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jakejak3jake

jakejak3jake

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2021-08-12

我的计划是买 $Sea Ltd(SE)$ , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低

@Buy_Sell:🔥【8月12日】疫苗小甜甜变身牛夫人，今天买什么

2021-07-02

Coming

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2021-07-02

Nice

Turkey's Hepsiburada valued at $3.8 billion in strong Nasdaq debut<blockquote>土耳其 Hepsiburada 在纳斯达克首次亮相，估值达 38 亿美元</blockquote>

2021-06-25

Let’s go cathie!

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2021-06-20

I love iPod

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2021-06-20

Buy the dip

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2021-06-19

One of my top performing stocks

Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>

2021-06-18

Buy the dip

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2021-06-18

Finally, I’ve been a bag holder for so long

Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>

2021-06-17

Pls like and comment

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2021-06-16

Buy the dip

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2021-06-15

Please Like and comment

Meme Stock or Not, Analysts See Upside for Wendy’s Shares<blockquote>无论是否是 Meme 股票，分析师都认为 Wendy's 股票有上涨空间</blockquote>

2021-06-15

Comment

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2021-06-14

Buy the dip!! Pls like and comment

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2021-06-14

Buy the dip!! Pls like and comment

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2021-06-13

Please like and commeny

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2021-06-13

Like and comment

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2021-06-13

Madness

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2021-06-12

Like and comment thanks

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2021-06-11

立刻来comment！

@jakejak3jake:Is it better to buy growth or value stocks now?Please like and comment

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<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","listText":"我的计划是买 <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","text":"我的计划是买 $Sea Ltd(SE)$ , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894094886","repostId":"895876757","repostType":1,"repost":{"id":895876757,"gmtCreate":1628735922875,"gmtModify":1628736543155,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667596890271","authorIdStr":"3527667596890271"},"themes":[],"title":"🔥【8月12日】疫苗小甜甜变身牛夫人，今天买什么","htmlText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 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跌3.36%，$百济神州(06160)$","images":[{"img":"https://static.tigerbbs.com/b7dacd6a9cd75c4fe8ab13a5697eec43","width":"200","height":"193"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895876757","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":158776631,"gmtCreate":1625184287223,"gmtModify":1633942842658,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Coming&nbsp;","listText":"Coming&nbsp;","text":"Coming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158776631","repostId":"2148825910","repostType":4,"isVote":1,"tweetType":1,"viewCount":2270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158778037,"gmtCreate":1625184263129,"gmtModify":1633942843959,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158778037","repostId":"1100891555","repostType":4,"repost":{"id":"1100891555","kind":"news","pubTimestamp":1625182351,"share":"https://www.laohunote.com/m/news/1100891555?lang=zh_CN&edition=full","pubTime":"2021-07-02 07:32","market":"us","language":"en","title":"Turkey's Hepsiburada valued at $3.8 billion in strong Nasdaq debut<blockquote>土耳其 Hepsiburada 在纳斯达克首次亮相，估值达 38 亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100891555","media":"Reuters","summary":"(Reuters) -Shares of D-MARKET Electronic Services & Trading , also known as Hepsiburada, rose nearly","content":"<p>(Reuters) -Shares of D-MARKET Electronic Services &amp; Trading , also known as Hepsiburada, rose nearly 12% in their U.S. stock market debut on Thursday, giving the Turkish e-commerce platform a market value of $3.8 billion.</p><p><blockquote>（路透社） - D-MARKET Electronic Services &amp; Trading（也称为 Hepsiburada）的股价周四在美国股市首次亮相时上涨近 12%，使这家土耳其电子商务平台的市值达到 38 亿美元。</blockquote></p><p> Hepsiburada’s American Depositary Shares (ADS) opened at $12.75 and closed the day at $13.43, above their initial public offering (IPO) price of $12 per ADS.</p><p><blockquote>Hepsiburada 的美国存托股票（ADS）开盘价为 12.75 美元，收盘价为 13.43 美元，高于其首次公开募股（IPO）每股 12 美元的价格。</blockquote></p><p> Hepsiburada, the first Turkish company listed on the Nasdaq exchange, sold 56.7 million ADS earlier in the day to raise more than $680 million, with existing shareholders putting up a little over 15 million of the shares on offer.</p><p><blockquote>Hepsiburada 是第一家在纳斯达克交易所上市的土耳其公司，当天早些时候出售了 5670 万股美国存托凭证，筹集了超过 6.8 亿美元的资金，现有股东发行了略高于 1500 万股的股票。</blockquote></p><p> Founded in 2000, Hepsiburada operates online platforms on which consumers can order items ranging from groceries and essentials to airline tickets. The company launched its marketplace in 2015 and has an in-house logistics network, touting that 64% of its orders are delivered the next-day.</p><p><blockquote>Hepsiburada成立于2000年，运营在线平台，消费者可以在上面订购从食品杂货和必需品到机票的各种商品。该公司于 2015 年推出了 marketplace，并拥有内部物流网络，宣称其 64% 的订单在第二天送达。</blockquote></p><p> With 9 million active customers, Hepsiburada’s revenue and gross merchandise value, which refers to the total value of products sold, more than doubled in 2020 compared with a year earlier, a regulatory filing showed.</p><p><blockquote>一份监管文件显示，Hepsiburada 拥有 900 万活跃客户，2020 年的收入和商品总价值（指销售产品的总价值）比上年增长了一倍多。</blockquote></p><p> “Turkish e-commerce is at an inflection point and we have ambitious plans to continue leading digitalization of commerce. Our story resonated with international investors,” Hepsiburada’s founder and Chairwoman Hanzade Dogan Boyner said in an interview.</p><p><blockquote>“土耳其电子商务正处于转折点，我们制定了雄心勃勃的计划，继续引领商业数字化。我们的故事引起了国际投资者的共鸣，”Hepsiburada 创始人兼董事长 Hanzade Dogan Boyner 在接受采访时说。</blockquote></p><p> The company plans to use the proceeds to invest in logistic infrastructure as well as expand in new initiatives including grocery delivery and digital payment services.</p><p><blockquote>该公司计划利用所得资金投资物流基础设施，并扩大包括杂货配送和数字支付服务在内的新举措。</blockquote></p><p> Hepsiburada enters the U.S. stock market in one of 2021’s busiest weeks for market debuts. Chinese ride hailing company Didi Global Inc’s debut on Wednesday marked the biggest U.S. listing by a Chinese company since 2014.</p><p><blockquote>Hepsiburada 在 2021 年最繁忙的上市周之一进入美国股市。中国网约车公司滴滴全球公司周三首次亮相，标志着自2014年以来中国公司在美国最大规模的上市。</blockquote></p><p> Morgan Stanley, J.P. Morgan, Goldman Sachs &amp; Co, BofA Securities and UBS Securities were the underwriters for Hepsiburada’s offering.</p><p><blockquote>摩根士丹利、摩根大通、高盛、美国银行证券和瑞银证券是 Hepsiburada 发行的承销商。</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>Turkey's Hepsiburada valued at $3.8 billion in strong Nasdaq debut<blockquote>土耳其 Hepsiburada 在纳斯达克首次亮相，估值达 38 亿美元</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\">\nTurkey's Hepsiburada valued at $3.8 billion in strong Nasdaq debut<blockquote>土耳其 Hepsiburada 在纳斯达克首次亮相，估值达 38 亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-02 07:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) -Shares of D-MARKET Electronic Services &amp; Trading , also known as Hepsiburada, rose nearly 12% in their U.S. stock market debut on Thursday, giving the Turkish e-commerce platform a market value of $3.8 billion.</p><p><blockquote>（路透社） - D-MARKET Electronic Services &amp; Trading（也称为 Hepsiburada）的股价周四在美国股市首次亮相时上涨近 12%，使这家土耳其电子商务平台的市值达到 38 亿美元。</blockquote></p><p> Hepsiburada’s American Depositary Shares (ADS) opened at $12.75 and closed the day at $13.43, above their initial public offering (IPO) price of $12 per ADS.</p><p><blockquote>Hepsiburada 的美国存托股票（ADS）开盘价为 12.75 美元，收盘价为 13.43 美元，高于其首次公开募股（IPO）每股 12 美元的价格。</blockquote></p><p> Hepsiburada, the first Turkish company listed on the Nasdaq exchange, sold 56.7 million ADS earlier in the day to raise more than $680 million, with existing shareholders putting up a little over 15 million of the shares on offer.</p><p><blockquote>Hepsiburada 是第一家在纳斯达克交易所上市的土耳其公司，当天早些时候出售了 5670 万股美国存托凭证，筹集了超过 6.8 亿美元的资金，现有股东发行了略高于 1500 万股的股票。</blockquote></p><p> Founded in 2000, Hepsiburada operates online platforms on which consumers can order items ranging from groceries and essentials to airline tickets. The company launched its marketplace in 2015 and has an in-house logistics network, touting that 64% of its orders are delivered the next-day.</p><p><blockquote>Hepsiburada成立于2000年，运营在线平台，消费者可以在上面订购从食品杂货和必需品到机票的各种商品。该公司于 2015 年推出了 marketplace，并拥有内部物流网络，宣称其 64% 的订单在第二天送达。</blockquote></p><p> With 9 million active customers, Hepsiburada’s revenue and gross merchandise value, which refers to the total value of products sold, more than doubled in 2020 compared with a year earlier, a regulatory filing showed.</p><p><blockquote>一份监管文件显示，Hepsiburada 拥有 900 万活跃客户，2020 年的收入和商品总价值（指销售产品的总价值）比上年增长了一倍多。</blockquote></p><p> “Turkish e-commerce is at an inflection point and we have ambitious plans to continue leading digitalization of commerce. Our story resonated with international investors,” Hepsiburada’s founder and Chairwoman Hanzade Dogan Boyner said in an interview.</p><p><blockquote>“土耳其电子商务正处于转折点，我们制定了雄心勃勃的计划，继续引领商业数字化。我们的故事引起了国际投资者的共鸣，”Hepsiburada 创始人兼董事长 Hanzade Dogan Boyner 在接受采访时说。</blockquote></p><p> The company plans to use the proceeds to invest in logistic infrastructure as well as expand in new initiatives including grocery delivery and digital payment services.</p><p><blockquote>该公司计划利用所得资金投资物流基础设施，并扩大包括杂货配送和数字支付服务在内的新举措。</blockquote></p><p> Hepsiburada enters the U.S. stock market in one of 2021’s busiest weeks for market debuts. Chinese ride hailing company Didi Global Inc’s debut on Wednesday marked the biggest U.S. listing by a Chinese company since 2014.</p><p><blockquote>Hepsiburada 在 2021 年最繁忙的上市周之一进入美国股市。中国网约车公司滴滴全球公司周三首次亮相，标志着自2014年以来中国公司在美国最大规模的上市。</blockquote></p><p> Morgan Stanley, J.P. Morgan, Goldman Sachs &amp; Co, BofA Securities and UBS Securities were the underwriters for Hepsiburada’s offering.</p><p><blockquote>摩根士丹利、摩根大通、高盛、美国银行证券和瑞银证券是 Hepsiburada 发行的承销商。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/hepsiburada-ipo/update-2-turkeys-hepsiburada-valued-at-3-8-bln-in-strong-nasdaq-debut-idUSL3N2OD3TF\">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":{"HEPS":"D-MARKET Electronic Services & Trading"},"source_url":"https://www.reuters.com/article/hepsiburada-ipo/update-2-turkeys-hepsiburada-valued-at-3-8-bln-in-strong-nasdaq-debut-idUSL3N2OD3TF","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100891555","content_text":"(Reuters) -Shares of D-MARKET Electronic Services & Trading , also known as Hepsiburada, rose nearly 12% in their U.S. stock market debut on Thursday, giving the Turkish e-commerce platform a market value of $3.8 billion.\nHepsiburada’s American Depositary Shares (ADS) opened at $12.75 and closed the day at $13.43, above their initial public offering (IPO) price of $12 per ADS.\nHepsiburada, the first Turkish company listed on the Nasdaq exchange, sold 56.7 million ADS earlier in the day to raise more than $680 million, with existing shareholders putting up a little over 15 million of the shares on offer.\nFounded in 2000, Hepsiburada operates online platforms on which consumers can order items ranging from groceries and essentials to airline tickets. The company launched its marketplace in 2015 and has an in-house logistics network, touting that 64% of its orders are delivered the next-day.\nWith 9 million active customers, Hepsiburada’s revenue and gross merchandise value, which refers to the total value of products sold, more than doubled in 2020 compared with a year earlier, a regulatory filing showed.\n“Turkish e-commerce is at an inflection point and we have ambitious plans to continue leading digitalization of commerce. Our story resonated with international investors,” Hepsiburada’s founder and Chairwoman Hanzade Dogan Boyner said in an interview.\nThe company plans to use the proceeds to invest in logistic infrastructure as well as expand in new initiatives including grocery delivery and digital payment services.\nHepsiburada enters the U.S. stock market in one of 2021’s busiest weeks for market debuts. Chinese ride hailing company Didi Global Inc’s debut on Wednesday marked the biggest U.S. listing by a Chinese company since 2014.\nMorgan Stanley, J.P. Morgan, Goldman Sachs & Co, BofA Securities and UBS Securities were the underwriters for Hepsiburada’s offering.","news_type":1,"symbols_score_info":{"HEPS":0.9}},"isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126448697,"gmtCreate":1624582874519,"gmtModify":1633950985283,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Let’s go cathie!","listText":"Let’s go cathie!","text":"Let’s go cathie!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/126448697","repostId":"1160571601","repostType":4,"isVote":1,"tweetType":1,"viewCount":2743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165478987,"gmtCreate":1624156181549,"gmtModify":1634010145866,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"I love iPod&nbsp;","listText":"I love iPod&nbsp;","text":"I love iPod","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/165478987","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":2099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165473663,"gmtCreate":1624156130952,"gmtModify":1634010147616,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Buy the dip&nbsp;","listText":"Buy the dip&nbsp;","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/165473663","repostId":"1133385197","repostType":4,"isVote":1,"tweetType":1,"viewCount":2468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162666374,"gmtCreate":1624061748298,"gmtModify":1631883986690,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"One of my top performing stocks&nbsp;","listText":"One of my top performing stocks&nbsp;","text":"One of my top performing stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/162666374","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohunote.com/m/news/2144774740?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高级管理人员表示，随着 Covid-19 大流行的减弱，经济重新开放将受益。该公司的击败加薪季度报告提供了证据。ADBE 股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚间公布的第二财季收益轻松超出预期。Adobe 还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司调整后每股收益为 3.03 美元，截至 6 月 4 日的季度销售额为 38.4 亿美元。与去年同期相比，Adobe 盈利增长 24%，销售额增长 23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>本季度，Adobe 预计调整后每股收益为 3 美元，增长 17%，销售额为 38.8 亿美元，增长 20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>收益报告发布后 ADBE 股价上涨</h2>今天股市早盘交易中，ADBE 股价上涨 2.2%，接近 563.35。盘中早些时候，ADBE 股价创下 570 点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的所有三个业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度以出色的表现杀死了它，”首席财务官约翰·墨菲告诉《投资者商业日报》。“以个性化的方式创建内容和客户体验参与正在我们所有的业务中引起共鸣。它确实推动了业务的势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在公司季节性疲软的第三财季继续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>“宏观经济的稳定给了许多企业再次投资的信心，”墨菲说。“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他说，疫情后经济的重新开放和办公室的重返应该会为 Adobe 的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师上调 Adobe 股票目标价</h2>财报发布后，至少 15 名华尔街分析师上调了 ADBE 股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师 Gregg Moskowitz 重申了对 ADBE 股票的买入评级，并将目标价从 600 点上调至 640 点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe 广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe 完全有能力从数字化转型中受益，其全面的端到端产品使其与竞争对手区分开来。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据 IBD MarketSmith 图表，6 月 11 日，ADBE 股票以 536.98 的买入点突破了 40 周盘整期。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD 排行榜分析为投资者提供了 525.54 的早期买入点，该买入点来自较大的盘整模式中的杯子基数。</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>Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-06-18 23:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高级管理人员表示，随着 Covid-19 大流行的减弱，经济重新开放将受益。该公司的击败加薪季度报告提供了证据。ADBE 股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚间公布的第二财季收益轻松超出预期。Adobe 还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司调整后每股收益为 3.03 美元，截至 6 月 4 日的季度销售额为 38.4 亿美元。与去年同期相比，Adobe 盈利增长 24%，销售额增长 23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>本季度，Adobe 预计调整后每股收益为 3 美元，增长 17%，销售额为 38.8 亿美元，增长 20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>收益报告发布后 ADBE 股价上涨</h2>今天股市早盘交易中，ADBE 股价上涨 2.2%，接近 563.35。盘中早些时候，ADBE 股价创下 570 点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的所有三个业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度以出色的表现杀死了它，”首席财务官约翰·墨菲告诉《投资者商业日报》。“以个性化的方式创建内容和客户体验参与正在我们所有的业务中引起共鸣。它确实推动了业务的势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在公司季节性疲软的第三财季继续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>“宏观经济的稳定给了许多企业再次投资的信心，”墨菲说。“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他说，疫情后经济的重新开放和办公室的重返应该会为 Adobe 的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师上调 Adobe 股票目标价</h2>财报发布后，至少 15 名华尔街分析师上调了 ADBE 股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师 Gregg Moskowitz 重申了对 ADBE 股票的买入评级，并将目标价从 600 点上调至 640 点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe 广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe 完全有能力从数字化转型中受益，其全面的端到端产品使其与竞争对手区分开来。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据 IBD MarketSmith 图表，6 月 11 日，ADBE 股票以 536.98 的买入点突破了 40 周盘整期。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD 排行榜分析为投资者提供了 525.54 的早期买入点，该买入点来自较大的盘整模式中的杯子基数。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168566948,"gmtCreate":1623978906284,"gmtModify":1634024874157,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168566948","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":3066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168561599,"gmtCreate":1623978883211,"gmtModify":1634024875090,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Finally, I’ve been a bag holder for so long","listText":"Finally, I’ve been a bag holder for so long","text":"Finally, I’ve been a bag holder for so long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168561599","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohunote.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</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>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">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":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163595644,"gmtCreate":1623888184788,"gmtModify":1634026486603,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/163595644","repostId":"2144713861","repostType":4,"isVote":1,"tweetType":1,"viewCount":2640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160582685,"gmtCreate":1623802094047,"gmtModify":1634028051297,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160582685","repostId":"2143680537","repostType":4,"isVote":1,"tweetType":1,"viewCount":867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184237729,"gmtCreate":1623715445561,"gmtModify":1634029775292,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Please Like and comment","listText":"Please Like and comment","text":"Please Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/184237729","repostId":"1107804845","repostType":4,"repost":{"id":"1107804845","kind":"news","pubTimestamp":1623715305,"share":"https://www.laohunote.com/m/news/1107804845?lang=zh_CN&edition=full","pubTime":"2021-06-15 08:01","market":"us","language":"en","title":"Meme Stock or Not, Analysts See Upside for Wendy’s Shares<blockquote>无论是否是 Meme 股票，分析师都认为 Wendy's 股票有上涨空间</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107804845","media":"Barrons","summary":"Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the","content":"<p>Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the stock—one that doesn’t involve Reddit comments.</p><p><blockquote>温迪的股票上周经历了一波备忘录股票波动。现在，分析师们正在为该股辩护--一个不涉及 Reddit 评论的辩护。</blockquote></p><p> Wendy’s stock (ticker: WEN) was up 1.5% to $24.50 on Monday. Shares soared to a close of $28.87 last Tuesday, but pulled back through the tail end of the week. In between, speculation swirled that the company was caught in a broader market fascination&nbsp;with meme stocks.</p><p><blockquote>Wendy's 股票（股票代码：WEN）周一上涨 1.5%，至 24.50 美元。上周二，股价飙升至 28.87 美元的收盘价，但在周末有所回落。与此同时，有猜测称该公司陷入了更广泛的市场对模因股票的迷恋。</blockquote></p><p> Piper Sandler analyst Nicole Miller Regan wrote in a note on Sunday that she’s seeing increasing momentum for Wendy’s. The analyst estimates May same-store-sales growth in the mid teens, pointing to menu innovation efforts and its app and related loyalty program.</p><p><blockquote>Piper Sandler 分析师妮可-米勒-里根（Nicole Miller Regan）在周日的一份报告中写道，她看到 Wendy's 的发展势头越来越大。分析师估计，同店销售额可能会在十几岁左右增长，这得益于菜单创新的努力及其应用程序和相关的忠诚度计划。</blockquote></p><p> “The company is continuing to drive awareness and usage of the new breakfast daypart, drive digital sales, and capture an increasing percentage of sales as consumer mobility rebounds via new product news and strong store-level operational execution,” the analyst wrote.</p><p><blockquote>“这位分析师写道：”随着消费者流动性通过新产品新闻和强劲的门店级运营执行力反弹，公司将继续提高人们对新早餐日部分的认识和使用，推动数字销售，并获得越来越大的销售额份额。</blockquote></p><p> The note did not reference meme stock speculation. Unlike more popular meme stocks&nbsp;GameStop(GME) and&nbsp;AMC Entertainment(AMC), Wendy’s does not have an excessive short interest. It also&nbsp;was solidly liked&nbsp;by Wall Street analysts. Of the 27 analysts listed by FactSet, 15 have Buy ratings.</p><p><blockquote>该说明没有提到模因股票投机。与更受欢迎的备忘录股票游戏驿站（GME）和AMC院线（AMC）不同，Wendy's 并没有过多的空头兴趣。它也深受华尔街分析师的喜爱。FactSet 列出的 27 名分析师中，有 15 名给予买入评级。</blockquote></p><p> Some speculated that Wall Street pros tracking&nbsp;ticker mentions in Reddit threads&nbsp;may have been bamboozled by the phrase “Wen moon?” or “Wen rich?” which are winking references to the notion that Reddit users are “dumb money” wondering when their latest stock will take off,according to MarketWatch. “WEN” is also the ticker for Wendy’s.</p><p><blockquote>有人猜测，在 Reddit 帖子中追踪股票代码提及的华尔街专业人士可能被 “文月？”这句话迷惑了。或者“温·里奇？”据 MarketWatch 报道，这暗指 Reddit 用户是 “傻钱”，不知道自己最新的股票何时会起飞。“WEN ”也是 Wendy's 的股票代码。</blockquote></p><p> Regardless, the Piper Sandler analyst views the balance sheet and efforts to pay down debt and repurchase shares positively. She reiterated an Overweight rating and $27 price target, arguing the stock’s recent levels appear to be a decent entry point.</p><p><blockquote>无论如何，派珀桑德勒分析师对资产负债表以及偿还债务和回购股票的努力持积极态度。她重申了跑赢大盘的评级和 27 美元的目标价，认为该股最近的水平似乎是一个不错的入场点。</blockquote></p><p> “Over time, the company is positioned to leverage its technology and mobile ordering platforms (as a complement to mobile/grab-and-go and curbsidedelivery functions, as an example) while also working to deliver a series of increasingly personalized communications and offers to its growing base of guests within its recently launched loyalty program (which include 13 million total and 3 million active members as of the 1Q21 period),” she added.</p><p><blockquote>“她补充说：”随着时间的推移，公司将利用其技术和移动订购平台（例如，作为移动/外卖和路边配送功能的补充），同时还将努力在最近推出的忠诚度计划（截至2021年第一季度期间，该计划共有 1300 万会员和 300 万活跃会员）中为不断增长的客户群提供一系列日益个性化的沟通和优惠。</blockquote></p><p> Also on Monday, Northcoast analyst Jim Sanderson upgraded the stock to Buy from Neutral with a $30 price target, according to Bloomberg.</p><p><blockquote>据彭博社报道，同样在周一，Northcoast 分析师吉姆·桑德森 (Jim Sanderson) 将该股评级从中性上调至买入，目标价为 30 美元。</blockquote></p><p> The mean analyst price target for Wendy’s is $26.15, according to FactSet. Meme or not, analysts still see upside.</p><p><blockquote>FactSet 的数据显示，分析师对 Wendy's 的平均目标价为 26.15 美元。不管是不是迷因，分析师仍然看到了上行空间。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme Stock or Not, Analysts See Upside for Wendy’s Shares<blockquote>无论是否是 Meme 股票，分析师都认为 Wendy's 股票有上涨空间</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\">\nMeme Stock or Not, Analysts See Upside for Wendy’s Shares<blockquote>无论是否是 Meme 股票，分析师都认为 Wendy's 股票有上涨空间</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-15 08:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the stock—one that doesn’t involve Reddit comments.</p><p><blockquote>温迪的股票上周经历了一波备忘录股票波动。现在，分析师们正在为该股辩护--一个不涉及 Reddit 评论的辩护。</blockquote></p><p> Wendy’s stock (ticker: WEN) was up 1.5% to $24.50 on Monday. Shares soared to a close of $28.87 last Tuesday, but pulled back through the tail end of the week. In between, speculation swirled that the company was caught in a broader market fascination&nbsp;with meme stocks.</p><p><blockquote>Wendy's 股票（股票代码：WEN）周一上涨 1.5%，至 24.50 美元。上周二，股价飙升至 28.87 美元的收盘价，但在周末有所回落。与此同时，有猜测称该公司陷入了更广泛的市场对模因股票的迷恋。</blockquote></p><p> Piper Sandler analyst Nicole Miller Regan wrote in a note on Sunday that she’s seeing increasing momentum for Wendy’s. The analyst estimates May same-store-sales growth in the mid teens, pointing to menu innovation efforts and its app and related loyalty program.</p><p><blockquote>Piper Sandler 分析师妮可-米勒-里根（Nicole Miller Regan）在周日的一份报告中写道，她看到 Wendy's 的发展势头越来越大。分析师估计，同店销售额可能会在十几岁左右增长，这得益于菜单创新的努力及其应用程序和相关的忠诚度计划。</blockquote></p><p> “The company is continuing to drive awareness and usage of the new breakfast daypart, drive digital sales, and capture an increasing percentage of sales as consumer mobility rebounds via new product news and strong store-level operational execution,” the analyst wrote.</p><p><blockquote>“这位分析师写道：”随着消费者流动性通过新产品新闻和强劲的门店级运营执行力反弹，公司将继续提高人们对新早餐日部分的认识和使用，推动数字销售，并获得越来越大的销售额份额。</blockquote></p><p> The note did not reference meme stock speculation. Unlike more popular meme stocks&nbsp;GameStop(GME) and&nbsp;AMC Entertainment(AMC), Wendy’s does not have an excessive short interest. It also&nbsp;was solidly liked&nbsp;by Wall Street analysts. Of the 27 analysts listed by FactSet, 15 have Buy ratings.</p><p><blockquote>该说明没有提到模因股票投机。与更受欢迎的备忘录股票游戏驿站（GME）和AMC院线（AMC）不同，Wendy's 并没有过多的空头兴趣。它也深受华尔街分析师的喜爱。FactSet 列出的 27 名分析师中，有 15 名给予买入评级。</blockquote></p><p> Some speculated that Wall Street pros tracking&nbsp;ticker mentions in Reddit threads&nbsp;may have been bamboozled by the phrase “Wen moon?” or “Wen rich?” which are winking references to the notion that Reddit users are “dumb money” wondering when their latest stock will take off,according to MarketWatch. “WEN” is also the ticker for Wendy’s.</p><p><blockquote>有人猜测，在 Reddit 帖子中追踪股票代码提及的华尔街专业人士可能被 “文月？”这句话迷惑了。或者“温·里奇？”据 MarketWatch 报道，这暗指 Reddit 用户是 “傻钱”，不知道自己最新的股票何时会起飞。“WEN ”也是 Wendy's 的股票代码。</blockquote></p><p> Regardless, the Piper Sandler analyst views the balance sheet and efforts to pay down debt and repurchase shares positively. She reiterated an Overweight rating and $27 price target, arguing the stock’s recent levels appear to be a decent entry point.</p><p><blockquote>无论如何，派珀桑德勒分析师对资产负债表以及偿还债务和回购股票的努力持积极态度。她重申了跑赢大盘的评级和 27 美元的目标价，认为该股最近的水平似乎是一个不错的入场点。</blockquote></p><p> “Over time, the company is positioned to leverage its technology and mobile ordering platforms (as a complement to mobile/grab-and-go and curbsidedelivery functions, as an example) while also working to deliver a series of increasingly personalized communications and offers to its growing base of guests within its recently launched loyalty program (which include 13 million total and 3 million active members as of the 1Q21 period),” she added.</p><p><blockquote>“她补充说：”随着时间的推移，公司将利用其技术和移动订购平台（例如，作为移动/外卖和路边配送功能的补充），同时还将努力在最近推出的忠诚度计划（截至2021年第一季度期间，该计划共有 1300 万会员和 300 万活跃会员）中为不断增长的客户群提供一系列日益个性化的沟通和优惠。</blockquote></p><p> Also on Monday, Northcoast analyst Jim Sanderson upgraded the stock to Buy from Neutral with a $30 price target, according to Bloomberg.</p><p><blockquote>据彭博社报道，同样在周一，Northcoast 分析师吉姆·桑德森 (Jim Sanderson) 将该股评级从中性上调至买入，目标价为 30 美元。</blockquote></p><p> The mean analyst price target for Wendy’s is $26.15, according to FactSet. Meme or not, analysts still see upside.</p><p><blockquote>FactSet 的数据显示，分析师对 Wendy's 的平均目标价为 26.15 美元。不管是不是迷因，分析师仍然看到了上行空间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/meme-stock-or-not-analysts-see-upside-for-wendys-shares-51623690202?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WEN":"温蒂汉堡"},"source_url":"https://www.barrons.com/articles/meme-stock-or-not-analysts-see-upside-for-wendys-shares-51623690202?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107804845","content_text":"Wendy’s stock rode a wave of meme stock volatility last week. Now analysts are making a case for the stock—one that doesn’t involve Reddit comments.\nWendy’s stock (ticker: WEN) was up 1.5% to $24.50 on Monday. Shares soared to a close of $28.87 last Tuesday, but pulled back through the tail end of the week. In between, speculation swirled that the company was caught in a broader market fascination with meme stocks.\nPiper Sandler analyst Nicole Miller Regan wrote in a note on Sunday that she’s seeing increasing momentum for Wendy’s. The analyst estimates May same-store-sales growth in the mid teens, pointing to menu innovation efforts and its app and related loyalty program.\n“The company is continuing to drive awareness and usage of the new breakfast daypart, drive digital sales, and capture an increasing percentage of sales as consumer mobility rebounds via new product news and strong store-level operational execution,” the analyst wrote.\nThe note did not reference meme stock speculation. Unlike more popular meme stocks GameStop(GME) and AMC Entertainment(AMC), Wendy’s does not have an excessive short interest. It also was solidly liked by Wall Street analysts. Of the 27 analysts listed by FactSet, 15 have Buy ratings.\nSome speculated that Wall Street pros tracking ticker mentions in Reddit threads may have been bamboozled by the phrase “Wen moon?” or “Wen rich?” which are winking references to the notion that Reddit users are “dumb money” wondering when their latest stock will take off,according to MarketWatch. “WEN” is also the ticker for Wendy’s.\nRegardless, the Piper Sandler analyst views the balance sheet and efforts to pay down debt and repurchase shares positively. She reiterated an Overweight rating and $27 price target, arguing the stock’s recent levels appear to be a decent entry point.\n“Over time, the company is positioned to leverage its technology and mobile ordering platforms (as a complement to mobile/grab-and-go and curbsidedelivery functions, as an example) while also working to deliver a series of increasingly personalized communications and offers to its growing base of guests within its recently launched loyalty program (which include 13 million total and 3 million active members as of the 1Q21 period),” she added.\nAlso on Monday, Northcoast analyst Jim Sanderson upgraded the stock to Buy from Neutral with a $30 price target, according to Bloomberg.\nThe mean analyst price target for Wendy’s is $26.15, according to FactSet. Meme or not, analysts still see upside.","news_type":1,"symbols_score_info":{"WEN":0.9}},"isVote":1,"tweetType":1,"viewCount":1089,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184234111,"gmtCreate":1623715409033,"gmtModify":1634029776548,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/184234111","repostId":"1126626020","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185077626,"gmtCreate":1623629034765,"gmtModify":1634031077484,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Buy the dip!! Pls like and comment&nbsp;","listText":"Buy the dip!! Pls like and comment&nbsp;","text":"Buy the dip!! Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/185077626","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185074267,"gmtCreate":1623629022859,"gmtModify":1634031078096,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Buy the dip!! Pls like and comment&nbsp;","listText":"Buy the dip!! Pls like and comment&nbsp;","text":"Buy the dip!! Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185074267","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":1214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186713106,"gmtCreate":1623541818005,"gmtModify":1634032089053,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Please like and commeny","listText":"Please like and commeny","text":"Please like and commeny","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/186713106","repostId":"2142744202","repostType":4,"isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186797649,"gmtCreate":1623540969581,"gmtModify":1634032100367,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186797649","repostId":"1124998394","repostType":4,"isVote":1,"tweetType":1,"viewCount":860,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186797911,"gmtCreate":1623540950033,"gmtModify":1634032100859,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Madness","listText":"Madness","text":"Madness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186797911","repostId":"1102961449","repostType":4,"isVote":1,"tweetType":1,"viewCount":620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188243343,"gmtCreate":1623451931782,"gmtModify":1634033120250,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Like and comment thanks&nbsp;","listText":"Like and comment thanks&nbsp;","text":"Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188243343","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":1187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188138226,"gmtCreate":1623423645965,"gmtModify":1634033345129,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"立刻来comment！","listText":"立刻来comment！","text":"立刻来comment！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188138226","repostId":"188376046","repostType":1,"repost":{"id":188376046,"gmtCreate":1623422815885,"gmtModify":1634033364367,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Is it better to buy growth or value stocks now?Please like and comment","listText":"Is it better to buy growth or value stocks now?Please like and comment","text":"Is it better to buy growth or value stocks now?Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188376046","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":894094886,"gmtCreate":1628776912745,"gmtModify":1631883653446,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"我的计划是买 <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","listText":"我的计划是买 <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","text":"我的计划是买 $Sea Ltd(SE)$ , 东南亚最厉害的互联网企业。不但有电子商业板块，也有电脑游戏板块。公司运营在好几个东南亚国家，所以监管风险较低","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894094886","repostId":"895876757","repostType":1,"repost":{"id":895876757,"gmtCreate":1628735922875,"gmtModify":1628736543155,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667596890271","idStr":"3527667596890271"},"themes":[],"title":"🔥【8月12日】疫苗小甜甜变身牛夫人，今天买什么","htmlText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 8月12日，恒生指数开盘下跌36.39点，跌幅0.14%，报26623.77点；国企指数开盘下跌23.7点，跌幅0.25%，报9524.43点；红筹指数开盘下跌1.22点，跌幅0.03%，报3843.37点。 恒生科技指数跌0.24%报6804点，大型科网股普跌，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美团-W(03690)$</a> 跌近2%，<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京东集团-SW(09618)$</a> 跌超1%，<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> 小幅低开 港股部分医药股与生物技术股走低，<a target=\"_blank\" href=\"https://laohu8.com/S/02196\">$复星医药(02196)$</a> 跌3.65%，<a target=\"_blank\" href=\"https://laohu8.com/S/09939\">$开拓药业-B(09939)$</a> 跌3.36%，<a target=\"_blank\" href=\"https://laohu8.com/S/06160\">$百济神州(06160)$</a>","listText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 8月12日，恒生指数开盘下跌36.39点，跌幅0.14%，报26623.77点；国企指数开盘下跌23.7点，跌幅0.25%，报9524.43点；红筹指数开盘下跌1.22点，跌幅0.03%，报3843.37点。 恒生科技指数跌0.24%报6804点，大型科网股普跌，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美团-W(03690)$</a> 跌近2%，<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京东集团-SW(09618)$</a> 跌超1%，<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> 小幅低开 港股部分医药股与生物技术股走低，<a target=\"_blank\" href=\"https://laohu8.com/S/02196\">$复星医药(02196)$</a> 跌3.65%，<a target=\"_blank\" href=\"https://laohu8.com/S/09939\">$开拓药业-B(09939)$</a> 跌3.36%，<a target=\"_blank\" href=\"https://laohu8.com/S/06160\">$百济神州(06160)$</a>","text":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 8月12日，恒生指数开盘下跌36.39点，跌幅0.14%，报26623.77点；国企指数开盘下跌23.7点，跌幅0.25%，报9524.43点；红筹指数开盘下跌1.22点，跌幅0.03%，报3843.37点。 恒生科技指数跌0.24%报6804点，大型科网股普跌，$美团-W(03690)$ 跌近2%，$京东集团-SW(09618)$ 跌超1%，$腾讯控股(00700)$ 、$阿里巴巴-SW(09988)$ 、$百度集团-SW(09888)$ 小幅低开 港股部分医药股与生物技术股走低，$复星医药(02196)$ 跌3.65%，$开拓药业-B(09939)$ 跌3.36%，$百济神州(06160)$","images":[{"img":"https://static.tigerbbs.com/b7dacd6a9cd75c4fe8ab13a5697eec43","width":"200","height":"193"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895876757","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":113943656,"gmtCreate":1622592147175,"gmtModify":1634100214048,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/113943656","repostId":"1106176005","repostType":4,"repost":{"id":"1106176005","kind":"news","pubTimestamp":1622588821,"share":"https://www.laohunote.com/m/news/1106176005?lang=zh_CN&edition=full","pubTime":"2021-06-02 07:07","market":"us","language":"en","title":"S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106176005","media":"Reuters","summary":"The S&P 500dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sectorhit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector3.9%, its biggest $one$-day gain in nearly four months. The heavyweight tech sectorfell while the healthcare sectorwas dragged down by a weak profit forec","content":"<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500 (.SPX) 周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融业 (.SPSY) 创下历史新高，而燃料需求的预期增长提振了油价，并帮助能源业 (.SPNY) 上涨 3.9%，成为其最大的<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月的日增。重量级科技板块 (.SPLRCT) 下跌，而医疗保健板块 (.SPXHC) 则受到利润预测疲软的拖累<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（ABT.N）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国 5 月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积如山。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从周末假期回来后确信经济复苏良好，我们可能在劳动力和其他成本方面看到的任何通货膨胀都是暂时的，”公司总裁彼得·图兹 (Peter Tuz)<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨45.86点，涨幅0.13%，至34,575.31点；标普500 (.SPX) 下跌 2.07 点，或 0.05%，至 4,202.04 点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，跌幅0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素 2000 指数 (.RUT) 周二上涨 1.1%，凸显了预计在经济扩张中表现尤为出色的股市板块的走强。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀 (Kristina Hooper) 表示：“我们面临供应链问题、延误、价格上涨、普遍定价压力，雇主表示他们在寻找劳动力方面遇到困难。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的一个缩影，它只是提醒人们通货膨胀仍然是一个令人担忧的问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/布伦丹·麦克德米德/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证美联储将继续实施超宽松货币政策后，周五股市与 4 月份关键通胀数据的飙升擦肩而过。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡里和美联储负责监管的副主席兰德尔·夸尔斯周二重申，价格上涨将是暂时的。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是一系列经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室下调了 2021 年全年利润预测，理由是随着越来越多的美国人接种疫苗，预计其 COVID-19 检测收入将大幅下降，该公司股价下跌 9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>在私募股权公司 KKR &amp; Co (KKR.N) 和 Clayton Dubilier &amp; Rice LLC 同意将数据分析公司私有化后，Cloudera Inc (CLDR.N) 股价上涨 23.9%。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批 “模因股 ”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc (AMC.N) 上涨 22.7%，此前这家连锁影院表示出售了价值 2.3 亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 2.54 比 1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，没有新低；纳斯达克综合指数创下168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有 107 亿股股票易手，而过去 20 个交易日的日均成交量为 105 亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom 报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-02 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500 (.SPX) 周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融业 (.SPSY) 创下历史新高，而燃料需求的预期增长提振了油价，并帮助能源业 (.SPNY) 上涨 3.9%，成为其最大的<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月的日增。重量级科技板块 (.SPLRCT) 下跌，而医疗保健板块 (.SPXHC) 则受到利润预测疲软的拖累<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（ABT.N）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国 5 月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积如山。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从周末假期回来后确信经济复苏良好，我们可能在劳动力和其他成本方面看到的任何通货膨胀都是暂时的，”公司总裁彼得·图兹 (Peter Tuz)<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨45.86点，涨幅0.13%，至34,575.31点；标普500 (.SPX) 下跌 2.07 点，或 0.05%，至 4,202.04 点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，跌幅0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素 2000 指数 (.RUT) 周二上涨 1.1%，凸显了预计在经济扩张中表现尤为出色的股市板块的走强。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀 (Kristina Hooper) 表示：“我们面临供应链问题、延误、价格上涨、普遍定价压力，雇主表示他们在寻找劳动力方面遇到困难。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的一个缩影，它只是提醒人们通货膨胀仍然是一个令人担忧的问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/布伦丹·麦克德米德/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证美联储将继续实施超宽松货币政策后，周五股市与 4 月份关键通胀数据的飙升擦肩而过。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡里和美联储负责监管的副主席兰德尔·夸尔斯周二重申，价格上涨将是暂时的。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是一系列经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室下调了 2021 年全年利润预测，理由是随着越来越多的美国人接种疫苗，预计其 COVID-19 检测收入将大幅下降，该公司股价下跌 9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>在私募股权公司 KKR &amp; Co (KKR.N) 和 Clayton Dubilier &amp; Rice LLC 同意将数据分析公司私有化后，Cloudera Inc (CLDR.N) 股价上涨 23.9%。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批 “模因股 ”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc (AMC.N) 上涨 22.7%，此前这家连锁影院表示出售了价值 2.3 亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 2.54 比 1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，没有新低；纳斯达克综合指数创下168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有 107 亿股股票易手，而过去 20 个交易日的日均成交量为 105 亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom 报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/\">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":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106176005","content_text":"The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from Abbott Laboratories(ABT.N).Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoStock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR & Co(KKR.N)and Clayton Dubilier & Rice LLCagreed to take the data analytics firm private.A group of“meme stocks” extended gainsfrom the previous week, with shares of AMC Entertainment Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.Here are company's financial statements：Zoom reports blowout earnings but warns of a coming slowdown","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"ESmain":0.9,"IVV":0.9,".IXIC":0.9,"OEF":0.9,"OEX":0.9,"SDS":0.9,"SH":0.9,"SSO":0.9,"UPRO":0.9,"SPY":0.9,".SPX":0.9,"SPXU":0.9}},"isVote":1,"tweetType":1,"viewCount":660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199102486,"gmtCreate":1620689502245,"gmtModify":1634197179810,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Is growth dead?","listText":"Is growth dead?","text":"Is growth dead?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/199102486","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132235359,"gmtCreate":1622090621571,"gmtModify":1634183919771,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/132235359","repostId":"2138149518","repostType":4,"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192096015,"gmtCreate":1621128372237,"gmtModify":1634193928242,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Haha pls like and comment","listText":"Haha pls like and comment","text":"Haha pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/192096015","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","kind":"news","pubTimestamp":1621004086,"share":"https://www.laohunote.com/m/news/1173244066?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-14 22:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">CNN</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":{"DASH":"DoorDash, Inc.","DIS":"迪士尼","ABNB":"爱彼迎"},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1,"symbols_score_info":{"DASH":0.9,"ABNB":0.9,"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180146416,"gmtCreate":1623196448435,"gmtModify":1634036008342,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/180146416","repostId":"1128909306","repostType":4,"repost":{"id":"1128909306","kind":"news","pubTimestamp":1623193560,"share":"https://www.laohunote.com/m/news/1128909306?lang=zh_CN&edition=full","pubTime":"2021-06-09 07:06","market":"us","language":"en","title":"S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128909306","media":"reuters","summary":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of c","content":"<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</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>S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</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\">\nS&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-06-09 07:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX\">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":{".SPX":"S&P 500 Index","CLOV":"Clover Health Corp",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128909306","content_text":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&P 500 and the Dow closing within about 0.5% of record highs.The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath & Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"CLOV":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194228951,"gmtCreate":1621383609073,"gmtModify":1634192018171,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"立刻来","listText":"立刻来","text":"立刻来","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/194228951","repostId":"1122426626","repostType":4,"repost":{"id":"1122426626","kind":"news","pubTimestamp":1621382634,"share":"https://www.laohunote.com/m/news/1122426626?lang=zh_CN&edition=full","pubTime":"2021-05-19 08:03","market":"us","language":"en","title":"Why Cathie Wood’s ARKK Is Still Betting on Coinbase<blockquote>为什么凯西·伍德的 ARKK 仍在押注 Coinbase</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122426626","media":"finance.yahoo","summary":"The overarching narrative of the stock market is in the midst of a deep realignment, with one of Coi","content":"<p>The overarching narrative of the stock market is in the midst of a deep realignment, with one of Coinbase’s largest shareholders at the center of attention. As tech hype cools and interest rates seem poised for a big shift, more speculative “growth” investments, primarily equity in quickly expanding or innovative companies, are having a rough few months. In their place, there’s more interest in so-called “value” investments, such as equity in companies that are already generating profits.</p><p><blockquote>股市的总体叙事正处于深度调整之中，Coinbase 最大的股东之一成为了人们关注的焦点。随着科技炒作的降温和利率似乎将发生重大转变，更具投机性的 “成长型 ”投资（主要是快速扩张或创新型公司的股权）正经历着艰难的几个月。取而代之的是，人们对所谓的 “价值 ”投资更感兴趣，比如已经盈利的公司的股权。</blockquote></p><p>That has led to deep losses and varying degrees of embarrassment for investors who’ve made highly forward-looking bets. The tech-focused NASDAQ index has seenbig volatilityand is currently flat against its mid-January level. High-profile professional growth investors likeChamath Palihapitiya, just months ago a relentless and celebrated champion of a kind of less-transparent IPO known as a SPAC, have taken both financial and reputational hits.</p><p><blockquote>这导致了巨额亏损，并给那些下了高度前瞻性赌注的投资者带来了不同程度的尴尬。以科技股为主的纳斯达克指数波动很大，目前与 1 月中旬的水平持平。就在几个月前，Kechamath Palihapitiya 还是一种不太透明的 SPAC 首次公开募股 (IPO) 的坚持不懈且著名的倡导者，像 Kechamath Palihapitiya 这样的知名专业成长型投资者已经遭受了财务和声誉的双重打击。</blockquote></p><p>David Z. Morris is CoinDesk’s Chief Insights Columnist.A lot of attention has been focused on Ark Invest, which manages exchange-traded funds investing in things like fintech, genomics, and space exploration. Ark CEO Cathie Wood had become something of an investing rock star in recent years, thanks to a rich45% annualized returnover the past five years in its flagship Innovation Fund, which has grown to more than $50 billion in managed assets.</p><p><blockquote>David Z. Morris 是 CoinDesk 的首席洞察专栏作家。Ark Invest 管理着投资金融科技、基因组学和太空探索等领域的交易所交易基金，备受关注。Ark 首席执行官凯西·伍德 (Cathie Wood) 近年来已成为投资摇滚明星，这要归功于其旗舰创新基金在过去五年中实现了 45% 的年化回报率，该基金的管理资产已增长至超过 500 亿美元。</blockquote></p><p>But the fund has dropped by close to 30% since mid-February, thanks to serious collapses of its stakes in everything fromgene-editing to Tesla. ARKK is also one of the largest holders of Coinbase stock, which is similarly down 25% since its IPO on April 14.</p><p><blockquote>但自 2 月中旬以来，该基金已下跌近 30%，原因是其在从基因编辑到特斯拉等各个领域的股份严重崩溃。ARKK 也是 Coinbase 股票的最大持有者之一，自 4 月 14 日 IPO 以来，该股股价同样下跌了 25%。</blockquote></p><p>By and large, these drops have been driven less by disappointing current performance than shifting expectations about the future – arguably the defining risk of growth investing. Because the present price of growth investments is so dependent on projected returns far into the future, small present changes in a company’s results, positive or negative, can translate into huge impacts on the stock. The pandemic has encapsulated this perfectly: lockdowns created major spikes in “stay home” tech stocks because trendlines suddenly pointed to immense future growth, but reopening has pulled those expectations back down to Earth, driving a lot of ARKK’s losses.</p><p><blockquote>总的来说，这些下跌与其说是由令人失望的当前表现驱动的，不如说是由对未来的预期转变驱动的——这可以说是成长型投资的决定性风险。由于成长型投资目前的价格非常依赖于未来的预计回报，因此公司业绩目前的微小变化，无论是积极的还是消极的，都可能对股票产生巨大影响。大流行病完美地概括了这一点： 封锁导致 “待在家里 ”科技股大幅飙升，因为趋势线突然指向未来的巨大增长，但重新开放又将这些预期拉回了现实，导致 ARKK 大幅亏损。</blockquote></p><p>(This is, it should be said, far preferable to the way some prominent speculative investments worked in the past. A practice known as mark-to-market accounting was widely abused by entities including Enron and Lehman Brothers in the 1990s and 200os, and basically amounted to letting growth companies disguise themselves as present successes by putting a price on their own future earnings and booking them as present revenue. But that’s a topic for another day.)</p><p><blockquote>（应该说，这比过去一些著名的投机性投资的运作方式要好得多。一种被称为按市值计价的做法在20世纪90年代和21世纪初被包括安然和雷曼兄弟在内的实体广泛滥用，基本上相当于让成长型公司通过给自己未来的收益定价并将其记作当前的收入来伪装成当前的成功。但那是以后再谈的话题）。</blockquote></p><p>Perhaps even more significant than pandemic reversals are increases inTreasury Bond yieldsand inflation upticks that might lead the Fed to increase interest rates more quickly. Bond yields and interest rates in particular are a direct threat to growth investing because they create more attractive returns on very low-risk investments. At the same time, higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growth.</p><p><blockquote>也许比大流行逆转更重要的是国债收益率上升和通胀上升，这可能会导致美联储更快地加息。债券收益率和利率尤其对成长型投资构成直接威胁，因为它们为极低风险投资创造了更具吸引力的回报。与此同时，较高的利率使得成长型公司的债务和其他资本更加昂贵，因为这些公司通常没有现金流来为自己的增长提供资金。</blockquote></p><p>There’s no real way to escape these sorts of risks when you’re attempting to monetize the future. What matters is how a growth investor responds, and crucially, whether that response follows the same forward-leaning logic as the initial investing thesis. Wood is catching heat right now because of ARKK’s trouble, but her response has been nothing if not consistent: she has repeatedly and loudly declared that the slump in growth stocks is a buying opportunity, with falling prices only amplifying potential future returns.</p><p><blockquote>当你试图将未来货币化时，没有真正的方法可以逃避这类风险。重要的是成长型投资者如何回应，最重要的是，这种回应是否遵循与最初投资论点相同的前瞻性逻辑。伍德现在因为阿克的麻烦而备受关注，但她的回应却始终如一： 她一再大声宣称，成长型股票的暴跌是一个买入机会，价格下跌只会放大未来的潜在回报。</blockquote></p><p>Higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growthBecause Ark funds publicize their trades, we know Wood isn’t just talking: ARKK has been steadily buying assets like Square, Twilio, and even Zoom as the stocks head south. The fund is also aggressively buying the dip in Coinbase, growing its position as of today to 624 million shares – 3% of ARKK’s holdings and, incredibly, more than 10% of all Coinbase shares. That’s particularly bold because Coinbase could be described as a growth investment squared: its own growth deeply dependent on demand for assets that are, in turn, highly speculative themselves.</p><p><blockquote>对于成长型公司来说，较高的利率使得债务和其他资本变得更加昂贵，因为这些公司通常没有现金流来为自己的增长提供资金。由于方舟基金宣传其交易，我们知道伍德不是在说说而已： 随着 Square、Twilio 甚至 Zoom 等股票的下跌，ARKK 一直在稳步购买 Square、Twilio 甚至 Zoom 等资产。该基金还积极逢低买入 Coinbase，截至今日，其持仓已增至 6.24 亿股，占 ARKK 持股的 3%，令人难以置信的是，占 Coinbase 所有股票的 10% 以上。这一点尤其大胆，因为 Coinbase 可以被描述为成长型投资的平方： 它自身的增长在很大程度上依赖于对资产的需求，而这些资产本身又具有高度投机性。</blockquote></p><p>I assume Wood’s belief in her bets is sincere, but it’s also just good optics for a growth fund. Halting buys on Coinbase or other bets as they go down would be an implicit admission that previous buys at higher prices were a mistake. Buying an asset that’s slumping short-term is a strong signal of long-term belief.</p><p><blockquote>我想伍德对她的赌注的信念是真诚的，但对于一只成长基金来说，这也只是一个不错的选择。在 Coinbase 或其他赌注下跌时停止购买，将意味着承认之前以更高价格购买是一个错误。购买短期下跌的资产是长期信心的强烈信号。</blockquote></p><p></p><p>Wood’s consistency, along with her track record, appear to have been fairly effective in helping investors keep the faith even in the face of short-term losses. It’s inevitable some will reflexively sell a ticker that drops 30% in four months, but according to Seeking Alpha, ARKK only saw$1 billion in capital outflows, or around 2% of the fund’s total assets, over the past week.</p><p><blockquote>伍德的稳定性以及她的过往记录似乎在帮助投资者即使面对短期亏损也能保持信心方面相当有效。有些人会条件反射地抛售四个月内下跌 30% 的股票，这是不可避免的，但根据 Seeking Alpha 的数据，ARKK 在过去一周仅出现了 10 亿美元的资本外流，约占该基金总资产的 2%。</blockquote></p><p>That’s far from amazing, and at that rate it could add up quickly, but it’s also far from a worst-case scenario. Selling future profits to present buyers is as much about credibility and faith as it is about numbers.</p><p><blockquote>这并不令人惊讶，按照这个速度，它可能会迅速增加，但这也远不是最坏的情况。向现在的买家出售未来的利润既关乎数字，也关乎可信度和信心。</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>Why Cathie Wood’s ARKK Is Still Betting on Coinbase<blockquote>为什么凯西·伍德的 ARKK 仍在押注 Coinbase</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood’s ARKK Is Still Betting on Coinbase<blockquote>为什么凯西·伍德的 ARKK 仍在押注 Coinbase</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-05-19 08:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The overarching narrative of the stock market is in the midst of a deep realignment, with one of Coinbase’s largest shareholders at the center of attention. As tech hype cools and interest rates seem poised for a big shift, more speculative “growth” investments, primarily equity in quickly expanding or innovative companies, are having a rough few months. In their place, there’s more interest in so-called “value” investments, such as equity in companies that are already generating profits.</p><p><blockquote>股市的总体叙事正处于深度调整之中，Coinbase 最大的股东之一成为了人们关注的焦点。随着科技炒作的降温和利率似乎将发生重大转变，更具投机性的 “成长型 ”投资（主要是快速扩张或创新型公司的股权）正经历着艰难的几个月。取而代之的是，人们对所谓的 “价值 ”投资更感兴趣，比如已经盈利的公司的股权。</blockquote></p><p>That has led to deep losses and varying degrees of embarrassment for investors who’ve made highly forward-looking bets. The tech-focused NASDAQ index has seenbig volatilityand is currently flat against its mid-January level. High-profile professional growth investors likeChamath Palihapitiya, just months ago a relentless and celebrated champion of a kind of less-transparent IPO known as a SPAC, have taken both financial and reputational hits.</p><p><blockquote>这导致了巨额亏损，并给那些下了高度前瞻性赌注的投资者带来了不同程度的尴尬。以科技股为主的纳斯达克指数波动很大，目前与 1 月中旬的水平持平。就在几个月前，Kechamath Palihapitiya 还是一种不太透明的 SPAC 首次公开募股 (IPO) 的坚持不懈且著名的倡导者，像 Kechamath Palihapitiya 这样的知名专业成长型投资者已经遭受了财务和声誉的双重打击。</blockquote></p><p>David Z. Morris is CoinDesk’s Chief Insights Columnist.A lot of attention has been focused on Ark Invest, which manages exchange-traded funds investing in things like fintech, genomics, and space exploration. Ark CEO Cathie Wood had become something of an investing rock star in recent years, thanks to a rich45% annualized returnover the past five years in its flagship Innovation Fund, which has grown to more than $50 billion in managed assets.</p><p><blockquote>David Z. Morris 是 CoinDesk 的首席洞察专栏作家。Ark Invest 管理着投资金融科技、基因组学和太空探索等领域的交易所交易基金，备受关注。Ark 首席执行官凯西·伍德 (Cathie Wood) 近年来已成为投资摇滚明星，这要归功于其旗舰创新基金在过去五年中实现了 45% 的年化回报率，该基金的管理资产已增长至超过 500 亿美元。</blockquote></p><p>But the fund has dropped by close to 30% since mid-February, thanks to serious collapses of its stakes in everything fromgene-editing to Tesla. ARKK is also one of the largest holders of Coinbase stock, which is similarly down 25% since its IPO on April 14.</p><p><blockquote>但自 2 月中旬以来，该基金已下跌近 30%，原因是其在从基因编辑到特斯拉等各个领域的股份严重崩溃。ARKK 也是 Coinbase 股票的最大持有者之一，自 4 月 14 日 IPO 以来，该股股价同样下跌了 25%。</blockquote></p><p>By and large, these drops have been driven less by disappointing current performance than shifting expectations about the future – arguably the defining risk of growth investing. Because the present price of growth investments is so dependent on projected returns far into the future, small present changes in a company’s results, positive or negative, can translate into huge impacts on the stock. The pandemic has encapsulated this perfectly: lockdowns created major spikes in “stay home” tech stocks because trendlines suddenly pointed to immense future growth, but reopening has pulled those expectations back down to Earth, driving a lot of ARKK’s losses.</p><p><blockquote>总的来说，这些下跌与其说是由令人失望的当前表现驱动的，不如说是由对未来的预期转变驱动的——这可以说是成长型投资的决定性风险。由于成长型投资目前的价格非常依赖于未来的预计回报，因此公司业绩目前的微小变化，无论是积极的还是消极的，都可能对股票产生巨大影响。大流行病完美地概括了这一点： 封锁导致 “待在家里 ”科技股大幅飙升，因为趋势线突然指向未来的巨大增长，但重新开放又将这些预期拉回了现实，导致 ARKK 大幅亏损。</blockquote></p><p>(This is, it should be said, far preferable to the way some prominent speculative investments worked in the past. A practice known as mark-to-market accounting was widely abused by entities including Enron and Lehman Brothers in the 1990s and 200os, and basically amounted to letting growth companies disguise themselves as present successes by putting a price on their own future earnings and booking them as present revenue. But that’s a topic for another day.)</p><p><blockquote>（应该说，这比过去一些著名的投机性投资的运作方式要好得多。一种被称为按市值计价的做法在20世纪90年代和21世纪初被包括安然和雷曼兄弟在内的实体广泛滥用，基本上相当于让成长型公司通过给自己未来的收益定价并将其记作当前的收入来伪装成当前的成功。但那是以后再谈的话题）。</blockquote></p><p>Perhaps even more significant than pandemic reversals are increases inTreasury Bond yieldsand inflation upticks that might lead the Fed to increase interest rates more quickly. Bond yields and interest rates in particular are a direct threat to growth investing because they create more attractive returns on very low-risk investments. At the same time, higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growth.</p><p><blockquote>也许比大流行逆转更重要的是国债收益率上升和通胀上升，这可能会导致美联储更快地加息。债券收益率和利率尤其对成长型投资构成直接威胁，因为它们为极低风险投资创造了更具吸引力的回报。与此同时，较高的利率使得成长型公司的债务和其他资本更加昂贵，因为这些公司通常没有现金流来为自己的增长提供资金。</blockquote></p><p>There’s no real way to escape these sorts of risks when you’re attempting to monetize the future. What matters is how a growth investor responds, and crucially, whether that response follows the same forward-leaning logic as the initial investing thesis. Wood is catching heat right now because of ARKK’s trouble, but her response has been nothing if not consistent: she has repeatedly and loudly declared that the slump in growth stocks is a buying opportunity, with falling prices only amplifying potential future returns.</p><p><blockquote>当你试图将未来货币化时，没有真正的方法可以逃避这类风险。重要的是成长型投资者如何回应，最重要的是，这种回应是否遵循与最初投资论点相同的前瞻性逻辑。伍德现在因为阿克的麻烦而备受关注，但她的回应却始终如一： 她一再大声宣称，成长型股票的暴跌是一个买入机会，价格下跌只会放大未来的潜在回报。</blockquote></p><p>Higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growthBecause Ark funds publicize their trades, we know Wood isn’t just talking: ARKK has been steadily buying assets like Square, Twilio, and even Zoom as the stocks head south. The fund is also aggressively buying the dip in Coinbase, growing its position as of today to 624 million shares – 3% of ARKK’s holdings and, incredibly, more than 10% of all Coinbase shares. That’s particularly bold because Coinbase could be described as a growth investment squared: its own growth deeply dependent on demand for assets that are, in turn, highly speculative themselves.</p><p><blockquote>对于成长型公司来说，较高的利率使得债务和其他资本变得更加昂贵，因为这些公司通常没有现金流来为自己的增长提供资金。由于方舟基金宣传其交易，我们知道伍德不是在说说而已： 随着 Square、Twilio 甚至 Zoom 等股票的下跌，ARKK 一直在稳步购买 Square、Twilio 甚至 Zoom 等资产。该基金还积极逢低买入 Coinbase，截至今日，其持仓已增至 6.24 亿股，占 ARKK 持股的 3%，令人难以置信的是，占 Coinbase 所有股票的 10% 以上。这一点尤其大胆，因为 Coinbase 可以被描述为成长型投资的平方： 它自身的增长在很大程度上依赖于对资产的需求，而这些资产本身又具有高度投机性。</blockquote></p><p>I assume Wood’s belief in her bets is sincere, but it’s also just good optics for a growth fund. Halting buys on Coinbase or other bets as they go down would be an implicit admission that previous buys at higher prices were a mistake. Buying an asset that’s slumping short-term is a strong signal of long-term belief.</p><p><blockquote>我想伍德对她的赌注的信念是真诚的，但对于一只成长基金来说，这也只是一个不错的选择。在 Coinbase 或其他赌注下跌时停止购买，将意味着承认之前以更高价格购买是一个错误。购买短期下跌的资产是长期信心的强烈信号。</blockquote></p><p></p><p>Wood’s consistency, along with her track record, appear to have been fairly effective in helping investors keep the faith even in the face of short-term losses. It’s inevitable some will reflexively sell a ticker that drops 30% in four months, but according to Seeking Alpha, ARKK only saw$1 billion in capital outflows, or around 2% of the fund’s total assets, over the past week.</p><p><blockquote>伍德的稳定性以及她的过往记录似乎在帮助投资者即使面对短期亏损也能保持信心方面相当有效。有些人会条件反射地抛售四个月内下跌 30% 的股票，这是不可避免的，但根据 Seeking Alpha 的数据，ARKK 在过去一周仅出现了 10 亿美元的资本外流，约占该基金总资产的 2%。</blockquote></p><p>That’s far from amazing, and at that rate it could add up quickly, but it’s also far from a worst-case scenario. Selling future profits to present buyers is as much about credibility and faith as it is about numbers.</p><p><blockquote>这并不令人惊讶，按照这个速度，它可能会迅速增加，但这也远不是最坏的情况。向现在的买家出售未来的利润既关乎数字，也关乎可信度和信心。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/why-cathie-wood-arkk-still-211733720.html\">finance.yahoo</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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/why-cathie-wood-arkk-still-211733720.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122426626","content_text":"The overarching narrative of the stock market is in the midst of a deep realignment, with one of Coinbase’s largest shareholders at the center of attention. As tech hype cools and interest rates seem poised for a big shift, more speculative “growth” investments, primarily equity in quickly expanding or innovative companies, are having a rough few months. In their place, there’s more interest in so-called “value” investments, such as equity in companies that are already generating profits.That has led to deep losses and varying degrees of embarrassment for investors who’ve made highly forward-looking bets. The tech-focused NASDAQ index has seenbig volatilityand is currently flat against its mid-January level. High-profile professional growth investors likeChamath Palihapitiya, just months ago a relentless and celebrated champion of a kind of less-transparent IPO known as a SPAC, have taken both financial and reputational hits.David Z. Morris is CoinDesk’s Chief Insights Columnist.A lot of attention has been focused on Ark Invest, which manages exchange-traded funds investing in things like fintech, genomics, and space exploration. Ark CEO Cathie Wood had become something of an investing rock star in recent years, thanks to a rich45% annualized returnover the past five years in its flagship Innovation Fund, which has grown to more than $50 billion in managed assets.But the fund has dropped by close to 30% since mid-February, thanks to serious collapses of its stakes in everything fromgene-editing to Tesla. ARKK is also one of the largest holders of Coinbase stock, which is similarly down 25% since its IPO on April 14.By and large, these drops have been driven less by disappointing current performance than shifting expectations about the future – arguably the defining risk of growth investing. Because the present price of growth investments is so dependent on projected returns far into the future, small present changes in a company’s results, positive or negative, can translate into huge impacts on the stock. The pandemic has encapsulated this perfectly: lockdowns created major spikes in “stay home” tech stocks because trendlines suddenly pointed to immense future growth, but reopening has pulled those expectations back down to Earth, driving a lot of ARKK’s losses.(This is, it should be said, far preferable to the way some prominent speculative investments worked in the past. A practice known as mark-to-market accounting was widely abused by entities including Enron and Lehman Brothers in the 1990s and 200os, and basically amounted to letting growth companies disguise themselves as present successes by putting a price on their own future earnings and booking them as present revenue. But that’s a topic for another day.)Perhaps even more significant than pandemic reversals are increases inTreasury Bond yieldsand inflation upticks that might lead the Fed to increase interest rates more quickly. Bond yields and interest rates in particular are a direct threat to growth investing because they create more attractive returns on very low-risk investments. At the same time, higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growth.There’s no real way to escape these sorts of risks when you’re attempting to monetize the future. What matters is how a growth investor responds, and crucially, whether that response follows the same forward-leaning logic as the initial investing thesis. Wood is catching heat right now because of ARKK’s trouble, but her response has been nothing if not consistent: she has repeatedly and loudly declared that the slump in growth stocks is a buying opportunity, with falling prices only amplifying potential future returns.Higher rates make debt and other capital more expensive for growth companies, who typically don’t have the cash flows to fund their own growthBecause Ark funds publicize their trades, we know Wood isn’t just talking: ARKK has been steadily buying assets like Square, Twilio, and even Zoom as the stocks head south. The fund is also aggressively buying the dip in Coinbase, growing its position as of today to 624 million shares – 3% of ARKK’s holdings and, incredibly, more than 10% of all Coinbase shares. That’s particularly bold because Coinbase could be described as a growth investment squared: its own growth deeply dependent on demand for assets that are, in turn, highly speculative themselves.I assume Wood’s belief in her bets is sincere, but it’s also just good optics for a growth fund. Halting buys on Coinbase or other bets as they go down would be an implicit admission that previous buys at higher prices were a mistake. Buying an asset that’s slumping short-term is a strong signal of long-term belief.Wood’s consistency, along with her track record, appear to have been fairly effective in helping investors keep the faith even in the face of short-term losses. It’s inevitable some will reflexively sell a ticker that drops 30% in four months, but according to Seeking Alpha, ARKK only saw$1 billion in capital outflows, or around 2% of the fund’s total assets, over the past week.That’s far from amazing, and at that rate it could add up quickly, but it’s also far from a worst-case scenario. Selling future profits to present buyers is as much about credibility and faith as it is about numbers.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":115546042,"gmtCreate":1623024656786,"gmtModify":1634096208535,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/115546042","repostId":"2141926289","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111621774,"gmtCreate":1622679541798,"gmtModify":1634099282993,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581491815672686","idStr":"3581491815672686"},"themes":[],"title":"","htmlText":"Huat!! 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