637239093176,"gmtModify":1637239093343,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878771021","repostId":"1183966718","repostType":4,"repost":{"id":"1183966718","kind":"news","pubTimestamp":1637238943,"share":"https://www.laohunote.com/m/news/1183966718?lang=zh_CN&edition=full","pubTime":"2021-11-18 20:35","market":"us","language":"en","title":"4 Stocks Insiders Are Selling<blockquote>内部人士正在出售 4 只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183966718","media":"Benzinga","summary":"When insiders sell shares, it indicates their concern in the company’s prospects or that they view t","content":"<p><div> When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. ...</p><p><blockquote><div>当内部人士出售股票时，表明他们对公司的前景感到担忧，或者认为股票定价过高。不管怎样，这都预示着做空该股的机会。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>4 Stocks Insiders Are Selling<blockquote>内部人士正在出售 4 只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Stocks Insiders Are Selling<blockquote>内部人士正在出售 4 只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-18 20:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. ...</p><p><blockquote><div>当内部人士出售股票时，表明他们对公司的前景感到担忧，或者认为股票定价过高。不管怎样，这都预示着做空该股的机会。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">Benzinga</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":{"SNAP":"Snap Inc","TNET":"TriNet Group Inc","MRVL":"迈威尔科技","GOOG":"谷歌"},"source_url":"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183966718","content_text":"When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.\nBelow is a look at a few recent notable insider sales.\nMarvell Technology\n\nThe Trade:Marvell Technology, Inc. President, Products and Tech Raghib Hussain disposed a total of 324957 shares at an average price of $72.51. The insider received $23,561,016.51 as a result of the transaction. The insider also bought a total of 124957 shares.\nWhat’s Happening:Marvell Technology, recently commenced an offer to exchange certain of its outstanding unregistered notes for new registered notes.\nWhat Marvell Technology Does:Marvell Technology is a leading fabless chipmaker focused on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for ethernet applications.\n\nAlphabet\n\nThe Trade:Alphabet Inc. CEO Sundar Pichai sold a total of 16500 shares at an average price of $2,981.43. The insider received $8,944,299.26 from selling those shares. The insider also acquired a total of 13500 shares.\nWhat’s Happening:NICE and Google Cloud announced collaboration to drive smarter digital conversations and improve self-service experiences.\nWhat Alphabet Does:Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads.\n\nTriNet Group\n\nThe Trade:TriNet Group, Inc. Principal Accounting Officer Chris Kondo sold a total of 21491 shares at an average price of $108.08. The insider received $1,242,000.35 as a result of the transaction. The insider also acquired a total of 2000 shares.\nWhat’s Happening:Trinet Group, last month, announced better-than-expected Q3 EPS results.\nWhat TriNet Group Does:Trinet Group Inc is a United States-based company that provides human resources solutions for small to medium-size companies.\n\nSnap\n\nThe Trade:Snap Inc. Chief Financial Officer Derek Andersen sold a total of 12793 shares at an average price of $54.31. The insider received $694,787.12 from selling those shares.\nWhat’s Happening:Camo, last month, reported a partnership with Snap to accelerate augmented reality streams for games, meetings, presentations.\nWhat Snap Does:Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe.","news_type":1,"symbols_score_info":{"SNAP":0.9,"GOOG":0.9,"TNET":0.9,"MRVL":0.9}},"isVote":1,"tweetType":1,"viewCount":926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":871149740,"gmtCreate":1637041528611,"gmtModify":1637041528726,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Power dump yields","listText":"Power dump yields","text":"Power dump yields","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/871149740","repostId":"2183607933","repostType":4,"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891459055,"gmtCreate":1628415645577,"gmtModify":1633747240900,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Wooo","listText":"Wooo","text":"Wooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891459055","repostId":"2157901414","repostType":4,"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896441144,"gmtCreate":1628603081488,"gmtModify":1633745819137,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Rock NIO","listText":"Rock NIO","text":"Rock NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/896441144","repostId":"2158479992","repostType":4,"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878773742,"gmtCreate":1637239084099,"gmtModify":1637239084218,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"That's bad&nbsp;","listText":"That's bad&nbsp;","text":"That's bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/878773742","repostId":"2184602028","repostType":4,"isVote":1,"tweetType":1,"viewCount":730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878982830,"gmtCreate":1637138583003,"gmtModify":1637138583003,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Baidu power [Miser]&nbsp;","listText":"Baidu power [Miser]&nbsp;","text":"Baidu power [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878982830","repostId":"1154755901","repostType":4,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohunote.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"us","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>百度凭借强劲的广告销售和人工智能超出季度收入预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>中国百度公司周三公布的季度收入高于华尔街预期，这得益于广告销售以及对其人工智能和云产品的需求的强劲。百度表示，第三季度总收入为319.2亿元人民币（49.5亿美元），略高于分析师平均预期的317.1亿元根据路孚特的IBES数据。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨 1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>收入总额</b>为人民币 319 亿元（49.5 亿美元），同比增长 13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为人民币195亿元（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云计算和其他人工智能驱动的业务的推动下，人民币 52 亿元（8.06 亿美元），同比增长 76%。</li><li><b>来自爱奇艺的收入</b>为人民币76亿元（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为人民币 161 亿元（25 亿美元），同比增长 26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为人民币73亿元（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及涉及前广告代理的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发开支</b>为人民币62亿元（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>经营利润</b>为人民币 23 亿元（3.58 亿美元）。<b>百度核心经营利润</b>为人民币 37 亿元（5.77 亿美元），百度核心营业利润率为 15%。<b>非美国通用会计准则经营利润</b>为人民币 47 亿元（7.31 亿美元）。<b>百度核心非 GAAP 经营利润</b>为人民币 58 亿元（9.04 亿美元），百度核心非 GAAP 营业利润率为 24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他损失总额，净额</b>为人民币 215 亿元（33.4 亿美元），其中包括 189 亿非现金、按市场计价的长期投资损失。该等季度公平值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为人民币 18 亿元（2.86 亿美元），而 2020 年第三季度的所得税费用为人民币 16 亿元，主要是由于长期投资公允价值损失确认的递延所得税优惠增加以及之前被认为不可扣除的某些费用的扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>百度应占净亏损为人民币 166 亿元（25.7 亿美元），每股美国存托凭证摊薄亏损为人民币 48.18 元（7.48 美元）。<b>百度核心应占亏损净额</b>为人民币 156 亿元（24.3 亿美元）。<b>非公认会计准则归属于百度的净利润</b>为人民币 51 亿元（7.9 亿美元），非 GAAP 每股美国存托凭证摊薄收益为人民币 14.66 元（2.28 美元）。<b>非公认会计准则归属于百度核心的净利润</b>为人民币 59 亿元（9.09 亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后 EBITDA</b>为人民币 60 亿元（9.25 亿美元）。<b>百度核心调整后 EBITDA</b>为人民币 70 亿元（10.9 亿美元），百度核心调整后 EBITDA 利润率为 28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金及短期投资</b>为人民币1,946亿元（302.0亿美元），<b>现金、现金等价物、受限制现金及不包括爱奇艺的短期投资</b>为人民币 1,836 亿元（284.9 亿美元）。<b>自由现金流</b>为人民币6.91亿元（1.08亿美元），以及<b>不含爱奇艺的自由现金流</b>为人民币 29 亿元（4.49 亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>2021 年第三季度净亏损包括 aRMB 189 亿美元因季度公允价值调整而产生的长期投资非现金、按市场计价亏损。</li><li>环境、社会及管治：</li><li>百度向河南省捐赠9000万元人民币，帮助河南省应对近期自然灾害。</li><li>- 小度推出“视觉辅助”，支持视障人士语音控制和点播屏幕文字阅读，带来更流畅的音频体验。</li><li>- 10月，百度成立了数据管理委员会，以整合现有的数据管理、数据私隐与保护和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是联合国教科文组织世界遗产，拥有800年历史的桥梁和水道，正在使用百度智慧城市云，为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度王牌智慧交通已被24个城市采用，按签约金额超过人民币1,000万元计算，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，获得411张自动驾驶许可，体现了Apollo广泛的地理覆盖范围和广泛的测试场景。</li><li>Pollo Godoubled 提供的乘车服务依次增加，覆盖上海、北京、广州、长沙和沧州。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot (ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的制造商总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年第二季度，小度在全球智能显示器出货量和中国智能音箱出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超级多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的MAU达到6.07亿，同比增长12%，日登录用户达到79%的历史新高，体现出积极的用户体验。</li><li>通过持续的营销云增强功能（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的 43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>截至2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指导</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>对于2021年第四季度，百度预计收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</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>Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>百度凭借强劲的广告销售和人工智能超出季度收入预期</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>百度凭借强劲的广告销售和人工智能超出季度收入预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>中国百度公司周三公布的季度收入高于华尔街预期，这得益于广告销售以及对其人工智能和云产品的需求的强劲。百度表示，第三季度总收入为319.2亿元人民币（49.5亿美元），略高于分析师平均预期的317.1亿元根据路孚特的IBES数据。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨 1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>收入总额</b>为人民币 319 亿元（49.5 亿美元），同比增长 13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为人民币195亿元（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云计算和其他人工智能驱动的业务的推动下，人民币 52 亿元（8.06 亿美元），同比增长 76%。</li><li><b>来自爱奇艺的收入</b>为人民币76亿元（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为人民币 161 亿元（25 亿美元），同比增长 26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为人民币73亿元（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及涉及前广告代理的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发开支</b>为人民币62亿元（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>经营利润</b>为人民币 23 亿元（3.58 亿美元）。<b>百度核心经营利润</b>为人民币 37 亿元（5.77 亿美元），百度核心营业利润率为 15%。<b>非美国通用会计准则经营利润</b>为人民币 47 亿元（7.31 亿美元）。<b>百度核心非 GAAP 经营利润</b>为人民币 58 亿元（9.04 亿美元），百度核心非 GAAP 营业利润率为 24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他损失总额，净额</b>为人民币 215 亿元（33.4 亿美元），其中包括 189 亿非现金、按市场计价的长期投资损失。该等季度公平值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为人民币 18 亿元（2.86 亿美元），而 2020 年第三季度的所得税费用为人民币 16 亿元，主要是由于长期投资公允价值损失确认的递延所得税优惠增加以及之前被认为不可扣除的某些费用的扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>百度应占净亏损为人民币 166 亿元（25.7 亿美元），每股美国存托凭证摊薄亏损为人民币 48.18 元（7.48 美元）。<b>百度核心应占亏损净额</b>为人民币 156 亿元（24.3 亿美元）。<b>非公认会计准则归属于百度的净利润</b>为人民币 51 亿元（7.9 亿美元），非 GAAP 每股美国存托凭证摊薄收益为人民币 14.66 元（2.28 美元）。<b>非公认会计准则归属于百度核心的净利润</b>为人民币 59 亿元（9.09 亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后 EBITDA</b>为人民币 60 亿元（9.25 亿美元）。<b>百度核心调整后 EBITDA</b>为人民币 70 亿元（10.9 亿美元），百度核心调整后 EBITDA 利润率为 28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金及短期投资</b>为人民币1,946亿元（302.0亿美元），<b>现金、现金等价物、受限制现金及不包括爱奇艺的短期投资</b>为人民币 1,836 亿元（284.9 亿美元）。<b>自由现金流</b>为人民币6.91亿元（1.08亿美元），以及<b>不含爱奇艺的自由现金流</b>为人民币 29 亿元（4.49 亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>2021 年第三季度净亏损包括 aRMB 189 亿美元因季度公允价值调整而产生的长期投资非现金、按市场计价亏损。</li><li>环境、社会及管治：</li><li>百度向河南省捐赠9000万元人民币，帮助河南省应对近期自然灾害。</li><li>- 小度推出“视觉辅助”，支持视障人士语音控制和点播屏幕文字阅读，带来更流畅的音频体验。</li><li>- 10月，百度成立了数据管理委员会，以整合现有的数据管理、数据私隐与保护和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是联合国教科文组织世界遗产，拥有800年历史的桥梁和水道，正在使用百度智慧城市云，为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度王牌智慧交通已被24个城市采用，按签约金额超过人民币1,000万元计算，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，获得411张自动驾驶许可，体现了Apollo广泛的地理覆盖范围和广泛的测试场景。</li><li>Pollo Godoubled 提供的乘车服务依次增加，覆盖上海、北京、广州、长沙和沧州。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot (ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的制造商总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年第二季度，小度在全球智能显示器出货量和中国智能音箱出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超级多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的MAU达到6.07亿，同比增长12%，日登录用户达到79%的历史新高，体现出积极的用户体验。</li><li>通过持续的营销云增强功能（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的 43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>截至2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指导</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>对于2021年第四季度，百度预计收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865637886,"gmtCreate":1632974198477,"gmtModify":1632974282314,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Wooo.. great","listText":"Wooo.. great","text":"Wooo.. great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/865637886","repostId":"1150430616","repostType":4,"repost":{"id":"1150430616","kind":"news","pubTimestamp":1632973987,"share":"https://www.laohunote.com/m/news/1150430616?lang=zh_CN&edition=full","pubTime":"2021-09-30 11:53","market":"us","language":"en","title":"Alternative-Milk Company Perfect Day Raises $350 Million, Prepares for IPO<blockquote>替代牛奶公司 Perfect Day 筹集 3.5 亿美元，准备 IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150430616","media":"The Wall Street Journal","summary":"Food-tech startup advised by Leonardo DiCaprio is valued at roughly $1.5 billio.\n\nPerfect Day Inc. r","content":"<p>  <b>Food-tech startup advised by Leonardo DiCaprio is valued at roughly $1.5 billio.</b>  Perfect Day Inc. raised $350 million in a late-stage funding round, valuing the non-animal dairy startup at roughly $1.5 billion and setting the stage for an initial public offering.</p><p><blockquote><b>莱昂纳多·迪卡普里奥 (Leonardo DiCaprio) 担任顾问的食品科技初创公司估值约为 15 亿美元。</b>Perfect Day Inc.在后期融资中筹集了3.5亿美元，这家非动物乳制品初创公司的估值约为15亿美元，并为首次公开募股奠定了基础。</blockquote></p><p> Singapore’s Temasek and Canada Pension Plan Investment Board led the Series D funding round for the California company, co-founders Ryan Pandya and Perumal Gandhi told The Wall Street Journal. Other investors include Walt Disney Co. Executive Chairman Robert Iger.</p><p><blockquote>联合创始人瑞安-潘迪亚（Ryan Pandya）和佩鲁马尔-甘地（Perumal Gandhi）告诉《华尔街日报》，新加坡淡马锡和加拿大养老金计划投资委员会（Canada Pension Plan Investment Board）牵头了这家加州公司的D轮融资。其他投资者包括华特迪士尼公司执行主席罗伯特·艾格。</blockquote></p><p> Since its founding in 2014, Perfect Day, which uses fermentation technology to produce animal-free dairy proteins and counts actor Leonardo DiCaprio as an adviser, has raised $750 million.</p><p><blockquote>自2014年成立以来，Perfect Day已经筹集了7.5亿美元，该公司使用发酵技术生产不含动物的乳制品蛋白，并聘请了演员莱昂纳多·迪卡普里奥担任顾问。</blockquote></p><p> It is laying the groundwork for an IPO, with plans to list shares in the next 12 months, according to people close to the company.&nbsp;There is no guarantee it will pull one off, as the red-hot IPO market will inevitably cool at some point and investor enthusiasm for environmentally conscious companies could also wane.</p><p><blockquote>据接近该公司的人士透露，该公司正在为首次公开募股（IPO）奠定基础，计划在未来 12 个月内上市。不能保证它会成功，因为炙手可热的 IPO 市场将不可避免地在某个时候降温，投资者对具有环保意识的公司的热情也可能减弱。</blockquote></p><p> Inspired by their attempts at veganism, Messrs. Gandhi and Pandya founded the company with the goal of creating a way to make better-tasting dairy without using animals, though its scope has since expanded.</p><p><blockquote>受素食主义尝试的启发，甘地先生和潘迪亚先生创立了这家公司，目标是创造一种不使用动物就能制作味道更好的乳制品的方法，尽管其范围后来不断扩大。</blockquote></p><p> Perfect Day uses genetically modified microflora that ferments sugar and creates real dairy protein. In 2019, the company debuted an ice cream made from non-animal whey protein.</p><p><blockquote>Perfect Day使用转基因微生物群发酵糖并产生真正的乳制品蛋白。2019年，该公司推出了一款由非动物乳清蛋白制成的冰淇淋。</blockquote></p><p> The company’s co-founders tout the environmental benefits of its products compared with traditional cow dairy. Perfect Day’s milk results in a 97% reduction in greenhouse gas emissions when compared with conventional dairy products, the company says.</p><p><blockquote>该公司的联合创始人大肆宣扬其产品与传统奶牛相比对环境的益处。该公司表示，与传统乳制品相比，Perfect Day 牛奶可减少 97% 的温室气体排放。</blockquote></p><p> Perfect Day also forms partnerships with existing brands, such as Midwest ice cream manufacturer Graeter’s, enabling them to use its proteins in their products. It is also looking to leverage its protein-making capabilities in other fields such as pharmaceuticals.</p><p><blockquote>Perfect Day 还与中西部冰淇淋制造商 Graeter's 等现有品牌建立了合作伙伴关系，使他们能够在产品中使用其蛋白质。它还希望在制药等其他领域利用其蛋白质制造能力。</blockquote></p><p> Perfect Day hopes to appeal to the booming segment of environmentally conscious consumers. The global market for meat and dairy alternatives is on the rise, withsales of plant-based foodsoutpacing overall food sales.</p><p><blockquote>完美日希望吸引日益增长的具有环保意识的消费者群体。肉类和乳制品替代品的全球市场正在上升，植物性食品的销量超过了整体食品销量。</blockquote></p><p> Companies that “do good”are rushing to the public markets, and in many cases being embraced by investors. Swedish oat-milk makerOatly GroupAB priced its IPO earlier this year above expectations, two years afterBeyond MeatInc.’ssharessoared in their stock-market debut. Giving them a boost is the popularity of sustainable-investment funds, which put money into companies that meet certain environmental, social and governance standards. These funds recently reached nearly $2 trillion in assets globally.</p><p><blockquote>“做得好 ”的公司正争先恐后地进入公开市场，在很多情况下都受到了投资者的欢迎。瑞典燕麦奶制造商 Atly GroupAB 今年早些时候将其 IPO 定价高于预期，两年前 Beyond MeatInc.推动它们的是可持续投资基金的流行，这些基金将资金投入到符合某些环境、社会和治理标准的公司中。这些基金最近在全球拥有近2万亿美元的资产。</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>Alternative-Milk Company Perfect Day Raises $350 Million, Prepares for IPO<blockquote>替代牛奶公司 Perfect Day 筹集 3.5 亿美元，准备 IPO</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\">\nAlternative-Milk Company Perfect Day Raises $350 Million, Prepares for IPO<blockquote>替代牛奶公司 Perfect Day 筹集 3.5 亿美元，准备 IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-30 11:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Food-tech startup advised by Leonardo DiCaprio is valued at roughly $1.5 billio.</b>  Perfect Day Inc. raised $350 million in a late-stage funding round, valuing the non-animal dairy startup at roughly $1.5 billion and setting the stage for an initial public offering.</p><p><blockquote><b>莱昂纳多·迪卡普里奥 (Leonardo DiCaprio) 担任顾问的食品科技初创公司估值约为 15 亿美元。</b>Perfect Day Inc.在后期融资中筹集了3.5亿美元，这家非动物乳制品初创公司的估值约为15亿美元，并为首次公开募股奠定了基础。</blockquote></p><p> Singapore’s Temasek and Canada Pension Plan Investment Board led the Series D funding round for the California company, co-founders Ryan Pandya and Perumal Gandhi told The Wall Street Journal. Other investors include Walt Disney Co. Executive Chairman Robert Iger.</p><p><blockquote>联合创始人瑞安-潘迪亚（Ryan Pandya）和佩鲁马尔-甘地（Perumal Gandhi）告诉《华尔街日报》，新加坡淡马锡和加拿大养老金计划投资委员会（Canada Pension Plan Investment Board）牵头了这家加州公司的D轮融资。其他投资者包括华特迪士尼公司执行主席罗伯特·艾格。</blockquote></p><p> Since its founding in 2014, Perfect Day, which uses fermentation technology to produce animal-free dairy proteins and counts actor Leonardo DiCaprio as an adviser, has raised $750 million.</p><p><blockquote>自2014年成立以来，Perfect Day已经筹集了7.5亿美元，该公司使用发酵技术生产不含动物的乳制品蛋白，并聘请了演员莱昂纳多·迪卡普里奥担任顾问。</blockquote></p><p> It is laying the groundwork for an IPO, with plans to list shares in the next 12 months, according to people close to the company.&nbsp;There is no guarantee it will pull one off, as the red-hot IPO market will inevitably cool at some point and investor enthusiasm for environmentally conscious companies could also wane.</p><p><blockquote>据接近该公司的人士透露，该公司正在为首次公开募股（IPO）奠定基础，计划在未来 12 个月内上市。不能保证它会成功，因为炙手可热的 IPO 市场将不可避免地在某个时候降温，投资者对具有环保意识的公司的热情也可能减弱。</blockquote></p><p> Inspired by their attempts at veganism, Messrs. Gandhi and Pandya founded the company with the goal of creating a way to make better-tasting dairy without using animals, though its scope has since expanded.</p><p><blockquote>受素食主义尝试的启发，甘地先生和潘迪亚先生创立了这家公司，目标是创造一种不使用动物就能制作味道更好的乳制品的方法，尽管其范围后来不断扩大。</blockquote></p><p> Perfect Day uses genetically modified microflora that ferments sugar and creates real dairy protein. In 2019, the company debuted an ice cream made from non-animal whey protein.</p><p><blockquote>Perfect Day使用转基因微生物群发酵糖并产生真正的乳制品蛋白。2019年，该公司推出了一款由非动物乳清蛋白制成的冰淇淋。</blockquote></p><p> The company’s co-founders tout the environmental benefits of its products compared with traditional cow dairy. Perfect Day’s milk results in a 97% reduction in greenhouse gas emissions when compared with conventional dairy products, the company says.</p><p><blockquote>该公司的联合创始人大肆宣扬其产品与传统奶牛相比对环境的益处。该公司表示，与传统乳制品相比，Perfect Day 牛奶可减少 97% 的温室气体排放。</blockquote></p><p> Perfect Day also forms partnerships with existing brands, such as Midwest ice cream manufacturer Graeter’s, enabling them to use its proteins in their products. It is also looking to leverage its protein-making capabilities in other fields such as pharmaceuticals.</p><p><blockquote>Perfect Day 还与中西部冰淇淋制造商 Graeter's 等现有品牌建立了合作伙伴关系，使他们能够在产品中使用其蛋白质。它还希望在制药等其他领域利用其蛋白质制造能力。</blockquote></p><p> Perfect Day hopes to appeal to the booming segment of environmentally conscious consumers. The global market for meat and dairy alternatives is on the rise, withsales of plant-based foodsoutpacing overall food sales.</p><p><blockquote>完美日希望吸引日益增长的具有环保意识的消费者群体。肉类和乳制品替代品的全球市场正在上升，植物性食品的销量超过了整体食品销量。</blockquote></p><p> Companies that “do good”are rushing to the public markets, and in many cases being embraced by investors. Swedish oat-milk makerOatly GroupAB priced its IPO earlier this year above expectations, two years afterBeyond MeatInc.’ssharessoared in their stock-market debut. Giving them a boost is the popularity of sustainable-investment funds, which put money into companies that meet certain environmental, social and governance standards. These funds recently reached nearly $2 trillion in assets globally.</p><p><blockquote>“做得好 ”的公司正争先恐后地进入公开市场，在很多情况下都受到了投资者的欢迎。瑞典燕麦奶制造商 Atly GroupAB 今年早些时候将其 IPO 定价高于预期，两年前 Beyond MeatInc.推动它们的是可持续投资基金的流行，这些基金将资金投入到符合某些环境、社会和治理标准的公司中。这些基金最近在全球拥有近2万亿美元的资产。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/alternative-milk-company-perfect-day-raises-350-million-prepares-for-ipo-11632952800?mod=business_lead_pos3\">The Wall Street Journal</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":{},"source_url":"https://www.wsj.com/articles/alternative-milk-company-perfect-day-raises-350-million-prepares-for-ipo-11632952800?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150430616","content_text":"Food-tech startup advised by Leonardo DiCaprio is valued at roughly $1.5 billio.\n\nPerfect Day Inc. raised $350 million in a late-stage funding round, valuing the non-animal dairy startup at roughly $1.5 billion and setting the stage for an initial public offering.\nSingapore’s Temasek and Canada Pension Plan Investment Board led the Series D funding round for the California company, co-founders Ryan Pandya and Perumal Gandhi told The Wall Street Journal. Other investors include Walt Disney Co. Executive Chairman Robert Iger.\nSince its founding in 2014, Perfect Day, which uses fermentation technology to produce animal-free dairy proteins and counts actor Leonardo DiCaprio as an adviser, has raised $750 million.\nIt is laying the groundwork for an IPO, with plans to list shares in the next 12 months, according to people close to the company. There is no guarantee it will pull one off, as the red-hot IPO market will inevitably cool at some point and investor enthusiasm for environmentally conscious companies could also wane.\nInspired by their attempts at veganism, Messrs. Gandhi and Pandya founded the company with the goal of creating a way to make better-tasting dairy without using animals, though its scope has since expanded.\nPerfect Day uses genetically modified microflora that ferments sugar and creates real dairy protein. In 2019, the company debuted an ice cream made from non-animal whey protein.\nThe company’s co-founders tout the environmental benefits of its products compared with traditional cow dairy. Perfect Day’s milk results in a 97% reduction in greenhouse gas emissions when compared with conventional dairy products, the company says.\nPerfect Day also forms partnerships with existing brands, such as Midwest ice cream manufacturer Graeter’s, enabling them to use its proteins in their products. It is also looking to leverage its protein-making capabilities in other fields such as pharmaceuticals.\nPerfect Day hopes to appeal to the booming segment of environmentally conscious consumers. The global market for meat and dairy alternatives is on the rise, withsales of plant-based foodsoutpacing overall food sales.\nCompanies that “do good”are rushing to the public markets, and in many cases being embraced by investors. Swedish oat-milk makerOatly GroupAB priced its IPO earlier this year above expectations, two years afterBeyond MeatInc.’ssharessoared in their stock-market debut. Giving them a boost is the popularity of sustainable-investment funds, which put money into companies that meet certain environmental, social and governance standards. These funds recently reached nearly $2 trillion in assets globally.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865091235,"gmtCreate":1632922406098,"gmtModify":1632922408776,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/865091235","repostId":"1136349988","repostType":4,"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860965814,"gmtCreate":1632123825138,"gmtModify":1632802694116,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/860965814","repostId":"1109188181","repostType":4,"repost":{"id":"1109188181","kind":"news","pubTimestamp":1632123243,"share":"https://www.laohunote.com/m/news/1109188181?lang=zh_CN&edition=full","pubTime":"2021-09-20 15:34","market":"us","language":"en","title":"Savvy stock traders use these 2 insider tips to know when to buy and sell<blockquote>精明的股票交易者使用这 2 个内部提示来了解何时买卖</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109188181","media":"MarketWatch","summary":"MACD and the MACD-Histogram can give your trading portfolio a boost.\n\nFor many stock traders, four l","content":"<p>  <b>MACD and the MACD-Histogram can give your trading portfolio a boost.</b>  For many stock traders, four letters can spell the difference between a winning and losing position. MACD (moving average convergence divergence) ranks among the key stock market indicators (along with moving averages and RSI) that traders use consistently in their analysis.</p><p><blockquote><b>MACD 和 MACD 直方图可以提升您的交易组合。</b>对于许多股票交易者来说，四个字母可以拼出盈利和亏损头寸之间的区别。MACD（移动平均线收敛背离）是交易者在分析中始终使用的关键股票市场指标（以及移动平均线和RSI）之一。</blockquote></p><p> Let’s discuss a number of creative ways to use this powerful and versatile gauge.</p><p><blockquote>让我们来讨论一下使用这种强大而多功能的仪表的一些创造性方法。</blockquote></p><p> MACD, introduced in the late 1970s, is a trend-following momentum indicator.&nbsp; It helps to determine when a trend, and its associated momentum (i.e., directional speed and duration) has ended or begun, or might reverse direction.</p><p><blockquote>MACD于20世纪70年代末推出，是一种趋势跟踪动量指标。它有助于确定一个趋势及其相关的动量（即方向速度和持续时间）何时结束或开始，或者可能反转方向。</blockquote></p><p> Be aware that MACD is a “lagging” or “backward-looking” indicator, which means its signals are delayed, but don’t let that deter you. When MACD yields a signal, it is often significant, especially if used on a weekly chart (versus the daily chart favored by short-term traders). In fact, the longer the MACD time frame, the more valid the results, which is one reason longer-term traders like myself prefer to use a weekly chart.</p><p><blockquote>请注意，MACD 是一个 “滞后 ”或 “回顾性 ”指标，这意味着它的信号是延迟的，但不要因此而望而却步。当 MACD 产生信号时，它通常很重要，尤其是在周线图上使用时（相对于短线交易者青睐的日线图）。事实上，MACD时间范围越长，结果就越有效，这也是像我这样的长期交易者更喜欢使用周线图的原因之一。</blockquote></p><p> When you view MACD on a chart, you see two lines. The black line is referred to as the “MACD line.” The gray (or red) line is referred to as the “signal line.” Remember: the MACD line is the leader line, while the signal line is the laggard line.</p><p><blockquote>当你在图表上查看MACD时，你会看到两条线。黑线被称为 “MACD 线”。灰色(或红色)线被称为“信号线”。记住：MACD线是领先线，而信号线是落后线。</blockquote></p><p> In addition, a horizontal line runs across the chart called the “zero line” (0 line).&nbsp; The main function of the zero line is to alert you to the primary trend of the underlying price action.</p><p><blockquote>此外，图表上还有一条水平线，称为 “零线”（0 线）。零线的主要功能是提醒您注意基础价格走势的主要趋势。</blockquote></p><p> <b>Four simple trading signals</b></p><p><blockquote><b>四个简单的交易信号</b></blockquote></p><p> At its most basic level, MACD generates four signals:</p><p><blockquote>在最基本的水平上，MACD 会产生四个信号：</blockquote></p><p> <b>Buy:</b>When the MACD line crosses above the zero line, it’s bullish.</p><p><blockquote><b>购买：</b>当 MACD 线穿过零线上方时，则为看涨。</blockquote></p><p> <b>Buy:</b>When the MACD line crosses above the nine-day signal line, it’s bullish.</p><p><blockquote><b>购买：</b>当 MACD 线穿过九日信号线上方时，则为看涨。</blockquote></p><p> <b>Sell:</b>When the MACD line crosses below the zero line, it’s bearish.</p><p><blockquote><b>出售：</b>当 MACD 线穿过零线下方时，则为看跌。</blockquote></p><p> <b>Sell:</b>When the MACD line crosses below the nine-day signal line, it’s bearish.</p><p><blockquote><b>出售：</b>当 MACD 线穿过九日信号线下方时，则为看跌。</blockquote></p><p> Note: When both the MACD line and nine-day signal line move in the same direction (uptrend or downtrend), that is a stronger, more significant signal.</p><p><blockquote>注意：当MACD线和九日信号线都朝同一方向移动（上升趋势或下降趋势）时，这是一个更强、更重要的信号。</blockquote></p><p> Keep in mind that just because MACD generates a buy or sell signal does not mean it is an actionable trade. Like that of any indicator, there are false signals. In addition, it’s essential that you confirm with other indicators before betting real money on a trade. Think of these MACD buy and sell signals as guidelines, not rules.</p><p><blockquote>请记住，仅仅因为MACD产生买入或卖出信号并不意味着它是一个可操作的交易。像任何指标一样，也有错误信号。此外，在用真金白银进行交易之前，还必须与其他指标进行确认。将这些 MACD 买卖信号视为指导方针，而不是规则。</blockquote></p><p> Another limitation of MACD is that it does not work as well at stock market tops or when market volatility is low. Therefore, if you use MACD on the Dow Jones Industrial AverageDJIA,-0.48%or the S&amp;P 500SPX,-0.91%in this current market, the signal is not as useful. That is why you should use MACD on individual stocks until volatility returns to the major market indexes.</p><p><blockquote>MACD 的另一个局限性是，它在股市顶部或市场波动性较低时效果不佳。因此，如果您在当前市场上使用道琼斯工业平均指数 JIA,-0.48% 或标准普尔 500SPX,-0.91% 的 MACD，则该信号就没有那么有用了。这就是为什么你应该在个股上使用MACD，直到波动性回到主要市场指数。</blockquote></p><p> What MACD says about Tesla now</p><p><blockquote>MACD 现在对特斯拉的评价</blockquote></p><p> For example, the weekly stock chart of TeslaTSLA,+0.33%shows its MACD is above the zero line, and the MACD line is above the signal line. Tesla is also above its moving averages.</p><p><blockquote>比如特斯拉TSLA,+0.33%的周线图显示其MACD在零线上方，MACD线在信号线上方。特斯拉也高于其移动平均线。</blockquote></p><p> Based on this information, Tesla stock currently is a short-term “strong” buy.&nbsp;If Tesla’s MACD line drops below its signal line while both lines are above the zero line, the shares would be a “moderate” buy.</p><p><blockquote>根据这一信息，特斯拉股票目前值得短期 “强力 ”买入。如果特斯拉的 MACD 线跌破其信号线，而两条线都高于零线，则该股将是 “适度 ”买入。</blockquote></p><p> A few years ago, I spoke with MACD’s creator, Gerald Appel. He told me that he created MACD in the late 1970s by entering numbers into a punch machine and a spreadsheet. After the personal computer was invented, he was able to automate the process.</p><p><blockquote>几年前，我采访了 MACD 的创始人杰拉尔德-阿佩尔（Gerald Appel）。他告诉我，他在 20 世纪 70 年代末通过将数字输入打孔机和电子表格创建了 MACD。个人电脑发明后，他能够自动化这个过程。</blockquote></p><p> Appel expressed surprise that MACD became so popular. “It works because it’s adaptable to any time frame,” he said. “You can get a good reading of the major trend of the market by using MACD patterns that are based on monthly data. You can also use it on a five-minute chart.”</p><p><blockquote>阿佩尔对 MACD 变得如此受欢迎表示惊讶。“他说：”它之所以有效，是因为它可以适应任何时间框架。“通过使用基于月度数据的 MACD 形态，您可以很好地解读市场的主要趋势。您也可以在五分钟图表上使用它”。</blockquote></p><p> MACD gives the most precise signals at market bottoms. Said Appel: “It’s more accurate at market low points than high points because of the way the market behaves. Market bottoms tend to be very sharp and pronounced, while tops tend to be broad and slow. It’s also possible for the market averages to keep drifting upwards while more and more stocks are falling.”</p><p><blockquote>MACD在市场底部给出最精确的信号。阿佩尔说： “由于市场的行为方式，它在市场低点比在高点更准确。市场底部往往非常尖锐和明显，而顶部往往宽阔而缓慢。在越来越多的股票下跌的情况下，市场平均线也有可能继续向上漂移”。</blockquote></p><p> Appel cautioned that you must confirm MACD signals against other indicators. “No indicator is infallible,” he said. “You might get a market rise and MACD turns down. Perhaps you think this is a sell signal. Well, it might not be.”</p><p><blockquote>Appel 警告说，您必须根据其他指标确认 MACD 信号。“他说：”没有任何指标是万无一失的。“你可能会看到市场上涨，而 MACD 会下跌。也许你认为这是一个卖出信号。但事实并非如此。”</blockquote></p><p> Appel added that he likes to work with different MACD time frames simultaneously. For example, if the short-term MACD turns up along with the intermediate MACD, he’s more confident that the signal is valid.</p><p><blockquote>Appel补充说，他喜欢同时使用不同的MACD时间框架。例如，如果短期 MACD 与中期 MACD 同时出现，他就更有信心该信号是有效的。</blockquote></p><p> <b>The MACD-Histogram</b></p><p><blockquote><b>MACD直方图</b></blockquote></p><p></p><p> One of the most powerful (but often ignored) additions to the MACD is the MACD-Histogram. Developed by Thomas Aspray in 1986, this oscillator is used to gauge momentum. It is a separate program that should be available on your charting package.&nbsp;Traders who use this feature typically view both MACD and the histogram on a stock chart simultaneously.</p><p><blockquote>MACD 最强大（但经常被忽视）的附加功能之一是 MACD 直方图。这种振荡器由托马斯·阿斯普雷于1986年开发，用于测量动量。这是一个单独的程序，应该在你的图表包上提供。使用此功能的交易者通常会同时查看股票图表上的MACD和直方图。</blockquote></p><p> The histogram is a series of bar graphs at the bottom of the stock screen. If the bars move above the zero line, it means the underlying stock (or index) is gaining strength, i.e., momentum. If the bars move below the zero line, the stock or index is losing strength.</p><p><blockquote>直方图是股票屏幕底部的一系列条形图。如果柱状图移动到零线上方，则意味着标的股票（或指数）正在增强，即动量。如果柱状图移动到零线以下，股票或指数就会失去强度。</blockquote></p><p> Many beginning traders don’t realize that momentum always changes before price does. That is what makes MACD and the MACD-Histogram so valuable. Both indicators detect when momentum is weakening. It could also be a signal to become bullish if the histogram bars move above the zero line.</p><p><blockquote>许多新手交易者没有意识到，动量总是先于价格发生变化。这就是 MACD 和 MACD 直方图如此有价值的原因。这两个指标都能检测到势头何时减弱。如果直方图柱状图移动到零线上方，这也可能是一个看涨的信号。</blockquote></p><p> <b>Histogram signals</b></p><p><blockquote><b>直方图信号</b></blockquote></p><p> <ol>  <li>If the MACD-Histogram bar changes to a lighter color, it means that momentum is diminishing. It is not a sell signal; it simply means that enthusiasm for that particular stock is waning.</li> </ol> <ol>  <li>As mentioned earlier, if the histogram bar rises above the zero line, that is a buy signal. An uptrend may be developing. If the histogram bar drops below the zero line, that is a sell signal. A downtrend may be developing.</li> </ol> <b>Red flags</b></p><p><blockquote><ol><li>如果 MACD 直方图柱状图变为浅色，则意味着动量正在减弱。这不是卖出信号；这仅仅意味着对该特定股票的热情正在减弱。</li></ol><ol><li>如前所述，如果直方图柱状图升至零线以上，则为买入信号。上升趋势可能正在形成。如果直方图条跌破零线，则为卖出信号。下降趋势可能正在形成。</li></ol><b>红旗</b></blockquote></p><p> If you see the index prices as well as stock prices move higher, but MACD turns lower, that is a red flag. In addition, if you see the MACD-Histogram changing colors and the bars getting shorter, that confirms momentum is weakening (but confirm this against RSI or stochastics).</p><p><blockquote>如果你看到指数价格和股票价格走高，但MACD走低，这是一个危险信号。此外，如果您看到 MACD 直方图颜色变化且柱状图变短，则证实动量正在减弱（但根据 RSI 或随机指标证实这一点）。</blockquote></p><p> If you have never used MACD or MACD-Histogram, give it a try. Use these measures for any stock that has hit bottom and is on its way higher. They’ll help confirm whether the stock has legs or is a just giving traders a head fake.</p><p><blockquote>如果您从未使用过 MACD 或 MACD 直方图，请尝试一下。对于任何已经触底并正在上涨的股票，请使用这些指标。他们将帮助确认这只股票是有腿的，还是只是给交易者一个假头。</blockquote></p><p> <i>Michael Sincere&nbsp;(michaelsincere.com) is the author of “Understanding Options” and “Understanding Stocks.”</i></p><p><blockquote><i>Michael Sincere (michaelsincere.com) 是《了解期权》和《了解股票》的作者。</i></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>Savvy stock traders use these 2 insider tips to know when to buy and sell<blockquote>精明的股票交易者使用这 2 个内部提示来了解何时买卖</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\">\nSavvy stock traders use these 2 insider tips to know when to buy and sell<blockquote>精明的股票交易者使用这 2 个内部提示来了解何时买卖</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-20 15:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>MACD and the MACD-Histogram can give your trading portfolio a boost.</b>  For many stock traders, four letters can spell the difference between a winning and losing position. MACD (moving average convergence divergence) ranks among the key stock market indicators (along with moving averages and RSI) that traders use consistently in their analysis.</p><p><blockquote><b>MACD 和 MACD 直方图可以提升您的交易组合。</b>对于许多股票交易者来说，四个字母可以拼出盈利和亏损头寸之间的区别。MACD（移动平均线收敛背离）是交易者在分析中始终使用的关键股票市场指标（以及移动平均线和RSI）之一。</blockquote></p><p> Let’s discuss a number of creative ways to use this powerful and versatile gauge.</p><p><blockquote>让我们来讨论一下使用这种强大而多功能的仪表的一些创造性方法。</blockquote></p><p> MACD, introduced in the late 1970s, is a trend-following momentum indicator.&nbsp; It helps to determine when a trend, and its associated momentum (i.e., directional speed and duration) has ended or begun, or might reverse direction.</p><p><blockquote>MACD于20世纪70年代末推出，是一种趋势跟踪动量指标。它有助于确定一个趋势及其相关的动量（即方向速度和持续时间）何时结束或开始，或者可能反转方向。</blockquote></p><p> Be aware that MACD is a “lagging” or “backward-looking” indicator, which means its signals are delayed, but don’t let that deter you. When MACD yields a signal, it is often significant, especially if used on a weekly chart (versus the daily chart favored by short-term traders). In fact, the longer the MACD time frame, the more valid the results, which is one reason longer-term traders like myself prefer to use a weekly chart.</p><p><blockquote>请注意，MACD 是一个 “滞后 ”或 “回顾性 ”指标，这意味着它的信号是延迟的，但不要因此而望而却步。当 MACD 产生信号时，它通常很重要，尤其是在周线图上使用时（相对于短线交易者青睐的日线图）。事实上，MACD时间范围越长，结果就越有效，这也是像我这样的长期交易者更喜欢使用周线图的原因之一。</blockquote></p><p> When you view MACD on a chart, you see two lines. The black line is referred to as the “MACD line.” The gray (or red) line is referred to as the “signal line.” Remember: the MACD line is the leader line, while the signal line is the laggard line.</p><p><blockquote>当你在图表上查看MACD时，你会看到两条线。黑线被称为 “MACD 线”。灰色(或红色)线被称为“信号线”。记住：MACD线是领先线，而信号线是落后线。</blockquote></p><p> In addition, a horizontal line runs across the chart called the “zero line” (0 line).&nbsp; The main function of the zero line is to alert you to the primary trend of the underlying price action.</p><p><blockquote>此外，图表上还有一条水平线，称为 “零线”（0 线）。零线的主要功能是提醒您注意基础价格走势的主要趋势。</blockquote></p><p> <b>Four simple trading signals</b></p><p><blockquote><b>四个简单的交易信号</b></blockquote></p><p> At its most basic level, MACD generates four signals:</p><p><blockquote>在最基本的水平上，MACD 会产生四个信号：</blockquote></p><p> <b>Buy:</b>When the MACD line crosses above the zero line, it’s bullish.</p><p><blockquote><b>购买：</b>当 MACD 线穿过零线上方时，则为看涨。</blockquote></p><p> <b>Buy:</b>When the MACD line crosses above the nine-day signal line, it’s bullish.</p><p><blockquote><b>购买：</b>当 MACD 线穿过九日信号线上方时，则为看涨。</blockquote></p><p> <b>Sell:</b>When the MACD line crosses below the zero line, it’s bearish.</p><p><blockquote><b>出售：</b>当 MACD 线穿过零线下方时，则为看跌。</blockquote></p><p> <b>Sell:</b>When the MACD line crosses below the nine-day signal line, it’s bearish.</p><p><blockquote><b>出售：</b>当 MACD 线穿过九日信号线下方时，则为看跌。</blockquote></p><p> Note: When both the MACD line and nine-day signal line move in the same direction (uptrend or downtrend), that is a stronger, more significant signal.</p><p><blockquote>注意：当MACD线和九日信号线都朝同一方向移动（上升趋势或下降趋势）时，这是一个更强、更重要的信号。</blockquote></p><p> Keep in mind that just because MACD generates a buy or sell signal does not mean it is an actionable trade. Like that of any indicator, there are false signals. In addition, it’s essential that you confirm with other indicators before betting real money on a trade. Think of these MACD buy and sell signals as guidelines, not rules.</p><p><blockquote>请记住，仅仅因为MACD产生买入或卖出信号并不意味着它是一个可操作的交易。像任何指标一样，也有错误信号。此外，在用真金白银进行交易之前，还必须与其他指标进行确认。将这些 MACD 买卖信号视为指导方针，而不是规则。</blockquote></p><p> Another limitation of MACD is that it does not work as well at stock market tops or when market volatility is low. Therefore, if you use MACD on the Dow Jones Industrial AverageDJIA,-0.48%or the S&amp;P 500SPX,-0.91%in this current market, the signal is not as useful. That is why you should use MACD on individual stocks until volatility returns to the major market indexes.</p><p><blockquote>MACD 的另一个局限性是，它在股市顶部或市场波动性较低时效果不佳。因此，如果您在当前市场上使用道琼斯工业平均指数 JIA,-0.48% 或标准普尔 500SPX,-0.91% 的 MACD，则该信号就没有那么有用了。这就是为什么你应该在个股上使用MACD，直到波动性回到主要市场指数。</blockquote></p><p> What MACD says about Tesla now</p><p><blockquote>MACD 现在对特斯拉的评价</blockquote></p><p> For example, the weekly stock chart of TeslaTSLA,+0.33%shows its MACD is above the zero line, and the MACD line is above the signal line. Tesla is also above its moving averages.</p><p><blockquote>比如特斯拉TSLA,+0.33%的周线图显示其MACD在零线上方，MACD线在信号线上方。特斯拉也高于其移动平均线。</blockquote></p><p> Based on this information, Tesla stock currently is a short-term “strong” buy.&nbsp;If Tesla’s MACD line drops below its signal line while both lines are above the zero line, the shares would be a “moderate” buy.</p><p><blockquote>根据这一信息，特斯拉股票目前值得短期 “强力 ”买入。如果特斯拉的 MACD 线跌破其信号线，而两条线都高于零线，则该股将是 “适度 ”买入。</blockquote></p><p> A few years ago, I spoke with MACD’s creator, Gerald Appel. He told me that he created MACD in the late 1970s by entering numbers into a punch machine and a spreadsheet. After the personal computer was invented, he was able to automate the process.</p><p><blockquote>几年前，我采访了 MACD 的创始人杰拉尔德-阿佩尔（Gerald Appel）。他告诉我，他在 20 世纪 70 年代末通过将数字输入打孔机和电子表格创建了 MACD。个人电脑发明后，他能够自动化这个过程。</blockquote></p><p> Appel expressed surprise that MACD became so popular. “It works because it’s adaptable to any time frame,” he said. “You can get a good reading of the major trend of the market by using MACD patterns that are based on monthly data. You can also use it on a five-minute chart.”</p><p><blockquote>阿佩尔对 MACD 变得如此受欢迎表示惊讶。“他说：”它之所以有效，是因为它可以适应任何时间框架。“通过使用基于月度数据的 MACD 形态，您可以很好地解读市场的主要趋势。您也可以在五分钟图表上使用它”。</blockquote></p><p> MACD gives the most precise signals at market bottoms. Said Appel: “It’s more accurate at market low points than high points because of the way the market behaves. Market bottoms tend to be very sharp and pronounced, while tops tend to be broad and slow. It’s also possible for the market averages to keep drifting upwards while more and more stocks are falling.”</p><p><blockquote>MACD在市场底部给出最精确的信号。阿佩尔说： “由于市场的行为方式，它在市场低点比在高点更准确。市场底部往往非常尖锐和明显，而顶部往往宽阔而缓慢。在越来越多的股票下跌的情况下，市场平均线也有可能继续向上漂移”。</blockquote></p><p> Appel cautioned that you must confirm MACD signals against other indicators. “No indicator is infallible,” he said. “You might get a market rise and MACD turns down. Perhaps you think this is a sell signal. Well, it might not be.”</p><p><blockquote>Appel 警告说，您必须根据其他指标确认 MACD 信号。“他说：”没有任何指标是万无一失的。“你可能会看到市场上涨，而 MACD 会下跌。也许你认为这是一个卖出信号。但事实并非如此。”</blockquote></p><p> Appel added that he likes to work with different MACD time frames simultaneously. For example, if the short-term MACD turns up along with the intermediate MACD, he’s more confident that the signal is valid.</p><p><blockquote>Appel补充说，他喜欢同时使用不同的MACD时间框架。例如，如果短期 MACD 与中期 MACD 同时出现，他就更有信心该信号是有效的。</blockquote></p><p> <b>The MACD-Histogram</b></p><p><blockquote><b>MACD直方图</b></blockquote></p><p></p><p> One of the most powerful (but often ignored) additions to the MACD is the MACD-Histogram. Developed by Thomas Aspray in 1986, this oscillator is used to gauge momentum. It is a separate program that should be available on your charting package.&nbsp;Traders who use this feature typically view both MACD and the histogram on a stock chart simultaneously.</p><p><blockquote>MACD 最强大（但经常被忽视）的附加功能之一是 MACD 直方图。这种振荡器由托马斯·阿斯普雷于1986年开发，用于测量动量。这是一个单独的程序，应该在你的图表包上提供。使用此功能的交易者通常会同时查看股票图表上的MACD和直方图。</blockquote></p><p> The histogram is a series of bar graphs at the bottom of the stock screen. If the bars move above the zero line, it means the underlying stock (or index) is gaining strength, i.e., momentum. If the bars move below the zero line, the stock or index is losing strength.</p><p><blockquote>直方图是股票屏幕底部的一系列条形图。如果柱状图移动到零线上方，则意味着标的股票（或指数）正在增强，即动量。如果柱状图移动到零线以下，股票或指数就会失去强度。</blockquote></p><p> Many beginning traders don’t realize that momentum always changes before price does. That is what makes MACD and the MACD-Histogram so valuable. Both indicators detect when momentum is weakening. It could also be a signal to become bullish if the histogram bars move above the zero line.</p><p><blockquote>许多新手交易者没有意识到，动量总是先于价格发生变化。这就是 MACD 和 MACD 直方图如此有价值的原因。这两个指标都能检测到势头何时减弱。如果直方图柱状图移动到零线上方，这也可能是一个看涨的信号。</blockquote></p><p> <b>Histogram signals</b></p><p><blockquote><b>直方图信号</b></blockquote></p><p> <ol>  <li>If the MACD-Histogram bar changes to a lighter color, it means that momentum is diminishing. It is not a sell signal; it simply means that enthusiasm for that particular stock is waning.</li> </ol> <ol>  <li>As mentioned earlier, if the histogram bar rises above the zero line, that is a buy signal. An uptrend may be developing. If the histogram bar drops below the zero line, that is a sell signal. A downtrend may be developing.</li> </ol> <b>Red flags</b></p><p><blockquote><ol><li>如果 MACD 直方图柱状图变为浅色，则意味着动量正在减弱。这不是卖出信号；这仅仅意味着对该特定股票的热情正在减弱。</li></ol><ol><li>如前所述，如果直方图柱状图升至零线以上，则为买入信号。上升趋势可能正在形成。如果直方图条跌破零线，则为卖出信号。下降趋势可能正在形成。</li></ol><b>红旗</b></blockquote></p><p> If you see the index prices as well as stock prices move higher, but MACD turns lower, that is a red flag. In addition, if you see the MACD-Histogram changing colors and the bars getting shorter, that confirms momentum is weakening (but confirm this against RSI or stochastics).</p><p><blockquote>如果你看到指数价格和股票价格走高，但MACD走低，这是一个危险信号。此外，如果您看到 MACD 直方图颜色变化且柱状图变短，则证实动量正在减弱（但根据 RSI 或随机指标证实这一点）。</blockquote></p><p> If you have never used MACD or MACD-Histogram, give it a try. Use these measures for any stock that has hit bottom and is on its way higher. They’ll help confirm whether the stock has legs or is a just giving traders a head fake.</p><p><blockquote>如果您从未使用过 MACD 或 MACD 直方图，请尝试一下。对于任何已经触底并正在上涨的股票，请使用这些指标。他们将帮助确认这只股票是有腿的，还是只是给交易者一个假头。</blockquote></p><p> <i>Michael Sincere&nbsp;(michaelsincere.com) is the author of “Understanding Options” and “Understanding Stocks.”</i></p><p><blockquote><i>Michael Sincere (michaelsincere.com) 是《了解期权》和《了解股票》的作者。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/savvy-stock-traders-use-these-2-insider-tips-to-know-when-to-buy-and-sell-11631314697\">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","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/savvy-stock-traders-use-these-2-insider-tips-to-know-when-to-buy-and-sell-11631314697","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109188181","content_text":"MACD and the MACD-Histogram can give your trading portfolio a boost.\n\nFor many stock traders, four letters can spell the difference between a winning and losing position. MACD (moving average convergence divergence) ranks among the key stock market indicators (along with moving averages and RSI) that traders use consistently in their analysis.\nLet’s discuss a number of creative ways to use this powerful and versatile gauge.\nMACD, introduced in the late 1970s, is a trend-following momentum indicator.  It helps to determine when a trend, and its associated momentum (i.e., directional speed and duration) has ended or begun, or might reverse direction.\nBe aware that MACD is a “lagging” or “backward-looking” indicator, which means its signals are delayed, but don’t let that deter you. When MACD yields a signal, it is often significant, especially if used on a weekly chart (versus the daily chart favored by short-term traders). In fact, the longer the MACD time frame, the more valid the results, which is one reason longer-term traders like myself prefer to use a weekly chart.\nWhen you view MACD on a chart, you see two lines. The black line is referred to as the “MACD line.” The gray (or red) line is referred to as the “signal line.” Remember: the MACD line is the leader line, while the signal line is the laggard line.\nIn addition, a horizontal line runs across the chart called the “zero line” (0 line).  The main function of the zero line is to alert you to the primary trend of the underlying price action.\nFour simple trading signals\nAt its most basic level, MACD generates four signals:\nBuy:When the MACD line crosses above the zero line, it’s bullish.\nBuy:When the MACD line crosses above the nine-day signal line, it’s bullish.\nSell:When the MACD line crosses below the zero line, it’s bearish.\nSell:When the MACD line crosses below the nine-day signal line, it’s bearish.\nNote: When both the MACD line and nine-day signal line move in the same direction (uptrend or downtrend), that is a stronger, more significant signal.\nKeep in mind that just because MACD generates a buy or sell signal does not mean it is an actionable trade. Like that of any indicator, there are false signals. In addition, it’s essential that you confirm with other indicators before betting real money on a trade. Think of these MACD buy and sell signals as guidelines, not rules.\nAnother limitation of MACD is that it does not work as well at stock market tops or when market volatility is low. Therefore, if you use MACD on the Dow Jones Industrial AverageDJIA,-0.48%or the S&P 500SPX,-0.91%in this current market, the signal is not as useful. That is why you should use MACD on individual stocks until volatility returns to the major market indexes.\nWhat MACD says about Tesla now\nFor example, the weekly stock chart of TeslaTSLA,+0.33%shows its MACD is above the zero line, and the MACD line is above the signal line. Tesla is also above its moving averages.\nBased on this information, Tesla stock currently is a short-term “strong” buy. If Tesla’s MACD line drops below its signal line while both lines are above the zero line, the shares would be a “moderate” buy.\nA few years ago, I spoke with MACD’s creator, Gerald Appel. He told me that he created MACD in the late 1970s by entering numbers into a punch machine and a spreadsheet. After the personal computer was invented, he was able to automate the process.\nAppel expressed surprise that MACD became so popular. “It works because it’s adaptable to any time frame,” he said. “You can get a good reading of the major trend of the market by using MACD patterns that are based on monthly data. You can also use it on a five-minute chart.”\nMACD gives the most precise signals at market bottoms. Said Appel: “It’s more accurate at market low points than high points because of the way the market behaves. Market bottoms tend to be very sharp and pronounced, while tops tend to be broad and slow. It’s also possible for the market averages to keep drifting upwards while more and more stocks are falling.”\nAppel cautioned that you must confirm MACD signals against other indicators. “No indicator is infallible,” he said. “You might get a market rise and MACD turns down. Perhaps you think this is a sell signal. Well, it might not be.”\nAppel added that he likes to work with different MACD time frames simultaneously. For example, if the short-term MACD turns up along with the intermediate MACD, he’s more confident that the signal is valid.\nThe MACD-Histogram\nOne of the most powerful (but often ignored) additions to the MACD is the MACD-Histogram. Developed by Thomas Aspray in 1986, this oscillator is used to gauge momentum. It is a separate program that should be available on your charting package. Traders who use this feature typically view both MACD and the histogram on a stock chart simultaneously.\nThe histogram is a series of bar graphs at the bottom of the stock screen. If the bars move above the zero line, it means the underlying stock (or index) is gaining strength, i.e., momentum. If the bars move below the zero line, the stock or index is losing strength.\nMany beginning traders don’t realize that momentum always changes before price does. That is what makes MACD and the MACD-Histogram so valuable. Both indicators detect when momentum is weakening. It could also be a signal to become bullish if the histogram bars move above the zero line.\nHistogram signals\n\nIf the MACD-Histogram bar changes to a lighter color, it means that momentum is diminishing. It is not a sell signal; it simply means that enthusiasm for that particular stock is waning.\n\n\nAs mentioned earlier, if the histogram bar rises above the zero line, that is a buy signal. An uptrend may be developing. If the histogram bar drops below the zero line, that is a sell signal. A downtrend may be developing.\n\nRed flags\nIf you see the index prices as well as stock prices move higher, but MACD turns lower, that is a red flag. In addition, if you see the MACD-Histogram changing colors and the bars getting shorter, that confirms momentum is weakening (but confirm this against RSI or stochastics).\nIf you have never used MACD or MACD-Histogram, give it a try. Use these measures for any stock that has hit bottom and is on its way higher. They’ll help confirm whether the stock has legs or is a just giving traders a head fake.\nMichael Sincere (michaelsincere.com) is the author of “Understanding Options” and “Understanding Stocks.”","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882579452,"gmtCreate":1631712229576,"gmtModify":1631888405471,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/882579452","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://www.laohunote.com/m/news/1148341685?lang=zh_CN&edition=full","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p><p><blockquote>纽约（路透社） - 尽管有通胀放缓的迹象，但经济不确定性和企业税率上调的可能性不断增加抑制了投资者情绪，并引发了广泛的抛售，华尔街周二下跌。</blockquote></p><p> Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p><p><blockquote>乐观情绪在整个交易日逐渐消退，扭转了劳工部发布消费者价格指数报告后最初的反弹势头。美国三大股指均以负值收盘，这提醒人们，9 月份是股市历史上最艰难的一个月。</blockquote></p><p> So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p><p><blockquote>本月到目前为止，标普500下跌了近1.8%，尽管基准指数自年初以来已上涨超过18%。</blockquote></p><p> “There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p><p><blockquote>“纽约 CFRA Research 首席投资策略师 Sam Stovall 说：”市场有可能只是准备好经历一场迟来的调整。“从季节性来看，9月份往往是基金经理的窗口期。”</blockquote></p><p> The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p><p><blockquote>高度传染性的Delta COVID变种的出现推动了对全球健康危机复苏的看跌情绪的增加，许多人现在预计股市将在今年年底前大幅调整。</blockquote></p><p> “We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 的投资组合经理保罗-诺尔特（Paul Nolte）说：”我们仍处于人们几个月来一直呼吁的纠正模式。“经济数据点一直低于预期，而这恰逢德尔塔变异毒株的上升”。</blockquote></p><p> The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p><p><blockquote>CPI报告公布的8月份数据低于共识，这一放缓支持了美联储主席杰罗姆-鲍威尔（Jerome Powell）的断言，即通胀飙升是暂时的，并平息了市场对央行将比预期更早开始收紧货币政策的担忧。</blockquote></p><p> U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p><p><blockquote>数据显示，美国国债收益率下降，给金融股带来压力，投资者的青睐以牺牲价值为代价重新转向增长。[美国/]</blockquote></p><p> The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p><p><blockquote>随着美国总统乔-拜登（Joe Biden）的 3.5 万亿美元预算方案逐渐接近通过，人们期待已久的企业税上调幅度将从 21% 提高到 26.5%。</blockquote></p><p> The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p><p><blockquote>道琼斯工业平均指数下跌292.06点，跌幅0.84%，报34,577.57点；标普500下跌25.68点，跌幅0.57%，报4,443.05点；纳斯达克综合指数下跌 67.82 点，跌幅 0.45%，至 15,037.76 点。</blockquote></p><p> All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p><p><blockquote>标普500 11个主要板块全部收红，其中能源和金融板块跌幅最大。</blockquote></p><p> Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p><p><blockquote>苹果公司在今年最大的产品发布会上推出了 iPhone 13，并为其 iPad 和苹果手表设备添加了新功能，因为该公司面临着法院对其商业行为日益严格的审查。其股价收盘下跌 1.0%，是标普500和纳斯达克最大的拖累。</blockquote></p><p> Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p><p><blockquote>Intuit Inc 上涨了 1.9%，此前这家涡轮税制造商宣布将以 120 亿美元收购数字营销公司 Mailchimp。</blockquote></p><p> CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p><p><blockquote>德国生物技术公司 CureVac 取消其实验性 COVID-19 疫苗的生产交易后，股价下跌 8.0%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 2.25 比 1；在纳斯达克，2.40 比 1 的比率有利于下跌者。</blockquote></p><p> The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p><p><blockquote>标普500创下两个52周新高和两个新低；纳斯达克综合指数创下50个新高和107个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 100.7 亿股，而过去 20 个交易日的平均成交量为 93.8 亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-15 07:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p><p><blockquote>纽约（路透社） - 尽管有通胀放缓的迹象，但经济不确定性和企业税率上调的可能性不断增加抑制了投资者情绪，并引发了广泛的抛售，华尔街周二下跌。</blockquote></p><p> Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p><p><blockquote>乐观情绪在整个交易日逐渐消退，扭转了劳工部发布消费者价格指数报告后最初的反弹势头。美国三大股指均以负值收盘，这提醒人们，9 月份是股市历史上最艰难的一个月。</blockquote></p><p> So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p><p><blockquote>本月到目前为止，标普500下跌了近1.8%，尽管基准指数自年初以来已上涨超过18%。</blockquote></p><p> “There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p><p><blockquote>“纽约 CFRA Research 首席投资策略师 Sam Stovall 说：”市场有可能只是准备好经历一场迟来的调整。“从季节性来看，9月份往往是基金经理的窗口期。”</blockquote></p><p> The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p><p><blockquote>高度传染性的Delta COVID变种的出现推动了对全球健康危机复苏的看跌情绪的增加，许多人现在预计股市将在今年年底前大幅调整。</blockquote></p><p> “We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 的投资组合经理保罗-诺尔特（Paul Nolte）说：”我们仍处于人们几个月来一直呼吁的纠正模式。“经济数据点一直低于预期，而这恰逢德尔塔变异毒株的上升”。</blockquote></p><p> The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p><p><blockquote>CPI报告公布的8月份数据低于共识，这一放缓支持了美联储主席杰罗姆-鲍威尔（Jerome Powell）的断言，即通胀飙升是暂时的，并平息了市场对央行将比预期更早开始收紧货币政策的担忧。</blockquote></p><p> U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p><p><blockquote>数据显示，美国国债收益率下降，给金融股带来压力，投资者的青睐以牺牲价值为代价重新转向增长。[美国/]</blockquote></p><p> The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p><p><blockquote>随着美国总统乔-拜登（Joe Biden）的 3.5 万亿美元预算方案逐渐接近通过，人们期待已久的企业税上调幅度将从 21% 提高到 26.5%。</blockquote></p><p> The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p><p><blockquote>道琼斯工业平均指数下跌292.06点，跌幅0.84%，报34,577.57点；标普500下跌25.68点，跌幅0.57%，报4,443.05点；纳斯达克综合指数下跌 67.82 点，跌幅 0.45%，至 15,037.76 点。</blockquote></p><p> All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p><p><blockquote>标普500 11个主要板块全部收红，其中能源和金融板块跌幅最大。</blockquote></p><p> Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p><p><blockquote>苹果公司在今年最大的产品发布会上推出了 iPhone 13，并为其 iPad 和苹果手表设备添加了新功能，因为该公司面临着法院对其商业行为日益严格的审查。其股价收盘下跌 1.0%，是标普500和纳斯达克最大的拖累。</blockquote></p><p> Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p><p><blockquote>Intuit Inc 上涨了 1.9%，此前这家涡轮税制造商宣布将以 120 亿美元收购数字营销公司 Mailchimp。</blockquote></p><p> CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p><p><blockquote>德国生物技术公司 CureVac 取消其实验性 COVID-19 疫苗的生产交易后，股价下跌 8.0%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 2.25 比 1；在纳斯达克，2.40 比 1 的比率有利于下跌者。</blockquote></p><p> The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p><p><blockquote>标普500创下两个52周新高和两个新低；纳斯达克综合指数创下50个新高和107个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 100.7 亿股，而过去 20 个交易日的平均成交量为 93.8 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Reuters</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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893926891,"gmtCreate":1628231199413,"gmtModify":1633752379823,"author":{"id":"3574813964437135","authorId":"3574813964437135","name":"June_C","avatar":"https://static.tigerbbs.com/ae77017e1795eeceab087663e5586137","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574813964437135","idStr":"3574813964437135"},"themes":[],"title":"","htmlText":"Cheap cheap&nbsp;","listText":"Cheap cheap&nbsp;","text":"Cheap cheap","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893926891","repostId":"1186497731","repostType":4,"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}