Ashaliphant的个人主页 - 老虎社区

Ashaliphant

Ashaliphant

暂无个人介绍

IP属地：未知

6关注

3粉丝

0主题

0勋章

2021-06-07

Like and comment [Grin]

抱歉，原内容已删除

2021-03-25

Buyyy

Apple Failure Modes<blockquote>苹果失效模式</blockquote>

2021-03-17

[财迷]

抱歉，原内容已删除

2021-06-02

Comment pls!

抱歉，原内容已删除

2021-06-01

Like and comment [Cool]

Here Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家IPO</blockquote>

2021-05-11

Hmmmm

10 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote>

2021-04-11

Hmm

抱歉，原内容已删除

2021-03-30

Oooooo

Apple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote>

2021-03-29

[惊讶]

抱歉，原内容已删除

2021-03-20

Woah

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3578039715565156","uuid":"3578039715565156","gmtCreate":1614945918719,"gmtModify":1615515360892,"name":"Ashaliphant","pinyin":"ashaliphant","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":3,"headSize":6,"tweetSize":24,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":898766609,"gmtCreate":1628522700601,"gmtModify":1631889272895,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898766609","repostId":"1141877175","repostType":4,"isVote":1,"tweetType":1,"viewCount":2174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183057145,"gmtCreate":1623296211587,"gmtModify":1631889272905,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183057145","repostId":"1143747111","repostType":4,"repost":{"id":"1143747111","kind":"news","pubTimestamp":1623293378,"share":"https://www.laohu8.com/m/news/1143747111?lang=zh_CN&edition=full","pubTime":"2021-06-10 10:49","market":"us","language":"en","title":"3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间最值得买入的3只科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143747111","media":"fool","summary":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending dec","content":"<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个压力很大的时期。一些人失业，预算收紧，支出减少，市场变得不稳定，投资者感到紧张，因为他们看到自己的一部分投资组合显然开始蒸发。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低股价的机会，可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够度过需求疲软和高失业率时期的强大公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道经济衰退何时会到来，但我们确实知道上个世纪已经发生了18次经济衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强大的公司，我会在下一次经济衰退期间购买它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1.微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>（纳斯达克股票代码：MSFT）的软件被消费者和企业广泛使用。运行Windows 10的活跃设备超过10亿台，该公司报告称，去年Office 365的使用量比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，Microsoft Azures正在成为强大的第二名竞争对手<b>亚马逊</b>（纳斯达克：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有成熟的品牌和客户群，该公司也不能幸免于经济衰退造成的需求下降。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，疫情期间云服务和基础设施支出持续增加，首席执行官Satya Nadella认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在2021财年第三季度财报中表示：“疫情爆发一年多来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到2030年，将有500亿台新设备上线，这可能会转化为Azure收入的巨大增长，更不用说对Word和Excel等微软流行软件工具的需求了，该公司将这些工具作为订阅服务与微软365捆绑在一起。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。截至最近一个季度末，该公司的净现金头寸为730亿美元，过去四个季度产生了540亿美元的自由现金流。由于资产负债表上有这么多现金，而且每年都有更多现金流入，微软可能能够继续即使在充满挑战的商业环境下也增加股息支付。该股目前支付的股息收益率为0.87%，相对于自由现金流的现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会使微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2.亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了通过Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年，收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，并非所有经济衰退对这家电子商务巨头来说都是如此。亚马逊销售许多消费电子产品和其他人们在长期经济衰退期间可能不会购买的非必需品。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多顾客可能会坚持使用Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过Prime拥有超过2亿忠实顾客，该公司看到Prime参与度持续上升，为消费者提供了更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流来继续投资未来。在过去的四个季度中，亚马逊产生了264亿美元的自由现金流。其大部分营业利润来自云服务，亚马逊网络服务在过去12个月中占总收入的11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但在这个节骨眼上这是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队以满足不断增长的需求的巨大机会。当下一次市场调整来袭时，这是一只值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>AAPL数据来自YCHARTS</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3.苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务收入来源也在不断增长，并且它产生了大量现金来继续向股东支付定期股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然iPhone收入在2020财年（截至9月）下降了3.3%，但苹果的Mac、iPad和可穿戴设备的销量在疫情期间以健康的速度增长。自iPhone 12秋季推出以来，截至3月份的季度，苹果的收入同比增长已加速至53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果的活跃设备安装基数继续创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售，这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息收益率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了50%，但远期市盈率与大盘大致一致，为预期市盈率的24倍。在这个估值水平下，短期内可能会有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者的预期。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在4月下旬的财报看涨期权上，苹果首席执行官Tim Cook指出，5G渗透率“目前仍然很低”，公司面前仍有很多升级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的AAPL市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以相信苹果的业务不会缺乏资金来继续开发新产品，最重要的是，让员工愉快地享受工资。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季结束时账面净现金为870亿美元。虽然管理层正在努力在资产负债表上实现现金中性，但苹果每年都会继续增加资金，追踪自由现金流超过900亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的押注。微软、亚马逊和苹果绝对具备这些特征。这些公司是占主导地位的行业领导者，应该在未来几年回报投资者。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间最值得买入的3只科技股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Tech Stocks to Buy During a Recession<blockquote>经济衰退期间最值得买入的3只科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-10 10:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.</p><p><blockquote>经济衰退可能是一个压力很大的时期。一些人失业，预算收紧，支出减少，市场变得不稳定，投资者感到紧张，因为他们看到自己的一部分投资组合显然开始蒸发。</blockquote></p><p> Some investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time to<i>buy</i>stock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.</p><p><blockquote>一些投资者惊慌失措，犯了在经济衰退期间出售股票并锁定损失的错误。但其他人知道经济衰退是一个<i>购买</i>股票，因为它们提供了较低股价的机会，可以为经济复苏后的巨额回报奠定基础。成功执行最后一项行动的关键是专注于购买能够度过需求疲软和高失业率时期的强大公司的股票。</blockquote></p><p> No one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.</p><p><blockquote>没有人知道经济衰退何时会到来，但我们确实知道上个世纪已经发生了18次经济衰退，所以它很可能会再次发生。明智的投资者会尽一切努力为这种可能性做好准备。</blockquote></p><p> Here are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.</p><p><blockquote>这里有三只相对安全的科技股，它们代表了强大的公司，我会在下一次经济衰退期间购买它们。</blockquote></p><p> 1. Microsoft</p><p><blockquote>1.微软</blockquote></p><p> <b>Microsoft</b>'s(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor to<b>Amazon</b>(NASDAQ:AMZN)in the cloud services market.</p><p><blockquote><b>微软</b>（纳斯达克股票代码：MSFT）的软件被消费者和企业广泛使用。运行Windows 10的活跃设备超过10亿台，该公司报告称，去年Office 365的使用量比以往任何时候都高。微软也是帮助组织转向数字技术的领导者，Microsoft Azures正在成为强大的第二名竞争对手<b>亚马逊</b>（纳斯达克：AMZN）在云服务市场。</blockquote></p><p> Even with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.</p><p><blockquote>即使微软拥有成熟的品牌和客户群，该公司也不能幸免于经济衰退造成的需求下降。例如，在经济疲软期间，技术支出可能会下降，给微软的收入增长带来压力。但值得注意的是，随着微软受益于远程工作趋势，疫情期间云服务和基础设施支出持续增加，首席执行官Satya Nadella认为，对数字服务不断增长的需求才刚刚开始。</blockquote></p><p> \"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.</p><p><blockquote>纳德拉在2021财年第三季度财报中表示：“疫情爆发一年多来，数字采用曲线并没有放缓。它们正在加速，而这仅仅是个开始。”</blockquote></p><p> Microsoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.</p><p><blockquote>微软估计，到2030年，将有500亿台新设备上线，这可能会转化为Azure收入的巨大增长，更不用说对Word和Excel等微软流行软件工具的需求了，该公司将这些工具作为订阅服务与微软365捆绑在一起。</blockquote></p><p> Microsoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters.&nbsp;With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.</p><p><blockquote>微软是一个金融堡垒。截至最近一个季度末，该公司的净现金头寸为730亿美元，过去四个季度产生了540亿美元的自由现金流。由于资产负债表上有这么多现金，而且每年都有更多现金流入，微软可能能够继续即使在充满挑战的商业环境下也增加股息支付。该股目前支付的股息收益率为0.87%，相对于自由现金流的现金支付率为30%。</blockquote></p><p> The secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.</p><p><blockquote>数字企业软件服务的长期需求趋势应该会使微软保持长期增长，其坚如磐石的财务状况应该会在市场再次调整时为股价提供缓冲。</blockquote></p><p> 2. Amazon</p><p><blockquote>2.亚马逊</blockquote></p><p> Amazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.</p><p><blockquote>亚马逊通过其杂货业务（亚马逊生鲜和全食）提供基本服务。它也是云服务领域的领导者，拥有亚马逊网络服务业务。但是为消费者服务仍然是它的面包和黄油。一年一度的Prime Day（通常在夏季举行）已经变得和黑色星期五一样重要，该活动为亚马逊提供了通过Prime会员计划接触新客户的机会。</blockquote></p><p> Amazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.</p><p><blockquote>亚马逊去年创造了4190亿美元的收入，对于一家大型企业来说，它继续快速增长。过去三年，收入翻了一番，疫情期间增长加速。</blockquote></p><p> Still, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.</p><p><blockquote>尽管如此，并非所有经济衰退对这家电子商务巨头来说都是如此。亚马逊销售许多消费电子产品和其他人们在长期经济衰退期间可能不会购买的非必需品。</blockquote></p><p> On the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.</p><p><blockquote>另一方面，许多顾客可能会坚持使用Prime会员资格来享受电影、音乐和免费杂货配送。亚马逊现在通过Prime拥有超过2亿忠实顾客，该公司看到Prime参与度持续上升，为消费者提供了更具粘性的服务生态系统。</blockquote></p><p> Like Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow.&nbsp;Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.</p><p><blockquote>与微软一样，无论经济状况如何，亚马逊都会产生大量自由现金流来继续投资未来。在过去的四个季度中，亚马逊产生了264亿美元的自由现金流。其大部分营业利润来自云服务，亚马逊网络服务在过去12个月中占总收入的11.6%。</blockquote></p><p></p><p> While Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.</p><p><blockquote>虽然亚马逊不支付股息，但在这个节骨眼上这是一件好事，因为这意味着管理层仍然看到了投资建设更多履行仓库和自己的运输车队以满足不断增长的需求的巨大机会。当下一次市场调整来袭时，这是一只值得考虑购买的顶级成长型股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc76a43a51b8c48de3337ad1dea22962\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>AAPL数据来自YCHARTS</span></p></blockquote></p><p> 3. Apple</p><p><blockquote>3.苹果</blockquote></p><p> <b>Apple</b>(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.</p><p><blockquote><b>苹果</b>（纳斯达克：AAPL）是世界上最具标志性的消费品牌之一。当然，如果人们没有钱花，其昂贵的铝包设备的销售可能会受到影响，但该公司的订阅服务收入来源也在不断增长，并且它产生了大量现金来继续向股东支付定期股息。</blockquote></p><p> While iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.</p><p><blockquote>虽然iPhone收入在2020财年（截至9月）下降了3.3%，但苹果的Mac、iPad和可穿戴设备的销量在疫情期间以健康的速度增长。自iPhone 12秋季推出以来，截至3月份的季度，苹果的收入同比增长已加速至53%。</blockquote></p><p> Most importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products&nbsp;-- a great sign of Apple's brand strength in the marketplace.</p><p><blockquote>最重要的是，苹果的活跃设备安装基数继续创下新纪录。采用苹果新M1芯片的新款Mac和iPad Pro重振了这些产品的销售，这是苹果在市场上品牌实力的一个很好的标志。</blockquote></p><p> The stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.</p><p><blockquote>该股目前支付的股息收益率为0.67%，当前现金支付率为追踪自由现金流的15.7%。虽然股价比去年上涨了50%，但远期市盈率与大盘大致一致，为预期市盈率的24倍。在这个估值水平下，短期内可能会有更大的上涨空间，特别是如果iPhone升级周期仍然强于投资者的预期。</blockquote></p><p> During the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.</p><p><blockquote>在4月下旬的财报看涨期权上，苹果首席执行官Tim Cook指出，5G渗透率“目前仍然很低”，公司面前仍有很多升级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e5874f0d32193fcda101a46ff8ad430\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPL PE RATIO (FORWARD)DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的AAPL市盈率（远期）数据</span></p></blockquote></p><p> In the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.</p><p><blockquote>如果再次出现经济衰退，投资者可以相信苹果的业务不会缺乏资金来继续开发新产品，最重要的是，让员工愉快地享受工资。</blockquote></p><p> Apple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet,&nbsp;Apple continues to gush more every year, with trailing free cash flow topping $90 billion.</p><p><blockquote>苹果第二财季结束时账面净现金为870亿美元。虽然管理层正在努力在资产负债表上实现现金中性，但苹果每年都会继续增加资金，追踪自由现金流超过900亿美元。</blockquote></p><p> The key takeaway</p><p><blockquote>关键要点</blockquote></p><p> Shares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.</p><p><blockquote>在经济衰退期间，产生大量自由现金流的领先科技股将是相对安全的押注。微软、亚马逊和苹果绝对具备这些特征。这些公司是占主导地位的行业领导者，应该在未来几年回报投资者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/06/09/3-top-tech-stocks-to-buy-during-a-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143747111","content_text":"Arecessioncan be a very stressful period. Some people lose their jobs, budgets tighten, spending decreases, markets get volatile, and investors get nervous as they see a portion of their portfolios apparently begin to evaporate.\nSome investors panic and make the mistake of selling their stocks during a recession and lock in losses. But others know that recessions are a time tobuystock as they offer access to lower stock prices that can lay the foundation for tremendous returns once the economy recovers. The key to executing that last action successfully is to focus on buying stock in strong companies that can survive periods of soft demand and high unemployment.\nNo one knows when a recession will hit, but we do know there have been 18 recessions over the last century, so it's likely to happen again. The wise investor will do what it takes to be prepared for this eventuality.\nHere are three relatively safe tech stocks that represent strong companies and I would buy them during the next recession.\n1. Microsoft\nMicrosoft's(NASDAQ:MSFT)software is widely used by both consumers and businesses. There are more than 1 billion active devices that run on Windows 10, and the company reported that Office 365 usage was higher than ever last year. Microsoft is also a leader in helping organizations shift to digital technologies, whereMicrosoft Azureis emerging as a strong second-place competitor toAmazon(NASDAQ:AMZN)in the cloud services market.\nEven with Microsoft's established brand and customer base, the company is not immune to dips in demand caused by recessions. For example, spending on technology could decline during a weak economy, pressuring Microsoft's revenue growth. But it's worth noting that spending on cloud services and infrastructure continued to increase during the pandemic as Microsoft benefited from the remote work trend, and CEO Satya Nadella believes the growing demand for digital services is just getting started.\n\"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning,\" Nadella stated in the fiscal Q3 2021 earnings report.\nMicrosoft estimates that 50 billion new devices will come online by 2030, and that could translate to tremendous growth in revenue for Azure -- not to mention demand for Microsoft's popular software tools like Word and Excel, which the company bundles as a subscription service with Microsoft 365.\nMicrosoft is a financial fortress. It ended the most recent quarter with a net cash position of $73 billion, and it generated $54 billion infree cash flowover the last four quarters. With that much cash sitting on the balance sheet and more coming in every year, Microsoft would likely be able to continue increasing its dividend payout even during challenging business conditions. The stock currently pays adividend yieldof 0.87%, representing a cash payout ratio of 30% relative to free cash flow.\nThe secular demand trend for digital enterprise software services should keep Microsoft growing over the long term, and its rock-solid financial position should provide a cushion to the stock price in the event of anothermarket correction.\n2. Amazon\nAmazon provides essential services through its grocery businesses (Amazon Fresh and Whole Foods). It's also the leader in cloud services with its Amazon Web Services business. But serving the consumer is still its bread and butter. The annualPrime Day(usually held in the summer months) has become just as big as Black Friday, and the event provides Amazon an opportunity to reach new customers with its Prime membership program.\nAmazon generated $419 billion in revenue over the last year, and it continues to grow very fast for a large business. Revenue has doubled over the last three years, with growth accelerating during the pandemic.\nStill, not all recessions may turn out as well for the e-commerce giant. Amazon sells a lot of consumer electronics and other nonessential items that people may not purchase during a prolonged recession.\nOn the other hand, many customers would likely stick with their Prime memberships to enjoy movies, music, and free grocery delivery. Amazon now has more than 200 million loyal patrons through Prime, and the company is seeing Prime engagement continue to rise, providing a stickier ecosystem of services for consumers.\nLike Microsoft, Amazon generates a substantial amount of free cash flow to continue investing in the future no matter what the economy is doing. Over the last four quarters, Amazon generated $26.4 billion in free cash flow. Most of its operating profit comes from cloud services, where Amazon Web Services made up 11.6% of total revenue on a trailing-12-month basis.\nWhile Amazon doesn't pay a dividend, that's sort of a good thing at this juncture, because it means management is still seeing tremendous opportunities to invest in building more fulfillment warehouses and its own transportation fleet to meet growing demand. This is a top growth stock to consider buying when the next market correction strikes.\nAAPLDATA BY YCHARTS\n3. Apple\nApple(NASDAQ:AAPL)is one of the most iconic consumer brands in the world. Sure, sales of its pricey aluminum-clad devices would likely suffer if people didn't have money to spend, but the company also has a growing revenue stream from subscription services, and it generates plenty of cash to continue paying a regular dividend to shareholders.\nWhile iPhone revenue dropped 3.3% in fiscal 2020 (which ended in September), Apple saw sales of its Macs, iPads, and wearables grow at healthy rates during the pandemic. And since the iPhone 12 launched in the fall, Apple's revenue growth has accelerated to 53% year over year in the quarter that ended in March.\nMost importantly, Apple's installed base of active devices continues to hit new records. The new Macs and iPad Pros featuringApple's new M1 chip have rejuvenated salesof these products -- a great sign of Apple's brand strength in the marketplace.\nThe stock currently pays a dividend yield of 0.67%, with a current cash payout ratio of 15.7% of trailing free cash flow. While shares are up 50% over the last year, the forwardprice-to-earnings ratiois roughly in line with that of the broader market at 24 times expected earnings. At this valuation level, there might be more room for upside in the near term, especially if the iPhone upgrade cycle remains stronger than investors expect.\nDuring the earnings call in late April, Apple CEO Tim Cook noted that 5G penetration is \"still low at this point,\" with a lot of upgrades still in front of the company.\nAAPL PE RATIO (FORWARD)DATA BY YCHARTS\nIn the event of another recession, investors can feel confident that Apple's business won't be starving for funds to keep cranking out new products -- and most importantly, keeping its employees happily on the payroll.\nApple ended the fiscal second quarter with net cash of $87 billion on the books. While management is working toward a cash-neutral position on its balance sheet, Apple continues to gush more every year, with trailing free cash flow topping $90 billion.\nThe key takeaway\nShares ofleading tech stocksthat generate substantial amounts of free cash flow will be relatively safe bets during a recession. Microsoft, Amazon, and Apple possess these traits in spades. These companies are dominant sector leaders that should reward investors for years to come.","news_type":1,"symbols_score_info":{"AAPL":0.9,"AMZN":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114272379,"gmtCreate":1623077702791,"gmtModify":1631889272919,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Like and comment [Grin]&nbsp;","listText":"Like and comment [Grin]&nbsp;","text":"Like and comment [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/114272379","repostId":"1126396501","repostType":4,"isVote":1,"tweetType":1,"viewCount":2213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115688576,"gmtCreate":1622986264195,"gmtModify":1631889272931,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Ooooooo","listText":"Ooooooo","text":"Ooooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115688576","repostId":"1165368747","repostType":4,"isVote":1,"tweetType":1,"viewCount":1453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111796936,"gmtCreate":1622697433625,"gmtModify":1631889272943,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Nah ah","listText":"Nah ah","text":"Nah ah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111796936","repostId":"1115876867","repostType":4,"isVote":1,"tweetType":1,"viewCount":2143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113365469,"gmtCreate":1622594887551,"gmtModify":1631889272957,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Comment pls!","listText":"Comment pls!","text":"Comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113365469","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":1986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119999410,"gmtCreate":1622511637530,"gmtModify":1631889272966,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Like and comment [Cool]&nbsp;","listText":"Like and comment [Cool]&nbsp;","text":"Like and comment [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/119999410","repostId":"1105273964","repostType":4,"repost":{"id":"1105273964","kind":"news","pubTimestamp":1622511256,"share":"https://www.laohu8.com/m/news/1105273964?lang=zh_CN&edition=full","pubTime":"2021-06-01 09:34","market":"hk","language":"en","title":"Here Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105273964","media":"Barron's","summary":"The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.That left us with 11 names. First up:CureVac, which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its ","content":"<p>The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.</p><p><blockquote>首次公开募股市场最近为那些能够在公司上市前获得股票的投资者带来了一些巨大的首日收益。</blockquote></p><p>But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.<i>Barron’s</i>looked at businesses that have gone public in the past 12 months to find some strong performers.</p><p><blockquote>但并不是每个人都能得到这些类型的机会。大多数散户投资者必须等到公司开始公开交易才能购买股票。<i>巴伦周刊</i>研究了过去12个月内上市的企业，发现了一些表现强劲的企业。</blockquote></p><p>First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..</p><p><blockquote>首先，我们搜索通过传统首次公开募股上市的公司：这意味着我们过滤掉了与特殊目的收购公司（SPAC）合并的企业。然后，我们搜索了在纽约证券交易所或纳斯达克上市的公司。我们还关注市值至少为10亿美元的实体。我们将搜索范围缩小到股票发行价总回报最高的公司。</blockquote></p><p>That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .</p><p><blockquote>我们只剩下11个名字了。首先是CureVac（股票代码：CVAC），这是银幕上表现最好的IPO，总回报率为596.75%。CureVac专注于信使RNA或mRNA技术，该技术是几个领先的新冠肺炎疫苗项目的基础。这家德国生物技术公司于8月份以每股16美元的价格上市，首日飙升249%，收于55.90美元。一月份，CureVac与Bayerto达成协议，加速其Covid-19候选疫苗的开发和供应。该公司基于mRNA的新冠疫苗目前正在进行临床试验，预计今年夏天将获得2b/3期数据。自首次公开募股以来，该股几乎翻了一番，周五收于111.48美元。</blockquote></p><p>Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.</p><p><blockquote>强劲的表现不一定取决于第一天交易的成功。上榜的公司中有四家交易失败，这意味着它们的股价在交易首日就跌破了IPO价格。</blockquote></p><p>Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.</p><p><blockquote>典型的例子：以星综合航运(ZIM)。这家轻资产航运公司于1月份上市，发行价为15美元，但当天收盘价为11.50美元。然而，到5月19日，以星公布第一季度盈利5.896亿美元（即每股5.35美元）后，其股价已上涨295%。该公司还宣布派发每股2美元的特别现金股息。FactSet的数据显示，以星是过去12个月中表现第二好的IPO，总回报率为209.33%。周五收于46.40美元。</blockquote></p><p>Another example isAcademy Sports &amp; Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading<b>.</b>Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.</p><p><blockquote>另一个例子是Academy Sports&amp;Outdoors(ASO)：该公司于10月份上市，发行价为13美元，公开交易首日收盘价为12.99美元<b>.</b>Academy上市时实现盈利，这在IPO市场上是罕见的。今年3月，该公司报告称，截至1月30日的第四财季净利润飙升416%，达到9150万美元，即每股97美分。自IPO以来，其股价已上涨近两倍，周五交易价格为36.53美元。FactSet表示，Academy Sports排名第三，发行价总回报率为181%。</blockquote></p><p>Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.<img src=\"https://static.tigerbbs.com/9dedc209ede147958c015d3a586bb587\" tg-width=\"630\" tg-height=\"606\">Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.</p><p><blockquote>强劲上涨者这些公司均于去年上市，与IPO价格相比，总回报率较高。这一类别的还有Corsair Gaming(CRSR)，一家为游戏玩家生产高性能装备的加州公司，以及总部位于迪拜的Yalla Group(YALA)，该公司生产一款在中东和北非使用的名为Yalla的语音聊天应用程序。在9月份IPO表现不佳后，这两只股票均强劲反弹。</blockquote></p><p>Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.</p><p><blockquote>一些上榜公司在首次亮相时股价飙升，但此后股价出现回落。尽管如此，这些公司仍在产生收益。</blockquote></p><p>ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce&nbsp;went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.</p><p><blockquote>考虑一下BigCommerce（BIGC），它提供了一个云电子商务平台，被SkullCandy、Savannah Bee Co和Cleveland Cavaliers等客户使用。BigCommerce于8月上市，发行价为24美元，当天股价飙升201%，收于72.27美元。自IPO以来，由于更广泛的科技股抛售，该股股价已下跌近25%。</blockquote></p><p>The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.</p><p><blockquote>然而，该公司报告了一些积极的进展，例如2月份的一项交易，该交易将使BigCommerce客户能够直接在沃尔玛市场上销售。它还公布了好于预期的第四季度业绩。根据FactSet的数据，BigCommerce的总回报率接近127%。</blockquote></p><p>Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.</p><p><blockquote>其他公司的股价自上市以来也出现了上涨。Dream Finders Homes(DFH)在高增长市场设计、建造和销售房屋，在1月份以每股13美元的价格首次上市时已经实现盈利。首日股价飙升61%，至20.95美元。3月份房价以2005年以来最快的速度增长，这对房地产股有所帮助。Dream Finders股价自IPO以来已上涨近52%，周五交易价格为31.77美元。Dream Finders的总发行价回报率为144.38%。</blockquote></p><p></p>","source":"lsy1610680873436","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 Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家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\">\nHere Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-06-01 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.</p><p><blockquote>首次公开募股市场最近为那些能够在公司上市前获得股票的投资者带来了一些巨大的首日收益。</blockquote></p><p>But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.<i>Barron’s</i>looked at businesses that have gone public in the past 12 months to find some strong performers.</p><p><blockquote>但并不是每个人都能得到这些类型的机会。大多数散户投资者必须等到公司开始公开交易才能购买股票。<i>巴伦周刊</i>研究了过去12个月内上市的企业，发现了一些表现强劲的企业。</blockquote></p><p>First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..</p><p><blockquote>首先，我们搜索通过传统首次公开募股上市的公司：这意味着我们过滤掉了与特殊目的收购公司（SPAC）合并的企业。然后，我们搜索了在纽约证券交易所或纳斯达克上市的公司。我们还关注市值至少为10亿美元的实体。我们将搜索范围缩小到股票发行价总回报最高的公司。</blockquote></p><p>That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .</p><p><blockquote>我们只剩下11个名字了。首先是CureVac（股票代码：CVAC），这是银幕上表现最好的IPO，总回报率为596.75%。CureVac专注于信使RNA或mRNA技术，该技术是几个领先的新冠肺炎疫苗项目的基础。这家德国生物技术公司于8月份以每股16美元的价格上市，首日飙升249%，收于55.90美元。一月份，CureVac与Bayerto达成协议，加速其Covid-19候选疫苗的开发和供应。该公司基于mRNA的新冠疫苗目前正在进行临床试验，预计今年夏天将获得2b/3期数据。自首次公开募股以来，该股几乎翻了一番，周五收于111.48美元。</blockquote></p><p>Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.</p><p><blockquote>强劲的表现不一定取决于第一天交易的成功。上榜的公司中有四家交易失败，这意味着它们的股价在交易首日就跌破了IPO价格。</blockquote></p><p>Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.</p><p><blockquote>典型的例子：以星综合航运(ZIM)。这家轻资产航运公司于1月份上市，发行价为15美元，但当天收盘价为11.50美元。然而，到5月19日，以星公布第一季度盈利5.896亿美元（即每股5.35美元）后，其股价已上涨295%。该公司还宣布派发每股2美元的特别现金股息。FactSet的数据显示，以星是过去12个月中表现第二好的IPO，总回报率为209.33%。周五收于46.40美元。</blockquote></p><p>Another example isAcademy Sports &amp; Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading<b>.</b>Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.</p><p><blockquote>另一个例子是Academy Sports&amp;Outdoors(ASO)：该公司于10月份上市，发行价为13美元，公开交易首日收盘价为12.99美元<b>.</b>Academy上市时实现盈利，这在IPO市场上是罕见的。今年3月，该公司报告称，截至1月30日的第四财季净利润飙升416%，达到9150万美元，即每股97美分。自IPO以来，其股价已上涨近两倍，周五交易价格为36.53美元。FactSet表示，Academy Sports排名第三，发行价总回报率为181%。</blockquote></p><p>Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.<img src=\"https://static.tigerbbs.com/9dedc209ede147958c015d3a586bb587\" tg-width=\"630\" tg-height=\"606\">Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.</p><p><blockquote>强劲上涨者这些公司均于去年上市，与IPO价格相比，总回报率较高。这一类别的还有Corsair Gaming(CRSR)，一家为游戏玩家生产高性能装备的加州公司，以及总部位于迪拜的Yalla Group(YALA)，该公司生产一款在中东和北非使用的名为Yalla的语音聊天应用程序。在9月份IPO表现不佳后，这两只股票均强劲反弹。</blockquote></p><p>Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.</p><p><blockquote>一些上榜公司在首次亮相时股价飙升，但此后股价出现回落。尽管如此，这些公司仍在产生收益。</blockquote></p><p>ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce&nbsp;went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.</p><p><blockquote>考虑一下BigCommerce（BIGC），它提供了一个云电子商务平台，被SkullCandy、Savannah Bee Co和Cleveland Cavaliers等客户使用。BigCommerce于8月上市，发行价为24美元，当天股价飙升201%，收于72.27美元。自IPO以来，由于更广泛的科技股抛售，该股股价已下跌近25%。</blockquote></p><p>The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.</p><p><blockquote>然而，该公司报告了一些积极的进展，例如2月份的一项交易，该交易将使BigCommerce客户能够直接在沃尔玛市场上销售。它还公布了好于预期的第四季度业绩。根据FactSet的数据，BigCommerce的总回报率接近127%。</blockquote></p><p>Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.</p><p><blockquote>其他公司的股价自上市以来也出现了上涨。Dream Finders Homes(DFH)在高增长市场设计、建造和销售房屋，在1月份以每股13美元的价格首次上市时已经实现盈利。首日股价飙升61%，至20.95美元。3月份房价以2005年以来最快的速度增长，这对房地产股有所帮助。Dream Finders股价自IPO以来已上涨近52%，周五交易价格为31.77美元。Dream Finders的总发行价回报率为144.38%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/here-are-the-11-best-performing-ipos-of-the-year-51622472529?mod=hp_DAY_0\">Barron's</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.barrons.com/articles/here-are-the-11-best-performing-ipos-of-the-year-51622472529?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105273964","content_text":"The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.Barron’slooked at businesses that have gone public in the past 12 months to find some strong performers.First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.Another example isAcademy Sports & Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading.Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.","news_type":1,"symbols_score_info":{"BOTB.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110257737,"gmtCreate":1622463635929,"gmtModify":1631889272981,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/110257737","repostId":"1111741562","repostType":4,"isVote":1,"tweetType":1,"viewCount":1941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199776735,"gmtCreate":1620737554027,"gmtModify":1631889272989,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/199776735","repostId":"1145776494","repostType":4,"repost":{"id":"1145776494","kind":"news","pubTimestamp":1620728335,"share":"https://www.laohu8.com/m/news/1145776494?lang=zh_CN&edition=full","pubTime":"2021-05-11 18:18","market":"us","language":"en","title":"10 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145776494","media":"Barron's","summary":"Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest ","content":"<p>Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.</p><p><blockquote>最近几天股市一直在上涨，道琼斯工业平均指数周一创下有记录以来的第二高收盘价，但并非每家公司都创下纪录。</blockquote></p><p>Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&amp;P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.</p><p><blockquote>在过去的几个月里，投资者从昂贵的成长型股票中撤出，转而青睐周期性股票，许多高速增长的股票受到了打击。截至周五收盘，当标普500创下收盘历史新高时，该指数中的30只股票已较52周高点暴跌至少20%，其中大部分位于科技、医疗保健和通信板块。在大多数情况下，股票下跌是有充分理由的：它们的估值飙升，以至于股票的基本面不再合理。</blockquote></p><p>This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.</p><p><blockquote>ViacomCBS（股票代码：VIAC）和Discovery(DISCA)的情况似乎就是如此，这两家公司最近都推出了单独的流媒体服务。投资者对媒体公司雄心勃勃的订户目标和其他光明前景感到兴奋，从2020年3月到2021年3月，两家公司的股价都在上涨。</blockquote></p><p>However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.</p><p><blockquote>然而，随着这些股票的估值越来越高，愿意继续追逐它们的投资者越来越少，股价在今年3月下旬暴跌。然而，尽管最近股价下跌，维亚康姆和Discovery股价的估值（相对于12个月的预期收益）仍高于一年前，这表明还有进一步下跌的空间。</blockquote></p><p>Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.</p><p><blockquote>《巴伦周刊》的观点恰恰相反：遭受重创的股票，其估值现已跌破去年同期的水平，这表明反弹的机会更大。我们缩小了筛选范围，排除了2022年盈利预计低于2021年的公司——对于超前运行的股票来说，这是一个潜在的危险信号。</blockquote></p><p>This left us with 10 names that are good candidates to buy on the low.</p><p><blockquote>这给我们留下了10个适合低价买入的名字。</blockquote></p><p>Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.</p><p><blockquote>以Etsy(ETSY)为例：在线手工艺品市场在3月1日达到最近的峰值之前的12个月内飙升了316%，因为在大流行封锁期间，消费者和卖家都出现了激增。自2021年3月以来，该股已损失了三分之一的涨幅，此前该公司指出未来几年将出现稳健但不那么引人注目的增长。华尔街估计，Etsy在2021财年的每股收益将比一年前增长20%，然后在2022财年再增长22%。</blockquote></p><p>Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.</p><p><blockquote>同样，芯片制造商Advanced Micro Devices(AMD)的股价自1月份见顶以来也大幅下跌。今年4月，由于全球半导体短缺给芯片供应链带来巨大压力，AMD上调了全年指引。该公司目前预测，与2020年相比，收入将增长约50%，而盈利预计将增长66%。</blockquote></p><p>From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry &amp; Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.</p><p><blockquote>从估值角度来看，Etsy和AMD现在都比一年前更具吸引力。Penn National Gaming(PENN)、Citrix Systems(CTXS)、Vertex Pharmaceuticals(VRTX)、MarketAxess(MKTX)、Incyte(INCY)、IPG Photonics(IPGP)、Jack Henry&amp;Associates(JKHY)和DexCom(DXCM)四舍五入屏幕中包含的股票。</blockquote></p><p><b>Off the Peak</b></p><p><blockquote><b>非高峰</b></blockquote></p><p>These stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.</p><p><blockquote>这些股票已比52周高点下跌至少20%，与过去的估值相比，现在看起来更便宜。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fb3fbce4d8febe020f883a34736b9383\" tg-width=\"1080\" tg-height=\"1462\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: FactSet</i></p><p><blockquote><i>来源：FactSet</i></blockquote></p><p>Make no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.</p><p><blockquote>毫无疑问，其中一些股票在传统意义上的估值仍然相当昂贵。与自己的过去相比，它们看起来只是“便宜”——有些人可能会认为这是预测股票未来的更相关的方式。</blockquote></p><p>For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.</p><p><blockquote>例如，为糖尿病患者制造和销售连续血糖监测系统的DexCom的股价是其未来12个月预计收益的137倍。但如今的投资者不再只关注一家公司一年的前景。随着Dexcom产品的技术变得更加主流，该股有望在未来五年内实现指数级增长。华尔街分析师绝大多数看好Dexcom股票，平均目标价比今天的水平高出30%。</blockquote></p><p></p>","source":"lsy1610680873436","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 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-05-11 18:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.</p><p><blockquote>最近几天股市一直在上涨，道琼斯工业平均指数周一创下有记录以来的第二高收盘价，但并非每家公司都创下纪录。</blockquote></p><p>Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&amp;P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.</p><p><blockquote>在过去的几个月里，投资者从昂贵的成长型股票中撤出，转而青睐周期性股票，许多高速增长的股票受到了打击。截至周五收盘，当标普500创下收盘历史新高时，该指数中的30只股票已较52周高点暴跌至少20%，其中大部分位于科技、医疗保健和通信板块。在大多数情况下，股票下跌是有充分理由的：它们的估值飙升，以至于股票的基本面不再合理。</blockquote></p><p>This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.</p><p><blockquote>ViacomCBS（股票代码：VIAC）和Discovery(DISCA)的情况似乎就是如此，这两家公司最近都推出了单独的流媒体服务。投资者对媒体公司雄心勃勃的订户目标和其他光明前景感到兴奋，从2020年3月到2021年3月，两家公司的股价都在上涨。</blockquote></p><p>However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.</p><p><blockquote>然而，随着这些股票的估值越来越高，愿意继续追逐它们的投资者越来越少，股价在今年3月下旬暴跌。然而，尽管最近股价下跌，维亚康姆和Discovery股价的估值（相对于12个月的预期收益）仍高于一年前，这表明还有进一步下跌的空间。</blockquote></p><p>Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.</p><p><blockquote>《巴伦周刊》的观点恰恰相反：遭受重创的股票，其估值现已跌破去年同期的水平，这表明反弹的机会更大。我们缩小了筛选范围，排除了2022年盈利预计低于2021年的公司——对于超前运行的股票来说，这是一个潜在的危险信号。</blockquote></p><p>This left us with 10 names that are good candidates to buy on the low.</p><p><blockquote>这给我们留下了10个适合低价买入的名字。</blockquote></p><p>Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.</p><p><blockquote>以Etsy(ETSY)为例：在线手工艺品市场在3月1日达到最近的峰值之前的12个月内飙升了316%，因为在大流行封锁期间，消费者和卖家都出现了激增。自2021年3月以来，该股已损失了三分之一的涨幅，此前该公司指出未来几年将出现稳健但不那么引人注目的增长。华尔街估计，Etsy在2021财年的每股收益将比一年前增长20%，然后在2022财年再增长22%。</blockquote></p><p>Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.</p><p><blockquote>同样，芯片制造商Advanced Micro Devices(AMD)的股价自1月份见顶以来也大幅下跌。今年4月，由于全球半导体短缺给芯片供应链带来巨大压力，AMD上调了全年指引。该公司目前预测，与2020年相比，收入将增长约50%，而盈利预计将增长66%。</blockquote></p><p>From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry &amp; Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.</p><p><blockquote>从估值角度来看，Etsy和AMD现在都比一年前更具吸引力。Penn National Gaming(PENN)、Citrix Systems(CTXS)、Vertex Pharmaceuticals(VRTX)、MarketAxess(MKTX)、Incyte(INCY)、IPG Photonics(IPGP)、Jack Henry&amp;Associates(JKHY)和DexCom(DXCM)四舍五入屏幕中包含的股票。</blockquote></p><p><b>Off the Peak</b></p><p><blockquote><b>非高峰</b></blockquote></p><p>These stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.</p><p><blockquote>这些股票已比52周高点下跌至少20%，与过去的估值相比，现在看起来更便宜。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fb3fbce4d8febe020f883a34736b9383\" tg-width=\"1080\" tg-height=\"1462\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: FactSet</i></p><p><blockquote><i>来源：FactSet</i></blockquote></p><p>Make no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.</p><p><blockquote>毫无疑问，其中一些股票在传统意义上的估值仍然相当昂贵。与自己的过去相比，它们看起来只是“便宜”——有些人可能会认为这是预测股票未来的更相关的方式。</blockquote></p><p>For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.</p><p><blockquote>例如，为糖尿病患者制造和销售连续血糖监测系统的DexCom的股价是其未来12个月预计收益的137倍。但如今的投资者不再只关注一家公司一年的前景。随着Dexcom产品的技术变得更加主流，该股有望在未来五年内实现指数级增长。华尔街分析师绝大多数看好Dexcom股票，平均目标价比今天的水平高出30%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/10-beaten-down-stocks-that-could-see-a-rebound-51620591318?mod=hp_LEAD_1\">Barron's</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":{"JKHY":"杰克亨利","MKTX":"MarketAxess Holdings","DXCM":"德康医疗","ETSY":"Etsy, Inc.","AMD":"美国超微公司","VRTX":"福泰制药","IPGP":"IPG光电","CTXS":"思杰系统","PENN":"佩恩国民博彩","INCY":"因塞特医疗"},"source_url":"https://www.barrons.com/articles/10-beaten-down-stocks-that-could-see-a-rebound-51620591318?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145776494","content_text":"Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.This left us with 10 names that are good candidates to buy on the low.Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry & Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.Off the PeakThese stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.Source: FactSetMake no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.","news_type":1,"symbols_score_info":{"IPGP":0.9,"MKTX":0.9,"ETSY":0.9,"AMD":0.9,"INCY":0.9,"CTXS":0.9,"PENN":0.9,"DXCM":0.9,"VRTX":0.9,"JKHY":0.9}},"isVote":1,"tweetType":1,"viewCount":1835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109655922,"gmtCreate":1619694472466,"gmtModify":1631889273003,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Woohoo","listText":"Woohoo","text":"Woohoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109655922","repostId":"1198510299","repostType":4,"isVote":1,"tweetType":1,"viewCount":2054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345461836,"gmtCreate":1618331120325,"gmtModify":1631891867001,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Ooooo","listText":"Ooooo","text":"Ooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/345461836","repostId":"1196320324","repostType":4,"repost":{"id":"1196320324","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618318756,"share":"https://www.laohu8.com/m/news/1196320324?lang=zh_CN&edition=full","pubTime":"2021-04-13 20:59","market":"us","language":"en","title":"Here's Why Virgin Galactic, Coca-Cola, Square, Tilray, Aphria Are Moving<blockquote>这就是维珍银河、可口可乐、Square、Tilray、Aphria搬家的原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196320324","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”That’s why Benzinga","content":"<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p><blockquote>交易者对股票最常见的问题之一是“它为什么会变动？”</blockquote></p><p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“Why Is It Moving”(WIIM)功能的原因。WIIM是对该股票变动原因的一句话描述。</blockquote></p><p>The following are the latest analyst rating updates for Virgin Galactic, Coca-Cola, Square, Tilray and Aphria.</p><p><blockquote>以下是维珍银河、可口可乐、Square、Tilray和Aphria的最新分析师评级更新。</blockquote></p><p>Bernstein analyst Douglas Harned initiated&nbsp;coverage of&nbsp;<b>Virgin Galactic Holdings Inc</b>SPCEwith a Market Perform rating and $27 price target.</p><p><blockquote>伯恩斯坦分析师道格拉斯·哈内德(Douglas Harned)首次报道<b>维珍银河控股公司</b>SPCE给予市场表现评级和27美元的目标价。</blockquote></p><p>Shares of Virgin Galactic were hammered Monday, trading lower by 8% on the day.</p><p><blockquote>维珍银河股价周一遭受重创，当日下跌8%。</blockquote></p><p>Wolfe Research analyst Greg Badishkanian initiated&nbsp;coverage of&nbsp;<b>Coca-Cola Co</b>KOwith a Peer Perform rating.</p><p><blockquote>Wolfe Research分析师Greg Badishkanian开始报道<b>可口可乐公司</b>KOwith具有同行表现评级。</blockquote></p><p>Shares of Coca-Cola were trading lower by 0.34% at $53.17 premarket Tuesday.</p><p><blockquote>周二盘前，可口可乐股价下跌0.34%，至53.17美元。</blockquote></p><p>Needham analyst Mayank Tandon maintained a Buy rating on&nbsp;<b>Square Inc</b>SQ 0.01%and raised the price target from $300 to $310.</p><p><blockquote>Needham分析师Mayank Tandon维持买入评级<b>广场公司</b>SQ 0.01%，并将目标价从300美元上调至310美元。</blockquote></p><p>Shares of Square were trading higher by 0.9% at $267.50 premarket Tuesday.</p><p><blockquote>周二盘前，Square股价上涨0.9%，至267.50美元。</blockquote></p><p><b>Aphria Inc</b>APHAshares are trading lower by 5.5% at $13.18 after Canaccord Genuity downgraded the stock from Speculative Buy to Hold.</p><p><blockquote><b>Aphria公司</b>Canaccord Genuity将APHAshares股票评级从投机性买入下调至持有后，该股股价下跌5.5%，至13.18美元。</blockquote></p><p><b>Tilray Inc</b>TLRYwas&nbsp;trading lower in sympathy by 6.3% at $16.10 at the time of publication.</p><p><blockquote><b>蒂尔雷公司</b>截至发稿时，TLRY的交易价格下跌6.3%，至16.10美元。</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>Here's Why Virgin Galactic, Coca-Cola, Square, Tilray, Aphria Are Moving<blockquote>这就是维珍银河、可口可乐、Square、Tilray、Aphria搬家的原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Virgin Galactic, Coca-Cola, Square, Tilray, Aphria Are Moving<blockquote>这就是维珍银河、可口可乐、Square、Tilray、Aphria搬家的原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-13 20:59</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p><blockquote>交易者对股票最常见的问题之一是“它为什么会变动？”</blockquote></p><p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“Why Is It Moving”(WIIM)功能的原因。WIIM是对该股票变动原因的一句话描述。</blockquote></p><p>The following are the latest analyst rating updates for Virgin Galactic, Coca-Cola, Square, Tilray and Aphria.</p><p><blockquote>以下是维珍银河、可口可乐、Square、Tilray和Aphria的最新分析师评级更新。</blockquote></p><p>Bernstein analyst Douglas Harned initiated&nbsp;coverage of&nbsp;<b>Virgin Galactic Holdings Inc</b>SPCEwith a Market Perform rating and $27 price target.</p><p><blockquote>伯恩斯坦分析师道格拉斯·哈内德(Douglas Harned)首次报道<b>维珍银河控股公司</b>SPCE给予市场表现评级和27美元的目标价。</blockquote></p><p>Shares of Virgin Galactic were hammered Monday, trading lower by 8% on the day.</p><p><blockquote>维珍银河股价周一遭受重创，当日下跌8%。</blockquote></p><p>Wolfe Research analyst Greg Badishkanian initiated&nbsp;coverage of&nbsp;<b>Coca-Cola Co</b>KOwith a Peer Perform rating.</p><p><blockquote>Wolfe Research分析师Greg Badishkanian开始报道<b>可口可乐公司</b>KOwith具有同行表现评级。</blockquote></p><p>Shares of Coca-Cola were trading lower by 0.34% at $53.17 premarket Tuesday.</p><p><blockquote>周二盘前，可口可乐股价下跌0.34%，至53.17美元。</blockquote></p><p>Needham analyst Mayank Tandon maintained a Buy rating on&nbsp;<b>Square Inc</b>SQ 0.01%and raised the price target from $300 to $310.</p><p><blockquote>Needham分析师Mayank Tandon维持买入评级<b>广场公司</b>SQ 0.01%，并将目标价从300美元上调至310美元。</blockquote></p><p>Shares of Square were trading higher by 0.9% at $267.50 premarket Tuesday.</p><p><blockquote>周二盘前，Square股价上涨0.9%，至267.50美元。</blockquote></p><p><b>Aphria Inc</b>APHAshares are trading lower by 5.5% at $13.18 after Canaccord Genuity downgraded the stock from Speculative Buy to Hold.</p><p><blockquote><b>Aphria公司</b>Canaccord Genuity将APHAshares股票评级从投机性买入下调至持有后，该股股价下跌5.5%，至13.18美元。</blockquote></p><p><b>Tilray Inc</b>TLRYwas&nbsp;trading lower in sympathy by 6.3% at $16.10 at the time of publication.</p><p><blockquote><b>蒂尔雷公司</b>截至发稿时，TLRY的交易价格下跌6.3%，至16.10美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APHA":"Aphria Inc.","SPCE":"维珍银河","KO":"可口可乐","TLRY":"Tilray Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196320324","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.The following are the latest analyst rating updates for Virgin Galactic, Coca-Cola, Square, Tilray and Aphria.Bernstein analyst Douglas Harned initiated coverage of Virgin Galactic Holdings IncSPCEwith a Market Perform rating and $27 price target.Shares of Virgin Galactic were hammered Monday, trading lower by 8% on the day.Wolfe Research analyst Greg Badishkanian initiated coverage of Coca-Cola CoKOwith a Peer Perform rating.Shares of Coca-Cola were trading lower by 0.34% at $53.17 premarket Tuesday.Needham analyst Mayank Tandon maintained a Buy rating on Square IncSQ 0.01%and raised the price target from $300 to $310.Shares of Square were trading higher by 0.9% at $267.50 premarket Tuesday.Aphria IncAPHAshares are trading lower by 5.5% at $13.18 after Canaccord Genuity downgraded the stock from Speculative Buy to Hold.Tilray IncTLRYwas trading lower in sympathy by 6.3% at $16.10 at the time of publication.","news_type":1,"symbols_score_info":{"SQ":0.9,"TLRY":0.9,"SPCE":0.9,"KO":0.9,"APHA":0.9}},"isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342765537,"gmtCreate":1618243683529,"gmtModify":1631891867015,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342765537","repostId":"1100963293","repostType":4,"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342932402,"gmtCreate":1618148076106,"gmtModify":1631891867026,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342932402","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348775921,"gmtCreate":1617969644463,"gmtModify":1631891867035,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348775921","repostId":"2126081391","repostType":4,"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355568022,"gmtCreate":1617086481366,"gmtModify":1631891867049,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Oooooo","listText":"Oooooo","text":"Oooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355568022","repostId":"1155381272","repostType":4,"repost":{"id":"1155381272","kind":"news","pubTimestamp":1617084828,"share":"https://www.laohu8.com/m/news/1155381272?lang=zh_CN&edition=full","pubTime":"2021-03-30 14:13","market":"us","language":"en","title":"Apple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155381272","media":"Reuters","summary":"TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts tec","content":"<p>TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.</p><p><blockquote>台北（路透社）-台湾富士康是全球最大的电子产品合同制造商，其主要客户包括苹果等科技巨头。该公司周二公布的第四季度利润落后于市场预期。</blockquote></p><p> The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.</p><p><blockquote>这家台湾公司在一份声明中表示，10月至12月净利润为459.7亿新台币（16.1亿美元），同比下降4%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-03-30 14:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.</p><p><blockquote>台北（路透社）-台湾富士康是全球最大的电子产品合同制造商，其主要客户包括苹果等科技巨头。该公司周二公布的第四季度利润落后于市场预期。</blockquote></p><p> The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.</p><p><blockquote>这家台湾公司在一份声明中表示，10月至12月净利润为459.7亿新台币（16.1亿美元），同比下降4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-foxconn-results/apple-supplier-foxconn-fourth-quarter-profit-misses-estimates-idUSKBN2BM0FY?il=0\">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":"https://static.tigerbbs.com/7adbe4b3d87090014bfae81cc541580d","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-foxconn-results/apple-supplier-foxconn-fourth-quarter-profit-misses-estimates-idUSKBN2BM0FY?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155381272","content_text":"TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.\nThe Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355195935,"gmtCreate":1617032973427,"gmtModify":1631891867068,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355195935","repostId":"1165495068","repostType":4,"isVote":1,"tweetType":1,"viewCount":1328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":358139172,"gmtCreate":1616671228096,"gmtModify":1631891867081,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Buyyy","listText":"Buyyy","text":"Buyyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358139172","repostId":"1139908626","repostType":4,"repost":{"id":"1139908626","kind":"news","pubTimestamp":1616663752,"share":"https://www.laohu8.com/m/news/1139908626?lang=zh_CN&edition=full","pubTime":"2021-03-25 17:15","market":"us","language":"en","title":"Apple Failure Modes<blockquote>苹果失效模式</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139908626","media":"Medium","summary":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more…Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows?Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in ","content":"<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰众多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，在魔术师去世近十年后，蒂姆·库克能否继续保持史蒂夫·乔布斯苹果2.0的奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记一直在不规则的中断，因为我正在写一本书，记录我在科技界流浪汉般的半个世纪。虽然我只在苹果呆了十年，但《地心引力》发挥了它的吸引力，这本书有时感觉以这家让我实现了两个梦想的公司为中心：来到美国和领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写苹果早期的经历让我思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值2T美元的企业的，它是如何避免我们在许多行业巨头身上看到的“失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代iPhone发布时，他们否认了这一威胁，指责苹果在他们的舞台上发挥作用的能力。然后Android设备出现了，巨头们拒绝让步：<i>我们知道我们在做什么，看看我们的数字就知道了！</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的好旧惠普是一个复杂得多的故事。在技术方面，它允许其卓越的桌面计算业务被“廉价”的8位处理器扰乱，但真正的问题是文化和政治：首席执行官套房中的旋转门，董事会互相监视，没有连贯的公司战略导致灾难性的收购和随后的分拆……</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又堕落到如此地步。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。（70年代中期，有人给了我一本包罗万象的经理指南，我对这项工作的深度和范围感到敬畏。）然后，PC出现了，这是IBM最初抓住的一个产品类别，但由于让由微软软件驱动的克隆产品充斥市场并扼杀了其利润而失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和联网服务器改变了游戏规则时，IBM还没有准备好，几乎破产，只是被卢·郭士纳拯救了……至少在一段时间内。不幸的是，郭士纳的继任者无法驾驭云计算的无情增长，现在公司已经分裂。现任首席执行官Arvind Krishna最近决定将IBM拆分为“两家战略专注的市场领先公司”。较大的实体保留IBM的名称，较小的尚未命名的公司使IBM摆脱了低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在经历了一次历史性的、代价高昂的失误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为其Windows Phone操作系统向诺基亚提供了特殊的许可条款，结果双方的合作陷入了困境。绝望之下，微软于2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，次年又注销了9亿美元。清理工作留给了萨蒂亚·纳德拉，他于2014年从史蒂夫·鲍尔默手中接过了大权。从那时起，随着公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，仿照苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事为苹果提供了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司需要不止一个重大错误才能开始衰落。苹果地图的首次亮相和“天线门”，作为例子，令人尴尬，但没有造成任何持久的伤害。可以肯定的是，连续两款平庸的iPhone会对形象和财务产生有害影响，但即使这样也可以生存下来，尤其是在当今准饱和的市场上。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的行业浪潮（由Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为服务业提供更多动力的努力，服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的iCloud是一个不同的故事。诚然，“云”是一个非常宽泛的术语，该公司的许多云服务被认为是理所当然的，几乎是看不见的。例如，iPhone照片存在于数PB或数EB的云存储中，这些存储可以很好地传播到用户的设备。音乐等等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然iCloud作为一种产品自2008年MobileMe以来已经取得了长足的进步，MobileMe是我们其他人的交换，让史蒂夫·乔布斯（Steve Jobs）感到尴尬，但它经常缓慢且漏洞百出（即使是现在，当我试图使用“我们说话时”的页面时）。它缺乏谷歌和Dropbox所能提供的强大和精致。也就是说，人们不应该指望苹果会像Amazon Web Services、Google Cloud和微软Azure那样提供iCloud服务。事实上，苹果在一定程度上依赖于AWS和其他公司的基础设施——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的痛点。尽管该公司凭借Siri首先“出现”，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用领域的领导者。在日常生活中，人们可以看到Siri的实用性和普遍性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁John Giannandrea（一位拥有杰出简历的谷歌校友，于2018年加入苹果）能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容忽视。其硬件、软件和供应链管理是无与伦比的。但让我们关注一个不太受人称赞的优势，即其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>为了简化，没有<i>分部</i>在苹果，没有iPhone、Mac或AirPod的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击姓名即可访问有用的工作详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时——我会避免挑逗性的可能性——工作是围绕<i>项目</i>通过借鉴软件工程、运营、硬件技术等功能形成项目组。对于产品设计或运营等活动，一些团队成员可能会参与多个项目。只要项目存在，集团就存在，如果产品被取消或上架，集团就解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的一个问题是它的部门结构，不可避免的竞争、领土争端和资源争夺战。当然，顾客不关心部门，他们关心的是产品。苹果的强健、灵活，<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫·乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果对大规模失败免疫，它不会有一天走上惠普或IBM的道路？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>为了寻找下一个增长引擎，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和“德意志股份公司”（德国汽车制造商），要么采取更多原创的个人流动性形式。或者它可能被花费在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论其组织结构多么强大，苹果和每家公司一样，都容易受到个人平庸的影响：缺乏安全感的B级经理雇佣不会挑战他们的权威或“专业知识”的C级玩家，产品因此受到影响。我们知道一个古老的组织笑话：当上层人士向下看时，他们看到的是大脑；当低层的大脑抬头时，他们会看到#$$洞。对于一个组织来说，当大脑意识到上层被无能者殖民并进入何必模式时，终结就开始了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，不可能知道苹果如何努力避免某种形式的退化性失败。</blockquote></p><p></p>","source":"lsy1616663746307","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Failure Modes<blockquote>苹果失效模式</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Failure Modes<blockquote>苹果失效模式</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Medium</strong><span class=\"h-time small\">2021-03-25 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰众多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，在魔术师去世近十年后，蒂姆·库克能否继续保持史蒂夫·乔布斯苹果2.0的奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记一直在不规则的中断，因为我正在写一本书，记录我在科技界流浪汉般的半个世纪。虽然我只在苹果呆了十年，但《地心引力》发挥了它的吸引力，这本书有时感觉以这家让我实现了两个梦想的公司为中心：来到美国和领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写苹果早期的经历让我思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值2T美元的企业的，它是如何避免我们在许多行业巨头身上看到的“失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代iPhone发布时，他们否认了这一威胁，指责苹果在他们的舞台上发挥作用的能力。然后Android设备出现了，巨头们拒绝让步：<i>我们知道我们在做什么，看看我们的数字就知道了！</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的好旧惠普是一个复杂得多的故事。在技术方面，它允许其卓越的桌面计算业务被“廉价”的8位处理器扰乱，但真正的问题是文化和政治：首席执行官套房中的旋转门，董事会互相监视，没有连贯的公司战略导致灾难性的收购和随后的分拆……</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又堕落到如此地步。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。（70年代中期，有人给了我一本包罗万象的经理指南，我对这项工作的深度和范围感到敬畏。）然后，PC出现了，这是IBM最初抓住的一个产品类别，但由于让由微软软件驱动的克隆产品充斥市场并扼杀了其利润而失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和联网服务器改变了游戏规则时，IBM还没有准备好，几乎破产，只是被卢·郭士纳拯救了……至少在一段时间内。不幸的是，郭士纳的继任者无法驾驭云计算的无情增长，现在公司已经分裂。现任首席执行官Arvind Krishna最近决定将IBM拆分为“两家战略专注的市场领先公司”。较大的实体保留IBM的名称，较小的尚未命名的公司使IBM摆脱了低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在经历了一次历史性的、代价高昂的失误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为其Windows Phone操作系统向诺基亚提供了特殊的许可条款，结果双方的合作陷入了困境。绝望之下，微软于2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，次年又注销了9亿美元。清理工作留给了萨蒂亚·纳德拉，他于2014年从史蒂夫·鲍尔默手中接过了大权。从那时起，随着公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，仿照苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事为苹果提供了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司需要不止一个重大错误才能开始衰落。苹果地图的首次亮相和“天线门”，作为例子，令人尴尬，但没有造成任何持久的伤害。可以肯定的是，连续两款平庸的iPhone会对形象和财务产生有害影响，但即使这样也可以生存下来，尤其是在当今准饱和的市场上。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的行业浪潮（由Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为服务业提供更多动力的努力，服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的iCloud是一个不同的故事。诚然，“云”是一个非常宽泛的术语，该公司的许多云服务被认为是理所当然的，几乎是看不见的。例如，iPhone照片存在于数PB或数EB的云存储中，这些存储可以很好地传播到用户的设备。音乐等等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然iCloud作为一种产品自2008年MobileMe以来已经取得了长足的进步，MobileMe是我们其他人的交换，让史蒂夫·乔布斯（Steve Jobs）感到尴尬，但它经常缓慢且漏洞百出（即使是现在，当我试图使用“我们说话时”的页面时）。它缺乏谷歌和Dropbox所能提供的强大和精致。也就是说，人们不应该指望苹果会像Amazon Web Services、Google Cloud和微软Azure那样提供iCloud服务。事实上，苹果在一定程度上依赖于AWS和其他公司的基础设施——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的痛点。尽管该公司凭借Siri首先“出现”，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用领域的领导者。在日常生活中，人们可以看到Siri的实用性和普遍性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁John Giannandrea（一位拥有杰出简历的谷歌校友，于2018年加入苹果）能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容忽视。其硬件、软件和供应链管理是无与伦比的。但让我们关注一个不太受人称赞的优势，即其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>为了简化，没有<i>分部</i>在苹果，没有iPhone、Mac或AirPod的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击姓名即可访问有用的工作详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时——我会避免挑逗性的可能性——工作是围绕<i>项目</i>通过借鉴软件工程、运营、硬件技术等功能形成项目组。对于产品设计或运营等活动，一些团队成员可能会参与多个项目。只要项目存在，集团就存在，如果产品被取消或上架，集团就解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的一个问题是它的部门结构，不可避免的竞争、领土争端和资源争夺战。当然，顾客不关心部门，他们关心的是产品。苹果的强健、灵活，<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫·乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果对大规模失败免疫，它不会有一天走上惠普或IBM的道路？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>为了寻找下一个增长引擎，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和“德意志股份公司”（德国汽车制造商），要么采取更多原创的个人流动性形式。或者它可能被花费在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论其组织结构多么强大，苹果和每家公司一样，都容易受到个人平庸的影响：缺乏安全感的B级经理雇佣不会挑战他们的权威或“专业知识”的C级玩家，产品因此受到影响。我们知道一个古老的组织笑话：当上层人士向下看时，他们看到的是大脑；当低层的大脑抬头时，他们会看到#$$洞。对于一个组织来说，当大脑意识到上层被无能者殖民并进入何必模式时，终结就开始了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，不可能知道苹果如何努力避免某种形式的退化性失败。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0\">Medium</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139908626","content_text":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?\n\nThe Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.\nWriting about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.\nNokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’We know what we’re doing,just look at our numbers!’.\nMy good old HP is a much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…\nNo company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.\nA decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.\nMicrosoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.\nWhile these failure stories hold some lessons for Apple, some of them are actually reassuring.\nFor example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.\nApple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.\nWhile iCloud as a product has come a long way since the 2008 MobileMe, the Exchange For The Rest Of Us that embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part depends on AWS and others for its own infrastructure — a contentious internal topic.\nApple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.\nApple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.\nTo simplify, there are no divisions at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are functions as sketched by the Apple Leadership chart (helpful job details are accessed when clicking on the names):\n\nWhen Apple develops a new product — I’ll avoid titillating possibilities — work is organized aroundprojects. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.\nOne of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,functionalorganization helps everyone focus on products and customers.\nIt’s an extremely valuable Steve Jobs legacy.\nDoes this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?\nNo.\nIn a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.\nAnd no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350577860,"gmtCreate":1616243311450,"gmtModify":1631891867082,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"Woah","listText":"Woah","text":"Woah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350577860","repostId":"1103756496","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327537033,"gmtCreate":1616109066222,"gmtModify":1631891867096,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327537033","repostId":"2120569165","repostType":4,"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327658965,"gmtCreate":1616081928157,"gmtModify":1631891867110,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578039715565156","authorIdStr":"3578039715565156"},"themes":[],"htmlText":"[白眼]&nbsp;","listText":"[白眼]&nbsp;","text":"[白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327658965","repostId":"1142444897","repostType":4,"isVote":1,"tweetType":1,"viewCount":1429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":114272379,"gmtCreate":1623077702791,"gmtModify":1631889272919,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Like and comment [Grin]&nbsp;","listText":"Like and comment [Grin]&nbsp;","text":"Like and comment [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/114272379","repostId":"1126396501","repostType":4,"isVote":1,"tweetType":1,"viewCount":2213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358139172,"gmtCreate":1616671228096,"gmtModify":1631891867081,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Buyyy","listText":"Buyyy","text":"Buyyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358139172","repostId":"1139908626","repostType":4,"repost":{"id":"1139908626","kind":"news","pubTimestamp":1616663752,"share":"https://www.laohu8.com/m/news/1139908626?lang=zh_CN&edition=full","pubTime":"2021-03-25 17:15","market":"us","language":"en","title":"Apple Failure Modes<blockquote>苹果失效模式</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139908626","media":"Medium","summary":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more…Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows?Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in ","content":"<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰众多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，在魔术师去世近十年后，蒂姆·库克能否继续保持史蒂夫·乔布斯苹果2.0的奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记一直在不规则的中断，因为我正在写一本书，记录我在科技界流浪汉般的半个世纪。虽然我只在苹果呆了十年，但《地心引力》发挥了它的吸引力，这本书有时感觉以这家让我实现了两个梦想的公司为中心：来到美国和领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写苹果早期的经历让我思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值2T美元的企业的，它是如何避免我们在许多行业巨头身上看到的“失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代iPhone发布时，他们否认了这一威胁，指责苹果在他们的舞台上发挥作用的能力。然后Android设备出现了，巨头们拒绝让步：<i>我们知道我们在做什么，看看我们的数字就知道了！</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的好旧惠普是一个复杂得多的故事。在技术方面，它允许其卓越的桌面计算业务被“廉价”的8位处理器扰乱，但真正的问题是文化和政治：首席执行官套房中的旋转门，董事会互相监视，没有连贯的公司战略导致灾难性的收购和随后的分拆……</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又堕落到如此地步。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。（70年代中期，有人给了我一本包罗万象的经理指南，我对这项工作的深度和范围感到敬畏。）然后，PC出现了，这是IBM最初抓住的一个产品类别，但由于让由微软软件驱动的克隆产品充斥市场并扼杀了其利润而失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和联网服务器改变了游戏规则时，IBM还没有准备好，几乎破产，只是被卢·郭士纳拯救了……至少在一段时间内。不幸的是，郭士纳的继任者无法驾驭云计算的无情增长，现在公司已经分裂。现任首席执行官Arvind Krishna最近决定将IBM拆分为“两家战略专注的市场领先公司”。较大的实体保留IBM的名称，较小的尚未命名的公司使IBM摆脱了低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在经历了一次历史性的、代价高昂的失误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为其Windows Phone操作系统向诺基亚提供了特殊的许可条款，结果双方的合作陷入了困境。绝望之下，微软于2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，次年又注销了9亿美元。清理工作留给了萨蒂亚·纳德拉，他于2014年从史蒂夫·鲍尔默手中接过了大权。从那时起，随着公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，仿照苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事为苹果提供了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司需要不止一个重大错误才能开始衰落。苹果地图的首次亮相和“天线门”，作为例子，令人尴尬，但没有造成任何持久的伤害。可以肯定的是，连续两款平庸的iPhone会对形象和财务产生有害影响，但即使这样也可以生存下来，尤其是在当今准饱和的市场上。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的行业浪潮（由Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为服务业提供更多动力的努力，服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的iCloud是一个不同的故事。诚然，“云”是一个非常宽泛的术语，该公司的许多云服务被认为是理所当然的，几乎是看不见的。例如，iPhone照片存在于数PB或数EB的云存储中，这些存储可以很好地传播到用户的设备。音乐等等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然iCloud作为一种产品自2008年MobileMe以来已经取得了长足的进步，MobileMe是我们其他人的交换，让史蒂夫·乔布斯（Steve Jobs）感到尴尬，但它经常缓慢且漏洞百出（即使是现在，当我试图使用“我们说话时”的页面时）。它缺乏谷歌和Dropbox所能提供的强大和精致。也就是说，人们不应该指望苹果会像Amazon Web Services、Google Cloud和微软Azure那样提供iCloud服务。事实上，苹果在一定程度上依赖于AWS和其他公司的基础设施——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的痛点。尽管该公司凭借Siri首先“出现”，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用领域的领导者。在日常生活中，人们可以看到Siri的实用性和普遍性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁John Giannandrea（一位拥有杰出简历的谷歌校友，于2018年加入苹果）能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容忽视。其硬件、软件和供应链管理是无与伦比的。但让我们关注一个不太受人称赞的优势，即其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>为了简化，没有<i>分部</i>在苹果，没有iPhone、Mac或AirPod的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击姓名即可访问有用的工作详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时——我会避免挑逗性的可能性——工作是围绕<i>项目</i>通过借鉴软件工程、运营、硬件技术等功能形成项目组。对于产品设计或运营等活动，一些团队成员可能会参与多个项目。只要项目存在，集团就存在，如果产品被取消或上架，集团就解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的一个问题是它的部门结构，不可避免的竞争、领土争端和资源争夺战。当然，顾客不关心部门，他们关心的是产品。苹果的强健、灵活，<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫·乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果对大规模失败免疫，它不会有一天走上惠普或IBM的道路？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>为了寻找下一个增长引擎，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和“德意志股份公司”（德国汽车制造商），要么采取更多原创的个人流动性形式。或者它可能被花费在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论其组织结构多么强大，苹果和每家公司一样，都容易受到个人平庸的影响：缺乏安全感的B级经理雇佣不会挑战他们的权威或“专业知识”的C级玩家，产品因此受到影响。我们知道一个古老的组织笑话：当上层人士向下看时，他们看到的是大脑；当低层的大脑抬头时，他们会看到#$$洞。对于一个组织来说，当大脑意识到上层被无能者殖民并进入何必模式时，终结就开始了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，不可能知道苹果如何努力避免某种形式的退化性失败。</blockquote></p><p></p>","source":"lsy1616663746307","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Failure Modes<blockquote>苹果失效模式</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Failure Modes<blockquote>苹果失效模式</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Medium</strong><span class=\"h-time small\">2021-03-25 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰众多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，在魔术师去世近十年后，蒂姆·库克能否继续保持史蒂夫·乔布斯苹果2.0的奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记一直在不规则的中断，因为我正在写一本书，记录我在科技界流浪汉般的半个世纪。虽然我只在苹果呆了十年，但《地心引力》发挥了它的吸引力，这本书有时感觉以这家让我实现了两个梦想的公司为中心：来到美国和领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写苹果早期的经历让我思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值2T美元的企业的，它是如何避免我们在许多行业巨头身上看到的“失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代iPhone发布时，他们否认了这一威胁，指责苹果在他们的舞台上发挥作用的能力。然后Android设备出现了，巨头们拒绝让步：<i>我们知道我们在做什么，看看我们的数字就知道了！</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的好旧惠普是一个复杂得多的故事。在技术方面，它允许其卓越的桌面计算业务被“廉价”的8位处理器扰乱，但真正的问题是文化和政治：首席执行官套房中的旋转门，董事会互相监视，没有连贯的公司战略导致灾难性的收购和随后的分拆……</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又堕落到如此地步。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。（70年代中期，有人给了我一本包罗万象的经理指南，我对这项工作的深度和范围感到敬畏。）然后，PC出现了，这是IBM最初抓住的一个产品类别，但由于让由微软软件驱动的克隆产品充斥市场并扼杀了其利润而失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和联网服务器改变了游戏规则时，IBM还没有准备好，几乎破产，只是被卢·郭士纳拯救了……至少在一段时间内。不幸的是，郭士纳的继任者无法驾驭云计算的无情增长，现在公司已经分裂。现任首席执行官Arvind Krishna最近决定将IBM拆分为“两家战略专注的市场领先公司”。较大的实体保留IBM的名称，较小的尚未命名的公司使IBM摆脱了低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在经历了一次历史性的、代价高昂的失误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为其Windows Phone操作系统向诺基亚提供了特殊的许可条款，结果双方的合作陷入了困境。绝望之下，微软于2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，次年又注销了9亿美元。清理工作留给了萨蒂亚·纳德拉，他于2014年从史蒂夫·鲍尔默手中接过了大权。从那时起，随着公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，仿照苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事为苹果提供了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司需要不止一个重大错误才能开始衰落。苹果地图的首次亮相和“天线门”，作为例子，令人尴尬，但没有造成任何持久的伤害。可以肯定的是，连续两款平庸的iPhone会对形象和财务产生有害影响，但即使这样也可以生存下来，尤其是在当今准饱和的市场上。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的行业浪潮（由Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为服务业提供更多动力的努力，服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的iCloud是一个不同的故事。诚然，“云”是一个非常宽泛的术语，该公司的许多云服务被认为是理所当然的，几乎是看不见的。例如，iPhone照片存在于数PB或数EB的云存储中，这些存储可以很好地传播到用户的设备。音乐等等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然iCloud作为一种产品自2008年MobileMe以来已经取得了长足的进步，MobileMe是我们其他人的交换，让史蒂夫·乔布斯（Steve Jobs）感到尴尬，但它经常缓慢且漏洞百出（即使是现在，当我试图使用“我们说话时”的页面时）。它缺乏谷歌和Dropbox所能提供的强大和精致。也就是说，人们不应该指望苹果会像Amazon Web Services、Google Cloud和微软Azure那样提供iCloud服务。事实上，苹果在一定程度上依赖于AWS和其他公司的基础设施——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的痛点。尽管该公司凭借Siri首先“出现”，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用领域的领导者。在日常生活中，人们可以看到Siri的实用性和普遍性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁John Giannandrea（一位拥有杰出简历的谷歌校友，于2018年加入苹果）能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容忽视。其硬件、软件和供应链管理是无与伦比的。但让我们关注一个不太受人称赞的优势，即其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>为了简化，没有<i>分部</i>在苹果，没有iPhone、Mac或AirPod的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击姓名即可访问有用的工作详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时——我会避免挑逗性的可能性——工作是围绕<i>项目</i>通过借鉴软件工程、运营、硬件技术等功能形成项目组。对于产品设计或运营等活动，一些团队成员可能会参与多个项目。只要项目存在，集团就存在，如果产品被取消或上架，集团就解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的一个问题是它的部门结构，不可避免的竞争、领土争端和资源争夺战。当然，顾客不关心部门，他们关心的是产品。苹果的强健、灵活，<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫·乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果对大规模失败免疫，它不会有一天走上惠普或IBM的道路？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>为了寻找下一个增长引擎，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和“德意志股份公司”（德国汽车制造商），要么采取更多原创的个人流动性形式。或者它可能被花费在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论其组织结构多么强大，苹果和每家公司一样，都容易受到个人平庸的影响：缺乏安全感的B级经理雇佣不会挑战他们的权威或“专业知识”的C级玩家，产品因此受到影响。我们知道一个古老的组织笑话：当上层人士向下看时，他们看到的是大脑；当低层的大脑抬头时，他们会看到#$$洞。对于一个组织来说，当大脑意识到上层被无能者殖民并进入何必模式时，终结就开始了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，不可能知道苹果如何努力避免某种形式的退化性失败。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0\">Medium</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139908626","content_text":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?\n\nThe Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.\nWriting about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.\nNokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’We know what we’re doing,just look at our numbers!’.\nMy good old HP is a much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…\nNo company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.\nA decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.\nMicrosoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.\nWhile these failure stories hold some lessons for Apple, some of them are actually reassuring.\nFor example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.\nApple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.\nWhile iCloud as a product has come a long way since the 2008 MobileMe, the Exchange For The Rest Of Us that embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part depends on AWS and others for its own infrastructure — a contentious internal topic.\nApple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.\nApple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.\nTo simplify, there are no divisions at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are functions as sketched by the Apple Leadership chart (helpful job details are accessed when clicking on the names):\n\nWhen Apple develops a new product — I’ll avoid titillating possibilities — work is organized aroundprojects. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.\nOne of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,functionalorganization helps everyone focus on products and customers.\nIt’s an extremely valuable Steve Jobs legacy.\nDoes this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?\nNo.\nIn a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.\nAnd no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325734343,"gmtCreate":1615936042282,"gmtModify":1703495146458,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/325734343","repostId":"1178891078","repostType":4,"isVote":1,"tweetType":1,"viewCount":1160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":113365469,"gmtCreate":1622594887551,"gmtModify":1631889272957,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Comment pls!","listText":"Comment pls!","text":"Comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113365469","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":1986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119999410,"gmtCreate":1622511637530,"gmtModify":1631889272966,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Like and comment [Cool]&nbsp;","listText":"Like and comment [Cool]&nbsp;","text":"Like and comment [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/119999410","repostId":"1105273964","repostType":4,"repost":{"id":"1105273964","kind":"news","pubTimestamp":1622511256,"share":"https://www.laohu8.com/m/news/1105273964?lang=zh_CN&edition=full","pubTime":"2021-06-01 09:34","market":"hk","language":"en","title":"Here Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105273964","media":"Barron's","summary":"The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.That left us with 11 names. First up:CureVac, which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its ","content":"<p>The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.</p><p><blockquote>首次公开募股市场最近为那些能够在公司上市前获得股票的投资者带来了一些巨大的首日收益。</blockquote></p><p>But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.<i>Barron’s</i>looked at businesses that have gone public in the past 12 months to find some strong performers.</p><p><blockquote>但并不是每个人都能得到这些类型的机会。大多数散户投资者必须等到公司开始公开交易才能购买股票。<i>巴伦周刊</i>研究了过去12个月内上市的企业，发现了一些表现强劲的企业。</blockquote></p><p>First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..</p><p><blockquote>首先，我们搜索通过传统首次公开募股上市的公司：这意味着我们过滤掉了与特殊目的收购公司（SPAC）合并的企业。然后，我们搜索了在纽约证券交易所或纳斯达克上市的公司。我们还关注市值至少为10亿美元的实体。我们将搜索范围缩小到股票发行价总回报最高的公司。</blockquote></p><p>That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .</p><p><blockquote>我们只剩下11个名字了。首先是CureVac（股票代码：CVAC），这是银幕上表现最好的IPO，总回报率为596.75%。CureVac专注于信使RNA或mRNA技术，该技术是几个领先的新冠肺炎疫苗项目的基础。这家德国生物技术公司于8月份以每股16美元的价格上市，首日飙升249%，收于55.90美元。一月份，CureVac与Bayerto达成协议，加速其Covid-19候选疫苗的开发和供应。该公司基于mRNA的新冠疫苗目前正在进行临床试验，预计今年夏天将获得2b/3期数据。自首次公开募股以来，该股几乎翻了一番，周五收于111.48美元。</blockquote></p><p>Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.</p><p><blockquote>强劲的表现不一定取决于第一天交易的成功。上榜的公司中有四家交易失败，这意味着它们的股价在交易首日就跌破了IPO价格。</blockquote></p><p>Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.</p><p><blockquote>典型的例子：以星综合航运(ZIM)。这家轻资产航运公司于1月份上市，发行价为15美元，但当天收盘价为11.50美元。然而，到5月19日，以星公布第一季度盈利5.896亿美元（即每股5.35美元）后，其股价已上涨295%。该公司还宣布派发每股2美元的特别现金股息。FactSet的数据显示，以星是过去12个月中表现第二好的IPO，总回报率为209.33%。周五收于46.40美元。</blockquote></p><p>Another example isAcademy Sports &amp; Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading<b>.</b>Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.</p><p><blockquote>另一个例子是Academy Sports&amp;Outdoors(ASO)：该公司于10月份上市，发行价为13美元，公开交易首日收盘价为12.99美元<b>.</b>Academy上市时实现盈利，这在IPO市场上是罕见的。今年3月，该公司报告称，截至1月30日的第四财季净利润飙升416%，达到9150万美元，即每股97美分。自IPO以来，其股价已上涨近两倍，周五交易价格为36.53美元。FactSet表示，Academy Sports排名第三，发行价总回报率为181%。</blockquote></p><p>Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.<img src=\"https://static.tigerbbs.com/9dedc209ede147958c015d3a586bb587\" tg-width=\"630\" tg-height=\"606\">Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.</p><p><blockquote>强劲上涨者这些公司均于去年上市，与IPO价格相比，总回报率较高。这一类别的还有Corsair Gaming(CRSR)，一家为游戏玩家生产高性能装备的加州公司，以及总部位于迪拜的Yalla Group(YALA)，该公司生产一款在中东和北非使用的名为Yalla的语音聊天应用程序。在9月份IPO表现不佳后，这两只股票均强劲反弹。</blockquote></p><p>Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.</p><p><blockquote>一些上榜公司在首次亮相时股价飙升，但此后股价出现回落。尽管如此，这些公司仍在产生收益。</blockquote></p><p>ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce&nbsp;went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.</p><p><blockquote>考虑一下BigCommerce（BIGC），它提供了一个云电子商务平台，被SkullCandy、Savannah Bee Co和Cleveland Cavaliers等客户使用。BigCommerce于8月上市，发行价为24美元，当天股价飙升201%，收于72.27美元。自IPO以来，由于更广泛的科技股抛售，该股股价已下跌近25%。</blockquote></p><p>The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.</p><p><blockquote>然而，该公司报告了一些积极的进展，例如2月份的一项交易，该交易将使BigCommerce客户能够直接在沃尔玛市场上销售。它还公布了好于预期的第四季度业绩。根据FactSet的数据，BigCommerce的总回报率接近127%。</blockquote></p><p>Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.</p><p><blockquote>其他公司的股价自上市以来也出现了上涨。Dream Finders Homes(DFH)在高增长市场设计、建造和销售房屋，在1月份以每股13美元的价格首次上市时已经实现盈利。首日股价飙升61%，至20.95美元。3月份房价以2005年以来最快的速度增长，这对房地产股有所帮助。Dream Finders股价自IPO以来已上涨近52%，周五交易价格为31.77美元。Dream Finders的总发行价回报率为144.38%。</blockquote></p><p></p>","source":"lsy1610680873436","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 Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家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\">\nHere Are the 11 Best Performing IPOs of the Year<blockquote>以下是今年表现最好的11家IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-06-01 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.</p><p><blockquote>首次公开募股市场最近为那些能够在公司上市前获得股票的投资者带来了一些巨大的首日收益。</blockquote></p><p>But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.<i>Barron’s</i>looked at businesses that have gone public in the past 12 months to find some strong performers.</p><p><blockquote>但并不是每个人都能得到这些类型的机会。大多数散户投资者必须等到公司开始公开交易才能购买股票。<i>巴伦周刊</i>研究了过去12个月内上市的企业，发现了一些表现强劲的企业。</blockquote></p><p>First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..</p><p><blockquote>首先，我们搜索通过传统首次公开募股上市的公司：这意味着我们过滤掉了与特殊目的收购公司（SPAC）合并的企业。然后，我们搜索了在纽约证券交易所或纳斯达克上市的公司。我们还关注市值至少为10亿美元的实体。我们将搜索范围缩小到股票发行价总回报最高的公司。</blockquote></p><p>That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .</p><p><blockquote>我们只剩下11个名字了。首先是CureVac（股票代码：CVAC），这是银幕上表现最好的IPO，总回报率为596.75%。CureVac专注于信使RNA或mRNA技术，该技术是几个领先的新冠肺炎疫苗项目的基础。这家德国生物技术公司于8月份以每股16美元的价格上市，首日飙升249%，收于55.90美元。一月份，CureVac与Bayerto达成协议，加速其Covid-19候选疫苗的开发和供应。该公司基于mRNA的新冠疫苗目前正在进行临床试验，预计今年夏天将获得2b/3期数据。自首次公开募股以来，该股几乎翻了一番，周五收于111.48美元。</blockquote></p><p>Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.</p><p><blockquote>强劲的表现不一定取决于第一天交易的成功。上榜的公司中有四家交易失败，这意味着它们的股价在交易首日就跌破了IPO价格。</blockquote></p><p>Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.</p><p><blockquote>典型的例子：以星综合航运(ZIM)。这家轻资产航运公司于1月份上市，发行价为15美元，但当天收盘价为11.50美元。然而，到5月19日，以星公布第一季度盈利5.896亿美元（即每股5.35美元）后，其股价已上涨295%。该公司还宣布派发每股2美元的特别现金股息。FactSet的数据显示，以星是过去12个月中表现第二好的IPO，总回报率为209.33%。周五收于46.40美元。</blockquote></p><p>Another example isAcademy Sports &amp; Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading<b>.</b>Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.</p><p><blockquote>另一个例子是Academy Sports&amp;Outdoors(ASO)：该公司于10月份上市，发行价为13美元，公开交易首日收盘价为12.99美元<b>.</b>Academy上市时实现盈利，这在IPO市场上是罕见的。今年3月，该公司报告称，截至1月30日的第四财季净利润飙升416%，达到9150万美元，即每股97美分。自IPO以来，其股价已上涨近两倍，周五交易价格为36.53美元。FactSet表示，Academy Sports排名第三，发行价总回报率为181%。</blockquote></p><p>Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.<img src=\"https://static.tigerbbs.com/9dedc209ede147958c015d3a586bb587\" tg-width=\"630\" tg-height=\"606\">Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.</p><p><blockquote>强劲上涨者这些公司均于去年上市，与IPO价格相比，总回报率较高。这一类别的还有Corsair Gaming(CRSR)，一家为游戏玩家生产高性能装备的加州公司，以及总部位于迪拜的Yalla Group(YALA)，该公司生产一款在中东和北非使用的名为Yalla的语音聊天应用程序。在9月份IPO表现不佳后，这两只股票均强劲反弹。</blockquote></p><p>Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.</p><p><blockquote>一些上榜公司在首次亮相时股价飙升，但此后股价出现回落。尽管如此，这些公司仍在产生收益。</blockquote></p><p>ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce&nbsp;went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.</p><p><blockquote>考虑一下BigCommerce（BIGC），它提供了一个云电子商务平台，被SkullCandy、Savannah Bee Co和Cleveland Cavaliers等客户使用。BigCommerce于8月上市，发行价为24美元，当天股价飙升201%，收于72.27美元。自IPO以来，由于更广泛的科技股抛售，该股股价已下跌近25%。</blockquote></p><p>The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.</p><p><blockquote>然而，该公司报告了一些积极的进展，例如2月份的一项交易，该交易将使BigCommerce客户能够直接在沃尔玛市场上销售。它还公布了好于预期的第四季度业绩。根据FactSet的数据，BigCommerce的总回报率接近127%。</blockquote></p><p>Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.</p><p><blockquote>其他公司的股价自上市以来也出现了上涨。Dream Finders Homes(DFH)在高增长市场设计、建造和销售房屋，在1月份以每股13美元的价格首次上市时已经实现盈利。首日股价飙升61%，至20.95美元。3月份房价以2005年以来最快的速度增长，这对房地产股有所帮助。Dream Finders股价自IPO以来已上涨近52%，周五交易价格为31.77美元。Dream Finders的总发行价回报率为144.38%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/here-are-the-11-best-performing-ipos-of-the-year-51622472529?mod=hp_DAY_0\">Barron's</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.barrons.com/articles/here-are-the-11-best-performing-ipos-of-the-year-51622472529?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105273964","content_text":"The market for initial public offerings has recently delivered some great first-day gains for investors who were able to get shares before the companies went public.But not everyone receives these types of opportunities. Most retail investors have to wait until companies start publicly trading to buy stock.Barron’slooked at businesses that have gone public in the past 12 months to find some strong performers.First, we searched for companies that listed via a traditional initial public offering: This meant we filtered out businesses that merged withspecial purpose acquisition companies, or SPACs. Then, we searched for companies that went public on either the New York Stock Exchange or the Nasdaq. We also focused on entities that had at least a $1 billion market capitalization. We narrowed our search to companies with the highesttotal returns from their stock offering prices..That left us with 11 names. First up:CureVac(ticker: CVAC), which was the screen’s best-performing IPO and had a total return of 596.75%. CureVac specializes in the messenger RNA, or mRNA, technology that is the basis of several leading Covid-19 vaccine programs. The German biotech company went public inAugust at $16 a shareand soared 249% in its first day, with the stock closing at $55.90. In January, CureVacstruck a deal with Bayerto accelerate the development and supply of its Covid-19 vaccine candidate. The company’s mRNA-based Covid-19 vaccine is now in clinical trials, and Phase2b/3 data is expected this summer. Since its IPO, the stock has nearly doubled, closingFriday at $111.48 .Strong performances need not be dictated by success on the first day of trading. Four of the companies that made our list were busted deals—meaning that their shares fell below their IPO prices on the first day of trading.Case in point:ZIM Integrated Shipping(ZIM). The asset-light shipping company went public in January with a $15 offering price,but closed that day at $11.50. Yet by May 19, ZIM’s stockhad gained 295%after itreported first-quarter earnings of $589.6 million, or $5.35 a share. The companyalso declared a special cash dividend of $2 a share. ZIM is the second-best-performing IPO in the past 12 months, based on a total return of 209.33%, according to FactSet. It closed on Friday at $46.40.Another example isAcademy Sports & Outdoors(ASO): The companywent public in Octoberwith a $13 offering price, with the stock closing at $12.99 during its first day of public trading.Academy was profitable when it went public, a rarity in the IPO market. InMarch, the company reported that its net incomesoared 416%, to $91.5 million, or 97 cents a share, for its fourth fiscal quarter ended Jan. 30. Its shares have nearly tripled since the IPO, and were trading at $36.53 on Friday. Academy Sports ranks third with a total return from the offering price of 181%, FactSet said.Strong GainersThese companies all went public in the last year and produced high total returns compared to their IPO prices.Rounding out this category areCorsair Gaming(CRSR), a California companythat makes performance gear for gamers, and the Dubai-basedYalla Group(YALA), whichmakes a voice-chat app usedin the Middle East and North Africa called Yalla. Both stocks have rebounded strongly after less-than-stellar September IPOs.Some companies that made our list soared during their debuts, but have since seen their shares retreat. Still, these companies are producing gains.ConsiderBigCommerce(BIGC), which provides a cloud e-commerce platform that is used by such customers as SkullCandy, Savannah Bee Co, and the Cleveland Cavaliers.BigCommerce went public in Augustwith a $24 offering price—and the stock soared 201% that day,closing at $72.27. Since the IPO, the shares have fallen nearly 25%, amid a broader technology selloff.The company, however, has reported some positive developments, like a deal in February that wouldgive BigCommerce customersthe ability to sell directly on Walmart Marketplace. It also reported better-than-expected fourth-quarter results. BigCommerce has produced a total return of nearly 127%, according to FactSet.Other companies have seen their shares jump since going public.Dream Finders Homes (DFH), which designs, builds, and sells homes in high-growth markets, was already profitable when it made its trading debut in January at $13 a share. Shares soared 61%, $20.95 on its first day.Prices for houses in Marchgrew at the fastest rate since 2005, which has helped real estate stocks. Dream Finders stock has gained nearly 52% since its IPO, trading Friday at $31.77. Dream Finders notched a total return from offering price of 144.38%.","news_type":1,"symbols_score_info":{"BOTB.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199776735,"gmtCreate":1620737554027,"gmtModify":1631889272989,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/199776735","repostId":"1145776494","repostType":4,"repost":{"id":"1145776494","kind":"news","pubTimestamp":1620728335,"share":"https://www.laohu8.com/m/news/1145776494?lang=zh_CN&edition=full","pubTime":"2021-05-11 18:18","market":"us","language":"en","title":"10 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145776494","media":"Barron's","summary":"Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest ","content":"<p>Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.</p><p><blockquote>最近几天股市一直在上涨，道琼斯工业平均指数周一创下有记录以来的第二高收盘价，但并非每家公司都创下纪录。</blockquote></p><p>Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&amp;P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.</p><p><blockquote>在过去的几个月里，投资者从昂贵的成长型股票中撤出，转而青睐周期性股票，许多高速增长的股票受到了打击。截至周五收盘，当标普500创下收盘历史新高时，该指数中的30只股票已较52周高点暴跌至少20%，其中大部分位于科技、医疗保健和通信板块。在大多数情况下，股票下跌是有充分理由的：它们的估值飙升，以至于股票的基本面不再合理。</blockquote></p><p>This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.</p><p><blockquote>ViacomCBS（股票代码：VIAC）和Discovery(DISCA)的情况似乎就是如此，这两家公司最近都推出了单独的流媒体服务。投资者对媒体公司雄心勃勃的订户目标和其他光明前景感到兴奋，从2020年3月到2021年3月，两家公司的股价都在上涨。</blockquote></p><p>However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.</p><p><blockquote>然而，随着这些股票的估值越来越高，愿意继续追逐它们的投资者越来越少，股价在今年3月下旬暴跌。然而，尽管最近股价下跌，维亚康姆和Discovery股价的估值（相对于12个月的预期收益）仍高于一年前，这表明还有进一步下跌的空间。</blockquote></p><p>Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.</p><p><blockquote>《巴伦周刊》的观点恰恰相反：遭受重创的股票，其估值现已跌破去年同期的水平，这表明反弹的机会更大。我们缩小了筛选范围，排除了2022年盈利预计低于2021年的公司——对于超前运行的股票来说，这是一个潜在的危险信号。</blockquote></p><p>This left us with 10 names that are good candidates to buy on the low.</p><p><blockquote>这给我们留下了10个适合低价买入的名字。</blockquote></p><p>Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.</p><p><blockquote>以Etsy(ETSY)为例：在线手工艺品市场在3月1日达到最近的峰值之前的12个月内飙升了316%，因为在大流行封锁期间，消费者和卖家都出现了激增。自2021年3月以来，该股已损失了三分之一的涨幅，此前该公司指出未来几年将出现稳健但不那么引人注目的增长。华尔街估计，Etsy在2021财年的每股收益将比一年前增长20%，然后在2022财年再增长22%。</blockquote></p><p>Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.</p><p><blockquote>同样，芯片制造商Advanced Micro Devices(AMD)的股价自1月份见顶以来也大幅下跌。今年4月，由于全球半导体短缺给芯片供应链带来巨大压力，AMD上调了全年指引。该公司目前预测，与2020年相比，收入将增长约50%，而盈利预计将增长66%。</blockquote></p><p>From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry &amp; Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.</p><p><blockquote>从估值角度来看，Etsy和AMD现在都比一年前更具吸引力。Penn National Gaming(PENN)、Citrix Systems(CTXS)、Vertex Pharmaceuticals(VRTX)、MarketAxess(MKTX)、Incyte(INCY)、IPG Photonics(IPGP)、Jack Henry&amp;Associates(JKHY)和DexCom(DXCM)四舍五入屏幕中包含的股票。</blockquote></p><p><b>Off the Peak</b></p><p><blockquote><b>非高峰</b></blockquote></p><p>These stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.</p><p><blockquote>这些股票已比52周高点下跌至少20%，与过去的估值相比，现在看起来更便宜。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fb3fbce4d8febe020f883a34736b9383\" tg-width=\"1080\" tg-height=\"1462\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: FactSet</i></p><p><blockquote><i>来源：FactSet</i></blockquote></p><p>Make no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.</p><p><blockquote>毫无疑问，其中一些股票在传统意义上的估值仍然相当昂贵。与自己的过去相比，它们看起来只是“便宜”——有些人可能会认为这是预测股票未来的更相关的方式。</blockquote></p><p>For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.</p><p><blockquote>例如，为糖尿病患者制造和销售连续血糖监测系统的DexCom的股价是其未来12个月预计收益的137倍。但如今的投资者不再只关注一家公司一年的前景。随着Dexcom产品的技术变得更加主流，该股有望在未来五年内实现指数级增长。华尔街分析师绝大多数看好Dexcom股票，平均目标价比今天的水平高出30%。</blockquote></p><p></p>","source":"lsy1610680873436","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 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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 Beaten-Down Stocks That Could See a Rebound<blockquote>10只遭受重创的股票可能会反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-05-11 18:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.</p><p><blockquote>最近几天股市一直在上涨，道琼斯工业平均指数周一创下有记录以来的第二高收盘价，但并非每家公司都创下纪录。</blockquote></p><p>Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&amp;P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.</p><p><blockquote>在过去的几个月里，投资者从昂贵的成长型股票中撤出，转而青睐周期性股票，许多高速增长的股票受到了打击。截至周五收盘，当标普500创下收盘历史新高时，该指数中的30只股票已较52周高点暴跌至少20%，其中大部分位于科技、医疗保健和通信板块。在大多数情况下，股票下跌是有充分理由的：它们的估值飙升，以至于股票的基本面不再合理。</blockquote></p><p>This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.</p><p><blockquote>ViacomCBS（股票代码：VIAC）和Discovery(DISCA)的情况似乎就是如此，这两家公司最近都推出了单独的流媒体服务。投资者对媒体公司雄心勃勃的订户目标和其他光明前景感到兴奋，从2020年3月到2021年3月，两家公司的股价都在上涨。</blockquote></p><p>However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.</p><p><blockquote>然而，随着这些股票的估值越来越高，愿意继续追逐它们的投资者越来越少，股价在今年3月下旬暴跌。然而，尽管最近股价下跌，维亚康姆和Discovery股价的估值（相对于12个月的预期收益）仍高于一年前，这表明还有进一步下跌的空间。</blockquote></p><p>Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.</p><p><blockquote>《巴伦周刊》的观点恰恰相反：遭受重创的股票，其估值现已跌破去年同期的水平，这表明反弹的机会更大。我们缩小了筛选范围，排除了2022年盈利预计低于2021年的公司——对于超前运行的股票来说，这是一个潜在的危险信号。</blockquote></p><p>This left us with 10 names that are good candidates to buy on the low.</p><p><blockquote>这给我们留下了10个适合低价买入的名字。</blockquote></p><p>Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.</p><p><blockquote>以Etsy(ETSY)为例：在线手工艺品市场在3月1日达到最近的峰值之前的12个月内飙升了316%，因为在大流行封锁期间，消费者和卖家都出现了激增。自2021年3月以来，该股已损失了三分之一的涨幅，此前该公司指出未来几年将出现稳健但不那么引人注目的增长。华尔街估计，Etsy在2021财年的每股收益将比一年前增长20%，然后在2022财年再增长22%。</blockquote></p><p>Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.</p><p><blockquote>同样，芯片制造商Advanced Micro Devices(AMD)的股价自1月份见顶以来也大幅下跌。今年4月，由于全球半导体短缺给芯片供应链带来巨大压力，AMD上调了全年指引。该公司目前预测，与2020年相比，收入将增长约50%，而盈利预计将增长66%。</blockquote></p><p>From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry &amp; Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.</p><p><blockquote>从估值角度来看，Etsy和AMD现在都比一年前更具吸引力。Penn National Gaming(PENN)、Citrix Systems(CTXS)、Vertex Pharmaceuticals(VRTX)、MarketAxess(MKTX)、Incyte(INCY)、IPG Photonics(IPGP)、Jack Henry&amp;Associates(JKHY)和DexCom(DXCM)四舍五入屏幕中包含的股票。</blockquote></p><p><b>Off the Peak</b></p><p><blockquote><b>非高峰</b></blockquote></p><p>These stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.</p><p><blockquote>这些股票已比52周高点下跌至少20%，与过去的估值相比，现在看起来更便宜。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fb3fbce4d8febe020f883a34736b9383\" tg-width=\"1080\" tg-height=\"1462\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: FactSet</i></p><p><blockquote><i>来源：FactSet</i></blockquote></p><p>Make no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.</p><p><blockquote>毫无疑问，其中一些股票在传统意义上的估值仍然相当昂贵。与自己的过去相比，它们看起来只是“便宜”——有些人可能会认为这是预测股票未来的更相关的方式。</blockquote></p><p>For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.</p><p><blockquote>例如，为糖尿病患者制造和销售连续血糖监测系统的DexCom的股价是其未来12个月预计收益的137倍。但如今的投资者不再只关注一家公司一年的前景。随着Dexcom产品的技术变得更加主流，该股有望在未来五年内实现指数级增长。华尔街分析师绝大多数看好Dexcom股票，平均目标价比今天的水平高出30%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/10-beaten-down-stocks-that-could-see-a-rebound-51620591318?mod=hp_LEAD_1\">Barron's</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":{"JKHY":"杰克亨利","MKTX":"MarketAxess Holdings","DXCM":"德康医疗","ETSY":"Etsy, Inc.","AMD":"美国超微公司","VRTX":"福泰制药","IPGP":"IPG光电","CTXS":"思杰系统","PENN":"佩恩国民博彩","INCY":"因塞特医疗"},"source_url":"https://www.barrons.com/articles/10-beaten-down-stocks-that-could-see-a-rebound-51620591318?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145776494","content_text":"Stocks have been rising in recent days, with the Dow Jones Industrial Average at its second-highest close on record on Monday, but not every company is hitting records.Over the past few months, investors have pulled back from expensive growth stocks to favor cyclical ones, with many high-flying growth names taking a hit. As of the close on Friday, when the S&P 500 scored a record closing high, 30 stocks in the index had plunged at least 20% below their 52-week highs, with most of these in the technology, healthcare, and communication sectors. In the majority of cases, the stocks fell for a good reason: Their valuations surged so much that they no longer were justified by the stocks’ fundamentals.This appears to be the case with ViacomCBS (ticker: VIAC) and Discovery (DISCA), both of which recently launched individual streaming services. Investors were excited by the media companies’ ambitious subscriber targets and other bright prospects—and shares of both companies were on a tear from March 2020 to March 2021.However, as the stocks’ valuations got loftier and fewer investors were willing to keep chasing them, share prices plunged in late March of this year. Yet even after despite the recent drop, Viacom and Discovery shares are trading at higher valuations—relative to 12-month forward earnings—than they were a year ago, suggesting further room to fall.Barron’s looked for the opposite: Beaten-down stocks whose valuations have now fallen below year-ago levels, which suggests a better chance for a rebound. We narrowed the screen by excluding companies whose 2022 earnings are expected to be lower than those for 2021—a potential red flag for stocks that are running ahead of themselves.This left us with 10 names that are good candidates to buy on the low.Consider Etsy (ETSY): The online handicrafts marketplace soared 316% in the 12 months prior to its recent peak on March 1, as it saw a surge in both consumers and sellers during the pandemic lockdowns. The stock has lost one-third of those gains since March 2021, after the company pointed to solid, but less dramatic growth in the coming years. Wall Street estimates that Etsy will increase its earnings per share by 20% in fiscal year 2021 from a year ago, and then another 22% in fiscal year 2022.Similarly, shares of chipmaker Advanced Micro Devices (AMD) have tumbled since peaking in January. In April, AMD increased its full-year guidance as a global shortage of semiconductors placed immense strain on the chip supply chain. The firm now forecasts revenue will grow roughly 50% compared with what it achieved in 2020, while earnings are expected to be 66% higher.From a valuation perspective, both Etsy and AMD are more attractive now than they were a year ago. Penn National Gaming (PENN), Citrix Systems (CTXS), Vertex Pharmaceuticals (VRTX), MarketAxess (MKTX), Incyte (INCY), IPG Photonics (IPGP), Jack Henry & Associates (JKHY), and DexCom (DXCM) round out the stocks included in the screen.Off the PeakThese stocks have plunged at least 20% below their 52-week highs, and now look cheaper compared to their past valuations.Source: FactSetMake no mistake, some of these stocks are still quite expensive in the traditional sense of valuation. They only look “cheap” as compared to their own past—which some might argue is a more relevant way to predict a stock’s future.For example, shares of DexCom, which manufactures and sells continuous glucose monitoring systems for diabetes patients, are priced at 137 times their estimated earnings in the next 12 months. But investors today no longer only focus on a company’s one-year prospects. The stock is well-positioned to see exponential growth in the next five years as the tech for Dexcom’s products becomes more mainstream. Wall Street analysts are overwhelmingly bullish on Dexcom stock and have an average target price 30% higher than today’s level.","news_type":1,"symbols_score_info":{"IPGP":0.9,"MKTX":0.9,"ETSY":0.9,"AMD":0.9,"INCY":0.9,"CTXS":0.9,"PENN":0.9,"DXCM":0.9,"VRTX":0.9,"JKHY":0.9}},"isVote":1,"tweetType":1,"viewCount":1835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342932402,"gmtCreate":1618148076106,"gmtModify":1631891867026,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342932402","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355568022,"gmtCreate":1617086481366,"gmtModify":1631891867049,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Oooooo","listText":"Oooooo","text":"Oooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355568022","repostId":"1155381272","repostType":4,"repost":{"id":"1155381272","kind":"news","pubTimestamp":1617084828,"share":"https://www.laohu8.com/m/news/1155381272?lang=zh_CN&edition=full","pubTime":"2021-03-30 14:13","market":"us","language":"en","title":"Apple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155381272","media":"Reuters","summary":"TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts tec","content":"<p>TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.</p><p><blockquote>台北（路透社）-台湾富士康是全球最大的电子产品合同制造商，其主要客户包括苹果等科技巨头。该公司周二公布的第四季度利润落后于市场预期。</blockquote></p><p> The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.</p><p><blockquote>这家台湾公司在一份声明中表示，10月至12月净利润为459.7亿新台币（16.1亿美元），同比下降4%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple supplier Foxconn fourth quarter profit misses estimates<blockquote>苹果供应商富士康第四季度利润未达预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-03-30 14:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.</p><p><blockquote>台北（路透社）-台湾富士康是全球最大的电子产品合同制造商，其主要客户包括苹果等科技巨头。该公司周二公布的第四季度利润落后于市场预期。</blockquote></p><p> The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.</p><p><blockquote>这家台湾公司在一份声明中表示，10月至12月净利润为459.7亿新台币（16.1亿美元），同比下降4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-foxconn-results/apple-supplier-foxconn-fourth-quarter-profit-misses-estimates-idUSKBN2BM0FY?il=0\">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":"https://static.tigerbbs.com/7adbe4b3d87090014bfae81cc541580d","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-foxconn-results/apple-supplier-foxconn-fourth-quarter-profit-misses-estimates-idUSKBN2BM0FY?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155381272","content_text":"TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.\nThe Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355195935,"gmtCreate":1617032973427,"gmtModify":1631891867068,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355195935","repostId":"1165495068","repostType":4,"isVote":1,"tweetType":1,"viewCount":1328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350577860,"gmtCreate":1616243311450,"gmtModify":1631891867082,"author":{"id":"3578039715565156","authorId":"3578039715565156","name":"Ashaliphant","avatar":"https://static.tigerbbs.com/a31fa041fdf8434c80ba7a87f80d7d28","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578039715565156","idStr":"3578039715565156"},"themes":[],"htmlText":"Woah","listText":"Woah","text":"Woah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350577860","repostId":"1103756496","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}