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2021-11-18

Soon everyone will go into metaverse.

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2021-11-18

Good to know

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2021-11-09

Good to know

Luminar shares soared nearly 70% in premarket trading<blockquote>Luminar股价在盘前交易中飙升近70%</blockquote>

2021-11-04

what?! Who have this stock watch out

Pharmaceutical stocks dropped in premarket trading<blockquote>医药股在盘前交易中下跌</blockquote>

2021-11-04

Good to know

Fastly stock rallied 10% in premarket trading<blockquote>Fastly股价在盘前交易中上涨10%</blockquote>

2021-11-04

To those who like these stock. [强]

Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote>

2021-11-04

Good to know

Skillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</blockquote>

2021-11-02

Good to know

抱歉，原内容已删除

2021-10-13

Will they go down further?

Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote>

2021-10-13

Good news

JPMorgan Chase Q3 EPS $3.74 Beats $3.00 Estimate<blockquote>摩根大通第三季度每股收益3.74美元，超出预期3.00美元</blockquote>

2021-10-06

Better watch out

Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%</blockquote>

2021-10-06

Good to know

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2021-10-06

Whats drop will up again.

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2021-10-03

Good to know.

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2021-09-30

Drop

Bit Digital stock tumbled 16% in morning trading<blockquote>Bit Digital股价早盘暴跌16%</blockquote>

2021-09-27

Ok

Will Healthcare Triangle IPO Make Waves? Seeks to Raise $40 Million<blockquote>医疗三角IPO会掀起波澜吗？寻求筹集4000万美元</blockquote>

2021-09-27

Others may benefited. Loof for others too.

Marathon Digital Stock Benefits From Bitcoin Ties<blockquote>马拉松数字股票受益于比特币关系</blockquote>

2021-09-27

Good to know

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2021-09-26

Good to know

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2021-09-26

EV is the future. Looking forward.

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去老虎APP查看更多动态

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know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844736765","repostId":"1116555756","repostType":2,"repost":{"id":"1116555756","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636455472,"share":"https://www.laohu8.com/m/news/1116555756?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:57","market":"us","language":"en","title":"Luminar shares soared nearly 70% in premarket trading<blockquote>Luminar股价在盘前交易中飙升近70%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116555756","media":"Tiger Newspress","summary":"Luminar shares soared nearly 70% in premarket trading.Luminar Technologies, Inc., the global leader ","content":"<p>Luminar&nbsp;shares&nbsp;soared&nbsp;nearly&nbsp;70%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/da9b50785fff88fb57d537950c7b5a7d\" tg-width=\"879\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/LAZR\">Luminar Technologies, Inc.</a>, the global leader in automotive lidar hardware and software technology, announced today at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024.</p><p><blockquote>Luminar股价在盘前交易中飙升近70%。<a href=\"https://laohu8.com/S/LAZR\">卢米纳技术公司。</a>，汽车激光雷达硬件和软件技术的全球领导者，今天在NVIDIA GTC大会上宣布，其激光雷达解决方案已被选为NVIDIA DRIVE Hyperion自动驾驶汽车参考平台中传感器套件的一部分。该人工智能车载计算平台加速了自动驾驶消费汽车的开发，计划于2024年开始生产。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luminar shares soared nearly 70% in premarket trading<blockquote>Luminar股价在盘前交易中飙升近70%</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\">\nLuminar shares soared nearly 70% in premarket trading<blockquote>Luminar股价在盘前交易中飙升近70%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-09 18:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Luminar&nbsp;shares&nbsp;soared&nbsp;nearly&nbsp;70%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/da9b50785fff88fb57d537950c7b5a7d\" tg-width=\"879\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/LAZR\">Luminar Technologies, Inc.</a>, the global leader in automotive lidar hardware and software technology, announced today at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024.</p><p><blockquote>Luminar股价在盘前交易中飙升近70%。<a href=\"https://laohu8.com/S/LAZR\">卢米纳技术公司。</a>，汽车激光雷达硬件和软件技术的全球领导者，今天在NVIDIA GTC大会上宣布，其激光雷达解决方案已被选为NVIDIA DRIVE Hyperion自动驾驶汽车参考平台中传感器套件的一部分。该人工智能车载计算平台加速了自动驾驶消费汽车的开发，计划于2024年开始生产。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LAZR":"Luminar Technologies, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116555756","content_text":"Luminar shares soared nearly 70% in premarket trading.Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, announced today at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024.","news_type":1,"symbols_score_info":{"LAZR":0.9}},"isVote":1,"tweetType":1,"viewCount":3120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848700800,"gmtCreate":1636025295270,"gmtModify":1636025295999,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"what?! Who have this stock watch out","listText":"what?! Who have this stock watch out","text":"what?! Who have this stock watch out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848700800","repostId":"1114412462","repostType":2,"repost":{"id":"1114412462","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636024828,"share":"https://www.laohu8.com/m/news/1114412462?lang=zh_CN&edition=full","pubTime":"2021-11-04 19:20","market":"us","language":"en","title":"Pharmaceutical stocks dropped in premarket trading<blockquote>医药股在盘前交易中下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114412462","media":"Tiger Newspress","summary":"Pharmaceutical stocks dropped in premarket trading after Moderna earnings coming in far short of est","content":"<p>Pharmaceutical stocks dropped in premarket trading&nbsp;after&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">Moderna</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">earnings</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">coming</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">in</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">far</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">short</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">of</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">estimates</a>.Moderna,Novavax&nbsp;and&nbsp;BioNTech SE&nbsp;Dived&nbsp;between 4% and 12%.&nbsp;</p><p><blockquote>医药股在盘前交易中下跌<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">现代</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">收入</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">即将到来的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">在</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">远的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">短的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">估计数</a>Moderna、Novavax和BioNTech SE跌幅在4%至12%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/22f1d581ec70d04f19c34a0c5a907d67\" tg-width=\"408\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pharmaceutical stocks dropped in premarket trading<blockquote>医药股在盘前交易中下跌</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\">\nPharmaceutical stocks dropped in premarket trading<blockquote>医药股在盘前交易中下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 19:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Pharmaceutical stocks dropped in premarket trading&nbsp;after&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">Moderna</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">earnings</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">coming</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">in</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">far</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">short</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">of</a>&nbsp;<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">estimates</a>.Moderna,Novavax&nbsp;and&nbsp;BioNTech SE&nbsp;Dived&nbsp;between 4% and 12%.&nbsp;</p><p><blockquote>医药股在盘前交易中下跌<a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">现代</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">收入</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">即将到来的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">在</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">远的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">短的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">的</a> <a href=\"https://laohu8.com/NW/1101079537\" target=\"_blank\">估计数</a>Moderna、Novavax和BioNTech SE跌幅在4%至12%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/22f1d581ec70d04f19c34a0c5a907d67\" tg-width=\"408\" tg-height=\"302\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药","BNTX":"BioNTech SE","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114412462","content_text":"Pharmaceutical stocks dropped in premarket trading after Moderna earnings coming in far short of estimates.Moderna,Novavax and BioNTech SE Dived between 4% and 12%.","news_type":1,"symbols_score_info":{"NVAX":0.9,"BNTX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848437951,"gmtCreate":1636018566267,"gmtModify":1636018567051,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848437951","repostId":"1144080729","repostType":4,"repost":{"id":"1144080729","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636013373,"share":"https://www.laohu8.com/m/news/1144080729?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:09","market":"us","language":"en","title":"Fastly stock rallied 10% in premarket trading<blockquote>Fastly股价在盘前交易中上涨10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144080729","media":"Tiger Newspress","summary":"Fastly stock is headed higher in premarket trading Thursday after the content delivery network and s","content":"<p>Fastly&nbsp;stock is headed higher in premarket trading Thursday after the content delivery network and security software company posted better-than-expected third-quarter results.</p><p><blockquote>内容交付网络和安全软件公司Fastly公布好于预期的第三季度业绩后，该公司股价周四在盘前交易中走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac59473a8ca3be4035f97c817c4808c2\" tg-width=\"850\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> For the quarter, Fastly&nbsp;posted revenue of $87 million, up 23% from a year earlier, and ahead of the Street consensus forecast of $83.7 million. On a non-GAAP basis, the company lost 11 cents a share, narrower than the Street consensus forecast for a loss of 19 cents a share.</p><p><blockquote>Fastly本季度营收为8700万美元，同比增长23%，高于华尔街普遍预测的8370万美元。按非公认会计准则计算，该公司每股亏损11美分，低于华尔街普遍预测的每股亏损19美分。</blockquote></p><p> Fastly said its enterprise customer count grew to 430 from 408 one quarter earlier, while the total customer count increased to 2,748 from 2,581.</p><p><blockquote>Fastly表示，其企业客户数量从一个季度前的408家增加到430家，而客户总数从2,581家增加到2,748家。</blockquote></p><p> The company noted that after a widely publicized network outage in the second quarter, some customers paused on using the platform. But CEO Joshua Bixby said in a letter to shareholders that the issue has been resolved and the customers are back. “I am pleased to report that our top customers have returned traffic and continue to ramp following significant stability and resilience work by our infrastructure and engineering teams,” he wrote.</p><p><blockquote>该公司指出，在第二季度广泛宣传的网络中断后，一些客户暂停使用该平台。但首席执行官约书亚·比克斯比(Joshua Bixby)在致股东的一封信中表示，问题已经解决，客户也回来了。他写道：“我很高兴地报告，经过我们的基础设施和工程团队的大量稳定性和弹性工作，我们的顶级客户已经恢复了流量，并继续增加。”</blockquote></p><p> For the December quarter, Fastly is projecting revenue of $90 million to $93 million, with a non-GAAP loss of 16 to 19 cents a share. Street consensus previously had called for revenue of $91.9 million and a loss of 15 cents a share.</p><p><blockquote>Fastly预计12月份季度的收入为9000万至9300万美元，非GAAP每股亏损为16至19美分。华尔街此前的共识是营收为9190万美元，每股亏损15美分。</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>Fastly stock rallied 10% in premarket trading<blockquote>Fastly股价在盘前交易中上涨10%</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\">\nFastly stock rallied 10% in premarket trading<blockquote>Fastly股价在盘前交易中上涨10%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 16:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Fastly&nbsp;stock is headed higher in premarket trading Thursday after the content delivery network and security software company posted better-than-expected third-quarter results.</p><p><blockquote>内容交付网络和安全软件公司Fastly公布好于预期的第三季度业绩后，该公司股价周四在盘前交易中走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac59473a8ca3be4035f97c817c4808c2\" tg-width=\"850\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> For the quarter, Fastly&nbsp;posted revenue of $87 million, up 23% from a year earlier, and ahead of the Street consensus forecast of $83.7 million. On a non-GAAP basis, the company lost 11 cents a share, narrower than the Street consensus forecast for a loss of 19 cents a share.</p><p><blockquote>Fastly本季度营收为8700万美元，同比增长23%，高于华尔街普遍预测的8370万美元。按非公认会计准则计算，该公司每股亏损11美分，低于华尔街普遍预测的每股亏损19美分。</blockquote></p><p> Fastly said its enterprise customer count grew to 430 from 408 one quarter earlier, while the total customer count increased to 2,748 from 2,581.</p><p><blockquote>Fastly表示，其企业客户数量从一个季度前的408家增加到430家，而客户总数从2,581家增加到2,748家。</blockquote></p><p> The company noted that after a widely publicized network outage in the second quarter, some customers paused on using the platform. But CEO Joshua Bixby said in a letter to shareholders that the issue has been resolved and the customers are back. “I am pleased to report that our top customers have returned traffic and continue to ramp following significant stability and resilience work by our infrastructure and engineering teams,” he wrote.</p><p><blockquote>该公司指出，在第二季度广泛宣传的网络中断后，一些客户暂停使用该平台。但首席执行官约书亚·比克斯比(Joshua Bixby)在致股东的一封信中表示，问题已经解决，客户也回来了。他写道：“我很高兴地报告，经过我们的基础设施和工程团队的大量稳定性和弹性工作，我们的顶级客户已经恢复了流量，并继续增加。”</blockquote></p><p> For the December quarter, Fastly is projecting revenue of $90 million to $93 million, with a non-GAAP loss of 16 to 19 cents a share. Street consensus previously had called for revenue of $91.9 million and a loss of 15 cents a share.</p><p><blockquote>Fastly预计12月份季度的收入为9000万至9300万美元，非GAAP每股亏损为16至19美分。华尔街此前的共识是营收为9190万美元，每股亏损15美分。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSLY":"Fastly, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144080729","content_text":"Fastly stock is headed higher in premarket trading Thursday after the content delivery network and security software company posted better-than-expected third-quarter results.\n\nFor the quarter, Fastly posted revenue of $87 million, up 23% from a year earlier, and ahead of the Street consensus forecast of $83.7 million. On a non-GAAP basis, the company lost 11 cents a share, narrower than the Street consensus forecast for a loss of 19 cents a share.\nFastly said its enterprise customer count grew to 430 from 408 one quarter earlier, while the total customer count increased to 2,748 from 2,581.\nThe company noted that after a widely publicized network outage in the second quarter, some customers paused on using the platform. But CEO Joshua Bixby said in a letter to shareholders that the issue has been resolved and the customers are back. “I am pleased to report that our top customers have returned traffic and continue to ramp following significant stability and resilience work by our infrastructure and engineering teams,” he wrote.\nFor the December quarter, Fastly is projecting revenue of $90 million to $93 million, with a non-GAAP loss of 16 to 19 cents a share. Street consensus previously had called for revenue of $91.9 million and a loss of 15 cents a share.","news_type":1,"symbols_score_info":{"FSLY":0.9}},"isVote":1,"tweetType":1,"viewCount":2708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848434428,"gmtCreate":1636018518323,"gmtModify":1636018519108,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"To those who like these stock.&nbsp;[强]&nbsp;","listText":"To those who like these stock.&nbsp;[强]&nbsp;","text":"To those who like these stock. [强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848434428","repostId":"1167064150","repostType":4,"repost":{"id":"1167064150","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636015649,"share":"https://www.laohu8.com/m/news/1167064150?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:47","market":"us","language":"en","title":"Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167064150","media":"Tiger Newspress","summary":"Hot chinese concept stocks rallied in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE h","content":"<p>Hot&nbsp;chinese&nbsp;concept&nbsp;stocks&nbsp;rallied&nbsp;in&nbsp;premarket&nbsp;trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.</p><p><blockquote>热门中概股盘前上涨，阿里巴巴-SW、京东、拼多多、百度、哔哩哔哩、贝壳控股、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在1%至4%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62b8b12c5eeaa21666c060337f5740ff\" tg-width=\"403\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 16:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hot&nbsp;chinese&nbsp;concept&nbsp;stocks&nbsp;rallied&nbsp;in&nbsp;premarket&nbsp;trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.</p><p><blockquote>热门中概股盘前上涨，阿里巴巴-SW、京东、拼多多、百度、哔哩哔哩、贝壳控股、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在1%至4%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62b8b12c5eeaa21666c060337f5740ff\" tg-width=\"403\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","JD":"京东","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167064150","content_text":"Hot chinese concept stocks rallied in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.","news_type":1,"symbols_score_info":{"BABA":0.9,"JD":0.9,"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":1999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848435613,"gmtCreate":1636018442774,"gmtModify":1636018443492,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848435613","repostId":"1198972066","repostType":4,"repost":{"id":"1198972066","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636013705,"share":"https://www.laohu8.com/m/news/1198972066?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:15","market":"us","language":"en","title":"Skillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198972066","media":"Tiger Newspress","summary":"Skillz stock fell more than 10% in premarket trading after reporting Q3 results missed estimate.Skillz reported quarterly losses of $ per share which missed the analyst consensus estimate of $ by 14.29 percent. This is a 14.29 percent decrease over losses of $ per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million","content":"<p>Skillz stock fell more than 10% in premarket trading&nbsp;after&nbsp;reporting&nbsp;Q3 results&nbsp;missed estimate.</p><p><blockquote>Skillz公布第三季度业绩未达预期后，股价在盘前交易中下跌超过10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f4afff75a232fac4a76ac89995bc0832\" tg-width=\"848\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Skillz&nbsp;reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.</p><p><blockquote>Skillz报告季度亏损为每股(0.16)美元，比分析师普遍预期的(0.14)美元低14.29%。与去年同期每股亏损(0.14)美元相比，减少了14.29%。该公司公布的季度销售额为1.0207亿美元，比分析师普遍预期的1.0231亿美元低0.23%。这比去年同期5995万美元的销售额增长了70.25%。</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>Skillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</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\">\nSkillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Skillz stock fell more than 10% in premarket trading&nbsp;after&nbsp;reporting&nbsp;Q3 results&nbsp;missed estimate.</p><p><blockquote>Skillz公布第三季度业绩未达预期后，股价在盘前交易中下跌超过10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f4afff75a232fac4a76ac89995bc0832\" tg-width=\"848\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Skillz&nbsp;reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.</p><p><blockquote>Skillz报告季度亏损为每股(0.16)美元，比分析师普遍预期的(0.14)美元低14.29%。与去年同期每股亏损(0.14)美元相比，减少了14.29%。该公司公布的季度销售额为1.0207亿美元，比分析师普遍预期的1.0231亿美元低0.23%。这比去年同期5995万美元的销售额增长了70.25%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198972066","content_text":"Skillz stock fell more than 10% in premarket trading after reporting Q3 results missed estimate.\n\nSkillz reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.","news_type":1,"symbols_score_info":{"SKLZ":0.9}},"isVote":1,"tweetType":1,"viewCount":1970,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843296224,"gmtCreate":1635829509886,"gmtModify":1635829510105,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/843296224","repostId":"2180277148","repostType":2,"isVote":1,"tweetType":1,"viewCount":2632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822632227,"gmtCreate":1634124338673,"gmtModify":1634124338898,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Will they go down further?","listText":"Will they go down further?","text":"Will they go down further?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/822632227","repostId":"1104360269","repostType":4,"repost":{"id":"1104360269","kind":"news","pubTimestamp":1634112030,"share":"https://www.laohu8.com/m/news/1104360269?lang=zh_CN&edition=full","pubTime":"2021-10-13 16:00","market":"us","language":"en","title":"Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104360269","media":"TheStreet","summary":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should in","content":"<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>Wall Street Memes列出了过去52周内表现最差的三只纳斯达克100股票。投资者是否应该趁机逢低买入？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月内上涨了28%。科技股指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去的五年里，纳斯达克的价值增长了惊人的209%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年业绩。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>在寻找好交易的过程中，Wall Street Memes关注了过去52周内表现最差的纳斯达克100只股票。负面势头是否会让位于逢低吸纳，并在可预见的未来将其中一些股票变成赢家？以下是三种潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 Vertex Pharmaceuticals–$VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值460亿美元的制药公司开发和销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今，该股已下跌22%，上次检查时目前价格为179美元。华尔街对该股的共识是适度买入。根据过去三个月的13份报告，245美元的一致目标价表明有37%的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：VRTX年初至今的表现。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司Stifel很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药物管道面临很高的市场风险，因为Vertex是一家市值500亿美元的公司，其下一个项目“不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler分析师几个月前推荐了该股，并将VRTX的目标价从261美元上调至323美元。他将自己的看涨部分归因于转型药物Trikafta以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive–$PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅，是去年疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>PTON</b>今年迄今，该股已下跌41%，上次检查时目前价格为86美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：PTON年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，华尔街认为现在可能是投资Peloton股票的好时机。根据过去三个月发布的22份报告，这家市值260亿美元的公司获得了买入共识，目标价为127美元，上涨空间为47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了估值分析的支持，估值分析可以说是过高的。分析师Eric Sheridan最近重申了对该股的卖出评级，预测PTON的价格为70美元，下跌18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过17%，这意味着市场根据该股2023年电动汽车与销售额平均倍数4.2倍的交易情况，为该机会分配了接近1.2 B美元的销售额。Street预计2023年互联健身订户约为506万。这意味着每个订户每年的支出约为240美元。”</i>从乐观的角度来看，巴克莱分析师马里奥·卢(Mario Lu)认为，近期毛利率低于预期的原因是胎面召回退款以及运输成本持续上涨。由于2022财年现在被视为投资年，因此重申了看涨情绪，因为Peloton希望将资金积极投入营销和研发——分析师认为这是正确的长期决定。他对PTON给予买入评级和50%的上涨机会。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者Cathie Wood几天前购买了大量PTON股票。伍德的Ark基金因该公司未达到盈利预期而逢低买入，目前持有170万股PTON股票，价值1.72亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1拼多多-$PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家位于上海的电子商务运营商<b>PDD</b>今年迄今，其股价下跌了42%以上——上次检查时，目前股价为96美元。据华尔街称，这家市值达1180亿美元的公司值得大力买入，预计未来12个月内将复苏42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为137美元，据信该公司被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：PDD年初至今的表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师Nicky Ge预测拼多多股价为150美元，并将拼多多近期股价疲软部分归因于市场对2021年销售总额增长的预期。该分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于2021年上半年中国互联网零售市场复苏乏力，我们预测拼多多在2021年第二季度和2021年的销售总额将分别同比增长43%和40%，而2020年同比增长66%。”</i>两个月前，Benchmark分析师Fawne Jiang将PDD目标价从176美元下调至156美元。第二季度业绩好坏参半，其标题是“尽管收入主要由于1便士的销售波动而下降，但盈利大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</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>Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-10-13 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>Wall Street Memes列出了过去52周内表现最差的三只纳斯达克100股票。投资者是否应该趁机逢低买入？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月内上涨了28%。科技股指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去的五年里，纳斯达克的价值增长了惊人的209%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年业绩。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>在寻找好交易的过程中，Wall Street Memes关注了过去52周内表现最差的纳斯达克100只股票。负面势头是否会让位于逢低吸纳，并在可预见的未来将其中一些股票变成赢家？以下是三种潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 Vertex Pharmaceuticals–$VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值460亿美元的制药公司开发和销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今，该股已下跌22%，上次检查时目前价格为179美元。华尔街对该股的共识是适度买入。根据过去三个月的13份报告，245美元的一致目标价表明有37%的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：VRTX年初至今的表现。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司Stifel很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药物管道面临很高的市场风险，因为Vertex是一家市值500亿美元的公司，其下一个项目“不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler分析师几个月前推荐了该股，并将VRTX的目标价从261美元上调至323美元。他将自己的看涨部分归因于转型药物Trikafta以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive–$PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅，是去年疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>PTON</b>今年迄今，该股已下跌41%，上次检查时目前价格为86美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：PTON年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，华尔街认为现在可能是投资Peloton股票的好时机。根据过去三个月发布的22份报告，这家市值260亿美元的公司获得了买入共识，目标价为127美元，上涨空间为47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了估值分析的支持，估值分析可以说是过高的。分析师Eric Sheridan最近重申了对该股的卖出评级，预测PTON的价格为70美元，下跌18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过17%，这意味着市场根据该股2023年电动汽车与销售额平均倍数4.2倍的交易情况，为该机会分配了接近1.2 B美元的销售额。Street预计2023年互联健身订户约为506万。这意味着每个订户每年的支出约为240美元。”</i>从乐观的角度来看，巴克莱分析师马里奥·卢(Mario Lu)认为，近期毛利率低于预期的原因是胎面召回退款以及运输成本持续上涨。由于2022财年现在被视为投资年，因此重申了看涨情绪，因为Peloton希望将资金积极投入营销和研发——分析师认为这是正确的长期决定。他对PTON给予买入评级和50%的上涨机会。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者Cathie Wood几天前购买了大量PTON股票。伍德的Ark基金因该公司未达到盈利预期而逢低买入，目前持有170万股PTON股票，价值1.72亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1拼多多-$PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家位于上海的电子商务运营商<b>PDD</b>今年迄今，其股价下跌了42%以上——上次检查时，目前股价为96美元。据华尔街称，这家市值达1180亿美元的公司值得大力买入，预计未来12个月内将复苏42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为137美元，据信该公司被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：PDD年初至今的表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师Nicky Ge预测拼多多股价为150美元，并将拼多多近期股价疲软部分归因于市场对2021年销售总额增长的预期。该分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于2021年上半年中国互联网零售市场复苏乏力，我们预测拼多多在2021年第二季度和2021年的销售总额将分别同比增长43%和40%，而2020年同比增长66%。”</i>两个月前，Benchmark分析师Fawne Jiang将PDD目标价从176美元下调至156美元。第二季度业绩好坏参半，其标题是“尽管收入主要由于1便士的销售波动而下降，但盈利大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","PDD":"拼多多","VRTX":"福泰制药","QQQ":"纳指100ETF"},"source_url":"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104360269","content_text":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?\nThe Nasdaq 100 has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple to Amazon and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.\nFigure 1: Nasdaq Invesco QQQ performance in the past 5 years.\nIn its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.\n#3 Vertex Pharmaceuticals - $VRTX\nThe $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis. VRTX stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.\nFigure 2: VRTX performance year-to-date.\nBearishness has been well presented by research company Stifel. After downgrading the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.\nOn the other hand, Piper Sandler analyst recommended the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.\n#2 Peloton Interactive - $PTON\nThe company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.PTON stock has been down 41% year-to-date and is currently priced at $86 at last check.\nFigure 3: PTON performance year-to-date.\nDespite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.\nThe bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.\n\n\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"\n\nOn the bullish side, Barclays analyst Mario Lu justified the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.\nLastly, famed investor Cathie Wood purchased a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.\n#1 Pinduoduo Inc. - $PDD\nThis Shanghai-based e-commerce operator PDD saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.\nFigure 4: PDD performance year-to-date.\nChina Renaissance analyst Nicky Ge forecasts $150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:\n\n“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”\n\nTwo months ago, Benchmark analyst Fawne Jiang lowered his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.","news_type":1,"symbols_score_info":{"PTON":0.9,"PDD":0.9,"QQQ":0.9,"VRTX":0.9}},"isVote":1,"tweetType":1,"viewCount":2702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822632361,"gmtCreate":1634124174526,"gmtModify":1634124174764,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good news&nbsp;","listText":"Good news&nbsp;","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822632361","repostId":"2175152592","repostType":4,"repost":{"id":"2175152592","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634122062,"share":"https://www.laohu8.com/m/news/2175152592?lang=zh_CN&edition=full","pubTime":"2021-10-13 18:47","market":"us","language":"en","title":"JPMorgan Chase Q3 EPS $3.74 Beats $3.00 Estimate<blockquote>摩根大通第三季度每股收益3.74美元，超出预期3.00美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2175152592","media":"Benzinga","summary":"-Dow Jones","content":"<p>JPMorgan Chase &amp; Co&nbsp;reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank's Wall Street arm capitalized on a global dealmaking boom.</p><p><blockquote>摩根大通周三公布第三季度盈利大幅增长，这家美国最大银行的华尔街分支机构利用了全球交易热潮。</blockquote></p><p> JPMorgan's net income rose to $11.7 billion, or $3.74 per share, in the quarter ended Sept. 30, compared with $9.4 billion, or $2.92 per share, a year earlier.</p><p><blockquote>截至9月30日的季度，摩根大通净利润升至117亿美元，即每股3.74美元，而去年同期为94亿美元，即每股2.92美元。</blockquote></p><p> Analysts on average had expected earnings of $3.00 per share, according to Refinitiv.</p><p><blockquote>根据Refinitiv的数据，分析师平均预期每股收益为3.00美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d9a19448ee10d9f8c7752c706a1008e4\" tg-width=\"1029\" tg-height=\"381\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The&nbsp;shares&nbsp;rose&nbsp;0.5%&nbsp;in premarket trading.</p><p><blockquote>该股在盘前交易中上涨0。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b93eba6cab488f2d83cd244be3c9369b\" tg-width=\"850\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>THIRD-QUARTER 2021 RESULTS</b></p><p><blockquote><b>2021年第三季度业绩</b></blockquote></p><p> <ul>  <li>Reported revenue of $29.6 billion; managed revenue of $30.4 billion</li> </ul> <ul>  <li>Credit costs net benefit of $1.5 billion included $2.1 billion of net reserve release and $524 million of net charge-offs</li> </ul> <ul>  <li>Average loans up 5%; average deposits up 19%$1.6 trillion of liquidity sources, including HQLA and unencumbered marketable securities</li> </ul> <ul>  <li>Average deposits up 20%; client investment assets up 29%</li> </ul> <ul>  <li>Average loans down 2% YoY and up 1% QoQ; Card net charge-off rate of 1.39%</li> </ul> <ul>  <li>Debit and credit card sales volume up 26%</li> </ul> <ul>  <li>Active mobile customers up 10%</li> </ul></p><p><blockquote><ul><li>报告收入为296亿美元；管理收入304亿美元</li></ul><ul><li>信贷成本15亿美元的净收益包括21亿美元的净准备金释放和5.24亿美元的净冲销</li></ul><ul><li>平均贷款增长5%；平均存款增长19%流动性来源1.6万亿美元，包括HQLA和无抵押有价证券</li></ul><ul><li>平均存款增长20%；客户投资资产增长29%</li></ul><ul><li>平均贷款同比下降2%，环比增长1%；卡净核销率1.39%</li></ul><ul><li>借记卡和信用卡销量增长26%</li></ul><ul><li>活跃移动客户增长10%</li></ul></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>JPMorgan Chase Q3 EPS $3.74 Beats $3.00 Estimate<blockquote>摩根大通第三季度每股收益3.74美元，超出预期3.00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\">\nJPMorgan Chase Q3 EPS $3.74 Beats $3.00 Estimate<blockquote>摩根大通第三季度每股收益3.74美元，超出预期3.00美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-13 18:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>JPMorgan Chase &amp; Co&nbsp;reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank's Wall Street arm capitalized on a global dealmaking boom.</p><p><blockquote>摩根大通周三公布第三季度盈利大幅增长，这家美国最大银行的华尔街分支机构利用了全球交易热潮。</blockquote></p><p> JPMorgan's net income rose to $11.7 billion, or $3.74 per share, in the quarter ended Sept. 30, compared with $9.4 billion, or $2.92 per share, a year earlier.</p><p><blockquote>截至9月30日的季度，摩根大通净利润升至117亿美元，即每股3.74美元，而去年同期为94亿美元，即每股2.92美元。</blockquote></p><p> Analysts on average had expected earnings of $3.00 per share, according to Refinitiv.</p><p><blockquote>根据Refinitiv的数据，分析师平均预期每股收益为3.00美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d9a19448ee10d9f8c7752c706a1008e4\" tg-width=\"1029\" tg-height=\"381\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The&nbsp;shares&nbsp;rose&nbsp;0.5%&nbsp;in premarket trading.</p><p><blockquote>该股在盘前交易中上涨0。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b93eba6cab488f2d83cd244be3c9369b\" tg-width=\"850\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>THIRD-QUARTER 2021 RESULTS</b></p><p><blockquote><b>2021年第三季度业绩</b></blockquote></p><p> <ul>  <li>Reported revenue of $29.6 billion; managed revenue of $30.4 billion</li> </ul> <ul>  <li>Credit costs net benefit of $1.5 billion included $2.1 billion of net reserve release and $524 million of net charge-offs</li> </ul> <ul>  <li>Average loans up 5%; average deposits up 19%$1.6 trillion of liquidity sources, including HQLA and unencumbered marketable securities</li> </ul> <ul>  <li>Average deposits up 20%; client investment assets up 29%</li> </ul> <ul>  <li>Average loans down 2% YoY and up 1% QoQ; Card net charge-off rate of 1.39%</li> </ul> <ul>  <li>Debit and credit card sales volume up 26%</li> </ul> <ul>  <li>Active mobile customers up 10%</li> </ul></p><p><blockquote><ul><li>报告收入为296亿美元；管理收入304亿美元</li></ul><ul><li>信贷成本15亿美元的净收益包括21亿美元的净准备金释放和5.24亿美元的净冲销</li></ul><ul><li>平均贷款增长5%；平均存款增长19%流动性来源1.6万亿美元，包括HQLA和无抵押有价证券</li></ul><ul><li>平均存款增长20%；客户投资资产增长29%</li></ul><ul><li>平均贷款同比下降2%，环比增长1%；卡净核销率1.39%</li></ul><ul><li>借记卡和信用卡销量增长26%</li></ul><ul><li>活跃移动客户增长10%</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2175152592","content_text":"JPMorgan Chase & Co reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank's Wall Street arm capitalized on a global dealmaking boom.\nJPMorgan's net income rose to $11.7 billion, or $3.74 per share, in the quarter ended Sept. 30, compared with $9.4 billion, or $2.92 per share, a year earlier.\nAnalysts on average had expected earnings of $3.00 per share, according to Refinitiv.\n\nThe shares rose 0.5% in premarket trading.\n\nTHIRD-QUARTER 2021 RESULTS\n\nReported revenue of $29.6 billion; managed revenue of $30.4 billion\n\n\nCredit costs net benefit of $1.5 billion included $2.1 billion of net reserve release and $524 million of net charge-offs\n\n\nAverage loans up 5%; average deposits up 19%$1.6 trillion of liquidity sources, including HQLA and unencumbered marketable securities\n\n\nAverage deposits up 20%; client investment assets up 29%\n\n\nAverage loans down 2% YoY and up 1% QoQ; Card net charge-off rate of 1.39%\n\n\nDebit and credit card sales volume up 26%\n\n\nActive mobile customers up 10%","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":2497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829505066,"gmtCreate":1633523825255,"gmtModify":1633523825954,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Better watch out","listText":"Better watch out","text":"Better watch out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829505066","repostId":"1181837371","repostType":4,"repost":{"id":"1181837371","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633476959,"share":"https://www.laohu8.com/m/news/1181837371?lang=zh_CN&edition=full","pubTime":"2021-10-06 07:35","market":"us","language":"en","title":"Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181837371","media":"Tiger Newspress","summary":"Camber Energy shares continued to plunge 15% after hours following scathing report.\n\nCamber is 'a de","content":"<p>Camber Energy shares continued to plunge 15% after hours following scathing report.</p><p><blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b270c54fb6aa2e97d46a66bc8c52db4f\" tg-width=\"850\" tg-height=\"617\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Camber is 'a defunct oil producer that has failed to file financial statements with the SEC since September 2020,' Kerrisdale Capital says.</p><p><blockquote>Kerrisdale Capital表示，Camber是一家已倒闭的石油生产商，自2020年9月以来一直未能向SEC提交财务报表。</blockquote></p><p> Camber Energy&nbsp;lost half its value Tuesday after a scathing report from Kerrisdale Capital said the independent oil and gas company was \"a&nbsp;defunct oil producer.\"</p><p><blockquote>周二，Kerrisdale Capital的一份严厉报告称这家独立石油和天然气公司是“一家已倒闭的石油生产商”，坎伯能源公司的价值下跌了一半。</blockquote></p><p> Shares of the Houston, Tex. company ended the regular session Tuesday off $1.56, or 51%, at $1.53.</p><p><blockquote>德克萨斯州休斯顿的股票。该公司周二常规交易结束时下跌1.56美元，跌幅51%，至1.53美元。</blockquote></p><p> Last week, shares of Camber Energy soared when it became the highest trending name on StockTwits and in the top-5 on the WallStreetBets Reddit thread.</p><p><blockquote>上周，Camber Energy的股价飙升，成为StockTwits上最受欢迎的名字，并跻身WallStreetBets Reddit主题的前五名。</blockquote></p><p> \"Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September,\" Kerrisdale said in its report.</p><p><blockquote>Kerrisdale在报告中表示：“Camber是一家已倒闭的石油生产商，自2020年9月以来一直未能向SEC提交财务报表，其股票面临下个月退市的危险，并且刚刚在9月份解雇了其会计师事务所。”</blockquote></p><p> The report said that the company's only real asset is a 73% stake in Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"</p><p><blockquote>报告称，该公司唯一的实物资产是Viking Energy 73%的股份，“这是一家场外交易公司，账面价值为负，并收到持续经营警告，最近违反了其一笔贷款的最大杠杆契约。”</blockquote></p><p> \"Nonetheless, Camber’s stock price has increased by 6x over the past month; last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.</p><p><blockquote>报告称：“尽管如此，Camber的股价在过去一个月里上涨了6倍；上周，令人惊讶的是，平均每天有价值19亿美元的Camber股票易手。”</blockquote></p><p> Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.</p><p><blockquote>维京能源集团拥有德克萨斯州、路易斯安那州和密西西比州油气田的权益，这些油气田总共包含超过145口活跃油井。</blockquote></p><p> The report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"</p><p><blockquote>该报告称，“CEI无用行为中最令人着迷的部分实际上与更基本的事情有关：有多少股，为什么稀释会失控？”</blockquote></p><p> \"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.</p><p><blockquote>Kerrisdale表示：“我们认为市场对Camber的股票数量存在严重误解，并且不了解其可怕的资本结构。”</blockquote></p><p> <b>Company response</b></p><p><blockquote><b>公司回应</b></blockquote></p><p> James Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"</p><p><blockquote>Camber总裁兼首席执行官詹姆斯·多丽丝(James Doris)在一份声明中表示，“我们不参与公司普通股的日常交易，也不对其发表评论。”</blockquote></p><p> \"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.</p><p><blockquote>“然而，我可以说，我们的业务关系是合法的，我们坚定地致力于改善组织的资本并执行我们的增长战略，”他继续说道。</blockquote></p><p> With respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"</p><p><blockquote>关于公司的公开文件，多丽丝表示：“我们的目标是让公司在纽约证券交易所规定的初始修复期到期（即2021年11月19日左右）或之前实现现代化。”</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>Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%</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{ 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{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\">\nCamber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-06 07:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Camber Energy shares continued to plunge 15% after hours following scathing report.</p><p><blockquote>在严厉的报告发布后，Camber Energy股价盘后继续暴跌15%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b270c54fb6aa2e97d46a66bc8c52db4f\" tg-width=\"850\" tg-height=\"617\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Camber is 'a defunct oil producer that has failed to file financial statements with the SEC since September 2020,' Kerrisdale Capital says.</p><p><blockquote>Kerrisdale Capital表示，Camber是一家已倒闭的石油生产商，自2020年9月以来一直未能向SEC提交财务报表。</blockquote></p><p> Camber Energy&nbsp;lost half its value Tuesday after a scathing report from Kerrisdale Capital said the independent oil and gas company was \"a&nbsp;defunct oil producer.\"</p><p><blockquote>周二，Kerrisdale Capital的一份严厉报告称这家独立石油和天然气公司是“一家已倒闭的石油生产商”，坎伯能源公司的价值下跌了一半。</blockquote></p><p> Shares of the Houston, Tex. company ended the regular session Tuesday off $1.56, or 51%, at $1.53.</p><p><blockquote>德克萨斯州休斯顿的股票。该公司周二常规交易结束时下跌1.56美元，跌幅51%，至1.53美元。</blockquote></p><p> Last week, shares of Camber Energy soared when it became the highest trending name on StockTwits and in the top-5 on the WallStreetBets Reddit thread.</p><p><blockquote>上周，Camber Energy的股价飙升，成为StockTwits上最受欢迎的名字，并跻身WallStreetBets Reddit主题的前五名。</blockquote></p><p> \"Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September,\" Kerrisdale said in its report.</p><p><blockquote>Kerrisdale在报告中表示：“Camber是一家已倒闭的石油生产商，自2020年9月以来一直未能向SEC提交财务报表，其股票面临下个月退市的危险，并且刚刚在9月份解雇了其会计师事务所。”</blockquote></p><p> The report said that the company's only real asset is a 73% stake in Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"</p><p><blockquote>报告称，该公司唯一的实物资产是Viking Energy 73%的股份，“这是一家场外交易公司，账面价值为负，并收到持续经营警告，最近违反了其一笔贷款的最大杠杆契约。”</blockquote></p><p> \"Nonetheless, Camber’s stock price has increased by 6x over the past month; last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.</p><p><blockquote>报告称：“尽管如此，Camber的股价在过去一个月里上涨了6倍；上周，令人惊讶的是，平均每天有价值19亿美元的Camber股票易手。”</blockquote></p><p> Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.</p><p><blockquote>维京能源集团拥有德克萨斯州、路易斯安那州和密西西比州油气田的权益，这些油气田总共包含超过145口活跃油井。</blockquote></p><p> The report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"</p><p><blockquote>该报告称，“CEI无用行为中最令人着迷的部分实际上与更基本的事情有关：有多少股，为什么稀释会失控？”</blockquote></p><p> \"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.</p><p><blockquote>Kerrisdale表示：“我们认为市场对Camber的股票数量存在严重误解，并且不了解其可怕的资本结构。”</blockquote></p><p> <b>Company response</b></p><p><blockquote><b>公司回应</b></blockquote></p><p> James Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"</p><p><blockquote>Camber总裁兼首席执行官詹姆斯·多丽丝(James Doris)在一份声明中表示，“我们不参与公司普通股的日常交易，也不对其发表评论。”</blockquote></p><p> \"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.</p><p><blockquote>“然而，我可以说，我们的业务关系是合法的，我们坚定地致力于改善组织的资本并执行我们的增长战略，”他继续说道。</blockquote></p><p> With respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"</p><p><blockquote>关于公司的公开文件，多丽丝表示：“我们的目标是让公司在纽约证券交易所规定的初始修复期到期（即2021年11月19日左右）或之前实现现代化。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CEI":"Camber Energy"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181837371","content_text":"Camber Energy shares continued to plunge 15% after hours following scathing report.\n\nCamber is 'a defunct oil producer that has failed to file financial statements with the SEC since September 2020,' Kerrisdale Capital says.\nCamber Energy lost half its value Tuesday after a scathing report from Kerrisdale Capital said the independent oil and gas company was \"a defunct oil producer.\"\nShares of the Houston, Tex. company ended the regular session Tuesday off $1.56, or 51%, at $1.53.\nLast week, shares of Camber Energy soared when it became the highest trending name on StockTwits and in the top-5 on the WallStreetBets Reddit thread.\n\"Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September,\" Kerrisdale said in its report.\nThe report said that the company's only real asset is a 73% stake in Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"\n\"Nonetheless, Camber’s stock price has increased by 6x over the past month; last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.\nViking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.\nThe report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"\n\"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.\nCompany response\nJames Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"\n\"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.\nWith respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"","news_type":1,"symbols_score_info":{"CEI":0.9}},"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829502224,"gmtCreate":1633523788357,"gmtModify":1633523822763,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829502224","repostId":"1103051417","repostType":4,"isVote":1,"tweetType":1,"viewCount":873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829506248,"gmtCreate":1633523689593,"gmtModify":1633523715861,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Whats drop will up again.&nbsp;","listText":"Whats drop will up again.&nbsp;","text":"Whats drop will up again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829506248","repostId":"1120895443","repostType":4,"isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867648690,"gmtCreate":1633262125783,"gmtModify":1633262126626,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know.","listText":"Good to know.","text":"Good to know.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867648690","repostId":"2172614079","repostType":4,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865460830,"gmtCreate":1633011294179,"gmtModify":1633011361176,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Drop&nbsp;","listText":"Drop&nbsp;","text":"Drop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/865460830","repostId":"1175452011","repostType":4,"repost":{"id":"1175452011","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633009665,"share":"https://www.laohu8.com/m/news/1175452011?lang=zh_CN&edition=full","pubTime":"2021-09-30 21:47","market":"us","language":"en","title":"Bit Digital stock tumbled 16% in morning trading<blockquote>Bit Digital股价早盘暴跌16%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175452011","media":"Tiger Newspress","summary":"Bit Digital stock tumbled 16% in morning trading after announcing $80 million private placement.\n\nBi","content":"<p>Bit Digital stock tumbled 16% in morning trading&nbsp;after&nbsp;announcing $80 million private placement.</p><p><blockquote>Bit Digital宣布定向增发8000万美元后，股价早盘下跌16%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a618b596bc973f01d1fa301ae23922\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Bit Digital, Inc.&nbsp;today announced that it has entered into a definitive agreement with institutional investors to purchase 13,490,728 ordinary shares in a private placement. The Company will also issue to the investors unregistered warrants to purchase up to an aggregate of 10,118,046 ordinary shares. The purchase price foroneordinary share and one warrant to purchase three-fourths of an ordinary share is$5.93.&nbsp; The warrants have an exercise price of$7.91per whole ordinary share, will be exercisable immediately, and will have a term equal to three and one-half years following the effective date of the resale registration statement registering the ordinary shares and warrant shares<b>.</b></p><p><blockquote>Bit Digital，Inc.今天宣布，它已与机构投资者达成最终协议，通过私募购买13,490，728股普通股。本公司亦将向投资者发行未登记认股权证，以购买最多合共10,118,046股普通股。一股普通股和一份购买四分之三普通股的认股权证的购买价格为5.93美元。认股权证的行使价为每股普通股7.91美元，可立即行使，期限等于登记普通股和认股权证股份的转售登记声明生效日期后的三年半<b>.</b></blockquote></p><p> H.C. Wainwright &amp; Co. is acting as the exclusive placement agent for the offering.</p><p><blockquote>H.C.Wainwright&amp;Co.是此次发行的独家配售代理。</blockquote></p><p> The gross proceeds from the private placement are expected to be approximately&nbsp;$80 million before deducting placement agent fees and other estimated offering expenses. The private placement is expected to close on or about&nbsp;October 4, 2021, subject to the satisfaction of customary closing conditions.</p><p><blockquote>在扣除配售代理费和其他预计发行费用之前，此次私募的总收益预计约为8000万美元。此次私募预计将于2021年10月4日左右结束，但须满足惯例成交条件。</blockquote></p><p> <b>AboutBit Digital</b></p><p><blockquote><b>关于比特数字</b></blockquote></p><p> Bit Digital, Inc. is a sustainability-focused bitcoin mining company. Headquartered inNew York, Bit Digital's mining operations are located inthe United StatesandCanada.</p><p><blockquote>Bit Digital，Inc.是一家专注于可持续发展的比特币矿业公司。Bit Digital总部位于纽约，其采矿业务位于美国和加拿大。</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>Bit Digital stock tumbled 16% in morning trading<blockquote>Bit Digital股价早盘暴跌16%</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\">\nBit Digital stock tumbled 16% in morning trading<blockquote>Bit Digital股价早盘暴跌16%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-30 21:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bit Digital stock tumbled 16% in morning trading&nbsp;after&nbsp;announcing $80 million private placement.</p><p><blockquote>Bit Digital宣布定向增发8000万美元后，股价早盘下跌16%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a618b596bc973f01d1fa301ae23922\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Bit Digital, Inc.&nbsp;today announced that it has entered into a definitive agreement with institutional investors to purchase 13,490,728 ordinary shares in a private placement. The Company will also issue to the investors unregistered warrants to purchase up to an aggregate of 10,118,046 ordinary shares. The purchase price foroneordinary share and one warrant to purchase three-fourths of an ordinary share is$5.93.&nbsp; The warrants have an exercise price of$7.91per whole ordinary share, will be exercisable immediately, and will have a term equal to three and one-half years following the effective date of the resale registration statement registering the ordinary shares and warrant shares<b>.</b></p><p><blockquote>Bit Digital，Inc.今天宣布，它已与机构投资者达成最终协议，通过私募购买13,490，728股普通股。本公司亦将向投资者发行未登记认股权证，以购买最多合共10,118,046股普通股。一股普通股和一份购买四分之三普通股的认股权证的购买价格为5.93美元。认股权证的行使价为每股普通股7.91美元，可立即行使，期限等于登记普通股和认股权证股份的转售登记声明生效日期后的三年半<b>.</b></blockquote></p><p> H.C. Wainwright &amp; Co. is acting as the exclusive placement agent for the offering.</p><p><blockquote>H.C.Wainwright&amp;Co.是此次发行的独家配售代理。</blockquote></p><p> The gross proceeds from the private placement are expected to be approximately&nbsp;$80 million before deducting placement agent fees and other estimated offering expenses. The private placement is expected to close on or about&nbsp;October 4, 2021, subject to the satisfaction of customary closing conditions.</p><p><blockquote>在扣除配售代理费和其他预计发行费用之前，此次私募的总收益预计约为8000万美元。此次私募预计将于2021年10月4日左右结束，但须满足惯例成交条件。</blockquote></p><p> <b>AboutBit Digital</b></p><p><blockquote><b>关于比特数字</b></blockquote></p><p> Bit Digital, Inc. is a sustainability-focused bitcoin mining company. Headquartered inNew York, Bit Digital's mining operations are located inthe United StatesandCanada.</p><p><blockquote>Bit Digital，Inc.是一家专注于可持续发展的比特币矿业公司。Bit Digital总部位于纽约，其采矿业务位于美国和加拿大。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTBT":"Bit Digital, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175452011","content_text":"Bit Digital stock tumbled 16% in morning trading after announcing $80 million private placement.\n\nBit Digital, Inc. today announced that it has entered into a definitive agreement with institutional investors to purchase 13,490,728 ordinary shares in a private placement. The Company will also issue to the investors unregistered warrants to purchase up to an aggregate of 10,118,046 ordinary shares. The purchase price foroneordinary share and one warrant to purchase three-fourths of an ordinary share is$5.93.  The warrants have an exercise price of$7.91per whole ordinary share, will be exercisable immediately, and will have a term equal to three and one-half years following the effective date of the resale registration statement registering the ordinary shares and warrant shares.\nH.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.\nThe gross proceeds from the private placement are expected to be approximately $80 million before deducting placement agent fees and other estimated offering expenses. The private placement is expected to close on or about October 4, 2021, subject to the satisfaction of customary closing conditions.\nAboutBit Digital\nBit Digital, Inc. is a sustainability-focused bitcoin mining company. Headquartered inNew York, Bit Digital's mining operations are located inthe United StatesandCanada.","news_type":1,"symbols_score_info":{"BTBT":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866999022,"gmtCreate":1632718258766,"gmtModify":1632798318809,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866999022","repostId":"1114176831","repostType":4,"repost":{"id":"1114176831","kind":"news","pubTimestamp":1632713944,"share":"https://www.laohu8.com/m/news/1114176831?lang=zh_CN&edition=full","pubTime":"2021-09-27 11:39","market":"us","language":"en","title":"Will Healthcare Triangle IPO Make Waves? Seeks to Raise $40 Million<blockquote>医疗三角IPO会掀起波澜吗？寻求筹集4000万美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114176831","media":"marketrealist","summary":"A healthcare technology company, Healthcare Triangle, is seeking an IPO to raise $40 million, accord","content":"<p>A healthcare technology company, Healthcare Triangle, is seeking an&nbsp;IPO to raise $40 million, according to its filed S-1 registration statement. Based in Pleasanton, Calif., Healthcare Triangle has a suite of software offerings for healthcare and pharmaceutical organizations.</p><p><blockquote>根据其提交的S-1注册声明，医疗保健技术公司Healthcare Triangle正在寻求IPO以筹集4000万美元。Healthcare Triangle总部位于加利福尼亚州普莱森顿，为医疗保健和制药组织提供一套软件产品。</blockquote></p><p> The company was founded in 2019 and aims to provide businesses with a 360° solution for technology, data, care delivery, and business operation needs. Key services provided by&nbsp;Healthcare Triangleare digital transformation, data lifecycle management, strategy and consulting, healthcare IT managed services, and blockchain infrastructure.</p><p><blockquote>该公司成立于2019年，旨在为企业提供技术、数据、护理交付和业务运营需求的360°解决方案。医疗保健三角提供的主要服务包括数字化转型、数据生命周期管理、战略和咨询、医疗保健IT托管服务和区块链基础设施。</blockquote></p><p> In June 2021, Healthcare Triangle launched itsCloudEZ platform, a SaaS offering providing frameworks for healthcare organizations to build self-serve&nbsp;cloud platforms. In July, the company reached&nbsp;Google Cloud Affiliate Partner&nbsp;status for its success working on Google’s cloud infrastructure.</p><p><blockquote>2021年6月，Healthcare Triangle推出了其Cloudez平台，这是一个SaaS产品，为医疗保健组织提供构建自助云平台的框架。7月，该公司因在谷歌云基础设施上取得成功而获得谷歌云附属合作伙伴地位。</blockquote></p><p> Healthcare Triangle IPO share price and stock symbol</p><p><blockquote>Healthcare Triangle IPO股价和股票代码</blockquote></p><p> In the IPO for Healthcare Triangle, the company intends to offer 8 million shares of its common stock. The price range targeted for its IPO is$4.50–$5.50 per share. Therefore, at the midpoint of the proposed price range, the firm would have a $210 million fully diluted market value.</p><p><blockquote>在Healthcare Triangle的首次公开募股中，该公司打算发行800万股普通股。其IPO的目标价格范围为每股4.50-5.50美元。因此，在拟议价格范围的中点，该公司的完全稀释市值将为2.1亿美元。</blockquote></p><p> The Healthcare Triangle IPO is expected to take the company public on the Nasdaq, where the trading stock symbol will be \"HCTI.\" The only listed book runner on the deal is EF Hutton.</p><p><blockquote>Healthcare Triangle IPO预计将使该公司在纳斯达克上市，交易股票代码为“HCTI”。该交易中唯一的上市账簿管理人是EF Hutton。</blockquote></p><p> The customers that the company seeks are generally hospitals and healthcare organizations that need more efficient EHR (electronic health record) systems and services to enhance their IT infrastructure. Healthcare providers, healthcare payers, and life sciences are the company’s target industries.</p><p><blockquote>该公司寻求的客户通常是需要更高效的EHR（电子健康记录）系统和服务来增强其IT基础设施的医院和医疗保健组织。医疗保健提供商、医疗保健支付者和生命科学是该公司的目标行业。</blockquote></p><p> Healthcare Triangle booked $34 million in sales for the 12 months ended June 30, 2021. The free cash flow during that period was negative $2.9 million.</p><p><blockquote>截至2021年6月30日的12个月，Healthcare Triangle的销售额为3400万美元。该期间的自由现金流为负290万美元。</blockquote></p><p> Healthcare information technology market conditions</p><p><blockquote>医疗保健信息技术市场状况</blockquote></p><p> In 2020, the global healthcare information technology market was an&nbsp;estimated $74.2 billion, according to data from Grand View Research. By 2028, the market value is projected to grow to $167 billion for a CAGR of 10.7 percent.</p><p><blockquote>根据Grand View Research的数据，2020年，全球医疗保健信息技术市场规模估计为742亿美元。到2028年，市值预计将增长至1670亿美元，复合年增长率为10.7%。</blockquote></p><p> Technological advancement for healthcare is fueling the sector's growth. Some of the improvements include advances in IoT (Internet of Things), AI, and big data in healthcare processes. Grand View Research also noted that the growth of IT services is partly due to a growing geriatric population, higher cost of hospital equipment, and increased demand for home healthcare services.</p><p><blockquote>医疗保健的技术进步正在推动该行业的增长。一些改进包括医疗保健流程中IoT（物联网）、人工智能和大数据的进步。Grand View Research还指出，IT服务的增长部分是由于老年人口的增长、医院设备成本的上升以及对家庭医疗保健服务需求的增加。</blockquote></p><p> Healthcare Triangle faces competition from other companies in the industry including Accenture, Cognizant, ClearDATA, Veeva Systems, and Health Catalyst.</p><p><blockquote>医疗保健三角面临着来自业内其他公司的竞争，包括埃森哲、Cognizant、ClearDATA、Veeva Systems和Health Catalyst。</blockquote></p><p> Healthcare Triangle leadership</p><p><blockquote>医疗保健三角领导</blockquote></p><p> Healthcare Triangle is a fully-owned subsidiary of SecureKloud Technologies, which is based in India. Healthcare Triangle's parent company is already publicly traded in India, and its leaders are in charge of Healthcare Triangle as well.</p><p><blockquote>Healthcare Triangle是总部位于印度的SecureKloud Technologies的全资子公司。Healthcare Triangle的母公司已经在印度上市，其领导人也负责Healthcare Triangle。</blockquote></p><p></p>","source":"lsy1632714073570","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>Will Healthcare Triangle IPO Make Waves? Seeks to Raise $40 Million<blockquote>医疗三角IPO会掀起波澜吗？寻求筹集4000万美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Healthcare Triangle IPO Make Waves? Seeks to Raise $40 Million<blockquote>医疗三角IPO会掀起波澜吗？寻求筹集4000万美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketrealist</strong><span class=\"h-time small\">2021-09-27 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A healthcare technology company, Healthcare Triangle, is seeking an&nbsp;IPO to raise $40 million, according to its filed S-1 registration statement. Based in Pleasanton, Calif., Healthcare Triangle has a suite of software offerings for healthcare and pharmaceutical organizations.</p><p><blockquote>根据其提交的S-1注册声明，医疗保健技术公司Healthcare Triangle正在寻求IPO以筹集4000万美元。Healthcare Triangle总部位于加利福尼亚州普莱森顿，为医疗保健和制药组织提供一套软件产品。</blockquote></p><p> The company was founded in 2019 and aims to provide businesses with a 360° solution for technology, data, care delivery, and business operation needs. Key services provided by&nbsp;Healthcare Triangleare digital transformation, data lifecycle management, strategy and consulting, healthcare IT managed services, and blockchain infrastructure.</p><p><blockquote>该公司成立于2019年，旨在为企业提供技术、数据、护理交付和业务运营需求的360°解决方案。医疗保健三角提供的主要服务包括数字化转型、数据生命周期管理、战略和咨询、医疗保健IT托管服务和区块链基础设施。</blockquote></p><p> In June 2021, Healthcare Triangle launched itsCloudEZ platform, a SaaS offering providing frameworks for healthcare organizations to build self-serve&nbsp;cloud platforms. In July, the company reached&nbsp;Google Cloud Affiliate Partner&nbsp;status for its success working on Google’s cloud infrastructure.</p><p><blockquote>2021年6月，Healthcare Triangle推出了其Cloudez平台，这是一个SaaS产品，为医疗保健组织提供构建自助云平台的框架。7月，该公司因在谷歌云基础设施上取得成功而获得谷歌云附属合作伙伴地位。</blockquote></p><p> Healthcare Triangle IPO share price and stock symbol</p><p><blockquote>Healthcare Triangle IPO股价和股票代码</blockquote></p><p> In the IPO for Healthcare Triangle, the company intends to offer 8 million shares of its common stock. The price range targeted for its IPO is$4.50–$5.50 per share. Therefore, at the midpoint of the proposed price range, the firm would have a $210 million fully diluted market value.</p><p><blockquote>在Healthcare Triangle的首次公开募股中，该公司打算发行800万股普通股。其IPO的目标价格范围为每股4.50-5.50美元。因此，在拟议价格范围的中点，该公司的完全稀释市值将为2.1亿美元。</blockquote></p><p> The Healthcare Triangle IPO is expected to take the company public on the Nasdaq, where the trading stock symbol will be \"HCTI.\" The only listed book runner on the deal is EF Hutton.</p><p><blockquote>Healthcare Triangle IPO预计将使该公司在纳斯达克上市，交易股票代码为“HCTI”。该交易中唯一的上市账簿管理人是EF Hutton。</blockquote></p><p> The customers that the company seeks are generally hospitals and healthcare organizations that need more efficient EHR (electronic health record) systems and services to enhance their IT infrastructure. Healthcare providers, healthcare payers, and life sciences are the company’s target industries.</p><p><blockquote>该公司寻求的客户通常是需要更高效的EHR（电子健康记录）系统和服务来增强其IT基础设施的医院和医疗保健组织。医疗保健提供商、医疗保健支付者和生命科学是该公司的目标行业。</blockquote></p><p> Healthcare Triangle booked $34 million in sales for the 12 months ended June 30, 2021. The free cash flow during that period was negative $2.9 million.</p><p><blockquote>截至2021年6月30日的12个月，Healthcare Triangle的销售额为3400万美元。该期间的自由现金流为负290万美元。</blockquote></p><p> Healthcare information technology market conditions</p><p><blockquote>医疗保健信息技术市场状况</blockquote></p><p> In 2020, the global healthcare information technology market was an&nbsp;estimated $74.2 billion, according to data from Grand View Research. By 2028, the market value is projected to grow to $167 billion for a CAGR of 10.7 percent.</p><p><blockquote>根据Grand View Research的数据，2020年，全球医疗保健信息技术市场规模估计为742亿美元。到2028年，市值预计将增长至1670亿美元，复合年增长率为10.7%。</blockquote></p><p> Technological advancement for healthcare is fueling the sector's growth. Some of the improvements include advances in IoT (Internet of Things), AI, and big data in healthcare processes. Grand View Research also noted that the growth of IT services is partly due to a growing geriatric population, higher cost of hospital equipment, and increased demand for home healthcare services.</p><p><blockquote>医疗保健的技术进步正在推动该行业的增长。一些改进包括医疗保健流程中IoT（物联网）、人工智能和大数据的进步。Grand View Research还指出，IT服务的增长部分是由于老年人口的增长、医院设备成本的上升以及对家庭医疗保健服务需求的增加。</blockquote></p><p> Healthcare Triangle faces competition from other companies in the industry including Accenture, Cognizant, ClearDATA, Veeva Systems, and Health Catalyst.</p><p><blockquote>医疗保健三角面临着来自业内其他公司的竞争，包括埃森哲、Cognizant、ClearDATA、Veeva Systems和Health Catalyst。</blockquote></p><p> Healthcare Triangle leadership</p><p><blockquote>医疗保健三角领导</blockquote></p><p> Healthcare Triangle is a fully-owned subsidiary of SecureKloud Technologies, which is based in India. Healthcare Triangle's parent company is already publicly traded in India, and its leaders are in charge of Healthcare Triangle as well.</p><p><blockquote>Healthcare Triangle是总部位于印度的SecureKloud Technologies的全资子公司。Healthcare Triangle的母公司已经在印度上市，其领导人也负责Healthcare Triangle。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://marketrealist.com/p/healthcare-triangle-ipo-date-and-price/\">marketrealist</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":{"HCTI":"Healthcare Triangle, Inc."},"source_url":"https://marketrealist.com/p/healthcare-triangle-ipo-date-and-price/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114176831","content_text":"A healthcare technology company, Healthcare Triangle, is seeking an IPO to raise $40 million, according to its filed S-1 registration statement. Based in Pleasanton, Calif., Healthcare Triangle has a suite of software offerings for healthcare and pharmaceutical organizations.\nThe company was founded in 2019 and aims to provide businesses with a 360° solution for technology, data, care delivery, and business operation needs. Key services provided by Healthcare Triangleare digital transformation, data lifecycle management, strategy and consulting, healthcare IT managed services, and blockchain infrastructure.\nIn June 2021, Healthcare Triangle launched itsCloudEZ platform, a SaaS offering providing frameworks for healthcare organizations to build self-serve cloud platforms. In July, the company reached Google Cloud Affiliate Partner status for its success working on Google’s cloud infrastructure.\nHealthcare Triangle IPO share price and stock symbol\nIn the IPO for Healthcare Triangle, the company intends to offer 8 million shares of its common stock. The price range targeted for its IPO is$4.50–$5.50 per share. Therefore, at the midpoint of the proposed price range, the firm would have a $210 million fully diluted market value.\nThe Healthcare Triangle IPO is expected to take the company public on the Nasdaq, where the trading stock symbol will be \"HCTI.\" The only listed book runner on the deal is EF Hutton.\nThe customers that the company seeks are generally hospitals and healthcare organizations that need more efficient EHR (electronic health record) systems and services to enhance their IT infrastructure. Healthcare providers, healthcare payers, and life sciences are the company’s target industries.\n\nHealthcare Triangle booked $34 million in sales for the 12 months ended June 30, 2021. The free cash flow during that period was negative $2.9 million.\n\nHealthcare information technology market conditions\nIn 2020, the global healthcare information technology market was an estimated $74.2 billion, according to data from Grand View Research. By 2028, the market value is projected to grow to $167 billion for a CAGR of 10.7 percent.\nTechnological advancement for healthcare is fueling the sector's growth. Some of the improvements include advances in IoT (Internet of Things), AI, and big data in healthcare processes. Grand View Research also noted that the growth of IT services is partly due to a growing geriatric population, higher cost of hospital equipment, and increased demand for home healthcare services.\nHealthcare Triangle faces competition from other companies in the industry including Accenture, Cognizant, ClearDATA, Veeva Systems, and Health Catalyst.\nHealthcare Triangle leadership\nHealthcare Triangle is a fully-owned subsidiary of SecureKloud Technologies, which is based in India. Healthcare Triangle's parent company is already publicly traded in India, and its leaders are in charge of Healthcare Triangle as well.","news_type":1,"symbols_score_info":{"HCTI":0.9}},"isVote":1,"tweetType":1,"viewCount":737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866990569,"gmtCreate":1632718217251,"gmtModify":1632798318929,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Others may&nbsp;benefited. Loof for others too.","listText":"Others may&nbsp;benefited. Loof for others too.","text":"Others may benefited. Loof for others too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866990569","repostId":"1163524833","repostType":4,"repost":{"id":"1163524833","kind":"news","pubTimestamp":1632714280,"share":"https://www.laohu8.com/m/news/1163524833?lang=zh_CN&edition=full","pubTime":"2021-09-27 11:44","market":"us","language":"en","title":"Marathon Digital Stock Benefits From Bitcoin Ties<blockquote>马拉松数字股票受益于比特币关系</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163524833","media":"InvestorPlace","summary":"MARA stock has buyers lurking on dips, but use caution with this crypto-related equity.\n\nThe discuss","content":"<p><div> MARA stock has buyers lurking on dips, but use caution with this crypto-related equity.  The discussion today is about the opportunities that lie inMarathon Digital(NASDAQ:MARA) stock. But since it is...</p><p><blockquote><div>MARA股票有买家在逢低潜伏，但对这种与加密货币相关的股票要谨慎。今天的讨论是关于马拉松数字（纳斯达克：MARA）股票的机会。但既然是...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marathon Digital Stock Benefits From Bitcoin Ties<blockquote>马拉松数字股票受益于比特币关系</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\">\nMarathon Digital Stock Benefits From Bitcoin Ties<blockquote>马拉松数字股票受益于比特币关系</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-09-27 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> MARA stock has buyers lurking on dips, but use caution with this crypto-related equity.  The discussion today is about the opportunities that lie inMarathon Digital(NASDAQ:MARA) stock. But since it is...</p><p><blockquote><div>MARA股票有买家在逢低潜伏，但对这种与加密货币相关的股票要谨慎。今天的讨论是关于马拉松数字（纳斯达克：MARA）股票的机会。但既然是...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings"},"source_url":"https://investorplace.com/2021/09/mara-stock-marathon-digital-tied-to-bitcoin-and-thats-great/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163524833","content_text":"MARA stock has buyers lurking on dips, but use caution with this crypto-related equity.\n\nThe discussion today is about the opportunities that lie inMarathon Digital(NASDAQ:MARA) stock. But since it is a crypto company, we have to discuss that topic first.\nI’ll start with the conclusion first and then back into why MARA.\nCrypto is not a currency nor does it need to be. Gold isn’t, yet investors accept it as an asset class. The bottom line is that they are both investment vehicles. Real or fake,Bitcoin(CCC:BTC-USD) is the king of crypto and is the best performing asset bar none. You don’t have to like it or believe in it do appreciate its profits.\nEvery crypto debate with friends and family always go the same way. It’s like we’re discussing it for the first time every time. Skepticism reigns borderline on utter disgust. Meanwhile, they overlook the value crypto holds.\nYes, it is volatile and that’s human nature. It will take years to gain acceptance, and MARA stock is basically on the ground floor of that opportunity. People need to get over to hump soon, so they can start partake in the opportunity.\nThere Are Early Stages\n\nMarathon Digital is participating in this digital revolution by mining for the asset. It is in its infancy stages, so the discussion today will not include “value” as a selling point. The financial metrics are useless at this stage. The opportunity lies in what management is doing strategically. They are based in the U.S., so there is inherent transparency there.\nWhen a company’s fundamental arguments are weak, I rely more on charts. Earlier this year, Bitcoin suffered a correction that dragged MARA stock with it. I saw an opportunity as it fell into support on charts. AfterI wrote about MARA stock in Mayit rallied 125% and it remains 85% higher.\nThe situation now is different since the bulls are in charge. Even after a 25% September correction, MARA is setting higher-highs and higher-lows. The fans are buying dips and holding an ascending trend. Earlier I compared crypto to gold, so investors should accumulate it over time. Since the company business is to mine for crypto then the strategy should carry to MARA stock.\nIt makes sense for investors to break up entries to the position into pieces. This lessens the odds of making grave mistakes. Going all in, even in “normal” stocks, is not ideal. Doing so in one like this is flat out wrong. Investors should know it’s unrealistic to nail a perfect entry.\nMARA Stock Needs Time\nThe trust in MARA stock can only come from proof over time. Wall Street has already adapted to the idea that crypto investing makes sense. They can’t argue with the capital appreciation that the sector has created. Companies like this one will eventually gain more trust by proxy.\nTechnically, I am confident in the progress that MARA is making. There are technical threats especially if it falls below $32 per share. This could bring a 20% bearish stint from there. The base that it established in May should be solid, therefore buy-able if it happens.\nThere are extrinsic risks, such as from regulatory changes. Countries and states are at odds with the impact that crypto has had. It is global and somewhat free, and its popularity must be unsettling. Surprise headlines could ruin a good thing, so I consider this a speculative investment. Investors should use appropriate size for the opportunity that suits their personal risk tolerance.\nAnother direct threat to MARA stock is the price of crypto. Bitcoin corrected more than 20% in September. If it loses $40,000, it could lose another 15% quickly. This will bring the MARA negative scenario we noted earlier. They should both find footing there.\nI would speculate that our future won’t revolve around cash. I’ve never seen a futuristic science fiction movie that deals with cash. Crypto is a digital asset most likely bringing about the currency digital revolution. Those who hold out too long will be playing catch up.","news_type":1,"symbols_score_info":{"MARA":0.9}},"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866904977,"gmtCreate":1632718003499,"gmtModify":1632798320990,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866904977","repostId":"2170108956","repostType":4,"isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868872542,"gmtCreate":1632633732886,"gmtModify":1632648115644,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/868872542","repostId":"2170865614","repostType":4,"isVote":1,"tweetType":1,"viewCount":688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868871631,"gmtCreate":1632633446223,"gmtModify":1632648166660,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"themes":[],"htmlText":"EV is the future. Looking forward.","listText":"EV is the future. Looking forward.","text":"EV is the future. Looking forward.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/868871631","repostId":"2170614570","repostType":4,"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":886179414,"gmtCreate":1631577731138,"gmtModify":1631888355882,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Portfolio management is the key. Should always&nbsp; review own investment portfolio to any upcoming uncertainty.","listText":"Portfolio management is the key. Should always&nbsp; review own investment portfolio to any upcoming uncertainty.","text":"Portfolio management is the key. Should always review own investment portfolio to any upcoming uncertainty.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/886179414","repostId":"2166303725","repostType":4,"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148189607,"gmtCreate":1625960014009,"gmtModify":1633931426265,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Wish Virgin success for human kind.","listText":"Wish Virgin success for human kind.","text":"Wish Virgin success for human kind.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/148189607","repostId":"1159307278","repostType":4,"repost":{"id":"1159307278","kind":"news","pubTimestamp":1625873648,"share":"https://www.laohu8.com/m/news/1159307278?lang=zh_CN&edition=full","pubTime":"2021-07-10 07:34","market":"us","language":"en","title":"5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159307278","media":"Barrons","summary":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling s","content":"<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the&nbsp;fledgling space tourism industry.</p><p><blockquote>理查德·布兰森计划于周日飞往太空，这对于刚刚起步的太空旅游业来说可能是一个里程碑式的时刻。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of&nbsp;Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误，这次飞行将带着70岁的维珍银河（股票代码：SPCE）创始人、公司任务专家和飞行员进行首次客运太空之旅，击败杰夫·贝索斯的蓝色起源客运航班一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容，以及一些最近的历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞？</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the&nbsp;company’s website&nbsp;and on&nbsp;Barron’s&nbsp;below.</p><p><blockquote>维珍银河Unity 22太空飞行预计将于东部时间上午9点左右从新墨西哥州的维珍航天港发射。此次发布会可以在公司网站和下面的《巴伦周刊》上进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会飞到多高的太空？</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河的VSS Unity航天器将达到约3马赫的速度，即音速的三倍，并上升到约30万英尺，即57英里。这大约是许多商业飞行的10倍，但仍然被认为是太空的边缘。亚轨道飞行不会通过所谓的卡门线，这是科学家用来定义外太空边界的。那条线大约在62英里处。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划让乘客在航班上经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱？</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游向前迈出的又一步，但预计的机组人员是银河员工和布兰森。加入公司创始人的将是两名飞行员；贝丝·摩西，首席宇航员教练；Colin Bennett，首席运营工程师；以及政府事务和研究运营副总裁Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes&nbsp;it’s possible&nbsp;that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此，布兰森对宣传并不陌生。Canaccord分析师肯·赫伯特(Ken Herbert)认为，银河有可能通过布兰森带来付费客户来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for&nbsp;$28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将在本月晚些时候乘坐他的航班将第一位付费乘客送往太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run&nbsp;about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>外逃对投资者意味着什么？</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使Galactic离完全商业化又近了一步，这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面投入使用，每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时，每艘宇宙飞船每年的费用约为5400万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计，银河2021年的销售额约为300万美元，2022年将增长至5100万美元，到2025年将增长至5.55亿美元。盈利和现金流预计将在2024年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>该航班和相关新闻报道也代表了公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益？</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说显然是积极的，但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经反映在维珍银河的股票中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约120%，过去12个月上涨超过200%，使这家初创公司的市值约为110亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功飞行后周一没有上涨，投资者不应该感到失望。公司的最终价值将在未来决定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for&nbsp;S&amp;P 500&nbsp;stocks is about 55%.</p><p><blockquote>分析师喜欢该股便宜的时候。早在9月份，所有研究银河股票的分析师都给予买入评级。标准普尔500指数股票的平均买入评级约为55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9月份股价为25美元。现在，由于该股已飙升至每股50美元以上，只有30%的分析师将该股评级为买入。</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>5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-10 07:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the&nbsp;fledgling space tourism industry.</p><p><blockquote>理查德·布兰森计划于周日飞往太空，这对于刚刚起步的太空旅游业来说可能是一个里程碑式的时刻。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of&nbsp;Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误，这次飞行将带着70岁的维珍银河（股票代码：SPCE）创始人、公司任务专家和飞行员进行首次客运太空之旅，击败杰夫·贝索斯的蓝色起源客运航班一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容，以及一些最近的历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞？</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the&nbsp;company’s website&nbsp;and on&nbsp;Barron’s&nbsp;below.</p><p><blockquote>维珍银河Unity 22太空飞行预计将于东部时间上午9点左右从新墨西哥州的维珍航天港发射。此次发布会可以在公司网站和下面的《巴伦周刊》上进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会飞到多高的太空？</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河的VSS Unity航天器将达到约3马赫的速度，即音速的三倍，并上升到约30万英尺，即57英里。这大约是许多商业飞行的10倍，但仍然被认为是太空的边缘。亚轨道飞行不会通过所谓的卡门线，这是科学家用来定义外太空边界的。那条线大约在62英里处。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划让乘客在航班上经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱？</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游向前迈出的又一步，但预计的机组人员是银河员工和布兰森。加入公司创始人的将是两名飞行员；贝丝·摩西，首席宇航员教练；Colin Bennett，首席运营工程师；以及政府事务和研究运营副总裁Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes&nbsp;it’s possible&nbsp;that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此，布兰森对宣传并不陌生。Canaccord分析师肯·赫伯特(Ken Herbert)认为，银河有可能通过布兰森带来付费客户来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for&nbsp;$28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将在本月晚些时候乘坐他的航班将第一位付费乘客送往太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run&nbsp;about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>外逃对投资者意味着什么？</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使Galactic离完全商业化又近了一步，这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面投入使用，每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时，每艘宇宙飞船每年的费用约为5400万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计，银河2021年的销售额约为300万美元，2022年将增长至5100万美元，到2025年将增长至5.55亿美元。盈利和现金流预计将在2024年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>该航班和相关新闻报道也代表了公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益？</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说显然是积极的，但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经反映在维珍银河的股票中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约120%，过去12个月上涨超过200%，使这家初创公司的市值约为110亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功飞行后周一没有上涨，投资者不应该感到失望。公司的最终价值将在未来决定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for&nbsp;S&amp;P 500&nbsp;stocks is about 55%.</p><p><blockquote>分析师喜欢该股便宜的时候。早在9月份，所有研究银河股票的分析师都给予买入评级。标准普尔500指数股票的平均买入评级约为55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9月份股价为25美元。现在，由于该股已飙升至每股50美元以上，只有30%的分析师将该股评级为买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4\">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":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159307278","content_text":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.\nSo long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.\nHere’s what to watch for Sunday, along with some recent history.\nWhen Will the Virgin Galactic Space Flight Take Off?\nThe Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.\nHow High Up in Space Will Passenger Go?\nGalactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.\nBlue Origin plans to take its passengers past the Karman line on its flight.\nHow Much Did Passengers Pay for the Trip?\nNothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.\nStill, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.\nA move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.\nA ticket on a future Virgin Galactic flight will run about $250,000.\nWhat Does the Flight Mean for Investors?\nThe continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.\nOnce fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.\nAnalysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.\nThe flight and associated news coverage also represent publicity for the company.\nHow Will Virgin Galactic Stock Benefit?\nA successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.\n\nThe stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.\nInvestors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.\nAnalysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.\nShares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121779285,"gmtCreate":1624494017647,"gmtModify":1634005390777,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Everyone know buy on weakness. When? Now or then? Believer is now..","listText":"Everyone know buy on weakness. When? Now or then? Believer is now..","text":"Everyone know buy on weakness. When? Now or then? Believer is now..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/121779285","repostId":"1104807513","repostType":2,"isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176403125,"gmtCreate":1626910635467,"gmtModify":1633769922990,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"EV is future.&nbsp;","listText":"EV is future.&nbsp;","text":"EV is future.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/176403125","repostId":"2153401126","repostType":4,"isVote":1,"tweetType":1,"viewCount":698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145856912,"gmtCreate":1626218764036,"gmtModify":1633929028532,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Good day , Bad day still a day.&nbsp;","listText":"Good day , Bad day still a day.&nbsp;","text":"Good day , Bad day still a day.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/145856912","repostId":"2151560584","repostType":4,"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152704065,"gmtCreate":1625353016757,"gmtModify":1633941412865,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Stills&nbsp; struggling","listText":"Stills&nbsp; struggling","text":"Stills struggling","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/152704065","repostId":"1146176335","repostType":4,"repost":{"id":"1146176335","kind":"news","pubTimestamp":1625277627,"share":"https://www.laohu8.com/m/news/1146176335?lang=zh_CN&edition=full","pubTime":"2021-07-03 10:00","market":"us","language":"en","title":"Can Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146176335","media":"The Street","summary":"Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?Alibaba  -Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.Howeve","content":"<p>  Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?  Alibaba&nbsp;(<b>BABA</b>) -Get Report&nbsp;has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.</p><p><blockquote>与大型股和超大型股同行相比，阿里巴巴-SW一直严重落后。这种情况会在2021年下半年改变吗？阿里巴巴-SW(<b>巴巴</b>）-今年到目前为止，Get报告一直是一只狗。该股在2020年第四季度一直交易良好，但随后一系列问题重创了该股。</blockquote></p><p> Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.</p><p><blockquote>监管机构扰乱了蚂蚁金服的首次公开募股，然后深入调查了阿里巴巴-SW并加大了力度。</blockquote></p><p> Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.</p><p><blockquote>投资者不喜欢监管问题，尤其是当我们与中国监管机构打交道时。</blockquote></p><p> However, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.</p><p><blockquote>然而，四月份，阿里巴巴-SW支付了低于预期但仍创历史新高的罚款，希望将监管问题抛在脑后。尽管如此，该股的反应并没有像多头希望的那样。</blockquote></p><p> All of this comes as the S&amp;P 500 and Nasdaq continue to grind outnew all-time highs.</p><p><blockquote>所有这一切都发生在标普500和纳斯达克继续超越历史新高之际。</blockquote></p><p> It also comes as FAANG stocks continue to trade incredibly well. Alphabet&nbsp;(<b>GOOGL</b>) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix&nbsp;(<b>NFLX</b>) -Get Report&nbsp;is the worst, with a 2.3% drop.</p><p><blockquote>与此同时，FAANG股票的交易继续非常好。Alphabet(<b>GOOGL</b>)-Get Reportis是表现最好的公司，上半年涨幅接近40%，而Netflix(<b>NFLX</b>）-Get报告最差，下降了2.3%。</blockquote></p><p> Alibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.</p><p><blockquote>阿里巴巴-SW上半年表现类似，下跌2.6%。然而，它的表现比高点差得多，下跌了30%以上。</blockquote></p><p> Can it turn around its woes in the second half and start rallying higher?</p><p><blockquote>它能否在下半年扭转困境并开始反弹？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9975f383919ff8cfc34fca49a32d8e8f\" tg-width=\"700\" tg-height=\"494\"></p><p><blockquote></blockquote></p><p> Call me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.</p><p><blockquote>看涨期权我是一个无可救药的乐观主义者，但我觉得阿里巴巴-SW下半场可以有稳定的表现。</blockquote></p><p> The overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon&nbsp;(<b>AMZN</b>) -Get Report.Eventually, it will perform better&nbsp;- it’s a question of “when” and not “if.”</p><p><blockquote>整体市场表现太好了，大型科技股也是如此。业务基本面完好，增长强劲。就像亚马逊（<b>AMZN</b>)-获取报告。最终，它会表现得更好——这是一个“何时”而不是“如果”的问题。</blockquote></p><p> Shares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.</p><p><blockquote>股价继续守住210美元至212美元区域，最近已清除下行阻力（蓝线）。也就是说，还有很多障碍。</blockquote></p><p> Specifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.</p><p><blockquote>具体来说，阿里巴巴-SW股票在21周移动平均线以及21个月和10个月移动平均线上苦苦挣扎。</blockquote></p><p> Let’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.</p><p><blockquote>让我们明确一点：这里没有很多看涨的技术成分。如果阿里巴巴-SW股票能够在本周下跌时守住10周移动平均线，我会感觉更好。</blockquote></p><p> However, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.</p><p><blockquote>然而，只要它能够保持在210美元水平和200周移动平均线以上，我对阿里巴巴-SW进入未来六个月感到满意。</blockquote></p><p> A push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.</p><p><blockquote>突破235美元——从而突破上述所有移动平均线障碍——可能会上涨至250美元，然后是263美元。275美元以上和300美元正在发挥作用。</blockquote></p><p> Keep the risk in mind but this could be a solid second-half rebound play.</p><p><blockquote>请记住风险，但这可能是一场稳固的下半场反弹。</blockquote></p><p></p>","source":"lsy1610613172068","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>Can Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</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\">\nCan Alibaba Turn Around Its Woes in the Second Half of 2021?<blockquote>阿里巴巴-SW能否在2021年下半年扭转颓势？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-03 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?  Alibaba&nbsp;(<b>BABA</b>) -Get Report&nbsp;has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.</p><p><blockquote>与大型股和超大型股同行相比，阿里巴巴-SW一直严重落后。这种情况会在2021年下半年改变吗？阿里巴巴-SW(<b>巴巴</b>）-今年到目前为止，Get报告一直是一只狗。该股在2020年第四季度一直交易良好，但随后一系列问题重创了该股。</blockquote></p><p> Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.</p><p><blockquote>监管机构扰乱了蚂蚁金服的首次公开募股，然后深入调查了阿里巴巴-SW并加大了力度。</blockquote></p><p> Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.</p><p><blockquote>投资者不喜欢监管问题，尤其是当我们与中国监管机构打交道时。</blockquote></p><p> However, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.</p><p><blockquote>然而，四月份，阿里巴巴-SW支付了低于预期但仍创历史新高的罚款，希望将监管问题抛在脑后。尽管如此，该股的反应并没有像多头希望的那样。</blockquote></p><p> All of this comes as the S&amp;P 500 and Nasdaq continue to grind outnew all-time highs.</p><p><blockquote>所有这一切都发生在标普500和纳斯达克继续超越历史新高之际。</blockquote></p><p> It also comes as FAANG stocks continue to trade incredibly well. Alphabet&nbsp;(<b>GOOGL</b>) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix&nbsp;(<b>NFLX</b>) -Get Report&nbsp;is the worst, with a 2.3% drop.</p><p><blockquote>与此同时，FAANG股票的交易继续非常好。Alphabet(<b>GOOGL</b>)-Get Reportis是表现最好的公司，上半年涨幅接近40%，而Netflix(<b>NFLX</b>）-Get报告最差，下降了2.3%。</blockquote></p><p> Alibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.</p><p><blockquote>阿里巴巴-SW上半年表现类似，下跌2.6%。然而，它的表现比高点差得多，下跌了30%以上。</blockquote></p><p> Can it turn around its woes in the second half and start rallying higher?</p><p><blockquote>它能否在下半年扭转困境并开始反弹？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9975f383919ff8cfc34fca49a32d8e8f\" tg-width=\"700\" tg-height=\"494\"></p><p><blockquote></blockquote></p><p> Call me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.</p><p><blockquote>看涨期权我是一个无可救药的乐观主义者，但我觉得阿里巴巴-SW下半场可以有稳定的表现。</blockquote></p><p> The overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon&nbsp;(<b>AMZN</b>) -Get Report.Eventually, it will perform better&nbsp;- it’s a question of “when” and not “if.”</p><p><blockquote>整体市场表现太好了，大型科技股也是如此。业务基本面完好，增长强劲。就像亚马逊（<b>AMZN</b>)-获取报告。最终，它会表现得更好——这是一个“何时”而不是“如果”的问题。</blockquote></p><p> Shares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.</p><p><blockquote>股价继续守住210美元至212美元区域，最近已清除下行阻力（蓝线）。也就是说，还有很多障碍。</blockquote></p><p> Specifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.</p><p><blockquote>具体来说，阿里巴巴-SW股票在21周移动平均线以及21个月和10个月移动平均线上苦苦挣扎。</blockquote></p><p> Let’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.</p><p><blockquote>让我们明确一点：这里没有很多看涨的技术成分。如果阿里巴巴-SW股票能够在本周下跌时守住10周移动平均线，我会感觉更好。</blockquote></p><p> However, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.</p><p><blockquote>然而，只要它能够保持在210美元水平和200周移动平均线以上，我对阿里巴巴-SW进入未来六个月感到满意。</blockquote></p><p> A push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.</p><p><blockquote>突破235美元——从而突破上述所有移动平均线障碍——可能会上涨至250美元，然后是263美元。275美元以上和300美元正在发挥作用。</blockquote></p><p> Keep the risk in mind but this could be a solid second-half rebound play.</p><p><blockquote>请记住风险，但这可能是一场稳固的下半场反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/alibaba-baba-stock-second-half-2021-trading?puc=yahoo&cm_ven=YAHOO\">The Street</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":{"09618":"京东集团-SW","BABA":"阿里巴巴"},"source_url":"https://www.thestreet.com/investing/alibaba-baba-stock-second-half-2021-trading?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146176335","content_text":"Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?\n\nAlibaba (BABA) -Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.\nRegulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.\nInvestors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.\nHowever, in April, Alibaba paid a smaller-than-expectedbut still record fine, hoping to puts its regulatory issues behind it. Still, the stock hasn’t responded the way bulls were hoping.\nAll of this comes as the S&P 500 and Nasdaq continue to grind outnew all-time highs.\nIt also comes as FAANG stocks continue to trade incredibly well. Alphabet (GOOGL) -Get Reportis the top performerwith a near-40% gain in the first half of the year, while Netflix (NFLX) -Get Report is the worst, with a 2.3% drop.\nAlibaba has a similar first-half performance, down 2.6%. However, it’s doing far worse from the highs, down more than 30%.\nCan it turn around its woes in the second half and start rallying higher?\n\nCall me a hopeless optimist, but I feel that Alibaba can have a solid second-half performance.\nThe overall market has done too well and so has large-cap tech. The fundamentals of the business are intact and growth is strong. It’s like Amazon (AMZN) -Get Report.Eventually, it will perform better - it’s a question of “when” and not “if.”\nShares continue to hold the $210 to $212 area and have recently cleared downtrend resistance (blue line). That said, there’s plenty of overhead hurdles.\nSpecifically, Alibaba stock is struggling with the 21-week moving average, as well as the 21-month and 10-month moving averages.\nLet’s be clear: There are not a lot of bullish technical components here. If Alibaba stock could hold the 10-week moving average on this week’s dip, I’d feel better about it.\nHowever, as long as it can hold up over the $210 level and really, the 200-week moving average, I feel okay about Alibaba going into the next six months.\nA push over $235 - thus putting it over all of the moving average hurdles mentioned above - could open up a run to $250, then $263. Above $275 and $300 is in play.\nKeep the risk in mind but this could be a solid second-half rebound play.","news_type":1,"symbols_score_info":{"BABA":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884783803,"gmtCreate":1631933779202,"gmtModify":1632805236923,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Looking forward next week. 📈📈📈","listText":"Looking forward next week. 📈📈📈","text":"Looking forward next week. 📈📈📈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/884783803","repostId":"2168716185","repostType":4,"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883023086,"gmtCreate":1631191068845,"gmtModify":1631891114013,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883023086","repostId":"1178868825","repostType":4,"repost":{"id":"1178868825","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631189052,"share":"https://www.laohu8.com/m/news/1178868825?lang=zh_CN&edition=full","pubTime":"2021-09-09 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178868825","media":"Tiger Newspress","summary":"U.S. stock futures fall ahead of jobless claims.\nChina’s tech stocks slid after firms including Tenc","content":"<p><ul>  <li>U.S. stock futures fall ahead of jobless claims.</li>  <li>China’s tech stocks slid after&nbsp;<b>firms including Tencent and NetEase</b>&nbsp;<b>were</b>&nbsp;<b>told&nbsp; to end their focus on profit in gaming.</b></li>  <li>GameStop sinks on lack of guidance; Lululemon soars on strong outlook.</li>  <li>Ukraine to become latest country to legalize bitcoin as it goes global</li> </ul> (Sept 9)&nbsp;Futures were pinned in the red on Thursday, pointing to a lower open for Wall Street's regular session, with investors struggling to reconcile a still hot jobs market with an economy that's seen its momentum dented by soaring COVID-19 infections.</p><p><blockquote><ul><li>美国股指期货在初请失业金人数之前下跌。</li><li>中国科技股随后下跌<b>腾讯控股和网易等公司</b> <b>是</b> <b>被告知结束对游戏利润的关注。</b></li><li>游戏驿站因缺乏指导而沉没；Lululemon因强劲的前景而飙升。</li><li>乌克兰将成为最新一个比特币走向全球合法化的国家</li></ul>（9月9日）期货周四收跌，表明华尔街常规交易开盘走低，投资者努力调和仍然火热的就业市场与因新冠肺炎感染飙升而势头减弱的经济。</blockquote></p><p> At 8:07 a.m. ET, Dow E-minis were down 4 points, or 0.01%, S&amp;P 500 E-minis fell 2.25 points, or 0.05% and Nasdaq 100 E-minis dipped 3.25 points, or 0.02%.</p><p><blockquote>美国东部时间上午8:07，道指E-minis下跌4点，跌幅0.01%，标普500 E-minis下跌2.25点，跌幅0.05%，纳斯达克100 E-minis下跌3.25点，跌幅0.02%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13ef085786e7e3e80d4e763e0f6a298e\" tg-width=\"1231\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Heavyweight technology stocks including Apple, Microsoft, Alphabet, Netflix and Amazon.com Inc all fell about 0.3% each in premarket trading.&nbsp; In U.S. premarket trading, China’s tech stocks slid after&nbsp;<b>firms including Tencent and NetEase</b>&nbsp;<b>were</b>&nbsp;<b>told&nbsp; to end their focus on profit in gaming.</b>&nbsp;The selloff extended to the&nbsp;U.S. premarket hours&nbsp;when NetEase and Alibaba tumbled, underscoring the market’s continued vulnerability to policy risks. NetEase (NTES) slips 6.4% and Bilibili (BILI) falls 6.9%, while the likes of Alibaba (BABA), Pinduoduo (PDD) and Baidu (BIDU) also dropped as did Roblox, Activision Blizzard, Electronic Art and Take-Two, all down between 0.3% and 1.6%. Digital Realty, which manages technology-related properties, declined 3.6% after entering into forward sale agreements with banks for 6.25 million shares at $160.50 each.</p><p><blockquote>苹果、微软、Alphabet、Netflix和亚马逊等重量级科技股在盘前交易中均下跌约0.3%。在美国盘前交易中，中国科技股下跌<b>腾讯控股和网易等公司</b> <b>是</b> <b>被告知结束对游戏利润的关注。</b>抛售蔓延到美国。网易和阿里巴巴-SW在盘前时段暴跌，突显出市场仍然容易受到政策风险的影响。网易(NTES)下跌6.4%，哔哩哔哩(BILI)下跌6.9%，阿里巴巴-SW(BABA)、拼多多(PDD)和百度(BIDU)等公司也下跌，Roblox、动视暴雪、艺电和Take-Two跌幅均在0.3%至1.6%之间。管理科技相关物业的Digital Realty在与银行签订625万股远期销售协议后，股价下跌3.6%，每股价格为160.50美元。</blockquote></p><p> Lululemon surged 14% as analysts increased their price targets on the stock after the athletic clothing retailer boosted its outlook for the year and reported 2Q sales that outpaced expectations. The company continues to benefit from the trend toward casual and athleisure fashion, according to Jefferies. Peer Nike (NKE) rises 1.6%.</p><p><blockquote>Lululemon股价飙升14%，此前这家运动服装零售商上调了今年的前景并公布第二季度销售额超出预期，分析师上调了该股的目标价。杰富瑞表示，该公司继续受益于休闲和运动休闲时尚的趋势。同行耐克(NKE)上涨1.6%。</blockquote></p><p> <b>Here are some other notable movers this morning:</b></p><p><blockquote><b>以下是今天早上其他一些值得注意的举措：</b></blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/CRDF\">Cardiff Oncology, Inc.</a> </b>soars 16% after the company said Wednesday that data from a colorectal cancer drug trial showed “robust objective response rate and progression free survival.”</li>  <li><b><a href=\"https://laohu8.com/S/GME\">GameStop</a> </b>declines 6.8% after reporting a second-quarter loss that was wider than Wall Street projections. It also held a very brief earnings call in which it said it wouldn’t provide guidance. Its peer among the day trader crowd, AMC Entertainment (AMC) also slips 2.7%.</li>  <li><b><a href=\"https://laohu8.com/S/HGEN\">Humanigen, Inc.</a></b> shares tumble 53% after the U.S. FDA declined its request for emergency use authorization of lenzilumab to treat newly-hospitalized Covid-19 patients.</li> </ul> <b>In Fx, </b>the dollar slipped after a three-day gain, the JPY and GBP topped the G-10 leaderboard, while EUR holds within Wednesday’s range ahead of today’s ECB meeting. The Bloomberg Dollar Spot Index inched lower and the greenback fell against most of its Group-of-10 peers even as many currencies traded in tight ranges; the Treasury curve bull- flattened modestly. The yen was the top performer among G-10 peers amid haven demand. The euro came off yesterday’s one-week low while Bunds and Italian bonds were little changed before the ECB’s meeting; the pound advanced to a day-high in the European session.</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/CRDF\">卡迪夫肿瘤公司。</a></b>该公司周三表示，结直肠癌药物试验数据显示“强劲的客观缓解率和无进展生存率”，股价飙升16%。</li><li><b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a></b>第二季度亏损超出华尔街预期，股价下跌6.8%。该公司还举行了一次非常简短的收益看涨期权，其中表示不会提供指导。日内交易者中的同行AMC院线(AMC)也下跌2.7%。</li><li><b><a href=\"https://laohu8.com/S/HGEN\">Humanigen公司。</a></b>美国FDA拒绝了lenzilumab治疗新住院的Covid-19患者的紧急使用授权请求后，股价暴跌53%。</li></ul><b>在Fx中，</b>美元在连续三天上涨后下跌，日元和英镑在G-10排行榜上名列前茅，而欧元在今天的欧洲央行会议之前保持在周三的区间内。彭博美元现货指数小幅走低，美元兑大多数10国集团货币下跌，尽管许多货币窄幅波动；国债曲线小幅走平。由于避险需求，日元在10国集团同行中表现最好。欧元脱离昨日的一周低点，而德国国债和意大利债券在欧洲央行会议前几乎没有变化；英镑在欧洲时段升至日内高点。</blockquote></p><p> <b>In rates,</b> Treasuries held small gains from intermediate sector to long-end of the curve with S&amp;P 500 following declines in FTSE 100 and Euro Stoxx 50. Yields richer by ~1bp across long-end of the curve, flattening 2s10s, 5s30s spreads slightly; 10-year yields around 1.33%, outperforming gilts by almost 3bp. Curve and outright concession have faded ahead of 30-year bond reopening during U.S. afternoon, focal point of U.S. session after ECB policy decision at 7:45am ET.&nbsp; The weekly US auction cycle concludes with $24b 30-year bond sale at 1pm ET; 3- and 10-year auctions drew strong demand. WI 30-year yield at 1.947% is below auction stops since February and ~9bp richer than last month’s, which tailed the WI by 1bp. Peripheral spreads tighten a touch. Gilts bear flatten with the short end cheaper by ~2bps</p><p><blockquote><b>在费率方面，</b>在富时100指数和欧洲斯托克50指数下跌后，标普500国债从中间板块到曲线长端小幅上涨。曲线长端的收益率增加了约1bp，略微拉平了2s10s、5s30s的利差；10年期国债收益率约为1.33%，比英国国债高出近3个基点。在美国下午30年期债券重新开放之前，曲线和彻底的让步已经消退，这是欧洲央行于美国东部时间上午7:45做出政策决定后美国市场的焦点。美国每周拍卖周期以美国东部时间下午1点出售240亿美元30年期债券结束；3年期和10年期拍卖吸引了强劲需求。WI 30年期国债收益率为1.947%，低于2月份以来的拍卖止损点，比上个月高出约9个基点，上个月比WI高出1个基点。外围价差收紧一点。英国国债熊市走平，短端价格下跌约2个基点</blockquote></p><p> <b>In commodities, </b>crude futures were little changed, maintaining Asia’s narrow range. WTI drifts just above $69, Brent near $72.60. Spot gold puts in a ~$5 move to the upside to trade near $1,794/oz. Base metals are well bid with LME nickel and tin outperforming. LME copper reverses Wednesday’s drop, adding 1.4%. Bitcoin fluctuated between gains and losses, trading around $46,000.</p><p><blockquote><b>在大宗商品中，</b>原油期货变化不大，维持亚洲窄幅震荡。WTI原油略高于69美元，布伦特原油接近72.60美元。现货黄金上涨约5美元，交易价格接近1794美元/盎司。基本金属报价良好，LME镍和锡表现出色。LME期铜扭转周三跌势，上涨1.4%。比特币在涨跌之间波动，交易价格在46,000美元左右。</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>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</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\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-09 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>U.S. stock futures fall ahead of jobless claims.</li>  <li>China’s tech stocks slid after&nbsp;<b>firms including Tencent and NetEase</b>&nbsp;<b>were</b>&nbsp;<b>told&nbsp; to end their focus on profit in gaming.</b></li>  <li>GameStop sinks on lack of guidance; Lululemon soars on strong outlook.</li>  <li>Ukraine to become latest country to legalize bitcoin as it goes global</li> </ul> (Sept 9)&nbsp;Futures were pinned in the red on Thursday, pointing to a lower open for Wall Street's regular session, with investors struggling to reconcile a still hot jobs market with an economy that's seen its momentum dented by soaring COVID-19 infections.</p><p><blockquote><ul><li>美国股指期货在初请失业金人数之前下跌。</li><li>中国科技股随后下跌<b>腾讯控股和网易等公司</b> <b>是</b> <b>被告知结束对游戏利润的关注。</b></li><li>游戏驿站因缺乏指导而沉没；Lululemon因强劲的前景而飙升。</li><li>乌克兰将成为最新一个比特币走向全球合法化的国家</li></ul>（9月9日）期货周四收跌，表明华尔街常规交易开盘走低，投资者努力调和仍然火热的就业市场与因新冠肺炎感染飙升而势头减弱的经济。</blockquote></p><p> At 8:07 a.m. ET, Dow E-minis were down 4 points, or 0.01%, S&amp;P 500 E-minis fell 2.25 points, or 0.05% and Nasdaq 100 E-minis dipped 3.25 points, or 0.02%.</p><p><blockquote>美国东部时间上午8:07，道指E-minis下跌4点，跌幅0.01%，标普500 E-minis下跌2.25点，跌幅0.05%，纳斯达克100 E-minis下跌3.25点，跌幅0.02%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13ef085786e7e3e80d4e763e0f6a298e\" tg-width=\"1231\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Heavyweight technology stocks including Apple, Microsoft, Alphabet, Netflix and Amazon.com Inc all fell about 0.3% each in premarket trading.&nbsp; In U.S. premarket trading, China’s tech stocks slid after&nbsp;<b>firms including Tencent and NetEase</b>&nbsp;<b>were</b>&nbsp;<b>told&nbsp; to end their focus on profit in gaming.</b>&nbsp;The selloff extended to the&nbsp;U.S. premarket hours&nbsp;when NetEase and Alibaba tumbled, underscoring the market’s continued vulnerability to policy risks. NetEase (NTES) slips 6.4% and Bilibili (BILI) falls 6.9%, while the likes of Alibaba (BABA), Pinduoduo (PDD) and Baidu (BIDU) also dropped as did Roblox, Activision Blizzard, Electronic Art and Take-Two, all down between 0.3% and 1.6%. Digital Realty, which manages technology-related properties, declined 3.6% after entering into forward sale agreements with banks for 6.25 million shares at $160.50 each.</p><p><blockquote>苹果、微软、Alphabet、Netflix和亚马逊等重量级科技股在盘前交易中均下跌约0.3%。在美国盘前交易中，中国科技股下跌<b>腾讯控股和网易等公司</b> <b>是</b> <b>被告知结束对游戏利润的关注。</b>抛售蔓延到美国。网易和阿里巴巴-SW在盘前时段暴跌，突显出市场仍然容易受到政策风险的影响。网易(NTES)下跌6.4%，哔哩哔哩(BILI)下跌6.9%，阿里巴巴-SW(BABA)、拼多多(PDD)和百度(BIDU)等公司也下跌，Roblox、动视暴雪、艺电和Take-Two跌幅均在0.3%至1.6%之间。管理科技相关物业的Digital Realty在与银行签订625万股远期销售协议后，股价下跌3.6%，每股价格为160.50美元。</blockquote></p><p> Lululemon surged 14% as analysts increased their price targets on the stock after the athletic clothing retailer boosted its outlook for the year and reported 2Q sales that outpaced expectations. The company continues to benefit from the trend toward casual and athleisure fashion, according to Jefferies. Peer Nike (NKE) rises 1.6%.</p><p><blockquote>Lululemon股价飙升14%，此前这家运动服装零售商上调了今年的前景并公布第二季度销售额超出预期，分析师上调了该股的目标价。杰富瑞表示，该公司继续受益于休闲和运动休闲时尚的趋势。同行耐克(NKE)上涨1.6%。</blockquote></p><p> <b>Here are some other notable movers this morning:</b></p><p><blockquote><b>以下是今天早上其他一些值得注意的举措：</b></blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/CRDF\">Cardiff Oncology, Inc.</a> </b>soars 16% after the company said Wednesday that data from a colorectal cancer drug trial showed “robust objective response rate and progression free survival.”</li>  <li><b><a href=\"https://laohu8.com/S/GME\">GameStop</a> </b>declines 6.8% after reporting a second-quarter loss that was wider than Wall Street projections. It also held a very brief earnings call in which it said it wouldn’t provide guidance. Its peer among the day trader crowd, AMC Entertainment (AMC) also slips 2.7%.</li>  <li><b><a href=\"https://laohu8.com/S/HGEN\">Humanigen, Inc.</a></b> shares tumble 53% after the U.S. FDA declined its request for emergency use authorization of lenzilumab to treat newly-hospitalized Covid-19 patients.</li> </ul> <b>In Fx, </b>the dollar slipped after a three-day gain, the JPY and GBP topped the G-10 leaderboard, while EUR holds within Wednesday’s range ahead of today’s ECB meeting. The Bloomberg Dollar Spot Index inched lower and the greenback fell against most of its Group-of-10 peers even as many currencies traded in tight ranges; the Treasury curve bull- flattened modestly. The yen was the top performer among G-10 peers amid haven demand. The euro came off yesterday’s one-week low while Bunds and Italian bonds were little changed before the ECB’s meeting; the pound advanced to a day-high in the European session.</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/CRDF\">卡迪夫肿瘤公司。</a></b>该公司周三表示，结直肠癌药物试验数据显示“强劲的客观缓解率和无进展生存率”，股价飙升16%。</li><li><b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a></b>第二季度亏损超出华尔街预期，股价下跌6.8%。该公司还举行了一次非常简短的收益看涨期权，其中表示不会提供指导。日内交易者中的同行AMC院线(AMC)也下跌2.7%。</li><li><b><a href=\"https://laohu8.com/S/HGEN\">Humanigen公司。</a></b>美国FDA拒绝了lenzilumab治疗新住院的Covid-19患者的紧急使用授权请求后，股价暴跌53%。</li></ul><b>在Fx中，</b>美元在连续三天上涨后下跌，日元和英镑在G-10排行榜上名列前茅，而欧元在今天的欧洲央行会议之前保持在周三的区间内。彭博美元现货指数小幅走低，美元兑大多数10国集团货币下跌，尽管许多货币窄幅波动；国债曲线小幅走平。由于避险需求，日元在10国集团同行中表现最好。欧元脱离昨日的一周低点，而德国国债和意大利债券在欧洲央行会议前几乎没有变化；英镑在欧洲时段升至日内高点。</blockquote></p><p> <b>In rates,</b> Treasuries held small gains from intermediate sector to long-end of the curve with S&amp;P 500 following declines in FTSE 100 and Euro Stoxx 50. Yields richer by ~1bp across long-end of the curve, flattening 2s10s, 5s30s spreads slightly; 10-year yields around 1.33%, outperforming gilts by almost 3bp. Curve and outright concession have faded ahead of 30-year bond reopening during U.S. afternoon, focal point of U.S. session after ECB policy decision at 7:45am ET.&nbsp; The weekly US auction cycle concludes with $24b 30-year bond sale at 1pm ET; 3- and 10-year auctions drew strong demand. WI 30-year yield at 1.947% is below auction stops since February and ~9bp richer than last month’s, which tailed the WI by 1bp. Peripheral spreads tighten a touch. Gilts bear flatten with the short end cheaper by ~2bps</p><p><blockquote><b>在费率方面，</b>在富时100指数和欧洲斯托克50指数下跌后，标普500国债从中间板块到曲线长端小幅上涨。曲线长端的收益率增加了约1bp，略微拉平了2s10s、5s30s的利差；10年期国债收益率约为1.33%，比英国国债高出近3个基点。在美国下午30年期债券重新开放之前，曲线和彻底的让步已经消退，这是欧洲央行于美国东部时间上午7:45做出政策决定后美国市场的焦点。美国每周拍卖周期以美国东部时间下午1点出售240亿美元30年期债券结束；3年期和10年期拍卖吸引了强劲需求。WI 30年期国债收益率为1.947%，低于2月份以来的拍卖止损点，比上个月高出约9个基点，上个月比WI高出1个基点。外围价差收紧一点。英国国债熊市走平，短端价格下跌约2个基点</blockquote></p><p> <b>In commodities, </b>crude futures were little changed, maintaining Asia’s narrow range. WTI drifts just above $69, Brent near $72.60. Spot gold puts in a ~$5 move to the upside to trade near $1,794/oz. Base metals are well bid with LME nickel and tin outperforming. LME copper reverses Wednesday’s drop, adding 1.4%. Bitcoin fluctuated between gains and losses, trading around $46,000.</p><p><blockquote><b>在大宗商品中，</b>原油期货变化不大，维持亚洲窄幅震荡。WTI原油略高于69美元，布伦特原油接近72.60美元。现货黄金上涨约5美元，交易价格接近1794美元/盎司。基本金属报价良好，LME镍和锡表现出色。LME期铜扭转周三跌势，上涨1.4%。比特币在涨跌之间波动，交易价格在46,000美元左右。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178868825","content_text":"U.S. stock futures fall ahead of jobless claims.\nChina’s tech stocks slid after firms including Tencent and NetEase were told  to end their focus on profit in gaming.\nGameStop sinks on lack of guidance; Lululemon soars on strong outlook.\nUkraine to become latest country to legalize bitcoin as it goes global\n\n(Sept 9) Futures were pinned in the red on Thursday, pointing to a lower open for Wall Street's regular session, with investors struggling to reconcile a still hot jobs market with an economy that's seen its momentum dented by soaring COVID-19 infections.\nAt 8:07 a.m. ET, Dow E-minis were down 4 points, or 0.01%, S&P 500 E-minis fell 2.25 points, or 0.05% and Nasdaq 100 E-minis dipped 3.25 points, or 0.02%.\n\nHeavyweight technology stocks including Apple, Microsoft, Alphabet, Netflix and Amazon.com Inc all fell about 0.3% each in premarket trading.  In U.S. premarket trading, China’s tech stocks slid after firms including Tencent and NetEase were told  to end their focus on profit in gaming. The selloff extended to the U.S. premarket hours when NetEase and Alibaba tumbled, underscoring the market’s continued vulnerability to policy risks. NetEase (NTES) slips 6.4% and Bilibili (BILI) falls 6.9%, while the likes of Alibaba (BABA), Pinduoduo (PDD) and Baidu (BIDU) also dropped as did Roblox, Activision Blizzard, Electronic Art and Take-Two, all down between 0.3% and 1.6%. Digital Realty, which manages technology-related properties, declined 3.6% after entering into forward sale agreements with banks for 6.25 million shares at $160.50 each.\nLululemon surged 14% as analysts increased their price targets on the stock after the athletic clothing retailer boosted its outlook for the year and reported 2Q sales that outpaced expectations. The company continues to benefit from the trend toward casual and athleisure fashion, according to Jefferies. Peer Nike (NKE) rises 1.6%.\nHere are some other notable movers this morning:\n\nCardiff Oncology, Inc. soars 16% after the company said Wednesday that data from a colorectal cancer drug trial showed “robust objective response rate and progression free survival.”\nGameStop declines 6.8% after reporting a second-quarter loss that was wider than Wall Street projections. It also held a very brief earnings call in which it said it wouldn’t provide guidance. Its peer among the day trader crowd, AMC Entertainment (AMC) also slips 2.7%.\nHumanigen, Inc. shares tumble 53% after the U.S. FDA declined its request for emergency use authorization of lenzilumab to treat newly-hospitalized Covid-19 patients.\n\nIn Fx, the dollar slipped after a three-day gain, the JPY and GBP topped the G-10 leaderboard, while EUR holds within Wednesday’s range ahead of today’s ECB meeting. The Bloomberg Dollar Spot Index inched lower and the greenback fell against most of its Group-of-10 peers even as many currencies traded in tight ranges; the Treasury curve bull- flattened modestly. The yen was the top performer among G-10 peers amid haven demand. The euro came off yesterday’s one-week low while Bunds and Italian bonds were little changed before the ECB’s meeting; the pound advanced to a day-high in the European session.\nIn rates, Treasuries held small gains from intermediate sector to long-end of the curve with S&P 500 following declines in FTSE 100 and Euro Stoxx 50. Yields richer by ~1bp across long-end of the curve, flattening 2s10s, 5s30s spreads slightly; 10-year yields around 1.33%, outperforming gilts by almost 3bp. Curve and outright concession have faded ahead of 30-year bond reopening during U.S. afternoon, focal point of U.S. session after ECB policy decision at 7:45am ET.  The weekly US auction cycle concludes with $24b 30-year bond sale at 1pm ET; 3- and 10-year auctions drew strong demand. WI 30-year yield at 1.947% is below auction stops since February and ~9bp richer than last month’s, which tailed the WI by 1bp. Peripheral spreads tighten a touch. Gilts bear flatten with the short end cheaper by ~2bps\nIn commodities, crude futures were little changed, maintaining Asia’s narrow range. WTI drifts just above $69, Brent near $72.60. Spot gold puts in a ~$5 move to the upside to trade near $1,794/oz. Base metals are well bid with LME nickel and tin outperforming. LME copper reverses Wednesday’s drop, adding 1.4%. Bitcoin fluctuated between gains and losses, trading around $46,000.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891938603,"gmtCreate":1628315417802,"gmtModify":1633751699082,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"There is no perfect portfolio but suitable portfolio to make money from your investment. Build your own portfolio.","listText":"There is no perfect portfolio but suitable portfolio to make money from your investment. Build your own portfolio.","text":"There is no perfect portfolio but suitable portfolio to make money from your investment. Build your own portfolio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891938603","repostId":"1183941926","repostType":4,"repost":{"id":"1183941926","kind":"news","pubTimestamp":1628255252,"share":"https://www.laohu8.com/m/news/1183941926?lang=zh_CN&edition=full","pubTime":"2021-08-06 21:07","market":"us","language":"en","title":"How 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183941926","media":"MarketWatch","summary":"Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.The other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond ind","content":"<p>  <b>Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.</b>  Is there a Perfect Portfolio for investors?</p><p><blockquote><b>听听杰里米·西格尔、查尔斯·埃利斯、杰克·博格尔、罗伯特·席勒等人的意见。</b>投资者有完美的投资组合吗？</blockquote></p><p> We posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.</p><p><blockquote>我们向投资界最受尊敬的10位先驱提出了这个问题。六位获得诺贝尔经济学奖：哈里·马科维茨，现代投资组合理论的创始人，现代投资组合的基础；他的得意门生威廉·夏普（William Sharpe）是资本资产定价模型（CAPM）和贝塔风险衡量标准的创始人，改变了我们对金融市场风险和回报的看法；尤金·法玛，提出了有效市场假说；迈伦·斯科尔斯和罗伯特·默顿，布莱克-斯科尔斯/默顿期权定价模型的两位共同创始人；还有行为经济学家罗伯特·席勒，他的工作挑战了市场效率的概念。</blockquote></p><p> The other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.</p><p><blockquote>另外四位是投资组合经理、投资者和畅销书作家，他们已售出数百万本投资书籍，其中包括先锋集团创始人杰克·博格尔；“邦德大师”马蒂·莱博维茨；“华尔街最聪明的人”、格林威治联合创始人查尔斯·埃利斯；还有“沃顿商学院的巫师”杰里米·西格尔。</blockquote></p><p> It’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.</p><p><blockquote>鉴于他们不同的背景和兴趣，他们的建议没有达成共识也就不足为奇了。这些金融名人的不同观点说明了投资组合管理的复杂性——一种尺寸显然不能适合所有人。</blockquote></p><p> Think of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.</p><p><blockquote>将我们专家的完美投资组合视为您自己的完美投资组合的构建模块，如果以正确的组合使用，它们共同能够适应所有投资者的目标和限制。</blockquote></p><p> Markowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.</p><p><blockquote>马科维茨建议，首先也是最重要的，你应该多元化。只关注证券投资组合，特别是那些在给定风险水平下具有最高预期回报的证券，即马科维茨著名的有效前沿。同样的概念也适用于债券、房地产和大宗商品等资产类别。投资者的关键是找到彼此相关性较低的证券和资产类别，这样一种证券和资产类别的变动不一定反映在其他证券和资产类别中。</blockquote></p><p> Sharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.</p><p><blockquote>夏普的完美投资组合正是他著名的资本资产定价模型所暗示的：投资于整个市场。夏普推荐一只美国总股市基金、一只非美国总股市基金、一只美国总债市基金、一只非美国总债市基金。</blockquote></p><p> Fama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.</p><p><blockquote>Fama和他的合作者Ken French创建了一个模型，从Sharpe的CAPM开始，并用另外两个因素对其进行了增强。一个捕捉价值型股票和成长型股票之间的回报差异，而另一个捕捉小市值和大市值公司股票之间的差异。Fama建议将您的多元化投资组合向价值股和小盘股倾斜，这两种股票随着时间的推移往往会表现良好。</blockquote></p><p> As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&amp;P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”</p><p><blockquote>作为第一只指数共同基金的创始人，Bogle的投资组合完全是股票和债券指数基金，例如Vanguard跟踪标普500指数SPX的ETF，+0.60%。他的口头禅是通过指数基金降低成本，不要采取可能破坏价值的行动：“什么都不要做，就站在那里！”</blockquote></p><p> For Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”</p><p><blockquote>对于斯科尔斯来说，完美的投资组合就是风险管理。您的投资成功将主要取决于避免下行“尾部风险”，即罕见但严重的股市低迷，例如2007-2009年的金融危机或COVID-19大流行，同时利用积极的“尾部收益”。</blockquote></p><p> Pay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.</p><p><blockquote>关注VIX波动率指数VIX,-1.39%等衍生品市场告诉你什么。例如，当VIX处于低于历史平均水平的水平时，您可能会更愿意将更大比例的资产投资于风险股票。</blockquote></p><p> For Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.</p><p><blockquote>对于默顿来说，最终，完美的投资组合应该是您自己的无风险资产，例如通胀保值政府债券TIPS。对于您的退休目标，理想情况下，您应该在退休时拿出您的积蓄，购买一份年金，提供终身收入以满足您的预期需求。</blockquote></p><p> Leibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.</p><p><blockquote>莱博维茨的完美投资组合是关于你个人可以承受的风险大小。评级，请准备好做出一些艰难的判断，并考虑您的所有情况，包括潜在的生活事件、当前税收和遗产税。除了股票，你还应该包括债券，以降低其整体波动性。有应对严重不良事件的应急计划。</blockquote></p><p> For Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.</p><p><blockquote>对于希勒来说，你的完美投资组合应该是广泛多元化的，不仅要跨越主要资产类别，还要跨越国际。对世界各地的股票给予比通常更重的权重，这些股票的席勒CAPE比率（即周期性调整后的市盈率）相对较低。</blockquote></p><p></p><p> For Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.</p><p><blockquote>对于被动投资的最初倡导者之一埃利斯来说，你的完美投资组合当然应该包括指数基金，尤其是如果你想在未来20年内有很好的机会进入前20%的基金。您应该投资债券指数基金和低成本的国际指数基金，例如MSCI EAFE（欧洲、澳大拉西亚和远东）指数。注意你的税收。</blockquote></p><p> And Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.</p><p><blockquote>西格尔鼓励你有符合金融历史的合理预期，这对于畅销书《长期股票》的作者来说并不奇怪。你的投资期限越长，你的完美投资组合中股票的比例就应该越大。以发展中国家的股票为例。对于固定收益投资，请考虑提示。</blockquote></p><p> Finally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.</p><p><blockquote>最后，当你建立完美的投资组合时，反思你的风险规避程度、你的盈利能力、你当前和未来想要的财富的规模，以及你当前和未来的财务需求的规模。为了帮助您，我们创建了一个包含四个问题的调查，帮助您发现自己在16种类型的投资者中的位置。然后，它会给你指出你的完美投资组合和一个可能帮助你实现它的行动。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</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\">\nHow 10 of the world’s smartest investors can help you build your perfect portfolio<blockquote>世界上10位最聪明的投资者如何帮助您建立完美的投资组合</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 21:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.</b>  Is there a Perfect Portfolio for investors?</p><p><blockquote><b>听听杰里米·西格尔、查尔斯·埃利斯、杰克·博格尔、罗伯特·席勒等人的意见。</b>投资者有完美的投资组合吗？</blockquote></p><p> We posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.</p><p><blockquote>我们向投资界最受尊敬的10位先驱提出了这个问题。六位获得诺贝尔经济学奖：哈里·马科维茨，现代投资组合理论的创始人，现代投资组合的基础；他的得意门生威廉·夏普（William Sharpe）是资本资产定价模型（CAPM）和贝塔风险衡量标准的创始人，改变了我们对金融市场风险和回报的看法；尤金·法玛，提出了有效市场假说；迈伦·斯科尔斯和罗伯特·默顿，布莱克-斯科尔斯/默顿期权定价模型的两位共同创始人；还有行为经济学家罗伯特·席勒，他的工作挑战了市场效率的概念。</blockquote></p><p> The other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.</p><p><blockquote>另外四位是投资组合经理、投资者和畅销书作家，他们已售出数百万本投资书籍，其中包括先锋集团创始人杰克·博格尔；“邦德大师”马蒂·莱博维茨；“华尔街最聪明的人”、格林威治联合创始人查尔斯·埃利斯；还有“沃顿商学院的巫师”杰里米·西格尔。</blockquote></p><p> It’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.</p><p><blockquote>鉴于他们不同的背景和兴趣，他们的建议没有达成共识也就不足为奇了。这些金融名人的不同观点说明了投资组合管理的复杂性——一种尺寸显然不能适合所有人。</blockquote></p><p> Think of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.</p><p><blockquote>将我们专家的完美投资组合视为您自己的完美投资组合的构建模块，如果以正确的组合使用，它们共同能够适应所有投资者的目标和限制。</blockquote></p><p> Markowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.</p><p><blockquote>马科维茨建议，首先也是最重要的，你应该多元化。只关注证券投资组合，特别是那些在给定风险水平下具有最高预期回报的证券，即马科维茨著名的有效前沿。同样的概念也适用于债券、房地产和大宗商品等资产类别。投资者的关键是找到彼此相关性较低的证券和资产类别，这样一种证券和资产类别的变动不一定反映在其他证券和资产类别中。</blockquote></p><p> Sharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.</p><p><blockquote>夏普的完美投资组合正是他著名的资本资产定价模型所暗示的：投资于整个市场。夏普推荐一只美国总股市基金、一只非美国总股市基金、一只美国总债市基金、一只非美国总债市基金。</blockquote></p><p> Fama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.</p><p><blockquote>Fama和他的合作者Ken French创建了一个模型，从Sharpe的CAPM开始，并用另外两个因素对其进行了增强。一个捕捉价值型股票和成长型股票之间的回报差异，而另一个捕捉小市值和大市值公司股票之间的差异。Fama建议将您的多元化投资组合向价值股和小盘股倾斜，这两种股票随着时间的推移往往会表现良好。</blockquote></p><p> As the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&amp;P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”</p><p><blockquote>作为第一只指数共同基金的创始人，Bogle的投资组合完全是股票和债券指数基金，例如Vanguard跟踪标普500指数SPX的ETF，+0.60%。他的口头禅是通过指数基金降低成本，不要采取可能破坏价值的行动：“什么都不要做，就站在那里！”</blockquote></p><p> For Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”</p><p><blockquote>对于斯科尔斯来说，完美的投资组合就是风险管理。您的投资成功将主要取决于避免下行“尾部风险”，即罕见但严重的股市低迷，例如2007-2009年的金融危机或COVID-19大流行，同时利用积极的“尾部收益”。</blockquote></p><p> Pay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.</p><p><blockquote>关注VIX波动率指数VIX,-1.39%等衍生品市场告诉你什么。例如，当VIX处于低于历史平均水平的水平时，您可能会更愿意将更大比例的资产投资于风险股票。</blockquote></p><p> For Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.</p><p><blockquote>对于默顿来说，最终，完美的投资组合应该是您自己的无风险资产，例如通胀保值政府债券TIPS。对于您的退休目标，理想情况下，您应该在退休时拿出您的积蓄，购买一份年金，提供终身收入以满足您的预期需求。</blockquote></p><p> Leibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.</p><p><blockquote>莱博维茨的完美投资组合是关于你个人可以承受的风险大小。评级，请准备好做出一些艰难的判断，并考虑您的所有情况，包括潜在的生活事件、当前税收和遗产税。除了股票，你还应该包括债券，以降低其整体波动性。有应对严重不良事件的应急计划。</blockquote></p><p> For Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.</p><p><blockquote>对于希勒来说，你的完美投资组合应该是广泛多元化的，不仅要跨越主要资产类别，还要跨越国际。对世界各地的股票给予比通常更重的权重，这些股票的席勒CAPE比率（即周期性调整后的市盈率）相对较低。</blockquote></p><p></p><p> For Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.</p><p><blockquote>对于被动投资的最初倡导者之一埃利斯来说，你的完美投资组合当然应该包括指数基金，尤其是如果你想在未来20年内有很好的机会进入前20%的基金。您应该投资债券指数基金和低成本的国际指数基金，例如MSCI EAFE（欧洲、澳大拉西亚和远东）指数。注意你的税收。</blockquote></p><p> And Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.</p><p><blockquote>西格尔鼓励你有符合金融历史的合理预期，这对于畅销书《长期股票》的作者来说并不奇怪。你的投资期限越长，你的完美投资组合中股票的比例就应该越大。以发展中国家的股票为例。对于固定收益投资，请考虑提示。</blockquote></p><p> Finally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.</p><p><blockquote>最后，当你建立完美的投资组合时，反思你的风险规避程度、你的盈利能力、你当前和未来想要的财富的规模，以及你当前和未来的财务需求的规模。为了帮助您，我们创建了一个包含四个问题的调查，帮助您发现自己在16种类型的投资者中的位置。然后，它会给你指出你的完美投资组合和一个可能帮助你实现它的行动。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/how-10-of-the-worlds-smartest-investors-can-help-you-build-your-perfect-portfolio-11628177690?siteid=yhoof2\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/how-10-of-the-worlds-smartest-investors-can-help-you-build-your-perfect-portfolio-11628177690?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183941926","content_text":"Listen to Jeremy Siegel, Charles Ellis, Jack Bogle, Robert Shiller and others.\n\nIs there a Perfect Portfolio for investors?\nWe posed this question to 10 of the most respected pioneers in the investment community. Six have Nobel Prizes in Economics: Harry Markowitz, the founder of Modern Portfolio Theory, the basis of the modern investment portfolio; his protégé William Sharpe, creator of the Capital Asset Pricing Model (CAPM) and the beta risk measure that changed how we think about risk and reward in the financial markets; Eugene Fama, who developed the Efficient Market Hypothesis; Myron Scholes and Robert Merton, two of the co-creators of the Black-Scholes/Merton option pricing model; and Robert Shiller, the behavioral economist whose work challenged the notion of market efficiency.\nThe other four are portfolio managers, investors and bestselling authors who have sold millions of investment books, including The Vanguard Group’s founder Jack Bogle; the “Bond Guru,” Marty Leibowitz; the “Wisest Man on Wall Street” and Greenwich Associates founder Charles Ellis; and the “Wizard of Wharton,” Jeremy Siegel.\nIt’s no surprise that there isn’t consensus among their suggestions, given their varied backgrounds and interests. The different viewpoints of these financial luminaries illustrate the complexity of portfolio management—one size clearly doesn’t fit all.\nThink of the Perfect Portfolios of our experts as building blocks for your own Perfect Portfolio, collectively capable of accommodating the goals and constraints of all investors, if used in the right combination.\nMarkowitz suggests that first and foremost, you should diversify. Focus only on portfolios of securities, and in particular, those that have the highest level of expected returns for a given level of risk, Markowitz’s famous efficient frontier. The same concept applies across asset classes like bonds, real estate and commodities. The key for the investor is to find securities and asset classes with low correlations to each other, so that movements in one are not necessarily reflected in the others.\nSharpe’s Perfect Portfolio is just what his famous Capital Asset Pricing Model suggests: investing in the market as a whole. Sharpe recommends a U.S. total stock market fund, a non-U.S. total stock market fund, a U.S. total bond market fund, and a non-U.S. total bond market fund.\nFama and his collaborator Ken French created a model that starts with Sharpe’s CAPM and augments it with two other factors. One captures the difference in returns between value and growth stocks, while the other captures the difference between stocks in companies with small and large market capitalizations. Fama suggests tilting your diversified portfolio toward value stocks and small-cap stocks, both of which tend to do well over time.\nAs the creator of the first index mutual fund, Bogle’s portfolio was all about stock and bond index funds, such as Vanguard’s ETF that tracks the S&P 500 index SPX, +0.60%. His mantra was to lower your costs through index funds and not take actions that might destroy value: “Don’t do something, just stand there!”\nFor Scholes, the Perfect Portfolio is about risk management. Your investment success will depend most on avoiding the downside “tail risks,” rare but severe stock market downturns such as the financial crisis of 2007–2009 or the COVID-19 pandemic, while capitalizing on the positive “tail gains.”\nPay attention to what the derivatives markets such as the VIX volatility index VIX, -1.39% are telling you. For example, when the VIX is at a level below its historical average, you may feel more comfortable investing a greater proportion of your assets in risky stocks.\nFor Merton, ultimately, the Perfect Portfolio should be your very own risk-free asset, like the inflation-protected government bond TIPS. For your retirement goal, ideally you would take your savings at retirement, and buy an annuity that would provide a lifetime income to meet your anticipated needs.\nLeibowitz’s Perfect Portfolio is about the amount of risk you can personally bear. Be prepared to try to make some tough judgment calls, and consider all of your circumstances, including potential life events, current taxes and estate taxes. In addition to equities, you should include bonds to reduce its overall volatility. Have a contingency plan to deal with serious adverse events.\nFor Shiller, your Perfect Portfolio should be widely diversified, not only across major asset classes, but internationally as well. Place a heavier than typical weight in stocks around the world, where Shiller’s CAPE ratios—that is, cyclically adjusted price-to-earnings ratios—are relatively low.\nFor Ellis, one of the original advocates of passive investing, your Perfect Portfolio should of course include index funds, especially if you want to have a good chance of being in the top 20% of funds over the next 20 years. You should invest in bond index funds and low-cost international index funds, such as the MSCI EAFE (Europe, Australasia, and Far East) index. Pay attention to your taxes.\nAnd Siegel encourages you to have reasonable expectations in line with financial history, no surprise for the author of the bestselling “Stocks for the Long Run”. The longer your investment horizon, the greater proportion of your Perfect Portfolio should be in stocks. Consider developing-country stocks. For fixed-income investments, consider TIPS.\nFinally, as you build your Perfect Portfolio, reflect on your degree of risk aversion, your earning power, the magnitude of your current and future desired wealth, and the magnitude of your current and future financial needs. To assist you, we have created a four-question survey to help you discover where you fit in among 16 types of investors. It then points you toward your Perfect Portfolio and an action that may help you achieve it.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802488746,"gmtCreate":1627795703885,"gmtModify":1631883986240,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"They have teams, you are on your own. Just for reading.&nbsp;","listText":"They have teams, you are on your own. Just for reading.&nbsp;","text":"They have teams, you are on your own. Just for reading.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/802488746","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohu8.com/m/news/1147779023?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:22","market":"us","language":"en","title":"You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147779023","media":"MarketWatch","summary":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fu","content":"<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三位投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三位投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147779023","content_text":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.\n\nInvesting is a tough game. That’s why so many mutual funds lag behind their indices.\nSo when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.\nThe American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.\nThe fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.\nHere are the five key takeaways, with examples of specific stocks.\n1. Own companies that can “land and expand” in big markets\nEven though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.\nBill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.\nBill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.\n“Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.\nFounder-run companies such as this one are worth considering because they often outperform.\n2. Seek out innovators\nRam’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.\nBack in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.\nBoston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.\n“We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”\nThis penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.\nA key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.\nThey’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.\nBut don’t count out this innovator yet.\n“We recently announced plans to develop new innovative beverages with Beam Suntory that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”\n3. Look for companies that can create and dominate a niche\nFor years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.\nThis is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.\n4. Buy companies in the early stages of rapid growth\nOne way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.\nAlnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.\n“This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”\n5. Hold stocks for the long term\nAll of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158789228,"gmtCreate":1625182167864,"gmtModify":1633942891461,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"High can&nbsp;go higher. Yes. Be prepared when want go in. 😀","listText":"High can&nbsp;go higher. Yes. Be prepared when want go in. 😀","text":"High can go higher. Yes. Be prepared when want go in. 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158789228","repostId":"1113357649","repostType":2,"repost":{"id":"1113357649","kind":"news","pubTimestamp":1625133776,"share":"https://www.laohu8.com/m/news/1113357649?lang=zh_CN&edition=full","pubTime":"2021-07-01 18:02","market":"us","language":"en","title":"Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113357649","media":"seekingalpha","summary":"Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.I initiate Amazon with a bullish rating and a fair value of $3576/share .The company's improving top line and bottom line performance  suggests that the stock is currently undervalued by 3.9%.Amazon, a $1.74 trillion company. This is the current market capitalization  of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?I initiate","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</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>Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</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\">\nAmazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 18:02</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>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113357649","content_text":"Summary\n\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).\nThe company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.\n\nDaria Nipot/iStock Editorial via Getty Images\nCompany Overview\nAmazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.\nCompany Analysis\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.\nTo compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nCapitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nIn my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.\nAlong the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.\nFinally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.\nBy putting it together, I obtain a DCF value of $3328/share.\nMonte Carlo Simulation\nRather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:\n1. Revenue Growth:\nIn my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).\nSource:Author's estimates\n2. Operating Margin:\nCurrently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.\nSource:SeekingAlpha.com\nHowever, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.\nIn 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:\n\nThe worldwide \n infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.\n\nSource:Gartner.com\nFinally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.\nSource:Author's estimates\n3. Cost of Capital:\nThe last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.\nSource:Author's estimates\nBy putting all of this together, the simulations return the following results.\nSource:Author's estimates\nFor completeness, I also display below the relative and cumulative frequency of the simulation.\nSource:Author's estimates\nBy looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).\nFinally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.\nFinal Thoughts\nBoth the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":822632227,"gmtCreate":1634124338673,"gmtModify":1634124338898,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Will they go down further?","listText":"Will they go down further?","text":"Will they go down further?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/822632227","repostId":"1104360269","repostType":4,"repost":{"id":"1104360269","kind":"news","pubTimestamp":1634112030,"share":"https://www.laohu8.com/m/news/1104360269?lang=zh_CN&edition=full","pubTime":"2021-10-13 16:00","market":"us","language":"en","title":"Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104360269","media":"TheStreet","summary":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should in","content":"<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>Wall Street Memes列出了过去52周内表现最差的三只纳斯达克100股票。投资者是否应该趁机逢低买入？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月内上涨了28%。科技股指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去的五年里，纳斯达克的价值增长了惊人的209%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年业绩。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>在寻找好交易的过程中，Wall Street Memes关注了过去52周内表现最差的纳斯达克100只股票。负面势头是否会让位于逢低吸纳，并在可预见的未来将其中一些股票变成赢家？以下是三种潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 Vertex Pharmaceuticals–$VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值460亿美元的制药公司开发和销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今，该股已下跌22%，上次检查时目前价格为179美元。华尔街对该股的共识是适度买入。根据过去三个月的13份报告，245美元的一致目标价表明有37%的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：VRTX年初至今的表现。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司Stifel很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药物管道面临很高的市场风险，因为Vertex是一家市值500亿美元的公司，其下一个项目“不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler分析师几个月前推荐了该股，并将VRTX的目标价从261美元上调至323美元。他将自己的看涨部分归因于转型药物Trikafta以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive–$PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅，是去年疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>PTON</b>今年迄今，该股已下跌41%，上次检查时目前价格为86美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：PTON年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，华尔街认为现在可能是投资Peloton股票的好时机。根据过去三个月发布的22份报告，这家市值260亿美元的公司获得了买入共识，目标价为127美元，上涨空间为47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了估值分析的支持，估值分析可以说是过高的。分析师Eric Sheridan最近重申了对该股的卖出评级，预测PTON的价格为70美元，下跌18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过17%，这意味着市场根据该股2023年电动汽车与销售额平均倍数4.2倍的交易情况，为该机会分配了接近1.2 B美元的销售额。Street预计2023年互联健身订户约为506万。这意味着每个订户每年的支出约为240美元。”</i>从乐观的角度来看，巴克莱分析师马里奥·卢(Mario Lu)认为，近期毛利率低于预期的原因是胎面召回退款以及运输成本持续上涨。由于2022财年现在被视为投资年，因此重申了看涨情绪，因为Peloton希望将资金积极投入营销和研发——分析师认为这是正确的长期决定。他对PTON给予买入评级和50%的上涨机会。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者Cathie Wood几天前购买了大量PTON股票。伍德的Ark基金因该公司未达到盈利预期而逢低买入，目前持有170万股PTON股票，价值1.72亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1拼多多-$PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家位于上海的电子商务运营商<b>PDD</b>今年迄今，其股价下跌了42%以上——上次检查时，目前股价为96美元。据华尔街称，这家市值达1180亿美元的公司值得大力买入，预计未来12个月内将复苏42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为137美元，据信该公司被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：PDD年初至今的表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师Nicky Ge预测拼多多股价为150美元，并将拼多多近期股价疲软部分归因于市场对2021年销售总额增长的预期。该分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于2021年上半年中国互联网零售市场复苏乏力，我们预测拼多多在2021年第二季度和2021年的销售总额将分别同比增长43%和40%，而2020年同比增长66%。”</i>两个月前，Benchmark分析师Fawne Jiang将PDD目标价从176美元下调至156美元。第二季度业绩好坏参半，其标题是“尽管收入主要由于1便士的销售波动而下降，但盈利大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</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>Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街称：逢低买入这3只纳斯达克股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-10-13 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>Wall Street Memes列出了过去52周内表现最差的三只纳斯达克100股票。投资者是否应该趁机逢低买入？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月内上涨了28%。科技股指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去的五年里，纳斯达克的价值增长了惊人的209%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年业绩。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>在寻找好交易的过程中，Wall Street Memes关注了过去52周内表现最差的纳斯达克100只股票。负面势头是否会让位于逢低吸纳，并在可预见的未来将其中一些股票变成赢家？以下是三种潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 Vertex Pharmaceuticals–$VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值460亿美元的制药公司开发和销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今，该股已下跌22%，上次检查时目前价格为179美元。华尔街对该股的共识是适度买入。根据过去三个月的13份报告，245美元的一致目标价表明有37%的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：VRTX年初至今的表现。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司Stifel很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药物管道面临很高的市场风险，因为Vertex是一家市值500亿美元的公司，其下一个项目“不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler分析师几个月前推荐了该股，并将VRTX的目标价从261美元上调至323美元。他将自己的看涨部分归因于转型药物Trikafta以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive–$PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅，是去年疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>PTON</b>今年迄今，该股已下跌41%，上次检查时目前价格为86美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：PTON年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，华尔街认为现在可能是投资Peloton股票的好时机。根据过去三个月发布的22份报告，这家市值260亿美元的公司获得了买入共识，目标价为127美元，上涨空间为47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了估值分析的支持，估值分析可以说是过高的。分析师Eric Sheridan最近重申了对该股的卖出评级，预测PTON的价格为70美元，下跌18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过17%，这意味着市场根据该股2023年电动汽车与销售额平均倍数4.2倍的交易情况，为该机会分配了接近1.2 B美元的销售额。Street预计2023年互联健身订户约为506万。这意味着每个订户每年的支出约为240美元。”</i>从乐观的角度来看，巴克莱分析师马里奥·卢(Mario Lu)认为，近期毛利率低于预期的原因是胎面召回退款以及运输成本持续上涨。由于2022财年现在被视为投资年，因此重申了看涨情绪，因为Peloton希望将资金积极投入营销和研发——分析师认为这是正确的长期决定。他对PTON给予买入评级和50%的上涨机会。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者Cathie Wood几天前购买了大量PTON股票。伍德的Ark基金因该公司未达到盈利预期而逢低买入，目前持有170万股PTON股票，价值1.72亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1拼多多-$PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家位于上海的电子商务运营商<b>PDD</b>今年迄今，其股价下跌了42%以上——上次检查时，目前股价为96美元。据华尔街称，这家市值达1180亿美元的公司值得大力买入，预计未来12个月内将复苏42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为137美元，据信该公司被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：PDD年初至今的表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师Nicky Ge预测拼多多股价为150美元，并将拼多多近期股价疲软部分归因于市场对2021年销售总额增长的预期。该分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于2021年上半年中国互联网零售市场复苏乏力，我们预测拼多多在2021年第二季度和2021年的销售总额将分别同比增长43%和40%，而2020年同比增长66%。”</i>两个月前，Benchmark分析师Fawne Jiang将PDD目标价从176美元下调至156美元。第二季度业绩好坏参半，其标题是“尽管收入主要由于1便士的销售波动而下降，但盈利大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","PDD":"拼多多","VRTX":"福泰制药","QQQ":"纳指100ETF"},"source_url":"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104360269","content_text":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?\nThe Nasdaq 100 has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple to Amazon and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.\nFigure 1: Nasdaq Invesco QQQ performance in the past 5 years.\nIn its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.\n#3 Vertex Pharmaceuticals - $VRTX\nThe $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis. VRTX stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.\nFigure 2: VRTX performance year-to-date.\nBearishness has been well presented by research company Stifel. After downgrading the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.\nOn the other hand, Piper Sandler analyst recommended the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.\n#2 Peloton Interactive - $PTON\nThe company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.PTON stock has been down 41% year-to-date and is currently priced at $86 at last check.\nFigure 3: PTON performance year-to-date.\nDespite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.\nThe bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.\n\n\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"\n\nOn the bullish side, Barclays analyst Mario Lu justified the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.\nLastly, famed investor Cathie Wood purchased a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.\n#1 Pinduoduo Inc. - $PDD\nThis Shanghai-based e-commerce operator PDD saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.\nFigure 4: PDD performance year-to-date.\nChina Renaissance analyst Nicky Ge forecasts $150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:\n\n“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”\n\nTwo months ago, Benchmark analyst Fawne Jiang lowered his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.","news_type":1,"symbols_score_info":{"PTON":0.9,"PDD":0.9,"QQQ":0.9,"VRTX":0.9}},"isVote":1,"tweetType":1,"viewCount":2702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":892956293,"gmtCreate":1628636561212,"gmtModify":1633745625601,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Still a young company. Let's it grow.&nbsp;","listText":"Still a young company. Let's it grow.&nbsp;","text":"Still a young company. Let's it grow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892956293","repostId":"2158479992","repostType":4,"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898514434,"gmtCreate":1628509991728,"gmtModify":1633746588801,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Up up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898514434","repostId":"1122651143","repostType":4,"repost":{"id":"1122651143","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628508488,"share":"https://www.laohu8.com/m/news/1122651143?lang=zh_CN&edition=full","pubTime":"2021-08-09 19:28","market":"us","language":"en","title":"Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.<blockquote>加密货币板块股票在盘前交易中上涨，BTCM股价上涨超过30%，BITF飙升超过20%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122651143","media":"Tiger Newspress","summary":"Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more tha","content":"<p>Crypto&nbsp;sector&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading,BTCM&nbsp;shares&nbsp;jumped&nbsp;more&nbsp;than&nbsp;30%,BITF&nbsp;surged&nbsp;more&nbsp;than&nbsp;20%.</p><p><blockquote>加密货币板块股票在盘前交易中上涨，BTCM股价上涨超过30%，BITF飙升超过20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9ece56572cf91d8de69991add19a22f4\" tg-width=\"1287\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Investors in stock trading platforms are citing the momentum in cryptocurrencies as being the driving force for the stock price increase. The price of the Bitcoin cryptocurrency is up more than 9% over the past week. And Ethereum is up more than 12% over the past week.</p><p><blockquote>股票交易平台的投资者将加密货币的势头视为股价上涨的驱动力。比特币加密货币的价格在过去一周上涨了9%以上。以太币过去一周上涨超过12%。</blockquote></p><p> Late last month, BIT Mining announced it entered into a definitive purchase agreement to buy 2,500 new bitcoin mining machines for a total consideration of approximately US$6.6 million. And when deployed, the company expects the Acquired Machines to increase its theoretical maximum total hash rate capacity by about 165 peta hashes per second (PH/s).</p><p><blockquote>上月底，BIT Mining宣布已签订最终购买协议，购买2,500台新的比特币矿机，总对价约为660万美元。部署后，该公司预计收购的机器将使其理论上最大总哈希率容量增加约165 peta哈希每秒（PH/s）。</blockquote></p><p> The acquired machines are expected to be delivered within one week from today. And following delivery, the company plans for them to be shipped to Kazakhstan for deployment.</p><p><blockquote>收购的机器预计将在今天起一周内交付。交付后，该公司计划将它们运往哈萨克斯坦进行部署。</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>Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.<blockquote>加密货币板块股票在盘前交易中上涨，BTCM股价上涨超过30%，BITF飙升超过20%。</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\">\nCrypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.<blockquote>加密货币板块股票在盘前交易中上涨，BTCM股价上涨超过30%，BITF飙升超过20%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-09 19:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Crypto&nbsp;sector&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading,BTCM&nbsp;shares&nbsp;jumped&nbsp;more&nbsp;than&nbsp;30%,BITF&nbsp;surged&nbsp;more&nbsp;than&nbsp;20%.</p><p><blockquote>加密货币板块股票在盘前交易中上涨，BTCM股价上涨超过30%，BITF飙升超过20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9ece56572cf91d8de69991add19a22f4\" tg-width=\"1287\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Investors in stock trading platforms are citing the momentum in cryptocurrencies as being the driving force for the stock price increase. The price of the Bitcoin cryptocurrency is up more than 9% over the past week. And Ethereum is up more than 12% over the past week.</p><p><blockquote>股票交易平台的投资者将加密货币的势头视为股价上涨的驱动力。比特币加密货币的价格在过去一周上涨了9%以上。以太币过去一周上涨超过12%。</blockquote></p><p> Late last month, BIT Mining announced it entered into a definitive purchase agreement to buy 2,500 new bitcoin mining machines for a total consideration of approximately US$6.6 million. And when deployed, the company expects the Acquired Machines to increase its theoretical maximum total hash rate capacity by about 165 peta hashes per second (PH/s).</p><p><blockquote>上月底，BIT Mining宣布已签订最终购买协议，购买2,500台新的比特币矿机，总对价约为660万美元。部署后，该公司预计收购的机器将使其理论上最大总哈希率容量增加约165 peta哈希每秒（PH/s）。</blockquote></p><p> The acquired machines are expected to be delivered within one week from today. And following delivery, the company plans for them to be shipped to Kazakhstan for deployment.</p><p><blockquote>收购的机器预计将在今天起一周内交付。交付后，该公司计划将它们运往哈萨克斯坦进行部署。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BITF":"Bitfarms Ltd."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122651143","content_text":"Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.\nInvestors in stock trading platforms are citing the momentum in cryptocurrencies as being the driving force for the stock price increase. The price of the Bitcoin cryptocurrency is up more than 9% over the past week. And Ethereum is up more than 12% over the past week.\nLate last month, BIT Mining announced it entered into a definitive purchase agreement to buy 2,500 new bitcoin mining machines for a total consideration of approximately US$6.6 million. And when deployed, the company expects the Acquired Machines to increase its theoretical maximum total hash rate capacity by about 165 peta hashes per second (PH/s).\nThe acquired machines are expected to be delivered within one week from today. And following delivery, the company plans for them to be shipped to Kazakhstan for deployment.","news_type":1,"symbols_score_info":{"BITF":0.9,"BTCM":0.9}},"isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802417741,"gmtCreate":1627795188783,"gmtModify":1633756292083,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Stay cool.","listText":"Stay cool.","text":"Stay cool.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802417741","repostId":"1106964638","repostType":4,"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145884533,"gmtCreate":1626217561222,"gmtModify":1633929053043,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Ok. Every bull market&nbsp;is different.&nbsp;","listText":"Ok. Every bull market&nbsp;is different.&nbsp;","text":"Ok. Every bull market is different.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145884533","repostId":"1198485083","repostType":4,"repost":{"id":"1198485083","kind":"news","pubTimestamp":1626186297,"share":"https://www.laohu8.com/m/news/1198485083?lang=zh_CN&edition=full","pubTime":"2021-07-13 22:24","market":"us","language":"en","title":"477 Days And Counting: How The Current Post-Pandemic Bull Market Compares To Bull Markets Of The Past<blockquote>477天还在继续：当前的大流行后牛市与过去的牛市相比如何</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198485083","media":"Benzinga","summary":"The S&P 500 made new all-time highs on Monday, and the bull market that started on March 23, 2020 ha","content":"<p><div> The S&P 500 made new all-time highs on Monday, and the bull market that started on March 23, 2020 has had very few bumps in the road up to this point. The bull market is now 477 days old, and the S&P ...</p><p><blockquote><div>标普500周一创下历史新高，2020年3月23日开始的牛市迄今为止几乎没有遇到什么坎坷。牛市现在已经477天了，S&amp;P...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>477 Days And Counting: How The Current Post-Pandemic Bull Market Compares To Bull Markets Of The Past<blockquote>477天还在继续：当前的大流行后牛市与过去的牛市相比如何</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\">\n477 Days And Counting: How The Current Post-Pandemic Bull Market Compares To Bull Markets Of The Past<blockquote>477天还在继续：当前的大流行后牛市与过去的牛市相比如何</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-13 22:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The S&P 500 made new all-time highs on Monday, and the bull market that started on March 23, 2020 has had very few bumps in the road up to this point. The bull market is now 477 days old, and the S&P ...</p><p><blockquote><div>标普500周一创下历史新高，2020年3月23日开始的牛市迄今为止几乎没有遇到什么坎坷。牛市现在已经477天了，S&amp;P...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.benzinga.com/general/education/21/07/21957243/477-days-and-counting-how-the-current-post-pandemic-bull-market-compares-to-bull-markets-of-the","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198485083","content_text":"The S&P 500 made new all-time highs on Monday, and the bull market that started on March 23, 2020 has had very few bumps in the road up to this point. The bull market is now 477 days old, and the S&P 500 has rallied just over 100% since hitting its intraday pandemic low of 2,191.86 last March.\nIt may seem like an eternity since that pandemic low in 2020, but asRitholtz portfolio manager Ben Carlson highlighted, history suggests the bull market may be just getting started.\nBull Market Numbers:A bull market is defined as a gain of at least 20% from a bear market trough. There have been 23 S&P 500 bull markets since 1928. The average bull market has lasted 1,121 days, or just over three years. However, the past five bull markets have lasted at least 1,826 days.\nThe bull market from March 2009 to February 2020 that ended when the pandemic hit lasted 3,999 days. The bull market from December 1987 to the bursting of the dot-com bubble in March 2000 lasted 4,494 days, or about 12.3 years.\nBy duration, the current bull market is relatively young compared to most bull markets of the past. But it has certainly come a long way fast. In fact, in just 477 days, the current bull market’s 100% return off of trough lows is just 22% shy of the average bull market return since 1928.\nAnd just because a bear market was less than two years ago doesn’t mean investors are in the clear of a major market correction (a decline of at least 10% from the bull market peak) or another bear market (a decline of at least 20%). There have been 32 corrections and 21 bear markets since 1928, or roughly one every 21 months.\nBenzinga’s Take:These historical numbers are a great way for investors to keep some perspective on where the S&P 500 is and where it might be going. But past performance is certainly not a reliable predictor of future results, and nobody should be going long or short the based on historical bull market trends.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":829506248,"gmtCreate":1633523689593,"gmtModify":1633523715861,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Whats drop will up again.&nbsp;","listText":"Whats drop will up again.&nbsp;","text":"Whats drop will up again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829506248","repostId":"1120895443","repostType":4,"isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888208981,"gmtCreate":1631497006143,"gmtModify":1631891114002,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Good to know.","listText":"Good to know.","text":"Good to know.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/888208981","repostId":"2166303094","repostType":4,"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898990705,"gmtCreate":1628466677807,"gmtModify":1633747051885,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"Staffs ethical issues, reputation 👎🏻 Let's see how impact BaBa.","listText":"Staffs ethical issues, reputation 👎🏻 Let's see how impact BaBa.","text":"Staffs ethical issues, reputation 👎🏻 Let's see how impact BaBa.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898990705","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802489547,"gmtCreate":1627795324989,"gmtModify":1633756290692,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586131488444401","idStr":"3586131488444401"},"themes":[],"htmlText":"AMD will grow","listText":"AMD will grow","text":"AMD will grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802489547","repostId":"1135561812","repostType":4,"repost":{"id":"1135561812","kind":"news","pubTimestamp":1627637430,"share":"https://www.laohu8.com/m/news/1135561812?lang=zh_CN&edition=full","pubTime":"2021-07-30 17:30","market":"us","language":"en","title":"AMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135561812","media":"seekingalpha","summary":"AMD's margin gains are driven by growing strength in end markets.AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors  and Radeon graphic cards. The uptick in g","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>AMD's margin gains are driven by growing strength in end markets.</li>  <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>  <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>  <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD的利润率增长是由终端市场实力的增强推动的。</li><li>AMD将2021财年的收入指引上调了$1.0 B，毛利率接近50%。</li><li>即使增长放缓，这家半导体公司明年的自由现金流也可能达到$6.0 B。</li><li>AMD的美元销售额增长比Nvidia便宜，而且AMD的增长速度甚至可能更快。</li></ul><p class=\"t-img-caption\"><span>Jay_Zynism/iStock来自Getty Images</span></p></blockquote></p><p> AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p><p><blockquote>AMD(AMD)昨天引起了轰动，此前这家半导体公司公布的增长和利润率甚至好于预期。AMD的收入加速和毛利率强劲扩张为该股的上涨提供了强有力的理由。</blockquote></p><p> <b>Why AMD is worth $120</b></p><p><blockquote><b>为什么AMD值120美元</b></blockquote></p><p> Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p><p><blockquote>在我深入了解AMD的最新业绩之前，让我们快速回顾一下该公司上季度的指引。对于21年第二季度，AMD预计收入至少为$3.5 B，“高案例”指导意味着收入环比增长7%，毛利率为47%。</blockquote></p><p> I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p><p><blockquote>我预计AMD的收入将达到指导上限（$3.7 B），最低自由现金流为8.95亿美元（环比增长8%），自由现金流利润率为24%。鉴于价格较高的锐龙台式机和笔记本处理器和GPU的销售加速，以及终端市场广泛实力推动的平均售价/ASP上升，我预计AMD将超出自己的利润率指导，并报告毛利率21年第二季度为48%。我还预测，由于CPU和GPU平均售价的强劲，AMD的毛利率指引将会更新。我在《AMD：迈向50亿美元的年度自由现金流》中详细阐述了对AMD 21年第二季度收益的预测。</blockquote></p><p> Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p><p><blockquote>谈到AMD的实际业绩，这家半导体公司再次证明了它正在全力以赴。AMD 21年第二季度的收入为38.5亿美元，比指导上限高出1.5亿美元，环比增长12%，图形/计算和企业市场的收入势头仍在继续。由于客户端和图形处理器销售额的增加以及平均售价的提高，图形/计算收入环比增长7%，达到22.5亿美元。企业业务已成为AMD近几个季度销售增长的驱动力，21年第二季度收入为$1.6 B，环比增长19%。继AMD在21年第一季度录得5%的季度收入增长后，企业收入在21年第二季度继续加速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p><p><blockquote>然而，AMD 21年第二季度收益中最有趣的启示是毛利率的趋势。AMD的毛利率跃升4个百分点至48%，比指导值高出1个百分点，原因是价格较高的锐龙处理器（移动和桌面）和镭龙显卡的更好组合。21年第二季度毛利率的上升标志着AMD利润率连续第三个季度扩张，我认为AMD还没有看到这一趋势的结束。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> Turning to cash flow.</p><p><blockquote>转向现金流。</blockquote></p><p> AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p><p><blockquote>AMD报告的经营活动现金流为9.52亿美元，自由现金流为8.88亿美元，比我的预期低700万美元，但仍是一年前的近六倍。随着AMD在计算/图形和企业终端市场继续看到强劲的收入增长，我相信AMD可以在明年年底前将其自由现金流利润率提高到30%。AMD将2021财年的收入指引（稍后讨论）提高了$1.0 B，这意味着我也刷新了今年和明年的自由现金流预期。</blockquote></p><p> AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p><p><blockquote>AMD预计今年的收入为$15.6 B。假设稳定的自由现金流利润率为23-24%，AMD预计自由现金流为$3.6 B至$3.7 B。明年的收入预期尚未更新，但AMD在2022财年的收入应至少为$20B（假设同比增长25%），这意味着明年的自由现金流为$4.6 B至$4.8 B……而这些预期并未考虑AMD第三代EPYC Milan驱动的服务器处理器和价格更高的GPU提高AMD自由现金流利润率的可能性。明年30%的自由现金流利润率意味着自由现金流为$6.0 B。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p><p><blockquote><table><tbody><tr></tr></tbody></table>AMD预计收入为41亿美元+/-1亿美元，该公司更新了2021财年收入和毛利率指引（如预期）。AMD目前预计2021财年收入增长60%（之前为50%），毛利率为48%（之前为47%）。假设收入增长60%，AMD目前预计全年收入为$15.6 B（之前为$14.6 B），因此AMD的新指导评级为$1.0 B的额外收入，这些收入迄今为止尚未计入AMD的市值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p><p><blockquote>AMD较高的毛利率和销售指引为该公司股票升值创造了强大的力量。由于AMD股价最近下跌以及收入增加了$1.0 B，AMD的美元销售额增长在盈利后变得更加便宜。AMD的美元销售额增长低于Nvidia，而且AMD的增长速度可能更快：AMD的收入指导评级为同比增长60%，对Nvidia的预测意味着2021财年“仅”同比增长49%。AMD的市值与市盈率为42.5，对于一家收入增长60%、毛利率接近50%的公司来说，这是很低的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p><p><blockquote><table><tbody><tr></tr></tbody></table>基于2022财年每股收益17.29美元，Nvidia的市盈率为44.5。如果AMD的盈利增长（2022财年每股收益为2.71美元）与Nvidia的估值相同，AMD的公平价格将为120美元（2.71美元x 44.5盈利乘数系数），表明上涨空间为17%。</blockquote></p><p> <b>Challenges to my price target</b></p><p><blockquote><b>我的价格目标面临的挑战</b></blockquote></p><p> The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p><p><blockquote>AMD最大的机遇和最大的风险都与毛利率有关。AMD今年的收入加速和利润率增长强劲，这是我相信AMD可以重估更高的主要原因。但毛利率不可能每个季度增长3-4个PP。如果AMD的毛利率扩张放缓，或者更糟的是，毛利率回落至40%，AMD的股票回报可能会下降。毛利率趋势的逆转将改变我对AMD的看法，并使我120美元的股价目标面临危险。</blockquote></p><p> Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p><p><blockquote>CPU和图形芯片的平均售价疲软可能会成为煤矿中的金丝雀，并可能预示着AMD终端市场的提前疲软。终端市场疲软意味着AMD的收入增长将放缓，这可能会导致AMD利润估值的盈利乘数降低。我不认为AMD基于盈利被高估，但市场随时可能不同意我的评估。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p><p><blockquote>AMD报告第二季度收入增长和毛利率令人印象深刻。AMD上调指引和环比收入加速表明CPU和GPU的终端市场远强于预期。在平均售价上升的支持下，这可能会导致又一年的收入加速增长，AMD的毛利率持续扩大至50%。AMD的风险状况仍然严重偏向上行。</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>AMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</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\">\nAMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-30 17:30</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>AMD's margin gains are driven by growing strength in end markets.</li>  <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>  <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>  <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD的利润率增长是由终端市场实力的增强推动的。</li><li>AMD将2021财年的收入指引上调了$1.0 B，毛利率接近50%。</li><li>即使增长放缓，这家半导体公司明年的自由现金流也可能达到$6.0 B。</li><li>AMD的美元销售额增长比Nvidia便宜，而且AMD的增长速度甚至可能更快。</li></ul><p class=\"t-img-caption\"><span>Jay_Zynism/iStock来自Getty Images</span></p></blockquote></p><p> AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p><p><blockquote>AMD(AMD)昨天引起了轰动，此前这家半导体公司公布的增长和利润率甚至好于预期。AMD的收入加速和毛利率强劲扩张为该股的上涨提供了强有力的理由。</blockquote></p><p> <b>Why AMD is worth $120</b></p><p><blockquote><b>为什么AMD值120美元</b></blockquote></p><p> Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p><p><blockquote>在我深入了解AMD的最新业绩之前，让我们快速回顾一下该公司上季度的指引。对于21年第二季度，AMD预计收入至少为$3.5 B，“高案例”指导意味着收入环比增长7%，毛利率为47%。</blockquote></p><p> I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p><p><blockquote>我预计AMD的收入将达到指导上限（$3.7 B），最低自由现金流为8.95亿美元（环比增长8%），自由现金流利润率为24%。鉴于价格较高的锐龙台式机和笔记本处理器和GPU的销售加速，以及终端市场广泛实力推动的平均售价/ASP上升，我预计AMD将超出自己的利润率指导，并报告毛利率21年第二季度为48%。我还预测，由于CPU和GPU平均售价的强劲，AMD的毛利率指引将会更新。我在《AMD：迈向50亿美元的年度自由现金流》中详细阐述了对AMD 21年第二季度收益的预测。</blockquote></p><p> Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p><p><blockquote>谈到AMD的实际业绩，这家半导体公司再次证明了它正在全力以赴。AMD 21年第二季度的收入为38.5亿美元，比指导上限高出1.5亿美元，环比增长12%，图形/计算和企业市场的收入势头仍在继续。由于客户端和图形处理器销售额的增加以及平均售价的提高，图形/计算收入环比增长7%，达到22.5亿美元。企业业务已成为AMD近几个季度销售增长的驱动力，21年第二季度收入为$1.6 B，环比增长19%。继AMD在21年第一季度录得5%的季度收入增长后，企业收入在21年第二季度继续加速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p><p><blockquote>然而，AMD 21年第二季度收益中最有趣的启示是毛利率的趋势。AMD的毛利率跃升4个百分点至48%，比指导值高出1个百分点，原因是价格较高的锐龙处理器（移动和桌面）和镭龙显卡的更好组合。21年第二季度毛利率的上升标志着AMD利润率连续第三个季度扩张，我认为AMD还没有看到这一趋势的结束。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> Turning to cash flow.</p><p><blockquote>转向现金流。</blockquote></p><p> AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p><p><blockquote>AMD报告的经营活动现金流为9.52亿美元，自由现金流为8.88亿美元，比我的预期低700万美元，但仍是一年前的近六倍。随着AMD在计算/图形和企业终端市场继续看到强劲的收入增长，我相信AMD可以在明年年底前将其自由现金流利润率提高到30%。AMD将2021财年的收入指引（稍后讨论）提高了$1.0 B，这意味着我也刷新了今年和明年的自由现金流预期。</blockquote></p><p> AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p><p><blockquote>AMD预计今年的收入为$15.6 B。假设稳定的自由现金流利润率为23-24%，AMD预计自由现金流为$3.6 B至$3.7 B。明年的收入预期尚未更新，但AMD在2022财年的收入应至少为$20B（假设同比增长25%），这意味着明年的自由现金流为$4.6 B至$4.8 B……而这些预期并未考虑AMD第三代EPYC Milan驱动的服务器处理器和价格更高的GPU提高AMD自由现金流利润率的可能性。明年30%的自由现金流利润率意味着自由现金流为$6.0 B。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p><p><blockquote><table><tbody><tr></tr></tbody></table>AMD预计收入为41亿美元+/-1亿美元，该公司更新了2021财年收入和毛利率指引（如预期）。AMD目前预计2021财年收入增长60%（之前为50%），毛利率为48%（之前为47%）。假设收入增长60%，AMD目前预计全年收入为$15.6 B（之前为$14.6 B），因此AMD的新指导评级为$1.0 B的额外收入，这些收入迄今为止尚未计入AMD的市值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p><p><blockquote>AMD较高的毛利率和销售指引为该公司股票升值创造了强大的力量。由于AMD股价最近下跌以及收入增加了$1.0 B，AMD的美元销售额增长在盈利后变得更加便宜。AMD的美元销售额增长低于Nvidia，而且AMD的增长速度可能更快：AMD的收入指导评级为同比增长60%，对Nvidia的预测意味着2021财年“仅”同比增长49%。AMD的市值与市盈率为42.5，对于一家收入增长60%、毛利率接近50%的公司来说，这是很低的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p><p><blockquote><table><tbody><tr></tr></tbody></table>基于2022财年每股收益17.29美元，Nvidia的市盈率为44.5。如果AMD的盈利增长（2022财年每股收益为2.71美元）与Nvidia的估值相同，AMD的公平价格将为120美元（2.71美元x 44.5盈利乘数系数），表明上涨空间为17%。</blockquote></p><p> <b>Challenges to my price target</b></p><p><blockquote><b>我的价格目标面临的挑战</b></blockquote></p><p> The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p><p><blockquote>AMD最大的机遇和最大的风险都与毛利率有关。AMD今年的收入加速和利润率增长强劲，这是我相信AMD可以重估更高的主要原因。但毛利率不可能每个季度增长3-4个PP。如果AMD的毛利率扩张放缓，或者更糟的是，毛利率回落至40%，AMD的股票回报可能会下降。毛利率趋势的逆转将改变我对AMD的看法，并使我120美元的股价目标面临危险。</blockquote></p><p> Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p><p><blockquote>CPU和图形芯片的平均售价疲软可能会成为煤矿中的金丝雀，并可能预示着AMD终端市场的提前疲软。终端市场疲软意味着AMD的收入增长将放缓，这可能会导致AMD利润估值的盈利乘数降低。我不认为AMD基于盈利被高估，但市场随时可能不同意我的评估。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p><p><blockquote>AMD报告第二季度收入增长和毛利率令人印象深刻。AMD上调指引和环比收入加速表明CPU和GPU的终端市场远强于预期。在平均售价上升的支持下，这可能会导致又一年的收入加速增长，AMD的毛利率持续扩大至50%。AMD的风险状况仍然严重偏向上行。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued\">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":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135561812","content_text":"Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.\nAMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.\n\nJay_Zynism/iStock via Getty Images\nAMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.\nWhy AMD is worth $120\nBefore I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.\nI expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.\nTurning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.\n(Source:AMD)\nThe most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.\n(Source:AMD)\nTurning to cash flow.\nAMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.\nAMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.\n(Source: Author)\n\n\n\n\n\nAMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.\n(Source:AMD)\nAMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.\n(Source: Author)\n\n\n\n\n\nNvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.\nChallenges to my price target\nThe biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.\nSoftening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.\nFinal thoughts\nAMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}