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2021-10-02

Good one

2021-09-04

On Wednesday, the OPEC + meeting will be held soon, with the theme of discussing the increase of crude oil production. At the July meeting, OPEC + agreed to increase the production capacity by 400,000 barrels per day per month from August until the existing production reduction limit of 5.8 million barrels per day is completely terminated, that is, the production reduction will end in September next year.

2021-08-04

Good

抱歉，原内容已删除

2021-08-04

Good

抱歉，原内容已删除

2021-08-04

Yes

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2021-08-03

Hai

Here's Why Square Stock Soared Today<blockquote>这就是Square股票今天飙升的原因</blockquote>

2021-08-02

Hi

抱歉，原内容已删除

2021-08-02

Yes

Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</blockquote>

2021-08-02

Hi

抱歉，原内容已删除

2021-08-02

Hi

抱歉，原内容已删除

2021-07-31

Hi

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2021-07-30

Hi

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2021-07-30

Hi

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2021-07-19

Hi

Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</blockquote>

2021-07-19

Hi

The SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF空头看起来很强劲，但多头有机会</blockquote>

2021-07-14

Hi

抱歉，原内容已删除

2021-07-12

Hi

抱歉，原内容已删除

2021-07-12

Hi

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2021-07-09

Hi

Opinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10家知道如何花钱的公司，这样你就有机会赚到一些</blockquote>

2021-07-09

Hi

抱歉，原内容已删除

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The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.</p><p><blockquote><h2><b>那又怎样</b></h2>Afterpay是“先买后付”服务的领先提供商，全球有超过1600万消费者和近100,000家商家使用。这笔交易对Afterpay的估值约为290亿美元，较其周五收盘价溢价约30%。</blockquote></p><p> The transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.</p><p><blockquote>该交易预计将于2022年第一季度完成，有待监管机构和股东批准。</blockquote></p><p> \"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)在一份新闻稿中表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> <h2><b>Now what</b></h2> Square says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.</p><p><blockquote><h2><b>现在怎么办</b></h2>Square表示，Afterpay可能有助于将其卖家和现金应用业务更紧密地联系在一起。Square希望向其最小的商户客户推出Afterpay的分期付款服务，同时也为Afterpay的消费者提供直接在Cash App中付款的选择。</blockquote></p><p> Installment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.</p><p><blockquote>事实证明，分期付款在疫情期间很受欢迎，尤其是在年轻购物者中。反过来，商家将提供这些支付选项视为促进销售的一种方式。</blockquote></p><p> Square's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.</p><p><blockquote>Square的卖家和现金应用平台已经蓬勃发展。该公司在宣布收购的同时发布了第二季度业绩。Square的卖家和现金应用部门的毛利润分别飙升85%和94%，达到5.85亿美元和5.46亿美元。这帮助Square的净利润提高至2.04亿美元，而去年同期则亏损1100万美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Square Stock Soared Today<blockquote>这就是Square股票今天飙升的原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Square Stock Soared Today<blockquote>这就是Square股票今天飙升的原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-03 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><h2><b>What happened</b></h2> Shares of&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a></b> jumped 10% on Monday, after thefintechgiant struck a deal to acquire Australian installment payments leader&nbsp;<b><a href=\"https://laohu8.com/S/AFTPF\">Afterpay Ltd.</a></b>.</p><p><blockquote><h2><b>发生了什么</b></h2>本公司之股份<b><a href=\"https://laohu8.com/S/SQ\">平方</a></b>金融科技巨头达成收购澳大利亚分期付款领导者的协议后，周一股价上涨10%<b><a href=\"https://laohu8.com/S/AFTPF\">后付有限公司。</a></b>.</blockquote></p><p> <h2><b>So what</b></h2> Afterpay is a leading provider of \"buy now, pay later\" services used by over 16 million consumers and nearly 100,000 merchants worldwide. The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.</p><p><blockquote><h2><b>那又怎样</b></h2>Afterpay是“先买后付”服务的领先提供商，全球有超过1600万消费者和近100,000家商家使用。这笔交易对Afterpay的估值约为290亿美元，较其周五收盘价溢价约30%。</blockquote></p><p> The transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.</p><p><blockquote>该交易预计将于2022年第一季度完成，有待监管机构和股东批准。</blockquote></p><p> \"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)在一份新闻稿中表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> <h2><b>Now what</b></h2> Square says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.</p><p><blockquote><h2><b>现在怎么办</b></h2>Square表示，Afterpay可能有助于将其卖家和现金应用业务更紧密地联系在一起。Square希望向其最小的商户客户推出Afterpay的分期付款服务，同时也为Afterpay的消费者提供直接在Cash App中付款的选择。</blockquote></p><p> Installment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.</p><p><blockquote>事实证明，分期付款在疫情期间很受欢迎，尤其是在年轻购物者中。反过来，商家将提供这些支付选项视为促进销售的一种方式。</blockquote></p><p> Square's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.</p><p><blockquote>Square的卖家和现金应用平台已经蓬勃发展。该公司在宣布收购的同时发布了第二季度业绩。Square的卖家和现金应用部门的毛利润分别飙升85%和94%，达到5.85亿美元和5.46亿美元。这帮助Square的净利润提高至2.04亿美元，而去年同期则亏损1100万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/02/heres-why-square-stock-soared-today/\">The Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/08/02/heres-why-square-stock-soared-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122028715","content_text":"What happened\nShares of Square jumped 10% on Monday, after thefintechgiant struck a deal to acquire Australian installment payments leader Afterpay Ltd..\nSo what\nAfterpay is a leading provider of \"buy now, pay later\" services used by over 16 million consumers and nearly 100,000 merchants worldwide. The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.\nThe transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.\n\"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"\nNow what\nSquare says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.\nInstallment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.\nSquare's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.","news_type":1,"symbols_score_info":{"AFTPF":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805782731,"gmtCreate":1627907241423,"gmtModify":1633755425833,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805782731","repostId":"1180355533","repostType":4,"isVote":1,"tweetType":1,"viewCount":1114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805870139,"gmtCreate":1627872437021,"gmtModify":1633755729774,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805870139","repostId":"2156164154","repostType":4,"repost":{"id":"2156164154","kind":"highlight","pubTimestamp":1627871495,"share":"https://www.laohu8.com/m/news/2156164154?lang=zh_CN&edition=full","pubTime":"2021-08-02 10:31","market":"us","language":"en","title":"Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2156164154","media":"MarketWatch","summary":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a se","content":"<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>收益观察：动视暴雪员工的反抗是该行业在COVID-19大流行期间从有趣的消遣转变为庞大行业的潜在艰难成熟过程的一部分</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街像大多数美国人一样看待电子游戏：一种日常生活中有趣的小消遣，但不需要太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在变化，并在新冠肺炎疫情期间发生了永久性的转变，视频游戏行业在收入和对市场的重要性方面远远超过了好莱坞——依赖游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越严格。视频游戏工作室有时就像产品开发中有趣的小娱乐一样运作，组建小团体，愿意为了寻找大热门而惨遭失败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉动视暴雪法国公司育碧娱乐公司时，这些问题再次浮出水面，描绘了有毒的工作场所文化。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一寻求改变视频游戏行业做法的人。MarketWatch读者可能还记得，动视暴雪今年也面临着股东的反抗。在最近的争议中，动视暴雪投资者(Activision investors)将其股价推至一年多来最糟糕的一周，下跌8.6%，尽管增长强劲，但股价目前仍同比下跌近10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的财报的预期显示，华尔街和员工一样，都在期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，预计这些公司将难以显示去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然Cowen分析师Doug Creutz预计第三季度不会出现大幅下滑，但他在最近的一份报告中警告说，在第二季度的表现之后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“2020年的增长将出现井喷尽管疫苗接种水平不断提高，但就地避难似乎并未逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师还看到了许多游戏玩家提出的同样问题：该行业似乎没有走向任何新的和令人兴奋的方向，续集和翻新产品排在发布日历上，以及增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大，不足以支持强有力的“世俗论点”，克罗伊茨写道。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz表示，VR、AR和其他新技术“是很好的业务，在可预见的未来具有高于GDP的增长前景（假设执行得力），但我们认为没有闪亮的总体论点来带来新资金”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz的Take-评级为跑赢大盘<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">两个</a>周一，动视暴雪周二，EA周三，Zynga周四。寻找未来几个月视频游戏增长可能放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>克罗伊茨写道：“最终，我们认为对公司第三季度趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间在参与度和货币化方面取得的收益实际上相当具有粘性。”。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>COVID-19疫苗销售</b>Moderna Inc.MRNA周四公布了自加入标普500指数SPX以来的首次财报，所有人的目光都将集中在该公司COVID-19疫苗的销售上。辉瑞公司(Pfizer Inc.)报告疫苗销售额约为80亿美元，年销售额有望接近340亿美元。瑞穗证券（Mizuho Securities）分析师表示，辉瑞（Pfizer）确认了寻求美国批准加强注射的计划，同时在最近与美国的一项交易中确认了更高的每次注射价格，从19.50美元提高到24美元。过去一年推动Moderna股价上涨超过377%的投资者将从高管那里寻找类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc.UBER和Lyft Inc.LYFT本周公布了业绩，两家网约车公司的交易价格均低于2019年首次公开募股期间的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州正确纳入新的薪酬做法。投资者将寻找打车领域一些与大流行相关的问题正在缓解的迹象，同时仔细观察Uber为提振其他业务所做的昂贵尝试。</li></ul>要放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司。</b>BABAAmid关于在美国交易所上市的中国股票的未来存在疑问，其中最大的中国股票将于周二上午公布财报。阿里巴巴-SW股价7月份暴跌13.9%，创下两年多来最差月度表现，尽管Raymond James的Aaron Kessler等分析师表示，“我们认为这些新规定大多不会影响阿里巴巴-SW。”预计看涨期权高管周二将解决这些担忧，同时强调该公司的季度业绩，其中包括6月18日在华购物活动。</li></ul>本周财报</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据FactSet的数据，预计本周将有大约148家标普500公司发布财报，而只有一家道琼斯工业平均指数DJIA成分股出现在日历上，即安进公司（Amgen Inc.）。不过，日历上挤满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的Uber、周四的Beyond Meat公司和新分拆的Vimeo Inc.以及周五的DraftKings Inc.DKNG。</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>Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</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\">\nVideogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-02 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>收益观察：动视暴雪员工的反抗是该行业在COVID-19大流行期间从有趣的消遣转变为庞大行业的潜在艰难成熟过程的一部分</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街像大多数美国人一样看待电子游戏：一种日常生活中有趣的小消遣，但不需要太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在变化，并在新冠肺炎疫情期间发生了永久性的转变，视频游戏行业在收入和对市场的重要性方面远远超过了好莱坞——依赖游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越严格。视频游戏工作室有时就像产品开发中有趣的小娱乐一样运作，组建小团体，愿意为了寻找大热门而惨遭失败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉动视暴雪法国公司育碧娱乐公司时，这些问题再次浮出水面，描绘了有毒的工作场所文化。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一寻求改变视频游戏行业做法的人。MarketWatch读者可能还记得，动视暴雪今年也面临着股东的反抗。在最近的争议中，动视暴雪投资者(Activision investors)将其股价推至一年多来最糟糕的一周，下跌8.6%，尽管增长强劲，但股价目前仍同比下跌近10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的财报的预期显示，华尔街和员工一样，都在期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，预计这些公司将难以显示去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然Cowen分析师Doug Creutz预计第三季度不会出现大幅下滑，但他在最近的一份报告中警告说，在第二季度的表现之后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“2020年的增长将出现井喷尽管疫苗接种水平不断提高，但就地避难似乎并未逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师还看到了许多游戏玩家提出的同样问题：该行业似乎没有走向任何新的和令人兴奋的方向，续集和翻新产品排在发布日历上，以及增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大，不足以支持强有力的“世俗论点”，克罗伊茨写道。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz表示，VR、AR和其他新技术“是很好的业务，在可预见的未来具有高于GDP的增长前景（假设执行得力），但我们认为没有闪亮的总体论点来带来新资金”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz的Take-评级为跑赢大盘<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">两个</a>周一，动视暴雪周二，EA周三，Zynga周四。寻找未来几个月视频游戏增长可能放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>克罗伊茨写道：“最终，我们认为对公司第三季度趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间在参与度和货币化方面取得的收益实际上相当具有粘性。”。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>COVID-19疫苗销售</b>Moderna Inc.MRNA周四公布了自加入标普500指数SPX以来的首次财报，所有人的目光都将集中在该公司COVID-19疫苗的销售上。辉瑞公司(Pfizer Inc.)报告疫苗销售额约为80亿美元，年销售额有望接近340亿美元。瑞穗证券（Mizuho Securities）分析师表示，辉瑞（Pfizer）确认了寻求美国批准加强注射的计划，同时在最近与美国的一项交易中确认了更高的每次注射价格，从19.50美元提高到24美元。过去一年推动Moderna股价上涨超过377%的投资者将从高管那里寻找类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc.UBER和Lyft Inc.LYFT本周公布了业绩，两家网约车公司的交易价格均低于2019年首次公开募股期间的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州正确纳入新的薪酬做法。投资者将寻找打车领域一些与大流行相关的问题正在缓解的迹象，同时仔细观察Uber为提振其他业务所做的昂贵尝试。</li></ul>要放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司。</b>BABAAmid关于在美国交易所上市的中国股票的未来存在疑问，其中最大的中国股票将于周二上午公布财报。阿里巴巴-SW股价7月份暴跌13.9%，创下两年多来最差月度表现，尽管Raymond James的Aaron Kessler等分析师表示，“我们认为这些新规定大多不会影响阿里巴巴-SW。”预计看涨期权高管周二将解决这些担忧，同时强调该公司的季度业绩，其中包括6月18日在华购物活动。</li></ul>本周财报</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据FactSet的数据，预计本周将有大约148家标普500公司发布财报，而只有一家道琼斯工业平均指数DJIA成分股出现在日历上，即安进公司（Amgen Inc.）。不过，日历上挤满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的Uber、周四的Beyond Meat公司和新分拆的Vimeo Inc.以及周五的DraftKings Inc.DKNG。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","MRNA":"Moderna, Inc.","09988":"阿里巴巴-W","LYFT":"Lyft, Inc.","UBER":"优步","TTWO":"Take-Two Interactive Software","ATVI":"动视暴雪","EA":"艺电","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156164154","content_text":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nFor decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.\nThe dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.\nWith greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .\nEmployees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.\nExpectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.\nWhile Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"\nAnalysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.\nVR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.\nCreutz has outperform ratings on Take-Two, EA, and Zygna $(ZNGA)$, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-Two on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.\n\"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.\nThe numbers to watch\n\nCOVID-19 vaccine sales. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.\n\n\nRide-hailing recovery.Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.\n\nThe call to put on your calendar\n\nAlibaba Group Holding LTD.BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.\n\nThis week in earnings\nRoughly 148 S&P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc. Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc. Dand fresh spin-off Vimeo Inc. on Thursday, and DraftKings Inc.DKNGon Friday.","news_type":1,"symbols_score_info":{"BABA":0.9,"QNETCN":0.9,"09988":0.9,"EA":0.9,"TTWO":0.9,"LYFT":0.9,"MRNA":0.9,"ATVI":0.9,"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":3005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805844932,"gmtCreate":1627872316426,"gmtModify":1633755731257,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805844932","repostId":"1146276909","repostType":4,"isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805913571,"gmtCreate":1627834531193,"gmtModify":1633756050156,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805913571","repostId":"1122171439","repostType":4,"isVote":1,"tweetType":1,"viewCount":1551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806245467,"gmtCreate":1627660967359,"gmtModify":1633757301199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806245467","repostId":"2155377091","repostType":4,"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806255274,"gmtCreate":1627660108298,"gmtModify":1633757307472,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806255274","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806252961,"gmtCreate":1627660027353,"gmtModify":1633757308627,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/806252961","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171108090,"gmtCreate":1626709792610,"gmtModify":1633924714711,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171108090","repostId":"1184844987","repostType":4,"repost":{"id":"1184844987","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626708855,"share":"https://www.laohu8.com/m/news/1184844987?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:34","market":"us","language":"en","title":"Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184844987","media":"Benzinga","summary":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult a","content":"<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7月19日）这篇只有标题的文章旨在向您展示<b>为什么股票会变动</b>，炒股最难的方面。每天，我们都会在Benzinga Pro上发布数百条头条新闻，这些头条新闻可以在Benzinga Pro上移动您关心的股票，Benzinga Pro是我们的旗舰平台，提供快速、可操作的信息，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas设计直观，可提供强大的市场洞察力，是全球数千名专业和零售交易者的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止在Google上搜索信息并查看Benzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。你将拥有在人群面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" 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>Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</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\">2021-07-19 23:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7月19日）这篇只有标题的文章旨在向您展示<b>为什么股票会变动</b>，炒股最难的方面。每天，我们都会在Benzinga Pro上发布数百条头条新闻，这些头条新闻可以在Benzinga Pro上移动您关心的股票，Benzinga Pro是我们的旗舰平台，提供快速、可操作的信息，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas设计直观，可提供强大的市场洞察力，是全球数千名专业和零售交易者的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止在Google上搜索信息并查看Benzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。你将拥有在人群面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184844987","content_text":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.\nBenzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.\nStop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171109884,"gmtCreate":1626709633248,"gmtModify":1633924716200,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171109884","repostId":"1157946065","repostType":4,"repost":{"id":"1157946065","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626709024,"share":"https://www.laohu8.com/m/news/1157946065?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:37","market":"us","language":"en","title":"The SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF空头看起来很强劲，但多头有机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157946065","media":"Benzinga","summary":"The SPDR S&P 500 ETF (NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on F","content":"<p><b>The SPDR S&amp;P 500 ETF</b>&nbsp;(NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.</p><p><blockquote><b>SPDR标普500 ETF</b>（纽约证券交易所股票代码：SPDR标普500指数ETF）继周五盘中下跌0.78%后，周一上午开盘下跌1.23%。此次抛售归因于COVID-19德尔塔变异毒株的蔓延和通胀担忧的加剧，但下跌可能为看涨交易者提供机会。</blockquote></p><p> On Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"</p><p><blockquote>周五，期权交易员似乎预测周一上午会出现缺口，并购买了价值超过912万美元的看跌SPDR标普500指数ETF看跌合约。许多交易者购买了执行价为430美元、7月21日到期的看跌期权，开盘时“价内”。</blockquote></p><p> Big tech earnings kick off this week with&nbsp;<b>Netflix Inc</b>(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.</p><p><blockquote>大型科技公司财报本周开始<b>Netflix</b>（纳斯达克：NFLX）周二下午发布报告，如果这家流媒体公司超出预期，下跌可能会提供强劲的买入机会。德尔塔变异毒株的蔓延也可能导致美联储暂停缩减购债规模的讨论，这对多头进入第三季度及以后来说是一个好兆头。</blockquote></p><p> For technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.</p><p><blockquote>对于技术交易者来说，无论围绕最近回调的叙述如何，SPDR标普500指数ETF都有值得关注的关键水平。</blockquote></p><p> <b>The SPY Chart:</b>&nbsp;The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.</p><p><blockquote><b>SPDR标普500指数ETF图表：</b>SPDR标普500指数ETF在上周周二和周三创下437.92美元的历史新高时，创造了看跌双顶形态。周五，SPDR标普500指数ETF公布了一个看跌的吞没烛台模式，表明周一价格可能会下跌。吞没烛台模式是由一根蜡烛来识别的，它完全盖过了前面较小的烛台，并且几乎没有或没有上下灯芯。</blockquote></p><p> On Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.</p><p><blockquote>周一上午，SPDR标普500指数ETF开盘略高于425美元关口的关键支撑区，测试该支撑位并反弹。SPDR标普500指数ETF在422.82美元下方还有另一个支撑位，如果SPDR标普500指数ETF失去425美元水平，该支撑位可能会提供支撑。</blockquote></p><p> The SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.</p><p><blockquote>SPDR标普500指数ETF的交易价格均低于8日和21日指数移动平均线(EMA)，这是看跌的，但8日EMA的趋势是高于21日EMA，这是看涨的。这表明短期内犹豫不决。SPDR标普500指数ETF的交易价格远高于200日简单移动平均线，这表明整体情绪对长期前景仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0776e35fc3dd381ce4bc6db6f84308c4\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">There is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.</p><p><blockquote>下方有425.77美元、422.82美元、417.81美元和412美元的支撑。SPDR标普500指数ETF在400美元有心理支撑，尽管该水平尚未受到价格走势的考验。</blockquote></p><p> <b>SPY Price Action:</b>The SPDR S&amp;P 500 was trading down.</p><p><blockquote><b>SPDR标普500指数ETF价格走势：</b>SPDR标普500股价下跌。</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>The SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF空头看起来很强劲，但多头有机会</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF空头看起来很强劲，但多头有机会</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\">2021-07-19 23:37</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>The SPDR S&amp;P 500 ETF</b>&nbsp;(NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.</p><p><blockquote><b>SPDR标普500 ETF</b>（纽约证券交易所股票代码：SPDR标普500指数ETF）继周五盘中下跌0.78%后，周一上午开盘下跌1.23%。此次抛售归因于COVID-19德尔塔变异毒株的蔓延和通胀担忧的加剧，但下跌可能为看涨交易者提供机会。</blockquote></p><p> On Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"</p><p><blockquote>周五，期权交易员似乎预测周一上午会出现缺口，并购买了价值超过912万美元的看跌SPDR标普500指数ETF看跌合约。许多交易者购买了执行价为430美元、7月21日到期的看跌期权，开盘时“价内”。</blockquote></p><p> Big tech earnings kick off this week with&nbsp;<b>Netflix Inc</b>(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.</p><p><blockquote>大型科技公司财报本周开始<b>Netflix</b>（纳斯达克：NFLX）周二下午发布报告，如果这家流媒体公司超出预期，下跌可能会提供强劲的买入机会。德尔塔变异毒株的蔓延也可能导致美联储暂停缩减购债规模的讨论，这对多头进入第三季度及以后来说是一个好兆头。</blockquote></p><p> For technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.</p><p><blockquote>对于技术交易者来说，无论围绕最近回调的叙述如何，SPDR标普500指数ETF都有值得关注的关键水平。</blockquote></p><p> <b>The SPY Chart:</b>&nbsp;The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.</p><p><blockquote><b>SPDR标普500指数ETF图表：</b>SPDR标普500指数ETF在上周周二和周三创下437.92美元的历史新高时，创造了看跌双顶形态。周五，SPDR标普500指数ETF公布了一个看跌的吞没烛台模式，表明周一价格可能会下跌。吞没烛台模式是由一根蜡烛来识别的，它完全盖过了前面较小的烛台，并且几乎没有或没有上下灯芯。</blockquote></p><p> On Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.</p><p><blockquote>周一上午，SPDR标普500指数ETF开盘略高于425美元关口的关键支撑区，测试该支撑位并反弹。SPDR标普500指数ETF在422.82美元下方还有另一个支撑位，如果SPDR标普500指数ETF失去425美元水平，该支撑位可能会提供支撑。</blockquote></p><p> The SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.</p><p><blockquote>SPDR标普500指数ETF的交易价格均低于8日和21日指数移动平均线(EMA)，这是看跌的，但8日EMA的趋势是高于21日EMA，这是看涨的。这表明短期内犹豫不决。SPDR标普500指数ETF的交易价格远高于200日简单移动平均线，这表明整体情绪对长期前景仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0776e35fc3dd381ce4bc6db6f84308c4\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">There is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.</p><p><blockquote>下方有425.77美元、422.82美元、417.81美元和412美元的支撑。SPDR标普500指数ETF在400美元有心理支撑，尽管该水平尚未受到价格走势的考验。</blockquote></p><p> <b>SPY Price Action:</b>The SPDR S&amp;P 500 was trading down.</p><p><blockquote><b>SPDR标普500指数ETF价格走势：</b>SPDR标普500股价下跌。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157946065","content_text":"The SPDR S&P 500 ETF (NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.\nOn Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"\nBig tech earnings kick off this week with Netflix Inc(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.\nFor technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.\nThe SPY Chart: The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.\nOn Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.\nThe SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.\nThere is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.\nSPY Price Action:The SPDR S&P 500 was trading down.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144699832,"gmtCreate":1626277948026,"gmtModify":1633928303208,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144699832","repostId":"1140509225","repostType":4,"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146791284,"gmtCreate":1626098610648,"gmtModify":1633930145600,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/146791284","repostId":"1146782773","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146353000,"gmtCreate":1626055193800,"gmtModify":1633930596849,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146353000","repostId":"1152788566","repostType":4,"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143561098,"gmtCreate":1625802412014,"gmtModify":1633937160123,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143561098","repostId":"1135632463","repostType":4,"repost":{"id":"1135632463","kind":"news","pubTimestamp":1625800249,"share":"https://www.laohu8.com/m/news/1135632463?lang=zh_CN&edition=full","pubTime":"2021-07-09 11:10","market":"us","language":"en","title":"Opinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10家知道如何花钱的公司，这样你就有机会赚到一些</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135632463","media":"Market Wacth","summary":"Share buybacks can add value to all corporate constituents — shareholders, employees and customers\nS","content":"<p>Share buybacks can add value to all corporate constituents — shareholders, employees and customers</p><p><blockquote>股票回购可以为所有公司成分（股东、员工和客户）增加价值</blockquote></p><p> Share buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.&nbsp; By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.</p><p><blockquote>股票回购的争议令人惊讶。股票回购是指公司回购自己的股票，从而减少其已发行股票。通过减少股票数量，回购有效地将更大一部分公司资本分配给剩余投资者。例如，每股收益增加。</blockquote></p><p> Share buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.</p><p><blockquote>当资本配置遵循两条规则时，股票回购可以为所有公司成分（股东、员工、客户）增加价值。一：在公司进行再投资以维持或提高当前业务的盈利能力（无论是有机还是通过收购）后，用多余的现金进行回购。<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>：只有在股价低于商业价值的情况下才能进行回购——一家公司为任何东西（包括自己的股票）支付过高的价格，就会破坏公司价值。</blockquote></p><p> Some critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.&nbsp; But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).</p><p><blockquote>一些批评者出于错误的原因抗议回购。他们抱怨说，当员工应该加薪、客户应该降价时，他们会将公司现金转移给股东。但这忽略了一条规则：任何公司及其所有长期股东，尤其是构建高质量股票选择性投资组合的选股者（称为优质股东），都对此深恶痛绝。</blockquote></p><p> There are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule <a href=\"https://laohu8.com/S/TWOA\">Two</a>: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.</p><p><blockquote>将现金转移到股票回购上的潜在受益者只有两种。第一类是不关心规则的临时（短期）股东<a href=\"https://laohu8.com/S/TWOA\">两个</a>：他们乐于以虚高的价格套现，即使在此过程中公司破坏了剩余股东、员工和客户的价值。第二种是不关心这两条规则的经理，因为他们的薪酬与当前股价或当前每股收益密切相关。</blockquote></p><p> Faithful managerial stewards who adhere to buyback Rules One and <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay <a href=\"https://laohu8.com/S/GHC\">Graham</a> of The <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> Co., Larry Tisch of <a href=\"https://laohu8.com/S/L\">Loews</a> Corporation, and Henry Singleton of <a href=\"https://laohu8.com/S/TDY\">Teledyne</a>. All ran decades-long,&nbsp;on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.</p><p><blockquote>遵守回购规则一和<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>但是，为所有公司选区增加价值。自20世纪70年代以来的几十年里，有史以来最优秀的三位公司经理开创并完善了股票回购计划的正确执行：凯<a href=\"https://laohu8.com/S/GHC\">格雷厄姆</a>的<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a><a href=\"https://laohu8.com/S/POST\">张贴</a>公司，拉里·蒂施<a href=\"https://laohu8.com/S/L\">洛伊斯</a>公司和亨利·辛格尔顿<a href=\"https://laohu8.com/S/TDY\">Teledyne</a>所有这些公司都根据这些原则实施了长达数十年的断断续续的回购计划——只有在价格较低且没有更好的现金用途时才购买。</blockquote></p><p> These managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.</p><p><blockquote>这些管理巨头在当今的企业领导人中有一些明确的继任者。在近年来活跃的企业回购者中，与短暂持有股票的临时股东和不加区别地持有股票的指数公司相比，以下公司拥有高质量的长期股东基础。</blockquote></p><p> AdobeADBE,+0.03%</p><p><blockquote>AdobeADBE,+0.03%</blockquote></p><p> AssurantAIZ,-1.67%</p><p><blockquote>保险IZ,-1.67%</blockquote></p><p> Bank of <a href=\"https://laohu8.com/S/NWY\">New York</a> MellonBK,-2.30%</p><p><blockquote>银行<a href=\"https://laohu8.com/S/NWY\">纽约</a>梅隆BK,-2.30%</blockquote></p><p> CDWCDW,-1.12%</p><p><blockquote>CDWCDW,-1.12%</blockquote></p><p> Deckers OutdoorDECK,-1.76%</p><p><blockquote>Deckers户外甲板，-1.76%</blockquote></p><p> <a href=\"https://laohu8.com/S/HBCP\">Home</a> DepotHD,-1.53%</p><p><blockquote><a href=\"https://laohu8.com/S/HBCP\">家</a>仓库HD,-1.53%</blockquote></p><p> O’Reilly AutomotiveORLY,-0.61%</p><p><blockquote>奥莱利汽车ORLY,-0.61%</blockquote></p><p> NVRNVR,-2.87%</p><p><blockquote>NVRNVR,-2.87%</blockquote></p><p> $Sherwin-<a href=\"https://laohu8.com/S/WMB\">Williams</a>(SHW)$SHW,-1.56%</p><p><blockquote>$舍温-<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>(SHW)$SHW,-1.56%</blockquote></p><p> WalmartWMT,-0.09%</p><p><blockquote>沃尔玛WMT,-0.09%</blockquote></p><p> <b>O’Reilly</b>&nbsp;is an auto parts retailer serving both professional and amateur mechanics.&nbsp; Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg <a href=\"https://laohu8.com/S/00179\">Johnson</a>, who has been with the company since 2001.&nbsp;The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.</p><p><blockquote><b>奥赖利</b>是一家汽车零部件零售商，为专业和业余机械师提供服务。该公司由O’Reilly家族于1957年创立，经营着约5,600家商店，年收入约100亿美元。自1993年首次公开募股以来，它一直保持着浓厚的员工持股文化。自2018年以来的现任首席执行官是格雷格<a href=\"https://laohu8.com/S/00179\">约翰逊</a>，他自2001年以来一直在该公司工作。商业模式很简单：购买新店并增加所有商店的销售额。其结果是二十年来的稳定增长，每两三年就有一次重大收购，复合年增长率为19%。该公司提供客户需要的产品和服务，并稳步增加新员工。竞争优势包括规模经济。</blockquote></p><p> Company strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.&nbsp; The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>公司优势包括强调回购的资本配置。在将资本用于再投资和收购的主要用途后，许多公司采取股息和回购相结合的方式。而不是奥莱利，它跳过股息，直接进行有纪律的机会主义回购：当价格远低于价值时。其效果是在低市盈率时提高市盈率，在高市盈率时帮助稳定市盈率。这种做法反映了审慎的资本配置，增加了股东的每股价值，并总体上保持了更理性的股价。自2011年以来，O’Reilly一直维持着这一断断续续的回购计划。QSs包括Akre Capital、Edge Point Investment Group和<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>.</blockquote></p><p></p><p> <b>CDW</b>, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is <a href=\"https://laohu8.com/S/01210\">Christine</a> A. Leahy, who has been with CDW since 2002.</p><p><blockquote><b>CDW</b>该公司是集成IT解决方案的全球领导者，年收入接近200亿美元，其不太可能的起源可以追溯到1984年一则出售二手电脑和打印机的报纸广告。该公司以客户为中心的业务模式将自己定位为客户IT员工的延伸，以帮助获得大量技术解决方案。它以合作伙伴的身份向供应商展示自己，为获得庞大的客户群提供便利。自2007年被私募股权收购后，该公司自2013年起上市，收入和收益稳步增长，无论是有机增长还是收购，都有持续增长的强劲跑道。竞争优势包括巨大的规模和范围以及绩效驱动的文化。自2018年以来的现任首席执行官是<a href=\"https://laohu8.com/S/01210\">克里斯汀</a>A.莱希，自2002年以来一直在CDW工作。</blockquote></p><p> The company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, <a href=\"https://laohu8.com/S/LAZ\">Lazard</a>, Mawer Investment Management, Neuberger Berman, <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>, Wedgewood Partners, and Wellington.</p><p><blockquote>该公司采用经典的方法来合理配置资本：明确说明优先事项，包括再投资和收购；目标是稳定增加年度股息，并通过回购返还多余的自由现金流。回购计划显然是机会主义的，并反映了不同时期的相关价格波动。CDW拥有最优质的股东基础。QSs包括Alliance Bernstein、Bessemer、Fenimore Asset Management、<a href=\"https://laohu8.com/S/LAZ\">拉扎德</a>、Mawer投资管理公司、Neuberger Berman、<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>韦奇伍德合伙公司和惠灵顿。</blockquote></p><p> <b>NVR</b>&nbsp;is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and <a href=\"https://laohu8.com/S/HTLD\">Heartland</a> Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it&nbsp; serves.</p><p><blockquote><b>NVR</b>是一家地区性住宅建筑商和抵押贷款银行家，年收入约为60亿美元。该公司成立于1980年，在经济衰退导致破产后于1993年上市，品牌包括为首次购房者提供服务的Ryan Homes以及NV Homes和<a href=\"https://laohu8.com/S/HTLD\">心脏地带</a>住宅，包括高端房产。这种商业模式避免了成本高、风险高的土地开发项目，而是倾向于在从开发商处获得的单个地块上建造预售房屋，以最大限度地降低建筑商风险。除了这种保守的策略外，NVR的竞争优势还包括与其所服务市场的开发商和房地产专业人士的关系。</blockquote></p><p> The current CEO is Paul Seville, in the role since 2005, making him <a href=\"https://laohu8.com/S/AONE\">one</a> of the&nbsp;more seasoned of today’s top executives.&nbsp;NVR has long boasted the highest listed stock price other than <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond <a href=\"https://laohu8.com/S/HIL\">Hill</a> Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>现任首席执行官是保罗·塞维利亚(Paul Seville)，自2005年起担任该职务，使他<a href=\"https://laohu8.com/S/AONE\">一</a>当今经验丰富的高管。NVR长期以来一直拥有除<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>.NVR的股票回购计划可以追溯到1994年，被认为是同类计划中最一致和最专注的计划之一。目前的QS包括Broad Run、Capital Group、Diamond<a href=\"https://laohu8.com/S/HIL\">山丘</a>资本、Ensemble Capital、Giverny Capital、Smead Capital、Wellington和<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>.</blockquote></p><p> Share buybacks are only controversial because they can be misused. Done right, they are wins all around.&nbsp; Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.</p><p><blockquote>股票回购之所以有争议，只是因为它们可能被滥用。如果做得好，他们会赢得一切。幸运的是，美国企业界仍然有一些理解这一点的伟大管理者，以及许多欣赏他们的优质股东。</blockquote></p><p></p>","source":"lsy1604288433698","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>Opinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10家知道如何花钱的公司，这样你就有机会赚到一些</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\">\nOpinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10家知道如何花钱的公司，这样你就有机会赚到一些</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-07-09 11:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Share buybacks can add value to all corporate constituents — shareholders, employees and customers</p><p><blockquote>股票回购可以为所有公司成分（股东、员工和客户）增加价值</blockquote></p><p> Share buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.&nbsp; By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.</p><p><blockquote>股票回购的争议令人惊讶。股票回购是指公司回购自己的股票，从而减少其已发行股票。通过减少股票数量，回购有效地将更大一部分公司资本分配给剩余投资者。例如，每股收益增加。</blockquote></p><p> Share buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.</p><p><blockquote>当资本配置遵循两条规则时，股票回购可以为所有公司成分（股东、员工、客户）增加价值。一：在公司进行再投资以维持或提高当前业务的盈利能力（无论是有机还是通过收购）后，用多余的现金进行回购。<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>：只有在股价低于商业价值的情况下才能进行回购——一家公司为任何东西（包括自己的股票）支付过高的价格，就会破坏公司价值。</blockquote></p><p> Some critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.&nbsp; But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).</p><p><blockquote>一些批评者出于错误的原因抗议回购。他们抱怨说，当员工应该加薪、客户应该降价时，他们会将公司现金转移给股东。但这忽略了一条规则：任何公司及其所有长期股东，尤其是构建高质量股票选择性投资组合的选股者（称为优质股东），都对此深恶痛绝。</blockquote></p><p> There are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule <a href=\"https://laohu8.com/S/TWOA\">Two</a>: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.</p><p><blockquote>将现金转移到股票回购上的潜在受益者只有两种。第一类是不关心规则的临时（短期）股东<a href=\"https://laohu8.com/S/TWOA\">两个</a>：他们乐于以虚高的价格套现，即使在此过程中公司破坏了剩余股东、员工和客户的价值。第二种是不关心这两条规则的经理，因为他们的薪酬与当前股价或当前每股收益密切相关。</blockquote></p><p> Faithful managerial stewards who adhere to buyback Rules One and <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay <a href=\"https://laohu8.com/S/GHC\">Graham</a> of The <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> Co., Larry Tisch of <a href=\"https://laohu8.com/S/L\">Loews</a> Corporation, and Henry Singleton of <a href=\"https://laohu8.com/S/TDY\">Teledyne</a>. All ran decades-long,&nbsp;on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.</p><p><blockquote>遵守回购规则一和<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>但是，为所有公司选区增加价值。自20世纪70年代以来的几十年里，有史以来最优秀的三位公司经理开创并完善了股票回购计划的正确执行：凯<a href=\"https://laohu8.com/S/GHC\">格雷厄姆</a>的<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a><a href=\"https://laohu8.com/S/POST\">张贴</a>公司，拉里·蒂施<a href=\"https://laohu8.com/S/L\">洛伊斯</a>公司和亨利·辛格尔顿<a href=\"https://laohu8.com/S/TDY\">Teledyne</a>所有这些公司都根据这些原则实施了长达数十年的断断续续的回购计划——只有在价格较低且没有更好的现金用途时才购买。</blockquote></p><p> These managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.</p><p><blockquote>这些管理巨头在当今的企业领导人中有一些明确的继任者。在近年来活跃的企业回购者中，与短暂持有股票的临时股东和不加区别地持有股票的指数公司相比，以下公司拥有高质量的长期股东基础。</blockquote></p><p> AdobeADBE,+0.03%</p><p><blockquote>AdobeADBE,+0.03%</blockquote></p><p> AssurantAIZ,-1.67%</p><p><blockquote>保险IZ,-1.67%</blockquote></p><p> Bank of <a href=\"https://laohu8.com/S/NWY\">New York</a> MellonBK,-2.30%</p><p><blockquote>银行<a href=\"https://laohu8.com/S/NWY\">纽约</a>梅隆BK,-2.30%</blockquote></p><p> CDWCDW,-1.12%</p><p><blockquote>CDWCDW,-1.12%</blockquote></p><p> Deckers OutdoorDECK,-1.76%</p><p><blockquote>Deckers户外甲板，-1.76%</blockquote></p><p> <a href=\"https://laohu8.com/S/HBCP\">Home</a> DepotHD,-1.53%</p><p><blockquote><a href=\"https://laohu8.com/S/HBCP\">家</a>仓库HD,-1.53%</blockquote></p><p> O’Reilly AutomotiveORLY,-0.61%</p><p><blockquote>奥莱利汽车ORLY,-0.61%</blockquote></p><p> NVRNVR,-2.87%</p><p><blockquote>NVRNVR,-2.87%</blockquote></p><p> $Sherwin-<a href=\"https://laohu8.com/S/WMB\">Williams</a>(SHW)$SHW,-1.56%</p><p><blockquote>$舍温-<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>(SHW)$SHW,-1.56%</blockquote></p><p> WalmartWMT,-0.09%</p><p><blockquote>沃尔玛WMT,-0.09%</blockquote></p><p> <b>O’Reilly</b>&nbsp;is an auto parts retailer serving both professional and amateur mechanics.&nbsp; Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg <a href=\"https://laohu8.com/S/00179\">Johnson</a>, who has been with the company since 2001.&nbsp;The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.</p><p><blockquote><b>奥赖利</b>是一家汽车零部件零售商，为专业和业余机械师提供服务。该公司由O’Reilly家族于1957年创立，经营着约5,600家商店，年收入约100亿美元。自1993年首次公开募股以来，它一直保持着浓厚的员工持股文化。自2018年以来的现任首席执行官是格雷格<a href=\"https://laohu8.com/S/00179\">约翰逊</a>，他自2001年以来一直在该公司工作。商业模式很简单：购买新店并增加所有商店的销售额。其结果是二十年来的稳定增长，每两三年就有一次重大收购，复合年增长率为19%。该公司提供客户需要的产品和服务，并稳步增加新员工。竞争优势包括规模经济。</blockquote></p><p> Company strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.&nbsp; The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>公司优势包括强调回购的资本配置。在将资本用于再投资和收购的主要用途后，许多公司采取股息和回购相结合的方式。而不是奥莱利，它跳过股息，直接进行有纪律的机会主义回购：当价格远低于价值时。其效果是在低市盈率时提高市盈率，在高市盈率时帮助稳定市盈率。这种做法反映了审慎的资本配置，增加了股东的每股价值，并总体上保持了更理性的股价。自2011年以来，O’Reilly一直维持着这一断断续续的回购计划。QSs包括Akre Capital、Edge Point Investment Group和<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>.</blockquote></p><p></p><p> <b>CDW</b>, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is <a href=\"https://laohu8.com/S/01210\">Christine</a> A. Leahy, who has been with CDW since 2002.</p><p><blockquote><b>CDW</b>该公司是集成IT解决方案的全球领导者，年收入接近200亿美元，其不太可能的起源可以追溯到1984年一则出售二手电脑和打印机的报纸广告。该公司以客户为中心的业务模式将自己定位为客户IT员工的延伸，以帮助获得大量技术解决方案。它以合作伙伴的身份向供应商展示自己，为获得庞大的客户群提供便利。自2007年被私募股权收购后，该公司自2013年起上市，收入和收益稳步增长，无论是有机增长还是收购，都有持续增长的强劲跑道。竞争优势包括巨大的规模和范围以及绩效驱动的文化。自2018年以来的现任首席执行官是<a href=\"https://laohu8.com/S/01210\">克里斯汀</a>A.莱希，自2002年以来一直在CDW工作。</blockquote></p><p> The company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, <a href=\"https://laohu8.com/S/LAZ\">Lazard</a>, Mawer Investment Management, Neuberger Berman, <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>, Wedgewood Partners, and Wellington.</p><p><blockquote>该公司采用经典的方法来合理配置资本：明确说明优先事项，包括再投资和收购；目标是稳定增加年度股息，并通过回购返还多余的自由现金流。回购计划显然是机会主义的，并反映了不同时期的相关价格波动。CDW拥有最优质的股东基础。QSs包括Alliance Bernstein、Bessemer、Fenimore Asset Management、<a href=\"https://laohu8.com/S/LAZ\">拉扎德</a>、Mawer投资管理公司、Neuberger Berman、<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>韦奇伍德合伙公司和惠灵顿。</blockquote></p><p> <b>NVR</b>&nbsp;is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and <a href=\"https://laohu8.com/S/HTLD\">Heartland</a> Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it&nbsp; serves.</p><p><blockquote><b>NVR</b>是一家地区性住宅建筑商和抵押贷款银行家，年收入约为60亿美元。该公司成立于1980年，在经济衰退导致破产后于1993年上市，品牌包括为首次购房者提供服务的Ryan Homes以及NV Homes和<a href=\"https://laohu8.com/S/HTLD\">心脏地带</a>住宅，包括高端房产。这种商业模式避免了成本高、风险高的土地开发项目，而是倾向于在从开发商处获得的单个地块上建造预售房屋，以最大限度地降低建筑商风险。除了这种保守的策略外，NVR的竞争优势还包括与其所服务市场的开发商和房地产专业人士的关系。</blockquote></p><p> The current CEO is Paul Seville, in the role since 2005, making him <a href=\"https://laohu8.com/S/AONE\">one</a> of the&nbsp;more seasoned of today’s top executives.&nbsp;NVR has long boasted the highest listed stock price other than <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond <a href=\"https://laohu8.com/S/HIL\">Hill</a> Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>现任首席执行官是保罗·塞维利亚(Paul Seville)，自2005年起担任该职务，使他<a href=\"https://laohu8.com/S/AONE\">一</a>当今经验丰富的高管。NVR长期以来一直拥有除<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>.NVR的股票回购计划可以追溯到1994年，被认为是同类计划中最一致和最专注的计划之一。目前的QS包括Broad Run、Capital Group、Diamond<a href=\"https://laohu8.com/S/HIL\">山丘</a>资本、Ensemble Capital、Giverny Capital、Smead Capital、Wellington和<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>.</blockquote></p><p> Share buybacks are only controversial because they can be misused. Done right, they are wins all around.&nbsp; Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.</p><p><blockquote>股票回购之所以有争议，只是因为它们可能被滥用。如果做得好，他们会赢得一切。幸运的是，美国企业界仍然有一些理解这一点的伟大管理者，以及许多欣赏他们的优质股东。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/10-companies-that-know-how-to-spend-money-so-you-have-a-chance-to-make-some-11625766546?mod=home-page\">Market Wacth</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/10-companies-that-know-how-to-spend-money-so-you-have-a-chance-to-make-some-11625766546?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135632463","content_text":"Share buybacks can add value to all corporate constituents — shareholders, employees and customers\nShare buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.  By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.\nShare buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. Two: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.\nSome critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.  But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).\nThere are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule Two: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.\nFaithful managerial stewards who adhere to buyback Rules One and Two, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay Graham of The Washington Post Co., Larry Tisch of Loews Corporation, and Henry Singleton of Teledyne. All ran decades-long, on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.\nThese managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.\nAdobeADBE,+0.03%\nAssurantAIZ,-1.67%\nBank of New York MellonBK,-2.30%\nCDWCDW,-1.12%\nDeckers OutdoorDECK,-1.76%\nHome DepotHD,-1.53%\nO’Reilly AutomotiveORLY,-0.61%\nNVRNVR,-2.87%\n$Sherwin-Williams(SHW)$SHW,-1.56%\nWalmartWMT,-0.09%\nO’Reilly is an auto parts retailer serving both professional and amateur mechanics.  Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg Johnson, who has been with the company since 2001. The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.\nCompany strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.  The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and T. Rowe Price.\nCDW, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is Christine A. Leahy, who has been with CDW since 2002.\nThe company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, Lazard, Mawer Investment Management, Neuberger Berman, T. Rowe Price, Wedgewood Partners, and Wellington.\nNVR is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and Heartland Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it  serves.\nThe current CEO is Paul Seville, in the role since 2005, making him one of the more seasoned of today’s top executives. NVR has long boasted the highest listed stock price other than Berkshire Hathaway. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond Hill Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and T. Rowe Price.\nShare buybacks are only controversial because they can be misused. Done right, they are wins all around.  Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143560090,"gmtCreate":1625802247210,"gmtModify":1633937162199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143560090","repostId":"1192570348","repostType":4,"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":807150935,"gmtCreate":1628009213127,"gmtModify":1633754411415,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807150935","repostId":"1127822150","repostType":4,"isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146791284,"gmtCreate":1626098610648,"gmtModify":1633930145600,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/146791284","repostId":"1146782773","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807409482,"gmtCreate":1628047039446,"gmtModify":1633754058951,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807409482","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806252961,"gmtCreate":1627660027353,"gmtModify":1633757308627,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/806252961","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171108090,"gmtCreate":1626709792610,"gmtModify":1633924714711,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171108090","repostId":"1184844987","repostType":4,"repost":{"id":"1184844987","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626708855,"share":"https://www.laohu8.com/m/news/1184844987?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:34","market":"us","language":"en","title":"Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184844987","media":"Benzinga","summary":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult a","content":"<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7月19日）这篇只有标题的文章旨在向您展示<b>为什么股票会变动</b>，炒股最难的方面。每天，我们都会在Benzinga Pro上发布数百条头条新闻，这些头条新闻可以在Benzinga Pro上移动您关心的股票，Benzinga Pro是我们的旗舰平台，提供快速、可操作的信息，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas设计直观，可提供强大的市场洞察力，是全球数千名专业和零售交易者的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止在Google上搜索信息并查看Benzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。你将拥有在人群面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" 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>Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>由于对COVID-19的新担忧提振了一些留在家中的股票，Peloton股价走高</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\">2021-07-19 23:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7月19日）这篇只有标题的文章旨在向您展示<b>为什么股票会变动</b>，炒股最难的方面。每天，我们都会在Benzinga Pro上发布数百条头条新闻，这些头条新闻可以在Benzinga Pro上移动您关心的股票，Benzinga Pro是我们的旗舰平台，提供快速、可操作的信息，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas设计直观，可提供强大的市场洞察力，是全球数千名专业和零售交易者的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止在Google上搜索信息并查看Benzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。你将拥有在人群面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184844987","content_text":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.\nBenzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.\nStop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144699832,"gmtCreate":1626277948026,"gmtModify":1633928303208,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144699832","repostId":"1140509225","repostType":4,"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805870139,"gmtCreate":1627872437021,"gmtModify":1633755729774,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805870139","repostId":"2156164154","repostType":4,"repost":{"id":"2156164154","kind":"highlight","pubTimestamp":1627871495,"share":"https://www.laohu8.com/m/news/2156164154?lang=zh_CN&edition=full","pubTime":"2021-08-02 10:31","market":"us","language":"en","title":"Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2156164154","media":"MarketWatch","summary":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a se","content":"<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>收益观察：动视暴雪员工的反抗是该行业在COVID-19大流行期间从有趣的消遣转变为庞大行业的潜在艰难成熟过程的一部分</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街像大多数美国人一样看待电子游戏：一种日常生活中有趣的小消遣，但不需要太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在变化，并在新冠肺炎疫情期间发生了永久性的转变，视频游戏行业在收入和对市场的重要性方面远远超过了好莱坞——依赖游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越严格。视频游戏工作室有时就像产品开发中有趣的小娱乐一样运作，组建小团体，愿意为了寻找大热门而惨遭失败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉动视暴雪法国公司育碧娱乐公司时，这些问题再次浮出水面，描绘了有毒的工作场所文化。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一寻求改变视频游戏行业做法的人。MarketWatch读者可能还记得，动视暴雪今年也面临着股东的反抗。在最近的争议中，动视暴雪投资者(Activision investors)将其股价推至一年多来最糟糕的一周，下跌8.6%，尽管增长强劲，但股价目前仍同比下跌近10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的财报的预期显示，华尔街和员工一样，都在期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，预计这些公司将难以显示去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然Cowen分析师Doug Creutz预计第三季度不会出现大幅下滑，但他在最近的一份报告中警告说，在第二季度的表现之后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“2020年的增长将出现井喷尽管疫苗接种水平不断提高，但就地避难似乎并未逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师还看到了许多游戏玩家提出的同样问题：该行业似乎没有走向任何新的和令人兴奋的方向，续集和翻新产品排在发布日历上，以及增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大，不足以支持强有力的“世俗论点”，克罗伊茨写道。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz表示，VR、AR和其他新技术“是很好的业务，在可预见的未来具有高于GDP的增长前景（假设执行得力），但我们认为没有闪亮的总体论点来带来新资金”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz的Take-评级为跑赢大盘<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">两个</a>周一，动视暴雪周二，EA周三，Zynga周四。寻找未来几个月视频游戏增长可能放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>克罗伊茨写道：“最终，我们认为对公司第三季度趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间在参与度和货币化方面取得的收益实际上相当具有粘性。”。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>COVID-19疫苗销售</b>Moderna Inc.MRNA周四公布了自加入标普500指数SPX以来的首次财报，所有人的目光都将集中在该公司COVID-19疫苗的销售上。辉瑞公司(Pfizer Inc.)报告疫苗销售额约为80亿美元，年销售额有望接近340亿美元。瑞穗证券（Mizuho Securities）分析师表示，辉瑞（Pfizer）确认了寻求美国批准加强注射的计划，同时在最近与美国的一项交易中确认了更高的每次注射价格，从19.50美元提高到24美元。过去一年推动Moderna股价上涨超过377%的投资者将从高管那里寻找类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc.UBER和Lyft Inc.LYFT本周公布了业绩，两家网约车公司的交易价格均低于2019年首次公开募股期间的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州正确纳入新的薪酬做法。投资者将寻找打车领域一些与大流行相关的问题正在缓解的迹象，同时仔细观察Uber为提振其他业务所做的昂贵尝试。</li></ul>要放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司。</b>BABAAmid关于在美国交易所上市的中国股票的未来存在疑问，其中最大的中国股票将于周二上午公布财报。阿里巴巴-SW股价7月份暴跌13.9%，创下两年多来最差月度表现，尽管Raymond James的Aaron Kessler等分析师表示，“我们认为这些新规定大多不会影响阿里巴巴-SW。”预计看涨期权高管周二将解决这些担忧，同时强调该公司的季度业绩，其中包括6月18日在华购物活动。</li></ul>本周财报</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据FactSet的数据，预计本周将有大约148家标普500公司发布财报，而只有一家道琼斯工业平均指数DJIA成分股出现在日历上，即安进公司（Amgen Inc.）。不过，日历上挤满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的Uber、周四的Beyond Meat公司和新分拆的Vimeo Inc.以及周五的DraftKings Inc.DKNG。</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>Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</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\">\nVideogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情期间成为主流，但该行业面临艰难转型</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-02 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>收益观察：动视暴雪员工的反抗是该行业在COVID-19大流行期间从有趣的消遣转变为庞大行业的潜在艰难成熟过程的一部分</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街像大多数美国人一样看待电子游戏：一种日常生活中有趣的小消遣，但不需要太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在变化，并在新冠肺炎疫情期间发生了永久性的转变，视频游戏行业在收入和对市场的重要性方面远远超过了好莱坞——依赖游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越严格。视频游戏工作室有时就像产品开发中有趣的小娱乐一样运作，组建小团体，愿意为了寻找大热门而惨遭失败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉动视暴雪法国公司育碧娱乐公司时，这些问题再次浮出水面，描绘了有毒的工作场所文化。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一寻求改变视频游戏行业做法的人。MarketWatch读者可能还记得，动视暴雪今年也面临着股东的反抗。在最近的争议中，动视暴雪投资者(Activision investors)将其股价推至一年多来最糟糕的一周，下跌8.6%，尽管增长强劲，但股价目前仍同比下跌近10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的财报的预期显示，华尔街和员工一样，都在期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，预计这些公司将难以显示去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然Cowen分析师Doug Creutz预计第三季度不会出现大幅下滑，但他在最近的一份报告中警告说，在第二季度的表现之后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“2020年的增长将出现井喷尽管疫苗接种水平不断提高，但就地避难似乎并未逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师还看到了许多游戏玩家提出的同样问题：该行业似乎没有走向任何新的和令人兴奋的方向，续集和翻新产品排在发布日历上，以及增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大，不足以支持强有力的“世俗论点”，克罗伊茨写道。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz表示，VR、AR和其他新技术“是很好的业务，在可预见的未来具有高于GDP的增长前景（假设执行得力），但我们认为没有闪亮的总体论点来带来新资金”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz的Take-评级为跑赢大盘<a href=\"https://laohu8.com/S/TWOA.U\">两个</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">两个</a>周一，动视暴雪周二，EA周三，Zynga周四。寻找未来几个月视频游戏增长可能放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>克罗伊茨写道：“最终，我们认为对公司第三季度趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间在参与度和货币化方面取得的收益实际上相当具有粘性。”。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>COVID-19疫苗销售</b>Moderna Inc.MRNA周四公布了自加入标普500指数SPX以来的首次财报，所有人的目光都将集中在该公司COVID-19疫苗的销售上。辉瑞公司(Pfizer Inc.)报告疫苗销售额约为80亿美元，年销售额有望接近340亿美元。瑞穗证券（Mizuho Securities）分析师表示，辉瑞（Pfizer）确认了寻求美国批准加强注射的计划，同时在最近与美国的一项交易中确认了更高的每次注射价格，从19.50美元提高到24美元。过去一年推动Moderna股价上涨超过377%的投资者将从高管那里寻找类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc.UBER和Lyft Inc.LYFT本周公布了业绩，两家网约车公司的交易价格均低于2019年首次公开募股期间的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州正确纳入新的薪酬做法。投资者将寻找打车领域一些与大流行相关的问题正在缓解的迹象，同时仔细观察Uber为提振其他业务所做的昂贵尝试。</li></ul>要放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司。</b>BABAAmid关于在美国交易所上市的中国股票的未来存在疑问，其中最大的中国股票将于周二上午公布财报。阿里巴巴-SW股价7月份暴跌13.9%，创下两年多来最差月度表现，尽管Raymond James的Aaron Kessler等分析师表示，“我们认为这些新规定大多不会影响阿里巴巴-SW。”预计看涨期权高管周二将解决这些担忧，同时强调该公司的季度业绩，其中包括6月18日在华购物活动。</li></ul>本周财报</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据FactSet的数据，预计本周将有大约148家标普500公司发布财报，而只有一家道琼斯工业平均指数DJIA成分股出现在日历上，即安进公司（Amgen Inc.）。不过，日历上挤满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的Uber、周四的Beyond Meat公司和新分拆的Vimeo Inc.以及周五的DraftKings Inc.DKNG。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","MRNA":"Moderna, Inc.","09988":"阿里巴巴-W","LYFT":"Lyft, Inc.","UBER":"优步","TTWO":"Take-Two Interactive Software","ATVI":"动视暴雪","EA":"艺电","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156164154","content_text":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nFor decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.\nThe dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.\nWith greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .\nEmployees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.\nExpectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.\nWhile Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"\nAnalysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.\nVR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.\nCreutz has outperform ratings on Take-Two, EA, and Zygna $(ZNGA)$, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-Two on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.\n\"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.\nThe numbers to watch\n\nCOVID-19 vaccine sales. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.\n\n\nRide-hailing recovery.Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.\n\nThe call to put on your calendar\n\nAlibaba Group Holding LTD.BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.\n\nThis week in earnings\nRoughly 148 S&P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc. Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc. Dand fresh spin-off Vimeo Inc. on Thursday, and DraftKings Inc.DKNGon Friday.","news_type":1,"symbols_score_info":{"BABA":0.9,"QNETCN":0.9,"09988":0.9,"EA":0.9,"TTWO":0.9,"LYFT":0.9,"MRNA":0.9,"ATVI":0.9,"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":3005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805844932,"gmtCreate":1627872316426,"gmtModify":1633755731257,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805844932","repostId":"1146276909","repostType":4,"isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806245467,"gmtCreate":1627660967359,"gmtModify":1633757301199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806245467","repostId":"2155377091","repostType":4,"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807409207,"gmtCreate":1628047030109,"gmtModify":1633754059194,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807409207","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}