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Adrian88

Adrian88

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2021-08-06

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2021-11-03

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2021-09-25

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2021-09-23

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2021-12-22

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Thor Industries Adopts $250M Share Buyback Program<blockquote>Thor Industries采用2.5亿美元股票回购计划</blockquote>

2021-12-12

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US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>

2021-11-09

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2021-10-28

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2021-10-15

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Tesla Is the World’s Most Valuable Car Stock. Even the Haters Think So.<blockquote>特斯拉是世界上最有价值的汽车股。即使是仇恨者也这么认为。</blockquote>

2021-10-12

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18:48","market":"us","language":"en","title":"Apple, Amazon, Microsoft or Tesla: Which Will Reach $5 Trillion First?<blockquote>苹果、亚马逊、微软或特斯拉：哪个会先达到5万亿美元？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161161615","media":"TheStreet","summary":"Apple crossed the $3 trillion market capitalization mark earlier this year, but when will it reach $5 trillion?","content":"<p><html><head></head><body>Apple crossed the $3 trillion market capitalization mark earlier this year, but when will it reach $5 trillion?</p><p><blockquote><html><head></head><body>苹果今年早些时候突破了3万亿美元的市值大关，但何时能达到5万亿美元呢？</body></html></blockquote></p><p>Next stop, $5 trillion.</p><p><blockquote>下一站，5万亿美元。</blockquote></p><p>Apple may no longer be a $3 trillion company after reaching that milestone earlier this year, but it is in lead to become the first company with a $5 trillion valuation.</p><p><blockquote>在今年早些时候达到这一里程碑后，苹果可能不再是一家价值3万亿美元的公司，但它有望成为第一家估值达到5万亿美元的公司。</blockquote></p><p>A record high stock market has made possible market capitalizations that were once thought to be impossible.</p><p><blockquote>创纪录的高股市让曾经被认为不可能的市值成为可能。</blockquote></p><p>Japan, the world&#39;s third biggest economy has a gross domestic product of $4.872 trillion, meaning a handful of American companies could one day be worth more that the entire output of economic powerhouses like Japan and Germany.</p><p><blockquote>世界第三大经济体日本的国内生产总值为4.872万亿美元，这意味着少数美国公司的价值有朝一日可能会超过日本和德国等经济强国的全部产出。</blockquote></p><p>In this environment, Apple, which currently has a $2.82 billion valuation, isn&#39;t the only company within shooting distance of the $5 trillion mark.</p><p><blockquote>在这种环境下，目前估值为28.2亿美元的苹果并不是唯一一家接近5万亿美元大关的公司。</blockquote></p><p>A new research report by XTB.com predicts when the world&#39;s biggest companies might hit the milestone using historical market cap data and new research.</p><p><blockquote>XTB.com的一份新研究报告利用历史市值数据和新研究预测了全球最大的公司何时可能达到这一里程碑。</blockquote></p><p><b>Standings In the Race to $5 Trillion</b></p><p><blockquote><b>5万亿美元竞赛中的排名</b></blockquote></p><p>After beating everyone else to $3 trillion, Apple is also the leading candidate to get to $5 trillion, with an estimated year of 2028 for the company to cross that threshold.</p><p><blockquote>在击败其他所有公司达到3万亿美元后，苹果也是达到5万亿美元的主要候选者，预计该公司将在2028年跨过这一门槛。</blockquote></p><p>Rival tech company Microsoft ($2.25 trillion) and Amazon ($1.59 trillion) are both projected to reach the mark in 2035.</p><p><blockquote>竞争对手科技公司微软（2.25万亿美元）和亚马逊（1.59万亿美元）预计都将在2035年达到这一目标。</blockquote></p><p>Carmaker Tesla ($953.34 billion) and chipmaker Nvidia ($660 billion) are both estimated to reach $5 trillion in 2066.</p><p><blockquote>汽车制造商特斯拉（9533.4亿美元）和芯片制造商英伟达（6600亿美元）预计在2066年都将达到5万亿美元。</blockquote></p><p>Fellow semiconductor company Taiwan Semiconductor(<b>TSM</b>) ($645.76 billion) is scheduled to move next in 2078. It would be the first company based outside the U.S. to reach the goal.</p><p><blockquote>同为半导体公司台积电(<b>TSM</b>）（6457.6亿美元）计划在2078年进行下一步。这将是美国以外第一家实现这一目标的公司。</blockquote></p><p>Tencent Holdings ($596 billion) will become a $5 trillion company getting on the board in 2083, according XTB.com.</p><p><blockquote>据XTB.com称，腾讯控股控股公司（5960亿美元）将于2083年成为一家市值5万亿美元的公司。</blockquote></p><p>The study does not mention Alphabet, parent company of Google, whose valuation is currently close to $1.81 trillion.</p><p><blockquote>该研究没有提及谷歌母公司Alphabet，其估值目前接近1.81万亿美元。</blockquote></p><p><b>Growth Prospects That Get You to $5 Trillion</b></p><p><blockquote><b>增长前景可让您达到5万亿美元</b></blockquote></p><p>It will take some serious work for Apple, already the world&#39;s most valuable company, to double its market cap over the next six years.</p><p><blockquote>苹果已经是世界上最有价值的公司，要在未来六年内将其市值翻一番，还需要认真努力。</blockquote></p><p>The most accessible growth opportunity for the company is already being produced by Apple, according to a recent Wells Fargo analyst note on the company.</p><p><blockquote>根据富国银行最近关于该公司的一份分析师报告，该公司最容易获得的增长机会已经由苹果创造。</blockquote></p><p>&#34;While Apple&#39;s Mac revenue only accounts for about 10% of total revenue, we have seen Apple become increasingly vocal about the adoption of Macs in the enterprise space,&#34; analyst Aaron Rakers said.</p><p><blockquote>分析师Aaron Rakers表示：“虽然苹果的Mac收入仅占总收入的10%左右，但我们看到苹果对在企业领域采用Mac的呼声越来越高。”</blockquote></p><p>&#34;When this productivity increase is scaled across a large enterprise/organization with hundreds of developers, the savings could justify upgrading entire fleets of Macs, perhaps sooner than dictated by the typical three-to-four-year upgrade cycle.&#34;</p><p><blockquote>“当这种生产力提高在拥有数百名开发人员的大型企业/组织中扩展时，节省的成本可能证明升级整个Mac机队是合理的，这可能比典型的三到四年升级周期更快。”</blockquote></p><p>Meanwhile Microsoft is making big bets on gaming as a growth driver in the near-term.</p><p><blockquote>与此同时，微软在游戏作为近期增长动力上下了很大赌注。</blockquote></p><p>Microsoft paid $75 billion, including debt, to buyvideo game studio Activision last month.</p><p><blockquote>微软上个月斥资750亿美元（包括债务）收购了视频游戏工作室动视暴雪。</blockquote></p><p>&#34;Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Microsoft CEO Satya Nadella.</p><p><blockquote>微软首席执行官Satya Nadella表示：“游戏是当今所有平台中最具活力和最令人兴奋的娱乐类别，将在元宇宙平台的发展中发挥关键作用。”</blockquote></p><p>Amazon has its fingers in everything. It&#39;s mainstay package delivery business continues to expand as the company saw its net income nearly double from last year to $14.3 billion.</p><p><blockquote>亚马逊涉足一切。其支柱包裹递送业务继续扩张，该公司的净利润比去年几乎翻了一番，达到143亿美元。</blockquote></p><p>But its Amazon Web Services business could be the biggest factor in getting the company to $5 trillion.</p><p><blockquote>但其亚马逊网络服务业务可能是该公司市值达到5万亿美元的最大因素。</blockquote></p><p>AWS saw its operating income rise 48.5% year over year to $5.3 billion.</p><p><blockquote>AWS的营业收入同比增长48.5%，达到53亿美元。</blockquote></p><p>Additionally, the company raised the price of its Prime delivery service to $14.99 from $12.99 per month with the new price slated to go into effect this week.</p><p><blockquote>此外，该公司还将Prime送货服务的价格从每月12.99美元提高到14.99美元，新价格将于本周生效。</blockquote></p><p></body></html></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>Apple, Amazon, Microsoft or Tesla: Which Will Reach $5 Trillion First?<blockquote>苹果、亚马逊、微软或特斯拉：哪个会先达到5万亿美元？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple, Amazon, Microsoft or Tesla: Which Will Reach $5 Trillion First?<blockquote>苹果、亚马逊、微软或特斯拉：哪个会先达到5万亿美元？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2022-02-16 18:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Apple crossed the $3 trillion market capitalization mark earlier this year, but when will it reach $5 trillion?</p><p><blockquote><html><head></head><body>苹果今年早些时候突破了3万亿美元的市值大关，但何时能达到5万亿美元呢？</body></html></blockquote></p><p>Next stop, $5 trillion.</p><p><blockquote>下一站，5万亿美元。</blockquote></p><p>Apple may no longer be a $3 trillion company after reaching that milestone earlier this year, but it is in lead to become the first company with a $5 trillion valuation.</p><p><blockquote>在今年早些时候达到这一里程碑后，苹果可能不再是一家价值3万亿美元的公司，但它有望成为第一家估值达到5万亿美元的公司。</blockquote></p><p>A record high stock market has made possible market capitalizations that were once thought to be impossible.</p><p><blockquote>创纪录的高股市让曾经被认为不可能的市值成为可能。</blockquote></p><p>Japan, the world&#39;s third biggest economy has a gross domestic product of $4.872 trillion, meaning a handful of American companies could one day be worth more that the entire output of economic powerhouses like Japan and Germany.</p><p><blockquote>世界第三大经济体日本的国内生产总值为4.872万亿美元，这意味着少数美国公司的价值有朝一日可能会超过日本和德国等经济强国的全部产出。</blockquote></p><p>In this environment, Apple, which currently has a $2.82 billion valuation, isn&#39;t the only company within shooting distance of the $5 trillion mark.</p><p><blockquote>在这种环境下，目前估值为28.2亿美元的苹果并不是唯一一家接近5万亿美元大关的公司。</blockquote></p><p>A new research report by XTB.com predicts when the world&#39;s biggest companies might hit the milestone using historical market cap data and new research.</p><p><blockquote>XTB.com的一份新研究报告利用历史市值数据和新研究预测了全球最大的公司何时可能达到这一里程碑。</blockquote></p><p><b>Standings In the Race to $5 Trillion</b></p><p><blockquote><b>5万亿美元竞赛中的排名</b></blockquote></p><p>After beating everyone else to $3 trillion, Apple is also the leading candidate to get to $5 trillion, with an estimated year of 2028 for the company to cross that threshold.</p><p><blockquote>在击败其他所有公司达到3万亿美元后，苹果也是达到5万亿美元的主要候选者，预计该公司将在2028年跨过这一门槛。</blockquote></p><p>Rival tech company Microsoft ($2.25 trillion) and Amazon ($1.59 trillion) are both projected to reach the mark in 2035.</p><p><blockquote>竞争对手科技公司微软（2.25万亿美元）和亚马逊（1.59万亿美元）预计都将在2035年达到这一目标。</blockquote></p><p>Carmaker Tesla ($953.34 billion) and chipmaker Nvidia ($660 billion) are both estimated to reach $5 trillion in 2066.</p><p><blockquote>汽车制造商特斯拉（9533.4亿美元）和芯片制造商英伟达（6600亿美元）预计在2066年都将达到5万亿美元。</blockquote></p><p>Fellow semiconductor company Taiwan Semiconductor(<b>TSM</b>) ($645.76 billion) is scheduled to move next in 2078. It would be the first company based outside the U.S. to reach the goal.</p><p><blockquote>同为半导体公司台积电(<b>TSM</b>）（6457.6亿美元）计划在2078年进行下一步。这将是美国以外第一家实现这一目标的公司。</blockquote></p><p>Tencent Holdings ($596 billion) will become a $5 trillion company getting on the board in 2083, according XTB.com.</p><p><blockquote>据XTB.com称，腾讯控股控股公司（5960亿美元）将于2083年成为一家市值5万亿美元的公司。</blockquote></p><p>The study does not mention Alphabet, parent company of Google, whose valuation is currently close to $1.81 trillion.</p><p><blockquote>该研究没有提及谷歌母公司Alphabet，其估值目前接近1.81万亿美元。</blockquote></p><p><b>Growth Prospects That Get You to $5 Trillion</b></p><p><blockquote><b>增长前景可让您达到5万亿美元</b></blockquote></p><p>It will take some serious work for Apple, already the world&#39;s most valuable company, to double its market cap over the next six years.</p><p><blockquote>苹果已经是世界上最有价值的公司，要在未来六年内将其市值翻一番，还需要认真努力。</blockquote></p><p>The most accessible growth opportunity for the company is already being produced by Apple, according to a recent Wells Fargo analyst note on the company.</p><p><blockquote>根据富国银行最近关于该公司的一份分析师报告，该公司最容易获得的增长机会已经由苹果创造。</blockquote></p><p>&#34;While Apple&#39;s Mac revenue only accounts for about 10% of total revenue, we have seen Apple become increasingly vocal about the adoption of Macs in the enterprise space,&#34; analyst Aaron Rakers said.</p><p><blockquote>分析师Aaron Rakers表示：“虽然苹果的Mac收入仅占总收入的10%左右，但我们看到苹果对在企业领域采用Mac的呼声越来越高。”</blockquote></p><p>&#34;When this productivity increase is scaled across a large enterprise/organization with hundreds of developers, the savings could justify upgrading entire fleets of Macs, perhaps sooner than dictated by the typical three-to-four-year upgrade cycle.&#34;</p><p><blockquote>“当这种生产力提高在拥有数百名开发人员的大型企业/组织中扩展时，节省的成本可能证明升级整个Mac机队是合理的，这可能比典型的三到四年升级周期更快。”</blockquote></p><p>Meanwhile Microsoft is making big bets on gaming as a growth driver in the near-term.</p><p><blockquote>与此同时，微软在游戏作为近期增长动力上下了很大赌注。</blockquote></p><p>Microsoft paid $75 billion, including debt, to buyvideo game studio Activision last month.</p><p><blockquote>微软上个月斥资750亿美元（包括债务）收购了视频游戏工作室动视暴雪。</blockquote></p><p>&#34;Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Microsoft CEO Satya Nadella.</p><p><blockquote>微软首席执行官Satya Nadella表示：“游戏是当今所有平台中最具活力和最令人兴奋的娱乐类别，将在元宇宙平台的发展中发挥关键作用。”</blockquote></p><p>Amazon has its fingers in everything. It&#39;s mainstay package delivery business continues to expand as the company saw its net income nearly double from last year to $14.3 billion.</p><p><blockquote>亚马逊涉足一切。其支柱包裹递送业务继续扩张，该公司的净利润比去年几乎翻了一番，达到143亿美元。</blockquote></p><p>But its Amazon Web Services business could be the biggest factor in getting the company to $5 trillion.</p><p><blockquote>但其亚马逊网络服务业务可能是该公司市值达到5万亿美元的最大因素。</blockquote></p><p>AWS saw its operating income rise 48.5% year over year to $5.3 billion.</p><p><blockquote>AWS的营业收入同比增长48.5%，达到53亿美元。</blockquote></p><p>Additionally, the company raised the price of its Prime delivery service to $14.99 from $12.99 per month with the new price slated to go into effect this week.</p><p><blockquote>此外，该公司还将Prime送货服务的价格从每月12.99美元提高到14.99美元，新价格将于本周生效。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-amazon-microsoft-or-tesla-which-will-reach-5-trillion-first\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","TSLA":"特斯拉","MSFT":"微软","AAPL":"苹果"},"source_url":"https://www.thestreet.com/investing/apple-amazon-microsoft-or-tesla-which-will-reach-5-trillion-first","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161161615","content_text":"Apple crossed the $3 trillion market capitalization mark earlier this year, but when will it reach $5 trillion?Next stop, $5 trillion.Apple may no longer be a $3 trillion company after reaching that milestone earlier this year, but it is in lead to become the first company with a $5 trillion valuation.A record high stock market has made possible market capitalizations that were once thought to be impossible.Japan, the world's third biggest economy has a gross domestic product of $4.872 trillion, meaning a handful of American companies could one day be worth more that the entire output of economic powerhouses like Japan and Germany.In this environment, Apple, which currently has a $2.82 billion valuation, isn't the only company within shooting distance of the $5 trillion mark.A new research report by XTB.com predicts when the world's biggest companies might hit the milestone using historical market cap data and new research.Standings In the Race to $5 TrillionAfter beating everyone else to $3 trillion, Apple is also the leading candidate to get to $5 trillion, with an estimated year of 2028 for the company to cross that threshold.Rival tech company Microsoft ($2.25 trillion) and Amazon ($1.59 trillion) are both projected to reach the mark in 2035.Carmaker Tesla ($953.34 billion) and chipmaker Nvidia ($660 billion) are both estimated to reach $5 trillion in 2066.Fellow semiconductor company Taiwan Semiconductor(TSM) ($645.76 billion) is scheduled to move next in 2078. It would be the first company based outside the U.S. to reach the goal.Tencent Holdings ($596 billion) will become a $5 trillion company getting on the board in 2083, according XTB.com.The study does not mention Alphabet, parent company of Google, whose valuation is currently close to $1.81 trillion.Growth Prospects That Get You to $5 TrillionIt will take some serious work for Apple, already the world's most valuable company, to double its market cap over the next six years.The most accessible growth opportunity for the company is already being produced by Apple, according to a recent Wells Fargo analyst note on the company.\"While Apple's Mac revenue only accounts for about 10% of total revenue, we have seen Apple become increasingly vocal about the adoption of Macs in the enterprise space,\" analyst Aaron Rakers said.\"When this productivity increase is scaled across a large enterprise/organization with hundreds of developers, the savings could justify upgrading entire fleets of Macs, perhaps sooner than dictated by the typical three-to-four-year upgrade cycle.\"Meanwhile Microsoft is making big bets on gaming as a growth driver in the near-term.Microsoft paid $75 billion, including debt, to buyvideo game studio Activision last month.\"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Microsoft CEO Satya Nadella.Amazon has its fingers in everything. It's mainstay package delivery business continues to expand as the company saw its net income nearly double from last year to $14.3 billion.But its Amazon Web Services business could be the biggest factor in getting the company to $5 trillion.AWS saw its operating income rise 48.5% year over year to $5.3 billion.Additionally, the company raised the price of its Prime delivery service to $14.99 from $12.99 per month with the new price slated to go into effect this week.","news_type":1,"symbols_score_info":{"TSLA":0.9,"AMZN":0.9,"MSFT":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":631023500,"gmtCreate":1644394211630,"gmtModify":1644394211843,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/631023500","repostId":"2210336205","repostType":4,"repost":{"id":"2210336205","kind":"news","pubTimestamp":1644388513,"share":"https://www.laohu8.com/m/news/2210336205?lang=zh_CN&edition=full","pubTime":"2022-02-09 14:35","market":"us","language":"en","title":"Cathie Wood: ‘We don’t have an inflation problem’<blockquote>凯西·伍德：“我们没有通货膨胀问题”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2210336205","media":"Seeking Alpha","summary":"Ark Invest CEO Cathie Wood used her latest monthly market webinar Tuesday to reiterate her criticism","content":"<p><html><head></head><body>Ark Invest CEO Cathie Wood used her latest monthly market webinar Tuesday to reiterate her criticism of the financial community&#39;s focus on rising prices, stating bluntly: &#34;We don&#39;t have an inflation problem.&#34; </p><p><blockquote><html><head></head><body>Ark Invest首席执行官Cathie Wood周二在最新的月度市场网络研讨会上重申了她对金融界关注物价上涨的批评，并直言不讳地表示：“我们没有通胀问题。”</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aa9cf7ba62c0f5b3e95b3b4acf91d86\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"/><span>metamorworks/iStock via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>metamorworks/iStock来自Getty Images</span></p></blockquote></p><p>In minimizing the threat from rising prices, the asset manager has gone against the popular consensus on inflation. To make her point, Wood highlighted two variables, productivity and the oil market.</p><p><blockquote>在尽量减少物价上涨的威胁方面，这家资产管理公司违背了人们对通胀的普遍共识。为了表明自己的观点，伍德强调了两个变量：生产率和石油市场。</blockquote></p><p>Wood noted that recent unit labor cost data showed only a 0.3% increase in Q4. This moderate advance came as a result of productivity gains in the fourth quarter.</p><p><blockquote>伍德指出，最近的单位劳动力成本数据显示第四季度仅增长了0.3%。这一温和增长是第四季度生产率提高的结果。</blockquote></p><p>Wood argued that market watchers tend to undervalue you the impact of productivity gains on long-term inflation. She pointed to recent wage data that showed an approximately 5% rise in average hourly earnings. In her estimation, this figure is likely closer to a 3% increase in real terms, due to higher productivity for workers compared to last year.</p><p><blockquote>伍德认为，市场观察人士往往低估了生产率提高对长期通胀的影响。她指出，最近的工资数据显示平均时薪增长了约5%。据她估计，由于工人的生产率比去年有所提高，这一数字可能更接近3%的实际增长。</blockquote></p><p>Wood stated: &#34;I think not taking into account productivity is going to cause a serious miscalculation in terms of what&#39;s going to happen to inflation.&#34;</p><p><blockquote>伍德表示：“我认为，不考虑生产率将导致对通货膨胀的严重误判。”</blockquote></p><p>The second variable is oil. Wood acknowledged the fact that crude had appreciated to a level above $90/bbl. However, she contended that this spike in prices become self-correcting, as it will invite supply back into the market, eventually balancing out the inflation equation.</p><p><blockquote>第二个变量是石油。伍德承认原油已经升值到90美元/桶以上的事实。然而，她认为，这种价格飙升会自我纠正，因为它将邀请供应重返市场，最终平衡通胀等式。</blockquote></p><p>In 2019 U.S. oil production peaked at 12.3M barrels per day according to Wood, making the country the largest energy producer globally. Wood mentioned that &#34;it appears in 2022 we will be going up to roughly 12 million barrels per day and in 2023 up 12.6M barrels per day.&#34;</p><p><blockquote>伍德表示，2019年美国石油产量达到峰值1230万桶/日，使该国成为全球最大的能源生产国。伍德提到，“看来2022年我们的产量将增至约1200万桶/日，2023年将增至1260万桶/日。”</blockquote></p><p>Below are Wood&#39;s six actively managed ETFs, along with their YTD performance:</p><p><blockquote>以下是Wood的六只主动管理型ETF及其年初至今的表现：</blockquote></p><p><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (NYSEARCA:ARKK) -23.4%, <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> (NYSEARCA:ARKF) -23.8%, ARK Autonomous Technology &amp; Robotics ETF (BATS:ARKQ) -15.9%, <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> (NYSEARCA:ARKW) -22.1%, <a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a> (BATS:ARKG) -19.9%, and ARK Space Exploration ETF (BATS:ARKX) -13.3%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>(NYSEARCA：ARKK)-23.4%，<a href=\"https://laohu8.com/S/ARKF\">方舟金融科技创新ETF</a>(NYSEARCA：ARKF)-23.8%，ARK自主技术与机器人ETF(BATS：ARKQ)-15.9%，<a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>(NYSEARCA：ARKW)-22.1%，<a href=\"https://laohu8.com/S/ARKG\">方舟基因组革命多板块ETF</a>(BATS：ARKG)-19.9%，方舟太空探索ETF(BATS：ARKX)-13.3%。</blockquote></p><p>Furthermore, Wood intends to launch the ARK Venture Fund, which is aimed to provide exposure to less liquid markets through an unlisted closed-end fund.</p><p><blockquote>此外，伍德打算推出方舟风险基金，旨在通过非上市封闭式基金提供对流动性较差市场的投资。</blockquote></p><p></body></html></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>Cathie Wood: ‘We don’t have an inflation problem’<blockquote>凯西·伍德：“我们没有通货膨胀问题”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood: ‘We don’t have an inflation problem’<blockquote>凯西·伍德：“我们没有通货膨胀问题”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2022-02-09 14:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Ark Invest CEO Cathie Wood used her latest monthly market webinar Tuesday to reiterate her criticism of the financial community&#39;s focus on rising prices, stating bluntly: &#34;We don&#39;t have an inflation problem.&#34; </p><p><blockquote><html><head></head><body>Ark Invest首席执行官Cathie Wood周二在最新的月度市场网络研讨会上重申了她对金融界关注物价上涨的批评，并直言不讳地表示：“我们没有通胀问题。”</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aa9cf7ba62c0f5b3e95b3b4acf91d86\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"/><span>metamorworks/iStock via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>metamorworks/iStock来自Getty Images</span></p></blockquote></p><p>In minimizing the threat from rising prices, the asset manager has gone against the popular consensus on inflation. To make her point, Wood highlighted two variables, productivity and the oil market.</p><p><blockquote>在尽量减少物价上涨的威胁方面，这家资产管理公司违背了人们对通胀的普遍共识。为了表明自己的观点，伍德强调了两个变量：生产率和石油市场。</blockquote></p><p>Wood noted that recent unit labor cost data showed only a 0.3% increase in Q4. This moderate advance came as a result of productivity gains in the fourth quarter.</p><p><blockquote>伍德指出，最近的单位劳动力成本数据显示第四季度仅增长了0.3%。这一温和增长是第四季度生产率提高的结果。</blockquote></p><p>Wood argued that market watchers tend to undervalue you the impact of productivity gains on long-term inflation. She pointed to recent wage data that showed an approximately 5% rise in average hourly earnings. In her estimation, this figure is likely closer to a 3% increase in real terms, due to higher productivity for workers compared to last year.</p><p><blockquote>伍德认为，市场观察人士往往低估了生产率提高对长期通胀的影响。她指出，最近的工资数据显示平均时薪增长了约5%。据她估计，由于工人的生产率比去年有所提高，这一数字可能更接近3%的实际增长。</blockquote></p><p>Wood stated: &#34;I think not taking into account productivity is going to cause a serious miscalculation in terms of what&#39;s going to happen to inflation.&#34;</p><p><blockquote>伍德表示：“我认为，不考虑生产率将导致对通货膨胀的严重误判。”</blockquote></p><p>The second variable is oil. Wood acknowledged the fact that crude had appreciated to a level above $90/bbl. However, she contended that this spike in prices become self-correcting, as it will invite supply back into the market, eventually balancing out the inflation equation.</p><p><blockquote>第二个变量是石油。伍德承认原油已经升值到90美元/桶以上的事实。然而，她认为，这种价格飙升会自我纠正，因为它将邀请供应重返市场，最终平衡通胀等式。</blockquote></p><p>In 2019 U.S. oil production peaked at 12.3M barrels per day according to Wood, making the country the largest energy producer globally. Wood mentioned that &#34;it appears in 2022 we will be going up to roughly 12 million barrels per day and in 2023 up 12.6M barrels per day.&#34;</p><p><blockquote>伍德表示，2019年美国石油产量达到峰值1230万桶/日，使该国成为全球最大的能源生产国。伍德提到，“看来2022年我们的产量将增至约1200万桶/日，2023年将增至1260万桶/日。”</blockquote></p><p>Below are Wood&#39;s six actively managed ETFs, along with their YTD performance:</p><p><blockquote>以下是Wood的六只主动管理型ETF及其年初至今的表现：</blockquote></p><p><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (NYSEARCA:ARKK) -23.4%, <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> (NYSEARCA:ARKF) -23.8%, ARK Autonomous Technology &amp; Robotics ETF (BATS:ARKQ) -15.9%, <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> (NYSEARCA:ARKW) -22.1%, <a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a> (BATS:ARKG) -19.9%, and ARK Space Exploration ETF (BATS:ARKX) -13.3%.</p><p><blockquote><a href=\"https://laohu8.com/S/ARKK\">方舟创新ETF</a>(NYSEARCA：ARKK)-23.4%，<a href=\"https://laohu8.com/S/ARKF\">方舟金融科技创新ETF</a>(NYSEARCA：ARKF)-23.8%，ARK自主技术与机器人ETF(BATS：ARKQ)-15.9%，<a href=\"https://laohu8.com/S/ARKW\">方舟下一代互联网ETF</a>(NYSEARCA：ARKW)-22.1%，<a href=\"https://laohu8.com/S/ARKG\">方舟基因组革命多板块ETF</a>(BATS：ARKG)-19.9%，方舟太空探索ETF(BATS：ARKX)-13.3%。</blockquote></p><p>Furthermore, Wood intends to launch the ARK Venture Fund, which is aimed to provide exposure to less liquid markets through an unlisted closed-end fund.</p><p><blockquote>此外，伍德打算推出方舟风险基金，旨在通过非上市封闭式基金提供对流动性较差市场的投资。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3797442-cathie-wood-we-dont-have-an-inflation-problem\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKW":"ARK Next Generation Internet ETF","ARKG":"ARK Genomic Revolution ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","ARKK":"ARK Innovation ETF",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3797442-cathie-wood-we-dont-have-an-inflation-problem","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210336205","content_text":"Ark Invest CEO Cathie Wood used her latest monthly market webinar Tuesday to reiterate her criticism of the financial community's focus on rising prices, stating bluntly: \"We don't have an inflation problem.\" metamorworks/iStock via Getty ImagesIn minimizing the threat from rising prices, the asset manager has gone against the popular consensus on inflation. To make her point, Wood highlighted two variables, productivity and the oil market.Wood noted that recent unit labor cost data showed only a 0.3% increase in Q4. This moderate advance came as a result of productivity gains in the fourth quarter.Wood argued that market watchers tend to undervalue you the impact of productivity gains on long-term inflation. She pointed to recent wage data that showed an approximately 5% rise in average hourly earnings. In her estimation, this figure is likely closer to a 3% increase in real terms, due to higher productivity for workers compared to last year.Wood stated: \"I think not taking into account productivity is going to cause a serious miscalculation in terms of what's going to happen to inflation.\"The second variable is oil. Wood acknowledged the fact that crude had appreciated to a level above $90/bbl. However, she contended that this spike in prices become self-correcting, as it will invite supply back into the market, eventually balancing out the inflation equation.In 2019 U.S. oil production peaked at 12.3M barrels per day according to Wood, making the country the largest energy producer globally. Wood mentioned that \"it appears in 2022 we will be going up to roughly 12 million barrels per day and in 2023 up 12.6M barrels per day.\"Below are Wood's six actively managed ETFs, along with their YTD performance:ARK Innovation ETF (NYSEARCA:ARKK) -23.4%, ARK Fintech Innovation ETF (NYSEARCA:ARKF) -23.8%, ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) -15.9%, ARK Next Generation Internet ETF (NYSEARCA:ARKW) -22.1%, ARK Genomic Revolution Multi-Sector ETF (BATS:ARKG) -19.9%, and ARK Space Exploration ETF (BATS:ARKX) -13.3%.Furthermore, Wood intends to launch the ARK Venture Fund, which is aimed to provide exposure to less liquid markets through an unlisted closed-end fund.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"ARKG":0.9,"ARKK":0.9,".DJI":0.9,"ARKQ":0.9,"ARKW":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":2860,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633212672,"gmtCreate":1644119272955,"gmtModify":1644119273219,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633212672","repostId":"1180547636","repostType":4,"repost":{"id":"1180547636","kind":"news","pubTimestamp":1644111623,"share":"https://www.laohu8.com/m/news/1180547636?lang=zh_CN&edition=full","pubTime":"2022-02-06 09:40","market":"us","language":"en","title":"Why Roblox Is A Compelling Risk/Reward Bet With Metaverse Optionality<blockquote>为什么Roblox是一个具有元宇宙可选性的引人注目的风险/回报赌注</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180547636","media":"Seeking Alpha","summary":"SummaryRoblox offers a large and unique ecosystem with network effects. It provides go-to form of en","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Roblox offers a large and unique ecosystem with network effects. It provides go-to form of entertainment and social interaction for an entire generation of users. Scale forms a flywheel to attract users and developers.</li><li>Multiple growth avenues through growing the addressable market by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and drive a platform for human co-experiences.</li><li>Recent broad-based market pullback and technical movement present an interesting risk/reward weighted bet on Roblox given their immense long-term potential.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/185e1f3e86a121c4ef8f6e723cf0fea0\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>Roblox提供了一个具有网络效应的庞大而独特的生态系统。它为整整一代用户提供了娱乐和社交互动的首选形式。规模形成了吸引用户和开发者的飞轮。</li><li>通过增加更复杂的游戏/开发者来发展潜在市场，从而实现多种增长途径。此外，RBLX可以扩展到国际市场，增加货币化，并推动人类共同体验的平台。</li><li>鉴于Roblox巨大的长期潜力，最近广泛的市场回调和技术走势为Roblox提供了一个有趣的风险/回报加权押注。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p>Roblox (RBLX) is the “go-to” gaming, entertainment, and socialization platform for the youth (&lt;16 y/o) demographic in North America and Europe. Roblox is a highly attractive asset with a massive user base (150M+ MAUs), significant long-term potential, optionality in the growing prevalence of the “metaverse”, multiple growth levers to pull, and attractive user economics driving a reasonably robust financial profile. The broad-based tech pullback presents a great risk/reward point for RBLX.</p><p><blockquote>Roblox(RBLX)是北美和欧洲年轻人(&lt;16岁)的“首选”游戏、娱乐和社交平台。Roblox是一项极具吸引力的资产，拥有庞大的用户群（1.5亿+月活跃用户）、巨大的长期潜力、日益流行的“元宇宙”的可选性、多种增长杠杆以及推动相当强劲的财务状况的有吸引力的用户经济学。广泛的科技回调为RBLX带来了巨大的风险/回报点。</blockquote></p><p><b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p>Roblox is a gaming and social entertainment platform where individuals can design, build, or play games. Users create their own avatars and play any number of thousands of games that are all created by other players. RBLX is more than a game, but rather an entire ecosystem where creators (user developers) build games and experiences on RBLX’s creative engine and upload them to the RBLX platform for users to play. It manifests itself into a 3D `universe’ where people can gather, game, and socialize.</p><p><blockquote>Roblox是一个游戏和社交娱乐平台，个人可以在这里设计、构建或玩游戏。用户创建自己的头像，玩数以千计的游戏，这些游戏都是由其他玩家创建的。RBLX不仅仅是一款游戏，而是一个完整的生态系统，创作者（用户开发者）在RBLX的创意引擎上构建游戏和体验，并将其上传到RBLX平台供用户玩。它表现为一个3D“宇宙”，人们可以在那里聚集、游戏和社交。</blockquote></p><p>The RBLX infrastructure consists of three pillars:</p><p><blockquote>RBLX基础设施由三大支柱组成：</blockquote></p><p><ul><li><i>Roblox Client:</i>the application that allows users to play the games</li><li><i>Roblox Studio</i>: the toolset that enables creators and developers to build, publish, and operate games and experiences that other users can access in the game client. It requires little to no code to develop a game.</li><li><i>Roblox Cloud</i>: the services and infrastructure that support and power the platform</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26be3a6043a5e7ac91e31590ff1351bd\" tg-width=\"460\" tg-height=\"345\" width=\"100%\" height=\"auto\"/><span>Roblox Studio Example (WikiHow)</span></p><p><blockquote><ul><li><i>Roblox客户端：</i>允许用户玩游戏的应用程序</li><li><i>Roblox工作室</i>：使创作者和开发者能够构建、发布和操作其他用户可以在游戏客户端中访问的游戏和体验的工具集。开发一个游戏几乎不需要代码。</li><li><i>Roblox云</i>：支持和支持平台的服务和基础设施</li></ul><p class=\"t-img-caption\"><span>Roblox Studio示例(WikiHow)</span></p></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df07a21f7dd773490412bb63b4379121\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"/><span>Roblox Experience Example (Vansworld)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox体验示例（Vansworld）</span></p></blockquote></p><p>While most users enter the platform as gamers, the platform has expanded to become a hub for social interaction where users can watch concerts, movies, or socialize.</p><p><blockquote>虽然大多数用户以游戏玩家的身份进入该平台，但该平台已经扩展成为社交互动的中心，用户可以在这里观看音乐会、电影或社交。</blockquote></p><p><i>Roblox’s mission is to build a human co-experience platform that enables shared experiences among billions of users.</i>Every day, tens of millions of people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of millions of creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world.(Roblox Reports November 2021 Key Metrics).Business Model</p><p><blockquote><i>Roblox的使命是建立一个人类共同体验平台，使数十亿用户能够共享体验。</i>每天，世界各地都有数千万人与朋友一起探索数百万种身临其境的数字体验。所有这些体验都是由由数百万创作者组成的Roblox社区构建的。我们相信建立一个安全、文明和多元化的社区——一个激发和培养世界各地人们之间创造力和积极关系的社区。（Roblox报告2021年11月关键指标）。商业模式</blockquote></p><p>Roblox primarily earns revenue via the sale of their virtual currency, “Robux”, to users. Here is a quick breakdown of how Robux works from both the developer and user perspective:</p><p><blockquote>Roblox主要通过向用户出售虚拟货币“Robux”来赚取收入。以下是从开发人员和用户的角度快速分析Robux的工作原理：</blockquote></p><p><ul><li>Developers create and publish games to the platform which either offer cosmetic items for sale within their game or have some aspect of a typical pay-to-play game, where users must pay to progress in their journey.</li><li>Users of the game exchange real-world currencies for Robux and spend these Robux on such items/expansions.</li><li>Roblox takes their cut of the transaction, pays the app stores, and gives the rest to the developers.</li><li>The developers can exchange the Robux for real-world currencies.</li></ul><b>Investment Thesis</b></p><p><blockquote><ul><li>开发者创建游戏并向平台发布游戏，这些游戏要么在游戏中提供化妆品出售，要么具有典型的付费游戏的某些方面，用户必须付费才能在旅程中取得进展。</li><li>游戏的用户用现实世界的货币兑换Robux，并把这些Robux花在这样的物品/资料片上。</li><li>Roblox从交易中抽取他们的分成，向应用商店付款，并将其余部分交给开发者。</li><li>开发者可以将Robux兑换成现实世界的货币。</li></ul><b>投资论文</b></blockquote></p><p>Roblox is an attractive asset. There is significant long-term potential due to the following factors of their business model paired with the relatively attractive current entry point due to a non-fundamental pullback.</p><p><blockquote>Roblox是一项有吸引力的资产。由于其商业模式的以下因素，加上非基本面回调导致的相对有吸引力的当前切入点，因此具有巨大的长期潜力。</blockquote></p><p><ol><li>It is a unique and large ecosystem with strong network effects.</li><li>Disrupts the typical video game value chain turning users into creators and decentralizing production.</li><li>Numerous growth avenues to expand the user base and monetization</li><li>Optionality beyond gaming and into the “metaverse” -- or virtual universe</li></ol><b>Ecosystem, Network Effects, and the Roblox Flywheel</b></p><p><blockquote><ol><li>它是一个独特的大型生态系统，具有很强的网络效应。</li><li>颠覆了典型的视频游戏价值链，将用户转变为创作者，分散生产。</li><li>扩大用户群和货币化的众多增长途径</li><li>超越游戏进入“元宇宙”或虚拟世界的可选性</li></ol><b>生态系统、网络效应和Roblox飞轮</b></blockquote></p><p></p><p>Roblox has built a tremendous platform with over 150 million monthly active users (MAUs) and is the first choice of entertainment and social interaction for the entire generation of children and adolescents in North America and Europe. The sheer scale of users on Roblox spins their flywheel where the number of users attracts developers to design engaging content which in turn attracts more users and higher monetization potential. Below is an illustration of how this virtuous cycle works:</p><p><blockquote>Roblox已经建立了一个拥有超过1.5亿月活跃用户（MAU）的庞大平台，是北美和欧洲整整一代儿童和青少年娱乐和社交的首选。Roblox上庞大的用户规模旋转着他们的飞轮，用户数量吸引开发者设计引人入胜的内容，从而吸引更多用户和更高的货币化潜力。以下是这种良性循环如何运作的示例：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ee981096e0e6ae86ee32aa48c2531c\" tg-width=\"640\" tg-height=\"438\" width=\"100%\" height=\"auto\"/><span>Roblox Flywheel (Created by user)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox飞轮（由用户创建）</span></p></blockquote></p><p>The installed base of users is sticky via both the inherently social nature of the platform and money spent on the platform to unlock games or outfit their avatars which disincentivizes exploring other platforms and reinforces the competitive moat. We can see this through their impressive daily active user growth.</p><p><blockquote>通过平台固有的社交性质以及在平台上花费的用于解锁游戏或装备头像的资金，用户的安装基础具有粘性，这抑制了探索其他平台的积极性，并加强了竞争护城河。我们可以通过他们令人印象深刻的日活跃用户增长看到这一点。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2c3a78fb184d8e874431939c9765d79\" tg-width=\"640\" tg-height=\"378\" width=\"100%\" height=\"auto\"/><span>Roblox Daily Active Users (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox每日活跃用户（Roblox投资者演示）</span></p></blockquote></p><p>On the point of avatars, Roblox is centered around user identity via their created avatars. All users on Roblox have a unique identity that allows for individual expression and these avatars transcend any individual game as the user avatar is used across all games in the Roblox universe.</p><p><blockquote>在头像方面，Roblox通过用户创建的头像以用户身份为中心。Roblox上的所有用户都有一个独特的身份，允许个人表达，这些头像超越了任何个人游戏，因为用户头像在Roblox宇宙中的所有游戏中都使用。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/055bdec56beca6d556ae0395c8ecdb2a\" tg-width=\"640\" tg-height=\"578\" width=\"100%\" height=\"auto\"/><span>Roblox Avatar Customization (Roblox)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox头像定制（Roblox）</span></p></blockquote></p><p><b>Decentralized Game and Experience Production</b></p><p><blockquote><b>去中心化游戏和体验制作</b></blockquote></p><p>As previously mentioned, Roblox’s games and experiences are user-generated content (UGC). Roblox empowers its users to become developers/creators by providing them with the tools to do so through Roblox Studio and supporting the back-end on Roblox Cloud.</p><p><blockquote>如前所述，Roblox的游戏和体验是用户生成内容（UGC）。Roblox通过Roblox Studio为用户提供工具并支持Roblox Cloud上的后端，使他们能够成为开发人员/创作者。</blockquote></p><p>In traditional video game production and R&amp;D, the capital is spent upfront and costs can be exceptionally high (“AAA” games can cost $100M+, ex. Cyberpunk 2077 had a budget of $300M) and there is no certainty of success and constant unpredictability of community perception. For Roblox, they “outsource” their game production to millions of eager developers and pay for only successful content. Essentially, RBLX being based on UGC continuously feeds the platform while de-risking the development process and solving for launch risk and franchise fatigue that “AAA” games face.</p><p><blockquote>在传统的视频游戏制作和R&amp;D，资本是预先支出的，成本可能非常高（“AAA”游戏可能花费1亿美元以上，例如赛博朋克2077的预算为3亿美元），成功没有确定性，社区认知也没有持续的不可预测性。对于Roblox来说，他们将游戏制作“外包”给数百万热切的开发者，只为成功的内容付费。本质上，基于UGC的RBLX不断为平台提供信息，同时降低开发过程的风险，解决“AAA”游戏面临的发布风险和特许经营疲劳。</blockquote></p><p><b>Examples of RBLX games:</b>Adopt Me! (17bn visits), Tower of Hell (7bn visits), Welcome to Bloxburg (4bn visits).</p><p><blockquote><b>RBLX游戏示例：</b>收养我吧！（170亿访问量），地狱之塔（70亿访问量），欢迎来到布洛克斯堡（40亿访问量）。</blockquote></p><p><b>Growth Avenues Expanding User Base and Increasing Monetization</b></p><p><blockquote><b>增长途径扩大用户群并增加货币化</b></blockquote></p><p>Roblox has grown tremendously and has a significant presence in their core market (8-12 yr olds in western markets). There are numerous levers to be pulled by management to continue top-line growth.</p><p><blockquote>Roblox发展迅速，在其核心市场（西方市场的8-12岁儿童）占有重要地位。管理层可以利用许多杠杆来继续营收增长。</blockquote></p><p><ol><li><b>Expand user base in international markets.</b>Roblox is highly penetrated in western/English-speaking markets. International expansion has seen early indications of success (2-3x user growth in Japan and Korea). The Chinese market is not served by RBLX. Could represent 50-100m new MAUs via Tencent license.</li><li><b>Increase appeal to older audiences.</b>~50% of daily-active users are &lt;12 y/o so there is significant upside in capturing older audiences. Continued investment in the platform and development of sophisticated games could attract this audience. There is early evidence of success as Roblox has improved its sophistication with the 13 and older audience growing at ~70% vs. 50% of the 13 and under audience on average over the last three years.</li><li><b>Increase monetization.</b>Increasing importance of digital identity should lead to increased spending. Working with developers to better monetize content for mutual benefit. Grow subscription offerings via Roblox premium. Roblox increasingly working with corporate sponsors to add branded content to the game (Nike, Gucci, LVMH, North Face/Vans, etc.). There is a significant incentive for consumer brands such as these to work with Roblox as the lifetime value of these young consumers is high. From Roblox’s November 2021 Investor Day, they explain how every company will have a Roblox strategy in the future.</li><li><b>Expanded platform use and improved functionality.</b>Continued expansion beyond gaming into social, entertainment, learning, e-commerce, and broadly more human co-experiences. An example would be the virtual concerts that are being held on the RBLX platform. Experiences become increasingly engaging and less distinguishable from real-world experiences (examples include: 3D spatial audio implementation, high fidelity avatars, etc.)</li></ol><b>The Leader in the Emerging “Metaverse”</b></p><p><blockquote><ol><li><b>扩大国际市场用户群。</b>Roblox在西方/英语市场的渗透率很高。国际扩张已经看到了成功的早期迹象（日本和韩国的用户增长了2-3倍）。RBLX不服务中国市场。可以通过腾讯控股许可代表5000万至1亿新月活跃用户。</li><li><b>增加对老年观众的吸引力。</b>约50%的日活跃用户年龄&lt;12岁，因此在吸引老年受众方面有很大的优势。对平台的持续投资和复杂游戏的开发可以吸引这些观众。有早期的成功证据表明，Roblox提高了其成熟度，13岁及以上的观众增长率约为70%，而过去三年13岁及以下观众的平均增长率为50%。</li><li><b>增加货币化。</b>数字身份日益增长的重要性应该会导致支出的增加。与开发者合作，更好地将内容货币化，实现互惠互利。通过Roblox premium发展订阅产品。Roblox越来越多地与企业赞助商合作，为游戏添加品牌内容（耐克、古驰、路威酩轩、North Face/Vans等）。）.由于这些年轻消费者的终身价值很高，因此此类消费品牌有很大的动力与Roblox合作。从Roblox 2021年11月的投资者日开始，他们解释了未来每家公司将如何制定Roblox战略。</li><li><b>扩展了平台使用并改进了功能。</b>继续从游戏扩展到社交、娱乐、学习、电子商务和更广泛的人类共同体验。一个例子是在RBLX平台上举行的虚拟音乐会。体验变得越来越引人入胜，与现实世界体验的区别越来越小（示例包括：3D空间音频实现、高保真化身等）</li></ol><b>新兴“元宇宙”中的佼佼者</b></blockquote></p><p></p><p>Roblox is a social destination. Players stay connected and share experiences with friends. Expanding these virtual experiences will reduce the traditional barriers between games, social entertainment, and commerce. The idea of a “metaverse” is not a new idea, but with powerful and accessible consumer devices, high-speed connections, and cloud computing the concept of the metaverse can be enabled by the right platform. As mentioned above, the continued improvement of the Roblox platform will bring engaging experiences that mirror real life.</p><p><blockquote>Roblox是一个社交目的地。玩家保持联系，与朋友分享经验。扩展这些虚拟体验将减少游戏、社交娱乐和商业之间的传统壁垒。“元宇宙”的想法并不是一个新想法，但通过强大且可访问的消费设备、高速连接和云计算，元宇宙的概念可以通过正确的平台来实现。如上所述，Roblox平台的持续改进将带来反映现实生活的引人入胜的体验。</blockquote></p><p>On the front of commerce, Roblox’s VP of Marketing explains how “whether you’re a sports franchise, a fashion brand, movie studio, or musical artist, there are endless possibilities for authentic and immersive experiences that bring your brand to life”.</p><p><blockquote>在商业方面，Roblox的营销副总裁解释了“无论你是体育特许经营、时尚品牌、电影工作室还是音乐艺术家，都有无限的可能性让你的品牌栩栩如生”。</blockquote></p><p>Evidence of Metaverse infancy can be seen in events like the Lil Nas X concert (33 million views), community events, and e-commerce and branding through Nikeland, Vans World, etc.</p><p><blockquote>元宇宙婴儿期的证据可以在Lil Nas X音乐会（3300万次观看）、社区活动以及通过Nikeland、Vans World等进行的电子商务和品牌推广中看到。</blockquote></p><p><b>Financials Discussion</b></p><p><blockquote><b>财务讨论</b></blockquote></p><p><b>Revenue</b></p><p><blockquote><b>收入</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5594d13be98c855a6407266d40aebb7f\" tg-width=\"640\" tg-height=\"381\" width=\"100%\" height=\"auto\"/><span>Roblox Revenue (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox收入（Roblox投资者介绍）</span></p></blockquote></p><p>Roblox has experienced exceptional revenue growth, especially in the last couple of years. Revenue has been primarily driven by the increase in active users on the Roblox platform. Exceptional growth noted in Q2 2021 is very positive as this was our first attempt in North America to return to normalcy, but Roblox growth was sustained.</p><p><blockquote>Roblox经历了非凡的收入增长，尤其是在过去几年。收入主要是由Roblox平台活跃用户的增加推动的。2021年第二季度的非凡增长非常积极，因为这是我们在北美首次尝试恢复正常，但Roblox的增长是持续的。</blockquote></p><p>It is important to call out RBLX’s unique approach to revenue recognition though.</p><p><blockquote>不过，看涨期权RBLX独特的收入确认方法非常重要。</blockquote></p><p><b>Bookings and Roblox Revenue Recognition</b></p><p><blockquote><b>预订和Roblox收入确认</b></blockquote></p><p>When money has been exchanged for Robux (RBLX virtual currency), that is recorded as “bookings”. Revenue is then recognized when the Robux is exchanged for virtual goods and depending on the type of virtual good, there is a different revenue recognition schedule. Items in the Roblox ecosystem can either be “durable”, think clothing for the avatar, or “consumable”, think temporary boosts, Durable items are recognized over a 24-month period whereas consumables are recognized as revenue as soon as they are purchased. ~90% of Robux spent on the platform is on “durable” goods, so 90% of Robux spent is recognized over a 24-month period. This is an important thing to note as we look at Roblox’s bookings, or total conversion of real money to Robux.</p><p><blockquote>当金钱被兑换成Robux（RBLX虚拟货币）时，这被记录为“预订”。当Robux交换虚拟商品时，收入被确认，根据虚拟商品的类型，有不同的收入确认时间表。Roblox生态系统中的物品可以是“耐用的”（例如化身的衣服），也可以是“消耗品”（例如临时提升），耐用物品在24个月内确认，而消耗品在购买后立即确认为收入。~在该平台上花费的Robux 90%用于“耐用品”，因此90%的Robux支出在24个月内得到认可。当我们查看Roblox的预订或真钱到Robux的总转换时，这是需要注意的一件重要事情。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba29b20abeac7d88e4ac285bc32c0f81\" tg-width=\"640\" tg-height=\"371\" width=\"100%\" height=\"auto\"/><span>Roblox Bookings (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox预订（Roblox投资者演示）</span></p></blockquote></p><p><b>Costs</b></p><p><blockquote><b>成本</b></blockquote></p><p>Costs and expenses can be delineated into cost of revenue, which primarily consists of third-party payment processing fees, developer fees, which is the amount earned by developers and creators, personnel costs, infrastructure, trust, and safety costs in addition to other operating expenses which are primarily R&amp;D and SG&amp;A. The following is a breakdown of those costs as a % of revenue, of which we can see some scale taking place on some of the line items: G&amp;A, S&amp;M, infrastructure, and R&amp;D.</p><p><blockquote>成本和费用可以分为收入成本，主要包括第三方支付处理费、开发者费用（开发者和创作者赚取的金额）、人员成本、基础设施、信任和安全成本，以及其他运营费用主要是R&amp;D和SG&amp;A。以下是这些成本占收入百分比的明细，我们可以看到其中一些项目出现了一定的规模：G&amp;A、S&amp;M、基础设施和R&amp;D。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6e67165c82238f969583cb77f4308e7\" tg-width=\"640\" tg-height=\"380\" width=\"100%\" height=\"auto\"/><span>Roblox Costs (Roblox Filings)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox成本（Roblox备案）</span></p></blockquote></p><p><b>Free Cash Flow</b></p><p><blockquote><b>自由现金流</b></blockquote></p><p>RBLX has greatly accelerated their free cash flow generation over the last two years. Free cash flow in the below table is fairly standard cash flow from operations minus capital expenditures and acquisition of intangible assets. It is positive to see the potential of RBLX’s free cash flow generation with an early indicator of success over the past 6-7 quarters.</p><p><blockquote>RBLX在过去两年中大大加快了自由现金流的产生。下表中的自由现金流是相当标准的运营现金流减去资本支出和无形资产收购。看到RBLX产生自由现金流的潜力以及过去6-7个季度成功的早期指标是积极的。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c5731c917d72a9325094a1cc6e3156\" tg-width=\"640\" tg-height=\"345\" width=\"100%\" height=\"auto\"/><span>Roblox Free Cash Flow (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox自由现金流（Roblox投资者介绍）</span></p></blockquote></p><p><b>Valuation Considerations</b></p><p><blockquote><b>估值考虑</b></blockquote></p><p>Roblox is not exceptionally cheap. However, we are not buying Roblox for the near-term potential, but how it will capture and monetize youth attention. Technology companies recently have broadly pulled back which puts Roblox at a relatively attractive entry point near its IPO point. While Roblox is an expensive stock, the recent pullback and long-term potential make it an incredible value proposition. Currently, RBLX trades at around 11x forward sales and ~50x EBITDA.</p><p><blockquote>Roblox并不是特别便宜。然而，我们购买Roblox并不是因为其近期潜力，而是因为它将如何吸引年轻人的注意力并从中获利。科技公司最近普遍回调，这使得Roblox在IPO点附近处于相对有吸引力的切入点。虽然Roblox是一只昂贵的股票，但最近的回调和长期潜力使其成为一个令人难以置信的价值主张。目前，RBLX的交易价格约为远期销售额的11倍，EBITDA约为50倍。</blockquote></p><p><b>Comparable Companies</b></p><p><blockquote><b>可比公司</b></blockquote></p><p>It is difficult to ascertain a list of truly comparable companies with Roblox. Rather, Roblox is a combination of gaming, socialization, and an outlet for creativity. It’s ability to capture youth attention is invaluable and we can look through comparable companies in a sense to understand what a “gaming”, or “social” company is worth in isolation.</p><p><blockquote>很难确定与Roblox真正具有可比性的公司名单。相反，Roblox是游戏、社交和创造力出口的结合。它吸引年轻人注意力的能力是无价的，从某种意义上说，我们可以通过类似的公司来了解一家“游戏”或“社交”公司的孤立价值。</blockquote></p><p></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71b50f16c36ea4d96a99576634233570\" tg-width=\"640\" tg-height=\"226\" width=\"100%\" height=\"auto\"/><span>Roblox Comparable Companies Analysis (Author&#39;s Calculations)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox可比公司分析（作者计算）</span></p></blockquote></p><p><b>Summary of Thesis</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p>Roblox is a unique and highly attractive company. The current environment presents an opportunity to buy the future of youth attention with metaverse optionality. Here’s a summary of the thesis:</p><p><blockquote>Roblox是一家独特且极具吸引力的公司。当前的环境提供了一个机会，用元宇宙的可选性来购买年轻人关注的未来。以下是论文摘要：</blockquote></p><p><ul><li><b>A large and unique ecosystem with network effects.</b>Go-to form of entertainment and social interaction for an entire generation of users (16 and under). Scale forms a flywheel where users become developers that create content that attracts new users.</li><li><b>Disrupting game development.</b>RBLX outsources content production to its millions of users and only pays for successful content. Focus on UGC de-risks development and provides a broader more diverse content library without significant capital outlay on R&amp;D.</li><li><b>Multiple levers to drive future growth.</b>RBLX invests in platform functionality, the addressable market can grow by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and expand functionality beyond games and into human co-experiences</li><li><b>Attractive financial profile.</b>Combination of high growth, high margins, and cash flow generation. Growth accelerated by COVID-19 is expected to be relatively sticky due to user adoption and continue into the future.</li><li><b>RBLX can provide a virtual universe, or “metaverse”.</b>RBLX can continue to build on the virtual universe with the inclusion of entertainment, community, and e-commerce experiences.</li></ul></body></html></p><p><blockquote><ul><li><b>具有网络效应的庞大而独特的生态系统。</b>整整一代用户（16岁及以下）的娱乐和社交互动的首选形式。规模形成了一个飞轮，用户成为开发者，创造吸引新用户的内容。</li><li><b>扰乱游戏开发。</b>RBLX将内容制作外包给其数百万用户，并且只为成功的内容付费。专注于UGC可以降低开发风险，并提供更广泛、更多样化的内容库，而无需在R&amp;D投入大量资本。</li><li><b>多杠杆驱动未来增长。</b>RBLX投资于平台功能，潜在市场可以通过增加更复杂的游戏/开发者来增长。此外，RBLX可以扩展到国际市场，增加货币化，并将功能扩展到游戏之外，扩展到人类共同体验</li><li><b>有吸引力的财务状况。</b>高增长、高利润和现金流生成的结合。由于用户的采用，COVID-19加速的增长预计将相对具有粘性，并持续到未来。</li><li><b>RBLX可以提供一个虚拟宇宙，或“元宇宙”。</b>RBLX可以继续在虚拟世界的基础上构建娱乐、社区和电子商务体验。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Roblox Is A Compelling Risk/Reward Bet With Metaverse Optionality<blockquote>为什么Roblox是一个具有元宇宙可选性的引人注目的风险/回报赌注</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Roblox Is A Compelling Risk/Reward Bet With Metaverse Optionality<blockquote>为什么Roblox是一个具有元宇宙可选性的引人注目的风险/回报赌注</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2022-02-06 09:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Roblox offers a large and unique ecosystem with network effects. It provides go-to form of entertainment and social interaction for an entire generation of users. Scale forms a flywheel to attract users and developers.</li><li>Multiple growth avenues through growing the addressable market by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and drive a platform for human co-experiences.</li><li>Recent broad-based market pullback and technical movement present an interesting risk/reward weighted bet on Roblox given their immense long-term potential.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/185e1f3e86a121c4ef8f6e723cf0fea0\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>Roblox提供了一个具有网络效应的庞大而独特的生态系统。它为整整一代用户提供了娱乐和社交互动的首选形式。规模形成了吸引用户和开发者的飞轮。</li><li>通过增加更复杂的游戏/开发者来发展潜在市场，从而实现多种增长途径。此外，RBLX可以扩展到国际市场，增加货币化，并推动人类共同体验的平台。</li><li>鉴于Roblox巨大的长期潜力，最近广泛的市场回调和技术走势为Roblox提供了一个有趣的风险/回报加权押注。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p>Roblox (RBLX) is the “go-to” gaming, entertainment, and socialization platform for the youth (&lt;16 y/o) demographic in North America and Europe. Roblox is a highly attractive asset with a massive user base (150M+ MAUs), significant long-term potential, optionality in the growing prevalence of the “metaverse”, multiple growth levers to pull, and attractive user economics driving a reasonably robust financial profile. The broad-based tech pullback presents a great risk/reward point for RBLX.</p><p><blockquote>Roblox(RBLX)是北美和欧洲年轻人(&lt;16岁)的“首选”游戏、娱乐和社交平台。Roblox是一项极具吸引力的资产，拥有庞大的用户群（1.5亿+月活跃用户）、巨大的长期潜力、日益流行的“元宇宙”的可选性、多种增长杠杆以及推动相当强劲的财务状况的有吸引力的用户经济学。广泛的科技回调为RBLX带来了巨大的风险/回报点。</blockquote></p><p><b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p>Roblox is a gaming and social entertainment platform where individuals can design, build, or play games. Users create their own avatars and play any number of thousands of games that are all created by other players. RBLX is more than a game, but rather an entire ecosystem where creators (user developers) build games and experiences on RBLX’s creative engine and upload them to the RBLX platform for users to play. It manifests itself into a 3D `universe’ where people can gather, game, and socialize.</p><p><blockquote>Roblox是一个游戏和社交娱乐平台，个人可以在这里设计、构建或玩游戏。用户创建自己的头像，玩数以千计的游戏，这些游戏都是由其他玩家创建的。RBLX不仅仅是一款游戏，而是一个完整的生态系统，创作者（用户开发者）在RBLX的创意引擎上构建游戏和体验，并将其上传到RBLX平台供用户玩。它表现为一个3D“宇宙”，人们可以在那里聚集、游戏和社交。</blockquote></p><p>The RBLX infrastructure consists of three pillars:</p><p><blockquote>RBLX基础设施由三大支柱组成：</blockquote></p><p><ul><li><i>Roblox Client:</i>the application that allows users to play the games</li><li><i>Roblox Studio</i>: the toolset that enables creators and developers to build, publish, and operate games and experiences that other users can access in the game client. It requires little to no code to develop a game.</li><li><i>Roblox Cloud</i>: the services and infrastructure that support and power the platform</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26be3a6043a5e7ac91e31590ff1351bd\" tg-width=\"460\" tg-height=\"345\" width=\"100%\" height=\"auto\"/><span>Roblox Studio Example (WikiHow)</span></p><p><blockquote><ul><li><i>Roblox客户端：</i>允许用户玩游戏的应用程序</li><li><i>Roblox工作室</i>：使创作者和开发者能够构建、发布和操作其他用户可以在游戏客户端中访问的游戏和体验的工具集。开发一个游戏几乎不需要代码。</li><li><i>Roblox云</i>：支持和支持平台的服务和基础设施</li></ul><p class=\"t-img-caption\"><span>Roblox Studio示例(WikiHow)</span></p></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df07a21f7dd773490412bb63b4379121\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"/><span>Roblox Experience Example (Vansworld)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox体验示例（Vansworld）</span></p></blockquote></p><p>While most users enter the platform as gamers, the platform has expanded to become a hub for social interaction where users can watch concerts, movies, or socialize.</p><p><blockquote>虽然大多数用户以游戏玩家的身份进入该平台，但该平台已经扩展成为社交互动的中心，用户可以在这里观看音乐会、电影或社交。</blockquote></p><p><i>Roblox’s mission is to build a human co-experience platform that enables shared experiences among billions of users.</i>Every day, tens of millions of people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of millions of creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world.(Roblox Reports November 2021 Key Metrics).Business Model</p><p><blockquote><i>Roblox的使命是建立一个人类共同体验平台，使数十亿用户能够共享体验。</i>每天，世界各地都有数千万人与朋友一起探索数百万种身临其境的数字体验。所有这些体验都是由由数百万创作者组成的Roblox社区构建的。我们相信建立一个安全、文明和多元化的社区——一个激发和培养世界各地人们之间创造力和积极关系的社区。（Roblox报告2021年11月关键指标）。商业模式</blockquote></p><p>Roblox primarily earns revenue via the sale of their virtual currency, “Robux”, to users. Here is a quick breakdown of how Robux works from both the developer and user perspective:</p><p><blockquote>Roblox主要通过向用户出售虚拟货币“Robux”来赚取收入。以下是从开发人员和用户的角度快速分析Robux的工作原理：</blockquote></p><p><ul><li>Developers create and publish games to the platform which either offer cosmetic items for sale within their game or have some aspect of a typical pay-to-play game, where users must pay to progress in their journey.</li><li>Users of the game exchange real-world currencies for Robux and spend these Robux on such items/expansions.</li><li>Roblox takes their cut of the transaction, pays the app stores, and gives the rest to the developers.</li><li>The developers can exchange the Robux for real-world currencies.</li></ul><b>Investment Thesis</b></p><p><blockquote><ul><li>开发者创建游戏并向平台发布游戏，这些游戏要么在游戏中提供化妆品出售，要么具有典型的付费游戏的某些方面，用户必须付费才能在旅程中取得进展。</li><li>游戏的用户用现实世界的货币兑换Robux，并把这些Robux花在这样的物品/资料片上。</li><li>Roblox从交易中抽取他们的分成，向应用商店付款，并将其余部分交给开发者。</li><li>开发者可以将Robux兑换成现实世界的货币。</li></ul><b>投资论文</b></blockquote></p><p>Roblox is an attractive asset. There is significant long-term potential due to the following factors of their business model paired with the relatively attractive current entry point due to a non-fundamental pullback.</p><p><blockquote>Roblox是一项有吸引力的资产。由于其商业模式的以下因素，加上非基本面回调导致的相对有吸引力的当前切入点，因此具有巨大的长期潜力。</blockquote></p><p><ol><li>It is a unique and large ecosystem with strong network effects.</li><li>Disrupts the typical video game value chain turning users into creators and decentralizing production.</li><li>Numerous growth avenues to expand the user base and monetization</li><li>Optionality beyond gaming and into the “metaverse” -- or virtual universe</li></ol><b>Ecosystem, Network Effects, and the Roblox Flywheel</b></p><p><blockquote><ol><li>它是一个独特的大型生态系统，具有很强的网络效应。</li><li>颠覆了典型的视频游戏价值链，将用户转变为创作者，分散生产。</li><li>扩大用户群和货币化的众多增长途径</li><li>超越游戏进入“元宇宙”或虚拟世界的可选性</li></ol><b>生态系统、网络效应和Roblox飞轮</b></blockquote></p><p></p><p>Roblox has built a tremendous platform with over 150 million monthly active users (MAUs) and is the first choice of entertainment and social interaction for the entire generation of children and adolescents in North America and Europe. The sheer scale of users on Roblox spins their flywheel where the number of users attracts developers to design engaging content which in turn attracts more users and higher monetization potential. Below is an illustration of how this virtuous cycle works:</p><p><blockquote>Roblox已经建立了一个拥有超过1.5亿月活跃用户（MAU）的庞大平台，是北美和欧洲整整一代儿童和青少年娱乐和社交的首选。Roblox上庞大的用户规模旋转着他们的飞轮，用户数量吸引开发者设计引人入胜的内容，从而吸引更多用户和更高的货币化潜力。以下是这种良性循环如何运作的示例：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ee981096e0e6ae86ee32aa48c2531c\" tg-width=\"640\" tg-height=\"438\" width=\"100%\" height=\"auto\"/><span>Roblox Flywheel (Created by user)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox飞轮（由用户创建）</span></p></blockquote></p><p>The installed base of users is sticky via both the inherently social nature of the platform and money spent on the platform to unlock games or outfit their avatars which disincentivizes exploring other platforms and reinforces the competitive moat. We can see this through their impressive daily active user growth.</p><p><blockquote>通过平台固有的社交性质以及在平台上花费的用于解锁游戏或装备头像的资金，用户的安装基础具有粘性，这抑制了探索其他平台的积极性，并加强了竞争护城河。我们可以通过他们令人印象深刻的日活跃用户增长看到这一点。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2c3a78fb184d8e874431939c9765d79\" tg-width=\"640\" tg-height=\"378\" width=\"100%\" height=\"auto\"/><span>Roblox Daily Active Users (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox每日活跃用户（Roblox投资者演示）</span></p></blockquote></p><p>On the point of avatars, Roblox is centered around user identity via their created avatars. All users on Roblox have a unique identity that allows for individual expression and these avatars transcend any individual game as the user avatar is used across all games in the Roblox universe.</p><p><blockquote>在头像方面，Roblox通过用户创建的头像以用户身份为中心。Roblox上的所有用户都有一个独特的身份，允许个人表达，这些头像超越了任何个人游戏，因为用户头像在Roblox宇宙中的所有游戏中都使用。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/055bdec56beca6d556ae0395c8ecdb2a\" tg-width=\"640\" tg-height=\"578\" width=\"100%\" height=\"auto\"/><span>Roblox Avatar Customization (Roblox)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox头像定制（Roblox）</span></p></blockquote></p><p><b>Decentralized Game and Experience Production</b></p><p><blockquote><b>去中心化游戏和体验制作</b></blockquote></p><p>As previously mentioned, Roblox’s games and experiences are user-generated content (UGC). Roblox empowers its users to become developers/creators by providing them with the tools to do so through Roblox Studio and supporting the back-end on Roblox Cloud.</p><p><blockquote>如前所述，Roblox的游戏和体验是用户生成内容（UGC）。Roblox通过Roblox Studio为用户提供工具并支持Roblox Cloud上的后端，使他们能够成为开发人员/创作者。</blockquote></p><p>In traditional video game production and R&amp;D, the capital is spent upfront and costs can be exceptionally high (“AAA” games can cost $100M+, ex. Cyberpunk 2077 had a budget of $300M) and there is no certainty of success and constant unpredictability of community perception. For Roblox, they “outsource” their game production to millions of eager developers and pay for only successful content. Essentially, RBLX being based on UGC continuously feeds the platform while de-risking the development process and solving for launch risk and franchise fatigue that “AAA” games face.</p><p><blockquote>在传统的视频游戏制作和R&amp;D，资本是预先支出的，成本可能非常高（“AAA”游戏可能花费1亿美元以上，例如赛博朋克2077的预算为3亿美元），成功没有确定性，社区认知也没有持续的不可预测性。对于Roblox来说，他们将游戏制作“外包”给数百万热切的开发者，只为成功的内容付费。本质上，基于UGC的RBLX不断为平台提供信息，同时降低开发过程的风险，解决“AAA”游戏面临的发布风险和特许经营疲劳。</blockquote></p><p><b>Examples of RBLX games:</b>Adopt Me! (17bn visits), Tower of Hell (7bn visits), Welcome to Bloxburg (4bn visits).</p><p><blockquote><b>RBLX游戏示例：</b>收养我吧！（170亿访问量），地狱之塔（70亿访问量），欢迎来到布洛克斯堡（40亿访问量）。</blockquote></p><p><b>Growth Avenues Expanding User Base and Increasing Monetization</b></p><p><blockquote><b>增长途径扩大用户群并增加货币化</b></blockquote></p><p>Roblox has grown tremendously and has a significant presence in their core market (8-12 yr olds in western markets). There are numerous levers to be pulled by management to continue top-line growth.</p><p><blockquote>Roblox发展迅速，在其核心市场（西方市场的8-12岁儿童）占有重要地位。管理层可以利用许多杠杆来继续营收增长。</blockquote></p><p><ol><li><b>Expand user base in international markets.</b>Roblox is highly penetrated in western/English-speaking markets. International expansion has seen early indications of success (2-3x user growth in Japan and Korea). The Chinese market is not served by RBLX. Could represent 50-100m new MAUs via Tencent license.</li><li><b>Increase appeal to older audiences.</b>~50% of daily-active users are &lt;12 y/o so there is significant upside in capturing older audiences. Continued investment in the platform and development of sophisticated games could attract this audience. There is early evidence of success as Roblox has improved its sophistication with the 13 and older audience growing at ~70% vs. 50% of the 13 and under audience on average over the last three years.</li><li><b>Increase monetization.</b>Increasing importance of digital identity should lead to increased spending. Working with developers to better monetize content for mutual benefit. Grow subscription offerings via Roblox premium. Roblox increasingly working with corporate sponsors to add branded content to the game (Nike, Gucci, LVMH, North Face/Vans, etc.). There is a significant incentive for consumer brands such as these to work with Roblox as the lifetime value of these young consumers is high. From Roblox’s November 2021 Investor Day, they explain how every company will have a Roblox strategy in the future.</li><li><b>Expanded platform use and improved functionality.</b>Continued expansion beyond gaming into social, entertainment, learning, e-commerce, and broadly more human co-experiences. An example would be the virtual concerts that are being held on the RBLX platform. Experiences become increasingly engaging and less distinguishable from real-world experiences (examples include: 3D spatial audio implementation, high fidelity avatars, etc.)</li></ol><b>The Leader in the Emerging “Metaverse”</b></p><p><blockquote><ol><li><b>扩大国际市场用户群。</b>Roblox在西方/英语市场的渗透率很高。国际扩张已经看到了成功的早期迹象（日本和韩国的用户增长了2-3倍）。RBLX不服务中国市场。可以通过腾讯控股许可代表5000万至1亿新月活跃用户。</li><li><b>增加对老年观众的吸引力。</b>约50%的日活跃用户年龄&lt;12岁，因此在吸引老年受众方面有很大的优势。对平台的持续投资和复杂游戏的开发可以吸引这些观众。有早期的成功证据表明，Roblox提高了其成熟度，13岁及以上的观众增长率约为70%，而过去三年13岁及以下观众的平均增长率为50%。</li><li><b>增加货币化。</b>数字身份日益增长的重要性应该会导致支出的增加。与开发者合作，更好地将内容货币化，实现互惠互利。通过Roblox premium发展订阅产品。Roblox越来越多地与企业赞助商合作，为游戏添加品牌内容（耐克、古驰、路威酩轩、North Face/Vans等）。）.由于这些年轻消费者的终身价值很高，因此此类消费品牌有很大的动力与Roblox合作。从Roblox 2021年11月的投资者日开始，他们解释了未来每家公司将如何制定Roblox战略。</li><li><b>扩展了平台使用并改进了功能。</b>继续从游戏扩展到社交、娱乐、学习、电子商务和更广泛的人类共同体验。一个例子是在RBLX平台上举行的虚拟音乐会。体验变得越来越引人入胜，与现实世界体验的区别越来越小（示例包括：3D空间音频实现、高保真化身等）</li></ol><b>新兴“元宇宙”中的佼佼者</b></blockquote></p><p></p><p>Roblox is a social destination. Players stay connected and share experiences with friends. Expanding these virtual experiences will reduce the traditional barriers between games, social entertainment, and commerce. The idea of a “metaverse” is not a new idea, but with powerful and accessible consumer devices, high-speed connections, and cloud computing the concept of the metaverse can be enabled by the right platform. As mentioned above, the continued improvement of the Roblox platform will bring engaging experiences that mirror real life.</p><p><blockquote>Roblox是一个社交目的地。玩家保持联系，与朋友分享经验。扩展这些虚拟体验将减少游戏、社交娱乐和商业之间的传统壁垒。“元宇宙”的想法并不是一个新想法，但通过强大且可访问的消费设备、高速连接和云计算，元宇宙的概念可以通过正确的平台来实现。如上所述，Roblox平台的持续改进将带来反映现实生活的引人入胜的体验。</blockquote></p><p>On the front of commerce, Roblox’s VP of Marketing explains how “whether you’re a sports franchise, a fashion brand, movie studio, or musical artist, there are endless possibilities for authentic and immersive experiences that bring your brand to life”.</p><p><blockquote>在商业方面，Roblox的营销副总裁解释了“无论你是体育特许经营、时尚品牌、电影工作室还是音乐艺术家，都有无限的可能性让你的品牌栩栩如生”。</blockquote></p><p>Evidence of Metaverse infancy can be seen in events like the Lil Nas X concert (33 million views), community events, and e-commerce and branding through Nikeland, Vans World, etc.</p><p><blockquote>元宇宙婴儿期的证据可以在Lil Nas X音乐会（3300万次观看）、社区活动以及通过Nikeland、Vans World等进行的电子商务和品牌推广中看到。</blockquote></p><p><b>Financials Discussion</b></p><p><blockquote><b>财务讨论</b></blockquote></p><p><b>Revenue</b></p><p><blockquote><b>收入</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5594d13be98c855a6407266d40aebb7f\" tg-width=\"640\" tg-height=\"381\" width=\"100%\" height=\"auto\"/><span>Roblox Revenue (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox收入（Roblox投资者介绍）</span></p></blockquote></p><p>Roblox has experienced exceptional revenue growth, especially in the last couple of years. Revenue has been primarily driven by the increase in active users on the Roblox platform. Exceptional growth noted in Q2 2021 is very positive as this was our first attempt in North America to return to normalcy, but Roblox growth was sustained.</p><p><blockquote>Roblox经历了非凡的收入增长，尤其是在过去几年。收入主要是由Roblox平台活跃用户的增加推动的。2021年第二季度的非凡增长非常积极，因为这是我们在北美首次尝试恢复正常，但Roblox的增长是持续的。</blockquote></p><p>It is important to call out RBLX’s unique approach to revenue recognition though.</p><p><blockquote>不过，看涨期权RBLX独特的收入确认方法非常重要。</blockquote></p><p><b>Bookings and Roblox Revenue Recognition</b></p><p><blockquote><b>预订和Roblox收入确认</b></blockquote></p><p>When money has been exchanged for Robux (RBLX virtual currency), that is recorded as “bookings”. Revenue is then recognized when the Robux is exchanged for virtual goods and depending on the type of virtual good, there is a different revenue recognition schedule. Items in the Roblox ecosystem can either be “durable”, think clothing for the avatar, or “consumable”, think temporary boosts, Durable items are recognized over a 24-month period whereas consumables are recognized as revenue as soon as they are purchased. ~90% of Robux spent on the platform is on “durable” goods, so 90% of Robux spent is recognized over a 24-month period. This is an important thing to note as we look at Roblox’s bookings, or total conversion of real money to Robux.</p><p><blockquote>当金钱被兑换成Robux（RBLX虚拟货币）时，这被记录为“预订”。当Robux交换虚拟商品时，收入被确认，根据虚拟商品的类型，有不同的收入确认时间表。Roblox生态系统中的物品可以是“耐用的”（例如化身的衣服），也可以是“消耗品”（例如临时提升），耐用物品在24个月内确认，而消耗品在购买后立即确认为收入。~在该平台上花费的Robux 90%用于“耐用品”，因此90%的Robux支出在24个月内得到认可。当我们查看Roblox的预订或真钱到Robux的总转换时，这是需要注意的一件重要事情。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba29b20abeac7d88e4ac285bc32c0f81\" tg-width=\"640\" tg-height=\"371\" width=\"100%\" height=\"auto\"/><span>Roblox Bookings (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox预订（Roblox投资者演示）</span></p></blockquote></p><p><b>Costs</b></p><p><blockquote><b>成本</b></blockquote></p><p>Costs and expenses can be delineated into cost of revenue, which primarily consists of third-party payment processing fees, developer fees, which is the amount earned by developers and creators, personnel costs, infrastructure, trust, and safety costs in addition to other operating expenses which are primarily R&amp;D and SG&amp;A. The following is a breakdown of those costs as a % of revenue, of which we can see some scale taking place on some of the line items: G&amp;A, S&amp;M, infrastructure, and R&amp;D.</p><p><blockquote>成本和费用可以分为收入成本，主要包括第三方支付处理费、开发者费用（开发者和创作者赚取的金额）、人员成本、基础设施、信任和安全成本，以及其他运营费用主要是R&amp;D和SG&amp;A。以下是这些成本占收入百分比的明细，我们可以看到其中一些项目出现了一定的规模：G&amp;A、S&amp;M、基础设施和R&amp;D。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6e67165c82238f969583cb77f4308e7\" tg-width=\"640\" tg-height=\"380\" width=\"100%\" height=\"auto\"/><span>Roblox Costs (Roblox Filings)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox成本（Roblox备案）</span></p></blockquote></p><p><b>Free Cash Flow</b></p><p><blockquote><b>自由现金流</b></blockquote></p><p>RBLX has greatly accelerated their free cash flow generation over the last two years. Free cash flow in the below table is fairly standard cash flow from operations minus capital expenditures and acquisition of intangible assets. It is positive to see the potential of RBLX’s free cash flow generation with an early indicator of success over the past 6-7 quarters.</p><p><blockquote>RBLX在过去两年中大大加快了自由现金流的产生。下表中的自由现金流是相当标准的运营现金流减去资本支出和无形资产收购。看到RBLX产生自由现金流的潜力以及过去6-7个季度成功的早期指标是积极的。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c5731c917d72a9325094a1cc6e3156\" tg-width=\"640\" tg-height=\"345\" width=\"100%\" height=\"auto\"/><span>Roblox Free Cash Flow (Roblox Investor Presentation)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox自由现金流（Roblox投资者介绍）</span></p></blockquote></p><p><b>Valuation Considerations</b></p><p><blockquote><b>估值考虑</b></blockquote></p><p>Roblox is not exceptionally cheap. However, we are not buying Roblox for the near-term potential, but how it will capture and monetize youth attention. Technology companies recently have broadly pulled back which puts Roblox at a relatively attractive entry point near its IPO point. While Roblox is an expensive stock, the recent pullback and long-term potential make it an incredible value proposition. Currently, RBLX trades at around 11x forward sales and ~50x EBITDA.</p><p><blockquote>Roblox并不是特别便宜。然而，我们购买Roblox并不是因为其近期潜力，而是因为它将如何吸引年轻人的注意力并从中获利。科技公司最近普遍回调，这使得Roblox在IPO点附近处于相对有吸引力的切入点。虽然Roblox是一只昂贵的股票，但最近的回调和长期潜力使其成为一个令人难以置信的价值主张。目前，RBLX的交易价格约为远期销售额的11倍，EBITDA约为50倍。</blockquote></p><p><b>Comparable Companies</b></p><p><blockquote><b>可比公司</b></blockquote></p><p>It is difficult to ascertain a list of truly comparable companies with Roblox. Rather, Roblox is a combination of gaming, socialization, and an outlet for creativity. It’s ability to capture youth attention is invaluable and we can look through comparable companies in a sense to understand what a “gaming”, or “social” company is worth in isolation.</p><p><blockquote>很难确定与Roblox真正具有可比性的公司名单。相反，Roblox是游戏、社交和创造力出口的结合。它吸引年轻人注意力的能力是无价的，从某种意义上说，我们可以通过类似的公司来了解一家“游戏”或“社交”公司的孤立价值。</blockquote></p><p></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71b50f16c36ea4d96a99576634233570\" tg-width=\"640\" tg-height=\"226\" width=\"100%\" height=\"auto\"/><span>Roblox Comparable Companies Analysis (Author&#39;s Calculations)</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox可比公司分析（作者计算）</span></p></blockquote></p><p><b>Summary of Thesis</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p>Roblox is a unique and highly attractive company. The current environment presents an opportunity to buy the future of youth attention with metaverse optionality. Here’s a summary of the thesis:</p><p><blockquote>Roblox是一家独特且极具吸引力的公司。当前的环境提供了一个机会，用元宇宙的可选性来购买年轻人关注的未来。以下是论文摘要：</blockquote></p><p><ul><li><b>A large and unique ecosystem with network effects.</b>Go-to form of entertainment and social interaction for an entire generation of users (16 and under). Scale forms a flywheel where users become developers that create content that attracts new users.</li><li><b>Disrupting game development.</b>RBLX outsources content production to its millions of users and only pays for successful content. Focus on UGC de-risks development and provides a broader more diverse content library without significant capital outlay on R&amp;D.</li><li><b>Multiple levers to drive future growth.</b>RBLX invests in platform functionality, the addressable market can grow by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and expand functionality beyond games and into human co-experiences</li><li><b>Attractive financial profile.</b>Combination of high growth, high margins, and cash flow generation. Growth accelerated by COVID-19 is expected to be relatively sticky due to user adoption and continue into the future.</li><li><b>RBLX can provide a virtual universe, or “metaverse”.</b>RBLX can continue to build on the virtual universe with the inclusion of entertainment, community, and e-commerce experiences.</li></ul></body></html></p><p><blockquote><ul><li><b>具有网络效应的庞大而独特的生态系统。</b>整整一代用户（16岁及以下）的娱乐和社交互动的首选形式。规模形成了一个飞轮，用户成为开发者，创造吸引新用户的内容。</li><li><b>扰乱游戏开发。</b>RBLX将内容制作外包给其数百万用户，并且只为成功的内容付费。专注于UGC可以降低开发风险，并提供更广泛、更多样化的内容库，而无需在R&amp;D投入大量资本。</li><li><b>多杠杆驱动未来增长。</b>RBLX投资于平台功能，潜在市场可以通过增加更复杂的游戏/开发者来增长。此外，RBLX可以扩展到国际市场，增加货币化，并将功能扩展到游戏之外，扩展到人类共同体验</li><li><b>有吸引力的财务状况。</b>高增长、高利润和现金流生成的结合。由于用户的采用，COVID-19加速的增长预计将相对具有粘性，并持续到未来。</li><li><b>RBLX可以提供一个虚拟宇宙，或“元宇宙”。</b>RBLX可以继续在虚拟世界的基础上构建娱乐、社区和电子商务体验。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4484641-roblox-a-compelling-riskreward-bet-with-metaverse-optionality\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://seekingalpha.com/article/4484641-roblox-a-compelling-riskreward-bet-with-metaverse-optionality","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180547636","content_text":"SummaryRoblox offers a large and unique ecosystem with network effects. It provides go-to form of entertainment and social interaction for an entire generation of users. Scale forms a flywheel to attract users and developers.Multiple growth avenues through growing the addressable market by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and drive a platform for human co-experiences.Recent broad-based market pullback and technical movement present an interesting risk/reward weighted bet on Roblox given their immense long-term potential.Michael Vi/iStock Editorial via Getty ImagesRoblox (RBLX) is the “go-to” gaming, entertainment, and socialization platform for the youth (<16 y/o) demographic in North America and Europe. Roblox is a highly attractive asset with a massive user base (150M+ MAUs), significant long-term potential, optionality in the growing prevalence of the “metaverse”, multiple growth levers to pull, and attractive user economics driving a reasonably robust financial profile. The broad-based tech pullback presents a great risk/reward point for RBLX.Company OverviewRoblox is a gaming and social entertainment platform where individuals can design, build, or play games. Users create their own avatars and play any number of thousands of games that are all created by other players. RBLX is more than a game, but rather an entire ecosystem where creators (user developers) build games and experiences on RBLX’s creative engine and upload them to the RBLX platform for users to play. It manifests itself into a 3D `universe’ where people can gather, game, and socialize.The RBLX infrastructure consists of three pillars:Roblox Client:the application that allows users to play the gamesRoblox Studio: the toolset that enables creators and developers to build, publish, and operate games and experiences that other users can access in the game client. It requires little to no code to develop a game.Roblox Cloud: the services and infrastructure that support and power the platformRoblox Studio Example (WikiHow)Roblox Experience Example (Vansworld)While most users enter the platform as gamers, the platform has expanded to become a hub for social interaction where users can watch concerts, movies, or socialize.Roblox’s mission is to build a human co-experience platform that enables shared experiences among billions of users.Every day, tens of millions of people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of millions of creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world.(Roblox Reports November 2021 Key Metrics).Business ModelRoblox primarily earns revenue via the sale of their virtual currency, “Robux”, to users. Here is a quick breakdown of how Robux works from both the developer and user perspective:Developers create and publish games to the platform which either offer cosmetic items for sale within their game or have some aspect of a typical pay-to-play game, where users must pay to progress in their journey.Users of the game exchange real-world currencies for Robux and spend these Robux on such items/expansions.Roblox takes their cut of the transaction, pays the app stores, and gives the rest to the developers.The developers can exchange the Robux for real-world currencies.Investment ThesisRoblox is an attractive asset. There is significant long-term potential due to the following factors of their business model paired with the relatively attractive current entry point due to a non-fundamental pullback.It is a unique and large ecosystem with strong network effects.Disrupts the typical video game value chain turning users into creators and decentralizing production.Numerous growth avenues to expand the user base and monetizationOptionality beyond gaming and into the “metaverse” -- or virtual universeEcosystem, Network Effects, and the Roblox FlywheelRoblox has built a tremendous platform with over 150 million monthly active users (MAUs) and is the first choice of entertainment and social interaction for the entire generation of children and adolescents in North America and Europe. The sheer scale of users on Roblox spins their flywheel where the number of users attracts developers to design engaging content which in turn attracts more users and higher monetization potential. Below is an illustration of how this virtuous cycle works:Roblox Flywheel (Created by user)The installed base of users is sticky via both the inherently social nature of the platform and money spent on the platform to unlock games or outfit their avatars which disincentivizes exploring other platforms and reinforces the competitive moat. We can see this through their impressive daily active user growth.Roblox Daily Active Users (Roblox Investor Presentation)On the point of avatars, Roblox is centered around user identity via their created avatars. All users on Roblox have a unique identity that allows for individual expression and these avatars transcend any individual game as the user avatar is used across all games in the Roblox universe.Roblox Avatar Customization (Roblox)Decentralized Game and Experience ProductionAs previously mentioned, Roblox’s games and experiences are user-generated content (UGC). Roblox empowers its users to become developers/creators by providing them with the tools to do so through Roblox Studio and supporting the back-end on Roblox Cloud.In traditional video game production and R&D, the capital is spent upfront and costs can be exceptionally high (“AAA” games can cost $100M+, ex. Cyberpunk 2077 had a budget of $300M) and there is no certainty of success and constant unpredictability of community perception. For Roblox, they “outsource” their game production to millions of eager developers and pay for only successful content. Essentially, RBLX being based on UGC continuously feeds the platform while de-risking the development process and solving for launch risk and franchise fatigue that “AAA” games face.Examples of RBLX games:Adopt Me! (17bn visits), Tower of Hell (7bn visits), Welcome to Bloxburg (4bn visits).Growth Avenues Expanding User Base and Increasing MonetizationRoblox has grown tremendously and has a significant presence in their core market (8-12 yr olds in western markets). There are numerous levers to be pulled by management to continue top-line growth.Expand user base in international markets.Roblox is highly penetrated in western/English-speaking markets. International expansion has seen early indications of success (2-3x user growth in Japan and Korea). The Chinese market is not served by RBLX. Could represent 50-100m new MAUs via Tencent license.Increase appeal to older audiences.~50% of daily-active users are <12 y/o so there is significant upside in capturing older audiences. Continued investment in the platform and development of sophisticated games could attract this audience. There is early evidence of success as Roblox has improved its sophistication with the 13 and older audience growing at ~70% vs. 50% of the 13 and under audience on average over the last three years.Increase monetization.Increasing importance of digital identity should lead to increased spending. Working with developers to better monetize content for mutual benefit. Grow subscription offerings via Roblox premium. Roblox increasingly working with corporate sponsors to add branded content to the game (Nike, Gucci, LVMH, North Face/Vans, etc.). There is a significant incentive for consumer brands such as these to work with Roblox as the lifetime value of these young consumers is high. From Roblox’s November 2021 Investor Day, they explain how every company will have a Roblox strategy in the future.Expanded platform use and improved functionality.Continued expansion beyond gaming into social, entertainment, learning, e-commerce, and broadly more human co-experiences. An example would be the virtual concerts that are being held on the RBLX platform. Experiences become increasingly engaging and less distinguishable from real-world experiences (examples include: 3D spatial audio implementation, high fidelity avatars, etc.)The Leader in the Emerging “Metaverse”Roblox is a social destination. Players stay connected and share experiences with friends. Expanding these virtual experiences will reduce the traditional barriers between games, social entertainment, and commerce. The idea of a “metaverse” is not a new idea, but with powerful and accessible consumer devices, high-speed connections, and cloud computing the concept of the metaverse can be enabled by the right platform. As mentioned above, the continued improvement of the Roblox platform will bring engaging experiences that mirror real life.On the front of commerce, Roblox’s VP of Marketing explains how “whether you’re a sports franchise, a fashion brand, movie studio, or musical artist, there are endless possibilities for authentic and immersive experiences that bring your brand to life”.Evidence of Metaverse infancy can be seen in events like the Lil Nas X concert (33 million views), community events, and e-commerce and branding through Nikeland, Vans World, etc.Financials DiscussionRevenueRoblox Revenue (Roblox Investor Presentation)Roblox has experienced exceptional revenue growth, especially in the last couple of years. Revenue has been primarily driven by the increase in active users on the Roblox platform. Exceptional growth noted in Q2 2021 is very positive as this was our first attempt in North America to return to normalcy, but Roblox growth was sustained.It is important to call out RBLX’s unique approach to revenue recognition though.Bookings and Roblox Revenue RecognitionWhen money has been exchanged for Robux (RBLX virtual currency), that is recorded as “bookings”. Revenue is then recognized when the Robux is exchanged for virtual goods and depending on the type of virtual good, there is a different revenue recognition schedule. Items in the Roblox ecosystem can either be “durable”, think clothing for the avatar, or “consumable”, think temporary boosts, Durable items are recognized over a 24-month period whereas consumables are recognized as revenue as soon as they are purchased. ~90% of Robux spent on the platform is on “durable” goods, so 90% of Robux spent is recognized over a 24-month period. This is an important thing to note as we look at Roblox’s bookings, or total conversion of real money to Robux.Roblox Bookings (Roblox Investor Presentation)CostsCosts and expenses can be delineated into cost of revenue, which primarily consists of third-party payment processing fees, developer fees, which is the amount earned by developers and creators, personnel costs, infrastructure, trust, and safety costs in addition to other operating expenses which are primarily R&D and SG&A. The following is a breakdown of those costs as a % of revenue, of which we can see some scale taking place on some of the line items: G&A, S&M, infrastructure, and R&D.Roblox Costs (Roblox Filings)Free Cash FlowRBLX has greatly accelerated their free cash flow generation over the last two years. Free cash flow in the below table is fairly standard cash flow from operations minus capital expenditures and acquisition of intangible assets. It is positive to see the potential of RBLX’s free cash flow generation with an early indicator of success over the past 6-7 quarters.Roblox Free Cash Flow (Roblox Investor Presentation)Valuation ConsiderationsRoblox is not exceptionally cheap. However, we are not buying Roblox for the near-term potential, but how it will capture and monetize youth attention. Technology companies recently have broadly pulled back which puts Roblox at a relatively attractive entry point near its IPO point. While Roblox is an expensive stock, the recent pullback and long-term potential make it an incredible value proposition. Currently, RBLX trades at around 11x forward sales and ~50x EBITDA.Comparable CompaniesIt is difficult to ascertain a list of truly comparable companies with Roblox. Rather, Roblox is a combination of gaming, socialization, and an outlet for creativity. It’s ability to capture youth attention is invaluable and we can look through comparable companies in a sense to understand what a “gaming”, or “social” company is worth in isolation.Roblox Comparable Companies Analysis (Author's Calculations)Summary of ThesisRoblox is a unique and highly attractive company. The current environment presents an opportunity to buy the future of youth attention with metaverse optionality. Here’s a summary of the thesis:A large and unique ecosystem with network effects.Go-to form of entertainment and social interaction for an entire generation of users (16 and under). Scale forms a flywheel where users become developers that create content that attracts new users.Disrupting game development.RBLX outsources content production to its millions of users and only pays for successful content. Focus on UGC de-risks development and provides a broader more diverse content library without significant capital outlay on R&D.Multiple levers to drive future growth.RBLX invests in platform functionality, the addressable market can grow by adding more sophisticated games/developers. Additionally, RBLX can expand into international markets, increase monetization, and expand functionality beyond games and into human co-experiencesAttractive financial profile.Combination of high growth, high margins, and cash flow generation. Growth accelerated by COVID-19 is expected to be relatively sticky due to user adoption and continue into the future.RBLX can provide a virtual universe, or “metaverse”.RBLX can continue to build on the virtual universe with the inclusion of entertainment, community, and e-commerce experiences.","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633653325,"gmtCreate":1644027919910,"gmtModify":1644027920161,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/633653325","repostId":"2208911873","repostType":4,"isVote":1,"tweetType":1,"viewCount":2987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633894843,"gmtCreate":1643905450715,"gmtModify":1643905450916,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633894843","repostId":"2208997843","repostType":4,"isVote":1,"tweetType":1,"viewCount":3138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":639875008,"gmtCreate":1643264480633,"gmtModify":1643264480841,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/639875008","repostId":"2206894951","repostType":4,"repost":{"id":"2206894951","kind":"highlight","pubTimestamp":1643242860,"share":"https://www.laohu8.com/m/news/2206894951?lang=zh_CN&edition=full","pubTime":"2022-01-27 08:21","market":"us","language":"en","title":"11 arguments that will define 'titanic battle' between stock market bulls and bears as Fed lifts rates<blockquote>随着美联储加息，11个论点将定义股市多头和空头之间的“泰坦尼克号之战”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2206894951","media":"MarketWatch","summary":"Equity market won't be a 'one-way street' as hiking cycle gets under way: Deutsche Bank's RuskinFede","content":"<p><html><head></head><body>Equity market won&#39;t be a &#39;one-way street&#39; as hiking cycle gets under way: Deutsche Bank&#39;s Ruskin</p><p><blockquote><html><head></head><body>德意志银行罗斯金：随着加息周期的开始，股市不会成为“单行道”</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dd6bbcfb2a13d8db8a001db7e33935d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Federal Reserve Chairman Jerome Powell  Pool/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔普尔/盖蒂图片社</span></p></blockquote></p><p>Stock-market bulls and bears are set to fight a &#34;titanic battle&#34; in the months ahead as the Federal Reserve prepares to lift interest rates, a top macro strategist warned late Tuesday.</p><p><blockquote>一位顶级宏观策略师周二晚间警告称，随着美联储准备加息，股市多头和空头将在未来几个月进行一场“激烈的战斗”。</blockquote></p><p>The equity market, which has stumbled heavily to begin 2022, as Treasury yields rose and investors ramped up expectations for an aggressive series of rate increases and other measures by the Fed, will be &#34;far from a one-way street,&#34; wrote Deutsche Bank&#39;s Alan Ruskin in a note.</p><p><blockquote>德意志银行写道，随着美国国债收益率上升以及投资者对美联储一系列激进加息和其他措施的预期升温，股市在2022年初遭受重挫，这将“远非单行道”。艾伦·罗斯金在一份报告中。</blockquote></p><p>To that end, he offered up a list of 11 arguments &#34;that bulls and bear can use to counterpunch each other.&#34; (See below.)</p><p><blockquote>为此，他列出了“多头和空头可以用来相互反击”的11个论点。（见下文。）</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49b64fadbdf92f854ed038d2058dbb18\" tg-width=\"700\" tg-height=\"623\" width=\"100%\" height=\"auto\"/><span>Deutsche Bank</span></p><p><blockquote><p class=\"t-img-caption\"><span>德意志银行</span></p></blockquote></p><p>&#34;As always it is how these factors are ranked and weighted in importance that counts. For example the idea that the Fed is taking away the punch bowl may be enough to trump most the other factors -- although historically (and contrary to popular opinion) equities have generally done reasonably well when tightening is under way,&#34; Ruskin wrote.</p><p><blockquote>“一如既往，重要的是这些因素的排名和重要性权重。例如，美联储正在拿走潘趣酒碗的想法可能足以压倒大多数其他因素——尽管从历史上看（与流行观点相反）当紧缩正在进行时，股票通常表现相当好，”罗斯金写道。</blockquote></p><p>As noted by MarketWatch&#39;s Mark DeCambre, data compiled by Dow Jones Market Data going back to 1989 shows the average return for the Dow Jones Industrial Average  during hiking cycles is nearly 55%, while the S&amp;P 500  has seen an average rise of 62.9% and the Nasdaq Composite  has averaged a positive return of 102.7%.</p><p><blockquote>正如MarketWatch的Mark DeCambre所指出的，道琼斯市场数据汇编的1989年以来的数据显示，道琼斯工业平均指数在加息周期中的平均回报率接近55%，而标普500的平均涨幅为62.9%，纳斯达克综合指数的平均正回报率为102.7%。</blockquote></p><p>The Fed, at the conclusion of its two-day meeting on Wednesday, issued a statement that laid the groundwork for a widely expected March rate increase. Stocks initially extended gains following the policy statement, then erased their advance during Federal Reserve Chairman Jerome Powell&#39;s news conference, ending mostly lower.</p><p><blockquote>美联储在周三为期两天的会议结束时发表了一份声明，为人们普遍预期的3月份加息奠定了基础。政策声明发布后，股市最初扩大涨幅，然后在美联储主席杰罗姆·鲍威尔的新闻发布会上抹去涨幅，最终大多走低。</blockquote></p><p>Traders have priced in an aggressive round of rate hikes in 2022. Some have even penciled in the possibility of a 50 basis point, or 0.5 percentage point, rise in March rather than the more widely expected, and usual, 25-basis-point rise. Some market watchers contend that market participants have become overly aggressive on rate expectations, leaving room for a positive surprise if Powell doesn&#39;t significantly enhance the central bank&#39;s already hawkish posture.</p><p><blockquote>交易员已经消化了2022年一轮激进加息的影响。一些人甚至预计3月份加息50个基点或0.5个百分点的可能性，而不是更广泛预期和通常的25个基点。一些市场观察人士认为，市场参与者对利率预期变得过于激进，如果鲍威尔不显着增强央行本已强硬的姿态，就会出现积极的意外。</blockquote></p><p>Looking ahead, Ruskin said risky assets are likely to be resilient to 25 basis point rate increases at the March, May and June meetings, even if that pace isn&#39;t fully priced into the market, &#34;as long as the path of tightening does not acknowledge a still quicker and more extensive tightening cycle ahead.&#34;</p><p><blockquote>展望未来，罗斯金表示，风险资产可能对3月、5月和6月会议上加息25个基点具有弹性，即使这一步伐没有完全反映在市场中，“只要紧缩路径不承认未来将出现更快、更广泛的紧缩周期。”</blockquote></p><p>He noted that the market has only a little more than 50 basis points of hikes priced in for 2023, helping to keep expectations for the ceiling on the fed-funds rate, referred to as the terminal rate, below 2%.</p><p><blockquote>他指出，市场预计2023年加息仅略高于50个基点，这有助于将联邦基金利率上限（即最终利率）的预期保持在2%以下。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n11 arguments that will define 'titanic battle' between stock market bulls and bears as Fed lifts rates<blockquote>随着美联储加息，11个论点将定义股市多头和空头之间的“泰坦尼克号之战”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2022-01-27 08:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Equity market won&#39;t be a &#39;one-way street&#39; as hiking cycle gets under way: Deutsche Bank&#39;s Ruskin</p><p><blockquote><html><head></head><body>德意志银行罗斯金：随着加息周期的开始，股市不会成为“单行道”</body></html></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dd6bbcfb2a13d8db8a001db7e33935d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Federal Reserve Chairman Jerome Powell  Pool/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔普尔/盖蒂图片社</span></p></blockquote></p><p>Stock-market bulls and bears are set to fight a &#34;titanic battle&#34; in the months ahead as the Federal Reserve prepares to lift interest rates, a top macro strategist warned late Tuesday.</p><p><blockquote>一位顶级宏观策略师周二晚间警告称，随着美联储准备加息，股市多头和空头将在未来几个月进行一场“激烈的战斗”。</blockquote></p><p>The equity market, which has stumbled heavily to begin 2022, as Treasury yields rose and investors ramped up expectations for an aggressive series of rate increases and other measures by the Fed, will be &#34;far from a one-way street,&#34; wrote Deutsche Bank&#39;s Alan Ruskin in a note.</p><p><blockquote>德意志银行写道，随着美国国债收益率上升以及投资者对美联储一系列激进加息和其他措施的预期升温，股市在2022年初遭受重挫，这将“远非单行道”。艾伦·罗斯金在一份报告中。</blockquote></p><p>To that end, he offered up a list of 11 arguments &#34;that bulls and bear can use to counterpunch each other.&#34; (See below.)</p><p><blockquote>为此，他列出了“多头和空头可以用来相互反击”的11个论点。（见下文。）</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49b64fadbdf92f854ed038d2058dbb18\" tg-width=\"700\" tg-height=\"623\" width=\"100%\" height=\"auto\"/><span>Deutsche Bank</span></p><p><blockquote><p class=\"t-img-caption\"><span>德意志银行</span></p></blockquote></p><p>&#34;As always it is how these factors are ranked and weighted in importance that counts. For example the idea that the Fed is taking away the punch bowl may be enough to trump most the other factors -- although historically (and contrary to popular opinion) equities have generally done reasonably well when tightening is under way,&#34; Ruskin wrote.</p><p><blockquote>“一如既往，重要的是这些因素的排名和重要性权重。例如，美联储正在拿走潘趣酒碗的想法可能足以压倒大多数其他因素——尽管从历史上看（与流行观点相反）当紧缩正在进行时，股票通常表现相当好，”罗斯金写道。</blockquote></p><p>As noted by MarketWatch&#39;s Mark DeCambre, data compiled by Dow Jones Market Data going back to 1989 shows the average return for the Dow Jones Industrial Average  during hiking cycles is nearly 55%, while the S&amp;P 500  has seen an average rise of 62.9% and the Nasdaq Composite  has averaged a positive return of 102.7%.</p><p><blockquote>正如MarketWatch的Mark DeCambre所指出的，道琼斯市场数据汇编的1989年以来的数据显示，道琼斯工业平均指数在加息周期中的平均回报率接近55%，而标普500的平均涨幅为62.9%，纳斯达克综合指数的平均正回报率为102.7%。</blockquote></p><p>The Fed, at the conclusion of its two-day meeting on Wednesday, issued a statement that laid the groundwork for a widely expected March rate increase. Stocks initially extended gains following the policy statement, then erased their advance during Federal Reserve Chairman Jerome Powell&#39;s news conference, ending mostly lower.</p><p><blockquote>美联储在周三为期两天的会议结束时发表了一份声明，为人们普遍预期的3月份加息奠定了基础。政策声明发布后，股市最初扩大涨幅，然后在美联储主席杰罗姆·鲍威尔的新闻发布会上抹去涨幅，最终大多走低。</blockquote></p><p>Traders have priced in an aggressive round of rate hikes in 2022. Some have even penciled in the possibility of a 50 basis point, or 0.5 percentage point, rise in March rather than the more widely expected, and usual, 25-basis-point rise. Some market watchers contend that market participants have become overly aggressive on rate expectations, leaving room for a positive surprise if Powell doesn&#39;t significantly enhance the central bank&#39;s already hawkish posture.</p><p><blockquote>交易员已经消化了2022年一轮激进加息的影响。一些人甚至预计3月份加息50个基点或0.5个百分点的可能性，而不是更广泛预期和通常的25个基点。一些市场观察人士认为，市场参与者对利率预期变得过于激进，如果鲍威尔不显着增强央行本已强硬的姿态，就会出现积极的意外。</blockquote></p><p>Looking ahead, Ruskin said risky assets are likely to be resilient to 25 basis point rate increases at the March, May and June meetings, even if that pace isn&#39;t fully priced into the market, &#34;as long as the path of tightening does not acknowledge a still quicker and more extensive tightening cycle ahead.&#34;</p><p><blockquote>展望未来，罗斯金表示，风险资产可能对3月、5月和6月会议上加息25个基点具有弹性，即使这一步伐没有完全反映在市场中，“只要紧缩路径不承认未来将出现更快、更广泛的紧缩周期。”</blockquote></p><p>He noted that the market has only a little more than 50 basis points of hikes priced in for 2023, helping to keep expectations for the ceiling on the fed-funds rate, referred to as the terminal rate, below 2%.</p><p><blockquote>他指出，市场预计2023年加息仅略高于50个基点，这有助于将联邦基金利率上限（即最终利率）的预期保持在2%以下。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/11-arguments-that-will-define-titanic-stock-market-battle-as-fed-raises-rates-11643219294?mod=hp_LATEST&adobe_mc=MCMID%3D03250748340802259633376614514522268876%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1643242671\">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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/11-arguments-that-will-define-titanic-stock-market-battle-as-fed-raises-rates-11643219294?mod=hp_LATEST&adobe_mc=MCMID%3D03250748340802259633376614514522268876%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1643242671","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206894951","content_text":"Equity market won't be a 'one-way street' as hiking cycle gets under way: Deutsche Bank's RuskinFederal Reserve Chairman Jerome Powell  Pool/Getty ImagesStock-market bulls and bears are set to fight a \"titanic battle\" in the months ahead as the Federal Reserve prepares to lift interest rates, a top macro strategist warned late Tuesday.The equity market, which has stumbled heavily to begin 2022, as Treasury yields rose and investors ramped up expectations for an aggressive series of rate increases and other measures by the Fed, will be \"far from a one-way street,\" wrote Deutsche Bank's Alan Ruskin in a note.To that end, he offered up a list of 11 arguments \"that bulls and bear can use to counterpunch each other.\" (See below.)Deutsche Bank\"As always it is how these factors are ranked and weighted in importance that counts. For example the idea that the Fed is taking away the punch bowl may be enough to trump most the other factors -- although historically (and contrary to popular opinion) equities have generally done reasonably well when tightening is under way,\" Ruskin wrote.As noted by MarketWatch's Mark DeCambre, data compiled by Dow Jones Market Data going back to 1989 shows the average return for the Dow Jones Industrial Average  during hiking cycles is nearly 55%, while the S&P 500  has seen an average rise of 62.9% and the Nasdaq Composite  has averaged a positive return of 102.7%.The Fed, at the conclusion of its two-day meeting on Wednesday, issued a statement that laid the groundwork for a widely expected March rate increase. Stocks initially extended gains following the policy statement, then erased their advance during Federal Reserve Chairman Jerome Powell's news conference, ending mostly lower.Traders have priced in an aggressive round of rate hikes in 2022. Some have even penciled in the possibility of a 50 basis point, or 0.5 percentage point, rise in March rather than the more widely expected, and usual, 25-basis-point rise. Some market watchers contend that market participants have become overly aggressive on rate expectations, leaving room for a positive surprise if Powell doesn't significantly enhance the central bank's already hawkish posture.Looking ahead, Ruskin said risky assets are likely to be resilient to 25 basis point rate increases at the March, May and June meetings, even if that pace isn't fully priced into the market, \"as long as the path of tightening does not acknowledge a still quicker and more extensive tightening cycle ahead.\"He noted that the market has only a little more than 50 basis points of hikes priced in for 2023, helping to keep expectations for the ceiling on the fed-funds rate, referred to as the terminal rate, below 2%.","news_type":1,"symbols_score_info":{".SPX":0.88,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":639872442,"gmtCreate":1643264432331,"gmtModify":1643264432583,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/639872442","repostId":"1170425667","repostType":4,"repost":{"id":"1170425667","kind":"news","pubTimestamp":1643246196,"share":"https://www.laohu8.com/m/news/1170425667?lang=zh_CN&edition=full","pubTime":"2022-01-27 09:16","market":"us","language":"en","title":"2 Monster Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年值得购买并持有的2只元宇宙怪物股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170425667","media":"Motley Fool","summary":"Microsoft and Adobe are well-positioned to benefit dramatically from the metaverse.","content":"<p><html><head></head><body><b>Key Points</b></p><p><blockquote><html><head></head><body><b>要点</b></body></html></blockquote></p><p><ul><li>Many of Microsoft&#39;s hardware and software offerings have multiple applications in the metaverse.</li><li>Adobe&#39;s cloud-based software tools are expected to play a major role in the evolution of the metaverse.</li></ul>The metaverse is undoubtedly one of the hottest tech trends today. It refers to a network of persistent, real-time, seamless, and immersive 3D virtual reality or mixed reality worlds and simulations, wherein humans can interact with digital-world objects through a range of devices. The metaverse is expected to enable people to shift more and more activities done currently in the physical world to the virtual world.</p><p><blockquote><ul><li>微软的许多硬件和软件产品在元宇宙中都有多种应用。</li><li>Adobe基于云的软件工具预计将在元宇宙的发展中发挥重要作用。</li></ul>元宇宙无疑是当今最热门的科技趋势之一。它指的是持久、实时、无缝和沉浸式3D虚拟现实或混合现实世界和模拟的网络，其中人类可以通过一系列设备与数字世界对象进行交互。元宇宙有望使人们能够将目前在物理世界中完成的越来越多的活动转移到虚拟世界。</blockquote></p><p>Bloomberg estimates the global metaverse market opportunity to be around $800 billion by 2024. While the metaverse is an exciting opportunity, it is not yet monetized. Hence, it would make more sense for retail investors to opt only for financially stable and technologically sound companies (that are not over-reliant on success in the metaverse) that are preparing to grab a significant share of the metaverse.</p><p><blockquote>彭博社估计，到2024年，全球元宇宙市场机会约为8000亿美元。虽然元宇宙是一个令人兴奋的机会，但它尚未货币化。因此，对于散户投资者来说，只选择财务稳定、技术健全、准备抢占元宇宙重要份额的公司（不过度依赖元宇宙的成功）更有意义。</blockquote></p><p>Against this backdrop,<b>Microsoft</b> (NASDAQ:MSFT) and <b>AdobeSystems</b> (NASDAQ:ADBE) seem to be two such blue chip companies that can prove to be solid metaverse stocks in the long run.</p><p><blockquote>在此背景下，<b>微软</b>（纳斯达克：MSFT）和<b>AdobeSystems</b>（纳斯达克：ADBE）似乎是两家这样的蓝筹公司，从长远来看可以被证明是可靠的元宇宙股票。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0112d9c030159189781fd28154b27525\" tg-width=\"2000\" tg-height=\"1335\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p><b>1. Microsoft</b></p><p><blockquote><b>1.微软</b></blockquote></p><p>On Jan. 18, enterprise giant Microsoft announced plans to acquire leading pure-play video game developer <b>Activision Blizzard</b> (NASDAQ:ATVI) in an all-cash $75 billion deal. This is the largest-ever deal in Microsoft&#39;s history and is expected to spur the growth of its mobile, desktop, console, and cloud gaming businesses. Activision&#39;s gaming portfolio coupled with Microsoft&#39;s technology expertise (Azure cloud platform, gaming infrastructure, HoloLens, and mixed reality devices, Microsoft Mesh) will emerge as a one-stop shop for all the key components (content, customer base, collaboration software, augmented reality and virtual reality hardware, and cloud infrastructure) required for the evolution of metaverse platforms.</p><p><blockquote>1月18日，企业巨头微软宣布计划收购领先的纯视频游戏开发商<b>动视暴雪</b>（纳斯达克：ATVI）以750亿美元的全现金交易。这是微软历史上最大的一笔交易，预计将刺激其移动、桌面、主机和云游戏业务的增长。动视的游戏产品组合加上微软的技术专业知识（Azure云平台、游戏基础设施、HoloLens和混合现实设备、微软Mesh）将成为元宇宙平台发展所需的所有关键组件（内容、客户群、协作软件、增强现实和虚拟现实硬件以及云基础设施）的一站式商店。</blockquote></p><p>Bernstein analyst Mark Moerdler also believes that Microsoft is &#34;best positioned to be a big winner from the metaverse.&#34; The company is also focused on the enterprise use cases in the metaverse. To leverage this opportunity, it has introduced Microsoft Mesh for Teams, which enables remote virtual collaboration in an immersive mixed-reality environment between employees with the help of customized avatars.</p><p><blockquote>Bernstein分析师Mark Moerdler也认为，微软“最有可能成为元宇宙的大赢家”。该公司还专注于元宇宙的企业用例。为了利用这一机会，它推出了微软Mesh for Teams，它可以在定制化身的帮助下，在沉浸式混合现实环境中实现员工之间的远程虚拟协作。</blockquote></p><p>While the metaverse is a big future growth opportunity for Microsoft, the company&#39;sintelligent cloudand business productivity tools are the major top-line drivers. Currently, Azure accounts for 21% of the global cloud infrastructure services market, behind <b>Amazon</b>&#39;s AWS (32% market share). However, Bessemer Venture Partners expects Azure to surpass AWS in market share in the next two years. Microsoft has also positioned itself as a developer-first company by acquiring GitHub, which can play a major role in boosting enterprise adoption of Azure.</p><p><blockquote>虽然元宇宙是微软未来的一个巨大增长机会，但该公司的智能云和业务生产力工具是主要的营收驱动因素。目前，Azure占据全球云基础设施服务市场21%的份额，落后于<b>亚马逊</b>的AWS（32%的市场份额）。不过，Bessemer Venture Partners预计Azure的市场份额将在未来两年内超过AWS。微软还通过收购GitHub将自己定位为开发者优先的公司，这可以在推动企业采用Azure方面发挥重要作用。</blockquote></p><p>Analysts are now estimating Microsoft&#39;s revenue and earnings to grow year over year by 17.2% and 14.5%, respectively, in fiscal 2022. The company has a strong balance sheet, with a cash balance of $130.6 billion and debt of $78.9 billion.</p><p><blockquote>分析师目前预计微软2022财年的收入和盈利将分别同比增长17.2%和14.5%。该公司拥有强大的资产负债表，现金余额为1306亿美元，债务为789亿美元。</blockquote></p><p>In the context of a strong existing business, robust financials, and the now-evolving metaverse opportunity, I consider Microsoft as a safe long-term pick for retail investors.</p><p><blockquote>在强大的现有业务、稳健的财务状况以及当前不断发展的虚拟宇宙机会的背景下，我认为微软是散户投资者安全的长期选择。</blockquote></p><p><b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p>Once known mainly for inventing the portable document format (PDF), Adobe Systems is now a leading software-as-a-service (SaaS) digital media player in the world. The company has three major cloud-based offerings: Creative Cloud, Document Cloud, and Experience Cloud.</p><p><blockquote>Adobe Systems曾经主要以发明可移植文档格式（PDF）而闻名，现在是世界上领先的软件即服务（SaaS）数字媒体播放器。该公司拥有三大基于云的产品：创意云、文档云和体验云。</blockquote></p><p>Creative Cloud involves several creator economy-focused software products such as Photoshop, Adobe Spark, Illustrator, Adobe Premiere Pro, Adobe XD, and Adobe Substance 3D. Many of these software products have wide applications in the metaverse. Adobe Substance 3D reported a 100% year-over-year jump in revenue in the fourth quarter (ending Dec. 3, 2021), thanks to robust demand for creating 3D objects and from emerging metaverse platforms. Substance 3D is used for designing realistic 3D objects and for rendering and staging virtual scenes in a time and resource optimal manner. Adobe Aero is used by creators to develop immersive augmented reality experiences.</p><p><blockquote>Creative Cloud涉及多个专注于创作者经济的软件产品，如Photoshop、Adobe Spark、Illustrator、Adobe Premiere Pro、Adobe XD和Adobe Substance 3D。其中许多软件产品在元宇宙中具有广泛的应用。Adobe Substance 3D报告称，由于对创建3D对象和新兴元宇宙平台的强劲需求，第四季度（截至2021年12月3日）收入同比增长100%。Substance 3D用于设计逼真的3D对象，并以时间和资源最优的方式渲染和上演虚拟场景。创作者使用Adobe Aero来开发身临其境的增强现实体验。</blockquote></p><p></p><p>Adobe is also launching a Photoshop feature called Content Credentials, which will help verify the credibility and authenticity of non-fungible token (NFT) art. Virtual goods need to have ownership and monetary value associated with them in the metaverse. Hence, NFTs (digital certificates representing ownership of digital assets) will be used extensively for facilitating financial transactions in the metaverse. Content Credentials will help reduce the possibility of fraud and scams in the metaverse.</p><p><blockquote>Adobe还推出了一项名为Content Credentials的Photoshop功能，该功能将有助于验证不可替代令牌（NFT）艺术的可信度和真实性。虚拟商品需要在元宇宙中具有与之相关的所有权和货币价值。因此，NFTs（代表数字资产所有权的数字证书）将被广泛用于促进元宇宙中的金融交易。内容凭证将有助于减少元宇宙中欺诈和诈骗的可能性。</blockquote></p><p>Finally, these software tools are compatible with a range of operating systems. Against this backdrop,<b>Jefferies</b> tech analyst Brent Thill seems to be rightfully claiming that &#34;Adobe is the best software play for the metaverse -- its creative tools will enable the next generation of the internet.&#34;</p><p><blockquote>最后，这些软件工具与一系列操作系统兼容。在此背景下，<b>杰弗里斯</b>科技分析师Brent Thill似乎正确地声称，“Adobe是元宇宙最好的软件公司——它的创意工具将支持下一代互联网。”</blockquote></p><p>In fiscal 2021 (ending Dec. 3, 2021), Adobe&#39;s revenue was up by 23% year over year to $15.79 billion. Of this, over 92% was subscription-based recurring revenue. This highlights the company&#39;s high revenue visibility, a characteristic that usually results in premium valuations. The company generated over $7 billion in operating cash flows, making it well-positioned to invest capital in any future growth opportunities.</p><p><blockquote>2021财年（截至2021年12月3日），Adobe的收入同比增长23%，达到157.9亿美元。其中，超过92%是基于订阅的经常性收入。这凸显了该公司的高收入知名度，这一特征通常会导致溢价估值。该公司产生了超过70亿美元的运营现金流，使其处于有利地位，可以将资本投资于任何未来的增长机会。</blockquote></p><p>Hence, considering Adobe&#39;s established leadership in enabling the development of creative content and its formidable financial position, the company is well-poised to be an attractive metaverse pick for the next decade.</p><p><blockquote>因此，考虑到Adobe在创意内容开发方面的既定领导地位及其强大的财务状况，该公司有望成为未来十年有吸引力的元宇宙选择。</blockquote></p><p></body></html></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>2 Monster Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年值得购买并持有的2只元宇宙怪物股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Monster Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年值得购买并持有的2只元宇宙怪物股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2022-01-27 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Key Points</b></p><p><blockquote><html><head></head><body><b>要点</b></body></html></blockquote></p><p><ul><li>Many of Microsoft&#39;s hardware and software offerings have multiple applications in the metaverse.</li><li>Adobe&#39;s cloud-based software tools are expected to play a major role in the evolution of the metaverse.</li></ul>The metaverse is undoubtedly one of the hottest tech trends today. It refers to a network of persistent, real-time, seamless, and immersive 3D virtual reality or mixed reality worlds and simulations, wherein humans can interact with digital-world objects through a range of devices. The metaverse is expected to enable people to shift more and more activities done currently in the physical world to the virtual world.</p><p><blockquote><ul><li>微软的许多硬件和软件产品在元宇宙中都有多种应用。</li><li>Adobe基于云的软件工具预计将在元宇宙的发展中发挥重要作用。</li></ul>元宇宙无疑是当今最热门的科技趋势之一。它指的是持久、实时、无缝和沉浸式3D虚拟现实或混合现实世界和模拟的网络，其中人类可以通过一系列设备与数字世界对象进行交互。元宇宙有望使人们能够将目前在物理世界中完成的越来越多的活动转移到虚拟世界。</blockquote></p><p>Bloomberg estimates the global metaverse market opportunity to be around $800 billion by 2024. While the metaverse is an exciting opportunity, it is not yet monetized. Hence, it would make more sense for retail investors to opt only for financially stable and technologically sound companies (that are not over-reliant on success in the metaverse) that are preparing to grab a significant share of the metaverse.</p><p><blockquote>彭博社估计，到2024年，全球元宇宙市场机会约为8000亿美元。虽然元宇宙是一个令人兴奋的机会，但它尚未货币化。因此，对于散户投资者来说，只选择财务稳定、技术健全、准备抢占元宇宙重要份额的公司（不过度依赖元宇宙的成功）更有意义。</blockquote></p><p>Against this backdrop,<b>Microsoft</b> (NASDAQ:MSFT) and <b>AdobeSystems</b> (NASDAQ:ADBE) seem to be two such blue chip companies that can prove to be solid metaverse stocks in the long run.</p><p><blockquote>在此背景下，<b>微软</b>（纳斯达克：MSFT）和<b>AdobeSystems</b>（纳斯达克：ADBE）似乎是两家这样的蓝筹公司，从长远来看可以被证明是可靠的元宇宙股票。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0112d9c030159189781fd28154b27525\" tg-width=\"2000\" tg-height=\"1335\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p><b>1. Microsoft</b></p><p><blockquote><b>1.微软</b></blockquote></p><p>On Jan. 18, enterprise giant Microsoft announced plans to acquire leading pure-play video game developer <b>Activision Blizzard</b> (NASDAQ:ATVI) in an all-cash $75 billion deal. This is the largest-ever deal in Microsoft&#39;s history and is expected to spur the growth of its mobile, desktop, console, and cloud gaming businesses. Activision&#39;s gaming portfolio coupled with Microsoft&#39;s technology expertise (Azure cloud platform, gaming infrastructure, HoloLens, and mixed reality devices, Microsoft Mesh) will emerge as a one-stop shop for all the key components (content, customer base, collaboration software, augmented reality and virtual reality hardware, and cloud infrastructure) required for the evolution of metaverse platforms.</p><p><blockquote>1月18日，企业巨头微软宣布计划收购领先的纯视频游戏开发商<b>动视暴雪</b>（纳斯达克：ATVI）以750亿美元的全现金交易。这是微软历史上最大的一笔交易，预计将刺激其移动、桌面、主机和云游戏业务的增长。动视的游戏产品组合加上微软的技术专业知识（Azure云平台、游戏基础设施、HoloLens和混合现实设备、微软Mesh）将成为元宇宙平台发展所需的所有关键组件（内容、客户群、协作软件、增强现实和虚拟现实硬件以及云基础设施）的一站式商店。</blockquote></p><p>Bernstein analyst Mark Moerdler also believes that Microsoft is &#34;best positioned to be a big winner from the metaverse.&#34; The company is also focused on the enterprise use cases in the metaverse. To leverage this opportunity, it has introduced Microsoft Mesh for Teams, which enables remote virtual collaboration in an immersive mixed-reality environment between employees with the help of customized avatars.</p><p><blockquote>Bernstein分析师Mark Moerdler也认为，微软“最有可能成为元宇宙的大赢家”。该公司还专注于元宇宙的企业用例。为了利用这一机会，它推出了微软Mesh for Teams，它可以在定制化身的帮助下，在沉浸式混合现实环境中实现员工之间的远程虚拟协作。</blockquote></p><p>While the metaverse is a big future growth opportunity for Microsoft, the company&#39;sintelligent cloudand business productivity tools are the major top-line drivers. Currently, Azure accounts for 21% of the global cloud infrastructure services market, behind <b>Amazon</b>&#39;s AWS (32% market share). However, Bessemer Venture Partners expects Azure to surpass AWS in market share in the next two years. Microsoft has also positioned itself as a developer-first company by acquiring GitHub, which can play a major role in boosting enterprise adoption of Azure.</p><p><blockquote>虽然元宇宙是微软未来的一个巨大增长机会，但该公司的智能云和业务生产力工具是主要的营收驱动因素。目前，Azure占据全球云基础设施服务市场21%的份额，落后于<b>亚马逊</b>的AWS（32%的市场份额）。不过，Bessemer Venture Partners预计Azure的市场份额将在未来两年内超过AWS。微软还通过收购GitHub将自己定位为开发者优先的公司，这可以在推动企业采用Azure方面发挥重要作用。</blockquote></p><p>Analysts are now estimating Microsoft&#39;s revenue and earnings to grow year over year by 17.2% and 14.5%, respectively, in fiscal 2022. The company has a strong balance sheet, with a cash balance of $130.6 billion and debt of $78.9 billion.</p><p><blockquote>分析师目前预计微软2022财年的收入和盈利将分别同比增长17.2%和14.5%。该公司拥有强大的资产负债表，现金余额为1306亿美元，债务为789亿美元。</blockquote></p><p>In the context of a strong existing business, robust financials, and the now-evolving metaverse opportunity, I consider Microsoft as a safe long-term pick for retail investors.</p><p><blockquote>在强大的现有业务、稳健的财务状况以及当前不断发展的虚拟宇宙机会的背景下，我认为微软是散户投资者安全的长期选择。</blockquote></p><p><b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p>Once known mainly for inventing the portable document format (PDF), Adobe Systems is now a leading software-as-a-service (SaaS) digital media player in the world. The company has three major cloud-based offerings: Creative Cloud, Document Cloud, and Experience Cloud.</p><p><blockquote>Adobe Systems曾经主要以发明可移植文档格式（PDF）而闻名，现在是世界上领先的软件即服务（SaaS）数字媒体播放器。该公司拥有三大基于云的产品：创意云、文档云和体验云。</blockquote></p><p>Creative Cloud involves several creator economy-focused software products such as Photoshop, Adobe Spark, Illustrator, Adobe Premiere Pro, Adobe XD, and Adobe Substance 3D. Many of these software products have wide applications in the metaverse. Adobe Substance 3D reported a 100% year-over-year jump in revenue in the fourth quarter (ending Dec. 3, 2021), thanks to robust demand for creating 3D objects and from emerging metaverse platforms. Substance 3D is used for designing realistic 3D objects and for rendering and staging virtual scenes in a time and resource optimal manner. Adobe Aero is used by creators to develop immersive augmented reality experiences.</p><p><blockquote>Creative Cloud涉及多个专注于创作者经济的软件产品，如Photoshop、Adobe Spark、Illustrator、Adobe Premiere Pro、Adobe XD和Adobe Substance 3D。其中许多软件产品在元宇宙中具有广泛的应用。Adobe Substance 3D报告称，由于对创建3D对象和新兴元宇宙平台的强劲需求，第四季度（截至2021年12月3日）收入同比增长100%。Substance 3D用于设计逼真的3D对象，并以时间和资源最优的方式渲染和上演虚拟场景。创作者使用Adobe Aero来开发身临其境的增强现实体验。</blockquote></p><p></p><p>Adobe is also launching a Photoshop feature called Content Credentials, which will help verify the credibility and authenticity of non-fungible token (NFT) art. Virtual goods need to have ownership and monetary value associated with them in the metaverse. Hence, NFTs (digital certificates representing ownership of digital assets) will be used extensively for facilitating financial transactions in the metaverse. Content Credentials will help reduce the possibility of fraud and scams in the metaverse.</p><p><blockquote>Adobe还推出了一项名为Content Credentials的Photoshop功能，该功能将有助于验证不可替代令牌（NFT）艺术的可信度和真实性。虚拟商品需要在元宇宙中具有与之相关的所有权和货币价值。因此，NFTs（代表数字资产所有权的数字证书）将被广泛用于促进元宇宙中的金融交易。内容凭证将有助于减少元宇宙中欺诈和诈骗的可能性。</blockquote></p><p>Finally, these software tools are compatible with a range of operating systems. Against this backdrop,<b>Jefferies</b> tech analyst Brent Thill seems to be rightfully claiming that &#34;Adobe is the best software play for the metaverse -- its creative tools will enable the next generation of the internet.&#34;</p><p><blockquote>最后，这些软件工具与一系列操作系统兼容。在此背景下，<b>杰弗里斯</b>科技分析师Brent Thill似乎正确地声称，“Adobe是元宇宙最好的软件公司——它的创意工具将支持下一代互联网。”</blockquote></p><p>In fiscal 2021 (ending Dec. 3, 2021), Adobe&#39;s revenue was up by 23% year over year to $15.79 billion. Of this, over 92% was subscription-based recurring revenue. This highlights the company&#39;s high revenue visibility, a characteristic that usually results in premium valuations. The company generated over $7 billion in operating cash flows, making it well-positioned to invest capital in any future growth opportunities.</p><p><blockquote>2021财年（截至2021年12月3日），Adobe的收入同比增长23%，达到157.9亿美元。其中，超过92%是基于订阅的经常性收入。这凸显了该公司的高收入知名度，这一特征通常会导致溢价估值。该公司产生了超过70亿美元的运营现金流，使其处于有利地位，可以将资本投资于任何未来的增长机会。</blockquote></p><p>Hence, considering Adobe&#39;s established leadership in enabling the development of creative content and its formidable financial position, the company is well-poised to be an attractive metaverse pick for the next decade.</p><p><blockquote>因此，考虑到Adobe在创意内容开发方面的既定领导地位及其强大的财务状况，该公司有望成为未来十年有吸引力的元宇宙选择。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2022/01/26/2-monster-metaverse-stocks-to-buy-and-hold-for-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":{"ADBE":"Adobe","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/01/26/2-monster-metaverse-stocks-to-buy-and-hold-for-the/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170425667","content_text":"Key PointsMany of Microsoft's hardware and software offerings have multiple applications in the metaverse.Adobe's cloud-based software tools are expected to play a major role in the evolution of the metaverse.The metaverse is undoubtedly one of the hottest tech trends today. It refers to a network of persistent, real-time, seamless, and immersive 3D virtual reality or mixed reality worlds and simulations, wherein humans can interact with digital-world objects through a range of devices. The metaverse is expected to enable people to shift more and more activities done currently in the physical world to the virtual world.Bloomberg estimates the global metaverse market opportunity to be around $800 billion by 2024. While the metaverse is an exciting opportunity, it is not yet monetized. Hence, it would make more sense for retail investors to opt only for financially stable and technologically sound companies (that are not over-reliant on success in the metaverse) that are preparing to grab a significant share of the metaverse.Against this backdrop,Microsoft (NASDAQ:MSFT) and AdobeSystems (NASDAQ:ADBE) seem to be two such blue chip companies that can prove to be solid metaverse stocks in the long run.IMAGE SOURCE: GETTY IMAGES.1. MicrosoftOn Jan. 18, enterprise giant Microsoft announced plans to acquire leading pure-play video game developer Activision Blizzard (NASDAQ:ATVI) in an all-cash $75 billion deal. This is the largest-ever deal in Microsoft's history and is expected to spur the growth of its mobile, desktop, console, and cloud gaming businesses. Activision's gaming portfolio coupled with Microsoft's technology expertise (Azure cloud platform, gaming infrastructure, HoloLens, and mixed reality devices, Microsoft Mesh) will emerge as a one-stop shop for all the key components (content, customer base, collaboration software, augmented reality and virtual reality hardware, and cloud infrastructure) required for the evolution of metaverse platforms.Bernstein analyst Mark Moerdler also believes that Microsoft is \"best positioned to be a big winner from the metaverse.\" The company is also focused on the enterprise use cases in the metaverse. To leverage this opportunity, it has introduced Microsoft Mesh for Teams, which enables remote virtual collaboration in an immersive mixed-reality environment between employees with the help of customized avatars.While the metaverse is a big future growth opportunity for Microsoft, the company'sintelligent cloudand business productivity tools are the major top-line drivers. Currently, Azure accounts for 21% of the global cloud infrastructure services market, behind Amazon's AWS (32% market share). However, Bessemer Venture Partners expects Azure to surpass AWS in market share in the next two years. Microsoft has also positioned itself as a developer-first company by acquiring GitHub, which can play a major role in boosting enterprise adoption of Azure.Analysts are now estimating Microsoft's revenue and earnings to grow year over year by 17.2% and 14.5%, respectively, in fiscal 2022. The company has a strong balance sheet, with a cash balance of $130.6 billion and debt of $78.9 billion.In the context of a strong existing business, robust financials, and the now-evolving metaverse opportunity, I consider Microsoft as a safe long-term pick for retail investors.2. Adobe SystemsOnce known mainly for inventing the portable document format (PDF), Adobe Systems is now a leading software-as-a-service (SaaS) digital media player in the world. The company has three major cloud-based offerings: Creative Cloud, Document Cloud, and Experience Cloud.Creative Cloud involves several creator economy-focused software products such as Photoshop, Adobe Spark, Illustrator, Adobe Premiere Pro, Adobe XD, and Adobe Substance 3D. Many of these software products have wide applications in the metaverse. Adobe Substance 3D reported a 100% year-over-year jump in revenue in the fourth quarter (ending Dec. 3, 2021), thanks to robust demand for creating 3D objects and from emerging metaverse platforms. Substance 3D is used for designing realistic 3D objects and for rendering and staging virtual scenes in a time and resource optimal manner. Adobe Aero is used by creators to develop immersive augmented reality experiences.Adobe is also launching a Photoshop feature called Content Credentials, which will help verify the credibility and authenticity of non-fungible token (NFT) art. Virtual goods need to have ownership and monetary value associated with them in the metaverse. Hence, NFTs (digital certificates representing ownership of digital assets) will be used extensively for facilitating financial transactions in the metaverse. Content Credentials will help reduce the possibility of fraud and scams in the metaverse.Finally, these software tools are compatible with a range of operating systems. Against this backdrop,Jefferies tech analyst Brent Thill seems to be rightfully claiming that \"Adobe is the best software play for the metaverse -- its creative tools will enable the next generation of the internet.\"In fiscal 2021 (ending Dec. 3, 2021), Adobe's revenue was up by 23% year over year to $15.79 billion. Of this, over 92% was subscription-based recurring revenue. This highlights the company's high revenue visibility, a characteristic that usually results in premium valuations. The company generated over $7 billion in operating cash flows, making it well-positioned to invest capital in any future growth opportunities.Hence, considering Adobe's established leadership in enabling the development of creative content and its formidable financial position, the company is well-poised to be an attractive metaverse pick for the next decade.","news_type":1,"symbols_score_info":{"ADBE":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":630754012,"gmtCreate":1643064516088,"gmtModify":1643064534043,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/630754012","repostId":"2205802723","repostType":4,"isVote":1,"tweetType":1,"viewCount":4141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":630322900,"gmtCreate":1642718445591,"gmtModify":1642718445843,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630322900","repostId":"2205601092","repostType":4,"isVote":1,"tweetType":1,"viewCount":2809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":694447936,"gmtCreate":1642090522163,"gmtModify":1642090522477,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/694447936","repostId":"1194290313","repostType":4,"repost":{"id":"1194290313","kind":"news","pubTimestamp":1642087803,"share":"https://www.laohu8.com/m/news/1194290313?lang=zh_CN&edition=full","pubTime":"2022-01-13 23:30","market":"us","language":"en","title":"Down 15% Already in 2022, Is This Metaverse Stock a Buy?<blockquote>2022年已经下跌15%，这只元宇宙股票值得买入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194290313","media":"Motley Fool","summary":"While 2021 was very good to Roblox(NYSE:RBLX)shareholders, 2022 is off to an arguably poor start. Th","content":"<p><html><head></head><body>While 2021 was very good to <b>Roblox</b>(NYSE:RBLX)shareholders, 2022 is off to an arguably poor start. This gaming platform company with metaverse potential has been caught up in the broader growth stock sell-off and is trading down about 15% year to date.</p><p><blockquote><html><head></head><body>虽然2021年非常好<b>Roblox</b>（纽约证券交易所股票代码：RBLX）股东们，2022年的开局可以说很糟糕。这家具有元宇宙潜力的游戏平台公司陷入了更广泛的成长型股票抛售，今年迄今股价下跌了约15%。</body></html></blockquote></p><p>Part of the drop can be attributed to some investor concern heading into 2022 about Roblox&#39;s rich valuation. Let&#39;s look closer at this metaverse company and determine if the concern is justified, or if perhaps the stock is worth buying at its lower (but still elevated) price.</p><p><blockquote>下跌的部分原因是一些投资者对2022年Roblox估值过高的担忧。让我们仔细看看这家元宇宙公司，并确定这种担忧是否合理，或者该股票是否值得以较低（但仍然较高）的价格购买。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39c7699742042e6778c9a2fe3f20c4be\" tg-width=\"1126\" tg-height=\"680\" referrerpolicy=\"no-referrer\"/><span>VARIOUS CHARACTERS FROM THE ROBLOX UNIVERSE STAND TOGETHER ON A SIMULATED STREET IN THE ROBLOX &#34;METAVERSE.&#34; IMAGE SOURCE: ROBLOX.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ROBLOX宇宙中的各种角色一起站在ROBLOX“元宇宙”的模拟街道上。图片来源：ROBLOX。</span></p></blockquote></p><p><b>Roblox is maintaining its user growth momentum</b></p><p><blockquote><b>Roblox正在保持用户增长势头</b></blockquote></p><p>The Roblox app is free to join and use. The company earns revenue through in-app purchases voluntarily made by its users. This freemium model has helped the company attract 49.4 million daily active users (as of November). That&#39;s 35% higher than in the same month in 2020. User engagement and new signups surged for Roblox at the pandemic onset when millions of kids were sent home for remote learning, and extracurricular activities were paused. Despite economies reopening and schools bringing kids back to campus, Roblox has sustained its user growth rates. That&#39;s impressive.</p><p><blockquote>Roblox应用程序可以免费加入和使用。该公司通过用户自愿进行的应用内购买赚取收入。这种免费增值模式帮助该公司吸引了4940万日活跃用户（截至11月）。这比2020年同月高出35%。疫情爆发时，Roblox的用户参与度和新注册人数激增，数百万孩子被送回家进行远程学习，课外活动也被暂停。尽管经济重新开放，学校让孩子们重返校园，Roblox仍保持了用户增长率。真令人印象深刻。</blockquote></p><p>If users wish to access certain items and activities on the platform, they do so by spending Robux, an in-game currency that is purchased with real money. The company records revenue when users spend Robux in the game. In its most recently reported quarter, ended Sept. 30, Roblox earned $509 million in revenue. That total was up by 102% from the same quarter in 2020. In fact, Roblox has doubled revenue year over year in each of the previous four quarters.</p><p><blockquote>如果用户希望访问平台上的某些项目和活动，他们可以通过消费Robux来实现，Robux是一种用真钱购买的游戏内货币。当用户在游戏中花费Robux时，该公司会记录收入。在截至9月30日的最新报告的季度中，Roblox的收入为5.09亿美元。这一总数比2020年同季度增长了102%。事实上，Roblox在过去四个季度的每个季度的收入都同比翻了一番。</blockquote></p><p>Roblox in-house developers do not create most of the games and items that players spend Robux on. Instead, Roblox has a community of third-party developers who spend their time and resources using the platform to create unique experiences, gameplay, and objects they think players will enjoy. This business model lowers the development costs for Roblox and it also lowers one of the biggest risks involved with game development -- the cost of developing an unpopular game. The user-developers take on the risk and only get their share of the compensation if the game attracts user engagement and Robux spending. Only proven hits that generate engagement make money.</p><p><blockquote>Roblox内部开发人员并不创建玩家花费Robux购买的大多数游戏和物品。相反，Roblox有一个第三方开发者社区，他们花费时间和资源使用该平台来创建他们认为玩家会喜欢的独特体验、游戏和对象。这种商业模式降低了Roblox的开发成本，也降低了游戏开发中最大的风险之一——开发一款不受欢迎的游戏的成本。用户开发者承担风险，只有在游戏吸引用户参与和Robux支出的情况下才能获得他们的报酬份额。只有被证实能产生参与度的点击才能赚钱。</blockquote></p><p>The model is proving to be effective at generating cash flow for Roblox. While Roblox isnot profitable on the bottom line, it is earning a growing stream of free cash flow. It has put together a streak of five consecutive quarters where its free cash flow surpassed $100 million. That&#39;s remarkably higher than in all of 2019, when it earned less than $15 million in free cash flow.</p><p><blockquote>事实证明，该模型可以有效地为Roblox产生现金流。虽然Roblox的利润尚未盈利，但它正在赚取越来越多的自由现金流。该公司已连续五个季度自由现金流超过1亿美元。这明显高于2019年全年，当时该公司的自由现金流不到1500万美元。</blockquote></p><p>The one metric for Roblox that shows anysigns of slowing downdue to economic reopening is the average booking per daily active user. Booking is the equivalent of a cash deposit. This is money that players are putting onto Roblox to buy Robux, but they have not used it just yet. In its most recent update, Roblox said the average booking per daily active user declined between 8% to 9% from the same month the prior year. A decrease in deposits could foreshadow decreasing year-over-year revenue.</p><p><blockquote>Roblox显示出因经济重新开放而放缓迹象的一个指标是每个每日活跃用户的平均预订量。预订相当于现金押金。这是玩家放在Roblox上购买Robux的钱，但他们还没有使用它。Roblox在最新更新中表示，每位每日活跃用户的平均预订量较去年同月下降了8%至9%。存款减少可能预示着收入同比下降。</blockquote></p><p>Interestingly, the metaverse is a place where individuals can virtually interact with each other and their environment. Roblox platform is an early-stage version of this. &#34;Metaverse&#34; means different things to different people, and the way users of Roblox interact with each other through the program already fits at least one of these definitions. But there is more it can do, and Roblox management is working with in-house and outside developers to see where it can go with this trend. Of course, the quality of this experience is improved the more immersive it feels. In that regard, Roblox&#39;s attractiveness to users will increase as virtual reality hardware becomes more readily available at more affordable prices.</p><p><blockquote>有趣的是，元宇宙是一个个人可以与彼此和环境进行虚拟互动的地方。Roblox平台是这方面的早期版本。“元宇宙”对不同的人有不同的含义，Roblox的用户通过程序相互互动的方式已经至少符合其中一个定义。但它还可以做更多的事情，Roblox管理层正在与内部和外部开发人员合作，看看它可以在这一趋势下走向何方。当然，这种体验的质量越高，沉浸感就越强。在这方面，随着虚拟现实硬件变得更容易以更实惠的价格获得，Roblox对用户的吸引力将会增加。</blockquote></p><p><b>An excellent company that appears overpriced</b></p><p><blockquote><b>一家看似定价过高的优秀公司</b></blockquote></p><p></p><p>The fall in Roblox&#39;s stock price has it trading at a price-to-sales ratio of 25.4, down from 40 just a few months ago. It also dropped its price-to-free-cash-flow ratio to 70, down from over 105 a few months earlier. Both metrics suggest the stock is still trading at a premium. Some of that may be related to Roblox&#39;s long-term potential to be a metaverse player. If you agree with this assessment, now might be as good a time as any to buy-in. For others, the fall has made Roblox stock a little more attractive, but investors might want towait a bit longer and see if there is a further pullbackbefore adding shares of this excellent metaversestock.</p><p><blockquote>Roblox股价下跌导致其市销率为25.4，低于几个月前的40。它还将市盈率与自由现金流比率从几个月前的105以上降至70。这两个指标都表明该股仍在溢价交易。其中一些可能与Roblox成为元宇宙玩家的长期潜力有关。如果你同意这个评估，现在可能是买入的好时机。对于其他人来说，下跌使Roblox股票更具吸引力，但投资者可能需要再等一段时间，看看是否会进一步回调，然后再增持这只优秀的元宇宙股票。</blockquote></p><p></body></html></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>Down 15% Already in 2022, Is This Metaverse Stock a Buy?<blockquote>2022年已经下跌15%，这只元宇宙股票值得买入吗？</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\">\nDown 15% Already in 2022, Is This Metaverse Stock a Buy?<blockquote>2022年已经下跌15%，这只元宇宙股票值得买入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2022-01-13 23:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>While 2021 was very good to <b>Roblox</b>(NYSE:RBLX)shareholders, 2022 is off to an arguably poor start. This gaming platform company with metaverse potential has been caught up in the broader growth stock sell-off and is trading down about 15% year to date.</p><p><blockquote><html><head></head><body>虽然2021年非常好<b>Roblox</b>（纽约证券交易所股票代码：RBLX）股东们，2022年的开局可以说很糟糕。这家具有元宇宙潜力的游戏平台公司陷入了更广泛的成长型股票抛售，今年迄今股价下跌了约15%。</body></html></blockquote></p><p>Part of the drop can be attributed to some investor concern heading into 2022 about Roblox&#39;s rich valuation. Let&#39;s look closer at this metaverse company and determine if the concern is justified, or if perhaps the stock is worth buying at its lower (but still elevated) price.</p><p><blockquote>下跌的部分原因是一些投资者对2022年Roblox估值过高的担忧。让我们仔细看看这家元宇宙公司，并确定这种担忧是否合理，或者该股票是否值得以较低（但仍然较高）的价格购买。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39c7699742042e6778c9a2fe3f20c4be\" tg-width=\"1126\" tg-height=\"680\" referrerpolicy=\"no-referrer\"/><span>VARIOUS CHARACTERS FROM THE ROBLOX UNIVERSE STAND TOGETHER ON A SIMULATED STREET IN THE ROBLOX &#34;METAVERSE.&#34; IMAGE SOURCE: ROBLOX.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ROBLOX宇宙中的各种角色一起站在ROBLOX“元宇宙”的模拟街道上。图片来源：ROBLOX。</span></p></blockquote></p><p><b>Roblox is maintaining its user growth momentum</b></p><p><blockquote><b>Roblox正在保持用户增长势头</b></blockquote></p><p>The Roblox app is free to join and use. The company earns revenue through in-app purchases voluntarily made by its users. This freemium model has helped the company attract 49.4 million daily active users (as of November). That&#39;s 35% higher than in the same month in 2020. User engagement and new signups surged for Roblox at the pandemic onset when millions of kids were sent home for remote learning, and extracurricular activities were paused. Despite economies reopening and schools bringing kids back to campus, Roblox has sustained its user growth rates. That&#39;s impressive.</p><p><blockquote>Roblox应用程序可以免费加入和使用。该公司通过用户自愿进行的应用内购买赚取收入。这种免费增值模式帮助该公司吸引了4940万日活跃用户（截至11月）。这比2020年同月高出35%。疫情爆发时，Roblox的用户参与度和新注册人数激增，数百万孩子被送回家进行远程学习，课外活动也被暂停。尽管经济重新开放，学校让孩子们重返校园，Roblox仍保持了用户增长率。真令人印象深刻。</blockquote></p><p>If users wish to access certain items and activities on the platform, they do so by spending Robux, an in-game currency that is purchased with real money. The company records revenue when users spend Robux in the game. In its most recently reported quarter, ended Sept. 30, Roblox earned $509 million in revenue. That total was up by 102% from the same quarter in 2020. In fact, Roblox has doubled revenue year over year in each of the previous four quarters.</p><p><blockquote>如果用户希望访问平台上的某些项目和活动，他们可以通过消费Robux来实现，Robux是一种用真钱购买的游戏内货币。当用户在游戏中花费Robux时，该公司会记录收入。在截至9月30日的最新报告的季度中，Roblox的收入为5.09亿美元。这一总数比2020年同季度增长了102%。事实上，Roblox在过去四个季度的每个季度的收入都同比翻了一番。</blockquote></p><p>Roblox in-house developers do not create most of the games and items that players spend Robux on. Instead, Roblox has a community of third-party developers who spend their time and resources using the platform to create unique experiences, gameplay, and objects they think players will enjoy. This business model lowers the development costs for Roblox and it also lowers one of the biggest risks involved with game development -- the cost of developing an unpopular game. The user-developers take on the risk and only get their share of the compensation if the game attracts user engagement and Robux spending. Only proven hits that generate engagement make money.</p><p><blockquote>Roblox内部开发人员并不创建玩家花费Robux购买的大多数游戏和物品。相反，Roblox有一个第三方开发者社区，他们花费时间和资源使用该平台来创建他们认为玩家会喜欢的独特体验、游戏和对象。这种商业模式降低了Roblox的开发成本，也降低了游戏开发中最大的风险之一——开发一款不受欢迎的游戏的成本。用户开发者承担风险，只有在游戏吸引用户参与和Robux支出的情况下才能获得他们的报酬份额。只有被证实能产生参与度的点击才能赚钱。</blockquote></p><p>The model is proving to be effective at generating cash flow for Roblox. While Roblox isnot profitable on the bottom line, it is earning a growing stream of free cash flow. It has put together a streak of five consecutive quarters where its free cash flow surpassed $100 million. That&#39;s remarkably higher than in all of 2019, when it earned less than $15 million in free cash flow.</p><p><blockquote>事实证明，该模型可以有效地为Roblox产生现金流。虽然Roblox的利润尚未盈利，但它正在赚取越来越多的自由现金流。该公司已连续五个季度自由现金流超过1亿美元。这明显高于2019年全年，当时该公司的自由现金流不到1500万美元。</blockquote></p><p>The one metric for Roblox that shows anysigns of slowing downdue to economic reopening is the average booking per daily active user. Booking is the equivalent of a cash deposit. This is money that players are putting onto Roblox to buy Robux, but they have not used it just yet. In its most recent update, Roblox said the average booking per daily active user declined between 8% to 9% from the same month the prior year. A decrease in deposits could foreshadow decreasing year-over-year revenue.</p><p><blockquote>Roblox显示出因经济重新开放而放缓迹象的一个指标是每个每日活跃用户的平均预订量。预订相当于现金押金。这是玩家放在Roblox上购买Robux的钱，但他们还没有使用它。Roblox在最新更新中表示，每位每日活跃用户的平均预订量较去年同月下降了8%至9%。存款减少可能预示着收入同比下降。</blockquote></p><p>Interestingly, the metaverse is a place where individuals can virtually interact with each other and their environment. Roblox platform is an early-stage version of this. &#34;Metaverse&#34; means different things to different people, and the way users of Roblox interact with each other through the program already fits at least one of these definitions. But there is more it can do, and Roblox management is working with in-house and outside developers to see where it can go with this trend. Of course, the quality of this experience is improved the more immersive it feels. In that regard, Roblox&#39;s attractiveness to users will increase as virtual reality hardware becomes more readily available at more affordable prices.</p><p><blockquote>有趣的是，元宇宙是一个个人可以与彼此和环境进行虚拟互动的地方。Roblox平台是这方面的早期版本。“元宇宙”对不同的人有不同的含义，Roblox的用户通过程序相互互动的方式已经至少符合其中一个定义。但它还可以做更多的事情，Roblox管理层正在与内部和外部开发人员合作，看看它可以在这一趋势下走向何方。当然，这种体验的质量越高，沉浸感就越强。在这方面，随着虚拟现实硬件变得更容易以更实惠的价格获得，Roblox对用户的吸引力将会增加。</blockquote></p><p><b>An excellent company that appears overpriced</b></p><p><blockquote><b>一家看似定价过高的优秀公司</b></blockquote></p><p></p><p>The fall in Roblox&#39;s stock price has it trading at a price-to-sales ratio of 25.4, down from 40 just a few months ago. It also dropped its price-to-free-cash-flow ratio to 70, down from over 105 a few months earlier. Both metrics suggest the stock is still trading at a premium. Some of that may be related to Roblox&#39;s long-term potential to be a metaverse player. If you agree with this assessment, now might be as good a time as any to buy-in. For others, the fall has made Roblox stock a little more attractive, but investors might want towait a bit longer and see if there is a further pullbackbefore adding shares of this excellent metaversestock.</p><p><blockquote>Roblox股价下跌导致其市销率为25.4，低于几个月前的40。它还将市盈率与自由现金流比率从几个月前的105以上降至70。这两个指标都表明该股仍在溢价交易。其中一些可能与Roblox成为元宇宙玩家的长期潜力有关。如果你同意这个评估，现在可能是买入的好时机。对于其他人来说，下跌使Roblox股票更具吸引力，但投资者可能需要再等一段时间，看看是否会进一步回调，然后再增持这只优秀的元宇宙股票。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2022/01/13/is-this-metaverse-stock-buy-2022-roblox/\">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":{"RBLX":"Roblox Corporation"},"source_url":"https://www.fool.com/investing/2022/01/13/is-this-metaverse-stock-buy-2022-roblox/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194290313","content_text":"While 2021 was very good to Roblox(NYSE:RBLX)shareholders, 2022 is off to an arguably poor start. This gaming platform company with metaverse potential has been caught up in the broader growth stock sell-off and is trading down about 15% year to date.Part of the drop can be attributed to some investor concern heading into 2022 about Roblox's rich valuation. Let's look closer at this metaverse company and determine if the concern is justified, or if perhaps the stock is worth buying at its lower (but still elevated) price.VARIOUS CHARACTERS FROM THE ROBLOX UNIVERSE STAND TOGETHER ON A SIMULATED STREET IN THE ROBLOX \"METAVERSE.\" IMAGE SOURCE: ROBLOX.Roblox is maintaining its user growth momentumThe Roblox app is free to join and use. The company earns revenue through in-app purchases voluntarily made by its users. This freemium model has helped the company attract 49.4 million daily active users (as of November). That's 35% higher than in the same month in 2020. User engagement and new signups surged for Roblox at the pandemic onset when millions of kids were sent home for remote learning, and extracurricular activities were paused. Despite economies reopening and schools bringing kids back to campus, Roblox has sustained its user growth rates. That's impressive.If users wish to access certain items and activities on the platform, they do so by spending Robux, an in-game currency that is purchased with real money. The company records revenue when users spend Robux in the game. In its most recently reported quarter, ended Sept. 30, Roblox earned $509 million in revenue. That total was up by 102% from the same quarter in 2020. In fact, Roblox has doubled revenue year over year in each of the previous four quarters.Roblox in-house developers do not create most of the games and items that players spend Robux on. Instead, Roblox has a community of third-party developers who spend their time and resources using the platform to create unique experiences, gameplay, and objects they think players will enjoy. This business model lowers the development costs for Roblox and it also lowers one of the biggest risks involved with game development -- the cost of developing an unpopular game. The user-developers take on the risk and only get their share of the compensation if the game attracts user engagement and Robux spending. Only proven hits that generate engagement make money.The model is proving to be effective at generating cash flow for Roblox. While Roblox isnot profitable on the bottom line, it is earning a growing stream of free cash flow. It has put together a streak of five consecutive quarters where its free cash flow surpassed $100 million. That's remarkably higher than in all of 2019, when it earned less than $15 million in free cash flow.The one metric for Roblox that shows anysigns of slowing downdue to economic reopening is the average booking per daily active user. Booking is the equivalent of a cash deposit. This is money that players are putting onto Roblox to buy Robux, but they have not used it just yet. In its most recent update, Roblox said the average booking per daily active user declined between 8% to 9% from the same month the prior year. A decrease in deposits could foreshadow decreasing year-over-year revenue.Interestingly, the metaverse is a place where individuals can virtually interact with each other and their environment. Roblox platform is an early-stage version of this. \"Metaverse\" means different things to different people, and the way users of Roblox interact with each other through the program already fits at least one of these definitions. But there is more it can do, and Roblox management is working with in-house and outside developers to see where it can go with this trend. Of course, the quality of this experience is improved the more immersive it feels. In that regard, Roblox's attractiveness to users will increase as virtual reality hardware becomes more readily available at more affordable prices.An excellent company that appears overpricedThe fall in Roblox's stock price has it trading at a price-to-sales ratio of 25.4, down from 40 just a few months ago. It also dropped its price-to-free-cash-flow ratio to 70, down from over 105 a few months earlier. Both metrics suggest the stock is still trading at a premium. Some of that may be related to Roblox's long-term potential to be a metaverse player. If you agree with this assessment, now might be as good a time as any to buy-in. For others, the fall has made Roblox stock a little more attractive, but investors might want towait a bit longer and see if there is a further pullbackbefore adding shares of this excellent metaversestock.","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":834,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":694814979,"gmtCreate":1641900922600,"gmtModify":1641900922834,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/694814979","repostId":"2202421200","repostType":4,"isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":694044820,"gmtCreate":1641768183061,"gmtModify":1641768183283,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/694044820","repostId":"1198290127","repostType":4,"repost":{"id":"1198290127","kind":"news","pubTimestamp":1641702682,"share":"https://www.laohu8.com/m/news/1198290127?lang=zh_CN&edition=full","pubTime":"2022-01-09 12:31","market":"us","language":"en","title":"Can Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198290127","media":"TheStreet","summary":"A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready","content":"<p><html><head></head><body>A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?</p><p><blockquote><html><head></head><body>到目前为止，3万亿美元的市值已被证明是苹果股票似乎尚未准备好突破的上限。股价能否很快恢复里程碑并在2022年走高？</body></html></blockquote></p><p>Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.</p><p><blockquote>最近，苹果股票的市值曾一度接近3万亿美元，但很快跌破2.9万亿美元——因为大盘对货币紧缩的反应现在应该比之前预期的更快。</blockquote></p><p>Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?</p><p><blockquote>这家库比蒂诺公司的股价能否最终在2022年找到北上之路，并满足华尔街众多多头的预期？或者，在利率上升和通胀挥之不去的一年里，看跌情绪会占上风吗？</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" referrerpolicy=\"no-referrer\"/><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p><b>AAPL: the bull case</b></p><p><blockquote><b>苹果公司：牛市案例</b></blockquote></p><p>As Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.</p><p><blockquote>随着苹果股价在11月底至12月初期间恶性攀升，许多华尔街专家纷纷支持“AAPL$3T”。例如，至少自去年第三季度我们的谈话以来，Wedbush的Dan Ives一直在谈论市值里程碑。</blockquote></p><p>But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.</p><p><blockquote>但其他分析师最近也加入了看涨行列。摩根士丹利在11月份将目标价上调至每股200美元，而摩根大通研究团队预计苹果股票的市值将在未来12个月内达到3.5万亿美元。</blockquote></p><p>One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.</p><p><blockquote>最直言不讳的乐观主义者之一来自买方。Loup的吉恩·蒙斯特(Gene Munster)认为，他之前的目标价很快就过时了，现在每股250美元似乎更合理。他认为，元宇宙的多年机会将在新的一年里获得投资者的赞赏，这应该会重新点燃该股在2021年最后几周失去的动力。</blockquote></p><p><b>AAPL: the bear case</b></p><p><blockquote><b>苹果公司：熊市案例</b></blockquote></p><p>Despite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.</p><p><blockquote>尽管存在上述乐观预期，主要受到公司特定因素的支持，但市场在进入2022年时仍保持警惕。眼下的恶魔似乎是美联储对接近充分就业和粘性通胀的预期反应，这应该会导致未来几个月利率上升。</blockquote></p><p>I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.</p><p><blockquote>我最近解释了货币供应收紧如何给市盈率相对较高的股票带来麻烦。虽然AAPL不是特斯拉或Rivian，但该股近30倍的预期市盈率和仅温和的盈利增长预期可能会拖累2022年的股价，因为投资者正在寻找价值股和周期性股票的更好交易。</blockquote></p><p><b>The Apple Maven’s take</b></p><p><blockquote><b>苹果专家的看法</b></blockquote></p><p>I continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.</p><p><blockquote>我仍然认为苹果是一只值得长期购买和持有的优秀股票。在以卓越运营为驱动力的首席执行官（和前首席运营官）的领导下，该公司似乎得到了很好的管理。更好的是，对苹果产品和服务的需求以及消费者对该品牌的赞赏似乎处于或接近历史最高水平。</blockquote></p><p>That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.</p><p><blockquote>也就是说，2022年前几周或几个月的设置对我来说看起来很有挑战性。苹果股价在2020年无情攀升，去年再次攀升。得益于大流行推动的科技设备需求激增以及系统中充裕的流动性，AAPL在2019年至2021年间创下了有史以来最好的三年回报率之一。</blockquote></p><p>As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.</p><p><blockquote>尽管元宇宙和自动驾驶汽车能够而且很可能支持公司未来许多年的财务业绩，但我认为苹果公司的股票早就应该喘口气了。虽然股价可能会回升至3万亿美元以上，并最终进一步走高，但我对这种反弹会在不久的将来发生不太有信心。</blockquote></p><p></body></html></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>Can Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2022-01-09 12:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?</p><p><blockquote><html><head></head><body>到目前为止，3万亿美元的市值已被证明是苹果股票似乎尚未准备好突破的上限。股价能否很快恢复里程碑并在2022年走高？</body></html></blockquote></p><p>Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.</p><p><blockquote>最近，苹果股票的市值曾一度接近3万亿美元，但很快跌破2.9万亿美元——因为大盘对货币紧缩的反应现在应该比之前预期的更快。</blockquote></p><p>Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?</p><p><blockquote>这家库比蒂诺公司的股价能否最终在2022年找到北上之路，并满足华尔街众多多头的预期？或者，在利率上升和通胀挥之不去的一年里，看跌情绪会占上风吗？</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" referrerpolicy=\"no-referrer\"/><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p><b>AAPL: the bull case</b></p><p><blockquote><b>苹果公司：牛市案例</b></blockquote></p><p>As Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.</p><p><blockquote>随着苹果股价在11月底至12月初期间恶性攀升，许多华尔街专家纷纷支持“AAPL$3T”。例如，至少自去年第三季度我们的谈话以来，Wedbush的Dan Ives一直在谈论市值里程碑。</blockquote></p><p>But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.</p><p><blockquote>但其他分析师最近也加入了看涨行列。摩根士丹利在11月份将目标价上调至每股200美元，而摩根大通研究团队预计苹果股票的市值将在未来12个月内达到3.5万亿美元。</blockquote></p><p>One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.</p><p><blockquote>最直言不讳的乐观主义者之一来自买方。Loup的吉恩·蒙斯特(Gene Munster)认为，他之前的目标价很快就过时了，现在每股250美元似乎更合理。他认为，元宇宙的多年机会将在新的一年里获得投资者的赞赏，这应该会重新点燃该股在2021年最后几周失去的动力。</blockquote></p><p><b>AAPL: the bear case</b></p><p><blockquote><b>苹果公司：熊市案例</b></blockquote></p><p>Despite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.</p><p><blockquote>尽管存在上述乐观预期，主要受到公司特定因素的支持，但市场在进入2022年时仍保持警惕。眼下的恶魔似乎是美联储对接近充分就业和粘性通胀的预期反应，这应该会导致未来几个月利率上升。</blockquote></p><p>I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.</p><p><blockquote>我最近解释了货币供应收紧如何给市盈率相对较高的股票带来麻烦。虽然AAPL不是特斯拉或Rivian，但该股近30倍的预期市盈率和仅温和的盈利增长预期可能会拖累2022年的股价，因为投资者正在寻找价值股和周期性股票的更好交易。</blockquote></p><p><b>The Apple Maven’s take</b></p><p><blockquote><b>苹果专家的看法</b></blockquote></p><p>I continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.</p><p><blockquote>我仍然认为苹果是一只值得长期购买和持有的优秀股票。在以卓越运营为驱动力的首席执行官（和前首席运营官）的领导下，该公司似乎得到了很好的管理。更好的是，对苹果产品和服务的需求以及消费者对该品牌的赞赏似乎处于或接近历史最高水平。</blockquote></p><p>That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.</p><p><blockquote>也就是说，2022年前几周或几个月的设置对我来说看起来很有挑战性。苹果股价在2020年无情攀升，去年再次攀升。得益于大流行推动的科技设备需求激增以及系统中充裕的流动性，AAPL在2019年至2021年间创下了有史以来最好的三年回报率之一。</blockquote></p><p>As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.</p><p><blockquote>尽管元宇宙和自动驾驶汽车能够而且很可能支持公司未来许多年的财务业绩，但我认为苹果公司的股票早就应该喘口气了。虽然股价可能会回升至3万亿美元以上，并最终进一步走高，但我对这种反弹会在不久的将来发生不太有信心。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/can-apple-stock-reclaim-3-trillion-and-thrive-in-2022\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/can-apple-stock-reclaim-3-trillion-and-thrive-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198290127","content_text":"A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?Figure 1: Apple Park in Cupertino, CA.AAPL: the bull caseAs Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.AAPL: the bear caseDespite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.The Apple Maven’s takeI continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":694040692,"gmtCreate":1641742692700,"gmtModify":1641742693242,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/694040692","repostId":"1198290127","repostType":4,"repost":{"id":"1198290127","kind":"news","pubTimestamp":1641702682,"share":"https://www.laohu8.com/m/news/1198290127?lang=zh_CN&edition=full","pubTime":"2022-01-09 12:31","market":"us","language":"en","title":"Can Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198290127","media":"TheStreet","summary":"A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready","content":"<p><html><head></head><body>A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?</p><p><blockquote><html><head></head><body>到目前为止，3万亿美元的市值已被证明是苹果股票似乎尚未准备好突破的上限。股价能否很快恢复里程碑并在2022年走高？</body></html></blockquote></p><p>Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.</p><p><blockquote>最近，苹果股票的市值曾一度接近3万亿美元，但很快跌破2.9万亿美元——因为大盘对货币紧缩的反应现在应该比之前预期的更快。</blockquote></p><p>Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?</p><p><blockquote>这家库比蒂诺公司的股价能否最终在2022年找到北上之路，并满足华尔街众多多头的预期？或者，在利率上升和通胀挥之不去的一年里，看跌情绪会占上风吗？</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" referrerpolicy=\"no-referrer\"/><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p><b>AAPL: the bull case</b></p><p><blockquote><b>苹果公司：牛市案例</b></blockquote></p><p>As Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.</p><p><blockquote>随着苹果股价在11月底至12月初期间恶性攀升，许多华尔街专家纷纷支持“AAPL$3T”。例如，至少自去年第三季度我们的谈话以来，Wedbush的Dan Ives一直在谈论市值里程碑。</blockquote></p><p>But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.</p><p><blockquote>但其他分析师最近也加入了看涨行列。摩根士丹利在11月份将目标价上调至每股200美元，而摩根大通研究团队预计苹果股票的市值将在未来12个月内达到3.5万亿美元。</blockquote></p><p>One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.</p><p><blockquote>最直言不讳的乐观主义者之一来自买方。Loup的吉恩·蒙斯特(Gene Munster)认为，他之前的目标价很快就过时了，现在每股250美元似乎更合理。他认为，元宇宙的多年机会将在新的一年里获得投资者的赞赏，这应该会重新点燃该股在2021年最后几周失去的动力。</blockquote></p><p><b>AAPL: the bear case</b></p><p><blockquote><b>苹果公司：熊市案例</b></blockquote></p><p>Despite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.</p><p><blockquote>尽管存在上述乐观预期，主要受到公司特定因素的支持，但市场在进入2022年时仍保持警惕。眼下的恶魔似乎是美联储对接近充分就业和粘性通胀的预期反应，这应该会导致未来几个月利率上升。</blockquote></p><p>I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.</p><p><blockquote>我最近解释了货币供应收紧如何给市盈率相对较高的股票带来麻烦。虽然AAPL不是特斯拉或Rivian，但该股近30倍的预期市盈率和仅温和的盈利增长预期可能会拖累2022年的股价，因为投资者正在寻找价值股和周期性股票的更好交易。</blockquote></p><p><b>The Apple Maven’s take</b></p><p><blockquote><b>苹果专家的看法</b></blockquote></p><p>I continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.</p><p><blockquote>我仍然认为苹果是一只值得长期购买和持有的优秀股票。在以卓越运营为驱动力的首席执行官（和前首席运营官）的领导下，该公司似乎得到了很好的管理。更好的是，对苹果产品和服务的需求以及消费者对该品牌的赞赏似乎处于或接近历史最高水平。</blockquote></p><p>That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.</p><p><blockquote>也就是说，2022年前几周或几个月的设置对我来说看起来很有挑战性。苹果股价在2020年无情攀升，去年再次攀升。得益于大流行推动的科技设备需求激增以及系统中充裕的流动性，AAPL在2019年至2021年间创下了有史以来最好的三年回报率之一。</blockquote></p><p>As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.</p><p><blockquote>尽管元宇宙和自动驾驶汽车能够而且很可能支持公司未来许多年的财务业绩，但我认为苹果公司的股票早就应该喘口气了。虽然股价可能会回升至3万亿美元以上，并最终进一步走高，但我对这种反弹会在不久的将来发生不太有信心。</blockquote></p><p></body></html></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>Can Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Apple Stock Reclaim $3 Trillion And Thrive In 2022?<blockquote>苹果股价能否在2022年收回3万亿美元并蓬勃发展？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2022-01-09 12:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?</p><p><blockquote><html><head></head><body>到目前为止，3万亿美元的市值已被证明是苹果股票似乎尚未准备好突破的上限。股价能否很快恢复里程碑并在2022年走高？</body></html></blockquote></p><p>Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.</p><p><blockquote>最近，苹果股票的市值曾一度接近3万亿美元，但很快跌破2.9万亿美元——因为大盘对货币紧缩的反应现在应该比之前预期的更快。</blockquote></p><p>Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?</p><p><blockquote>这家库比蒂诺公司的股价能否最终在2022年找到北上之路，并满足华尔街众多多头的预期？或者，在利率上升和通胀挥之不去的一年里，看跌情绪会占上风吗？</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" referrerpolicy=\"no-referrer\"/><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p><b>AAPL: the bull case</b></p><p><blockquote><b>苹果公司：牛市案例</b></blockquote></p><p>As Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.</p><p><blockquote>随着苹果股价在11月底至12月初期间恶性攀升，许多华尔街专家纷纷支持“AAPL$3T”。例如，至少自去年第三季度我们的谈话以来，Wedbush的Dan Ives一直在谈论市值里程碑。</blockquote></p><p>But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.</p><p><blockquote>但其他分析师最近也加入了看涨行列。摩根士丹利在11月份将目标价上调至每股200美元，而摩根大通研究团队预计苹果股票的市值将在未来12个月内达到3.5万亿美元。</blockquote></p><p>One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.</p><p><blockquote>最直言不讳的乐观主义者之一来自买方。Loup的吉恩·蒙斯特(Gene Munster)认为，他之前的目标价很快就过时了，现在每股250美元似乎更合理。他认为，元宇宙的多年机会将在新的一年里获得投资者的赞赏，这应该会重新点燃该股在2021年最后几周失去的动力。</blockquote></p><p><b>AAPL: the bear case</b></p><p><blockquote><b>苹果公司：熊市案例</b></blockquote></p><p>Despite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.</p><p><blockquote>尽管存在上述乐观预期，主要受到公司特定因素的支持，但市场在进入2022年时仍保持警惕。眼下的恶魔似乎是美联储对接近充分就业和粘性通胀的预期反应，这应该会导致未来几个月利率上升。</blockquote></p><p>I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.</p><p><blockquote>我最近解释了货币供应收紧如何给市盈率相对较高的股票带来麻烦。虽然AAPL不是特斯拉或Rivian，但该股近30倍的预期市盈率和仅温和的盈利增长预期可能会拖累2022年的股价，因为投资者正在寻找价值股和周期性股票的更好交易。</blockquote></p><p><b>The Apple Maven’s take</b></p><p><blockquote><b>苹果专家的看法</b></blockquote></p><p>I continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.</p><p><blockquote>我仍然认为苹果是一只值得长期购买和持有的优秀股票。在以卓越运营为驱动力的首席执行官（和前首席运营官）的领导下，该公司似乎得到了很好的管理。更好的是，对苹果产品和服务的需求以及消费者对该品牌的赞赏似乎处于或接近历史最高水平。</blockquote></p><p>That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.</p><p><blockquote>也就是说，2022年前几周或几个月的设置对我来说看起来很有挑战性。苹果股价在2020年无情攀升，去年再次攀升。得益于大流行推动的科技设备需求激增以及系统中充裕的流动性，AAPL在2019年至2021年间创下了有史以来最好的三年回报率之一。</blockquote></p><p>As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.</p><p><blockquote>尽管元宇宙和自动驾驶汽车能够而且很可能支持公司未来许多年的财务业绩，但我认为苹果公司的股票早就应该喘口气了。虽然股价可能会回升至3万亿美元以上，并最终进一步走高，但我对这种反弹会在不久的将来发生不太有信心。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/can-apple-stock-reclaim-3-trillion-and-thrive-in-2022\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/can-apple-stock-reclaim-3-trillion-and-thrive-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198290127","content_text":"A market cap of $3 trillion has, so far, proven to be a ceiling that Apple stock does not seem ready to break through yet. Can shares reclaim the milestone soon and head higher in 2022?Recently, Apple stock flirted with $3 trillion in market cap, but quickly dipped below $2.9 trillion — as the broad market reacted to monetary tightening that should now happen more rapidly than previously expected.Can shares of the Cupertino company finally find its way north in 2022 and meet the expectations of so many bulls on Wall Street? Or will bearishness take over during a year of rising interest rates and lingering inflation?Figure 1: Apple Park in Cupertino, CA.AAPL: the bull caseAs Apple stock climbed viciously between late November and early December, many Wall Street experts piled on in support of “AAPL $3T”. Wedbush’s Dan Ives, for example, has been talking about the market cap milestone since our conversation in Q3 of last year, at least.But other analysts have also hopped on the bullish bandwagon recently. Morgan Stanley upped its price target to $200 per share in November, while the JPMorgan research team saw Apple stock heading to $3.5 trillion in market cap over the next 12 months.One of the most vocal optimists came from the buy side. Loup’s Gene Munster thought that his previous price target had quickly become stale, and that $250 per share now seemed more reasonable. In his opinion, the multi-year opportunity in the metaverse will gain investor appreciation in the new year, which should reignite momentum that the stock had lost in the last few weeks of 2021.AAPL: the bear caseDespite the upbeat expectations described above, mostly supported by company-specific factors, the market rolled into 2022 with its guard up. The boogieman of the moment seems to be the Federal Reserve’s anticipated reaction to near-full employment and sticky inflation, which should lead to higher interest rates in the next several months.I have recently explained how tighter money supply can spell trouble for stocks that trade for relatively high multiples. While AAPL is no Tesla or Rivian, the stock’s forward P/E of nearly 30 times and only modest earnings growth expectations could be a drag for share price in 2022, as investors look for better deals in value and cyclical stocks.The Apple Maven’s takeI continue to think that Apple is a great stock to buy and hold for the long term. Under the leadership of a CEO (and former COO) that is driven by operational excellence, the company seems to be in very good hands. Better yet, demand for Apple’s products and services, as well as consumer appreciation for the brand, seem to be at or near an all-time high.That said, the setup for the first few weeks or months of 2022 looks challenging to me. Apple stock climbed relentlessly in 2020, and then again last year. Aided by a spike in pandemic-driven demand for tech devices and lavish liquidity in the system, AAPL recorded one of its best three years of returns ever between 2019 and 2021.As much as the metaverse and autonomous vehicles can and likely will support the company’s financial results over the next many years, I think that AAPL stock is overdue for a breather. While shares will likely climb back above $3 trillion and head much higher from there eventually, I am not so confident that this rally will happen in the immediate future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695724202,"gmtCreate":1641613902309,"gmtModify":1641613903227,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/695724202","repostId":"2201424321","repostType":4,"isVote":1,"tweetType":1,"viewCount":893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695593795,"gmtCreate":1641509045151,"gmtModify":1641509045357,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/695593795","repostId":"2201665872","repostType":4,"isVote":1,"tweetType":1,"viewCount":767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695824693,"gmtCreate":1641422825560,"gmtModify":1641422825794,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695824693","repostId":"2201236894","repostType":4,"isVote":1,"tweetType":1,"viewCount":1074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695881858,"gmtCreate":1641398283912,"gmtModify":1641398284181,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695881858","repostId":"2201236894","repostType":4,"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695975199,"gmtCreate":1641311275775,"gmtModify":1641311276012,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695975199","repostId":"2200406435","repostType":4,"isVote":1,"tweetType":1,"viewCount":1067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692763930,"gmtCreate":1641221202723,"gmtModify":1641221214501,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089878444731060","authorIdStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692763930","repostId":"1117854838","repostType":4,"repost":{"id":"1117854838","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641220222,"share":"https://www.laohu8.com/m/news/1117854838?lang=zh_CN&edition=full","pubTime":"2022-01-03 22:30","market":"us","language":"en","title":"U.S. stock market opens modestly higher on Monday to kick off first trade in 2022<blockquote>美国股市周一小幅高开开启2022年首笔交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117854838","media":"Tiger Newspress","summary":"U.S. stock market opens modestly higher on Monday to kick off first trade in 2022.The Dow Jones Indu","content":"<p><html><head></head><body>U.S. stock market opens modestly higher on Monday to kick off first trade in 2022.</p><p><blockquote><html><head></head><body>美国股市周一小幅高开，开启2022年首次交易。</body></html></blockquote></p><p>The Dow Jones Industrial Average jumped 60 points, or about 0.1%. The S&amp;P 500 added 0.4% and the Nasdaq Composite advanced about 0.8%.</p><p><blockquote>道琼斯工业平均指数上涨60点，涨幅约0.1%。标普500上涨0.4%，纳斯达克综合指数上涨约0.8%。</blockquote></p><p>Stocks have a tendency to gain in the start of a new year as investors look to put new money to work, Bank of America noted on Monday. The S&amp;P 500 was up in the first week of the calendar year in 11 of the last 13 years, with an average gain of about 1.6%, the firm found.</p><p><blockquote>美国银行周一指出，随着投资者希望投入新资金，股市在新年伊始往往会上涨。该公司发现，在过去13年中，有11年标普500在日历年第一周上涨，平均涨幅约为1.6%。</blockquote></p><p>Tesla helped the market generate some early momentum Monday, rising 6.8% after theelectric vehicle company reported 308,600 deliveries in the fourth quarter, beating expectations.</p><p><blockquote>特斯拉周一帮助市场产生了一些早期动力，该电动汽车公司公布第四季度交付量为308,600辆，超出预期，股价上涨6.8%。</blockquote></p><p>Along with Tesla, big automakers also saw their shares climb, with Ford Motor and General Motors each rising1.6%.</p><p><blockquote>除特斯拉外，大型汽车制造商的股价也上涨，福特汽车和通用汽车各上涨1.6%。</blockquote></p><p>Reopening stocks also pushed higher. Airlines edged higher as investors shrugged off concerns about holiday flight cancelations that have extended into Monday. United Airlines gained 1% and Alaska Air rose 2.3%. Meanwhile, casino stocks including Las Vegas Sands and Wynn Resorts gained about 1% apiece.</p><p><blockquote>重新开放的股票也推高了。由于投资者摆脱了对延续至周一的假日航班取消的担忧，航空公司小幅走高。联合航空上涨1%，阿拉斯加航空上涨2.3%。与此同时，拉斯维加斯金沙集团和永利度假村等赌场股各上涨约1%。</blockquote></p><p>The moves come after markets closed out a strong 2021 last week. TheS&amp;P 500 rose nearly 27% for the year, with the Nasdaq Composite and Dow also posting large returns. Stocks fell slightly on Friday, but the S&amp;P 500 and Dow were positive for the final week of the year.</p><p><blockquote>这些举措是在上周市场结束强劲的2021年之后出台的。标准普尔500指数今年上涨了近27%，纳斯达克综合指数和道琼斯指数也取得了丰厚的回报。周五股市小幅下跌，但标普500和道琼斯指数在今年最后一周表现良好。</blockquote></p><p>The new year starts with continued uncertainty around the Covid-19 pandemic. The rise of the omicron variant helped lead to the thousands of flight cancellations during the holiday season and has led some businesses and schools to consider temporary closures. Also, several major Wall Street banks have asked employees to work from home for the first few weeks of January.</p><p><blockquote>新年伊始，围绕新冠肺炎疫情的持续不确定性。奥密克戎变种的兴起导致假期期间数千个航班取消，并导致一些企业和学校考虑暂时关闭。此外，华尔街几家主要银行已要求员工在1月份的前几周在家工作。</blockquote></p><p>Infectious disease expert Dr. Anthony Fauci told ABC&#39;s &#34;This Week&#34; on Sunday that U.S. health officials may soon update guidelines to include a testing recommendation to signal when a person who previously tested positive for Covid can leave isolation.</p><p><blockquote>传染病专家安东尼·福奇博士周日告诉美国广播公司的“本周”节目，美国卫生官员可能很快会更新指南，纳入检测建议，以发出信号，表明此前新冠病毒检测呈阳性的人何时可以离开隔离。</blockquote></p><p>Inflation and monetary policy are also expected to be key themes for 2022, as investors expect the Federal Reserve to hike rates multiple times in the coming year to help cool the rise in prices for consumers.</p><p><blockquote>通胀和货币政策预计也将成为2022年的关键主题，因为投资者预计美联储将在未来一年多次加息，以帮助消费者冷却物价上涨。</blockquote></p><p>“Just as for the economy as a whole, the market story for 2022 will be a return to normal. As hiring continues, spending grows, and businesses hire and invest, the economy will be normal. The government is normalizing policy on the same expectations. When you look at the macro picture, the overarching theme is 2022 will bring us back to something like normal,” Brad McMillan, chief investment officer for Commonwealth Financial Network, said in a note to clients on Friday.</p><p><blockquote>“就像整体经济一样，2022年的市场故事将是恢复正常。随着招聘的继续，支出的增长，以及企业招聘和投资，经济将恢复正常。政府正在根据同样的预期使政策正常化。当你看宏观形势时，首要主题是2022年将使我们恢复正常，”联邦金融网络首席投资官布拉德·麦克米兰周五在给客户的一份报告中表示。</blockquote></p><p>The first week of the year will be a busy one for economic data, with the key December jobs report slated for a Friday morning release. On Monday, investors will get updated looks at manufacturing activity and construction spending.</p><p><blockquote>今年第一周将是经济数据繁忙的一周，关键的12月份就业报告定于周五上午发布。周一，投资者将获得制造业活动和建筑支出的最新情况。</blockquote></p><p></body></html></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>U.S. stock market opens modestly higher on Monday to kick off first trade in 2022<blockquote>美国股市周一小幅高开开启2022年首笔交易</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\">\nU.S. stock market opens modestly higher on Monday to kick off first trade in 2022<blockquote>美国股市周一小幅高开开启2022年首笔交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-01-03 22:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stock market opens modestly higher on Monday to kick off first trade in 2022.</p><p><blockquote><html><head></head><body>美国股市周一小幅高开，开启2022年首次交易。</body></html></blockquote></p><p>The Dow Jones Industrial Average jumped 60 points, or about 0.1%. The S&amp;P 500 added 0.4% and the Nasdaq Composite advanced about 0.8%.</p><p><blockquote>道琼斯工业平均指数上涨60点，涨幅约0.1%。标普500上涨0.4%，纳斯达克综合指数上涨约0.8%。</blockquote></p><p>Stocks have a tendency to gain in the start of a new year as investors look to put new money to work, Bank of America noted on Monday. The S&amp;P 500 was up in the first week of the calendar year in 11 of the last 13 years, with an average gain of about 1.6%, the firm found.</p><p><blockquote>美国银行周一指出，随着投资者希望投入新资金，股市在新年伊始往往会上涨。该公司发现，在过去13年中，有11年标普500在日历年第一周上涨，平均涨幅约为1.6%。</blockquote></p><p>Tesla helped the market generate some early momentum Monday, rising 6.8% after theelectric vehicle company reported 308,600 deliveries in the fourth quarter, beating expectations.</p><p><blockquote>特斯拉周一帮助市场产生了一些早期动力，该电动汽车公司公布第四季度交付量为308,600辆，超出预期，股价上涨6.8%。</blockquote></p><p>Along with Tesla, big automakers also saw their shares climb, with Ford Motor and General Motors each rising1.6%.</p><p><blockquote>除特斯拉外，大型汽车制造商的股价也上涨，福特汽车和通用汽车各上涨1.6%。</blockquote></p><p>Reopening stocks also pushed higher. Airlines edged higher as investors shrugged off concerns about holiday flight cancelations that have extended into Monday. United Airlines gained 1% and Alaska Air rose 2.3%. Meanwhile, casino stocks including Las Vegas Sands and Wynn Resorts gained about 1% apiece.</p><p><blockquote>重新开放的股票也推高了。由于投资者摆脱了对延续至周一的假日航班取消的担忧，航空公司小幅走高。联合航空上涨1%，阿拉斯加航空上涨2.3%。与此同时，拉斯维加斯金沙集团和永利度假村等赌场股各上涨约1%。</blockquote></p><p>The moves come after markets closed out a strong 2021 last week. TheS&amp;P 500 rose nearly 27% for the year, with the Nasdaq Composite and Dow also posting large returns. Stocks fell slightly on Friday, but the S&amp;P 500 and Dow were positive for the final week of the year.</p><p><blockquote>这些举措是在上周市场结束强劲的2021年之后出台的。标准普尔500指数今年上涨了近27%，纳斯达克综合指数和道琼斯指数也取得了丰厚的回报。周五股市小幅下跌，但标普500和道琼斯指数在今年最后一周表现良好。</blockquote></p><p>The new year starts with continued uncertainty around the Covid-19 pandemic. The rise of the omicron variant helped lead to the thousands of flight cancellations during the holiday season and has led some businesses and schools to consider temporary closures. Also, several major Wall Street banks have asked employees to work from home for the first few weeks of January.</p><p><blockquote>新年伊始，围绕新冠肺炎疫情的持续不确定性。奥密克戎变种的兴起导致假期期间数千个航班取消，并导致一些企业和学校考虑暂时关闭。此外，华尔街几家主要银行已要求员工在1月份的前几周在家工作。</blockquote></p><p>Infectious disease expert Dr. Anthony Fauci told ABC&#39;s &#34;This Week&#34; on Sunday that U.S. health officials may soon update guidelines to include a testing recommendation to signal when a person who previously tested positive for Covid can leave isolation.</p><p><blockquote>传染病专家安东尼·福奇博士周日告诉美国广播公司的“本周”节目，美国卫生官员可能很快会更新指南，纳入检测建议，以发出信号，表明此前新冠病毒检测呈阳性的人何时可以离开隔离。</blockquote></p><p>Inflation and monetary policy are also expected to be key themes for 2022, as investors expect the Federal Reserve to hike rates multiple times in the coming year to help cool the rise in prices for consumers.</p><p><blockquote>通胀和货币政策预计也将成为2022年的关键主题，因为投资者预计美联储将在未来一年多次加息，以帮助消费者冷却物价上涨。</blockquote></p><p>“Just as for the economy as a whole, the market story for 2022 will be a return to normal. As hiring continues, spending grows, and businesses hire and invest, the economy will be normal. The government is normalizing policy on the same expectations. When you look at the macro picture, the overarching theme is 2022 will bring us back to something like normal,” Brad McMillan, chief investment officer for Commonwealth Financial Network, said in a note to clients on Friday.</p><p><blockquote>“就像整体经济一样，2022年的市场故事将是恢复正常。随着招聘的继续，支出的增长，以及企业招聘和投资，经济将恢复正常。政府正在根据同样的预期使政策正常化。当你看宏观形势时，首要主题是2022年将使我们恢复正常，”联邦金融网络首席投资官布拉德·麦克米兰周五在给客户的一份报告中表示。</blockquote></p><p>The first week of the year will be a busy one for economic data, with the key December jobs report slated for a Friday morning release. On Monday, investors will get updated looks at manufacturing activity and construction spending.</p><p><blockquote>今年第一周将是经济数据繁忙的一周，关键的12月份就业报告定于周五上午发布。周一，投资者将获得制造业活动和建筑支出的最新情况。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117854838","content_text":"U.S. stock market opens modestly higher on Monday to kick off first trade in 2022.The Dow Jones Industrial Average jumped 60 points, or about 0.1%. The S&P 500 added 0.4% and the Nasdaq Composite advanced about 0.8%.Stocks have a tendency to gain in the start of a new year as investors look to put new money to work, Bank of America noted on Monday. The S&P 500 was up in the first week of the calendar year in 11 of the last 13 years, with an average gain of about 1.6%, the firm found.Tesla helped the market generate some early momentum Monday, rising 6.8% after theelectric vehicle company reported 308,600 deliveries in the fourth quarter, beating expectations.Along with Tesla, big automakers also saw their shares climb, with Ford Motor and General Motors each rising1.6%.Reopening stocks also pushed higher. Airlines edged higher as investors shrugged off concerns about holiday flight cancelations that have extended into Monday. United Airlines gained 1% and Alaska Air rose 2.3%. Meanwhile, casino stocks including Las Vegas Sands and Wynn Resorts gained about 1% apiece.The moves come after markets closed out a strong 2021 last week. TheS&P 500 rose nearly 27% for the year, with the Nasdaq Composite and Dow also posting large returns. Stocks fell slightly on Friday, but the S&P 500 and Dow were positive for the final week of the year.The new year starts with continued uncertainty around the Covid-19 pandemic. The rise of the omicron variant helped lead to the thousands of flight cancellations during the holiday season and has led some businesses and schools to consider temporary closures. Also, several major Wall Street banks have asked employees to work from home for the first few weeks of January.Infectious disease expert Dr. Anthony Fauci told ABC's \"This Week\" on Sunday that U.S. health officials may soon update guidelines to include a testing recommendation to signal when a person who previously tested positive for Covid can leave isolation.Inflation and monetary policy are also expected to be key themes for 2022, as investors expect the Federal Reserve to hike rates multiple times in the coming year to help cool the rise in prices for consumers.“Just as for the economy as a whole, the market story for 2022 will be a return to normal. As hiring continues, spending grows, and businesses hire and invest, the economy will be normal. The government is normalizing policy on the same expectations. When you look at the macro picture, the overarching theme is 2022 will bring us back to something like normal,” Brad McMillan, chief investment officer for Commonwealth Financial Network, said in a note to clients on Friday.The first week of the year will be a busy one for economic data, with the key December jobs report slated for a Friday morning release. On Monday, investors will get updated looks at manufacturing activity and construction 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transactions, or other means.</li>  <li>The repurchase authorization will expire on December 21, 2024.</li>  <li>Thor held $339.3 million in&nbsp;cash and equivalents&nbsp;as of October 31, 2021.</li>  <li><b>Price Action:</b>&nbsp;THO shares closed higher by 1.51% at $95.00 on Tuesday.</li> </ul></p><p><blockquote><ul><li><b>托尔工业公司</b>董事会已授权回购最多2.5亿美元的普通股。</li><li>公司可不时通过公开市场购买、私下协商交易或其他方式酌情购买股份。</li><li>回购授权将于2024年12月21日到期。</li><li>截至2021年10月31日，Thor持有现金及等价物3.393亿美元。</li><li><b>价格走势：</b>周二，THO股价收盘上涨1.51%，至95.00美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thor Industries Adopts $250M Share Buyback Program<blockquote>Thor Industries采用2.5亿美元股票回购计划</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 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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\">\nThor Industries Adopts $250M Share Buyback Program<blockquote>Thor Industries采用2.5亿美元股票回购计划</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\">2021-12-22 19:27</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><ul>  <li><b>Thor Industries Inc</b>&nbsp;Board of Directors has authorized&nbsp;the repurchase of up to $250 million of its common stock.</li>  <li>The company may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions, or other means.</li>  <li>The repurchase authorization will expire on December 21, 2024.</li>  <li>Thor held $339.3 million in&nbsp;cash and equivalents&nbsp;as of October 31, 2021.</li>  <li><b>Price Action:</b>&nbsp;THO shares closed higher by 1.51% at $95.00 on Tuesday.</li> </ul></p><p><blockquote><ul><li><b>托尔工业公司</b>董事会已授权回购最多2.5亿美元的普通股。</li><li>公司可不时通过公开市场购买、私下协商交易或其他方式酌情购买股份。</li><li>回购授权将于2024年12月21日到期。</li><li>截至2021年10月31日，Thor持有现金及等价物3.393亿美元。</li><li><b>价格走势：</b>周二，THO股价收盘上涨1.51%，至95.00美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"THO":"索尔工业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121071515","content_text":"Thor Industries Inc Board of Directors has authorized the repurchase of up to $250 million of its common stock.\nThe company may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions, or other means.\nThe repurchase authorization will expire on December 21, 2024.\nThor held $339.3 million in cash and equivalents as of October 31, 2021.\nPrice Action: THO shares closed higher by 1.51% at $95.00 on Tuesday.","news_type":1,"symbols_score_info":{"THO":0.9}},"isVote":1,"tweetType":1,"viewCount":901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604952291,"gmtCreate":1639318610615,"gmtModify":1639318610825,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089878444731060","idStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604952291","repostId":"1103250344","repostType":4,"repost":{"id":"1103250344","kind":"news","pubTimestamp":1639280672,"share":"https://www.laohu8.com/m/news/1103250344?lang=zh_CN&edition=full","pubTime":"2021-12-12 11:44","market":"sh","language":"en","title":"US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103250344","media":"renaissancecap...","summary":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to r","content":"<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三起IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发人员<b>轮回</b>(IOT)计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。Samsara增长迅速，但利润极低，在2022财年第9个月，ARR超过10万美元的客户实现了两位数增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>鲜藤酒</b>(VINE)计划以1.16亿美元的市值筹集2100万美元。这家名人创立的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine通过批发、零售和DTC渠道销售其葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微型卫星开发商<b>Sidus空间</b>(SIDU)计划以8100万美元的市值筹集1500万美元。这家公司提供设计、制造、发射和数据收集等商业卫星服务。迄今为止，Sidus Space已产生与太空相关的制造收入，但2021年9月毛利率为负，严重无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</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\">\nUS IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-12 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三起IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发人员<b>轮回</b>(IOT)计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。Samsara增长迅速，但利润极低，在2022财年第9个月，ARR超过10万美元的客户实现了两位数增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>鲜藤酒</b>(VINE)计划以1.16亿美元的市值筹集2100万美元。这家名人创立的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine通过批发、零售和DTC渠道销售其葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微型卫星开发商<b>Sidus空间</b>(SIDU)计划以8100万美元的市值筹集1500万美元。这家公司提供设计、制造、发射和数据收集等商业卫星服务。迄今为止，Sidus Space已产生与太空相关的制造收入，但2021年9月毛利率为负，严重无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week\">renaissancecap...</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","IOT":"Samsara, Inc.",".SPX":"S&P 500 Index","SIDU":"Sidus Space Inc.",".DJI":"道琼斯"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103250344","content_text":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.\nIoT solutions developerSamsara(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.\nWine brandFresh Vine Wine(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.\nMicro-cap satellite developerSidus Space(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection.  Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.","news_type":1,"symbols_score_info":{".IXIC":0,".SPX":0,"SIDU":0,"IOT":0,"VINE":0,".DJI":0}},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844160343,"gmtCreate":1636411513540,"gmtModify":1636411513867,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089878444731060","idStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844160343","repostId":"1167164270","repostType":4,"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855408972,"gmtCreate":1635386924531,"gmtModify":1635386924531,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089878444731060","idStr":"4089878444731060"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/855408972","repostId":"2178234765","repostType":4,"isVote":1,"tweetType":1,"viewCount":646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824836764,"gmtCreate":1634299608509,"gmtModify":1634299622425,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089878444731060","idStr":"4089878444731060"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/824836764","repostId":"1128641889","repostType":4,"repost":{"id":"1128641889","kind":"news","pubTimestamp":1634227362,"share":"https://www.laohu8.com/m/news/1128641889?lang=zh_CN&edition=full","pubTime":"2021-10-15 00:02","market":"us","language":"en","title":"Tesla Is the World’s Most Valuable Car Stock. Even the Haters Think So.<blockquote>特斯拉是世界上最有价值的汽车股。即使是仇恨者也这么认为。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128641889","media":"Barrons","summary":"Tesla is the world’s most valuable car stock. Even the bears admit it.Thursday, Barclays analyst Brian Johnson raised his price target for Tesla  stock to $300 from $230. He still rates shares the equivalent of Sell, though. And Tesla stock closed Thursday at $818.32—nowhere near $300. Still, his price target was bumped to an important level in one respect.At $300, Johnson is saying that Tesla stock is worth about $300 billion.  That’s more than Toyota Motor’s  market capitalization of about $28","content":"<p>Tesla&nbsp;is the world’s most valuable car stock. Even the bears admit it.</p><p><blockquote>特斯拉是世界上最有价值的汽车股。就连空头也承认了。</blockquote></p><p> Thursday, Barclays analyst Brian Johnson raised his price target for Tesla (ticker: TSLA) stock to $300 from $230. He still rates shares the equivalent of Sell, though. And Tesla stock closed Thursday at $818.32—nowhere near $300. Still, his price target was bumped to an important level in one respect.</p><p><blockquote>周四，Barclays分析师Brian Johnson将特斯拉（股票代码：TSLA）股票的目标价从230美元上调至300美元。不过，他对股票的评级仍相当于卖出。特斯拉股价周四收于818.32美元，远未达到300美元。尽管如此，他的价格目标在一个方面被提高到了一个重要水平。</blockquote></p><p> At $300, Johnson is saying that Tesla stock is worth about $300 billion. (Tesla has about 1 billion shares outstanding, making the math easy.) That’s more than&nbsp;Toyota Motor’s&nbsp;(TM) market capitalization of about $287 billion. Another analyst now believes there is no more valuable car company than Tesla.</p><p><blockquote>Johnson表示，特斯拉股票的价格为300美元，价值约为3000亿美元。（特斯拉拥有约10亿股已发行股票，这使得计算变得简单。）这超过了丰田汽车(TM)约2870亿美元的市值。另一位分析师现在认为，没有比特斯拉更有价值的汽车公司了。</blockquote></p><p> Tesla remains a very controversial stock on Wall Street. Analyst price targets—even removing the top and bottom targets to reduce skew—range from $150 to $1,080 a share. The $930 bull-bear spread is more than 100% of the current stock price and two to three times wider than the average spread for large stocks.</p><p><blockquote>特斯拉在华尔街仍然是一只非常有争议的股票。分析师的目标价——甚至取消了最高和最低目标以减少偏差——范围为每股150美元至1,080美元。930美元的牛熊价差是当前股价的100%以上，比大型股票的平均价差宽两到三倍。</blockquote></p><p> The bull-bear spread for&nbsp;Microsoft&nbsp;(MSFT), for instance, is about $100 a share or roughly 33% of the stock’s recent $296.31 price.</p><p><blockquote>例如，微软(MSFT)的牛熊价差约为每股100美元，约为该股近期296.31美元价格的33%。</blockquote></p><p> The Tesla controversy boils down, in large part, to a debate about what Tesla is. Bears believe it is a car company and that competition will erode its margins and slow its growth. Bulls believe Tesla is a platform tech company with many businesses—such as stationary power—along with its core car operations and that Tesla’s lead over automotive peers in things such as autonomous driving and battery management software will enable high growth for a decade while maintaining leading EV market share.</p><p><blockquote>特斯拉的争议在很大程度上可以归结为一场关于特斯拉是什么的辩论。看空者认为它是一家汽车公司，竞争将侵蚀其利润并减缓其增长。看多者认为，特斯拉是一家平台科技公司，拥有许多业务（例如固定电源）及其核心汽车业务，并且特斯拉在自动驾驶和电池管理软件等方面相对于汽车同行的领先地位将实现十年的高增长，同时保持领先的电动汽车市场份额。</blockquote></p><p> Johnson, for his part, is a traditional auto analyst covering more than 20 companies. He appears to fall in the former camp. He rates&nbsp;General Motors&nbsp;(GM) and&nbsp;Ford Motor&nbsp;(F) stock Buy. Those two stocks trade for single-digit price-to-earnings ratios. Tesla trades for roughly 100 times estimated 2022 earnings.</p><p><blockquote>约翰逊是一名传统的汽车分析师，负责20多家公司的业务。他似乎属于前一个阵营。他将通用汽车(GM)和福特汽车(F)股票评级为买入。这两只股票的市盈率为个位数。特斯拉的市盈率约为2022年预期市盈率的100倍。</blockquote></p><p> He raised his price target because, despite believing the company is overvalued, things are looking good going into the third-quarter earnings release due October 20.</p><p><blockquote>他提高了目标价，因为尽管他认为该公司被高估，但在10月20日发布的第三季度财报中，情况看起来不错。</blockquote></p><p> For the third quarter, Wall Street is looking for about $1.50 in per-share earnings from $13.5 billion in sales. The company earned $1.45 in adjusted per-share earnings from $12 billion in sales during the second quarter.</p><p><blockquote>华尔街预计第三季度销售额为135亿美元，每股收益约为1.5美元。该公司第二季度销售额为120亿美元，调整后每股收益为1.45美元。</blockquote></p><p> Tesla stock has been on a strong run, reflecting the good setup into earnings. Shares are up about 21% over the past three months. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;are both down slightly over the same span.</p><p><blockquote>特斯拉股价一直表现强劲，反映出盈利状况良好。过去三个月股价上涨了约21%。标准普尔500指数和道琼斯工业平均指数同期均小幅下跌。</blockquote></p><p> Its stock rose 0.4% to $821.75 in premarket trading.</p><p><blockquote>其股价在盘前交易中上涨0.4%至821.75美元。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Is the World’s Most Valuable Car Stock. Even the Haters Think So.<blockquote>特斯拉是世界上最有价值的汽车股。即使是仇恨者也这么认为。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Is the World’s Most Valuable Car Stock. Even the Haters Think So.<blockquote>特斯拉是世界上最有价值的汽车股。即使是仇恨者也这么认为。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-10-15 00:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;is the world’s most valuable car stock. Even the bears admit it.</p><p><blockquote>特斯拉是世界上最有价值的汽车股。就连空头也承认了。</blockquote></p><p> Thursday, Barclays analyst Brian Johnson raised his price target for Tesla (ticker: TSLA) stock to $300 from $230. He still rates shares the equivalent of Sell, though. And Tesla stock closed Thursday at $818.32—nowhere near $300. Still, his price target was bumped to an important level in one respect.</p><p><blockquote>周四，Barclays分析师Brian Johnson将特斯拉（股票代码：TSLA）股票的目标价从230美元上调至300美元。不过，他对股票的评级仍相当于卖出。特斯拉股价周四收于818.32美元，远未达到300美元。尽管如此，他的价格目标在一个方面被提高到了一个重要水平。</blockquote></p><p> At $300, Johnson is saying that Tesla stock is worth about $300 billion. (Tesla has about 1 billion shares outstanding, making the math easy.) That’s more than&nbsp;Toyota Motor’s&nbsp;(TM) market capitalization of about $287 billion. Another analyst now believes there is no more valuable car company than Tesla.</p><p><blockquote>Johnson表示，特斯拉股票的价格为300美元，价值约为3000亿美元。（特斯拉拥有约10亿股已发行股票，这使得计算变得简单。）这超过了丰田汽车(TM)约2870亿美元的市值。另一位分析师现在认为，没有比特斯拉更有价值的汽车公司了。</blockquote></p><p> Tesla remains a very controversial stock on Wall Street. Analyst price targets—even removing the top and bottom targets to reduce skew—range from $150 to $1,080 a share. The $930 bull-bear spread is more than 100% of the current stock price and two to three times wider than the average spread for large stocks.</p><p><blockquote>特斯拉在华尔街仍然是一只非常有争议的股票。分析师的目标价——甚至取消了最高和最低目标以减少偏差——范围为每股150美元至1,080美元。930美元的牛熊价差是当前股价的100%以上，比大型股票的平均价差宽两到三倍。</blockquote></p><p> The bull-bear spread for&nbsp;Microsoft&nbsp;(MSFT), for instance, is about $100 a share or roughly 33% of the stock’s recent $296.31 price.</p><p><blockquote>例如，微软(MSFT)的牛熊价差约为每股100美元，约为该股近期296.31美元价格的33%。</blockquote></p><p> The Tesla controversy boils down, in large part, to a debate about what Tesla is. Bears believe it is a car company and that competition will erode its margins and slow its growth. Bulls believe Tesla is a platform tech company with many businesses—such as stationary power—along with its core car operations and that Tesla’s lead over automotive peers in things such as autonomous driving and battery management software will enable high growth for a decade while maintaining leading EV market share.</p><p><blockquote>特斯拉的争议在很大程度上可以归结为一场关于特斯拉是什么的辩论。看空者认为它是一家汽车公司，竞争将侵蚀其利润并减缓其增长。看多者认为，特斯拉是一家平台科技公司，拥有许多业务（例如固定电源）及其核心汽车业务，并且特斯拉在自动驾驶和电池管理软件等方面相对于汽车同行的领先地位将实现十年的高增长，同时保持领先的电动汽车市场份额。</blockquote></p><p> Johnson, for his part, is a traditional auto analyst covering more than 20 companies. He appears to fall in the former camp. He rates&nbsp;General Motors&nbsp;(GM) and&nbsp;Ford Motor&nbsp;(F) stock Buy. Those two stocks trade for single-digit price-to-earnings ratios. Tesla trades for roughly 100 times estimated 2022 earnings.</p><p><blockquote>约翰逊是一名传统的汽车分析师，负责20多家公司的业务。他似乎属于前一个阵营。他将通用汽车(GM)和福特汽车(F)股票评级为买入。这两只股票的市盈率为个位数。特斯拉的市盈率约为2022年预期市盈率的100倍。</blockquote></p><p> He raised his price target because, despite believing the company is overvalued, things are looking good going into the third-quarter earnings release due October 20.</p><p><blockquote>他提高了目标价，因为尽管他认为该公司被高估，但在10月20日发布的第三季度财报中，情况看起来不错。</blockquote></p><p> For the third quarter, Wall Street is looking for about $1.50 in per-share earnings from $13.5 billion in sales. The company earned $1.45 in adjusted per-share earnings from $12 billion in sales during the second quarter.</p><p><blockquote>华尔街预计第三季度销售额为135亿美元，每股收益约为1.5美元。该公司第二季度销售额为120亿美元，调整后每股收益为1.45美元。</blockquote></p><p> Tesla stock has been on a strong run, reflecting the good setup into earnings. Shares are up about 21% over the past three months. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;are both down slightly over the same span.</p><p><blockquote>特斯拉股价一直表现强劲，反映出盈利状况良好。过去三个月股价上涨了约21%。标准普尔500指数和道琼斯工业平均指数同期均小幅下跌。</blockquote></p><p> Its stock rose 0.4% to $821.75 in premarket trading.</p><p><blockquote>其股价在盘前交易中上涨0.4%至821.75美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-price-51634217724?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-price-51634217724?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128641889","content_text":"Tesla is the world’s most valuable car stock. Even the bears admit it.\nThursday, Barclays analyst Brian Johnson raised his price target for Tesla (ticker: TSLA) stock to $300 from $230. He still rates shares the equivalent of Sell, though. And Tesla stock closed Thursday at $818.32—nowhere near $300. Still, his price target was bumped to an important level in one respect.\nAt $300, Johnson is saying that Tesla stock is worth about $300 billion. (Tesla has about 1 billion shares outstanding, making the math easy.) That’s more than Toyota Motor’s (TM) market capitalization of about $287 billion. Another analyst now believes there is no more valuable car company than Tesla.\nTesla remains a very controversial stock on Wall Street. Analyst price targets—even removing the top and bottom targets to reduce skew—range from $150 to $1,080 a share. The $930 bull-bear spread is more than 100% of the current stock price and two to three times wider than the average spread for large stocks.\nThe bull-bear spread for Microsoft (MSFT), for instance, is about $100 a share or roughly 33% of the stock’s recent $296.31 price.\nThe Tesla controversy boils down, in large part, to a debate about what Tesla is. Bears believe it is a car company and that competition will erode its margins and slow its growth. Bulls believe Tesla is a platform tech company with many businesses—such as stationary power—along with its core car operations and that Tesla’s lead over automotive peers in things such as autonomous driving and battery management software will enable high growth for a decade while maintaining leading EV market share.\nJohnson, for his part, is a traditional auto analyst covering more than 20 companies. He appears to fall in the former camp. He rates General Motors (GM) and Ford Motor (F) stock Buy. Those two stocks trade for single-digit price-to-earnings ratios. Tesla trades for roughly 100 times estimated 2022 earnings.\nHe raised his price target because, despite believing the company is overvalued, things are looking good going into the third-quarter earnings release due October 20.\nFor the third quarter, Wall Street is looking for about $1.50 in per-share earnings from $13.5 billion in sales. The company earned $1.45 in adjusted per-share earnings from $12 billion in sales during the second quarter.\nTesla stock has been on a strong run, reflecting the good setup into earnings. Shares are up about 21% over the past three months. The S&P 500 and Dow Jones Industrial Average are both down slightly over the same span.\nIts stock rose 0.4% to $821.75 in premarket trading.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826262691,"gmtCreate":1634026708035,"gmtModify":1634026708130,"author":{"id":"4089878444731060","authorId":"4089878444731060","name":"Adrian88","avatar":"https://static.tigerbbs.com/e6c821844139b158ef20aa398c55abd1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089878444731060","idStr":"4089878444731060"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826262691","repostId":"2174854361","repostType":4,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}