dw321的个人主页 - 老虎社区

dw321

dw321

暂无个人介绍

IP属地：未知

103关注

21粉丝

0主题

0勋章

2022-01-21

‌$Tiger Brokers(TIGR)$‌Wow keep dropping...is our fund & shares safe here?

2021-11-16

Noted

抱歉，原内容已删除

2021-10-20

Ok then

ARK’s Cathie Wood: Deflation's a bigger threat than inflation; here's how she's playing it<blockquote>ARK的Cathie Wood：通货紧缩比通货膨胀威胁更大；她是这样玩的</blockquote>

2021-10-20

Buy buy

10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>

2021-10-20

Noted and liked

抱歉，原内容已删除

2021-10-13

Noted

Apple plans Oct. 18 event where it's expected to focus on new MacBooks<blockquote>苹果计划于10月18日举办活动，预计将重点关注新款MacBook</blockquote>

2021-10-13

Noted

Tesla Stock: The Path To $2,500 By 2030<blockquote>特斯拉股票：到2030年将达到2,500美元</blockquote>

2021-10-11

Pfizer still preferred with wellknown waning effect?[Speechless]

抱歉，原内容已删除

2021-10-11

TSMC FTW

抱歉，原内容已删除

2021-10-11

Noted

抱歉，原内容已删除

2021-10-11

What?

Elon Musk vs. Charlie Ergen: Battle of the Billionaires Over Spectrum<blockquote>埃隆·马斯克与查理·埃尔根：亿万富翁的频谱之战</blockquote>

2021-10-06

Noted

抱歉，原内容已删除

2021-10-06

Where’s the crash

Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>

2021-10-05

Useless Facebook

抱歉，原内容已删除

2021-10-05

Short

Udemy files for U.S. IPO as remote learning shift drives revenue surge<blockquote>远程学习转变推动收入激增，Udemy申请美国IPO</blockquote>

2021-10-05

Top

抱歉，原内容已删除

2021-09-30

Noted

抱歉，原内容已删除

2021-09-30

Noted

抱歉，原内容已删除

2021-09-27

Noted

抱歉，原内容已删除

2021-09-27

Useless

Hands On The Wheel! Tesla Launches Full Self Driving Beta Request Button<blockquote>手放在方向盘上！特斯拉推出全自动驾驶测试版请求按钮</blockquote>

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3578904373237924","uuid":"3578904373237924","gmtCreate":1615810467717,"gmtModify":1618572465916,"name":"dw321","pinyin":"dw321","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":21,"headSize":103,"tweetSize":136,"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":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.10.24","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"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":"2022.08.01","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":3,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"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":"post","tweets":[{"id":630816333,"gmtCreate":1642771550948,"gmtModify":1642771838273,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"‌<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>‌Wow keep dropping...is our fund &amp; shares&nbsp;safe here?","listText":"‌<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>‌Wow keep dropping...is our fund &amp; shares&nbsp;safe here?","text":"‌$Tiger Brokers(TIGR)$‌Wow keep dropping...is our fund & shares safe here?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630816333","isVote":1,"tweetType":1,"viewCount":3542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871677078,"gmtCreate":1637070735832,"gmtModify":1637070844354,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/871677078","repostId":"2183076130","repostType":4,"isVote":1,"tweetType":1,"viewCount":3350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853035438,"gmtCreate":1634740919889,"gmtModify":1634741354205,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Ok then","listText":"Ok then","text":"Ok then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853035438","repostId":"1118967513","repostType":4,"repost":{"id":"1118967513","kind":"news","pubTimestamp":1634729717,"share":"https://www.laohu8.com/m/news/1118967513?lang=zh_CN&edition=full","pubTime":"2021-10-20 19:35","market":"us","language":"en","title":"ARK’s Cathie Wood: Deflation's a bigger threat than inflation; here's how she's playing it<blockquote>ARK的Cathie Wood：通货紧缩比通货膨胀威胁更大；她是这样玩的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118967513","media":"seekingalpha","summary":"ARK Invest chief Cathie Wood reiterated her views on Tuesday that deflation rather than inflation is","content":"<p>ARK Invest chief Cathie Wood reiterated her views on Tuesday that deflation rather than inflation is the biggest market threat, and that innovation companies like EV and fintech firms represent the best deflation hedge.</p><p><blockquote>ARK Invest首席执行官Cathie Wood周二重申了她的观点，即通货紧缩而不是通胀是最大的市场威胁，电动汽车和金融科技公司等创新公司代表了最佳的通货紧缩对冲工具。</blockquote></p><p> However, all six of ARK Invest's actively managed exchange traded funds underperformed the broad-based market indexes during Q3, according to figures the quarterly report included.</p><p><blockquote>然而，根据季度报告中包含的数据，ARK Invest的所有六只主动管理型交易所交易基金在第三季度的表现均逊于广泛的市场指数。</blockquote></p><p> The ETFs also have a split performance from a year-to-date viewpoint,&nbsp;with three being positive and three being negative through 2021's first nine months.</p><p><blockquote>从年初至今的角度来看，这些ETF的表现也各不相同，2021年前9个月有3只为正，3只为负。</blockquote></p><p> YTD price action on ARKs actively managed ETFs:</p><p><blockquote>ARKs主动管理型ETF年初至今的价格走势：</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>(NYSEARCA:ARKF):&nbsp;+7.34%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKF\">方舟金融科技创新ETF</a>（NYSEARCA：ARKF）：+7.34%。</blockquote></p><p> ARK Autonomous Technology &amp; Robotics ETF(BATS:ARKQ):&nbsp;+6.37%.</p><p><blockquote>ARK自主技术与机器人ETF（BATS：ARKQ）：+6.37%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>(NYSEARCA:ARKW):&nbsp;+3.48%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>（NYSEARCA：ARKW）：+3.48%。</blockquote></p><p> ARK Space Exploration ETF(BATS:ARKX):&nbsp;-1.55%.</p><p><blockquote>方舟太空探索ETF（BATS：ARKX）：-1.55%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(NYSEARCA:ARKK):&nbsp;-5.98%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>（NYSEARCA：ARKK）：-5.98%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a>(BATS:ARKG):&nbsp;-20.87%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKG\">方舟基因组革命多板块ETF</a>（蝙蝠：ARKG）：-20.87%。</blockquote></p><p> Daily price action: ARKK&nbsp;+2.28%, ARKQ&nbsp;+1.90%, ARKW&nbsp;+1.96%, ARKG&nbsp;+3.51%, ARKF&nbsp;+1.39%, and ARKX&nbsp;+1.38%.</p><p><blockquote>每日价格走势：ARKK+2.28%、ARKQ+1.90%、ARKW+1.96%、ARKG+3.51%、ARKF+1.39%和ARKX+1.38%。</blockquote></p><p> Below is a depiction of each fund’s momentum, expenses, dividends, risk, and asset-flows grades according to Seeking Alpha's proprietary quant ratings. For a&nbsp;more extensive analysis, you can see Seeking Alpha’s complete quantitative analysis here.</p><p><blockquote>以下是根据Seeking Alpha专有量化评级对每只基金的动量、费用、股息、风险和资产流量等级的描述。如需更广泛的分析，您可以在此处查看Seeking Alpha的完整定量分析。</blockquote></p><p> “In ARK’s view, inflation fears have been overblown and are likely to give way to the risks of deflation,\" Wood wrote in a commentary accompanying ARK’s latest&nbsp;quarterly report.</p><p><blockquote>伍德在方舟最新季度报告附带的评论中写道：“在方舟看来，通胀担忧被夸大了，很可能会让位于通缩风险。”</blockquote></p><p> She wrote that market participants are beginning to focus on inventories built up not at the organizational level, but rather at the consumer households’ level due in part to the COVID-19 crisis.</p><p><blockquote>她写道，市场参与者开始关注不是在组织层面建立的库存，而是在消费者家庭层面建立的库存，部分原因是COVID-19危机。</blockquote></p><p> “Once the household inventory accumulation is better understood, fears could shift from inflation to deflation and sluggish growth rates,\" Wood argued.</p><p><blockquote>伍德认为：“一旦人们更好地了解家庭库存积累，人们的担忧可能会从通胀转向通货紧缩和缓慢的增长率。”</blockquote></p><p> She predicted that nominal GDP growth will most likely be considerably lower than expected over the next five years.</p><p><blockquote>她预测，未来五年名义GDP增长很可能会大大低于预期。</blockquote></p><p> As such, Wood predicted that “scarce double-digit growth opportunities will be rewarded, and growth stocks in general and innovation-driven stocks in particular could be the prime beneficiaries.”</p><p><blockquote>因此，伍德预测，“稀缺的两位数增长机会将得到回报，一般成长型股票，尤其是创新驱动型股票可能是主要受益者。”</blockquote></p><p> The financier also echoed her previously disclosed stance that the two sectors that will be \"disrupted the most by innovation during the next five years [will be] energy and financial services.\"</p><p><blockquote>这位金融家还呼应了她之前披露的立场，即“未来五年受创新影响最大的两个行业将是能源和金融服务”。</blockquote></p><p> Wood said that's creating opportunities&nbsp;in autonomous electric vehicles and digital wallets/cryptocurrencies -- two areas where ARK funds have focused.</p><p><blockquote>伍德表示，这在自动驾驶电动汽车和数字钱包/加密货币领域创造了机会——这是方舟基金关注的两个领域。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4bdd912ee6992cc32db9c19f1edbfbe3\" tg-width=\"1194\" tg-height=\"267\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK’s Cathie Wood: Deflation's a bigger threat than inflation; here's how she's playing it<blockquote>ARK的Cathie Wood：通货紧缩比通货膨胀威胁更大；她是这样玩的</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\">\nARK’s Cathie Wood: Deflation's a bigger threat than inflation; here's how she's playing it<blockquote>ARK的Cathie Wood：通货紧缩比通货膨胀威胁更大；她是这样玩的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-10-20 19:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ARK Invest chief Cathie Wood reiterated her views on Tuesday that deflation rather than inflation is the biggest market threat, and that innovation companies like EV and fintech firms represent the best deflation hedge.</p><p><blockquote>ARK Invest首席执行官Cathie Wood周二重申了她的观点，即通货紧缩而不是通胀是最大的市场威胁，电动汽车和金融科技公司等创新公司代表了最佳的通货紧缩对冲工具。</blockquote></p><p> However, all six of ARK Invest's actively managed exchange traded funds underperformed the broad-based market indexes during Q3, according to figures the quarterly report included.</p><p><blockquote>然而，根据季度报告中包含的数据，ARK Invest的所有六只主动管理型交易所交易基金在第三季度的表现均逊于广泛的市场指数。</blockquote></p><p> The ETFs also have a split performance from a year-to-date viewpoint,&nbsp;with three being positive and three being negative through 2021's first nine months.</p><p><blockquote>从年初至今的角度来看，这些ETF的表现也各不相同，2021年前9个月有3只为正，3只为负。</blockquote></p><p> YTD price action on ARKs actively managed ETFs:</p><p><blockquote>ARKs主动管理型ETF年初至今的价格走势：</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>(NYSEARCA:ARKF):&nbsp;+7.34%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKF\">方舟金融科技创新ETF</a>（NYSEARCA：ARKF）：+7.34%。</blockquote></p><p> ARK Autonomous Technology &amp; Robotics ETF(BATS:ARKQ):&nbsp;+6.37%.</p><p><blockquote>ARK自主技术与机器人ETF（BATS：ARKQ）：+6.37%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>(NYSEARCA:ARKW):&nbsp;+3.48%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>（NYSEARCA：ARKW）：+3.48%。</blockquote></p><p> ARK Space Exploration ETF(BATS:ARKX):&nbsp;-1.55%.</p><p><blockquote>方舟太空探索ETF（BATS：ARKX）：-1.55%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(NYSEARCA:ARKK):&nbsp;-5.98%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>（NYSEARCA：ARKK）：-5.98%。</blockquote></p><p> <a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a>(BATS:ARKG):&nbsp;-20.87%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKG\">方舟基因组革命多板块ETF</a>（蝙蝠：ARKG）：-20.87%。</blockquote></p><p> Daily price action: ARKK&nbsp;+2.28%, ARKQ&nbsp;+1.90%, ARKW&nbsp;+1.96%, ARKG&nbsp;+3.51%, ARKF&nbsp;+1.39%, and ARKX&nbsp;+1.38%.</p><p><blockquote>每日价格走势：ARKK+2.28%、ARKQ+1.90%、ARKW+1.96%、ARKG+3.51%、ARKF+1.39%和ARKX+1.38%。</blockquote></p><p> Below is a depiction of each fund’s momentum, expenses, dividends, risk, and asset-flows grades according to Seeking Alpha's proprietary quant ratings. For a&nbsp;more extensive analysis, you can see Seeking Alpha’s complete quantitative analysis here.</p><p><blockquote>以下是根据Seeking Alpha专有量化评级对每只基金的动量、费用、股息、风险和资产流量等级的描述。如需更广泛的分析，您可以在此处查看Seeking Alpha的完整定量分析。</blockquote></p><p> “In ARK’s view, inflation fears have been overblown and are likely to give way to the risks of deflation,\" Wood wrote in a commentary accompanying ARK’s latest&nbsp;quarterly report.</p><p><blockquote>伍德在方舟最新季度报告附带的评论中写道：“在方舟看来，通胀担忧被夸大了，很可能会让位于通缩风险。”</blockquote></p><p> She wrote that market participants are beginning to focus on inventories built up not at the organizational level, but rather at the consumer households’ level due in part to the COVID-19 crisis.</p><p><blockquote>她写道，市场参与者开始关注不是在组织层面建立的库存，而是在消费者家庭层面建立的库存，部分原因是COVID-19危机。</blockquote></p><p> “Once the household inventory accumulation is better understood, fears could shift from inflation to deflation and sluggish growth rates,\" Wood argued.</p><p><blockquote>伍德认为：“一旦人们更好地了解家庭库存积累，人们的担忧可能会从通胀转向通货紧缩和缓慢的增长率。”</blockquote></p><p> She predicted that nominal GDP growth will most likely be considerably lower than expected over the next five years.</p><p><blockquote>她预测，未来五年名义GDP增长很可能会大大低于预期。</blockquote></p><p> As such, Wood predicted that “scarce double-digit growth opportunities will be rewarded, and growth stocks in general and innovation-driven stocks in particular could be the prime beneficiaries.”</p><p><blockquote>因此，伍德预测，“稀缺的两位数增长机会将得到回报，一般成长型股票，尤其是创新驱动型股票可能是主要受益者。”</blockquote></p><p> The financier also echoed her previously disclosed stance that the two sectors that will be \"disrupted the most by innovation during the next five years [will be] energy and financial services.\"</p><p><blockquote>这位金融家还呼应了她之前披露的立场，即“未来五年受创新影响最大的两个行业将是能源和金融服务”。</blockquote></p><p> Wood said that's creating opportunities&nbsp;in autonomous electric vehicles and digital wallets/cryptocurrencies -- two areas where ARK funds have focused.</p><p><blockquote>伍德表示，这在自动驾驶电动汽车和数字钱包/加密货币领域创造了机会——这是方舟基金关注的两个领域。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4bdd912ee6992cc32db9c19f1edbfbe3\" tg-width=\"1194\" tg-height=\"267\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3755139-arks-q3-report-in-arks-view-inflation-fears-have-been-overblown\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3755139-arks-q3-report-in-arks-view-inflation-fears-have-been-overblown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118967513","content_text":"ARK Invest chief Cathie Wood reiterated her views on Tuesday that deflation rather than inflation is the biggest market threat, and that innovation companies like EV and fintech firms represent the best deflation hedge.\nHowever, all six of ARK Invest's actively managed exchange traded funds underperformed the broad-based market indexes during Q3, according to figures the quarterly report included.\nThe ETFs also have a split performance from a year-to-date viewpoint, with three being positive and three being negative through 2021's first nine months.\nYTD price action on ARKs actively managed ETFs:\nARK Fintech Innovation ETF(NYSEARCA:ARKF): +7.34%.\nARK Autonomous Technology & Robotics ETF(BATS:ARKQ): +6.37%.\nARK Next Generation Internet ETF(NYSEARCA:ARKW): +3.48%.\nARK Space Exploration ETF(BATS:ARKX): -1.55%.\nARK Innovation ETF(NYSEARCA:ARKK): -5.98%.\nARK Genomic Revolution Multi-Sector ETF(BATS:ARKG): -20.87%.\nDaily price action: ARKK +2.28%, ARKQ +1.90%, ARKW +1.96%, ARKG +3.51%, ARKF +1.39%, and ARKX +1.38%.\nBelow is a depiction of each fund’s momentum, expenses, dividends, risk, and asset-flows grades according to Seeking Alpha's proprietary quant ratings. For a more extensive analysis, you can see Seeking Alpha’s complete quantitative analysis here.\n“In ARK’s view, inflation fears have been overblown and are likely to give way to the risks of deflation,\" Wood wrote in a commentary accompanying ARK’s latest quarterly report.\nShe wrote that market participants are beginning to focus on inventories built up not at the organizational level, but rather at the consumer households’ level due in part to the COVID-19 crisis.\n“Once the household inventory accumulation is better understood, fears could shift from inflation to deflation and sluggish growth rates,\" Wood argued.\nShe predicted that nominal GDP growth will most likely be considerably lower than expected over the next five years.\nAs such, Wood predicted that “scarce double-digit growth opportunities will be rewarded, and growth stocks in general and innovation-driven stocks in particular could be the prime beneficiaries.”\nThe financier also echoed her previously disclosed stance that the two sectors that will be \"disrupted the most by innovation during the next five years [will be] energy and financial services.\"\nWood said that's creating opportunities in autonomous electric vehicles and digital wallets/cryptocurrencies -- two areas where ARK funds have focused.","news_type":1,"symbols_score_info":{"ARKIU":0.9}},"isVote":1,"tweetType":1,"viewCount":2367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853035664,"gmtCreate":1634740891186,"gmtModify":1634741353171,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Buy buy","listText":"Buy buy","text":"Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853035664","repostId":"1139169809","repostType":4,"repost":{"id":"1139169809","kind":"news","pubTimestamp":1634730457,"share":"https://www.laohu8.com/m/news/1139169809?lang=zh_CN&edition=full","pubTime":"2021-10-20 19:47","market":"us","language":"en","title":"10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139169809","media":"Benzinga","summary":"Mizuho cut QUALCOMM Incorporated price target from $180 to $165. QUALCOMM shares fell 0.3% to $132.1","content":"<p><div> Mizuho cut QUALCOMM Incorporated price target from $180 to $165. QUALCOMM shares fell 0.3% to $132.13 in pre-market trading. Deutsche Bank raised the price target for Celanese Corporation from $175 to...</p><p><blockquote><div>瑞穗将高通公司目标价从180美元下调至165美元。高通股价在盘前交易中下跌0.3%，至132.13美元。德意志银行将塞拉尼斯公司的目标股价从175美元上调至...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-10-20 19:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Mizuho cut QUALCOMM Incorporated price target from $180 to $165. QUALCOMM shares fell 0.3% to $132.13 in pre-market trading. Deutsche Bank raised the price target for Celanese Corporation from $175 to...</p><p><blockquote><div>瑞穗将高通公司目标价从180美元下调至165美元。高通股价在盘前交易中下跌0.3%，至132.13美元。德意志银行将塞拉尼斯公司的目标股价从175美元上调至...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通"},"source_url":"https://www.benzinga.com/markets/penny-stocks/21/10/23458822/10-biggest-price-target-changes-for-wednesday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139169809","content_text":"Mizuho cut QUALCOMM Incorporated price target from $180 to $165. QUALCOMM shares fell 0.3% to $132.13 in pre-market trading.\nDeutsche Bank raised the price target for Celanese Corporation from $175 to $188. Celanese shares rose 0.4% to close at $164.61 on Tuesday.\nJP Morgan lowered Atea Pharmaceuticals, Inc. price target from $61 to $16. Atea Pharmaceuticals shares fell 1.9% to $13.56 in pre-market trading.\nNeedham cut the price target for Sage Therapeutics, Inc. from $84 to $79. Sage Therapeutics shares fell 8.6% to close at $40.29 on Tuesday.\nRaymond James boosted Chevron Corporation price target from $125 to $134. Chevron shares fell 0.1% to $111.59 in pre-market trading.\nMizuho cut the price target on Micron Technology, Inc. from $90 to $75. Micron shares fell 1.1% to $66.80 in pre-market trading.\nRBC Capital lifted the price target on Clearwater Paper Corporation from $32 to $50. Clearwater Paper shares fell 1% to close at $36.27 on Tuesday.\nMizuho cut Western Digital Corporation price target from $92 to $62. Western Digital shares fell 1.3% to $54.93 in pre-market trading.\nKeybanc raised the price target on Generac Holdings Inc. from $500 to $520. Generac Holdings shares fell 1.5% to close at $462.84 on Tuesday.\nStifel lifted W&T Offshore, Inc. price target from $5.1 to $6.9. W&T Offshore shares rose 1.5% to $4.13 in pre-market trading.","news_type":1,"symbols_score_info":{"QCOM":0.9}},"isVote":1,"tweetType":1,"viewCount":2440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853035189,"gmtCreate":1634740856015,"gmtModify":1634741352575,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted and liked","listText":"Noted and liked","text":"Noted and liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853035189","repostId":"2176870954","repostType":4,"isVote":1,"tweetType":1,"viewCount":2166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822830479,"gmtCreate":1634111792327,"gmtModify":1634111792493,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822830479","repostId":"1165543440","repostType":4,"repost":{"id":"1165543440","kind":"news","pubTimestamp":1634109677,"share":"https://www.laohu8.com/m/news/1165543440?lang=zh_CN&edition=full","pubTime":"2021-10-13 15:21","market":"us","language":"en","title":"Apple plans Oct. 18 event where it's expected to focus on new MacBooks<blockquote>苹果计划于10月18日举办活动，预计将重点关注新款MacBook</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165543440","media":"CNN Business","summary":"(CNN Business)Apple is gearing up for its second big product launch event of the fall.\nApple (AAPL) ","content":"<p>(CNN Business)Apple is gearing up for its second big product launch event of the fall.</p><p><blockquote>（CNN商业）苹果正在为秋季的第二次大型产品发布会做准备。</blockquote></p><p> Apple (AAPL) will host a virtual event on October 18, the company announced Tuesday. According to the Apple rumor mill, the company is likely to use the event to release an updated version of its high-end MacBook Pro laptop.</p><p><blockquote>苹果(AAPL)周二宣布，将于10月18日举办一场虚拟活动。据苹果传言，该公司可能会利用此次活动发布其高端MacBook Pro笔记本电脑的更新版本。</blockquote></p><p> The event features the tagline \"Unleashed,\" according to a tweet from Apple's SVP of marketing, Greg Joswiak. \"These next six days are going to speed by,\" Joswiak tweeted.</p><p><blockquote>根据苹果营销SVP Greg Joswiak的一条推文，该活动的口号是“释放”。乔斯维亚克在推特上写道：“接下来的六天将会很快过去。”</blockquote></p><p> The event comes barely a month after Apple unveiled a slew of new products, including&nbsp;four new iPhones, a new Apple Watch and new iPads.Apple has switched to its&nbsp;powerful in-house M1 silicon chips&nbsp;for its computer lineup, and the event name and artwork — which features a hyperspace version of Apple's logo — could be a nod to further speed and performance upgrades.</p><p><blockquote>就在一个月前，苹果推出了一系列新产品，包括四款新iPhone、一款新苹果手表和新iPad。苹果已将其计算机产品线改用其强大的内部M1硅芯片，活动名称和艺术品——以苹果标志的超空间版本为特色——可能是对速度和性能进一步升级的认可。</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 plans Oct. 18 event where it's expected to focus on new MacBooks<blockquote>苹果计划于10月18日举办活动，预计将重点关注新款MacBook</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 plans Oct. 18 event where it's expected to focus on new MacBooks<blockquote>苹果计划于10月18日举办活动，预计将重点关注新款MacBook</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-10-13 15:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(CNN Business)Apple is gearing up for its second big product launch event of the fall.</p><p><blockquote>（CNN商业）苹果正在为秋季的第二次大型产品发布会做准备。</blockquote></p><p> Apple (AAPL) will host a virtual event on October 18, the company announced Tuesday. According to the Apple rumor mill, the company is likely to use the event to release an updated version of its high-end MacBook Pro laptop.</p><p><blockquote>苹果(AAPL)周二宣布，将于10月18日举办一场虚拟活动。据苹果传言，该公司可能会利用此次活动发布其高端MacBook Pro笔记本电脑的更新版本。</blockquote></p><p> The event features the tagline \"Unleashed,\" according to a tweet from Apple's SVP of marketing, Greg Joswiak. \"These next six days are going to speed by,\" Joswiak tweeted.</p><p><blockquote>根据苹果营销SVP Greg Joswiak的一条推文，该活动的口号是“释放”。乔斯维亚克在推特上写道：“接下来的六天将会很快过去。”</blockquote></p><p> The event comes barely a month after Apple unveiled a slew of new products, including&nbsp;four new iPhones, a new Apple Watch and new iPads.Apple has switched to its&nbsp;powerful in-house M1 silicon chips&nbsp;for its computer lineup, and the event name and artwork — which features a hyperspace version of Apple's logo — could be a nod to further speed and performance upgrades.</p><p><blockquote>就在一个月前，苹果推出了一系列新产品，包括四款新iPhone、一款新苹果手表和新iPad。苹果已将其计算机产品线改用其强大的内部M1硅芯片，活动名称和艺术品——以苹果标志的超空间版本为特色——可能是对速度和性能进一步升级的认可。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/10/12/tech/apple-event-unleashed-october-18/index.html\">CNN Business</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://edition.cnn.com/2021/10/12/tech/apple-event-unleashed-october-18/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165543440","content_text":"(CNN Business)Apple is gearing up for its second big product launch event of the fall.\nApple (AAPL) will host a virtual event on October 18, the company announced Tuesday. According to the Apple rumor mill, the company is likely to use the event to release an updated version of its high-end MacBook Pro laptop.\nThe event features the tagline \"Unleashed,\" according to a tweet from Apple's SVP of marketing, Greg Joswiak. \"These next six days are going to speed by,\" Joswiak tweeted.\nThe event comes barely a month after Apple unveiled a slew of new products, including four new iPhones, a new Apple Watch and new iPads.Apple has switched to its powerful in-house M1 silicon chips for its computer lineup, and the event name and artwork — which features a hyperspace version of Apple's logo — could be a nod to further speed and performance upgrades.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826778370,"gmtCreate":1634072139644,"gmtModify":1634072139976,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826778370","repostId":"1188785088","repostType":4,"repost":{"id":"1188785088","kind":"news","pubTimestamp":1634052465,"share":"https://www.laohu8.com/m/news/1188785088?lang=zh_CN&edition=full","pubTime":"2021-10-12 23:27","market":"us","language":"en","title":"Tesla Stock: The Path To $2,500 By 2030<blockquote>特斯拉股票：到2030年将达到2,500美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188785088","media":"Seeking Alpha","summary":"Summary\n\nTesla experienced explosive gains last year.\nThis year, the stock has struggled, but the co","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Tesla experienced explosive gains last year.</li>  <li>This year, the stock has struggled, but the company is on the right track.</li>  <li>Better-than-anticipated production and deliveries data suggests the stock can push higher into year-end.</li>  <li>I suspect Tesla has more upside, and the stock could hit $2,500 in future years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/207deb1c8eb2af0f4c49abcb18226dd4\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Spencer Platt/Getty Images News</span></p><p><blockquote><ul><li>特斯拉去年经历了爆炸性的增长。</li><li>今年，该股表现不佳，但该公司正走在正确的轨道上。</li><li>好于预期的生产和交付数据表明该股可能会在年底前走高。</li><li>我怀疑特斯拉还有更大的上涨空间，该股未来几年可能会触及2,500美元。</li></ul><p class=\"t-img-caption\"><span>斯宾塞·普拉特/盖蒂图片社新闻</span></p></blockquote></p><p> I've been a Tesla(NASDAQ:TSLA)bull for a long time now. It's hard to believe, but the first time I purchased Tesla's stock was eight years ago when the share price was around a split-adjusted $30. Now, roughly 2,500% higher, I am still long Tesla and I think there is more upside in this stock. Tesla remains the leader in the ultra-lucrative EV space. The company arguably has the best products, powered by the most advanced technologies.</p><p><blockquote>我长期以来一直看好特斯拉（纳斯达克：TSLA）。很难相信，我第一次购买特斯拉的股票是在八年前，当时股价约为分拆调整后的30美元。现在，大约上涨了2,500%，我仍然做多特斯拉，我认为这只股票还有更大的上涨空间。特斯拉仍然是利润丰厚的电动汽车领域的领导者。该公司可以说拥有最好的产品，由最先进的技术驱动。</blockquote></p><p> Additionally, Tesla has a unique set of competitive advantages that the company utilizes to stay ahead of its competition year after year. Tesla just put up stellar delivery and production numbers, will likely surpass analysts' expectations this quarter, and the company has enormous revenue and EPS growth potential as we advance. While we will not see Tesla shares gain another 2,500% from here any time soon, the stock can probably hit $1,000 by year-end or early next year. Moreover, Tesla shares could climb substantially higher over the next several years as well.</p><p><blockquote>此外，特斯拉拥有一系列独特的竞争优势，该公司利用这些优势年复一年地在竞争中保持领先地位。特斯拉刚刚公布了出色的交付和生产数据，本季度可能会超出分析师的预期，随着我们的发展，该公司拥有巨大的收入和每股收益增长潜力。虽然我们不会看到特斯拉股价很快再上涨2,500%，但到年底或明年初，该股可能会触及1,000美元。此外，特斯拉股价在未来几年也可能大幅攀升。</blockquote></p><p> <b>Technical Setup</b></p><p><blockquote><b>技术设置</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabe94c8ac775d6a4113df03ad66ffdb\" tg-width=\"640\" tg-height=\"676\" width=\"100%\" height=\"auto\"><span>Source: Stockcharts.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Stockcharts.com</span></p></blockquote></p><p> Tesla had a stellar run-up in 2020 and into year-end last year. Then the stock experienced a significant correction of around 40% down to the $550 level. After this giant pullback, Tesla shares came back for a successful retest of the $550 level. Since then, the stock has been in a steady, concise, upward channel. The current move higher should continue until the bullish trend breaks. However, the bullish trend is robust and could power Tesla shares to $1,000 by the end of this year. Moreover, the company has numerous favorable fundamental factors to go along with the constructive technical setup right now.</p><p><blockquote>特斯拉在2020年和去年年底取得了出色的增长。随后该股经历了约40%的大幅回调，跌至550美元的水平。在这次大幅回调之后，特斯拉股价卷土重来，成功重新测试550美元水平。此后，该股一直处于稳定、简洁的上升通道中。目前的上涨应该会持续到看涨趋势被打破。然而，看涨趋势强劲，可能会推动特斯拉股价在今年年底前升至1,000美元。此外，该公司目前拥有许多有利的基本面因素来配合建设性的技术设置。</blockquote></p><p> <b>Competitive Edge</b></p><p><blockquote><b>竞争优势</b></blockquote></p><p> Tesla continues to enjoy a multifaceted competitive advantage relative to its peers. Its approach to marketing, sales, software development, battery production, supercharging, design, development, and production provides Tesla with a significant edge relative to its competitors. Tesla designs and delivers everything from scratch, and the company remains ever focused on staying ahead of the curve innovation-wise in the EV space. However, most traditional automakers are still mainly focused on ICE vehicles and are still pivoting towards EVs. The bottom line is that the EV market is continuously gaining share over the conventional ICE market, and Tesla is the clear leader when it comes to EVs.</p><p><blockquote>相对于同行，特斯拉继续享有多方面的竞争优势。其营销、销售、软件开发、电池生产、增压、设计、开发和生产方法使特斯拉相对于竞争对手具有显着优势。特斯拉从头开始设计和交付一切，该公司始终专注于在电动汽车领域的创新方面保持领先地位。然而，大多数传统汽车制造商仍然主要专注于内燃机汽车，并且仍在转向电动汽车。最重要的是，电动汽车市场正在不断获得传统内燃机市场的份额，而特斯拉在电动汽车方面显然是领导者。</blockquote></p><p> <b>Global EV Market Share First Half of 2021</b></p><p><blockquote><b>2021年上半年全球电动汽车市场份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/460efe2072a471a917fc24f40e742d6e\" tg-width=\"640\" tg-height=\"497\" width=\"100%\" height=\"auto\"><span>Source: statista.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：statista.com</span></p></blockquote></p><p> <b>Deliveries Surge</b></p><p><blockquote><b>交付量激增</b></blockquote></p><p> Tesla just announced another record deliveries quarter of&nbsp;241,300 vehiclesin Q3, a&nbsp;20% increase&nbsp;over the last quarter and a remarkable&nbsp;73% YoY surge. Tesla delivered a total of 9,275 Model S/X vehicles along with 232,025 mainstream Model 3/Y cars. Now, if we adjust for lease vehicles, we arrive at about 7,420 Model S/X vehicle sales and roughly 218,104 Model 3/Y vehicles sold in the third quarter.</p><p><blockquote>特斯拉刚刚宣布第三季度交付量再创新高，达到241,300辆，比上一季度增长20%，同比大幅增长73%。特斯拉总共交付了9,275辆Model S/X汽车以及232,025辆主流Model 3/Y汽车。现在，如果我们对租赁车辆进行调整，我们得出第三季度Model S/X汽车销量约为7,420辆，Model 3/Y汽车销量约为218,104辆。</blockquote></p><p> Last quarter (Q2 2021), Tesla sold (leases excluded) a total of about 187,163 vehicles for&nbsp;$9.874 billion. This sales image suggests that the average selling price (\"ASP\") across all vehicles was roughly $53K. Tesla sold approximately 1,550 Model S/X vehicles in Q2. Thus, if we approximate an ASP of $100,000 - $110,000 for Model S/X vehicle sales, we are left with about $52,000 for the Model 3/Y segment.</p><p><blockquote>上个季度（2021年第二季度），特斯拉总共售出（不包括租赁）约187,163辆汽车，价值98.74亿美元。这张销售图片表明，所有车辆的平均售价(“ASP”)约为5.3万美元。特斯拉在Q2销售了约1550辆Model S/X汽车。因此，如果我们估计Model S/X车辆销售的平均售价为100,000-110,000美元，那么Model 3/Y细分市场的平均售价约为52,000美元。</blockquote></p><p> Therefore, to get an approximate number for Tesla vehicle sales in Q3, we can use an ASP of $105,000 for the 7,420 Model S/X vehicles sold in the quarter, and we can use the $52,000 ASP for the 218,104 Model 3/Y cars delivered in Q3. This estimate gives us an approximate $800 million in Model S/X sales and $11.34 billion in Model 3/Y sales.</p><p><blockquote>因此，要获得第三季度特斯拉汽车销量的大致数字，我们可以对该季度售出的7,420辆Model S/X汽车使用105,000美元的ASP，对218,104辆Model 3/Y汽车使用52,000美元的ASP在第三季度交付。根据这一估计，Model S/X的销售额约为8亿美元，Model 3/Y的销售额约为113.4亿美元。</blockquote></p><p> <b>Q3 Earnings Outlook</b></p><p><blockquote><b>第三季度盈利展望</b></blockquote></p><p> <b>Analysts Estimates:</b></p><p><blockquote><b>分析师估计：</b></blockquote></p><p></p><p> Last quarter, Tesla delivered&nbsp;$1.45 in EPS, beating consensus analysts' forecasts by about $0.47 or 48%. The company announced revenues of $11.96 billion, beating estimates by $559.33 million simultaneously. Now for Q3, consensus estimates are for EPS of $1.47 and revenues of $13.49 billion. However, I think Tesla will beat these figures as well.</p><p><blockquote>上季度，特斯拉的每股收益为1.45美元，比分析师普遍预期高出约0.47美元，即48%。该公司宣布营收为119.6亿美元，同时超出预期5.5933亿美元。目前，第三季度的普遍预期是每股收益为1.47美元，营收为134.9亿美元。然而，我认为特斯拉也会超过这些数字。</blockquote></p><p> <b>My Estimates:</b></p><p><blockquote><b>我的估计：</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49202e7907ab71b56fdc7a9bd908431d\" tg-width=\"640\" tg-height=\"975\" width=\"100%\" height=\"auto\"><span>Source: Author's Material</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者材料</span></p></blockquote></p><p> Instead of the $13.49 billion revenues figure, I am looking for $14.74 billion in revenues, about a 9% increase over consensus expectations. Moreover, I think we can see about $1.85 in non-GAAP EPS out of Tesla in Q3, roughly 26% better than the current consensus figures imply. If Tesla makes good on its notably better-than-expected Q3 results, the stock will have a strong catalyst for a rally into year-end.</p><p><blockquote>我预计的收入不是134.9亿美元，而是147.4亿美元，比普遍预期增长约9%。此外，我认为我们可以看到特斯拉第三季度的非GAAP每股收益约为1.85美元，比当前共识数据高出约26%。如果特斯拉实现明显好于预期的第三季度业绩，该股将成为年底反弹的强大催化剂。</blockquote></p><p> <b>Bright Future Ahead for Tesla</b></p><p><blockquote><b>特斯拉前途光明</b></blockquote></p><p> Estimates are moving up for Tesla. There have been&nbsp;26 upward revisions&nbsp;relative to just one downward (FY2021) revision over the last 90 days. Still, estimates could continue to move higher.</p><p><blockquote>对特斯拉的估计正在上升。在过去90天内，有26次上调，而只有一次下调（2021财年）。尽管如此，预期可能会继续走高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bda469abb83b22a2a4505ae8d0373158\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> First, I want to draw your attention to the number of beats in recent quarters. Sure, Tesla's earnings remain somewhat volatile, but it's difficult to deny the better-than-anticipated earnings growth of late. Consensus estimates were for $3.61 in EPS for the last four quarters. Yet, the company's actual EPS numbers came in at $3.94, an average beat of around 9% over consensus estimates. We already see estimates that are substantial increases on a YoY basis, but I think that results can continue to come in stronger than anticipated (by about 10-20%) as we advance.</p><p><blockquote>首先，我想提请您注意最近几个季度的节拍数量。当然，特斯拉的盈利仍然有些波动，但很难否认最近好于预期的盈利增长。市场普遍预期过去四个季度的每股收益为3.61美元。然而，该公司的实际每股收益为3.94美元，平均比市场普遍预期高出9%左右。我们已经看到了同比大幅增长的估计，但我认为随着我们的进展，结果可能会继续强于预期（约10-20%）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8eb9918909984b4de589a4266c10f2a5\" tg-width=\"640\" tg-height=\"282\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3215da27370b6e97c23883ece163f6b\" tg-width=\"640\" tg-height=\"279\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> We see expectations for significant EPS and revenue gains in future years for Tesla. While the stock may seem relatively expensive right now, shares should become increasingly less costly as EPS surge in coming years.</p><p><blockquote>我们预计特斯拉未来几年的每股收益和收入将大幅增长。虽然该股目前看起来相对昂贵，但随着未来几年每股收益的飙升，该股的成本应该会越来越低。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4392b7b8eeb3a6fc412f6cd79fe9e44e\" tg-width=\"640\" tg-height=\"330\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> Here is what Tesla's EPS, P/E ratio, and share price could look like in future years.</p><p><blockquote>以下是特斯拉未来几年的每股收益、市盈率和股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9e110af6b9747752c5a540bdb00c5a4\" tg-width=\"905\" tg-height=\"382\" width=\"100%\" height=\"auto\"><span>Source: Author's Material</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者材料</span></p></blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Tesla's steady and robust EPS growth trend should continue, and I expect the company's share price could reach $2,500 or higher by the end of the decade. Now, some market participants could argue that these stock price projections are optimistic. However, I think that these projections may be relatively modest. First, the company could deliver higher EPS than I anticipate in future years, and second, Tesla's P/E ratio could remain elevated for longer.</p><p><blockquote>特斯拉稳定强劲的每股收益增长趋势应该会持续下去，我预计到本世纪末该公司的股价可能会达到2,500美元或更高。现在，一些市场参与者可能会认为这些股价预测是乐观的。然而，我认为这些预测可能相对温和。首先，该公司未来几年的每股收益可能会高于我的预期，其次，特斯拉的市盈率可能会在更长时间内保持较高水平。</blockquote></p><p> Due to Tesla's unique growth dynamic, the only company that can compare to Tesla is Amazon(NASDAQ:AMZN), in my view. Amazon's current valuation is what a more mature Tesla valuation could become. Incidentally, Amazon currently trades at about 58 times EPS, exactly where I have my 2029 Tesla P/E ratio pegged. Also, the projected stock price appreciation is only 220% from current levels, which is relatively modest if we consider the number of years.</p><p><blockquote>由于特斯拉独特的增长动力，在我看来，唯一可以与特斯拉相比的公司是亚马逊（纳斯达克：AMZN）。亚马逊目前的估值是更成熟的特斯拉估值可能达到的水平。顺便说一句，亚马逊目前的市盈率约为58倍，这正是我对2029年特斯拉市盈率的预期。此外，预计股价较当前水平仅上涨220%，如果考虑年数，这一涨幅相对较小。</blockquote></p><p> <b>Risks to Tesla's $2,500 Price Target</b></p><p><blockquote><b>特斯拉2,500美元目标价面临风险</b></blockquote></p><p> Of course, when you are talking about Tesla, there are risks to consider. While I estimate that the company can earn close to $50 per share by 2030, the company is very far from such figures right now. Therefore, there is the risk that Tesla will not illustrate the kind of earnings growth I envision. A slowdown in demand, increased competition, supply issues, decreased growth, and other variables are all risks we should consider before betting on Tesla to increase EPS nearly tenfold by 2030. Serious concerns could cause Tesla's valuation to lose altitude, and the company's share price could even head in reverse if any serious issues should arise. Therefore, I believe one should consider the risks carefully before committing any capital to a Tesla investment.</p><p><blockquote>当然，当你谈论特斯拉时，有风险需要考虑。虽然我估计到2030年该公司每股收益可接近50美元，但该公司目前距离这样的数字还很远。因此，特斯拉存在无法实现我所设想的盈利增长的风险。需求放缓、竞争加剧、供应问题、增长下降和其他变量都是我们在押注特斯拉到2030年每股收益增长近十倍之前应该考虑的风险。严重的担忧可能会导致特斯拉的估值下降，如果出现任何严重问题，该公司的股价甚至可能出现逆转。因此，我认为在投入任何资金进行特斯拉投资之前，应该仔细考虑风险。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock: The Path To $2,500 By 2030<blockquote>特斯拉股票：到2030年将达到2,500美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock: The Path To $2,500 By 2030<blockquote>特斯拉股票：到2030年将达到2,500美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-12 23:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Tesla experienced explosive gains last year.</li>  <li>This year, the stock has struggled, but the company is on the right track.</li>  <li>Better-than-anticipated production and deliveries data suggests the stock can push higher into year-end.</li>  <li>I suspect Tesla has more upside, and the stock could hit $2,500 in future years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/207deb1c8eb2af0f4c49abcb18226dd4\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Spencer Platt/Getty Images News</span></p><p><blockquote><ul><li>特斯拉去年经历了爆炸性的增长。</li><li>今年，该股表现不佳，但该公司正走在正确的轨道上。</li><li>好于预期的生产和交付数据表明该股可能会在年底前走高。</li><li>我怀疑特斯拉还有更大的上涨空间，该股未来几年可能会触及2,500美元。</li></ul><p class=\"t-img-caption\"><span>斯宾塞·普拉特/盖蒂图片社新闻</span></p></blockquote></p><p> I've been a Tesla(NASDAQ:TSLA)bull for a long time now. It's hard to believe, but the first time I purchased Tesla's stock was eight years ago when the share price was around a split-adjusted $30. Now, roughly 2,500% higher, I am still long Tesla and I think there is more upside in this stock. Tesla remains the leader in the ultra-lucrative EV space. The company arguably has the best products, powered by the most advanced technologies.</p><p><blockquote>我长期以来一直看好特斯拉（纳斯达克：TSLA）。很难相信，我第一次购买特斯拉的股票是在八年前，当时股价约为分拆调整后的30美元。现在，大约上涨了2,500%，我仍然做多特斯拉，我认为这只股票还有更大的上涨空间。特斯拉仍然是利润丰厚的电动汽车领域的领导者。该公司可以说拥有最好的产品，由最先进的技术驱动。</blockquote></p><p> Additionally, Tesla has a unique set of competitive advantages that the company utilizes to stay ahead of its competition year after year. Tesla just put up stellar delivery and production numbers, will likely surpass analysts' expectations this quarter, and the company has enormous revenue and EPS growth potential as we advance. While we will not see Tesla shares gain another 2,500% from here any time soon, the stock can probably hit $1,000 by year-end or early next year. Moreover, Tesla shares could climb substantially higher over the next several years as well.</p><p><blockquote>此外，特斯拉拥有一系列独特的竞争优势，该公司利用这些优势年复一年地在竞争中保持领先地位。特斯拉刚刚公布了出色的交付和生产数据，本季度可能会超出分析师的预期，随着我们的发展，该公司拥有巨大的收入和每股收益增长潜力。虽然我们不会看到特斯拉股价很快再上涨2,500%，但到年底或明年初，该股可能会触及1,000美元。此外，特斯拉股价在未来几年也可能大幅攀升。</blockquote></p><p> <b>Technical Setup</b></p><p><blockquote><b>技术设置</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabe94c8ac775d6a4113df03ad66ffdb\" tg-width=\"640\" tg-height=\"676\" width=\"100%\" height=\"auto\"><span>Source: Stockcharts.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Stockcharts.com</span></p></blockquote></p><p> Tesla had a stellar run-up in 2020 and into year-end last year. Then the stock experienced a significant correction of around 40% down to the $550 level. After this giant pullback, Tesla shares came back for a successful retest of the $550 level. Since then, the stock has been in a steady, concise, upward channel. The current move higher should continue until the bullish trend breaks. However, the bullish trend is robust and could power Tesla shares to $1,000 by the end of this year. Moreover, the company has numerous favorable fundamental factors to go along with the constructive technical setup right now.</p><p><blockquote>特斯拉在2020年和去年年底取得了出色的增长。随后该股经历了约40%的大幅回调，跌至550美元的水平。在这次大幅回调之后，特斯拉股价卷土重来，成功重新测试550美元水平。此后，该股一直处于稳定、简洁的上升通道中。目前的上涨应该会持续到看涨趋势被打破。然而，看涨趋势强劲，可能会推动特斯拉股价在今年年底前升至1,000美元。此外，该公司目前拥有许多有利的基本面因素来配合建设性的技术设置。</blockquote></p><p> <b>Competitive Edge</b></p><p><blockquote><b>竞争优势</b></blockquote></p><p> Tesla continues to enjoy a multifaceted competitive advantage relative to its peers. Its approach to marketing, sales, software development, battery production, supercharging, design, development, and production provides Tesla with a significant edge relative to its competitors. Tesla designs and delivers everything from scratch, and the company remains ever focused on staying ahead of the curve innovation-wise in the EV space. However, most traditional automakers are still mainly focused on ICE vehicles and are still pivoting towards EVs. The bottom line is that the EV market is continuously gaining share over the conventional ICE market, and Tesla is the clear leader when it comes to EVs.</p><p><blockquote>相对于同行，特斯拉继续享有多方面的竞争优势。其营销、销售、软件开发、电池生产、增压、设计、开发和生产方法使特斯拉相对于竞争对手具有显着优势。特斯拉从头开始设计和交付一切，该公司始终专注于在电动汽车领域的创新方面保持领先地位。然而，大多数传统汽车制造商仍然主要专注于内燃机汽车，并且仍在转向电动汽车。最重要的是，电动汽车市场正在不断获得传统内燃机市场的份额，而特斯拉在电动汽车方面显然是领导者。</blockquote></p><p> <b>Global EV Market Share First Half of 2021</b></p><p><blockquote><b>2021年上半年全球电动汽车市场份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/460efe2072a471a917fc24f40e742d6e\" tg-width=\"640\" tg-height=\"497\" width=\"100%\" height=\"auto\"><span>Source: statista.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：statista.com</span></p></blockquote></p><p> <b>Deliveries Surge</b></p><p><blockquote><b>交付量激增</b></blockquote></p><p> Tesla just announced another record deliveries quarter of&nbsp;241,300 vehiclesin Q3, a&nbsp;20% increase&nbsp;over the last quarter and a remarkable&nbsp;73% YoY surge. Tesla delivered a total of 9,275 Model S/X vehicles along with 232,025 mainstream Model 3/Y cars. Now, if we adjust for lease vehicles, we arrive at about 7,420 Model S/X vehicle sales and roughly 218,104 Model 3/Y vehicles sold in the third quarter.</p><p><blockquote>特斯拉刚刚宣布第三季度交付量再创新高，达到241,300辆，比上一季度增长20%，同比大幅增长73%。特斯拉总共交付了9,275辆Model S/X汽车以及232,025辆主流Model 3/Y汽车。现在，如果我们对租赁车辆进行调整，我们得出第三季度Model S/X汽车销量约为7,420辆，Model 3/Y汽车销量约为218,104辆。</blockquote></p><p> Last quarter (Q2 2021), Tesla sold (leases excluded) a total of about 187,163 vehicles for&nbsp;$9.874 billion. This sales image suggests that the average selling price (\"ASP\") across all vehicles was roughly $53K. Tesla sold approximately 1,550 Model S/X vehicles in Q2. Thus, if we approximate an ASP of $100,000 - $110,000 for Model S/X vehicle sales, we are left with about $52,000 for the Model 3/Y segment.</p><p><blockquote>上个季度（2021年第二季度），特斯拉总共售出（不包括租赁）约187,163辆汽车，价值98.74亿美元。这张销售图片表明，所有车辆的平均售价(“ASP”)约为5.3万美元。特斯拉在Q2销售了约1550辆Model S/X汽车。因此，如果我们估计Model S/X车辆销售的平均售价为100,000-110,000美元，那么Model 3/Y细分市场的平均售价约为52,000美元。</blockquote></p><p> Therefore, to get an approximate number for Tesla vehicle sales in Q3, we can use an ASP of $105,000 for the 7,420 Model S/X vehicles sold in the quarter, and we can use the $52,000 ASP for the 218,104 Model 3/Y cars delivered in Q3. This estimate gives us an approximate $800 million in Model S/X sales and $11.34 billion in Model 3/Y sales.</p><p><blockquote>因此，要获得第三季度特斯拉汽车销量的大致数字，我们可以对该季度售出的7,420辆Model S/X汽车使用105,000美元的ASP，对218,104辆Model 3/Y汽车使用52,000美元的ASP在第三季度交付。根据这一估计，Model S/X的销售额约为8亿美元，Model 3/Y的销售额约为113.4亿美元。</blockquote></p><p> <b>Q3 Earnings Outlook</b></p><p><blockquote><b>第三季度盈利展望</b></blockquote></p><p> <b>Analysts Estimates:</b></p><p><blockquote><b>分析师估计：</b></blockquote></p><p></p><p> Last quarter, Tesla delivered&nbsp;$1.45 in EPS, beating consensus analysts' forecasts by about $0.47 or 48%. The company announced revenues of $11.96 billion, beating estimates by $559.33 million simultaneously. Now for Q3, consensus estimates are for EPS of $1.47 and revenues of $13.49 billion. However, I think Tesla will beat these figures as well.</p><p><blockquote>上季度，特斯拉的每股收益为1.45美元，比分析师普遍预期高出约0.47美元，即48%。该公司宣布营收为119.6亿美元，同时超出预期5.5933亿美元。目前，第三季度的普遍预期是每股收益为1.47美元，营收为134.9亿美元。然而，我认为特斯拉也会超过这些数字。</blockquote></p><p> <b>My Estimates:</b></p><p><blockquote><b>我的估计：</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49202e7907ab71b56fdc7a9bd908431d\" tg-width=\"640\" tg-height=\"975\" width=\"100%\" height=\"auto\"><span>Source: Author's Material</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者材料</span></p></blockquote></p><p> Instead of the $13.49 billion revenues figure, I am looking for $14.74 billion in revenues, about a 9% increase over consensus expectations. Moreover, I think we can see about $1.85 in non-GAAP EPS out of Tesla in Q3, roughly 26% better than the current consensus figures imply. If Tesla makes good on its notably better-than-expected Q3 results, the stock will have a strong catalyst for a rally into year-end.</p><p><blockquote>我预计的收入不是134.9亿美元，而是147.4亿美元，比普遍预期增长约9%。此外，我认为我们可以看到特斯拉第三季度的非GAAP每股收益约为1.85美元，比当前共识数据高出约26%。如果特斯拉实现明显好于预期的第三季度业绩，该股将成为年底反弹的强大催化剂。</blockquote></p><p> <b>Bright Future Ahead for Tesla</b></p><p><blockquote><b>特斯拉前途光明</b></blockquote></p><p> Estimates are moving up for Tesla. There have been&nbsp;26 upward revisions&nbsp;relative to just one downward (FY2021) revision over the last 90 days. Still, estimates could continue to move higher.</p><p><blockquote>对特斯拉的估计正在上升。在过去90天内，有26次上调，而只有一次下调（2021财年）。尽管如此，预期可能会继续走高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bda469abb83b22a2a4505ae8d0373158\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> First, I want to draw your attention to the number of beats in recent quarters. Sure, Tesla's earnings remain somewhat volatile, but it's difficult to deny the better-than-anticipated earnings growth of late. Consensus estimates were for $3.61 in EPS for the last four quarters. Yet, the company's actual EPS numbers came in at $3.94, an average beat of around 9% over consensus estimates. We already see estimates that are substantial increases on a YoY basis, but I think that results can continue to come in stronger than anticipated (by about 10-20%) as we advance.</p><p><blockquote>首先，我想提请您注意最近几个季度的节拍数量。当然，特斯拉的盈利仍然有些波动，但很难否认最近好于预期的盈利增长。市场普遍预期过去四个季度的每股收益为3.61美元。然而，该公司的实际每股收益为3.94美元，平均比市场普遍预期高出9%左右。我们已经看到了同比大幅增长的估计，但我认为随着我们的进展，结果可能会继续强于预期（约10-20%）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8eb9918909984b4de589a4266c10f2a5\" tg-width=\"640\" tg-height=\"282\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3215da27370b6e97c23883ece163f6b\" tg-width=\"640\" tg-height=\"279\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> We see expectations for significant EPS and revenue gains in future years for Tesla. While the stock may seem relatively expensive right now, shares should become increasingly less costly as EPS surge in coming years.</p><p><blockquote>我们预计特斯拉未来几年的每股收益和收入将大幅增长。虽然该股目前看起来相对昂贵，但随着未来几年每股收益的飙升，该股的成本应该会越来越低。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4392b7b8eeb3a6fc412f6cd79fe9e44e\" tg-width=\"640\" tg-height=\"330\" width=\"100%\" height=\"auto\"><span>Source: seekingalpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：seekingalpha.com</span></p></blockquote></p><p> Here is what Tesla's EPS, P/E ratio, and share price could look like in future years.</p><p><blockquote>以下是特斯拉未来几年的每股收益、市盈率和股价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9e110af6b9747752c5a540bdb00c5a4\" tg-width=\"905\" tg-height=\"382\" width=\"100%\" height=\"auto\"><span>Source: Author's Material</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者材料</span></p></blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Tesla's steady and robust EPS growth trend should continue, and I expect the company's share price could reach $2,500 or higher by the end of the decade. Now, some market participants could argue that these stock price projections are optimistic. However, I think that these projections may be relatively modest. First, the company could deliver higher EPS than I anticipate in future years, and second, Tesla's P/E ratio could remain elevated for longer.</p><p><blockquote>特斯拉稳定强劲的每股收益增长趋势应该会持续下去，我预计到本世纪末该公司的股价可能会达到2,500美元或更高。现在，一些市场参与者可能会认为这些股价预测是乐观的。然而，我认为这些预测可能相对温和。首先，该公司未来几年的每股收益可能会高于我的预期，其次，特斯拉的市盈率可能会在更长时间内保持较高水平。</blockquote></p><p> Due to Tesla's unique growth dynamic, the only company that can compare to Tesla is Amazon(NASDAQ:AMZN), in my view. Amazon's current valuation is what a more mature Tesla valuation could become. Incidentally, Amazon currently trades at about 58 times EPS, exactly where I have my 2029 Tesla P/E ratio pegged. Also, the projected stock price appreciation is only 220% from current levels, which is relatively modest if we consider the number of years.</p><p><blockquote>由于特斯拉独特的增长动力，在我看来，唯一可以与特斯拉相比的公司是亚马逊（纳斯达克：AMZN）。亚马逊目前的估值是更成熟的特斯拉估值可能达到的水平。顺便说一句，亚马逊目前的市盈率约为58倍，这正是我对2029年特斯拉市盈率的预期。此外，预计股价较当前水平仅上涨220%，如果考虑年数，这一涨幅相对较小。</blockquote></p><p> <b>Risks to Tesla's $2,500 Price Target</b></p><p><blockquote><b>特斯拉2,500美元目标价面临风险</b></blockquote></p><p> Of course, when you are talking about Tesla, there are risks to consider. While I estimate that the company can earn close to $50 per share by 2030, the company is very far from such figures right now. Therefore, there is the risk that Tesla will not illustrate the kind of earnings growth I envision. A slowdown in demand, increased competition, supply issues, decreased growth, and other variables are all risks we should consider before betting on Tesla to increase EPS nearly tenfold by 2030. Serious concerns could cause Tesla's valuation to lose altitude, and the company's share price could even head in reverse if any serious issues should arise. Therefore, I believe one should consider the risks carefully before committing any capital to a Tesla investment.</p><p><blockquote>当然，当你谈论特斯拉时，有风险需要考虑。虽然我估计到2030年该公司每股收益可接近50美元，但该公司目前距离这样的数字还很远。因此，特斯拉存在无法实现我所设想的盈利增长的风险。需求放缓、竞争加剧、供应问题、增长下降和其他变量都是我们在押注特斯拉到2030年每股收益增长近十倍之前应该考虑的风险。严重的担忧可能会导致特斯拉的估值下降，如果出现任何严重问题，该公司的股价甚至可能出现逆转。因此，我认为在投入任何资金进行特斯拉投资之前，应该仔细考虑风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4459378-tesla-path-to-2500-by-2030\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4459378-tesla-path-to-2500-by-2030","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188785088","content_text":"Summary\n\nTesla experienced explosive gains last year.\nThis year, the stock has struggled, but the company is on the right track.\nBetter-than-anticipated production and deliveries data suggests the stock can push higher into year-end.\nI suspect Tesla has more upside, and the stock could hit $2,500 in future years.\n\nSpencer Platt/Getty Images News\nI've been a Tesla(NASDAQ:TSLA)bull for a long time now. It's hard to believe, but the first time I purchased Tesla's stock was eight years ago when the share price was around a split-adjusted $30. Now, roughly 2,500% higher, I am still long Tesla and I think there is more upside in this stock. Tesla remains the leader in the ultra-lucrative EV space. The company arguably has the best products, powered by the most advanced technologies.\nAdditionally, Tesla has a unique set of competitive advantages that the company utilizes to stay ahead of its competition year after year. Tesla just put up stellar delivery and production numbers, will likely surpass analysts' expectations this quarter, and the company has enormous revenue and EPS growth potential as we advance. While we will not see Tesla shares gain another 2,500% from here any time soon, the stock can probably hit $1,000 by year-end or early next year. Moreover, Tesla shares could climb substantially higher over the next several years as well.\nTechnical Setup\nSource: Stockcharts.com\nTesla had a stellar run-up in 2020 and into year-end last year. Then the stock experienced a significant correction of around 40% down to the $550 level. After this giant pullback, Tesla shares came back for a successful retest of the $550 level. Since then, the stock has been in a steady, concise, upward channel. The current move higher should continue until the bullish trend breaks. However, the bullish trend is robust and could power Tesla shares to $1,000 by the end of this year. Moreover, the company has numerous favorable fundamental factors to go along with the constructive technical setup right now.\nCompetitive Edge\nTesla continues to enjoy a multifaceted competitive advantage relative to its peers. Its approach to marketing, sales, software development, battery production, supercharging, design, development, and production provides Tesla with a significant edge relative to its competitors. Tesla designs and delivers everything from scratch, and the company remains ever focused on staying ahead of the curve innovation-wise in the EV space. However, most traditional automakers are still mainly focused on ICE vehicles and are still pivoting towards EVs. The bottom line is that the EV market is continuously gaining share over the conventional ICE market, and Tesla is the clear leader when it comes to EVs.\nGlobal EV Market Share First Half of 2021\nSource: statista.com\nDeliveries Surge\nTesla just announced another record deliveries quarter of 241,300 vehiclesin Q3, a 20% increase over the last quarter and a remarkable 73% YoY surge. Tesla delivered a total of 9,275 Model S/X vehicles along with 232,025 mainstream Model 3/Y cars. Now, if we adjust for lease vehicles, we arrive at about 7,420 Model S/X vehicle sales and roughly 218,104 Model 3/Y vehicles sold in the third quarter.\nLast quarter (Q2 2021), Tesla sold (leases excluded) a total of about 187,163 vehicles for $9.874 billion. This sales image suggests that the average selling price (\"ASP\") across all vehicles was roughly $53K. Tesla sold approximately 1,550 Model S/X vehicles in Q2. Thus, if we approximate an ASP of $100,000 - $110,000 for Model S/X vehicle sales, we are left with about $52,000 for the Model 3/Y segment.\nTherefore, to get an approximate number for Tesla vehicle sales in Q3, we can use an ASP of $105,000 for the 7,420 Model S/X vehicles sold in the quarter, and we can use the $52,000 ASP for the 218,104 Model 3/Y cars delivered in Q3. This estimate gives us an approximate $800 million in Model S/X sales and $11.34 billion in Model 3/Y sales.\nQ3 Earnings Outlook\nAnalysts Estimates:\nLast quarter, Tesla delivered $1.45 in EPS, beating consensus analysts' forecasts by about $0.47 or 48%. The company announced revenues of $11.96 billion, beating estimates by $559.33 million simultaneously. Now for Q3, consensus estimates are for EPS of $1.47 and revenues of $13.49 billion. However, I think Tesla will beat these figures as well.\nMy Estimates:\nSource: Author's Material\nInstead of the $13.49 billion revenues figure, I am looking for $14.74 billion in revenues, about a 9% increase over consensus expectations. Moreover, I think we can see about $1.85 in non-GAAP EPS out of Tesla in Q3, roughly 26% better than the current consensus figures imply. If Tesla makes good on its notably better-than-expected Q3 results, the stock will have a strong catalyst for a rally into year-end.\nBright Future Ahead for Tesla\nEstimates are moving up for Tesla. There have been 26 upward revisions relative to just one downward (FY2021) revision over the last 90 days. Still, estimates could continue to move higher.\nSource: seekingalpha.com\nFirst, I want to draw your attention to the number of beats in recent quarters. Sure, Tesla's earnings remain somewhat volatile, but it's difficult to deny the better-than-anticipated earnings growth of late. Consensus estimates were for $3.61 in EPS for the last four quarters. Yet, the company's actual EPS numbers came in at $3.94, an average beat of around 9% over consensus estimates. We already see estimates that are substantial increases on a YoY basis, but I think that results can continue to come in stronger than anticipated (by about 10-20%) as we advance.\nSource: seekingalpha.com\nSource: seekingalpha.com\nWe see expectations for significant EPS and revenue gains in future years for Tesla. While the stock may seem relatively expensive right now, shares should become increasingly less costly as EPS surge in coming years.\nSource: seekingalpha.com\nHere is what Tesla's EPS, P/E ratio, and share price could look like in future years.\nSource: Author's Material\nThe Bottom Line\nTesla's steady and robust EPS growth trend should continue, and I expect the company's share price could reach $2,500 or higher by the end of the decade. Now, some market participants could argue that these stock price projections are optimistic. However, I think that these projections may be relatively modest. First, the company could deliver higher EPS than I anticipate in future years, and second, Tesla's P/E ratio could remain elevated for longer.\nDue to Tesla's unique growth dynamic, the only company that can compare to Tesla is Amazon(NASDAQ:AMZN), in my view. Amazon's current valuation is what a more mature Tesla valuation could become. Incidentally, Amazon currently trades at about 58 times EPS, exactly where I have my 2029 Tesla P/E ratio pegged. Also, the projected stock price appreciation is only 220% from current levels, which is relatively modest if we consider the number of years.\nRisks to Tesla's $2,500 Price Target\nOf course, when you are talking about Tesla, there are risks to consider. While I estimate that the company can earn close to $50 per share by 2030, the company is very far from such figures right now. Therefore, there is the risk that Tesla will not illustrate the kind of earnings growth I envision. A slowdown in demand, increased competition, supply issues, decreased growth, and other variables are all risks we should consider before betting on Tesla to increase EPS nearly tenfold by 2030. Serious concerns could cause Tesla's valuation to lose altitude, and the company's share price could even head in reverse if any serious issues should arise. Therefore, I believe one should consider the risks carefully before committing any capital to a Tesla investment.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826926745,"gmtCreate":1633966491601,"gmtModify":1634003520181,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Pfizer still preferred with wellknown&nbsp;waning effect?[Speechless]&nbsp;","listText":"Pfizer still preferred with wellknown&nbsp;waning effect?[Speechless]&nbsp;","text":"Pfizer still preferred with wellknown waning effect?[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826926745","repostId":"2174902342","repostType":2,"isVote":1,"tweetType":1,"viewCount":3924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826921112,"gmtCreate":1633966335163,"gmtModify":1633966335260,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"TSMC FTW","listText":"TSMC FTW","text":"TSMC FTW","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826921112","repostId":"2173926948","repostType":2,"isVote":1,"tweetType":1,"viewCount":2591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826921058,"gmtCreate":1633966313119,"gmtModify":1633966313220,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826921058","repostId":"2174009689","repostType":2,"isVote":1,"tweetType":1,"viewCount":2675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826933341,"gmtCreate":1633963171048,"gmtModify":1633963171154,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"What?","listText":"What?","text":"What?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826933341","repostId":"1167654224","repostType":4,"repost":{"id":"1167654224","kind":"news","pubTimestamp":1633957519,"share":"https://www.laohu8.com/m/news/1167654224?lang=zh_CN&edition=full","pubTime":"2021-10-11 21:05","market":"us","language":"en","title":"Elon Musk vs. Charlie Ergen: Battle of the Billionaires Over Spectrum<blockquote>埃隆·马斯克与查理·埃尔根：亿万富翁的频谱之战</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167654224","media":"The Wall Street Journal","summary":"The two moguls want rules to favor their visions for high-speed broadband service. Is there space en","content":"<p>The two moguls want rules to favor their visions for high-speed broadband service. Is there space enough for the two of them?</p><p><blockquote>这两位大亨希望规则有利于他们对高速宽带服务的愿景。有足够的空间容纳他们两个吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6e612e1cad7e416fa444ae038edd739\" tg-width=\"1290\" tg-height=\"857\" width=\"100%\" height=\"auto\"><span>The skirmish between Elon Musk, left, and Charlie Ergen over wireless spectrum has a nastier edge than most telecom disputes.</span></p><p><blockquote><p class=\"t-img-caption\"><span>埃隆·马斯克（左）和查理·埃尔根（Charlie Ergen）之间关于无线频谱的小冲突比大多数电信纠纷更具破坏性。</span></p></blockquote></p><p> Elon Musk&nbsp;was adamant.</p><p><blockquote>埃隆·马斯克态度坚决。</blockquote></p><p> On a call last December with Ajit Pai, the Federal Communications Commission’s chairman at the time, Mr. Musk said that if the commission considered a proposal to begin the process of opening up a certain swath of wireless frequencies for ground-based 5G service, it would pose a threat to his Starlink satellite network, according to people familiar with the discussion.</p><p><blockquote>去年12月，在与时任联邦通信委员会主席Ajit Pai的看涨期权上，马斯克表示，如果委员会考虑一项提议，开始为地面5G服务开放一定范围的无线频率，据知情人士透露，这将对他的Starlink卫星网络构成威胁。</blockquote></p><p> In later filings with the FCC, Mr. Musk’s Space Exploration Technologies Corp., better known as SpaceX, told the regulator it needed those airwaves, which sit above 12 gigahertz on the wireless spectrum, free and clear for its Starlink swarm of satellites to beam high-speed broadband internet service to disconnected homes across the country. SpaceX didn’t respond to requests for comment for this article.</p><p><blockquote>在后来向FCC提交的文件中，马斯克的太空探索技术公司（SpaceX）告诉监管机构，它需要这些无线频谱上超过12吉赫兹的无线电波，为其Starlink卫星群提供免费且清晰的传输。为全国各地断开连接的家庭提供高速宽带互联网服务。SpaceX没有回应对本文的置评请求。</blockquote></p><p> The Tesla billionaire’s main antagonist in this case is&nbsp;Dish Network&nbsp;Corp.&nbsp;Chairman Charlie Ergen, another mogul with a history of tangling with regulators. Mr. Ergen’s Dish and his allies—who include Dell Computer founder Michael Dell through his personal investment fund, MSD Capital—are pressing the government to allow cellphone towers to send high-speed internet signals over the same airwaves. SpaceX and fellow satellite operator OneWeb oppose changes that they say threaten their goal of expanding internet access from the skies.</p><p><blockquote>这位特斯拉亿万富翁在此案中的主要对手是Dish Network Corp.董事长查理·埃尔根(Charlie Ergen)，他是另一位与监管机构有纠葛历史的大亨。埃尔根先生的Dish和他的盟友——包括戴尔电脑创始人迈克尔·戴尔通过他的个人投资基金MSD Capital——正在向政府施压，允许手机信号塔通过相同的电波发送高速互联网信号。SpaceX和卫星运营商OneWeb反对这些变化，他们说这些变化威胁到他们扩大空中互联网接入的目标。</blockquote></p><p> Mr. Ergen made his fortune launching satellites but has said his company’s future lies in ultrafast fifth-generation wireless service on the ground. Mr. Musk’s businesses, which include electric cars and rocket launches that ferry NASA astronauts to space, also include satellite broadband service.</p><p><blockquote>埃尔根通过发射卫星发了财，但他表示，他的公司的未来在于地面上的超快第五代无线服务。马斯克的业务包括电动汽车和将美国宇航局宇航员运送到太空的火箭发射，还包括卫星宽带服务。</blockquote></p><p> This is the kind of skirmish that companies often wage in Washington over finite resources subject to government rules—but with more-prominent personalities and a nastier edge than most telecom disputes. Fights over wireless spectrum are becoming increasingly common as technological advances like 5G let companies stream data in ways considered impossible a few years ago, spurring new demand for space on the airwaves to carry those signals.</p><p><blockquote>这是公司经常在华盛顿为受政府规则约束的有限资源而发动的冲突——但与大多数电信纠纷相比，人物更突出，边缘更恶劣。随着5G等技术进步让公司以几年前被认为不可能的方式传输数据，围绕无线频谱的斗争变得越来越普遍，这刺激了对传输这些信号的电波空间的新需求。</blockquote></p><p> SpaceX says its new Starlink broadband service is already providing cablelike internet speeds to more than 90,000 customers. The FCC granted the company $885 million in incentives to provide more connections to areas of the U.S. that lack true broadband. Dish and its allies argue that looser rules for the 12 GHz frequencies would help the company build a network that will connect smartphones, factory machines and vehicle sensors with the kind of ultrafast internet speeds that 5G promises to deliver.</p><p><blockquote>SpaceX表示，其新的Starlink宽带服务已经为超过90,000名客户提供了类似电缆的互联网速度。FCC授予该公司8.85亿美元的激励措施，为美国缺乏真正宽带的地区提供更多连接。Dish及其盟友认为，对12 GHz频率更宽松的规则将有助于该公司建立一个网络，将智能手机、工厂机器和车辆传感器与5G承诺提供的超快互联网速度连接起来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f07d3f2d8330b1238ac3f42e0ed5aad\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>A SpaceX rocket returned to Earth in September after delivering Starlink satellites to low-Earth orbit.</span></p><p><blockquote><p class=\"t-img-caption\"><span>一枚SpaceX火箭在将Starlink卫星送入近地轨道后于9月返回地球。</span></p></blockquote></p><p> <b>The roots of controversy</b></p><p><blockquote><b>争议的根源</b></blockquote></p><p> The controversy has been developing for years. Dish and its rival DirecTV have long had the first right to use the 12 GHz spectrum to support TV broadcasts beamed by satellites in geostationary orbit more than 22,000 miles above the Earth. But much of the spectrum sits unused. Dish and DirecTV send many signals over frequencies outside the band in dispute, and their customer bases continue to shrink as viewers cut the pay-TV cord and adopt online streaming services.</p><p><blockquote>这场争议已经发展了多年。Dish及其竞争对手DirecTV长期以来一直拥有使用12 GHz频谱的第一权利，以支持地球上空22,000多英里的地球静止轨道上的卫星广播。但是大部分频谱没有被使用。Dish和DirecTV通过争议频段之外的频率发送许多信号，随着观众切断付费电视电缆并采用在线流媒体服务，它们的客户群继续缩小。</blockquote></p><p> Starlink engineers, meanwhile, have spent the past six years working on a plan to make satellite internet speeds competitive with those of traditional broadband cable companies. The company has already used low-cost rocket launches to hurl hundreds of satellites into orbit just 340 miles from Earth, cutting down on the time it takes for broadband signals to travel between the satellites and customers’ dishes.</p><p><blockquote>与此同时，Starlink的工程师们在过去六年里一直致力于一项计划，使卫星互联网速度与传统宽带有线电视公司的速度具有竞争力。该公司已经使用低成本火箭发射将数百颗卫星送入距离地球仅340英里的轨道，减少了宽带信号在卫星和客户天线之间传输所需的时间。</blockquote></p><p> The FCC granted Starlink’s low-flying satellites “secondary” permission to use 12 GHz airwaves, which means they couldn’t interfere with transmissions to Dish and DirecTV’s older geostationary satellites. Both sides point their transmissions in different directions, so the dual use wasn’t considered a problem.</p><p><blockquote>FCC授予Starlink的低空飞行卫星使用12 GHz电波的“二级”许可，这意味着它们不能干扰Dish和DirecTV的旧地球同步卫星的传输。双方都将传输指向不同的方向，因此双重用途被认为不是问题。</blockquote></p><p> The dispute grew out of Dish’s ambitions to expand its 5G network, which remains under construction. The company now wants the right to send cellular signals over the same 12 GHz airwaves it uses for satellite transmissions, taking steps to prevent either type of signal from interfering with the other.</p><p><blockquote>这场争端源于Dish扩大其5G网络的雄心，该网络仍在建设中。该公司现在希望有权通过用于卫星传输的相同12 GHz电波发送蜂窝信号，并采取措施防止任何一种类型的信号干扰另一种。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d8a70460903977f930f263c5273fcf1\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Dish Network says it doesn’t want a fight with SpaceX.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Dish Network表示不想与SpaceX发生冲突。</span></p></blockquote></p><p> <b>No end in sight</b></p><p><blockquote><b>看不到尽头</b></blockquote></p><p> The Musk-Ergen standoff is unlikely to see a quick resolution. Mr. Pai’s FCC ended up drafting what most observers consider a “neutral” document that kicked the can down the road. The agency, now led by acting Chairwoman Jessica Rosenworcel, is still missing a full slate of commissioners, hampering its ability to tackle controversial policy issues.</p><p><blockquote>马斯克-埃尔根的僵局不太可能很快得到解决。派先生的联邦通信委员会最终起草了一份大多数观察家认为是“中立”的文件，这份文件将这一问题一拖再拖。该机构现在由代理主席杰西卡·罗森沃塞尔(Jessica Rosenworcel)领导，仍然缺乏完整的委员名单，这阻碍了其解决有争议的政策问题的能力。</blockquote></p><p> Both sides have claimed the other misrepresents the science behind their services. “There’s definitely a lot of hostility in a lot of the filings,” says Tim Farrar, president of TMF Associates, a telecom consulting firm based in Menlo Park, Calif. SpaceX has been especially aggressive defending its turf against would-be interlopers, Mr. Farrar says.</p><p><blockquote>双方都声称对方歪曲了他们服务背后的科学。总部位于加利福尼亚州门洛帕克的电信咨询公司TMF Associates总裁蒂姆·法勒(Tim Farrar)表示：“许多文件中肯定存在很多敌意。”法勒表示，SpaceX一直特别积极地捍卫自己的地盘，抵御潜在的入侵者。</blockquote></p><p> In a March filing with the FCC, SpaceX accused Dish of making “increasingly desperate claims to support its quest to add even more frequencies to its warehouse of unused spectrum,” adding that Mr. Ergen’s company would be better off building the network it promised “rather than spending its time trying to take service away from the customers of those actually delivering on promises.”</p><p><blockquote>在3月份向FCC提交的一份文件中，SpaceX指责Dish“越来越绝望地声称支持其在未使用频谱仓库中增加更多频率的追求”，并补充说，Ergen先生的公司最好建立其承诺的网络“而不是花时间试图从那些真正兑现承诺的客户那里夺走服务。”</blockquote></p><p> Dish told regulators that SpaceX was the one seeking to monopolize a resource that it doesn’t need. The 12-gigahertz band in question is a small part of the many wavelengths Mr. Musk’s satellites can use to beam data to customers, the company argued. “SpaceX continues a practice that has become familiar: do not cede any ground except inch by inch,” Dish wrote in a letter to the commission.</p><p><blockquote>迪什告诉监管机构，SpaceX是一家试图垄断其不需要的资源的公司。该公司辩称，所讨论的12吉赫兹频段只是马斯克的卫星可以用来向客户传输数据的众多波长的一小部分。迪什在给委员会的一封信中写道：“SpaceX继续着一种熟悉的做法：除了一英寸一英寸之外，不要放弃任何土地。”</blockquote></p><p> Jeffrey Blum, Dish’s public-policy chief, says SpaceX’s pushback against potential ground-based users of the spectrum in question is unnecessary in light of recent technological advances that would allow signals from satellites and cellular towers to share the same frequencies.</p><p><blockquote>Dish公共政策主管杰弗里·布鲁姆(Jeffrey Blum)表示，鉴于最近的技术进步允许来自卫星和手机信号塔的信号共享相同频率，SpaceX对相关频谱的潜在地面用户的抵制是不必要的。</blockquote></p><p> “We don’t want to fight with them,” he says. “We don’t need to fight.”</p><p><blockquote>“我们不想和他们战斗，”他说。“我们不需要战斗。”</blockquote></p><p> But Starlink has said in many filings that sharing the spectrum won’t work. Indeed, Mr. Musk has argued that new companies using 12 GHz signals would kill the business model his company built over several years of planning.</p><p><blockquote>但星链在许多文件中表示，共享频谱是行不通的。事实上，马斯克先生认为，使用12 GHz信号的新公司将扼杀他的公司经过几年规划建立的商业模式。</blockquote></p><p> “Starlink is good in and of itself,” Mr. Musk said at Vox Media’s Code 2021 conference. “It’s a very nice complement, and a necessary complement, to 5G and fiber, and will provide a revenue stream to develop our next-generation rocket.”</p><p><blockquote>“Starlink本身就很好，”马斯克在Vox Media的Code 2021会议上表示。“这是对5G和光纤的一个非常好的补充，也是必要的补充，并将为开发我们的下一代火箭提供收入来源。”</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>Elon Musk vs. Charlie Ergen: Battle of the Billionaires Over Spectrum<blockquote>埃隆·马斯克与查理·埃尔根：亿万富翁的频谱之战</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\">\nElon Musk vs. Charlie Ergen: Battle of the Billionaires Over Spectrum<blockquote>埃隆·马斯克与查理·埃尔根：亿万富翁的频谱之战</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-10-11 21:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The two moguls want rules to favor their visions for high-speed broadband service. Is there space enough for the two of them?</p><p><blockquote>这两位大亨希望规则有利于他们对高速宽带服务的愿景。有足够的空间容纳他们两个吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6e612e1cad7e416fa444ae038edd739\" tg-width=\"1290\" tg-height=\"857\" width=\"100%\" height=\"auto\"><span>The skirmish between Elon Musk, left, and Charlie Ergen over wireless spectrum has a nastier edge than most telecom disputes.</span></p><p><blockquote><p class=\"t-img-caption\"><span>埃隆·马斯克（左）和查理·埃尔根（Charlie Ergen）之间关于无线频谱的小冲突比大多数电信纠纷更具破坏性。</span></p></blockquote></p><p> Elon Musk&nbsp;was adamant.</p><p><blockquote>埃隆·马斯克态度坚决。</blockquote></p><p> On a call last December with Ajit Pai, the Federal Communications Commission’s chairman at the time, Mr. Musk said that if the commission considered a proposal to begin the process of opening up a certain swath of wireless frequencies for ground-based 5G service, it would pose a threat to his Starlink satellite network, according to people familiar with the discussion.</p><p><blockquote>去年12月，在与时任联邦通信委员会主席Ajit Pai的看涨期权上，马斯克表示，如果委员会考虑一项提议，开始为地面5G服务开放一定范围的无线频率，据知情人士透露，这将对他的Starlink卫星网络构成威胁。</blockquote></p><p> In later filings with the FCC, Mr. Musk’s Space Exploration Technologies Corp., better known as SpaceX, told the regulator it needed those airwaves, which sit above 12 gigahertz on the wireless spectrum, free and clear for its Starlink swarm of satellites to beam high-speed broadband internet service to disconnected homes across the country. SpaceX didn’t respond to requests for comment for this article.</p><p><blockquote>在后来向FCC提交的文件中，马斯克的太空探索技术公司（SpaceX）告诉监管机构，它需要这些无线频谱上超过12吉赫兹的无线电波，为其Starlink卫星群提供免费且清晰的传输。为全国各地断开连接的家庭提供高速宽带互联网服务。SpaceX没有回应对本文的置评请求。</blockquote></p><p> The Tesla billionaire’s main antagonist in this case is&nbsp;Dish Network&nbsp;Corp.&nbsp;Chairman Charlie Ergen, another mogul with a history of tangling with regulators. Mr. Ergen’s Dish and his allies—who include Dell Computer founder Michael Dell through his personal investment fund, MSD Capital—are pressing the government to allow cellphone towers to send high-speed internet signals over the same airwaves. SpaceX and fellow satellite operator OneWeb oppose changes that they say threaten their goal of expanding internet access from the skies.</p><p><blockquote>这位特斯拉亿万富翁在此案中的主要对手是Dish Network Corp.董事长查理·埃尔根(Charlie Ergen)，他是另一位与监管机构有纠葛历史的大亨。埃尔根先生的Dish和他的盟友——包括戴尔电脑创始人迈克尔·戴尔通过他的个人投资基金MSD Capital——正在向政府施压，允许手机信号塔通过相同的电波发送高速互联网信号。SpaceX和卫星运营商OneWeb反对这些变化，他们说这些变化威胁到他们扩大空中互联网接入的目标。</blockquote></p><p> Mr. Ergen made his fortune launching satellites but has said his company’s future lies in ultrafast fifth-generation wireless service on the ground. Mr. Musk’s businesses, which include electric cars and rocket launches that ferry NASA astronauts to space, also include satellite broadband service.</p><p><blockquote>埃尔根通过发射卫星发了财，但他表示，他的公司的未来在于地面上的超快第五代无线服务。马斯克的业务包括电动汽车和将美国宇航局宇航员运送到太空的火箭发射，还包括卫星宽带服务。</blockquote></p><p> This is the kind of skirmish that companies often wage in Washington over finite resources subject to government rules—but with more-prominent personalities and a nastier edge than most telecom disputes. Fights over wireless spectrum are becoming increasingly common as technological advances like 5G let companies stream data in ways considered impossible a few years ago, spurring new demand for space on the airwaves to carry those signals.</p><p><blockquote>这是公司经常在华盛顿为受政府规则约束的有限资源而发动的冲突——但与大多数电信纠纷相比，人物更突出，边缘更恶劣。随着5G等技术进步让公司以几年前被认为不可能的方式传输数据，围绕无线频谱的斗争变得越来越普遍，这刺激了对传输这些信号的电波空间的新需求。</blockquote></p><p> SpaceX says its new Starlink broadband service is already providing cablelike internet speeds to more than 90,000 customers. The FCC granted the company $885 million in incentives to provide more connections to areas of the U.S. that lack true broadband. Dish and its allies argue that looser rules for the 12 GHz frequencies would help the company build a network that will connect smartphones, factory machines and vehicle sensors with the kind of ultrafast internet speeds that 5G promises to deliver.</p><p><blockquote>SpaceX表示，其新的Starlink宽带服务已经为超过90,000名客户提供了类似电缆的互联网速度。FCC授予该公司8.85亿美元的激励措施，为美国缺乏真正宽带的地区提供更多连接。Dish及其盟友认为，对12 GHz频率更宽松的规则将有助于该公司建立一个网络，将智能手机、工厂机器和车辆传感器与5G承诺提供的超快互联网速度连接起来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f07d3f2d8330b1238ac3f42e0ed5aad\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>A SpaceX rocket returned to Earth in September after delivering Starlink satellites to low-Earth orbit.</span></p><p><blockquote><p class=\"t-img-caption\"><span>一枚SpaceX火箭在将Starlink卫星送入近地轨道后于9月返回地球。</span></p></blockquote></p><p> <b>The roots of controversy</b></p><p><blockquote><b>争议的根源</b></blockquote></p><p> The controversy has been developing for years. Dish and its rival DirecTV have long had the first right to use the 12 GHz spectrum to support TV broadcasts beamed by satellites in geostationary orbit more than 22,000 miles above the Earth. But much of the spectrum sits unused. Dish and DirecTV send many signals over frequencies outside the band in dispute, and their customer bases continue to shrink as viewers cut the pay-TV cord and adopt online streaming services.</p><p><blockquote>这场争议已经发展了多年。Dish及其竞争对手DirecTV长期以来一直拥有使用12 GHz频谱的第一权利，以支持地球上空22,000多英里的地球静止轨道上的卫星广播。但是大部分频谱没有被使用。Dish和DirecTV通过争议频段之外的频率发送许多信号，随着观众切断付费电视电缆并采用在线流媒体服务，它们的客户群继续缩小。</blockquote></p><p> Starlink engineers, meanwhile, have spent the past six years working on a plan to make satellite internet speeds competitive with those of traditional broadband cable companies. The company has already used low-cost rocket launches to hurl hundreds of satellites into orbit just 340 miles from Earth, cutting down on the time it takes for broadband signals to travel between the satellites and customers’ dishes.</p><p><blockquote>与此同时，Starlink的工程师们在过去六年里一直致力于一项计划，使卫星互联网速度与传统宽带有线电视公司的速度具有竞争力。该公司已经使用低成本火箭发射将数百颗卫星送入距离地球仅340英里的轨道，减少了宽带信号在卫星和客户天线之间传输所需的时间。</blockquote></p><p> The FCC granted Starlink’s low-flying satellites “secondary” permission to use 12 GHz airwaves, which means they couldn’t interfere with transmissions to Dish and DirecTV’s older geostationary satellites. Both sides point their transmissions in different directions, so the dual use wasn’t considered a problem.</p><p><blockquote>FCC授予Starlink的低空飞行卫星使用12 GHz电波的“二级”许可，这意味着它们不能干扰Dish和DirecTV的旧地球同步卫星的传输。双方都将传输指向不同的方向，因此双重用途被认为不是问题。</blockquote></p><p> The dispute grew out of Dish’s ambitions to expand its 5G network, which remains under construction. The company now wants the right to send cellular signals over the same 12 GHz airwaves it uses for satellite transmissions, taking steps to prevent either type of signal from interfering with the other.</p><p><blockquote>这场争端源于Dish扩大其5G网络的雄心，该网络仍在建设中。该公司现在希望有权通过用于卫星传输的相同12 GHz电波发送蜂窝信号，并采取措施防止任何一种类型的信号干扰另一种。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d8a70460903977f930f263c5273fcf1\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Dish Network says it doesn’t want a fight with SpaceX.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Dish Network表示不想与SpaceX发生冲突。</span></p></blockquote></p><p> <b>No end in sight</b></p><p><blockquote><b>看不到尽头</b></blockquote></p><p> The Musk-Ergen standoff is unlikely to see a quick resolution. Mr. Pai’s FCC ended up drafting what most observers consider a “neutral” document that kicked the can down the road. The agency, now led by acting Chairwoman Jessica Rosenworcel, is still missing a full slate of commissioners, hampering its ability to tackle controversial policy issues.</p><p><blockquote>马斯克-埃尔根的僵局不太可能很快得到解决。派先生的联邦通信委员会最终起草了一份大多数观察家认为是“中立”的文件，这份文件将这一问题一拖再拖。该机构现在由代理主席杰西卡·罗森沃塞尔(Jessica Rosenworcel)领导，仍然缺乏完整的委员名单，这阻碍了其解决有争议的政策问题的能力。</blockquote></p><p> Both sides have claimed the other misrepresents the science behind their services. “There’s definitely a lot of hostility in a lot of the filings,” says Tim Farrar, president of TMF Associates, a telecom consulting firm based in Menlo Park, Calif. SpaceX has been especially aggressive defending its turf against would-be interlopers, Mr. Farrar says.</p><p><blockquote>双方都声称对方歪曲了他们服务背后的科学。总部位于加利福尼亚州门洛帕克的电信咨询公司TMF Associates总裁蒂姆·法勒(Tim Farrar)表示：“许多文件中肯定存在很多敌意。”法勒表示，SpaceX一直特别积极地捍卫自己的地盘，抵御潜在的入侵者。</blockquote></p><p> In a March filing with the FCC, SpaceX accused Dish of making “increasingly desperate claims to support its quest to add even more frequencies to its warehouse of unused spectrum,” adding that Mr. Ergen’s company would be better off building the network it promised “rather than spending its time trying to take service away from the customers of those actually delivering on promises.”</p><p><blockquote>在3月份向FCC提交的一份文件中，SpaceX指责Dish“越来越绝望地声称支持其在未使用频谱仓库中增加更多频率的追求”，并补充说，Ergen先生的公司最好建立其承诺的网络“而不是花时间试图从那些真正兑现承诺的客户那里夺走服务。”</blockquote></p><p> Dish told regulators that SpaceX was the one seeking to monopolize a resource that it doesn’t need. The 12-gigahertz band in question is a small part of the many wavelengths Mr. Musk’s satellites can use to beam data to customers, the company argued. “SpaceX continues a practice that has become familiar: do not cede any ground except inch by inch,” Dish wrote in a letter to the commission.</p><p><blockquote>迪什告诉监管机构，SpaceX是一家试图垄断其不需要的资源的公司。该公司辩称，所讨论的12吉赫兹频段只是马斯克的卫星可以用来向客户传输数据的众多波长的一小部分。迪什在给委员会的一封信中写道：“SpaceX继续着一种熟悉的做法：除了一英寸一英寸之外，不要放弃任何土地。”</blockquote></p><p> Jeffrey Blum, Dish’s public-policy chief, says SpaceX’s pushback against potential ground-based users of the spectrum in question is unnecessary in light of recent technological advances that would allow signals from satellites and cellular towers to share the same frequencies.</p><p><blockquote>Dish公共政策主管杰弗里·布鲁姆(Jeffrey Blum)表示，鉴于最近的技术进步允许来自卫星和手机信号塔的信号共享相同频率，SpaceX对相关频谱的潜在地面用户的抵制是不必要的。</blockquote></p><p> “We don’t want to fight with them,” he says. “We don’t need to fight.”</p><p><blockquote>“我们不想和他们战斗，”他说。“我们不需要战斗。”</blockquote></p><p> But Starlink has said in many filings that sharing the spectrum won’t work. Indeed, Mr. Musk has argued that new companies using 12 GHz signals would kill the business model his company built over several years of planning.</p><p><blockquote>但星链在许多文件中表示，共享频谱是行不通的。事实上，马斯克先生认为，使用12 GHz信号的新公司将扼杀他的公司经过几年规划建立的商业模式。</blockquote></p><p> “Starlink is good in and of itself,” Mr. Musk said at Vox Media’s Code 2021 conference. “It’s a very nice complement, and a necessary complement, to 5G and fiber, and will provide a revenue stream to develop our next-generation rocket.”</p><p><blockquote>“Starlink本身就很好，”马斯克在Vox Media的Code 2021会议上表示。“这是对5G和光纤的一个非常好的补充，也是必要的补充，并将为开发我们的下一代火箭提供收入来源。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/elon-musk-charlie-ergen-battle-of-billionaires-11633714306?mod=tech_lead_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DISH":"Dish Network","TSLA":"特斯拉"},"source_url":"https://www.wsj.com/articles/elon-musk-charlie-ergen-battle-of-billionaires-11633714306?mod=tech_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167654224","content_text":"The two moguls want rules to favor their visions for high-speed broadband service. Is there space enough for the two of them?\nThe skirmish between Elon Musk, left, and Charlie Ergen over wireless spectrum has a nastier edge than most telecom disputes.\nElon Musk was adamant.\nOn a call last December with Ajit Pai, the Federal Communications Commission’s chairman at the time, Mr. Musk said that if the commission considered a proposal to begin the process of opening up a certain swath of wireless frequencies for ground-based 5G service, it would pose a threat to his Starlink satellite network, according to people familiar with the discussion.\nIn later filings with the FCC, Mr. Musk’s Space Exploration Technologies Corp., better known as SpaceX, told the regulator it needed those airwaves, which sit above 12 gigahertz on the wireless spectrum, free and clear for its Starlink swarm of satellites to beam high-speed broadband internet service to disconnected homes across the country. SpaceX didn’t respond to requests for comment for this article.\nThe Tesla billionaire’s main antagonist in this case is Dish Network Corp. Chairman Charlie Ergen, another mogul with a history of tangling with regulators. Mr. Ergen’s Dish and his allies—who include Dell Computer founder Michael Dell through his personal investment fund, MSD Capital—are pressing the government to allow cellphone towers to send high-speed internet signals over the same airwaves. SpaceX and fellow satellite operator OneWeb oppose changes that they say threaten their goal of expanding internet access from the skies.\nMr. Ergen made his fortune launching satellites but has said his company’s future lies in ultrafast fifth-generation wireless service on the ground. Mr. Musk’s businesses, which include electric cars and rocket launches that ferry NASA astronauts to space, also include satellite broadband service.\nThis is the kind of skirmish that companies often wage in Washington over finite resources subject to government rules—but with more-prominent personalities and a nastier edge than most telecom disputes. Fights over wireless spectrum are becoming increasingly common as technological advances like 5G let companies stream data in ways considered impossible a few years ago, spurring new demand for space on the airwaves to carry those signals.\nSpaceX says its new Starlink broadband service is already providing cablelike internet speeds to more than 90,000 customers. The FCC granted the company $885 million in incentives to provide more connections to areas of the U.S. that lack true broadband. Dish and its allies argue that looser rules for the 12 GHz frequencies would help the company build a network that will connect smartphones, factory machines and vehicle sensors with the kind of ultrafast internet speeds that 5G promises to deliver.\nA SpaceX rocket returned to Earth in September after delivering Starlink satellites to low-Earth orbit.\nThe roots of controversy\nThe controversy has been developing for years. Dish and its rival DirecTV have long had the first right to use the 12 GHz spectrum to support TV broadcasts beamed by satellites in geostationary orbit more than 22,000 miles above the Earth. But much of the spectrum sits unused. Dish and DirecTV send many signals over frequencies outside the band in dispute, and their customer bases continue to shrink as viewers cut the pay-TV cord and adopt online streaming services.\nStarlink engineers, meanwhile, have spent the past six years working on a plan to make satellite internet speeds competitive with those of traditional broadband cable companies. The company has already used low-cost rocket launches to hurl hundreds of satellites into orbit just 340 miles from Earth, cutting down on the time it takes for broadband signals to travel between the satellites and customers’ dishes.\nThe FCC granted Starlink’s low-flying satellites “secondary” permission to use 12 GHz airwaves, which means they couldn’t interfere with transmissions to Dish and DirecTV’s older geostationary satellites. Both sides point their transmissions in different directions, so the dual use wasn’t considered a problem.\nThe dispute grew out of Dish’s ambitions to expand its 5G network, which remains under construction. The company now wants the right to send cellular signals over the same 12 GHz airwaves it uses for satellite transmissions, taking steps to prevent either type of signal from interfering with the other.\nDish Network says it doesn’t want a fight with SpaceX.\nNo end in sight\nThe Musk-Ergen standoff is unlikely to see a quick resolution. Mr. Pai’s FCC ended up drafting what most observers consider a “neutral” document that kicked the can down the road. The agency, now led by acting Chairwoman Jessica Rosenworcel, is still missing a full slate of commissioners, hampering its ability to tackle controversial policy issues.\nBoth sides have claimed the other misrepresents the science behind their services. “There’s definitely a lot of hostility in a lot of the filings,” says Tim Farrar, president of TMF Associates, a telecom consulting firm based in Menlo Park, Calif. SpaceX has been especially aggressive defending its turf against would-be interlopers, Mr. Farrar says.\nIn a March filing with the FCC, SpaceX accused Dish of making “increasingly desperate claims to support its quest to add even more frequencies to its warehouse of unused spectrum,” adding that Mr. Ergen’s company would be better off building the network it promised “rather than spending its time trying to take service away from the customers of those actually delivering on promises.”\nDish told regulators that SpaceX was the one seeking to monopolize a resource that it doesn’t need. The 12-gigahertz band in question is a small part of the many wavelengths Mr. Musk’s satellites can use to beam data to customers, the company argued. “SpaceX continues a practice that has become familiar: do not cede any ground except inch by inch,” Dish wrote in a letter to the commission.\nJeffrey Blum, Dish’s public-policy chief, says SpaceX’s pushback against potential ground-based users of the spectrum in question is unnecessary in light of recent technological advances that would allow signals from satellites and cellular towers to share the same frequencies.\n“We don’t want to fight with them,” he says. “We don’t need to fight.”\nBut Starlink has said in many filings that sharing the spectrum won’t work. Indeed, Mr. Musk has argued that new companies using 12 GHz signals would kill the business model his company built over several years of planning.\n“Starlink is good in and of itself,” Mr. Musk said at Vox Media’s Code 2021 conference. “It’s a very nice complement, and a necessary complement, to 5G and fiber, and will provide a revenue stream to develop our next-generation rocket.”","news_type":1,"symbols_score_info":{"DISH":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829608854,"gmtCreate":1633493853902,"gmtModify":1633493854209,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829608854","repostId":"1123518290","repostType":4,"isVote":1,"tweetType":1,"viewCount":1033,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829608958,"gmtCreate":1633493827274,"gmtModify":1633493827654,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Where’s the crash","listText":"Where’s the crash","text":"Where’s the crash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829608958","repostId":"1103782575","repostType":4,"repost":{"id":"1103782575","kind":"news","pubTimestamp":1633486462,"share":"https://www.laohu8.com/m/news/1103782575?lang=zh_CN&edition=full","pubTime":"2021-10-06 10:14","market":"us","language":"en","title":"Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103782575","media":"CNN Business","summary":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously cras","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</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>Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</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\">\nDon't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-10-06 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103782575","content_text":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.\nBut the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up in October.\nAccording to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&P 500 since 1950 and the 4th best over the past 10 and 20 years.\n\"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"\nAnd it could be better than average this October, because there are no potentially game-changing election results coming in November.\nSince 1999, the S&P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.\n\"It turns out stocks don't like politics much,\" Detrick said.\nMany risks remain but outlook still promising for stocks\nOf course DC headlines could still roil the market this year, albeit not because of an election.\nThe debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.\n\"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier & Associates, said in a report last week.\nThat said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.\nStocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.\nWith that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.\nYes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.\nBut although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.\n\"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820727531,"gmtCreate":1633437181618,"gmtModify":1633437182018,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Useless Facebook&nbsp;","listText":"Useless Facebook&nbsp;","text":"Useless Facebook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820727531","repostId":"2173138389","repostType":4,"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820727666,"gmtCreate":1633437158265,"gmtModify":1633437158598,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Short","listText":"Short","text":"Short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820727666","repostId":"1151029217","repostType":4,"repost":{"id":"1151029217","kind":"news","pubTimestamp":1633434588,"share":"https://www.laohu8.com/m/news/1151029217?lang=zh_CN&edition=full","pubTime":"2021-10-05 19:49","market":"us","language":"en","title":"Udemy files for U.S. IPO as remote learning shift drives revenue surge<blockquote>远程学习转变推动收入激增，Udemy申请美国IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151029217","media":"Reuters","summary":"Oct 5 (Reuters) - Online learning platform Udemy Inc on Tuesday filed regulatory paperwork for an in","content":"<p>Oct 5 (Reuters) - Online learning platform Udemy Inc on Tuesday filed regulatory paperwork for an initial public offering (IPO) in the United States, revealing a surge in revenue last year driven by the pandemic-led accelerated shift toward remote learning.</p><p><blockquote>路透10月5日-在线学习平台Udemy Inc周二提交了在美国首次公开募股(IPO)的监管文件，显示在大流行引领的远程学习加速转变的推动下，去年收入激增。</blockquote></p><p> The San Francisco-based company's revenue grew 55.6% to $429.9 million in 2020 from a year earlier, its filing showed. Udemy incurred a net loss of $77.6 million over the same period.</p><p><blockquote>文件显示，这家总部位于旧金山的公司2020年收入同比增长55.6%，达到4.299亿美元。Udemy同期净亏损7760万美元。</blockquote></p><p> The company, which did not share the terms for its offering, was valued at $3.3 billion during a financing round in November last year. It is expected to go public at a much higher valuation.</p><p><blockquote>该公司没有透露其发行条款，但在去年11月的一轮融资中估值为33亿美元。预计它将以更高的估值上市。</blockquote></p><p> Udemy is the latest in a string of online education companies looking to list their shares in New York, after Coursera Inc and Nerdy Inc went public earlier this year.</p><p><blockquote>继Coursera Inc和Nerdy Inc今年早些时候上市后，Udemy是一系列寻求在纽约上市的在线教育公司中最新一家。</blockquote></p><p> As of June 30, about 42% of Fortune 100 companies used Udemy Business (UB), the company's corporate learning service, according to its filing. UB revenue more than doubled last year as global business leaders increasingly require employees to pick up new skills.</p><p><blockquote>根据其文件，截至6月30日，约42%的财富100强公司使用该公司的企业学习服务Udemy Business(UB)。随着全球商业领袖越来越多地要求员工学习新技能，UB的收入去年增长了一倍多。</blockquote></p><p> Udemy, which provides over 183,000 courses in 75 languages across more than 180 countries, launched a direct-to-consumer subscription earlier this year, an offering that is still in beta testing mode.</p><p><blockquote>Udemy在180多个国家/地区提供75种语言的183,000多门课程，今年早些时候推出了直接面向消费者的订阅服务，该服务仍处于beta测试模式。</blockquote></p><p> With a roughly $200 billion market opportunity, Udemy, which has more than 44 million learners on its platform, expects its estimated addressable market to grow in multiples due to the transition to online learning.</p><p><blockquote>Udemy拥有约2000亿美元的市场机会，其平台上拥有超过4400万学习者，预计由于向在线学习的过渡，其估计的潜在市场将成倍增长。</blockquote></p><p> It competes with the likes of Pluralsight, Skillsoft Corp and LinkedIn Learning in its corporate training offering and with Coursera and edX in its consumer-facing marketplace.</p><p><blockquote>它在企业培训产品方面与Pluralsight、Skillsoft Corp和LinkedIn Learning等公司竞争，在面向消费者的市场方面与Coursera和edX竞争。</blockquote></p><p> Morgan Stanley and J.P. Morgan are the lead underwriters for the IPO, after which the company plans to list on the Nasdaq under the symbol \"UDMY.\"</p><p><blockquote>摩根士丹利和摩根大通是此次IPO的主承销商，之后该公司计划在纳斯达克上市，股票代码为“UDMY”。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Udemy files for U.S. IPO as remote learning shift drives revenue surge<blockquote>远程学习转变推动收入激增，Udemy申请美国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\">\nUdemy files for U.S. IPO as remote learning shift drives revenue surge<blockquote>远程学习转变推动收入激增，Udemy申请美国IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-10-05 19:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Oct 5 (Reuters) - Online learning platform Udemy Inc on Tuesday filed regulatory paperwork for an initial public offering (IPO) in the United States, revealing a surge in revenue last year driven by the pandemic-led accelerated shift toward remote learning.</p><p><blockquote>路透10月5日-在线学习平台Udemy Inc周二提交了在美国首次公开募股(IPO)的监管文件，显示在大流行引领的远程学习加速转变的推动下，去年收入激增。</blockquote></p><p> The San Francisco-based company's revenue grew 55.6% to $429.9 million in 2020 from a year earlier, its filing showed. Udemy incurred a net loss of $77.6 million over the same period.</p><p><blockquote>文件显示，这家总部位于旧金山的公司2020年收入同比增长55.6%，达到4.299亿美元。Udemy同期净亏损7760万美元。</blockquote></p><p> The company, which did not share the terms for its offering, was valued at $3.3 billion during a financing round in November last year. It is expected to go public at a much higher valuation.</p><p><blockquote>该公司没有透露其发行条款，但在去年11月的一轮融资中估值为33亿美元。预计它将以更高的估值上市。</blockquote></p><p> Udemy is the latest in a string of online education companies looking to list their shares in New York, after Coursera Inc and Nerdy Inc went public earlier this year.</p><p><blockquote>继Coursera Inc和Nerdy Inc今年早些时候上市后，Udemy是一系列寻求在纽约上市的在线教育公司中最新一家。</blockquote></p><p> As of June 30, about 42% of Fortune 100 companies used Udemy Business (UB), the company's corporate learning service, according to its filing. UB revenue more than doubled last year as global business leaders increasingly require employees to pick up new skills.</p><p><blockquote>根据其文件，截至6月30日，约42%的财富100强公司使用该公司的企业学习服务Udemy Business(UB)。随着全球商业领袖越来越多地要求员工学习新技能，UB的收入去年增长了一倍多。</blockquote></p><p> Udemy, which provides over 183,000 courses in 75 languages across more than 180 countries, launched a direct-to-consumer subscription earlier this year, an offering that is still in beta testing mode.</p><p><blockquote>Udemy在180多个国家/地区提供75种语言的183,000多门课程，今年早些时候推出了直接面向消费者的订阅服务，该服务仍处于beta测试模式。</blockquote></p><p> With a roughly $200 billion market opportunity, Udemy, which has more than 44 million learners on its platform, expects its estimated addressable market to grow in multiples due to the transition to online learning.</p><p><blockquote>Udemy拥有约2000亿美元的市场机会，其平台上拥有超过4400万学习者，预计由于向在线学习的过渡，其估计的潜在市场将成倍增长。</blockquote></p><p> It competes with the likes of Pluralsight, Skillsoft Corp and LinkedIn Learning in its corporate training offering and with Coursera and edX in its consumer-facing marketplace.</p><p><blockquote>它在企业培训产品方面与Pluralsight、Skillsoft Corp和LinkedIn Learning等公司竞争，在面向消费者的市场方面与Coursera和edX竞争。</blockquote></p><p> Morgan Stanley and J.P. Morgan are the lead underwriters for the IPO, after which the company plans to list on the Nasdaq under the symbol \"UDMY.\"</p><p><blockquote>摩根士丹利和摩根大通是此次IPO的主承销商，之后该公司计划在纳斯达克上市，股票代码为“UDMY”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/1-online-learning-platform-udemy-103740377.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/1-online-learning-platform-udemy-103740377.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151029217","content_text":"Oct 5 (Reuters) - Online learning platform Udemy Inc on Tuesday filed regulatory paperwork for an initial public offering (IPO) in the United States, revealing a surge in revenue last year driven by the pandemic-led accelerated shift toward remote learning.\nThe San Francisco-based company's revenue grew 55.6% to $429.9 million in 2020 from a year earlier, its filing showed. Udemy incurred a net loss of $77.6 million over the same period.\nThe company, which did not share the terms for its offering, was valued at $3.3 billion during a financing round in November last year. It is expected to go public at a much higher valuation.\nUdemy is the latest in a string of online education companies looking to list their shares in New York, after Coursera Inc and Nerdy Inc went public earlier this year.\nAs of June 30, about 42% of Fortune 100 companies used Udemy Business (UB), the company's corporate learning service, according to its filing. UB revenue more than doubled last year as global business leaders increasingly require employees to pick up new skills.\nUdemy, which provides over 183,000 courses in 75 languages across more than 180 countries, launched a direct-to-consumer subscription earlier this year, an offering that is still in beta testing mode.\nWith a roughly $200 billion market opportunity, Udemy, which has more than 44 million learners on its platform, expects its estimated addressable market to grow in multiples due to the transition to online learning.\nIt competes with the likes of Pluralsight, Skillsoft Corp and LinkedIn Learning in its corporate training offering and with Coursera and edX in its consumer-facing marketplace.\nMorgan Stanley and J.P. Morgan are the lead underwriters for the IPO, after which the company plans to list on the Nasdaq under the symbol \"UDMY.\"","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820724410,"gmtCreate":1633437134529,"gmtModify":1633437134869,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Top","listText":"Top","text":"Top","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820724410","repostId":"1198529484","repostType":4,"isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865576222,"gmtCreate":1633007767532,"gmtModify":1633007767829,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865576222","repostId":"1194635458","repostType":4,"isVote":1,"tweetType":1,"viewCount":671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865576103,"gmtCreate":1633007705023,"gmtModify":1633007706396,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865576103","repostId":"2171195345","repostType":2,"isVote":1,"tweetType":1,"viewCount":1203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868457018,"gmtCreate":1632702030934,"gmtModify":1632798523338,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868457018","repostId":"2170614462","repostType":4,"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868454618,"gmtCreate":1632701991134,"gmtModify":1632798523944,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"themes":[],"htmlText":"Useless&nbsp;","listText":"Useless&nbsp;","text":"Useless","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868454618","repostId":"1140259596","repostType":4,"repost":{"id":"1140259596","kind":"news","pubTimestamp":1632625109,"share":"https://www.laohu8.com/m/news/1140259596?lang=zh_CN&edition=full","pubTime":"2021-09-26 10:58","market":"us","language":"en","title":"Hands On The Wheel! Tesla Launches Full Self Driving Beta Request Button<blockquote>手放在方向盘上！特斯拉推出全自动驾驶测试版请求按钮</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140259596","media":"benzinga","summary":"Tesla(Get Free Alerts for TSLA)launched a button allowing its car users to request access to the bet","content":"<p><div> Tesla(Get Free Alerts for TSLA)launched a button allowing its car users to request access to the beta testing program of its full self-driving software What Happened: According to a tweet published on...</p><p><blockquote><div>特斯拉（获取TSLA的免费提醒）推出了一个按钮，允许其汽车用户请求访问其全自动驾驶软件的beta测试程序发生了什么：根据发布在...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hands On The Wheel! Tesla Launches Full Self Driving Beta Request Button<blockquote>手放在方向盘上！特斯拉推出全自动驾驶测试版请求按钮</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\">\nHands On The Wheel! Tesla Launches Full Self Driving Beta Request Button<blockquote>手放在方向盘上！特斯拉推出全自动驾驶测试版请求按钮</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">benzinga</strong><span class=\"h-time small\">2021-09-26 10:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Tesla(Get Free Alerts for TSLA)launched a button allowing its car users to request access to the beta testing program of its full self-driving software What Happened: According to a tweet published on...</p><p><blockquote><div>特斯拉（获取TSLA的免费提醒）推出了一个按钮，允许其汽车用户请求访问其全自动驾驶软件的beta测试程序发生了什么：根据发布在...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button\">benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/tech/21/09/23101527/hands-on-the-wheel-tesla-launches-full-self-driving-beta-request-button","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140259596","content_text":"Tesla(Get Free Alerts for TSLA)launched a button allowing its car users to request access to the beta testing program of its full self-driving software\nWhat Happened: According to a tweet published on Saturday by Tesla CEO Elon Musk, the button allowing to request access to the full self-driving beta program will be pushed to vehicles in an over-the-air software update tonight.\nAlthough, full self-driving software version 10.1 “needs another 24 hours of testing” so it will not be released before tomorrow night. The announcement follows recent reports that Tesla cars will monitor and judge its users' driving capabilities and only allow good drivers to access its full self-driving beta testing program.\nThe release will be available to customers who have purchased the $10,000 software upgrade, and those who have purchased a subscription from Tesla for about $100 to $200 per month.\nWhy It's Important:The software in question also finds itself amid renewed controversy, as the San Francisco County Transportation Authority raised concerns that its name is misleading since it claims that it in fact is an advanced driver assistance program, not an autonomous vehicle system.\nSimilarly, the head of the National Transportation Safety Board (NTSB) also recently described Tesla's use of the term “full self-driving” in its driver-assistance technology as “irresponsible.”","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":836491214,"gmtCreate":1629512168938,"gmtModify":1633684341046,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/836491214","repostId":"2161745179","repostType":4,"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147515810,"gmtCreate":1626363624830,"gmtModify":1633927440234,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"To the moon?","listText":"To the moon?","text":"To the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/147515810","repostId":"1164987892","repostType":4,"repost":{"id":"1164987892","kind":"news","pubTimestamp":1626362690,"share":"https://www.laohu8.com/m/news/1164987892?lang=zh_CN&edition=full","pubTime":"2021-07-15 23:24","market":"us","language":"en","title":"AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC和Verb Tech上涨，游戏驿站在模因股中下滑成为焦点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164987892","media":"Thestreet","summary":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology ","content":"<p>Shares of meme-stock veteran AMC Entertainment&nbsp;(<b>AMC</b>)&nbsp;and&nbsp;business software provider Verb Technology&nbsp;(<b>VERB</b>)&nbsp;rose on Thursday, while&nbsp;GameStop&nbsp;(<b>GME</b>)&nbsp;declined.</p><p><blockquote>模因股票资深人士AMC院线的股票（<b>AMC</b>)和商业软件提供商Verb Technology(<b>动词</b>)周四上涨，而游戏驿站(<b>GME</b>）谢绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and&nbsp;perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>堪萨斯州利伍德的AMC。是美国最大的电影院所有者，也可能是第二大最受欢迎的meme股票，最新交易价格为34.80美元，上涨4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop,&nbsp;recently traded at $166.96, off 0.4%.</p><p><blockquote>模因股票的鼻祖、德克萨斯葡萄藤的视频游戏零售商游戏驿站最近的交易价格为166.96美元，下跌0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州American Fork的Verb Technology最近交易价格为2.99美元，上涨20%。截至周三的六个月内，该指数已上涨32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者Mediaco Holding MDIA股价为7.29美元，下跌9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>James“Rev Shark”DePorre用真钱表示，模因交易运动并不新鲜，也不像媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“学会如何挑选自己的股票，”他说，“社交媒体交易在寻找新的股票创意方面出奇的缺乏创造性。”</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外，“商业媒体喜欢将模因交易描绘成一种新事物，但这种交易从数百年前一开始就是市场的一部分，”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。有资金有限的小交易者对他们应该长期持有多元化股票组合的想法不感兴趣，这一点也不奇怪。”</blockquote></p><p> TheStreet.com Founder&nbsp;Jim Cramer also expressed caution&nbsp;this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他表示，“远离AMC和游戏驿站的模因股票似乎是弯曲的”。它们似乎是泵和转储。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC和Verb Tech上涨，游戏驿站在模因股中下滑成为焦点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC和Verb Tech上涨，游戏驿站在模因股中下滑成为焦点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-15 23:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of meme-stock veteran AMC Entertainment&nbsp;(<b>AMC</b>)&nbsp;and&nbsp;business software provider Verb Technology&nbsp;(<b>VERB</b>)&nbsp;rose on Thursday, while&nbsp;GameStop&nbsp;(<b>GME</b>)&nbsp;declined.</p><p><blockquote>模因股票资深人士AMC院线的股票（<b>AMC</b>)和商业软件提供商Verb Technology(<b>动词</b>)周四上涨，而游戏驿站(<b>GME</b>）谢绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and&nbsp;perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>堪萨斯州利伍德的AMC。是美国最大的电影院所有者，也可能是第二大最受欢迎的meme股票，最新交易价格为34.80美元，上涨4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop,&nbsp;recently traded at $166.96, off 0.4%.</p><p><blockquote>模因股票的鼻祖、德克萨斯葡萄藤的视频游戏零售商游戏驿站最近的交易价格为166.96美元，下跌0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州American Fork的Verb Technology最近交易价格为2.99美元，上涨20%。截至周三的六个月内，该指数已上涨32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者Mediaco Holding MDIA股价为7.29美元，下跌9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>James“Rev Shark”DePorre用真钱表示，模因交易运动并不新鲜，也不像媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“学会如何挑选自己的股票，”他说，“社交媒体交易在寻找新的股票创意方面出奇的缺乏创造性。”</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外，“商业媒体喜欢将模因交易描绘成一种新事物，但这种交易从数百年前一开始就是市场的一部分，”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。有资金有限的小交易者对他们应该长期持有多元化股票组合的想法不感兴趣，这一点也不奇怪。”</blockquote></p><p> TheStreet.com Founder&nbsp;Jim Cramer also expressed caution&nbsp;this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他表示，“远离AMC和游戏驿站的模因股票似乎是弯曲的”。它们似乎是泵和转储。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164987892","content_text":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.\nThe granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.\nAnd Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.\nMediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.\nJames “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.\n\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"\nFurther, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.\n“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"\nTheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”","news_type":1,"symbols_score_info":{"VERB":0.9,"GME":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146575119,"gmtCreate":1626094291731,"gmtModify":1633930225293,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Sell msft sell fb","listText":"Sell msft sell fb","text":"Sell msft sell fb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/146575119","repostId":"1103477589","repostType":4,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":871677078,"gmtCreate":1637070735832,"gmtModify":1637070844354,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/871677078","repostId":"2183076130","repostType":4,"isVote":1,"tweetType":1,"viewCount":3350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865576222,"gmtCreate":1633007767532,"gmtModify":1633007767829,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865576222","repostId":"1194635458","repostType":4,"isVote":1,"tweetType":1,"viewCount":671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869709659,"gmtCreate":1632320039071,"gmtModify":1632801263725,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/869709659","repostId":"1146187405","repostType":4,"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813021356,"gmtCreate":1630115257575,"gmtModify":1704956155995,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"What’s your comments?","listText":"What’s your comments?","text":"What’s your comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813021356","repostId":"1162964424","repostType":4,"repost":{"id":"1162964424","kind":"news","pubTimestamp":1630111098,"share":"https://www.laohu8.com/m/news/1162964424?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:38","market":"us","language":"en","title":"Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162964424","media":"TheStreet","summary":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.IPhone users thinking of upgrading their devices this year  should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.Bad news for consumers could be great news for Apple stock investors. If the price increase is con","content":"<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-08-28 08:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162964424","content_text":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.\nIPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.\nBad news for consumers could be great news for Apple stock investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.\nFigure 1: Apple's iPhone 12 Pro.\nWhat happened?\nThe iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.\nIt is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.\nFigure 2: iPhone 12 Pro on Apple's store.\nA quote from Jim Cramer\nOne of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.\nGenerally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that Mad Money’s Jim Cramer has made recently. Here is his quote:\n\n “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”\n\nThe impact to the P&L\nAre higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.\nHolding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.\nHowever, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.\nThe other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836499039,"gmtCreate":1629511995721,"gmtModify":1633684343044,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Easy to say","listText":"Easy to say","text":"Easy to say","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836499039","repostId":"1151608193","repostType":4,"repost":{"id":"1151608193","kind":"news","pubTimestamp":1629728324,"share":"https://www.laohu8.com/m/news/1151608193?lang=zh_CN&edition=full","pubTime":"2021-08-23 22:18","market":"us","language":"en","title":"Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151608193","media":"MarketWatch","summary":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correcti","content":"<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares半导体ETF较近期高点下跌超过6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要严重。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares半导体ETF较近期高点下跌超过6%，而标普500、纳斯达克综合指数和道琼斯工业平均指数的跌幅为2%或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股值得买入？或者这个历史上周期性的行业是否会故技重施，进入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有多年股票而不是租用几天，那么该集团是值得买入的。主要原因：“这次不一样。”</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>诚然，这些是投资中最可怕的词语之一。但芯片行业已经发生了如此大的变化，现在确实有所不同——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我去看看。但首先，以下是该组织现在“更安全”的三个主要原因，以及过去几天我与之交谈的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>Impax Asset Management的投资组合经理David Winborne表示：“芯片行业的需求总是由产品周期驱动而繁荣和萧条。”<a href=\"https://laohu8.com/S/FBNC\">第一</a>个人电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长情况更容易预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益“数字化”，从各个角度来看，终端市场需求更加多样化。将远程办公服务视为<a href=\"https://laohu8.com/S/ZM\">Zoom</a>看好该集团的Gabelli Funds投资组合经理兼科技分析师Hendi Susanto指出，在线购物、云服务、电动汽车、5G手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>Motley Fool芯片行业分析师John Rotonti表示：“现代数字经济的任何方面都离不开半导体。”“这意味着更多的芯片进入所有领域。长期需求是存在的。”</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他不是在开玩笑。William Blair分析师Greg Scolaro预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着你所听到的普遍供应短缺“可能要到明年年底才能得到解决”，他说<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师Vivek Arya。“这不仅仅是我们的观点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>得到了大多数大客户的确认。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2.玩家已经巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上上下下，从设计到各种类型的设备生产商再到制造，行业参与者已经整合到罗通蒂·评级“赢得”的双头垄断或垄断中。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻（EUV）领域的ASML等专业领域占据主导地位。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好来赢得他们的利基或双头垄断地位。这使得投资者对它们很感兴趣。罗通蒂表示，整合还意味着参与者在定价和产能方面表现得更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所提升</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力远高于历史水平。“过去几年，芯片制造的经济性有了很大改善，”温伯恩说。现金流或EBITDA利润率现在通常超过30%，而十年前还在20%左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere&amp;Co.的投资组合经理Lamar Villere指出，尽管芯片股的交易价格约为市场倍数，但它们看起来很便宜，因为它们是更好的公司。“他们的市盈率并不是泡沫。”</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>值得购买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近调查的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新的管理策略</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管Thrivent的高级股票研究分析师Peter Karazeris有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司，它们的业绩可能会因为在新管理层的领导下而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳健的盈利能力。高通最近受到了一次性问题的打击，例如德克萨斯州的恶劣天气导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">安森美半导体</a>正在从手机扩展到汽车、工业和物联网互联设备领域等新领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris还特别提到了Nvidia，该公司因其卓越的设计能力而从数据中心和游戏设备芯片需求中获得持续增长。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当像高通和英伟达这样的公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">新思科技</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool的Rotonti解释说，他们基于软件的设计工具帮助芯片创新者为他们的芯片创建蓝图，他挑出了这些名字。“他们不是世界上最快的种植者，但他们有很好的利润率。”他们也主宰着这个空间。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV播放</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图放在硅上，台积电和三星等公司转向ASML。它的机器使用微小的光脉冲将芯片设计模板到硅片上，这一过程被称为极紫外光刻。“没有人知道如何做到这一点，”罗通蒂说。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应做到这一点的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供应过剩</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多产品，这样就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne表示，希望到2025年生产70%的芯片，高于目前的5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>这里的结果是，有大量的政府支持来促进制造业——所以会有更多的支持。风险在于未来某个时候供应过剩。这也可能会推动芯片设备的购买，导致未来的平静，这可能会损害设备制造商的销售和利润趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair的Scolaro指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>令人不安的信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人指数（PMI）在4月份达到顶峰，然后连续三个月减速。与此同时，芯片销售持续增长。在Thrivent跟踪这一指标的Karazeris指出，通常情况下，两者遵循相同的趋势。他将这种差异归因于库存建设，而库存建设的可持续性不如真实的终端市场需求。因此，他将这种背离视为芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“这些通常是你在周期顶部而不是底部看到的事情，”卡拉泽里斯说。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但全球PMI放缓也有可能更多地反映了芯片短缺，而不是表明短缺并不真实（只是库存增加）。Leuthold经济学家兼策略师吉姆·保尔森(Jim Paulsen)表示：“这种分歧并不一定意味着芯片订单会滚动并死亡。这意味着芯片制造业必须迎头赶上。”</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布，由于芯片短缺，而不是潜在需求短缺，它不得不削减产量。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及被压抑的大件商品需求等因素，良好的经济增长是可持续的。如果他是对的，持续的经济实力将支持对所有使用芯片的产品的需求——包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-23 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares半导体ETF较近期高点下跌超过6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要严重。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares半导体ETF较近期高点下跌超过6%，而标普500、纳斯达克综合指数和道琼斯工业平均指数的跌幅为2%或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股值得买入？或者这个历史上周期性的行业是否会故技重施，进入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有多年股票而不是租用几天，那么该集团是值得买入的。主要原因：“这次不一样。”</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>诚然，这些是投资中最可怕的词语之一。但芯片行业已经发生了如此大的变化，现在确实有所不同——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我去看看。但首先，以下是该组织现在“更安全”的三个主要原因，以及过去几天我与之交谈的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>Impax Asset Management的投资组合经理David Winborne表示：“芯片行业的需求总是由产品周期驱动而繁荣和萧条。”<a href=\"https://laohu8.com/S/FBNC\">第一</a>个人电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长情况更容易预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益“数字化”，从各个角度来看，终端市场需求更加多样化。将远程办公服务视为<a href=\"https://laohu8.com/S/ZM\">Zoom</a>看好该集团的Gabelli Funds投资组合经理兼科技分析师Hendi Susanto指出，在线购物、云服务、电动汽车、5G手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>Motley Fool芯片行业分析师John Rotonti表示：“现代数字经济的任何方面都离不开半导体。”“这意味着更多的芯片进入所有领域。长期需求是存在的。”</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他不是在开玩笑。William Blair分析师Greg Scolaro预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着你所听到的普遍供应短缺“可能要到明年年底才能得到解决”，他说<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师Vivek Arya。“这不仅仅是我们的观点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>得到了大多数大客户的确认。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2.玩家已经巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上上下下，从设计到各种类型的设备生产商再到制造，行业参与者已经整合到罗通蒂·评级“赢得”的双头垄断或垄断中。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻（EUV）领域的ASML等专业领域占据主导地位。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好来赢得他们的利基或双头垄断地位。这使得投资者对它们很感兴趣。罗通蒂表示，整合还意味着参与者在定价和产能方面表现得更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所提升</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力远高于历史水平。“过去几年，芯片制造的经济性有了很大改善，”温伯恩说。现金流或EBITDA利润率现在通常超过30%，而十年前还在20%左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere&amp;Co.的投资组合经理Lamar Villere指出，尽管芯片股的交易价格约为市场倍数，但它们看起来很便宜，因为它们是更好的公司。“他们的市盈率并不是泡沫。”</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>值得购买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近调查的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新的管理策略</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管Thrivent的高级股票研究分析师Peter Karazeris有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司，它们的业绩可能会因为在新管理层的领导下而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳健的盈利能力。高通最近受到了一次性问题的打击，例如德克萨斯州的恶劣天气导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">安森美半导体</a>正在从手机扩展到汽车、工业和物联网互联设备领域等新领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris还特别提到了Nvidia，该公司因其卓越的设计能力而从数据中心和游戏设备芯片需求中获得持续增长。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当像高通和英伟达这样的公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">新思科技</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool的Rotonti解释说，他们基于软件的设计工具帮助芯片创新者为他们的芯片创建蓝图，他挑出了这些名字。“他们不是世界上最快的种植者，但他们有很好的利润率。”他们也主宰着这个空间。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV播放</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图放在硅上，台积电和三星等公司转向ASML。它的机器使用微小的光脉冲将芯片设计模板到硅片上，这一过程被称为极紫外光刻。“没有人知道如何做到这一点，”罗通蒂说。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应做到这一点的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供应过剩</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多产品，这样就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne表示，希望到2025年生产70%的芯片，高于目前的5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>这里的结果是，有大量的政府支持来促进制造业——所以会有更多的支持。风险在于未来某个时候供应过剩。这也可能会推动芯片设备的购买，导致未来的平静，这可能会损害设备制造商的销售和利润趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair的Scolaro指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>令人不安的信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人指数（PMI）在4月份达到顶峰，然后连续三个月减速。与此同时，芯片销售持续增长。在Thrivent跟踪这一指标的Karazeris指出，通常情况下，两者遵循相同的趋势。他将这种差异归因于库存建设，而库存建设的可持续性不如真实的终端市场需求。因此，他将这种背离视为芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“这些通常是你在周期顶部而不是底部看到的事情，”卡拉泽里斯说。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但全球PMI放缓也有可能更多地反映了芯片短缺，而不是表明短缺并不真实（只是库存增加）。Leuthold经济学家兼策略师吉姆·保尔森(Jim Paulsen)表示：“这种分歧并不一定意味着芯片订单会滚动并死亡。这意味着芯片制造业必须迎头赶上。”</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布，由于芯片短缺，而不是潜在需求短缺，它不得不削减产量。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及被压抑的大件商品需求等因素，良好的经济增长是可持续的。如果他是对的，持续的经济实力将支持对所有使用芯片的产品的需求——包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","QCOM":"高通","ASML":"阿斯麦","NVDA":"英伟达","SOXX":"iShares费城交易所半导体ETF","AMZN":"亚马逊","ON":"安森美半导体","SNPS":"新思科技","GOOGL":"谷歌A","SSNLF":"三星电子","CDNS":"铿腾电子","GOOG":"谷歌","TSM":"台积电"},"source_url":"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151608193","content_text":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correction that’s running through the stock market, chip makers have been hit harder than most.\nThe iShares Semiconductor ETF is down over 6% from recent highs, compared to declines of 2% or less for the S&P 500,Nasdaq Composite and the Dow Jones Industrial Average.\nDoes that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.\nA lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”\nThose are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.\nYou’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.\n1. The wicked witch of cyclicality is dead\n“Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “First PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.\nJust look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like Zoom, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.\n“There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”\nHe’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William Blair analyst Greg Scolaro.\nAll of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says Bank of America chip sector analyst Vivek Arya. “That’s not just our view, but one confirmed by a majority of large customers.”\n2. The players have consolidated\nAll up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.\nIn chip design software, you have Cadence Design Systems and Synopsys.In production equipment, companies dominate specialized niches like ASML in extreme ultraviolet lithography (EUV). Manufacturing is dominated by Taiwan Semiconductor and Samsung Electronics.\nThese companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.\n3. Profitability has improved\nThis more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.\nThis has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere & Co. “They are not trading at a frothy multiple.”\nThe stocks to buy\nHere are six names favored by chip experts I recently checked in with.\nNew management plays\nThough Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm and ON Semiconductor.\nBoth have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. ON Semiconductor is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.\nA data center and gaming play\nKarazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.\nDesign tool companies\nSpeaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and Synopsys.\nTheir software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.\nAn EUV play\nTo put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.\nIn other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.\nRisks\nHere are some of the chief risks for chip sector investors to watch.\nOversupply\nChip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. China wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.\nThe upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.\nNext, big tech companies like Alphabet,Apple and Ammazon.com are all doing their own chip design, which threatens specialized chip companies that do the same thing.\nQuantum computing\nComputers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”\nA disturbing signal\nA blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.\nAnother cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory (DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.\nBut it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.\nFord,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.\nPaulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including Ford cars.","news_type":1,"symbols_score_info":{"TSM":0.9,"AMZN":0.9,"ON":0.9,"QCOM":0.9,"SSNLF":0.9,"CDNS":0.9,"SNPS":0.9,"ASML":0.9,"AAPL":0.9,"GOOGL":0.9,"GOOG":0.9,"SOXX":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813021577,"gmtCreate":1630115280699,"gmtModify":1704956156687,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"What not to like?&nbsp;","listText":"What not to like?&nbsp;","text":"What not to like?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813021577","repostId":"2162024053","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147514847,"gmtCreate":1626363680789,"gmtModify":1633927439322,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578904373237924","idStr":"3578904373237924"},"themes":[],"htmlText":"Hearing this since forever and never crashed? [Surprised]&nbsp;","listText":"Hearing this since forever and never crashed? [Surprised]&nbsp;","text":"Hearing this since forever and never crashed? [Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/147514847","repostId":"1155093230","repostType":4,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}