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Lostinroom

Lostinroom

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2021-12-16

Finally green

抱歉，原内容已删除

2021-11-28

Most likely travel get restricted again since new variations found in Africa.

抱歉，原内容已删除

2021-12-07

Fake bullish?

Hot Chinese ADRs continued to rise in premarket trading<blockquote>热门中国ADR在盘前交易中继续上涨</blockquote>

2021-11-24

Good luck

抱歉，原内容已删除

2021-11-29

I see light at the end of tunnel. However, thetunnel never end

Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>

2021-12-14

To the moon

2 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</blockquote>

2021-12-14

Well i must wait longer until it start up again

PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</blockquote>

2021-12-13

To the moon

Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>

2021-11-30

The competition is too tight

Electric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</blockquote>

2021-12-06

Buy more

Grab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</blockquote>

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moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607650946","repostId":"1159300602","repostType":2,"repost":{"id":"1159300602","kind":"news","pubTimestamp":1639529768,"share":"https://www.laohu8.com/m/news/1159300602?lang=zh_CN&edition=full","pubTime":"2021-12-15 08:56","market":"us","language":"en","title":"GRAB Stock: What to Know About the Acquisition Putting Grab in the Spotlight<blockquote>Grab股票：关于让Grab成为焦点的收购需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159300602","media":"investor place","summary":"Grab (NASDAQ:GRAB) made its debut on the Nasdaq on Dec. 2 after merging with Altimeter Growth Corp.,","content":"<p><div> Grab (NASDAQ:GRAB) made its debut on the Nasdaq on Dec. 2 after merging with Altimeter Growth Corp., a special purpose acquisition company (SPAC) managed by hedge fund Altimeter Capital. However, the ...</p><p><blockquote><div>Grab（纳斯达克：GRAB）与对冲基金Altimeter Capital管理的特殊目的收购公司（SPAC）Altimeter Growth Corp.合并后，于12月2日在纳斯达克首次亮相。然而，...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GRAB Stock: What to Know About the Acquisition Putting Grab in the Spotlight<blockquote>Grab股票：关于让Grab成为焦点的收购需要了解什么</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\">\nGRAB Stock: What to Know About the Acquisition Putting Grab in the Spotlight<blockquote>Grab股票：关于让Grab成为焦点的收购需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investor place</strong><span class=\"h-time small\">2021-12-15 08:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Grab (NASDAQ:GRAB) made its debut on the Nasdaq on Dec. 2 after merging with Altimeter Growth Corp., a special purpose acquisition company (SPAC) managed by hedge fund Altimeter Capital. However, the ...</p><p><blockquote><div>Grab（纳斯达克：GRAB）与对冲基金Altimeter Capital管理的特殊目的收购公司（SPAC）Altimeter Growth Corp.合并后，于12月2日在纳斯达克首次亮相。然而，...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/\">investor place</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":{"GRAB":"Grab Holdings"},"source_url":"https://investorplace.com/2021/12/grab-stock-what-to-know-about-the-acquisition-putting-grab-in-the-spotlight-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159300602","content_text":"Grab (NASDAQ:GRAB) made its debut on the Nasdaq on Dec. 2 after merging with Altimeter Growth Corp., a special purpose acquisition company (SPAC) managed by hedge fund Altimeter Capital. However, the ride-hailing and delivery company has experienced a rocky start, as shares of GRAB stock have declined more than 25% since. Shares are rocketing even lower today after Grab announced a major acquisition. The transaction is the largest acquisition for Grab since it acquired Ovo, an Indonesian wallet provider, earlier this year.\nSo, what is the big acquisition news?\nToday, Grab announced that it would be buying Jaya Grocer, one of the top premium supermarket chains based in Malaysia. Financial terms of the acquisition were not immediately disclosed, although a source close to the matter said the acquisition price would be between RM 1.5 billion and RM 1.8 billion. As part of the agreement, Grab will buy 100% of all Jaya Grocer ordinary shares and 75% of its preference shares. Additionally, Grab will have the option to buy the remaining preference shares after the transaction closes. Preference shareholders have priority over common stock holders when it comes to dividends, although they do not generally have voting rights.\nFurthermore, due to regulatory reasons, Grab plans to partner with a local investor, who will own 50% of the voting shares in Jaya Grocer. However, the local investor has not been disclosed yet. Grab announced that the acquisition will likely close during the first quarter of 2022.\nThe grocery chain reported RM 1.34 billion in sales for the financial year ended June 2020. Gross profit tallied in at RM 68.65 million.\nJaya Grocer has been on sale for over a year, previously rejecting offers from The Carlyle Group and CVC Capital Partners. The grocer is reportedly seeking at least RM 1.1 billion.\nFurthermore, less than a month ago, the Teng family, who founded Jaya Grocer, announced that they were buying back a 45% stake in Jaya Grocer from private equity firm AIGF Advisors for RM 411 million. AIGF Advisors first purchased its stake of Jaya Grocer in 2016 for RM 300 million. The Teng family stands to make a profit after Grab’s recent acquisition.\nShares of Grab are trading down more than 10% on the day. As a general reminder, when an acquisition occurs, the acquirer’s stock price usually goes down. However, the company getting acquired usually sees an increase in price. This is because the acquirer is using assets to satisfy the transaction, which negatively impacts the balance sheet in the short term.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607016207,"gmtCreate":1639456758354,"gmtModify":1639456758459,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607016207","repostId":"1174933722","repostType":4,"repost":{"id":"1174933722","kind":"news","pubTimestamp":1639452484,"share":"https://www.laohu8.com/m/news/1174933722?lang=zh_CN&edition=full","pubTime":"2021-12-14 11:28","market":"us","language":"en","title":"2 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174933722","media":"Motley Fool","summary":"The metaverse could be the most transformative technology of your lifetime.","content":"<p>The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.</p><p><blockquote>元宇宙是一个模糊的概念，一项尚未完全定义的技术。但核心概念很简单：元宇宙将是一个共享的虚拟世界，融合了社交媒体、视频游戏和互联网的各个方面。它将允许人们参与内容，相互互动，体验几乎任何事情。这项技术的潜在影响是巨大的。</blockquote></p><p> Venture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion&nbsp;market opportunity 10 years down the road. And&nbsp;<b>Nvidia</b>&nbsp;CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion&nbsp;real-world economy.</p><p><blockquote>风险投资家Matthew Ball最近给元宇宙贴上了价格标签，估计10年后这可能是一个价值30万亿美元的市场机会。和<b>英伟达</b>首席执行官黄仁勋更加大胆，预测元宇宙经济最终可能超过80万亿美元的现实世界经济。</blockquote></p><p> Not surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and&nbsp;<b>Adobe Systems</b>&nbsp;looks like a great way to do just that.&nbsp;Here's why.</p><p><blockquote>毫不奇怪，许多投资者正在寻找利用这一趋势的方法，并购买了一些英伟达和<b>Adobe系统</b>看起来是个很好的方法。原因如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd705043d0678fb6d8bad5d9d7b0fbef\" tg-width=\"2000\" tg-height=\"1333\" 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. Nvidia</b></p><p><blockquote><b>1.英伟达</b></blockquote></p><p> Nvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry&nbsp;dominated by Nvidia.</p><p><blockquote>英伟达因发明图形处理单元（GPU）而闻名，这是一种能够快速处理大量数据的芯片。在过去的二十年里，GPU彻底改变了计算机图形学，Nvidia已将其技术确立为视频游戏行业的黄金标准。然而，这些芯片也成为了数据中心加速计算的基石，这是英伟达主导的另一个行业。</blockquote></p><p> Not surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64%&nbsp;to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as&nbsp;free cash flow&nbsp;rocketed 69% to $7.2 billion.</p><p><blockquote>毫不奇怪，这家芯片制造商已经养成了公布令人印象深刻的财务业绩的习惯。在英伟达游戏、数据中心和图形业务的推动下，过去一年的收入飙升了64%，达到243亿美元。其利润增长更快，自由现金流猛增69%，达到72亿美元。</blockquote></p><p> In the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like&nbsp;<b>Unity</b>'s&nbsp;game engine&nbsp;and Adobe Substance 3D.</p><p><blockquote>未来几年，英伟达在图形和加速计算方面的专业知识应该会使其成为塑造元宇宙的关键参与者。它最近推出的Omniverse套件只会让这种可能性更大。具体来说，Omniverse是一个GPU驱动的3D开发平台，允许创作者跨各种3D设计软件进行实时协作。其中包括以下产品<b>团结</b>的游戏引擎和Adobe Substance 3D。</blockquote></p><p> More recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.</p><p><blockquote>最近，Nvidia发布了Omniverse Avatar，这是一个创建人工智能驱动的化身（数字机器人）的平台，可以像真人一样思考、理解和互动。这很重要，因为元宇宙可能会充满非玩家角色(NPC)，这个术语通常指的是不受游戏玩家控制的视频游戏角色。这些NPC会让元宇宙感觉更像现实世界，而英伟达的技术看起来非常适合。</blockquote></p><p> <b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p> Adobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop&nbsp;for image editing, Premiere Pro&nbsp;for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.</p><p><blockquote>Adobe将其产品组合分为三个软件云：创意、数字文档和客户体验。Creative Cloud可能是最知名的，它拥有用于图像编辑的Photoshop、用于视频编辑的Premiere Pro和用于电影特效的After Effects等工具，这三种工具都是市场领先的产品。同样，Adobe的许多文档云应用程序也已成为行业标准，例如用于PDF管理的Acrobat。</blockquote></p><p> The other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on&nbsp;artificial intelligence&nbsp;to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company&nbsp;<b>Gartner</b>&nbsp;has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.</p><p><blockquote>Adobe业务的另一部分是Experience Cloud，这是一套用于分析、营销和商业的软件和服务。这些工具依靠人工智能来帮助企业收集数据、定位内容，并通过移动应用程序、网站和其他数字渠道个性化客户旅程。研究公司<b>Gartner</b>已将Adobe视为数字体验行业的领导者，并将其管理客户数据和个性化内容的能力视为关键差异化因素。</blockquote></p><p> Not surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.</p><p><blockquote>毫不奇怪，Adobe的一流产品阵容一直是强大的增长动力。过去一年，收入增长21%至151亿美元，自由现金流飙升34%至66亿美元。此外，该公司处于有利地位，可以保持这一势头，因为其产品组合中的许多产品都与元宇宙相关，尤其是Creative Cloud和Experience Cloud套件。</blockquote></p><p> For instance, Adobe Substance&nbsp;3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential&nbsp;to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.</p><p><blockquote>例如，Adobe Substance 3D是一个用于创建、暂存和纹理化3D内容的平台。Substance 3D对于大多数视频游戏和视觉效果工作流程来说已经是必不可少的，它应该是在元宇宙中创建虚拟内容的宝贵资源。</blockquote></p><p> Likewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.</p><p><blockquote>同样，元宇宙经济可能会反映现实世界的经济，这意味着消费者将能够购物、参加活动和玩游戏。换句话说，提供高质量的体验在虚拟世界中和在现实世界中一样重要。Adobe的分析、营销和商务工具完全符合这一要求。</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 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</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 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</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\">2021-12-14 11:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.</p><p><blockquote>元宇宙是一个模糊的概念，一项尚未完全定义的技术。但核心概念很简单：元宇宙将是一个共享的虚拟世界，融合了社交媒体、视频游戏和互联网的各个方面。它将允许人们参与内容，相互互动，体验几乎任何事情。这项技术的潜在影响是巨大的。</blockquote></p><p> Venture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion&nbsp;market opportunity 10 years down the road. And&nbsp;<b>Nvidia</b>&nbsp;CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion&nbsp;real-world economy.</p><p><blockquote>风险投资家Matthew Ball最近给元宇宙贴上了价格标签，估计10年后这可能是一个价值30万亿美元的市场机会。和<b>英伟达</b>首席执行官黄仁勋更加大胆，预测元宇宙经济最终可能超过80万亿美元的现实世界经济。</blockquote></p><p> Not surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and&nbsp;<b>Adobe Systems</b>&nbsp;looks like a great way to do just that.&nbsp;Here's why.</p><p><blockquote>毫不奇怪，许多投资者正在寻找利用这一趋势的方法，并购买了一些英伟达和<b>Adobe系统</b>看起来是个很好的方法。原因如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd705043d0678fb6d8bad5d9d7b0fbef\" tg-width=\"2000\" tg-height=\"1333\" 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. Nvidia</b></p><p><blockquote><b>1.英伟达</b></blockquote></p><p> Nvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry&nbsp;dominated by Nvidia.</p><p><blockquote>英伟达因发明图形处理单元（GPU）而闻名，这是一种能够快速处理大量数据的芯片。在过去的二十年里，GPU彻底改变了计算机图形学，Nvidia已将其技术确立为视频游戏行业的黄金标准。然而，这些芯片也成为了数据中心加速计算的基石，这是英伟达主导的另一个行业。</blockquote></p><p> Not surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64%&nbsp;to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as&nbsp;free cash flow&nbsp;rocketed 69% to $7.2 billion.</p><p><blockquote>毫不奇怪，这家芯片制造商已经养成了公布令人印象深刻的财务业绩的习惯。在英伟达游戏、数据中心和图形业务的推动下，过去一年的收入飙升了64%，达到243亿美元。其利润增长更快，自由现金流猛增69%，达到72亿美元。</blockquote></p><p> In the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like&nbsp;<b>Unity</b>'s&nbsp;game engine&nbsp;and Adobe Substance 3D.</p><p><blockquote>未来几年，英伟达在图形和加速计算方面的专业知识应该会使其成为塑造元宇宙的关键参与者。它最近推出的Omniverse套件只会让这种可能性更大。具体来说，Omniverse是一个GPU驱动的3D开发平台，允许创作者跨各种3D设计软件进行实时协作。其中包括以下产品<b>团结</b>的游戏引擎和Adobe Substance 3D。</blockquote></p><p> More recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.</p><p><blockquote>最近，Nvidia发布了Omniverse Avatar，这是一个创建人工智能驱动的化身（数字机器人）的平台，可以像真人一样思考、理解和互动。这很重要，因为元宇宙可能会充满非玩家角色(NPC)，这个术语通常指的是不受游戏玩家控制的视频游戏角色。这些NPC会让元宇宙感觉更像现实世界，而英伟达的技术看起来非常适合。</blockquote></p><p> <b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p> Adobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop&nbsp;for image editing, Premiere Pro&nbsp;for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.</p><p><blockquote>Adobe将其产品组合分为三个软件云：创意、数字文档和客户体验。Creative Cloud可能是最知名的，它拥有用于图像编辑的Photoshop、用于视频编辑的Premiere Pro和用于电影特效的After Effects等工具，这三种工具都是市场领先的产品。同样，Adobe的许多文档云应用程序也已成为行业标准，例如用于PDF管理的Acrobat。</blockquote></p><p> The other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on&nbsp;artificial intelligence&nbsp;to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company&nbsp;<b>Gartner</b>&nbsp;has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.</p><p><blockquote>Adobe业务的另一部分是Experience Cloud，这是一套用于分析、营销和商业的软件和服务。这些工具依靠人工智能来帮助企业收集数据、定位内容，并通过移动应用程序、网站和其他数字渠道个性化客户旅程。研究公司<b>Gartner</b>已将Adobe视为数字体验行业的领导者，并将其管理客户数据和个性化内容的能力视为关键差异化因素。</blockquote></p><p> Not surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.</p><p><blockquote>毫不奇怪，Adobe的一流产品阵容一直是强大的增长动力。过去一年，收入增长21%至151亿美元，自由现金流飙升34%至66亿美元。此外，该公司处于有利地位，可以保持这一势头，因为其产品组合中的许多产品都与元宇宙相关，尤其是Creative Cloud和Experience Cloud套件。</blockquote></p><p> For instance, Adobe Substance&nbsp;3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential&nbsp;to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.</p><p><blockquote>例如，Adobe Substance 3D是一个用于创建、暂存和纹理化3D内容的平台。Substance 3D对于大多数视频游戏和视觉效果工作流程来说已经是必不可少的，它应该是在元宇宙中创建虚拟内容的宝贵资源。</blockquote></p><p> Likewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.</p><p><blockquote>同样，元宇宙经济可能会反映现实世界的经济，这意味着消费者将能够购物、参加活动和玩游戏。换句话说，提供高质量的体验在虚拟世界中和在现实世界中一样重要。Adobe的分析、营销和商务工具完全符合这一要求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/\">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","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174933722","content_text":"The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.\nVenture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion market opportunity 10 years down the road. And Nvidia CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion real-world economy.\nNot surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and Adobe Systems looks like a great way to do just that. Here's why.\nImage source: Getty Images.\n1. Nvidia\nNvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry dominated by Nvidia.\nNot surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64% to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as free cash flow rocketed 69% to $7.2 billion.\nIn the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like Unity's game engine and Adobe Substance 3D.\nMore recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.\n2. Adobe Systems\nAdobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop for image editing, Premiere Pro for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.\nThe other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on artificial intelligence to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company Gartner has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.\nNot surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.\nFor instance, Adobe Substance 3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.\nLikewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.","news_type":1,"symbols_score_info":{"NVDA":0.9,"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607019900,"gmtCreate":1639455990147,"gmtModify":1639455990248,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Well i must wait&nbsp;longer until it start up again","listText":"Well i must wait&nbsp;longer until it start up again","text":"Well i must wait longer until it start up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607019900","repostId":"1120286910","repostType":4,"repost":{"id":"1120286910","kind":"news","pubTimestamp":1639453388,"share":"https://www.laohu8.com/m/news/1120286910?lang=zh_CN&edition=full","pubTime":"2021-12-14 11:43","market":"us","language":"en","title":"PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120286910","media":"Seeking Alpha","summary":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI wa","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌超过-35%，而且该股仍然不便宜。</li><li>我早在2021年2月就警告投资者，PayPal的估值被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股在未来3年内仍有超过-50%的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，因此我分析该股票以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在2021年2月6日，我就制作了一段视频，与投资者分享了为什么PayPal(PYPL)股票被高估到足以出售。我在我的Seeking Alpha bloghere上分享了该视频。自那时以来，PayPal的绝对表现和相对于标普500（SPDR标普500指数ETF）的表现都很差。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我向投资者发出警告以来，该股股价已下跌约-30%，较今年的高点下跌约-38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有问题的案例。没有什么不好的故事可讲。这个价格被高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙事。当时的数字没有意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这应该是中长线投资者的重要一课。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难的是投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑天生就是这样。自从我分享了我看跌的2月份PayPal视频以来，Seeking Alpha上报道PayPal的62篇文章中，没有一篇“看跌”文章。主要原因是PayPal的叙述如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不现实。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我目前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际的情况下购买的价格。这与我在2021年2月用来确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和商业回报。然后，我将这些预期回报以10年复合年增长率预期的形式组合在一起，并用它来评估股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益1）没有足够长的历史2）本质上不稳定，或者3）周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明显的长期增长模式，它使该股票作为长期投资非常有吸引力。自2015年以来，没有出现过任何盈利负增长的年份，因此该股票可能非常适合我将要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长、更持久的经济衰退期间，PayPal的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察eBay(EBAY)在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现过负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，尽管我们没有PayPal“正常”衰退的硬历史数据，但我仍将继续进行全周期盈利分析。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回归预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估计未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率倍数恢复到上一个经济周期的平均值，我们从现在起10年后可以预期的回报。由于我们最近经历了一次衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并通过2021年的估计运行它。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>PayPal从2015年至今的平均市盈率为34.11（快速图上用金色圈出的蓝色条）。使用2021年4.60美元的预期盈利预测（也用金色圈出），PayPal目前的市盈率为40.73。如果40.73市盈率在未来10年恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的股价将会下跌，10年复合年增长率将为<b>-1.75%</b>如果情绪回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报率。如果恢复所需的时间更短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪恢复到均值会发生什么。这完全由市场情绪决定，并且通常与实际业务的表现脱节，或者只是松散地联系在一起。在本节中，我们将检查企业的实际收益。这里的目标很简单：我们想知道如果我们以今天的价格收购企业并将所有收益留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是收益的预期增长率。让我们从收益率（这是一个倒置的市盈率，因此，市盈率）开始。目前的收益率约为+2.46%。我喜欢思考这个问题的方式是，如果我现在以100美元购买公司的整个业务，如果未来10年收益保持不变，我每年的投资将获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估计公司在这段时间内的盈利增长。我通过计算上一个周期的收益增长率并将该增长率应用于未来10年来做到这一点。这涉及计算自2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时期发生的任何股票回购（因为减持股票会因股票减少而增加每股收益）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的规模，回购看起来比实际要大得多，这里没有太多调整。此外，由于PayPal的盈利每年都在增长，因此无需调整盈利增长下降。这使得估计PayPal的盈利增长变得相对简单，我估计PayPal的盈利增长约为+23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，当我问自己“出于估值目的，未来10年的合理预期是什么？”对于企业来说，在整整十年的时间里，收入每年增长超过20%是非常非常困难的（特别是如果他们在过去十年里已经这样做了）。因此，在用于估值目的时，我将所有长期预期盈利增长预测限制在20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高价格的方法。因此，对于这次估值工作，我将盈利增长假设限制在20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将将该增长率应用于当前收益，展望10年，以获得最终的10年复合年增长率估计。我的想法是，如果我以100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长，并且在那之后的10年里，这个数额将以每年+20.00%的速度增长。我想知道我的100美元投资在10年后总共会有多少钱，我计算出大约是176.50美元（包括最初的100美元）。当我将这种增长插入CAGR计算器时，就会转化为<b>+5.85%</b>预期业务盈利回报的10年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要地方：市场情绪回报或业务收益回报。如果我们假设PayPal未来10年的市场情绪恢复到上一个周期的平均值，则复合年增长率将为-1.75%。如果盈利收益率和增长与上一个周期相似，该公司的10年复合年增长率应该在+5.85%左右。如果我们将两者放在一起，我们会得到预期的10年全周期复合年增长率为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对此类股票的买入/卖出/持有范围是：复合年增长率高于12%为买入，预期复合年增长率低于4%为卖出，4%至12%之间为持有。这使得PayPal股票在今天的价格水平上勉强属于“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意在基于收益的安全边际下购买该股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看PayPal的估值，让我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用本文中使用的相同假设和输入从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股126.50美元至164.00美元。我目前的买入价格（包括安全边际）是112.10美元。低于该价格买入的投资者在中期内很有可能获得丰厚的回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和2022年，我将开始提前预测PayPal 2022年的盈利。目前，分析师预计2022年每股收益为5.25美元。如果PayPal的其他指标保持不变，这将大大提高其估值，并将其公允价值范围提高至每股145.00美元至187.50美元，安全买入价格为每股128.00美元。当然，这是假设分析师维持对2022年的预期不变，并且在未来几个月内不会降低预期。这也意味着，根据未来的收益，如果PayPal在一两个月内保持接近当前价格的交易，它已经处于“公允价值”价格范围的上限。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一分析类型。对于某些利润快速增长的罕见企业，我最近开发了一种新的分析方法，以帮助识别仅根据收益可能永远不会变得足够便宜的快速增长企业。这种分析的方法是我的私人服务机构周期性投资者俱乐部独有的，但由于PayPal的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享这种分析产生的“购买价格”，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析来检查PayPal时，它得出的买入价格为144.90美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我的基于收益的方法，使用明年的收益，使其非常接近公允价值的中间值。这是假设PayPal的指标从现在到那时不会恶化，而且PayPal也必须满足一些技术要求，但我认为到2022年2月，我很有可能成为PayPal股票的买家，大约在我警告投资者其高估值一年后。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的衰落是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的PayPal股价下跌是完全可以预见的，还有许多其他估值丰厚的科技股也将经历类似的下跌，其中大多数可能在2022年。对于跑赢大盘此类股票的投资者来说，现在可能是考虑多元化的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票停滞不前几年，毫无进展，也有极少数股票设法继续上涨，但绝大多数股票将经历像PayPal那样的下跌。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</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\">\nPayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-14 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌超过-35%，而且该股仍然不便宜。</li><li>我早在2021年2月就警告投资者，PayPal的估值被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股在未来3年内仍有超过-50%的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，因此我分析该股票以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在2021年2月6日，我就制作了一段视频，与投资者分享了为什么PayPal(PYPL)股票被高估到足以出售。我在我的Seeking Alpha bloghere上分享了该视频。自那时以来，PayPal的绝对表现和相对于标普500（SPDR标普500指数ETF）的表现都很差。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我向投资者发出警告以来，该股股价已下跌约-30%，较今年的高点下跌约-38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有问题的案例。没有什么不好的故事可讲。这个价格被高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙事。当时的数字没有意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这应该是中长线投资者的重要一课。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难的是投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑天生就是这样。自从我分享了我看跌的2月份PayPal视频以来，Seeking Alpha上报道PayPal的62篇文章中，没有一篇“看跌”文章。主要原因是PayPal的叙述如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不现实。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我目前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际的情况下购买的价格。这与我在2021年2月用来确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和商业回报。然后，我将这些预期回报以10年复合年增长率预期的形式组合在一起，并用它来评估股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益1）没有足够长的历史2）本质上不稳定，或者3）周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明显的长期增长模式，它使该股票作为长期投资非常有吸引力。自2015年以来，没有出现过任何盈利负增长的年份，因此该股票可能非常适合我将要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长、更持久的经济衰退期间，PayPal的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察eBay(EBAY)在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现过负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，尽管我们没有PayPal“正常”衰退的硬历史数据，但我仍将继续进行全周期盈利分析。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回归预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估计未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率倍数恢复到上一个经济周期的平均值，我们从现在起10年后可以预期的回报。由于我们最近经历了一次衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并通过2021年的估计运行它。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>PayPal从2015年至今的平均市盈率为34.11（快速图上用金色圈出的蓝色条）。使用2021年4.60美元的预期盈利预测（也用金色圈出），PayPal目前的市盈率为40.73。如果40.73市盈率在未来10年恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的股价将会下跌，10年复合年增长率将为<b>-1.75%</b>如果情绪回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报率。如果恢复所需的时间更短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪恢复到均值会发生什么。这完全由市场情绪决定，并且通常与实际业务的表现脱节，或者只是松散地联系在一起。在本节中，我们将检查企业的实际收益。这里的目标很简单：我们想知道如果我们以今天的价格收购企业并将所有收益留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是收益的预期增长率。让我们从收益率（这是一个倒置的市盈率，因此，市盈率）开始。目前的收益率约为+2.46%。我喜欢思考这个问题的方式是，如果我现在以100美元购买公司的整个业务，如果未来10年收益保持不变，我每年的投资将获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估计公司在这段时间内的盈利增长。我通过计算上一个周期的收益增长率并将该增长率应用于未来10年来做到这一点。这涉及计算自2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时期发生的任何股票回购（因为减持股票会因股票减少而增加每股收益）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的规模，回购看起来比实际要大得多，这里没有太多调整。此外，由于PayPal的盈利每年都在增长，因此无需调整盈利增长下降。这使得估计PayPal的盈利增长变得相对简单，我估计PayPal的盈利增长约为+23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，当我问自己“出于估值目的，未来10年的合理预期是什么？”对于企业来说，在整整十年的时间里，收入每年增长超过20%是非常非常困难的（特别是如果他们在过去十年里已经这样做了）。因此，在用于估值目的时，我将所有长期预期盈利增长预测限制在20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高价格的方法。因此，对于这次估值工作，我将盈利增长假设限制在20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将将该增长率应用于当前收益，展望10年，以获得最终的10年复合年增长率估计。我的想法是，如果我以100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长，并且在那之后的10年里，这个数额将以每年+20.00%的速度增长。我想知道我的100美元投资在10年后总共会有多少钱，我计算出大约是176.50美元（包括最初的100美元）。当我将这种增长插入CAGR计算器时，就会转化为<b>+5.85%</b>预期业务盈利回报的10年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要地方：市场情绪回报或业务收益回报。如果我们假设PayPal未来10年的市场情绪恢复到上一个周期的平均值，则复合年增长率将为-1.75%。如果盈利收益率和增长与上一个周期相似，该公司的10年复合年增长率应该在+5.85%左右。如果我们将两者放在一起，我们会得到预期的10年全周期复合年增长率为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对此类股票的买入/卖出/持有范围是：复合年增长率高于12%为买入，预期复合年增长率低于4%为卖出，4%至12%之间为持有。这使得PayPal股票在今天的价格水平上勉强属于“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意在基于收益的安全边际下购买该股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看PayPal的估值，让我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用本文中使用的相同假设和输入从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股126.50美元至164.00美元。我目前的买入价格（包括安全边际）是112.10美元。低于该价格买入的投资者在中期内很有可能获得丰厚的回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和2022年，我将开始提前预测PayPal 2022年的盈利。目前，分析师预计2022年每股收益为5.25美元。如果PayPal的其他指标保持不变，这将大大提高其估值，并将其公允价值范围提高至每股145.00美元至187.50美元，安全买入价格为每股128.00美元。当然，这是假设分析师维持对2022年的预期不变，并且在未来几个月内不会降低预期。这也意味着，根据未来的收益，如果PayPal在一两个月内保持接近当前价格的交易，它已经处于“公允价值”价格范围的上限。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一分析类型。对于某些利润快速增长的罕见企业，我最近开发了一种新的分析方法，以帮助识别仅根据收益可能永远不会变得足够便宜的快速增长企业。这种分析的方法是我的私人服务机构周期性投资者俱乐部独有的，但由于PayPal的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享这种分析产生的“购买价格”，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析来检查PayPal时，它得出的买入价格为144.90美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我的基于收益的方法，使用明年的收益，使其非常接近公允价值的中间值。这是假设PayPal的指标从现在到那时不会恶化，而且PayPal也必须满足一些技术要求，但我认为到2022年2月，我很有可能成为PayPal股票的买家，大约在我警告投资者其高估值一年后。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的衰落是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的PayPal股价下跌是完全可以预见的，还有许多其他估值丰厚的科技股也将经历类似的下跌，其中大多数可能在2022年。对于跑赢大盘此类股票的投资者来说，现在可能是考虑多元化的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票停滞不前几年，毫无进展，也有极少数股票设法继续上涨，但绝大多数股票将经历像PayPal那样的下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks\">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":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120286910","content_text":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.\nThat warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.\nPayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.\n\nBsWei/iStock via Getty Images\nIntroduction\nBack on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&P 500 (SPY).\nData by YCharts\nThe stock price is down about -30% since I warned investors and down about -38% off its high price of the year.\nThe truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.\nThis should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.\nThe difficultly for a stock writer like myself is that investorslovenarratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.\nIn this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.\nFull-Cycle Earnings Analysis\nAs part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.\nBefore I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.\n\nWe can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.\nMarket Sentiment Return Expectations\nIn order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.\n\nPayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of-1.75%. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.\nBusiness Earnings Expectations\nWe previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.\nThere are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.\nThe next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).\nData by YCharts\nDue to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.\nNow, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.\nNext, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a+5.85%10-year CAGR estimate for the expected business earnings returns.\n10-Year, Full-Cycle CAGR Estimate\nPotential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of+4.10%at today's price.\nMy Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.\nAdditional Considerations\nI consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.\nFirst, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.\nOnce we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.\nThe Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.\nWhen I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.\nConclusion\nI think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604384515,"gmtCreate":1639351045735,"gmtModify":1639351045863,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604384515","repostId":"1118643418","repostType":4,"repost":{"id":"1118643418","kind":"news","pubTimestamp":1639350312,"share":"https://www.laohu8.com/m/news/1118643418?lang=zh_CN&edition=full","pubTime":"2021-12-13 07:05","market":"us","language":"en","title":"Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118643418","media":"Barrons","summary":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a","content":"<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</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>Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5\">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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118643418","content_text":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.\nIt’s an astonishing performance. Keep in mind that there’s only one other company— Microsoft —with a market cap above $2 trillion, and just three others— Alphabet,Amazon.com,and Tesla —above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.\nSo what’s going on here?\nI’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.\nFor starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.\nAnalysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.\nMeanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.\nPerhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.\nFor instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.\n“Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.\nApple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.\nThe potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.\nBernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.\nIn case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.\nMark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602461445,"gmtCreate":1639058647209,"gmtModify":1639060102076,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"title":"WhatsApp Implements Crypto Transactions","htmlText":"<a href=\"https://laohu8.com/S/FB\">$Meta Platforms, Inc.(FB)$</a>One of the biggest messaging applications, WhatsApp by Meta, has implemented the cryptocurrency transaction technology directly inside of the app via Novi wallet.","listText":"<a href=\"https://laohu8.com/S/FB\">$Meta Platforms, Inc.(FB)$</a>One of the biggest messaging applications, WhatsApp by Meta, has implemented the cryptocurrency transaction technology directly inside of the app via Novi wallet.","text":"$Meta Platforms, Inc.(FB)$One of the biggest messaging applications, WhatsApp by Meta, has implemented the cryptocurrency transaction technology directly inside of the app via Novi wallet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602461445","isVote":1,"tweetType":1,"viewCount":2625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602436814,"gmtCreate":1639054795849,"gmtModify":1639055065318,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"China Evergrande Group has officially been labeled a defaulter for the first time. Will it be bearish today?","listText":"China Evergrande Group has officially been labeled a defaulter for the first time. Will it be bearish today?","text":"China Evergrande Group has officially been labeled a defaulter for the first time. Will it be bearish today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602436814","isVote":1,"tweetType":1,"viewCount":3350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606634207,"gmtCreate":1638869301942,"gmtModify":1638869302071,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Fake bullish?","listText":"Fake bullish?","text":"Fake bullish?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606634207","repostId":"1151884429","repostType":2,"repost":{"id":"1151884429","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":1638868922,"share":"https://www.laohu8.com/m/news/1151884429?lang=zh_CN&edition=full","pubTime":"2021-12-07 17:22","market":"us","language":"en","title":"Hot Chinese ADRs continued to rise in premarket trading<blockquote>热门中国ADR在盘前交易中继续上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151884429","media":"Tiger Newspress","summary":"Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,X","content":"<p><html><head></head><body>Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.</p><p><blockquote><html><head></head><body>热门的中国ADR在盘前交易中继续上涨。阿里巴巴、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴出行、哔哩哔哩和贝壳控股上涨2%至5%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/b340dc1d1b4788055f15180e47c23cfb\" tg-width=\"404\" tg-height=\"664\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></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>Hot Chinese ADRs continued to rise in premarket trading<blockquote>热门中国ADR在盘前交易中继续上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nHot Chinese ADRs continued to rise in premarket trading<blockquote>热门中国ADR在盘前交易中继续上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 17:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.</p><p><blockquote><html><head></head><body>热门的中国ADR在盘前交易中继续上涨。阿里巴巴、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴出行、哔哩哔哩和贝壳控股上涨2%至5%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/b340dc1d1b4788055f15180e47c23cfb\" tg-width=\"404\" tg-height=\"664\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></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":{"NIO":"蔚来","XPEV":"小鹏汽车","BIDU":"百度","JD":"京东","BABA":"阿里巴巴","BEKE":"贝壳","BILI":"哔哩哔哩","DIDI":"滴滴(已退市)","PDD":"拼多多","LI":"理想汽车","NTES":"网易"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151884429","content_text":"Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.","news_type":1,"symbols_score_info":{"BABA":0.9,"JD":0.9,"LI":0.9,"NTES":0.9,"NIO":0.9,"BILI":0.9,"DIDI":0.9,"XPEV":0.9,"BEKE":0.9,"PDD":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":4318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608770228,"gmtCreate":1638796414693,"gmtModify":1638796483794,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Buy more","listText":"Buy more","text":"Buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608770228","repostId":"1191828969","repostType":4,"repost":{"id":"1191828969","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":1638792831,"share":"https://www.laohu8.com/m/news/1191828969?lang=zh_CN&edition=full","pubTime":"2021-12-06 20:13","market":"us","language":"en","title":"Grab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191828969","media":"Tiger Newspress","summary":"Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.","content":"<p>Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.</p><p><blockquote>Grab股价在盘前交易中下跌超过4%。这家新加坡网约车公司上周开始出售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8de30b544b65a645e7a91a37bfb8d8f8\" tg-width=\"851\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</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\">\nGrab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-06 20:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.</p><p><blockquote>Grab股价在盘前交易中下跌超过4%。这家新加坡网约车公司上周开始出售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8de30b544b65a645e7a91a37bfb8d8f8\" tg-width=\"851\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191828969","content_text":"Grab shares slid more than 4% in premarket trading.The Singapore ride-hailing firm went on sale last week.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601201083,"gmtCreate":1638529585771,"gmtModify":1638529585836,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"I wish dream come true","listText":"I wish dream come true","text":"I wish dream come true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601201083","repostId":"1110450425","repostType":2,"repost":{"id":"1110450425","kind":"news","pubTimestamp":1638515794,"share":"https://www.laohu8.com/m/news/1110450425?lang=zh_CN&edition=full","pubTime":"2021-12-03 15:16","market":"us","language":"en","title":"3 Surefire Growth Stocks to Buy in December<blockquote>12月值得买入的3只万无一失的成长型股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110450425","media":"Motley Fool","summary":"Patience will pay off handsomely if investors buy into this innovative trio.","content":"<p>Since the end of the Great Recession more than 12 years ago,growth stocks&nbsp;have been dominant. Historically low lending rates and a persistently dovish U.S. central bank have given fast-paced companies access to cheap capital that they've used to hire, acquire, and innovate.</p><p><blockquote>自12年前大衰退结束以来，成长型股票一直占据主导地位。历史上较低的贷款利率和持续鸽派的美联储让快节奏的公司能够获得廉价资本，用于招聘、收购和创新。</blockquote></p><p> The thing is, even with growth stocks responsible for pushing the stock market to new heights, great deals can still be found. For long-term investors, the following three surefire growth stocks are all bargains that can be confidently bought in December.</p><p><blockquote>问题是，即使成长型股票将股市推向新的高度，仍然可以找到很好的交易。对于长期投资者来说，以下三只万无一失的成长股都是12月可以放心买入的便宜货。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f15900ffc21bc761d72f7b1e71e83010\" tg-width=\"2000\" tg-height=\"1399\" 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>Square</b></p><p><blockquote><b>平方</b></blockquote></p><p> The first surefire growth stock patient investors can load up on in December following a 25% pullback since August is fintech-giant&nbsp;<b>Square</b>.</p><p><blockquote>自8月以来回调25%后，耐心的投资者在12月可以买入的第一只万无一失的成长型股票是金融科技巨头<b>平方</b>.</blockquote></p><p> For the past couple of months, Square has come under pressure for a variety of reasons. There's worry about the role cryptocurrencies might play in the payments space, and more recently, there's concern about higher-inflation rates adversely impacting consumer spending. Growth stocks with hefty premiums tend to get hit hardest when inflation picks up.</p><p><blockquote>在过去的几个月里，Square因各种原因面临压力。人们担心加密货币可能在支付领域发挥的作用，最近，人们担心更高的通胀率会对消费者支出产生不利影响。当通胀回升时，溢价较高的成长型股票往往会受到最严重的打击。</blockquote></p><p> While these might be tangible concerns for some&nbsp;fintech stocks, Square has demonstrated it's in a class of its own -- which is why it carries such a lofty valuation premium.</p><p><blockquote>虽然这些可能是一些金融科技股票的切实担忧，但Square已经证明它是独一无二的——这就是为什么它具有如此高的估值溢价。</blockquote></p><p> For more than a decade, the company has relied on its seller ecosystem as its&nbsp;bread-and-butter growth source. This segment is what provides point-of-sale solutions, loans, and analytics to help businesses succeed. In the seven years leading up to the pandemic, the gross payment volume (GPV) transacted on Square's network grew by an annualized average of 49% from $6.5 billion to $106.2 billion. Based on Square's third-quarter GPV of $41.7 billion, the company has an annual run-rate of almost $167 billion.</p><p><blockquote>十多年来，该公司一直依赖其卖家生态系统作为其主要增长来源。该部门提供销售点解决方案、贷款和分析，以帮助企业取得成功。在疫情爆发前的七年里，Square网络上交易的总支付额(GPV)年均增长49%，从65亿美元增至1,062亿美元。根据Square第三季度417亿美元的GPV计算，该公司的年运营率接近1670亿美元。</blockquote></p><p> What's remarkable about the seller ecosystem is its incorporation of bigger businesses. Once a tool used almost exclusively by small/independent merchants, two-thirds of Square's Q3 GPV originated from sellers with at least $125,000 in annualized GPV. Since the seller ecosystem is predominantly a fee-driven segment, this steady shift will gradually increase gross profits over time.</p><p><blockquote>卖家生态系统的非凡之处在于它整合了更大的企业。Square曾经是一个几乎只被小型/独立商家使用的工具，但其第三季度GPV的三分之二来自年化GPV至少为12.5万美元的卖家。由于卖家生态系统主要是一个费用驱动的细分市场，这种稳定的转变将随着时间的推移逐渐增加毛利润。</blockquote></p><p> But the long-term growth opportunity that should make Square a surefire investment is its digital peer-to-peer payment platform, Cash App. In just a three-year stretch ending Dec. 31, 2020, Cash App's monthly active user (MAU) count&nbsp;more than quintupled&nbsp;from 7 million to 36 million.</p><p><blockquote>但使Square成为万无一失的投资的长期增长机会是其数字点对点支付平台Cash App。在截至2020年12月31日的短短三年内，Cash App的月活跃用户(MAU)数量增加了五倍多，从700万增加到3600万。</blockquote></p><p> What makes Cash App so intriguing is its margins. In the June-ended quarter, Square noted in its shareholder letter that it was generating $55 in gross profit per monthly transacting active customer, yet was spending around $5 to acquire each Cash App MAU. There's little question that Cash App will blow past the seller ecosystem in terms of profit potential over the long run.</p><p><blockquote>Cash App之所以如此吸引人，是因为它的利润率。在截至6月的季度中，Square在股东信中指出，它每月交易活跃客户的毛利润为55美元，但收购每个Cash App MAU的成本约为5美元。毫无疑问，从长远来看，Cash App的利润潜力将超越卖家生态系统。</blockquote></p><p> The&nbsp;icing on the cake for Square&nbsp;is its pending $29 billion acquisition of \"buy now, pay later\" company&nbsp;<b>Afterpay</b>. Purchasing Afterpay will create a closed-loop payment system that connects the seller ecosystem with Cash App. This pricey deal is ultimately geared at growing its ecosystem and bolstering long-term margins.</p><p><blockquote>Square的锦上添花是其即将以290亿美元收购“先买后付”公司<b>Afterpay</b>.Purchasing Afterpay将创建一个闭环支付系统，将卖家生态系统与Cash App连接起来。这笔昂贵的交易最终是为了发展其生态系统并提高长期利润。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2644af4464af927edb622f1f17d1727d\" tg-width=\"2000\" tg-height=\"1333\" 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>Novavax</b></p><p><blockquote><b>Novavax</b></blockquote></p><p> Another surefire growth stock investors can confidently pile into in December is drug-developer&nbsp;<b>Novavax</b>.</p><p><blockquote>投资者可以在12月份自信地买入的另一只万无一失的成长型股票是药物开发商<b>Novavax</b>.</blockquote></p><p> Novavax is one of what's seemingly become an army of drugmakers angling to produce a coronavirus disease 2019 (COVID-19) vaccine or treatment. But unlike most of the crowd, the company's lead vaccine (NVX-CoV2373) appears to be in the upper echelon of effectiveness.</p><p><blockquote>Novavax似乎是致力于生产冠状病毒疾病2019（COVID-19）疫苗或治疗方法的制药商大军之一。但与大多数人群不同的是，该公司的领先疫苗（NVX-CoV2373）似乎处于有效性的上层。</blockquote></p><p> In March and June, Novavax released the results of two large-scale studies involving its COVID-19 vaccine. In the U.K. trial, NVX-CoV2373 produced an 89.7% vaccine efficacy (VE), which included the original strain of the SARS-CoV-2 virus that causes COVID-19, as well as the U.K. variant. There was also the U.S./Mexico phase 3 trial, which produced a 90.4% VE. With the exception of&nbsp;<b>Moderna</b>&nbsp;and&nbsp;<b>Pfizer</b>/<b>BioNTech</b>, whose initial large-scale U.S. trials yielded respective VEs of 94.1% and 95%, Novavax looks as if it'll slide in as the clear No. 3 option in the COVID-19 vaccine space.</p><p><blockquote>3月和6月，Novavax发布了两项涉及其新冠疫苗的大规模研究结果。在英国试验中，NVX-CoV2373产生了89.7%的疫苗效力(VE)，其中包括导致COVID-19的新型冠状病毒病毒原始毒株以及英国变种。还有美国/墨西哥的3期试验，产生了90.4%的VE。除了<b>现代</b>和<b>辉瑞</b>/<b>BioNTech</b>Novavax在美国的初步大规模试验分别产生了94.1%和95%的VE，看起来它似乎将成为COVID-19疫苗领域的第三大选择。</blockquote></p><p> Despite these positive clinical results, Novavax's share price has more or less gone nowhere since late January. This has to do with emergency-use authorization (EUA) filing delays in key markets, as well as production setbacks. Wall Street and investors have been quick to pounce on any delays in bringing NVX-CoV2373 to market.</p><p><blockquote>尽管取得了这些积极的临床结果，但Novavax的股价自1月底以来或多或少没有任何进展。这与主要市场的紧急使用授权（EUA）申请延迟以及生产挫折有关。华尔街和投资者很快就抓住了NVX-CoV2373上市的任何延误。</blockquote></p><p></p><p> However, Novavax looks like it's&nbsp;working through many of its delays. It was recently granted its first EUAs in Indonesia and the Philippines and has filed for the equivalent of EUA approval with the World Health Organization, Canada, Australia, and the U.K., to name a few key markets.</p><p><blockquote>然而，Novavax看起来正在解决许多延误问题。它最近在印度尼西亚和菲律宾获得了第一个EUA，并向世界卫生组织、加拿大、澳大利亚和英国等主要市场申请了相当于EUA的批准。</blockquote></p><p> It's important for investors to understand that COVID-19 has the look of an endemic illness. The mutability of the virus, coupled with the need to vaccinate billions of additional people worldwide, makes it highly likely that Novavax will&nbsp;generate recurring revenue from this indication, rather than a one-time pop from initial inoculations.</p><p><blockquote>对于投资者来说，重要的是要了解COVID-19看起来像一种地方病。该病毒的可变性，加上需要为全球数十亿额外的人接种疫苗，使得Novavax极有可能从这一适应症中产生经常性收入，而不是从初始接种中一次性获得收入。</blockquote></p><p> The Novavax growth story should also&nbsp;blossom, thanks to innovation. It's one of the leading candidates to develop a combination COVID-19/influenza vaccine and bring it to market faster than its peers.</p><p><blockquote>得益于创新，Novavax的增长故事也应该蓬勃发展。它是开发新冠肺炎/流感联合疫苗并比同行更快地将其推向市场的领先候选者之一。</blockquote></p><p> All of these factors make Novavax a screaming bargain in the&nbsp;biotech space.</p><p><blockquote>所有这些因素使Novavax在生物技术领域成为一个令人尖叫的便宜货。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/daba772eacee266463194db26d926d00\" tg-width=\"2000\" tg-height=\"1333\" 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>Pinterest</b></p><p><blockquote><b>Pinterest</b></blockquote></p><p> A third surefire growth stock to buy in December is social-media platform&nbsp;&nbsp;<b>Pinterest</b>.</p><p><blockquote>12月值得购买的第三只万无一失的成长型股票是社交媒体平台<b>Pinterest</b>.</blockquote></p><p> There's no sugarcoating that&nbsp;Pinterest has been a dud in 2021. Its shares are down almost 40% year to date, with the stock teetering on a 14-month low. This weakness is the result of Pinterest's MAU declining on a sequential basis for each of the past two quarters (from 478 million in Q1 2021 to 444 million in Q3 2021).</p><p><blockquote>毫无疑问，Pinterest在2021年是一个哑弹。今年迄今为止，其股价已下跌近40%，徘徊在14个月低点。这种疲软是Pinterest过去两个季度的月活跃用户数环比下降的结果（从2021年第一季度的4.78亿下降到2021年第三季度的4.44亿）。</blockquote></p><p> To state the obvious, Pinterest was never going to maintain its rate of MAU growth achieved during the pandemic. With COVID-19 vaccination rates picking up in developed markets, it's not a surprise to see people getting out of the house more often. But it's worthwhile noting that, when examined over a three-or-five-year period, Pinterest's MAU growth remains within historic norms.</p><p><blockquote>显而易见的是，Pinterest永远不会保持大流行期间实现的月活跃用户数增长率。随着发达市场新冠肺炎疫苗接种率的上升，人们更频繁地走出家门也就不足为奇了。但值得注意的是，从三五年的时间来看，Pinterest的月活跃用户数增长仍保持在历史正常范围内。</blockquote></p><p> What's far more important for investors to recognize is that, even with more modest near-term MAU growth, we're seeing&nbsp;almost no slowdown in the monetization of Pinterest's user base. In the September-ended quarter, global average revenue per user (ARPU) jumped 37%, while international ARPU skyrocketed 81%. International ARPU remains low enough ($0.38 in Q3) that it can double many times over this decade and fuel sustainable double-digit growth.</p><p><blockquote>对于投资者来说，更重要的是要认识到，即使近期月活跃用户增长较为温和，我们也没有看到Pinterest用户群的货币化几乎没有放缓。截至9月的季度，全球每用户平均收入(ARPU)跃升37%，而国际ARPU飙升81%。国际ARPU仍然足够低（第三季度为0.38美元），在这十年中可以翻一番，并推动可持续的两位数增长。</blockquote></p><p> What's made Pinterest a desirable place for advertisers is its&nbsp;transparent operating model. Whereas other social media platforms gather information with likes and users' search histories, the entire premise of Pinterest is for users to post about the things, places, and services that interest them. With this important data in hand, Pinterest merely needs to connect users with the merchants who can meet their needs. It's a no-brainer that merchants are going to be willing to spend big to reach motivated shoppers.</p><p><blockquote>Pinterest之所以成为广告商向往的地方，是因为其透明的运营模式。其他社交媒体平台通过喜欢和用户的搜索历史来收集信息，而Pinterest的整个前提是让用户发布他们感兴趣的事物、地点和服务。有了这些重要数据，Pinterest只需要将用户与能够满足他们需求的商家联系起来。显而易见，商家愿意花大价钱来吸引有积极性的购物者。</blockquote></p><p> Following its retracement, Pinterest is downright inexpensive. It can be scooped up for 30 times Wall Street's forecast earnings per share for 2022, yet is still growing sales by 25% or more annually. It's the perfect growth stock to add in December and&nbsp;hang onto over the next 5 to 10 years.</p><p><blockquote>回撤后，Pinterest的价格非常便宜。它的股价是华尔街2022年每股收益预测的30倍，但销售额仍以每年25%或更多的速度增长。这是12月份增持并在未来5到10年内持有的完美成长型股票。</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>3 Surefire Growth Stocks to Buy in December<blockquote>12月值得买入的3只万无一失的成长型股票</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\">\n3 Surefire Growth Stocks to Buy in December<blockquote>12月值得买入的3只万无一失的成长型股票</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\">2021-12-03 15:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Since the end of the Great Recession more than 12 years ago,growth stocks&nbsp;have been dominant. Historically low lending rates and a persistently dovish U.S. central bank have given fast-paced companies access to cheap capital that they've used to hire, acquire, and innovate.</p><p><blockquote>自12年前大衰退结束以来，成长型股票一直占据主导地位。历史上较低的贷款利率和持续鸽派的美联储让快节奏的公司能够获得廉价资本，用于招聘、收购和创新。</blockquote></p><p> The thing is, even with growth stocks responsible for pushing the stock market to new heights, great deals can still be found. For long-term investors, the following three surefire growth stocks are all bargains that can be confidently bought in December.</p><p><blockquote>问题是，即使成长型股票将股市推向新的高度，仍然可以找到很好的交易。对于长期投资者来说，以下三只万无一失的成长股都是12月可以放心买入的便宜货。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f15900ffc21bc761d72f7b1e71e83010\" tg-width=\"2000\" tg-height=\"1399\" 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>Square</b></p><p><blockquote><b>平方</b></blockquote></p><p> The first surefire growth stock patient investors can load up on in December following a 25% pullback since August is fintech-giant&nbsp;<b>Square</b>.</p><p><blockquote>自8月以来回调25%后，耐心的投资者在12月可以买入的第一只万无一失的成长型股票是金融科技巨头<b>平方</b>.</blockquote></p><p> For the past couple of months, Square has come under pressure for a variety of reasons. There's worry about the role cryptocurrencies might play in the payments space, and more recently, there's concern about higher-inflation rates adversely impacting consumer spending. Growth stocks with hefty premiums tend to get hit hardest when inflation picks up.</p><p><blockquote>在过去的几个月里，Square因各种原因面临压力。人们担心加密货币可能在支付领域发挥的作用，最近，人们担心更高的通胀率会对消费者支出产生不利影响。当通胀回升时，溢价较高的成长型股票往往会受到最严重的打击。</blockquote></p><p> While these might be tangible concerns for some&nbsp;fintech stocks, Square has demonstrated it's in a class of its own -- which is why it carries such a lofty valuation premium.</p><p><blockquote>虽然这些可能是一些金融科技股票的切实担忧，但Square已经证明它是独一无二的——这就是为什么它具有如此高的估值溢价。</blockquote></p><p> For more than a decade, the company has relied on its seller ecosystem as its&nbsp;bread-and-butter growth source. This segment is what provides point-of-sale solutions, loans, and analytics to help businesses succeed. In the seven years leading up to the pandemic, the gross payment volume (GPV) transacted on Square's network grew by an annualized average of 49% from $6.5 billion to $106.2 billion. Based on Square's third-quarter GPV of $41.7 billion, the company has an annual run-rate of almost $167 billion.</p><p><blockquote>十多年来，该公司一直依赖其卖家生态系统作为其主要增长来源。该部门提供销售点解决方案、贷款和分析，以帮助企业取得成功。在疫情爆发前的七年里，Square网络上交易的总支付额(GPV)年均增长49%，从65亿美元增至1,062亿美元。根据Square第三季度417亿美元的GPV计算，该公司的年运营率接近1670亿美元。</blockquote></p><p> What's remarkable about the seller ecosystem is its incorporation of bigger businesses. Once a tool used almost exclusively by small/independent merchants, two-thirds of Square's Q3 GPV originated from sellers with at least $125,000 in annualized GPV. Since the seller ecosystem is predominantly a fee-driven segment, this steady shift will gradually increase gross profits over time.</p><p><blockquote>卖家生态系统的非凡之处在于它整合了更大的企业。Square曾经是一个几乎只被小型/独立商家使用的工具，但其第三季度GPV的三分之二来自年化GPV至少为12.5万美元的卖家。由于卖家生态系统主要是一个费用驱动的细分市场，这种稳定的转变将随着时间的推移逐渐增加毛利润。</blockquote></p><p> But the long-term growth opportunity that should make Square a surefire investment is its digital peer-to-peer payment platform, Cash App. In just a three-year stretch ending Dec. 31, 2020, Cash App's monthly active user (MAU) count&nbsp;more than quintupled&nbsp;from 7 million to 36 million.</p><p><blockquote>但使Square成为万无一失的投资的长期增长机会是其数字点对点支付平台Cash App。在截至2020年12月31日的短短三年内，Cash App的月活跃用户(MAU)数量增加了五倍多，从700万增加到3600万。</blockquote></p><p> What makes Cash App so intriguing is its margins. In the June-ended quarter, Square noted in its shareholder letter that it was generating $55 in gross profit per monthly transacting active customer, yet was spending around $5 to acquire each Cash App MAU. There's little question that Cash App will blow past the seller ecosystem in terms of profit potential over the long run.</p><p><blockquote>Cash App之所以如此吸引人，是因为它的利润率。在截至6月的季度中，Square在股东信中指出，它每月交易活跃客户的毛利润为55美元，但收购每个Cash App MAU的成本约为5美元。毫无疑问，从长远来看，Cash App的利润潜力将超越卖家生态系统。</blockquote></p><p> The&nbsp;icing on the cake for Square&nbsp;is its pending $29 billion acquisition of \"buy now, pay later\" company&nbsp;<b>Afterpay</b>. Purchasing Afterpay will create a closed-loop payment system that connects the seller ecosystem with Cash App. This pricey deal is ultimately geared at growing its ecosystem and bolstering long-term margins.</p><p><blockquote>Square的锦上添花是其即将以290亿美元收购“先买后付”公司<b>Afterpay</b>.Purchasing Afterpay将创建一个闭环支付系统，将卖家生态系统与Cash App连接起来。这笔昂贵的交易最终是为了发展其生态系统并提高长期利润。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2644af4464af927edb622f1f17d1727d\" tg-width=\"2000\" tg-height=\"1333\" 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>Novavax</b></p><p><blockquote><b>Novavax</b></blockquote></p><p> Another surefire growth stock investors can confidently pile into in December is drug-developer&nbsp;<b>Novavax</b>.</p><p><blockquote>投资者可以在12月份自信地买入的另一只万无一失的成长型股票是药物开发商<b>Novavax</b>.</blockquote></p><p> Novavax is one of what's seemingly become an army of drugmakers angling to produce a coronavirus disease 2019 (COVID-19) vaccine or treatment. But unlike most of the crowd, the company's lead vaccine (NVX-CoV2373) appears to be in the upper echelon of effectiveness.</p><p><blockquote>Novavax似乎是致力于生产冠状病毒疾病2019（COVID-19）疫苗或治疗方法的制药商大军之一。但与大多数人群不同的是，该公司的领先疫苗（NVX-CoV2373）似乎处于有效性的上层。</blockquote></p><p> In March and June, Novavax released the results of two large-scale studies involving its COVID-19 vaccine. In the U.K. trial, NVX-CoV2373 produced an 89.7% vaccine efficacy (VE), which included the original strain of the SARS-CoV-2 virus that causes COVID-19, as well as the U.K. variant. There was also the U.S./Mexico phase 3 trial, which produced a 90.4% VE. With the exception of&nbsp;<b>Moderna</b>&nbsp;and&nbsp;<b>Pfizer</b>/<b>BioNTech</b>, whose initial large-scale U.S. trials yielded respective VEs of 94.1% and 95%, Novavax looks as if it'll slide in as the clear No. 3 option in the COVID-19 vaccine space.</p><p><blockquote>3月和6月，Novavax发布了两项涉及其新冠疫苗的大规模研究结果。在英国试验中，NVX-CoV2373产生了89.7%的疫苗效力(VE)，其中包括导致COVID-19的新型冠状病毒病毒原始毒株以及英国变种。还有美国/墨西哥的3期试验，产生了90.4%的VE。除了<b>现代</b>和<b>辉瑞</b>/<b>BioNTech</b>Novavax在美国的初步大规模试验分别产生了94.1%和95%的VE，看起来它似乎将成为COVID-19疫苗领域的第三大选择。</blockquote></p><p> Despite these positive clinical results, Novavax's share price has more or less gone nowhere since late January. This has to do with emergency-use authorization (EUA) filing delays in key markets, as well as production setbacks. Wall Street and investors have been quick to pounce on any delays in bringing NVX-CoV2373 to market.</p><p><blockquote>尽管取得了这些积极的临床结果，但Novavax的股价自1月底以来或多或少没有任何进展。这与主要市场的紧急使用授权（EUA）申请延迟以及生产挫折有关。华尔街和投资者很快就抓住了NVX-CoV2373上市的任何延误。</blockquote></p><p></p><p> However, Novavax looks like it's&nbsp;working through many of its delays. It was recently granted its first EUAs in Indonesia and the Philippines and has filed for the equivalent of EUA approval with the World Health Organization, Canada, Australia, and the U.K., to name a few key markets.</p><p><blockquote>然而，Novavax看起来正在解决许多延误问题。它最近在印度尼西亚和菲律宾获得了第一个EUA，并向世界卫生组织、加拿大、澳大利亚和英国等主要市场申请了相当于EUA的批准。</blockquote></p><p> It's important for investors to understand that COVID-19 has the look of an endemic illness. The mutability of the virus, coupled with the need to vaccinate billions of additional people worldwide, makes it highly likely that Novavax will&nbsp;generate recurring revenue from this indication, rather than a one-time pop from initial inoculations.</p><p><blockquote>对于投资者来说，重要的是要了解COVID-19看起来像一种地方病。该病毒的可变性，加上需要为全球数十亿额外的人接种疫苗，使得Novavax极有可能从这一适应症中产生经常性收入，而不是从初始接种中一次性获得收入。</blockquote></p><p> The Novavax growth story should also&nbsp;blossom, thanks to innovation. It's one of the leading candidates to develop a combination COVID-19/influenza vaccine and bring it to market faster than its peers.</p><p><blockquote>得益于创新，Novavax的增长故事也应该蓬勃发展。它是开发新冠肺炎/流感联合疫苗并比同行更快地将其推向市场的领先候选者之一。</blockquote></p><p> All of these factors make Novavax a screaming bargain in the&nbsp;biotech space.</p><p><blockquote>所有这些因素使Novavax在生物技术领域成为一个令人尖叫的便宜货。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/daba772eacee266463194db26d926d00\" tg-width=\"2000\" tg-height=\"1333\" 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>Pinterest</b></p><p><blockquote><b>Pinterest</b></blockquote></p><p> A third surefire growth stock to buy in December is social-media platform&nbsp;&nbsp;<b>Pinterest</b>.</p><p><blockquote>12月值得购买的第三只万无一失的成长型股票是社交媒体平台<b>Pinterest</b>.</blockquote></p><p> There's no sugarcoating that&nbsp;Pinterest has been a dud in 2021. Its shares are down almost 40% year to date, with the stock teetering on a 14-month low. This weakness is the result of Pinterest's MAU declining on a sequential basis for each of the past two quarters (from 478 million in Q1 2021 to 444 million in Q3 2021).</p><p><blockquote>毫无疑问，Pinterest在2021年是一个哑弹。今年迄今为止，其股价已下跌近40%，徘徊在14个月低点。这种疲软是Pinterest过去两个季度的月活跃用户数环比下降的结果（从2021年第一季度的4.78亿下降到2021年第三季度的4.44亿）。</blockquote></p><p> To state the obvious, Pinterest was never going to maintain its rate of MAU growth achieved during the pandemic. With COVID-19 vaccination rates picking up in developed markets, it's not a surprise to see people getting out of the house more often. But it's worthwhile noting that, when examined over a three-or-five-year period, Pinterest's MAU growth remains within historic norms.</p><p><blockquote>显而易见的是，Pinterest永远不会保持大流行期间实现的月活跃用户数增长率。随着发达市场新冠肺炎疫苗接种率的上升，人们更频繁地走出家门也就不足为奇了。但值得注意的是，从三五年的时间来看，Pinterest的月活跃用户数增长仍保持在历史正常范围内。</blockquote></p><p> What's far more important for investors to recognize is that, even with more modest near-term MAU growth, we're seeing&nbsp;almost no slowdown in the monetization of Pinterest's user base. In the September-ended quarter, global average revenue per user (ARPU) jumped 37%, while international ARPU skyrocketed 81%. International ARPU remains low enough ($0.38 in Q3) that it can double many times over this decade and fuel sustainable double-digit growth.</p><p><blockquote>对于投资者来说，更重要的是要认识到，即使近期月活跃用户增长较为温和，我们也没有看到Pinterest用户群的货币化几乎没有放缓。截至9月的季度，全球每用户平均收入(ARPU)跃升37%，而国际ARPU飙升81%。国际ARPU仍然足够低（第三季度为0.38美元），在这十年中可以翻一番，并推动可持续的两位数增长。</blockquote></p><p> What's made Pinterest a desirable place for advertisers is its&nbsp;transparent operating model. Whereas other social media platforms gather information with likes and users' search histories, the entire premise of Pinterest is for users to post about the things, places, and services that interest them. With this important data in hand, Pinterest merely needs to connect users with the merchants who can meet their needs. It's a no-brainer that merchants are going to be willing to spend big to reach motivated shoppers.</p><p><blockquote>Pinterest之所以成为广告商向往的地方，是因为其透明的运营模式。其他社交媒体平台通过喜欢和用户的搜索历史来收集信息，而Pinterest的整个前提是让用户发布他们感兴趣的事物、地点和服务。有了这些重要数据，Pinterest只需要将用户与能够满足他们需求的商家联系起来。显而易见，商家愿意花大价钱来吸引有积极性的购物者。</blockquote></p><p> Following its retracement, Pinterest is downright inexpensive. It can be scooped up for 30 times Wall Street's forecast earnings per share for 2022, yet is still growing sales by 25% or more annually. It's the perfect growth stock to add in December and&nbsp;hang onto over the next 5 to 10 years.</p><p><blockquote>回撤后，Pinterest的价格非常便宜。它的股价是华尔街2022年每股收益预测的30倍，但销售额仍以每年25%或更多的速度增长。这是12月份增持并在未来5到10年内持有的完美成长型股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/02/3-surefire-growth-stocks-to-buy-in-december/\">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":{"PINS":"Pinterest, Inc.","NVAX":"诺瓦瓦克斯医药"},"source_url":"https://www.fool.com/investing/2021/12/02/3-surefire-growth-stocks-to-buy-in-december/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110450425","content_text":"Since the end of the Great Recession more than 12 years ago,growth stocks have been dominant. Historically low lending rates and a persistently dovish U.S. central bank have given fast-paced companies access to cheap capital that they've used to hire, acquire, and innovate.\nThe thing is, even with growth stocks responsible for pushing the stock market to new heights, great deals can still be found. For long-term investors, the following three surefire growth stocks are all bargains that can be confidently bought in December.\nImage source: Getty Images.\nSquare\nThe first surefire growth stock patient investors can load up on in December following a 25% pullback since August is fintech-giant Square.\nFor the past couple of months, Square has come under pressure for a variety of reasons. There's worry about the role cryptocurrencies might play in the payments space, and more recently, there's concern about higher-inflation rates adversely impacting consumer spending. Growth stocks with hefty premiums tend to get hit hardest when inflation picks up.\nWhile these might be tangible concerns for some fintech stocks, Square has demonstrated it's in a class of its own -- which is why it carries such a lofty valuation premium.\nFor more than a decade, the company has relied on its seller ecosystem as its bread-and-butter growth source. This segment is what provides point-of-sale solutions, loans, and analytics to help businesses succeed. In the seven years leading up to the pandemic, the gross payment volume (GPV) transacted on Square's network grew by an annualized average of 49% from $6.5 billion to $106.2 billion. Based on Square's third-quarter GPV of $41.7 billion, the company has an annual run-rate of almost $167 billion.\nWhat's remarkable about the seller ecosystem is its incorporation of bigger businesses. Once a tool used almost exclusively by small/independent merchants, two-thirds of Square's Q3 GPV originated from sellers with at least $125,000 in annualized GPV. Since the seller ecosystem is predominantly a fee-driven segment, this steady shift will gradually increase gross profits over time.\nBut the long-term growth opportunity that should make Square a surefire investment is its digital peer-to-peer payment platform, Cash App. In just a three-year stretch ending Dec. 31, 2020, Cash App's monthly active user (MAU) count more than quintupled from 7 million to 36 million.\nWhat makes Cash App so intriguing is its margins. In the June-ended quarter, Square noted in its shareholder letter that it was generating $55 in gross profit per monthly transacting active customer, yet was spending around $5 to acquire each Cash App MAU. There's little question that Cash App will blow past the seller ecosystem in terms of profit potential over the long run.\nThe icing on the cake for Square is its pending $29 billion acquisition of \"buy now, pay later\" company Afterpay. Purchasing Afterpay will create a closed-loop payment system that connects the seller ecosystem with Cash App. This pricey deal is ultimately geared at growing its ecosystem and bolstering long-term margins.\nImage source: Getty Images.\nNovavax\nAnother surefire growth stock investors can confidently pile into in December is drug-developer Novavax.\nNovavax is one of what's seemingly become an army of drugmakers angling to produce a coronavirus disease 2019 (COVID-19) vaccine or treatment. But unlike most of the crowd, the company's lead vaccine (NVX-CoV2373) appears to be in the upper echelon of effectiveness.\nIn March and June, Novavax released the results of two large-scale studies involving its COVID-19 vaccine. In the U.K. trial, NVX-CoV2373 produced an 89.7% vaccine efficacy (VE), which included the original strain of the SARS-CoV-2 virus that causes COVID-19, as well as the U.K. variant. There was also the U.S./Mexico phase 3 trial, which produced a 90.4% VE. With the exception of Moderna and Pfizer/BioNTech, whose initial large-scale U.S. trials yielded respective VEs of 94.1% and 95%, Novavax looks as if it'll slide in as the clear No. 3 option in the COVID-19 vaccine space.\nDespite these positive clinical results, Novavax's share price has more or less gone nowhere since late January. This has to do with emergency-use authorization (EUA) filing delays in key markets, as well as production setbacks. Wall Street and investors have been quick to pounce on any delays in bringing NVX-CoV2373 to market.\nHowever, Novavax looks like it's working through many of its delays. It was recently granted its first EUAs in Indonesia and the Philippines and has filed for the equivalent of EUA approval with the World Health Organization, Canada, Australia, and the U.K., to name a few key markets.\nIt's important for investors to understand that COVID-19 has the look of an endemic illness. The mutability of the virus, coupled with the need to vaccinate billions of additional people worldwide, makes it highly likely that Novavax will generate recurring revenue from this indication, rather than a one-time pop from initial inoculations.\nThe Novavax growth story should also blossom, thanks to innovation. It's one of the leading candidates to develop a combination COVID-19/influenza vaccine and bring it to market faster than its peers.\nAll of these factors make Novavax a screaming bargain in the biotech space.\nImage source: Getty Images.\nPinterest\nA third surefire growth stock to buy in December is social-media platform  Pinterest.\nThere's no sugarcoating that Pinterest has been a dud in 2021. Its shares are down almost 40% year to date, with the stock teetering on a 14-month low. This weakness is the result of Pinterest's MAU declining on a sequential basis for each of the past two quarters (from 478 million in Q1 2021 to 444 million in Q3 2021).\nTo state the obvious, Pinterest was never going to maintain its rate of MAU growth achieved during the pandemic. With COVID-19 vaccination rates picking up in developed markets, it's not a surprise to see people getting out of the house more often. But it's worthwhile noting that, when examined over a three-or-five-year period, Pinterest's MAU growth remains within historic norms.\nWhat's far more important for investors to recognize is that, even with more modest near-term MAU growth, we're seeing almost no slowdown in the monetization of Pinterest's user base. In the September-ended quarter, global average revenue per user (ARPU) jumped 37%, while international ARPU skyrocketed 81%. International ARPU remains low enough ($0.38 in Q3) that it can double many times over this decade and fuel sustainable double-digit growth.\nWhat's made Pinterest a desirable place for advertisers is its transparent operating model. Whereas other social media platforms gather information with likes and users' search histories, the entire premise of Pinterest is for users to post about the things, places, and services that interest them. With this important data in hand, Pinterest merely needs to connect users with the merchants who can meet their needs. It's a no-brainer that merchants are going to be willing to spend big to reach motivated shoppers.\nFollowing its retracement, Pinterest is downright inexpensive. It can be scooped up for 30 times Wall Street's forecast earnings per share for 2022, yet is still growing sales by 25% or more annually. It's the perfect growth stock to add in December and hang onto over the next 5 to 10 years.","news_type":1,"symbols_score_info":{"PINS":0.9,"NVAX":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603853093,"gmtCreate":1638401050778,"gmtModify":1638401050928,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Aiyo this omicron turn the&nbsp;table [Facepalm]&nbsp;","listText":"Aiyo this omicron turn the&nbsp;table [Facepalm]&nbsp;","text":"Aiyo this omicron turn the table [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603853093","repostId":"1196358645","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603393497,"gmtCreate":1638362376025,"gmtModify":1638362376149,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Gud luck","listText":"Gud luck","text":"Gud luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603393497","repostId":"1129018021","repostType":4,"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609691770,"gmtCreate":1638275109044,"gmtModify":1638275109044,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"The competition is too tight","listText":"The competition is too tight","text":"The competition is too tight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609691770","repostId":"1193793682","repostType":4,"repost":{"id":"1193793682","kind":"news","pubTimestamp":1638259056,"share":"https://www.laohu8.com/m/news/1193793682?lang=zh_CN&edition=full","pubTime":"2021-11-30 15:57","market":"us","language":"en","title":"Electric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193793682","media":"Motley Fool","summary":"It might seem like a stretch, but investors are excited about these companies.","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>EV stocks have been on fire lately.</li>  <li>Rental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.</li>  <li>Both companies could offer EVs in the near future, taking part in the boom.</li> </ul> The stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The&nbsp;<b>Dow Jones Industrial Averag</b>&nbsp;rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the&nbsp;<b>S&amp;P 500</b>&nbsp;rose a healthier 60 points to 4,655, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;actually made back almost all of its Friday losses, rising 291 points to 15,782.</p><p><blockquote><ul><li>电动汽车股票最近火了。</li><li>汽车租赁公司似乎不太可能成为受益者，但赫兹和安飞士都在攀升。</li><li>两家公司都可能在不久的将来推出电动汽车，参与这一热潮。</li></ul>周一股市尽最大努力收复失地，总体而言，表现出色。The<b>道琼斯工业平均指数</b>上涨236点至35,135点，收复了周五900点低点的不到一半。然而<b>标普500</b>上涨60点至4,655点，<b>纳斯达克复合材料</b>实际上几乎收复了周五的所有失地，上涨291点至15,782点。</blockquote></p><p> Electric vehicle (EV) stocks&nbsp;have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies&nbsp;<b>Hertz Global Holdings</b>&nbsp;and&nbsp;<b>Avis Budget Group</b>&nbsp;is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.</p><p><blockquote>电动汽车（EV）股票表现非常好，电动汽车制造商的涨幅令人印象深刻。然而，投资者越来越多地寻求新的方式来参与电动汽车革命，而不仅仅是简单地关注制造这些汽车的公司。许多人认为，汽车租赁公司的财富增长<b>赫兹全球控股公司</b>和<b>Avis Budget Group</b>与他们参与不断增长的电动汽车行业的前景息息相关。下面，我们将看看这些股票周一的表现以及它们的长期前景如何。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efa5155c59487c0bf1849c93b3032edb\" 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>Hertz keeps climbing out of bankruptcy</b></p><p><blockquote><b>赫兹不断摆脱破产</b></blockquote></p><p> Monday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.</p><p><blockquote>赫兹全球控股公司(Hertz Global Holdings)宣布了一系列资本重组举措中的最新举措，该公司股价周一上涨6%。在发行了15亿美元的优先债务以回购类似数量的优先股后，赫兹宣布了一项令股东满意的回购普通股的计划。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c41c450cbdb7a6b11dba954185486880\" tg-width=\"1060\" tg-height=\"650\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.</p><p><blockquote>董事会批准了一项高达20亿美元的股票回购计划。新计划立即生效，尽管超过先前授权的2亿美元的余额将在其优先股要约收购完成后可用。</blockquote></p><p> Hertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.</p><p><blockquote>赫兹在摆脱破产方面已经做了非凡的工作，同时仍然让前股东持有公司的股份。从疫情最糟糕的情况中复苏使赫兹的财务状况有所改善，这家租车公司现在正在利用其实力的增强。</blockquote></p><p> The reason this is relevant in the EV space is that&nbsp;Hertz recently made a groundbreaking deal&nbsp;with&nbsp;<b>Tesla</b>&nbsp;to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.</p><p><blockquote>这与电动汽车领域相关的原因是赫兹最近与<b>特斯拉</b>为其租赁车队购买100,000辆汽车。此举对两家公司都有好处，为赫兹带来了潜在的新需求，同时也代表了特斯拉的一个全新市场。</blockquote></p><p> <b>Avis Budget stays healthy</b></p><p><blockquote><b>Avis预算保持健康</b></blockquote></p><p> Meanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at&nbsp;<b>Jefferies</b>, helping to drive&nbsp;positive sentiment for the Hertz rival.</p><p><blockquote>与此同时，Avis Budget股价也大幅上涨，上涨5%。该公司获得了分析师的好评<b>杰弗里斯</b>，有助于推动对赫兹竞争对手的积极情绪。</blockquote></p><p> Both&nbsp;Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.</p><p><blockquote>安飞士和赫兹都受益于汽车市场的压力。半导体等零部件的缺乏抑制了汽车生产，推高了二手车价格，从而提高了两家租车公司车队的价值。此外，随着对租车需求的增加，Avis拥有比以前更大的定价权，这提高了利润率。</blockquote></p><p> It's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.</p><p><blockquote>预计安飞士不会让赫兹独占电动汽车市场也是合理的。在赫兹-特斯拉宣布这一消息后，该公司没有做出任何明确的披露，但高管们确实明确表示，缺乏消息并不意味着他们没有寻求与制造商达成潜在的电动汽车交易。</blockquote></p><p> At this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.</p><p><blockquote>目前，赫兹和安飞士正享受着强劲的行业状况、消费者需求以及拥抱新技术的兴趣的有利融合。尽管认为它们是真正的电动汽车似乎有些牵强，但如果消费者明确表示希望租赁电动汽车，两家汽车租赁公司都可能受益。</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>Electric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</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\">2021-11-30 15:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>EV stocks have been on fire lately.</li>  <li>Rental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.</li>  <li>Both companies could offer EVs in the near future, taking part in the boom.</li> </ul> The stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The&nbsp;<b>Dow Jones Industrial Averag</b>&nbsp;rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the&nbsp;<b>S&amp;P 500</b>&nbsp;rose a healthier 60 points to 4,655, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;actually made back almost all of its Friday losses, rising 291 points to 15,782.</p><p><blockquote><ul><li>电动汽车股票最近火了。</li><li>汽车租赁公司似乎不太可能成为受益者，但赫兹和安飞士都在攀升。</li><li>两家公司都可能在不久的将来推出电动汽车，参与这一热潮。</li></ul>周一股市尽最大努力收复失地，总体而言，表现出色。The<b>道琼斯工业平均指数</b>上涨236点至35,135点，收复了周五900点低点的不到一半。然而<b>标普500</b>上涨60点至4,655点，<b>纳斯达克复合材料</b>实际上几乎收复了周五的所有失地，上涨291点至15,782点。</blockquote></p><p> Electric vehicle (EV) stocks&nbsp;have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies&nbsp;<b>Hertz Global Holdings</b>&nbsp;and&nbsp;<b>Avis Budget Group</b>&nbsp;is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.</p><p><blockquote>电动汽车（EV）股票表现非常好，电动汽车制造商的涨幅令人印象深刻。然而，投资者越来越多地寻求新的方式来参与电动汽车革命，而不仅仅是简单地关注制造这些汽车的公司。许多人认为，汽车租赁公司的财富增长<b>赫兹全球控股公司</b>和<b>Avis Budget Group</b>与他们参与不断增长的电动汽车行业的前景息息相关。下面，我们将看看这些股票周一的表现以及它们的长期前景如何。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efa5155c59487c0bf1849c93b3032edb\" 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>Hertz keeps climbing out of bankruptcy</b></p><p><blockquote><b>赫兹不断摆脱破产</b></blockquote></p><p> Monday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.</p><p><blockquote>赫兹全球控股公司(Hertz Global Holdings)宣布了一系列资本重组举措中的最新举措，该公司股价周一上涨6%。在发行了15亿美元的优先债务以回购类似数量的优先股后，赫兹宣布了一项令股东满意的回购普通股的计划。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c41c450cbdb7a6b11dba954185486880\" tg-width=\"1060\" tg-height=\"650\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.</p><p><blockquote>董事会批准了一项高达20亿美元的股票回购计划。新计划立即生效，尽管超过先前授权的2亿美元的余额将在其优先股要约收购完成后可用。</blockquote></p><p> Hertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.</p><p><blockquote>赫兹在摆脱破产方面已经做了非凡的工作，同时仍然让前股东持有公司的股份。从疫情最糟糕的情况中复苏使赫兹的财务状况有所改善，这家租车公司现在正在利用其实力的增强。</blockquote></p><p> The reason this is relevant in the EV space is that&nbsp;Hertz recently made a groundbreaking deal&nbsp;with&nbsp;<b>Tesla</b>&nbsp;to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.</p><p><blockquote>这与电动汽车领域相关的原因是赫兹最近与<b>特斯拉</b>为其租赁车队购买100,000辆汽车。此举对两家公司都有好处，为赫兹带来了潜在的新需求，同时也代表了特斯拉的一个全新市场。</blockquote></p><p> <b>Avis Budget stays healthy</b></p><p><blockquote><b>Avis预算保持健康</b></blockquote></p><p> Meanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at&nbsp;<b>Jefferies</b>, helping to drive&nbsp;positive sentiment for the Hertz rival.</p><p><blockquote>与此同时，Avis Budget股价也大幅上涨，上涨5%。该公司获得了分析师的好评<b>杰弗里斯</b>，有助于推动对赫兹竞争对手的积极情绪。</blockquote></p><p> Both&nbsp;Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.</p><p><blockquote>安飞士和赫兹都受益于汽车市场的压力。半导体等零部件的缺乏抑制了汽车生产，推高了二手车价格，从而提高了两家租车公司车队的价值。此外，随着对租车需求的增加，Avis拥有比以前更大的定价权，这提高了利润率。</blockquote></p><p> It's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.</p><p><blockquote>预计安飞士不会让赫兹独占电动汽车市场也是合理的。在赫兹-特斯拉宣布这一消息后，该公司没有做出任何明确的披露，但高管们确实明确表示，缺乏消息并不意味着他们没有寻求与制造商达成潜在的电动汽车交易。</blockquote></p><p> At this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.</p><p><blockquote>目前，赫兹和安飞士正享受着强劲的行业状况、消费者需求以及拥抱新技术的兴趣的有利融合。尽管认为它们是真正的电动汽车似乎有些牵强，但如果消费者明确表示希望租赁电动汽车，两家汽车租赁公司都可能受益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/29/electric-car-fans-are-driving-these-2-unlikely-sto/\">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":{"HTZZ":"Hertz Global Holdings, Inc.","CAR":"安飞士","HTZ":"赫兹租车"},"source_url":"https://www.fool.com/investing/2021/11/29/electric-car-fans-are-driving-these-2-unlikely-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193793682","content_text":"KEY POINTS\n\nEV stocks have been on fire lately.\nRental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.\nBoth companies could offer EVs in the near future, taking part in the boom.\n\nThe stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The Dow Jones Industrial Averag rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the S&P 500 rose a healthier 60 points to 4,655, and the Nasdaq Composite actually made back almost all of its Friday losses, rising 291 points to 15,782.\nElectric vehicle (EV) stocks have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies Hertz Global Holdings and Avis Budget Group is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.\nImage source: Getty Images.\nHertz keeps climbing out of bankruptcy\nMonday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.\n\nThe board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.\nHertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.\nThe reason this is relevant in the EV space is that Hertz recently made a groundbreaking deal with Tesla to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.\nAvis Budget stays healthy\nMeanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at Jefferies, helping to drive positive sentiment for the Hertz rival.\nBoth Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.\nIt's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.\nAt this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.","news_type":1,"symbols_score_info":{"HTZZ":0.9,"HTZ":0.9,"CAR":0.9}},"isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600455587,"gmtCreate":1638192335662,"gmtModify":1638192335770,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"I see light at the end of tunnel. However, thetunnel never end","listText":"I see light at the end of tunnel. However, thetunnel never end","text":"I see light at the end of tunnel. However, thetunnel never end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600455587","repostId":"1115824573","repostType":2,"repost":{"id":"1115824573","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":1638191842,"share":"https://www.laohu8.com/m/news/1115824573?lang=zh_CN&edition=full","pubTime":"2021-11-29 21:17","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115824573","media":"Tiger Newspress","summary":"U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-dr","content":"<p>U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.</p><p><blockquote>美国股指期货周一跳涨，因投资者在等待有关奥密克戎冠状病毒变种严重程度的更多细节的同时，纷纷涌入，利用病毒造成的急剧损失。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&amp;P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.</p><p><blockquote>美国东部时间上午8:00，道琼斯电子迷你指数上涨226点，涨幅0.65%。标普500 e-mini上涨37点，涨幅0.81%，纳斯达克100 e-mini上涨148.75点，涨幅0.93%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e047384eb051a409672b8ce439d9f38\" tg-width=\"1080\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.</p><p><blockquote>在该变种的消息引发全球抛售后，华尔街指数周五下跌2%至3.5%，因为各国担心该变种可能会抵制疫苗接种并颠覆新生的经济重新开放，因此推出了新的旅行限制措施。</blockquote></p><p> President Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.</p><p><blockquote>白宫表示，总统乔·拜登将于当天晚些时候向公众通报该变种的最新情况以及美国的反应。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna</b>&nbsp;— Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna&nbsp;could roll out a reformulated vaccine&nbsp;against the omicron variant of Covid early next year.</p><p><blockquote><b>现代</b>–这家疫苗制造商的股价继续上涨，继周五上涨20%后，周一早盘上涨超过10%。周日，该公司首席医疗官表示，Moderna可能会在明年初推出一种针对新冠病毒奥密克戎变种的重新配方疫苗。</blockquote></p><p> <b>Li Auto</b> —&nbsp;U.S.-listed shares of Li Auto rose 8.5%&nbsp;in premarket trading. Li Auto&nbsp;reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.</p><p><blockquote><b>理想汽车</b>-理想汽车在美国上市的股票在盘前交易中上涨8.5%。理想汽车公布的调整后每股收益为3美分，销售额为12.1亿美元。华尔街预计销售额为11.3亿美元，亏损3美分。在这一点上，对于李来说，盈利没有销售额重要。公司仍在快速增长。第三季度销售额同比增长超过209%。</blockquote></p><p> <b>Tesla</b>&nbsp;—&nbsp;The German automotive news outlet Automobilwoche&nbsp;reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla&nbsp;shares&nbsp;rallied&nbsp;1.5%&nbsp;in premarket trading.</p><p><blockquote><b>特斯拉</b>-德国汽车新闻媒体Automobilwoche周一报道，特斯拉在德国的新制造工厂将于12月投产。特斯拉股价在盘前交易中上涨1.</blockquote></p><p> <b>Apple</b>&nbsp;—&nbsp;Apple&nbsp;rose 1.5% after HSBC raised its price target on the iPhone maker's stock.</p><p><blockquote><b>苹果</b>–汇丰银行上调iPhone制造商股票目标价后，苹果股价上涨1.5%。</blockquote></p><p> <b>Airlines</b> — Major airlines ticked up as investors bought the dip following&nbsp;new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta&nbsp;and&nbsp;American Airlines&nbsp;each gained about 1%, after losing about 7% Friday. Travel booking site&nbsp;Expedia&nbsp;also rose, about 2%.</p><p><blockquote><b>航空公司</b>-亚洲和欧洲因新发现的Covid-19奥密克戎变种而暂停旅行后，投资者逢低买入，主要航空公司股价上涨。美联航、达美航空和美国航空各上涨约1%，周五下跌约7%。旅游预订网站Expedia也上涨，约2%。</blockquote></p><p> <b>Cruise lines</b> —Carnival,Royal Caribbean Cruises&nbsp;and&nbsp;Norwegian Cruise Line Holdings&nbsp;each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.</p><p><blockquote><b>邮轮公司</b>-嘉年华、皇家加勒比邮轮和挪威邮轮控股公司均上涨超过3%，旅游股从周五奥密克戎推动的抛售中普遍反弹。</blockquote></p><p> <b>Allbirds</b>— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.</p><p><blockquote><b>全鸟</b>-在几位分析师开始关注该股后，该鞋类制造商的股价上涨2.5%。摩根士丹利和美国银行均将目标价定为23美元，这意味着较周五收盘价上涨16%。</blockquote></p><p> <b>Coinbase</b>— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with&nbsp;Microstrategy&nbsp;rising 3.4%.Tesla&nbsp;and&nbsp;Square&nbsp;added more than 1%.</p><p><blockquote><b>Coinbase</b>–在周五与大盘一起抛售后，随着比特币价格反弹，加密货币交易所股价上涨超过2%。其他加密货币相关股票也有所上涨，Microstrategy上涨3.4%。特斯拉和Square上涨超过1%。</blockquote></p><p> <b>Zoom Video</b>— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including&nbsp;Peloton,Netflix&nbsp;and&nbsp;Teladoc.</p><p><blockquote><b>Zoom Video</b>-继周五上涨5.7%后，Zoom股价下跌近2%，走势与旅游股相反。周一上午，其他居家股票也小幅下跌，包括Peloton、Netflix和Teladoc。</blockquote></p><p> <b>Merck</b>— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.</p><p><blockquote><b>默克</b>-花旗将其股票评级从买入下调至中性，称该公司艾滋病毒药物islatravir的开发困难将损害默克的长期潜力，该制药公司股价下跌1.8%。</blockquote></p><p> <b>Wynn Resorts,Las Vegas Sands</b>— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn&nbsp;fell 1.9% and&nbsp;Las Vegas Sands&nbsp;fell 1.2%</p><p><blockquote><b>拉斯维加斯金沙永利度假村</b>-据《南华早报》报道，澳门最大赌场中介运营商负责人Alvin Chau和其他10人因涉嫌针对中国大陆的非法赌博平台而被捕，澳门博彩业走低。永利下跌1.9%，拉斯维加斯金沙下跌1.2%</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 21:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.</p><p><blockquote>美国股指期货周一跳涨，因投资者在等待有关奥密克戎冠状病毒变种严重程度的更多细节的同时，纷纷涌入，利用病毒造成的急剧损失。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&amp;P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.</p><p><blockquote>美国东部时间上午8:00，道琼斯电子迷你指数上涨226点，涨幅0.65%。标普500 e-mini上涨37点，涨幅0.81%，纳斯达克100 e-mini上涨148.75点，涨幅0.93%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e047384eb051a409672b8ce439d9f38\" tg-width=\"1080\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.</p><p><blockquote>在该变种的消息引发全球抛售后，华尔街指数周五下跌2%至3.5%，因为各国担心该变种可能会抵制疫苗接种并颠覆新生的经济重新开放，因此推出了新的旅行限制措施。</blockquote></p><p> President Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.</p><p><blockquote>白宫表示，总统乔·拜登将于当天晚些时候向公众通报该变种的最新情况以及美国的反应。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna</b>&nbsp;— Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna&nbsp;could roll out a reformulated vaccine&nbsp;against the omicron variant of Covid early next year.</p><p><blockquote><b>现代</b>–这家疫苗制造商的股价继续上涨，继周五上涨20%后，周一早盘上涨超过10%。周日，该公司首席医疗官表示，Moderna可能会在明年初推出一种针对新冠病毒奥密克戎变种的重新配方疫苗。</blockquote></p><p> <b>Li Auto</b> —&nbsp;U.S.-listed shares of Li Auto rose 8.5%&nbsp;in premarket trading. Li Auto&nbsp;reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.</p><p><blockquote><b>理想汽车</b>-理想汽车在美国上市的股票在盘前交易中上涨8.5%。理想汽车公布的调整后每股收益为3美分，销售额为12.1亿美元。华尔街预计销售额为11.3亿美元，亏损3美分。在这一点上，对于李来说，盈利没有销售额重要。公司仍在快速增长。第三季度销售额同比增长超过209%。</blockquote></p><p> <b>Tesla</b>&nbsp;—&nbsp;The German automotive news outlet Automobilwoche&nbsp;reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla&nbsp;shares&nbsp;rallied&nbsp;1.5%&nbsp;in premarket trading.</p><p><blockquote><b>特斯拉</b>-德国汽车新闻媒体Automobilwoche周一报道，特斯拉在德国的新制造工厂将于12月投产。特斯拉股价在盘前交易中上涨1.</blockquote></p><p> <b>Apple</b>&nbsp;—&nbsp;Apple&nbsp;rose 1.5% after HSBC raised its price target on the iPhone maker's stock.</p><p><blockquote><b>苹果</b>–汇丰银行上调iPhone制造商股票目标价后，苹果股价上涨1.5%。</blockquote></p><p> <b>Airlines</b> — Major airlines ticked up as investors bought the dip following&nbsp;new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta&nbsp;and&nbsp;American Airlines&nbsp;each gained about 1%, after losing about 7% Friday. Travel booking site&nbsp;Expedia&nbsp;also rose, about 2%.</p><p><blockquote><b>航空公司</b>-亚洲和欧洲因新发现的Covid-19奥密克戎变种而暂停旅行后，投资者逢低买入，主要航空公司股价上涨。美联航、达美航空和美国航空各上涨约1%，周五下跌约7%。旅游预订网站Expedia也上涨，约2%。</blockquote></p><p> <b>Cruise lines</b> —Carnival,Royal Caribbean Cruises&nbsp;and&nbsp;Norwegian Cruise Line Holdings&nbsp;each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.</p><p><blockquote><b>邮轮公司</b>-嘉年华、皇家加勒比邮轮和挪威邮轮控股公司均上涨超过3%，旅游股从周五奥密克戎推动的抛售中普遍反弹。</blockquote></p><p> <b>Allbirds</b>— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.</p><p><blockquote><b>全鸟</b>-在几位分析师开始关注该股后，该鞋类制造商的股价上涨2.5%。摩根士丹利和美国银行均将目标价定为23美元，这意味着较周五收盘价上涨16%。</blockquote></p><p> <b>Coinbase</b>— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with&nbsp;Microstrategy&nbsp;rising 3.4%.Tesla&nbsp;and&nbsp;Square&nbsp;added more than 1%.</p><p><blockquote><b>Coinbase</b>–在周五与大盘一起抛售后，随着比特币价格反弹，加密货币交易所股价上涨超过2%。其他加密货币相关股票也有所上涨，Microstrategy上涨3.4%。特斯拉和Square上涨超过1%。</blockquote></p><p> <b>Zoom Video</b>— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including&nbsp;Peloton,Netflix&nbsp;and&nbsp;Teladoc.</p><p><blockquote><b>Zoom Video</b>-继周五上涨5.7%后，Zoom股价下跌近2%，走势与旅游股相反。周一上午，其他居家股票也小幅下跌，包括Peloton、Netflix和Teladoc。</blockquote></p><p> <b>Merck</b>— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.</p><p><blockquote><b>默克</b>-花旗将其股票评级从买入下调至中性，称该公司艾滋病毒药物islatravir的开发困难将损害默克的长期潜力，该制药公司股价下跌1.8%。</blockquote></p><p> <b>Wynn Resorts,Las Vegas Sands</b>— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn&nbsp;fell 1.9% and&nbsp;Las Vegas Sands&nbsp;fell 1.2%</p><p><blockquote><b>拉斯维加斯金沙永利度假村</b>-据《南华早报》报道，澳门最大赌场中介运营商负责人Alvin Chau和其他10人因涉嫌针对中国大陆的非法赌博平台而被捕，澳门博彩业走低。永利下跌1.9%，拉斯维加斯金沙下跌1.2%</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LVS":"金沙集团","UAL":"联合大陆航空","NCLH":"挪威邮轮","AAPL":"苹果","MRK":"默沙东","TSLA":"特斯拉","CCL":"嘉年华邮轮",".DJI":"道琼斯","AAL":"美国航空","LI":"理想汽车","BIRD":"Allbirds, Inc.","RCL":"皇家加勒比邮轮","COIN":"Coinbase Global, Inc.","DAL":"达美航空",".IXIC":"NASDAQ Composite","MRNA":"Moderna, Inc.","WYNN":"永利度假村",".SPX":"S&P 500 Index","ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115824573","content_text":"U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.\nAt 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.\n\nWall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.\nPresident Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.\nStocks making the biggest moves premarket:\nModerna — Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.\nLi Auto — U.S.-listed shares of Li Auto rose 8.5% in premarket trading. Li Auto reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.\nTesla — The German automotive news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla shares rallied 1.5% in premarket trading.\nApple — Apple rose 1.5% after HSBC raised its price target on the iPhone maker's stock.\nAirlines — Major airlines ticked up as investors bought the dip following new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta and American Airlines each gained about 1%, after losing about 7% Friday. Travel booking site Expedia also rose, about 2%.\nCruise lines —Carnival,Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.\nAllbirds— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.\nCoinbase— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with Microstrategy rising 3.4%.Tesla and Square added more than 1%.\nZoom Video— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including Peloton,Netflix and Teladoc.\nMerck— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.\nWynn Resorts,Las Vegas Sands— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn fell 1.9% and Las Vegas Sands fell 1.2%","news_type":1,"symbols_score_info":{"TSLA":0.9,".IXIC":0.9,"MRNA":0.9,"BIRD":0.9,"DAL":0.9,"COIN":0.9,".DJI":0.9,"YMmain":0.9,"NCLH":0.9,"WYNN":0.9,"AAL":0.9,"ZM":0.9,"LVS":0.9,"ESmain":0.9,"RCL":0.9,"MRK":0.9,"CCL":0.9,"UAL":0.9,"AAPL":0.9,"NQmain":0.9,".SPX":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600268339,"gmtCreate":1638159539077,"gmtModify":1638159539177,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"I wish it comes true","listText":"I wish it comes true","text":"I wish it comes true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600268339","repostId":"2186432637","repostType":4,"isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600300827,"gmtCreate":1638062115657,"gmtModify":1638062115754,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Most likely travel get restricted again since new variations found in Africa.","listText":"Most likely travel get restricted again since new variations found in Africa.","text":"Most likely travel get restricted again since new variations found in Africa.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600300827","repostId":"2186340224","repostType":4,"isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877683242,"gmtCreate":1637924514056,"gmtModify":1637924514056,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877683242","repostId":"1100178242","repostType":2,"repost":{"id":"1100178242","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637920008,"share":"https://www.laohu8.com/m/news/1100178242?lang=zh_CN&edition=full","pubTime":"2021-11-26 17:46","market":"us","language":"en","title":"Worried About A Market Crash? Here Are 3 Things You Can Do<blockquote>担心市场崩盘？您可以做以下3件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100178242","media":"Benzinga","summary":"COVID-19, a worry that investors had pushed down their list of top concerns in recent months, has so","content":"<p>COVID-19, a worry that investors had pushed down their list of top concerns in recent months, has soared back up to the number&nbsp;one&nbsp;spot as a new variant spreads across South Africa.</p><p><blockquote>随着一种新变种在南非蔓延，投资者近几个月来一直关注的新冠肺炎问题已飙升至第一位。</blockquote></p><p> Asia stocks outside Japan slid over 2%, Europe and U.S. stock futures are down sharply, oil prices drops almost 5%, the safe-haven yen is up around three-quarters of a percent, and U.S. Treasury yields are down almost 10 basis points.</p><p><blockquote>日本以外的亚洲股市下跌超过2%，欧洲和美国股指期货大幅下跌，油价下跌近5%，避险日元上涨约四分之三，美国国债收益率下跌近10个基点。</blockquote></p><p> Little is known of the variant, detected in South Africa, Botswana and Hong Kong, but scientists reckon it has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible.</p><p><blockquote>人们对这种在南非、博茨瓦纳和香港发现的变种知之甚少，但科学家认为它具有不寻常的突变组合，可能能够逃避免疫反应或使其更具传染性。</blockquote></p><p> The news comes as Europe already battles a resurgent COVID-19 outbreak, triggering fresh restrictions that raise uncertainty over the near-term economic outlook.</p><p><blockquote>这一消息发布之际，欧洲已经在与死灰复燃的COVID-19疫情作斗争，引发了新的限制措施，增加了近期经济前景的不确定性。</blockquote></p><p> Thin liquidity following Thursday's U.S. Thanksgiving Day holiday likely exacerbates price moves for sure, but there's little doubt overnight headlines have taken markets by surprise on Friday.</p><p><blockquote>周四美国感恩节假期后流动性紧张肯定会加剧价格走势，但毫无疑问，隔夜头条新闻周五让市场感到意外。</blockquote></p><p> It’s been another great year for investors, with the&nbsp;<b>SPDR S&amp;P 500 ETF Trust</b>&nbsp;up another 25.4% on the year. The S&amp;P 500 has also made it more than a year since its last 10% correction, and some investors are growing concerned that a combination of historically high stock valuations, rising inflation,&nbsp;the&nbsp;COVID-19 variant and the possibility that&nbsp;aggressive Federal Reserve tightening could trigger a market crash in the next couple of quarters.</p><p><blockquote>对于投资者来说，今年又是伟大的一年，<b>SPDR标普500 ETF信托</b>同比再增长25.4%。标普500自上次调整10%以来也已经过去了一年多，一些投资者越来越担心，历史高位的股票估值、通胀上升、COVID-19变种以及美联储激进紧缩的可能性可能会在未来几个季度引发市场崩盘。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f999347452cfb2fdd30570431642cb9\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Historically, the S&amp;P 500 has averaged about one 10% pullback per yearsince 1950. Long-term investors have no reason to fear temporary market pullbacks, but there are ways to prepare for the next stock market crash to reduce your risk and take advantage of the potential buying opportunity. Here are three things to do before the next stock market crash.</p><p><blockquote>从历史上看，自1950年以来，标普500平均每年回调约10%。长期投资者没有理由担心暂时的市场回调，但有一些方法可以为下一次股市崩盘做好准备，以降低风险并利用潜在的买入机会。在下一次股市崩盘之前，这里有三件事要做。</blockquote></p><p> <b>1. Diversify Your Portfolio</b></p><p><blockquote><b>1.分散投资组合</b></blockquote></p><p> Not all market sectors and asset classes take the same hit when the stock market crashes, but it’s difficult to predict beforehand which stocks will be hit hardest. The market crash in 2008 hit bank and housing stocks hardest, while the crash in 2020 was particularly bad for travel and retail stocks. Growth stocks also tend to take a harder hit than value stocks during market crashes. By diversifying your portfolio into different types of stocks, bonds, commodities and other investments, you are ensuring that your portfolio won’t be overexposed to the worst parts of the next market crash or underexposed to any investments that may avoid the sell-off.</p><p><blockquote>当股市崩盘时，并非所有市场部门和资产类别都受到同样的打击，但很难事先预测哪些股票将受到最严重的打击。2008年的市场崩盘对银行和房地产股的打击最为严重，而2020年的崩盘对旅游和零售股的打击尤其严重。在市场崩盘期间，成长型股票也往往比价值型股票受到更严重的打击。通过将投资组合分散到不同类型的股票、债券、大宗商品和其他投资，您可以确保您的投资组合不会过度暴露于下一次市场崩盘最糟糕的部分，也不会暴露于任何可能避免抛售的投资。</blockquote></p><p> <b>2. Raise Cash</b></p><p><blockquote><b>2、筹集现金</b></blockquote></p><p> There have been countless pullbacks, crashes and recessions throughout history. One strategy that has worked every single time for long-term investors during those periods is buying the dip. But to buy the dip, you must have cash or margin available.</p><p><blockquote>历史上出现过无数次回调、崩盘和衰退。在这些时期，对长期投资者每次都有效的一种策略是逢低买入。但要逢低买入，你必须有现金或保证金。</blockquote></p><p> If you are 100% invested, your hands will be tied and your only option may be tosell stockat the worst possible time. Market crashes are nearly impossible to predict, so there’s no need to dump all your stocks now and transition to all cash. But raising the amount of cash in your account to 10%, 20% or whatever level makes you feel more comfortable allows you to be opportunistic when the next crash happens.</p><p><blockquote>如果你100%投资，你的手将被束缚，你唯一的选择可能是在最糟糕的时候卖出股票。市场崩盘几乎不可能预测，因此现在没有必要抛售所有股票并转向所有现金。但将账户中的现金金额提高到10%、20%或任何让您感觉更舒服的水平，可以让您在下一次崩盘发生时投机取巧。</blockquote></p><p> <b>3. Maintain A Watch List</b></p><p><blockquote><b>3.维护观察名单</b></blockquote></p><p> Investors tend to not make the best, most rational decisions during the worst of a stock market crash. It’s best if you have a plan of action before the crash so that you aren’t trying to make emotional decisions when it seems like the sky is falling.</p><p><blockquote>在股市崩盘最严重的时候，投资者往往不会做出最好、最理性的决定。如果你在坠机前有一个行动计划是最好的，这样你就不会在天要塌下来的时候试图做出情绪化的决定。</blockquote></p><p> Before the stock market turns south, make a list of stocks you may potentially be interested in buying on the dip. Research these companies and vet them prior to the crash so that all you have to do when the opportunity to buy the dip arises is click that “buy” button.</p><p><blockquote>在股市下跌之前，列出一份您可能有兴趣逢低买入的股票清单。在崩盘前研究这些公司并对其进行审查，这样当逢低买入的机会出现时，您所要做的就是点击“买入”按钮。</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>Worried About A Market Crash? Here Are 3 Things You Can Do<blockquote>担心市场崩盘？您可以做以下3件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorried About A Market Crash? Here Are 3 Things You Can Do<blockquote>担心市场崩盘？您可以做以下3件事</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\">2021-11-26 17:46</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>COVID-19, a worry that investors had pushed down their list of top concerns in recent months, has soared back up to the number&nbsp;one&nbsp;spot as a new variant spreads across South Africa.</p><p><blockquote>随着一种新变种在南非蔓延，投资者近几个月来一直关注的新冠肺炎问题已飙升至第一位。</blockquote></p><p> Asia stocks outside Japan slid over 2%, Europe and U.S. stock futures are down sharply, oil prices drops almost 5%, the safe-haven yen is up around three-quarters of a percent, and U.S. Treasury yields are down almost 10 basis points.</p><p><blockquote>日本以外的亚洲股市下跌超过2%，欧洲和美国股指期货大幅下跌，油价下跌近5%，避险日元上涨约四分之三，美国国债收益率下跌近10个基点。</blockquote></p><p> Little is known of the variant, detected in South Africa, Botswana and Hong Kong, but scientists reckon it has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible.</p><p><blockquote>人们对这种在南非、博茨瓦纳和香港发现的变种知之甚少，但科学家认为它具有不寻常的突变组合，可能能够逃避免疫反应或使其更具传染性。</blockquote></p><p> The news comes as Europe already battles a resurgent COVID-19 outbreak, triggering fresh restrictions that raise uncertainty over the near-term economic outlook.</p><p><blockquote>这一消息发布之际，欧洲已经在与死灰复燃的COVID-19疫情作斗争，引发了新的限制措施，增加了近期经济前景的不确定性。</blockquote></p><p> Thin liquidity following Thursday's U.S. Thanksgiving Day holiday likely exacerbates price moves for sure, but there's little doubt overnight headlines have taken markets by surprise on Friday.</p><p><blockquote>周四美国感恩节假期后流动性紧张肯定会加剧价格走势，但毫无疑问，隔夜头条新闻周五让市场感到意外。</blockquote></p><p> It’s been another great year for investors, with the&nbsp;<b>SPDR S&amp;P 500 ETF Trust</b>&nbsp;up another 25.4% on the year. The S&amp;P 500 has also made it more than a year since its last 10% correction, and some investors are growing concerned that a combination of historically high stock valuations, rising inflation,&nbsp;the&nbsp;COVID-19 variant and the possibility that&nbsp;aggressive Federal Reserve tightening could trigger a market crash in the next couple of quarters.</p><p><blockquote>对于投资者来说，今年又是伟大的一年，<b>SPDR标普500 ETF信托</b>同比再增长25.4%。标普500自上次调整10%以来也已经过去了一年多，一些投资者越来越担心，历史高位的股票估值、通胀上升、COVID-19变种以及美联储激进紧缩的可能性可能会在未来几个季度引发市场崩盘。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f999347452cfb2fdd30570431642cb9\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Historically, the S&amp;P 500 has averaged about one 10% pullback per yearsince 1950. Long-term investors have no reason to fear temporary market pullbacks, but there are ways to prepare for the next stock market crash to reduce your risk and take advantage of the potential buying opportunity. Here are three things to do before the next stock market crash.</p><p><blockquote>从历史上看，自1950年以来，标普500平均每年回调约10%。长期投资者没有理由担心暂时的市场回调，但有一些方法可以为下一次股市崩盘做好准备，以降低风险并利用潜在的买入机会。在下一次股市崩盘之前，这里有三件事要做。</blockquote></p><p> <b>1. Diversify Your Portfolio</b></p><p><blockquote><b>1.分散投资组合</b></blockquote></p><p> Not all market sectors and asset classes take the same hit when the stock market crashes, but it’s difficult to predict beforehand which stocks will be hit hardest. The market crash in 2008 hit bank and housing stocks hardest, while the crash in 2020 was particularly bad for travel and retail stocks. Growth stocks also tend to take a harder hit than value stocks during market crashes. By diversifying your portfolio into different types of stocks, bonds, commodities and other investments, you are ensuring that your portfolio won’t be overexposed to the worst parts of the next market crash or underexposed to any investments that may avoid the sell-off.</p><p><blockquote>当股市崩盘时，并非所有市场部门和资产类别都受到同样的打击，但很难事先预测哪些股票将受到最严重的打击。2008年的市场崩盘对银行和房地产股的打击最为严重，而2020年的崩盘对旅游和零售股的打击尤其严重。在市场崩盘期间，成长型股票也往往比价值型股票受到更严重的打击。通过将投资组合分散到不同类型的股票、债券、大宗商品和其他投资，您可以确保您的投资组合不会过度暴露于下一次市场崩盘最糟糕的部分，也不会暴露于任何可能避免抛售的投资。</blockquote></p><p> <b>2. Raise Cash</b></p><p><blockquote><b>2、筹集现金</b></blockquote></p><p> There have been countless pullbacks, crashes and recessions throughout history. One strategy that has worked every single time for long-term investors during those periods is buying the dip. But to buy the dip, you must have cash or margin available.</p><p><blockquote>历史上出现过无数次回调、崩盘和衰退。在这些时期，对长期投资者每次都有效的一种策略是逢低买入。但要逢低买入，你必须有现金或保证金。</blockquote></p><p> If you are 100% invested, your hands will be tied and your only option may be tosell stockat the worst possible time. Market crashes are nearly impossible to predict, so there’s no need to dump all your stocks now and transition to all cash. But raising the amount of cash in your account to 10%, 20% or whatever level makes you feel more comfortable allows you to be opportunistic when the next crash happens.</p><p><blockquote>如果你100%投资，你的手将被束缚，你唯一的选择可能是在最糟糕的时候卖出股票。市场崩盘几乎不可能预测，因此现在没有必要抛售所有股票并转向所有现金。但将账户中的现金金额提高到10%、20%或任何让您感觉更舒服的水平，可以让您在下一次崩盘发生时投机取巧。</blockquote></p><p> <b>3. Maintain A Watch List</b></p><p><blockquote><b>3.维护观察名单</b></blockquote></p><p> Investors tend to not make the best, most rational decisions during the worst of a stock market crash. It’s best if you have a plan of action before the crash so that you aren’t trying to make emotional decisions when it seems like the sky is falling.</p><p><blockquote>在股市崩盘最严重的时候，投资者往往不会做出最好、最理性的决定。如果你在坠机前有一个行动计划是最好的，这样你就不会在天要塌下来的时候试图做出情绪化的决定。</blockquote></p><p> Before the stock market turns south, make a list of stocks you may potentially be interested in buying on the dip. Research these companies and vet them prior to the crash so that all you have to do when the opportunity to buy the dip arises is click that “buy” button.</p><p><blockquote>在股市下跌之前，列出一份您可能有兴趣逢低买入的股票清单。在崩盘前研究这些公司并对其进行审查，这样当逢低买入的机会出现时，您所要做的就是点击“买入”按钮。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100178242","content_text":"COVID-19, a worry that investors had pushed down their list of top concerns in recent months, has soared back up to the number one spot as a new variant spreads across South Africa.\nAsia stocks outside Japan slid over 2%, Europe and U.S. stock futures are down sharply, oil prices drops almost 5%, the safe-haven yen is up around three-quarters of a percent, and U.S. Treasury yields are down almost 10 basis points.\nLittle is known of the variant, detected in South Africa, Botswana and Hong Kong, but scientists reckon it has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible.\nThe news comes as Europe already battles a resurgent COVID-19 outbreak, triggering fresh restrictions that raise uncertainty over the near-term economic outlook.\nThin liquidity following Thursday's U.S. Thanksgiving Day holiday likely exacerbates price moves for sure, but there's little doubt overnight headlines have taken markets by surprise on Friday.\nIt’s been another great year for investors, with the SPDR S&P 500 ETF Trust up another 25.4% on the year. The S&P 500 has also made it more than a year since its last 10% correction, and some investors are growing concerned that a combination of historically high stock valuations, rising inflation, the COVID-19 variant and the possibility that aggressive Federal Reserve tightening could trigger a market crash in the next couple of quarters.\n\nHistorically, the S&P 500 has averaged about one 10% pullback per yearsince 1950. Long-term investors have no reason to fear temporary market pullbacks, but there are ways to prepare for the next stock market crash to reduce your risk and take advantage of the potential buying opportunity. Here are three things to do before the next stock market crash.\n1. Diversify Your Portfolio\nNot all market sectors and asset classes take the same hit when the stock market crashes, but it’s difficult to predict beforehand which stocks will be hit hardest. The market crash in 2008 hit bank and housing stocks hardest, while the crash in 2020 was particularly bad for travel and retail stocks. Growth stocks also tend to take a harder hit than value stocks during market crashes. By diversifying your portfolio into different types of stocks, bonds, commodities and other investments, you are ensuring that your portfolio won’t be overexposed to the worst parts of the next market crash or underexposed to any investments that may avoid the sell-off.\n2. Raise Cash\nThere have been countless pullbacks, crashes and recessions throughout history. One strategy that has worked every single time for long-term investors during those periods is buying the dip. But to buy the dip, you must have cash or margin available.\nIf you are 100% invested, your hands will be tied and your only option may be tosell stockat the worst possible time. Market crashes are nearly impossible to predict, so there’s no need to dump all your stocks now and transition to all cash. But raising the amount of cash in your account to 10%, 20% or whatever level makes you feel more comfortable allows you to be opportunistic when the next crash happens.\n3. Maintain A Watch List\nInvestors tend to not make the best, most rational decisions during the worst of a stock market crash. It’s best if you have a plan of action before the crash so that you aren’t trying to make emotional decisions when it seems like the sky is falling.\nBefore the stock market turns south, make a list of stocks you may potentially be interested in buying on the dip. Research these companies and vet them prior to the crash so that all you have to do when the opportunity to buy the dip arises is click that “buy” button.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874467303,"gmtCreate":1637813434293,"gmtModify":1637813434293,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Well done","listText":"Well done","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874467303","repostId":"1105652487","repostType":2,"repost":{"id":"1105652487","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637812434,"share":"https://www.laohu8.com/m/news/1105652487?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:53","market":"us","language":"en","title":"Stock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与福特特斯拉</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105652487","media":"Benzinga","summary":"This week, the duel is between two of the most prominent and often controversial companies in the hi","content":"<p><i>This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:</i><i><b>Ford Motor Company</b></i>&nbsp;<i>and</i>&nbsp;<i><b>Tesla Inc.</b></i><i>.</i></p><p><blockquote><i>本周，这场对决发生在汽车行业历史上最著名且经常引起争议的两家公司之间：</i><i><b>福特汽车公司</b></i> <i>和</i> <i><b>特斯拉公司。</b></i><i>.</i></blockquote></p><p> <b>The Case For Ford:</b>The Ford Motor Company was incorporated on June 16, 1903. Its namesake,<b>Henry Ford</b>, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president after<b>John S. Gray</b>, the original corporate captain, died of a heart attack in 1906.</p><p><blockquote><b>福特的案例：</b>福特汽车公司成立于1903年6月16日。与其同名，<b>亨利福特</b>，之前创办了两家不成功的汽车公司，最初在这一努力中担任副总裁，后来成为总裁<b>约翰·S·格雷</b>最初的公司队长，于1906年死于心脏病。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c58b93ef6e14ee7631343dfb09b568f5\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> As a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.</p><p><blockquote>作为公司总裁，福特被认为有许多创新，包括装配线的现代化和为员工制定每天八小时/每周五天的工作时间表。</blockquote></p><p> Ford&nbsp;generated criticism for his political actions. He&nbsp;opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.</p><p><blockquote>福特因其政治行为而受到批评。他反对美国加入第一次世界大战，与斯大林的苏联和希特勒的德国合作生产汽车，并资助反犹太出版物。</blockquote></p><p> Today, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.</p><p><blockquote>如今，福特在18个国家设有工厂，全球员工超过186,000人。</blockquote></p><p> Among its most recent developments, Ford announced a&nbsp;partnership&nbsp;with semiconductor manufacturer&nbsp;<b>GlobalFoundries Inc.</b>&nbsp;that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to&nbsp;explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”</p><p><blockquote>在最新进展中，福特宣布与半导体制造商建立合作伙伴关系<b>格罗方德公司。</b>这将涉及联合研发，以满足增加芯片数量的需求，以满足汽车行业的需求，包括ADAS、电池管理系统和车载网络的半导体解决方案。两家公司还计划探索“扩大半导体制造机会以支持汽车行业”。</blockquote></p><p> Last week, Ford CEO&nbsp;<b>Jim Farley</b>&nbsp;said the automaker&nbsp;planned&nbsp;to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford&nbsp;canceled&nbsp;its plans to develop EVs with&nbsp;<b>Rivian Automotive, Inc.</b>, a company that Ford has backed since 2019.</p><p><blockquote>上周，福特首席执行官<b>吉姆·法利</b>表示，该汽车制造商计划到2023年将电动汽车产量翻一番，到2023年底达到每年60万辆，目标是成为全球领先的电动汽车制造商。但同样在上周，福特取消了开发电动汽车的计划<b>Rivian汽车公司。</b>，福特自2019年以来一直支持该公司。</blockquote></p><p> In its most recent quarterly earnings report, the third-quarter&nbsp;data published on Oct. 27, Ford saw revenue&nbsp;of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.</p><p><blockquote>在10月27日发布的最新季度收益报告中，福特的营收为356亿美元，低于一年前的375亿美元。该公司还录得18.3亿美元的净利润，低于上一年的23.8亿美元。第三季度每股基本收益为46美分，同比下降60美分。福特董事会投票决定从第四季度开始恢复定期季度股息。</blockquote></p><p> In the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”</p><p><blockquote>在公司的财报看涨期权中，法利展望了2022年，并坚称公司“对摆在我们面前的机会感到兴奋和充满活力，并且很明显，我们还有很多工作要做才能发挥福特的潜力。我想说的话留给你的是专注。竞争环境从未如此有趣和艰难，我们打算兑现我们的承诺，像挑战者一样竞争，专注于我们的首要任务，以客户为中心，实现福特+的增长。”</blockquote></p><p> Ford closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.</p><p><blockquote>福特周三收于20.25美元，略低于20.79美元的52周高点，也远低于8.43美元的52周低点。</blockquote></p><p> <b>The Case For Tesla:</b>While it impossible not to talk about Tesla without mentioning CEO&nbsp;<b>Elon Musk</b>, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by&nbsp;<b>Martin Eberhard</b>&nbsp;and&nbsp;<b>Marc Tarpenning</b>, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.</p><p><blockquote><b>特斯拉的案例：</b>虽然谈论特斯拉不可能不提到首席执行官<b>埃隆·马斯克</b>，这位出生于南非的企业家实际上是该公司的后来者。特斯拉成立于2003年7月，由<b>马丁·埃伯哈德</b>和<b>马克·塔彭宁</b>马斯克于2004年2月投资650万美元出任董事长。马斯克将于2008年成为首席执行官，埃伯哈德和塔彭宁被排除在公司领导层之外。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4be4fd3aebf3f6c0cdcd64acc204e8b\" tg-width=\"1920\" tg-height=\"1080\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Under Musk, Tesla established itself as the power player in the EV sector —&nbsp;its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.</p><p><blockquote>在马斯克的领导下，特斯拉确立了自己在电动汽车领域的强势地位——去年6月，其Model 3成为第一款全球销量100万辆的电动汽车，上个月市值达到1万亿美元，这使马斯克成为世界首富。</blockquote></p><p> Tesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.</p><p><blockquote>特斯拉拥有不到71,000名员工，在美、加、德、中拥有12家制造工厂。另外三个设施，两个在美国，一个在德国，计划于明年开业。</blockquote></p><p> Tesla has also weathered its share of controversies recently.&nbsp;Reuters&nbsp;reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council,&nbsp;a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.</p><p><blockquote>特斯拉最近也经受住了争议。路透社周二报道称，特斯拉柏林附近新工厂的员工已经采取了成立劳资委员会的第一步，据报道，此举激怒了马斯克，众所周知，马斯克威胁说，如果美国工人试图成立工会，他将剥夺他们的股票期权。</blockquote></p><p></p><p> The German&nbsp;<b>IG Metall</b>&nbsp;trade union also reported the Berlin Tesla plant is offering wages that are&nbsp;20% below the collectively bargained wages offered at other German automakers.</p><p><blockquote>德国人<b>IG金属</b>工会还报告称，柏林特斯拉工厂提供的工资比其他德国汽车制造商提供的集体谈判工资低20%。</blockquote></p><p> Last week,news percolated&nbsp;of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the&nbsp;<b>National Highway Traffic Safety Administration</b>(NHTSA) has&nbsp;sought data&nbsp;from all Tesla vehicles produced since 2014 to related to its Autopilot system, with&nbsp;the company’s self-driving cars having crashed into emergency vehicles at least 11 times.</p><p><blockquote>上周，有消息称一名女性在该公司位于加利福尼亚州弗里蒙特的工厂提起性骚扰诉讼。和<b>国家公路交通安全管理局</b>（NHTSA）已从2014年以来生产的所有特斯拉汽车中寻找与其自动驾驶系统相关的数据，该公司的自动驾驶汽车至少11次撞上紧急车辆。</blockquote></p><p> In its most recent earnings report, the third-quarter&nbsp;data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.</p><p><blockquote>在10月20日发布的最新财报第三季度数据中，特斯拉营收为137亿美元，高于一年前的87亿美元。该季度净利润为16亿美元，高于去年同期的3.31亿美元。稀释后每股收益为1.44美元，同比增长27美分。</blockquote></p><p> The quarterly report acknowledged the performance could have been better.</p><p><blockquote>季度报告承认业绩本来可以更好。</blockquote></p><p> “A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”</p><p><blockquote>报告称：“包括半导体短缺、港口拥堵和轮流停电在内的各种挑战一直在影响我们保持工厂全速运转的能力。”“我们相信，我们的供应链、工程和生产团队一直在以汽车行业无与伦比的独创性、敏捷性和灵活性应对这些全球挑战。”</blockquote></p><p> Tesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.</p><p><blockquote>特斯拉周三收于1116美元，接近52周高点1243.49美元，远低于52周低点526.20美元。</blockquote></p><p> <b>The Verdict:</b>More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.</p><p><blockquote><b>判决：</b>不少Benzinga读者可能会认为这种说法在股市上相当于叛教，但这场股票大战决斗的赢家很容易是福特而不是特斯拉。福特股票走强有四个关键原因。</blockquote></p><p> First, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.</p><p><blockquote>首先，诚然，福特在电动汽车领域起步较晚，但福特拥有特斯拉所缺乏的制造资源。基于福特在全球的影响力，法利让福特成为全球最大电动汽车公司的目标并不牵强。特斯拉进入欧洲市场较晚，可能对在中国获得领导地位寄予厚望，因为美国公司永远不允许在中国的任何行业占据主导地位。</blockquote></p><p> Second, Ford has already produced a superior product. Last week,<b>Consumer Reports</b>&nbsp;judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.</p><p><blockquote>其次，福特已经生产出了一款卓越的产品。上周，<b>消费者报告</b>福特的五门电动跨界车野马Mach-E在最新的年度可靠性评分中优于特斯拉Model 3轿车和其他电动车型。尽管Mach-E和特斯拉汽车今年早些时候都因玻璃车顶问题而被召回，但至少NHTSA没有要求福特提供七年的数据。</blockquote></p><p> Third, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving&nbsp;<b>Walmart</b>&nbsp;and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.</p><p><blockquote>第三，福特正在通过上述与GlobalFoundries的合作伙伴关系以及涉及<b>沃尔玛</b>Argo AI提供“最后一英里”自动驾驶汽车送货服务。相比之下，马斯克似乎更感兴趣的是与企业界的同行在社交媒体上打架，而不是建立关系来推动公司发展。</blockquote></p><p> Fourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of&nbsp;<b>Steven Spielberg’s</b>&nbsp;Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.</p><p><blockquote>第四，福特惨痛地认识到，当一个公司领导人不受约束地信口开河时会发生什么。1997年，亨利·福特去世50年后，福特赞助了NBC的一次无广告广播<b>史蒂文·斯皮尔伯格的</b>奥斯卡获奖大屠杀剧《辛德勒的名单》——尽管该公司坚称并非如此，但很明显，福特正在为其创始人悲惨的反犹太主义和美国加入之前在德国业务中使用奴隶劳动的行为赎罪。第二次世界大战。</blockquote></p><p> Mercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it —&nbsp;and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.</p><p><blockquote>幸运的是，马斯克的推文和媒体滑稽动作并没有带来福特行为的令人沮丧的情感和智力枷锁。尽管如此，马斯克似乎往往对自己的声音更感兴趣，以至于掩盖了他的公司而不是增强了它——他鲁莽的推文和可疑的企业判断已经引发了联邦政府针对他和他的公司的行动和诉讼，如果他继续走这条路，不难想象还会有更多的人效仿。</blockquote></p><p> Musk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.</p><p><blockquote>马斯克的轻率今天可能很有趣，但几年后回来，不难想象福特会以他为代价笑到最后。</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>Stock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与福特特斯拉</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\">\nStock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与福特特斯拉</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\">2021-11-25 11:53</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><i>This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:</i><i><b>Ford Motor Company</b></i>&nbsp;<i>and</i>&nbsp;<i><b>Tesla Inc.</b></i><i>.</i></p><p><blockquote><i>本周，这场对决发生在汽车行业历史上最著名且经常引起争议的两家公司之间：</i><i><b>福特汽车公司</b></i> <i>和</i> <i><b>特斯拉公司。</b></i><i>.</i></blockquote></p><p> <b>The Case For Ford:</b>The Ford Motor Company was incorporated on June 16, 1903. Its namesake,<b>Henry Ford</b>, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president after<b>John S. Gray</b>, the original corporate captain, died of a heart attack in 1906.</p><p><blockquote><b>福特的案例：</b>福特汽车公司成立于1903年6月16日。与其同名，<b>亨利福特</b>，之前创办了两家不成功的汽车公司，最初在这一努力中担任副总裁，后来成为总裁<b>约翰·S·格雷</b>最初的公司队长，于1906年死于心脏病。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c58b93ef6e14ee7631343dfb09b568f5\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> As a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.</p><p><blockquote>作为公司总裁，福特被认为有许多创新，包括装配线的现代化和为员工制定每天八小时/每周五天的工作时间表。</blockquote></p><p> Ford&nbsp;generated criticism for his political actions. He&nbsp;opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.</p><p><blockquote>福特因其政治行为而受到批评。他反对美国加入第一次世界大战，与斯大林的苏联和希特勒的德国合作生产汽车，并资助反犹太出版物。</blockquote></p><p> Today, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.</p><p><blockquote>如今，福特在18个国家设有工厂，全球员工超过186,000人。</blockquote></p><p> Among its most recent developments, Ford announced a&nbsp;partnership&nbsp;with semiconductor manufacturer&nbsp;<b>GlobalFoundries Inc.</b>&nbsp;that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to&nbsp;explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”</p><p><blockquote>在最新进展中，福特宣布与半导体制造商建立合作伙伴关系<b>格罗方德公司。</b>这将涉及联合研发，以满足增加芯片数量的需求，以满足汽车行业的需求，包括ADAS、电池管理系统和车载网络的半导体解决方案。两家公司还计划探索“扩大半导体制造机会以支持汽车行业”。</blockquote></p><p> Last week, Ford CEO&nbsp;<b>Jim Farley</b>&nbsp;said the automaker&nbsp;planned&nbsp;to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford&nbsp;canceled&nbsp;its plans to develop EVs with&nbsp;<b>Rivian Automotive, Inc.</b>, a company that Ford has backed since 2019.</p><p><blockquote>上周，福特首席执行官<b>吉姆·法利</b>表示，该汽车制造商计划到2023年将电动汽车产量翻一番，到2023年底达到每年60万辆，目标是成为全球领先的电动汽车制造商。但同样在上周，福特取消了开发电动汽车的计划<b>Rivian汽车公司。</b>，福特自2019年以来一直支持该公司。</blockquote></p><p> In its most recent quarterly earnings report, the third-quarter&nbsp;data published on Oct. 27, Ford saw revenue&nbsp;of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.</p><p><blockquote>在10月27日发布的最新季度收益报告中，福特的营收为356亿美元，低于一年前的375亿美元。该公司还录得18.3亿美元的净利润，低于上一年的23.8亿美元。第三季度每股基本收益为46美分，同比下降60美分。福特董事会投票决定从第四季度开始恢复定期季度股息。</blockquote></p><p> In the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”</p><p><blockquote>在公司的财报看涨期权中，法利展望了2022年，并坚称公司“对摆在我们面前的机会感到兴奋和充满活力，并且很明显，我们还有很多工作要做才能发挥福特的潜力。我想说的话留给你的是专注。竞争环境从未如此有趣和艰难，我们打算兑现我们的承诺，像挑战者一样竞争，专注于我们的首要任务，以客户为中心，实现福特+的增长。”</blockquote></p><p> Ford closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.</p><p><blockquote>福特周三收于20.25美元，略低于20.79美元的52周高点，也远低于8.43美元的52周低点。</blockquote></p><p> <b>The Case For Tesla:</b>While it impossible not to talk about Tesla without mentioning CEO&nbsp;<b>Elon Musk</b>, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by&nbsp;<b>Martin Eberhard</b>&nbsp;and&nbsp;<b>Marc Tarpenning</b>, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.</p><p><blockquote><b>特斯拉的案例：</b>虽然谈论特斯拉不可能不提到首席执行官<b>埃隆·马斯克</b>，这位出生于南非的企业家实际上是该公司的后来者。特斯拉成立于2003年7月，由<b>马丁·埃伯哈德</b>和<b>马克·塔彭宁</b>马斯克于2004年2月投资650万美元出任董事长。马斯克将于2008年成为首席执行官，埃伯哈德和塔彭宁被排除在公司领导层之外。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4be4fd3aebf3f6c0cdcd64acc204e8b\" tg-width=\"1920\" tg-height=\"1080\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Under Musk, Tesla established itself as the power player in the EV sector —&nbsp;its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.</p><p><blockquote>在马斯克的领导下，特斯拉确立了自己在电动汽车领域的强势地位——去年6月，其Model 3成为第一款全球销量100万辆的电动汽车，上个月市值达到1万亿美元，这使马斯克成为世界首富。</blockquote></p><p> Tesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.</p><p><blockquote>特斯拉拥有不到71,000名员工，在美、加、德、中拥有12家制造工厂。另外三个设施，两个在美国，一个在德国，计划于明年开业。</blockquote></p><p> Tesla has also weathered its share of controversies recently.&nbsp;Reuters&nbsp;reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council,&nbsp;a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.</p><p><blockquote>特斯拉最近也经受住了争议。路透社周二报道称，特斯拉柏林附近新工厂的员工已经采取了成立劳资委员会的第一步，据报道，此举激怒了马斯克，众所周知，马斯克威胁说，如果美国工人试图成立工会，他将剥夺他们的股票期权。</blockquote></p><p></p><p> The German&nbsp;<b>IG Metall</b>&nbsp;trade union also reported the Berlin Tesla plant is offering wages that are&nbsp;20% below the collectively bargained wages offered at other German automakers.</p><p><blockquote>德国人<b>IG金属</b>工会还报告称，柏林特斯拉工厂提供的工资比其他德国汽车制造商提供的集体谈判工资低20%。</blockquote></p><p> Last week,news percolated&nbsp;of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the&nbsp;<b>National Highway Traffic Safety Administration</b>(NHTSA) has&nbsp;sought data&nbsp;from all Tesla vehicles produced since 2014 to related to its Autopilot system, with&nbsp;the company’s self-driving cars having crashed into emergency vehicles at least 11 times.</p><p><blockquote>上周，有消息称一名女性在该公司位于加利福尼亚州弗里蒙特的工厂提起性骚扰诉讼。和<b>国家公路交通安全管理局</b>（NHTSA）已从2014年以来生产的所有特斯拉汽车中寻找与其自动驾驶系统相关的数据，该公司的自动驾驶汽车至少11次撞上紧急车辆。</blockquote></p><p> In its most recent earnings report, the third-quarter&nbsp;data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.</p><p><blockquote>在10月20日发布的最新财报第三季度数据中，特斯拉营收为137亿美元，高于一年前的87亿美元。该季度净利润为16亿美元，高于去年同期的3.31亿美元。稀释后每股收益为1.44美元，同比增长27美分。</blockquote></p><p> The quarterly report acknowledged the performance could have been better.</p><p><blockquote>季度报告承认业绩本来可以更好。</blockquote></p><p> “A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”</p><p><blockquote>报告称：“包括半导体短缺、港口拥堵和轮流停电在内的各种挑战一直在影响我们保持工厂全速运转的能力。”“我们相信，我们的供应链、工程和生产团队一直在以汽车行业无与伦比的独创性、敏捷性和灵活性应对这些全球挑战。”</blockquote></p><p> Tesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.</p><p><blockquote>特斯拉周三收于1116美元，接近52周高点1243.49美元，远低于52周低点526.20美元。</blockquote></p><p> <b>The Verdict:</b>More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.</p><p><blockquote><b>判决：</b>不少Benzinga读者可能会认为这种说法在股市上相当于叛教，但这场股票大战决斗的赢家很容易是福特而不是特斯拉。福特股票走强有四个关键原因。</blockquote></p><p> First, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.</p><p><blockquote>首先，诚然，福特在电动汽车领域起步较晚，但福特拥有特斯拉所缺乏的制造资源。基于福特在全球的影响力，法利让福特成为全球最大电动汽车公司的目标并不牵强。特斯拉进入欧洲市场较晚，可能对在中国获得领导地位寄予厚望，因为美国公司永远不允许在中国的任何行业占据主导地位。</blockquote></p><p> Second, Ford has already produced a superior product. Last week,<b>Consumer Reports</b>&nbsp;judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.</p><p><blockquote>其次，福特已经生产出了一款卓越的产品。上周，<b>消费者报告</b>福特的五门电动跨界车野马Mach-E在最新的年度可靠性评分中优于特斯拉Model 3轿车和其他电动车型。尽管Mach-E和特斯拉汽车今年早些时候都因玻璃车顶问题而被召回，但至少NHTSA没有要求福特提供七年的数据。</blockquote></p><p> Third, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving&nbsp;<b>Walmart</b>&nbsp;and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.</p><p><blockquote>第三，福特正在通过上述与GlobalFoundries的合作伙伴关系以及涉及<b>沃尔玛</b>Argo AI提供“最后一英里”自动驾驶汽车送货服务。相比之下，马斯克似乎更感兴趣的是与企业界的同行在社交媒体上打架，而不是建立关系来推动公司发展。</blockquote></p><p> Fourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of&nbsp;<b>Steven Spielberg’s</b>&nbsp;Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.</p><p><blockquote>第四，福特惨痛地认识到，当一个公司领导人不受约束地信口开河时会发生什么。1997年，亨利·福特去世50年后，福特赞助了NBC的一次无广告广播<b>史蒂文·斯皮尔伯格的</b>奥斯卡获奖大屠杀剧《辛德勒的名单》——尽管该公司坚称并非如此，但很明显，福特正在为其创始人悲惨的反犹太主义和美国加入之前在德国业务中使用奴隶劳动的行为赎罪。第二次世界大战。</blockquote></p><p> Mercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it —&nbsp;and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.</p><p><blockquote>幸运的是，马斯克的推文和媒体滑稽动作并没有带来福特行为的令人沮丧的情感和智力枷锁。尽管如此，马斯克似乎往往对自己的声音更感兴趣，以至于掩盖了他的公司而不是增强了它——他鲁莽的推文和可疑的企业判断已经引发了联邦政府针对他和他的公司的行动和诉讼，如果他继续走这条路，不难想象还会有更多的人效仿。</blockquote></p><p> Musk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.</p><p><blockquote>马斯克的轻率今天可能很有趣，但几年后回来，不难想象福特会以他为代价笑到最后。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105652487","content_text":"This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:Ford Motor Company and Tesla Inc..\nThe Case For Ford:The Ford Motor Company was incorporated on June 16, 1903. Its namesake,Henry Ford, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president afterJohn S. Gray, the original corporate captain, died of a heart attack in 1906.\n\nAs a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.\nFord generated criticism for his political actions. He opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.\nToday, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.\nAmong its most recent developments, Ford announced a partnership with semiconductor manufacturer GlobalFoundries Inc. that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”\nLast week, Ford CEO Jim Farley said the automaker planned to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford canceled its plans to develop EVs with Rivian Automotive, Inc., a company that Ford has backed since 2019.\nIn its most recent quarterly earnings report, the third-quarter data published on Oct. 27, Ford saw revenue of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.\nIn the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”\nFord closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.\nThe Case For Tesla:While it impossible not to talk about Tesla without mentioning CEO Elon Musk, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by Martin Eberhard and Marc Tarpenning, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.\n\nUnder Musk, Tesla established itself as the power player in the EV sector — its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.\nTesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.\nTesla has also weathered its share of controversies recently. Reuters reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council, a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.\nThe German IG Metall trade union also reported the Berlin Tesla plant is offering wages that are 20% below the collectively bargained wages offered at other German automakers.\nLast week,news percolated of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the National Highway Traffic Safety Administration(NHTSA) has sought data from all Tesla vehicles produced since 2014 to related to its Autopilot system, with the company’s self-driving cars having crashed into emergency vehicles at least 11 times.\nIn its most recent earnings report, the third-quarter data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.\nThe quarterly report acknowledged the performance could have been better.\n“A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”\nTesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.\nThe Verdict:More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.\nFirst, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.\nSecond, Ford has already produced a superior product. Last week,Consumer Reports judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.\nThird, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving Walmart and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.\nFourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of Steven Spielberg’s Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.\nMercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it — and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.\nMusk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.","news_type":1,"symbols_score_info":{"F":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874493914,"gmtCreate":1637807932663,"gmtModify":1637807932663,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874493914","repostId":"1127412420","repostType":4,"repost":{"id":"1127412420","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":1637766895,"share":"https://www.laohu8.com/m/news/1127412420?lang=zh_CN&edition=full","pubTime":"2021-11-24 23:14","market":"us","language":"en","title":"Mastercard shares rose nearly 1% in early trading<blockquote>万事达卡股价早盘上涨近1%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127412420","media":"Tiger Newspress","summary":"Mastercard shares rose nearly 1% in early trading.\nMastercard has acquired Arcus FI, an alum of the ","content":"<p>Mastercard&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/d4d967747245d09157c86522947b6132\" tg-width=\"874\" tg-height=\"599\" width=\"100%\" height=\"auto\"></p><p><blockquote>万事达卡股价早盘上涨近1%。</blockquote></p><p> Mastercard&nbsp;has&nbsp;acquired&nbsp;Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across&nbsp;Latin America.</p><p><blockquote>万事达卡收购了该公司Start Path计划的校友Arcus FI，以帮助支持在拉丁美洲交付账单支付解决方案和其他实时支付应用程序。</blockquote></p><p> Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the&nbsp;U.S.&nbsp;and&nbsp;Mexico, with expansion into&nbsp;Latin America.</p><p><blockquote>Arcus帮助美国和墨西哥一些最大的账单支付商、零售商、金融科技公司和传统金融机构实现账单支付和现金进出服务，并扩展到拉丁美洲。</blockquote></p><p> Arcus Pay Network, has access to the largest retailers and direct connection with many of the largest billers in&nbsp;Mexico.</p><p><blockquote>Arcus Pay Network可以接触到墨西哥最大的零售商，并与许多最大的账单机构直接联系。</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>Mastercard shares rose nearly 1% in early trading<blockquote>万事达卡股价早盘上涨近1%</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\">\nMastercard shares rose nearly 1% in early trading<blockquote>万事达卡股价早盘上涨近1%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-24 23:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Mastercard&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/d4d967747245d09157c86522947b6132\" tg-width=\"874\" tg-height=\"599\" width=\"100%\" height=\"auto\"></p><p><blockquote>万事达卡股价早盘上涨近1%。</blockquote></p><p> Mastercard&nbsp;has&nbsp;acquired&nbsp;Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across&nbsp;Latin America.</p><p><blockquote>万事达卡收购了该公司Start Path计划的校友Arcus FI，以帮助支持在拉丁美洲交付账单支付解决方案和其他实时支付应用程序。</blockquote></p><p> Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the&nbsp;U.S.&nbsp;and&nbsp;Mexico, with expansion into&nbsp;Latin America.</p><p><blockquote>Arcus帮助美国和墨西哥一些最大的账单支付商、零售商、金融科技公司和传统金融机构实现账单支付和现金进出服务，并扩展到拉丁美洲。</blockquote></p><p> Arcus Pay Network, has access to the largest retailers and direct connection with many of the largest billers in&nbsp;Mexico.</p><p><blockquote>Arcus Pay Network可以接触到墨西哥最大的零售商，并与许多最大的账单机构直接联系。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127412420","content_text":"Mastercard shares rose nearly 1% in early trading.\nMastercard has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America.\nArcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America.\nArcus Pay Network, has access to the largest retailers and direct connection with many of the largest billers in Mexico.","news_type":1,"symbols_score_info":{"MA":0.9}},"isVote":1,"tweetType":1,"viewCount":979,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874823715,"gmtCreate":1637759987959,"gmtModify":1637759987959,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099648462870340","idStr":"4099648462870340"},"themes":[],"htmlText":"Black friday sale?","listText":"Black friday sale?","text":"Black friday sale?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874823715","repostId":"1167601452","repostType":2,"repost":{"id":"1167601452","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":1637758939,"share":"https://www.laohu8.com/m/news/1167601452?lang=zh_CN&edition=full","pubTime":"2021-11-24 21:02","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167601452","media":"Tiger Newspress","summary":"U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors","content":"<p>U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors nervous about inflation and prospects for faster interest rate hikes heading into the Thanksgiving holiday.</p><p><blockquote>在一系列经济数据公布之前，美国股指期货周三下跌，投资者对通胀和感恩节假期前更快加息的前景感到紧张。</blockquote></p><p> At 8:00 a.m. ET, Dow E-minis were down 139 points, or 0.39%, S&amp;P 500 E-minis were down 14.25 points, or 0.3% and Nasdaq 100 E-minis were down 60.5 points, or 0.37%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌139点，跌幅0.39%，标普500 e-mini下跌14.25点，跌幅0.3%，纳斯达克100 e-mini下跌60.5点，跌幅0.37%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d32e4eb57564c92bb1540ead4bbf0293\" tg-width=\"561\" tg-height=\"180\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:00</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:00</span></p></blockquote></p><p> Most major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates. Bank of America&nbsp;and JPMorgan &amp; Chase&nbsp;led early losses with declines of about half a percent each.</p><p><blockquote>大多数华尔街主要银行在本周因利率上升的希望而上涨后也下跌。美国银行和摩根大通早盘领跌，跌幅均约为0.5%。</blockquote></p><p> Rising interest rates saw investors pull out of technology stocks, as they discount future earnings from the sector. The Nasdaq index(.IXIC)has slipped 1.8% so far this week.</p><p><blockquote>利率上升导致投资者撤出科技股，因为他们对该行业的未来收益进行了贴现。纳斯达克指数(.IXIC)本周迄今已下跌1.8%。</blockquote></p><p> Tech majors including Apple Inc&nbsp;and Microsoft Corp&nbsp;slipped about 0.5% each.</p><p><blockquote>苹果公司和微软公司等科技巨头均下跌约0.5%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/DE\">John Deere</a> (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts.&nbsp;Deere said solid demand for its products helped cushion the impact of a month-long workers strike.&nbsp;Deere rallied 3.7% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/DE\">约翰·Deere</a>这家农业设备制造商公布的季度收益为每股4.12美元，超过了市场普遍预期的3.90美元，尽管收入略低于分析师预期。Deere表示，对其产品的强劲需求有助于缓冲长达一个月的工人罢工的影响。Deere盘前上涨3.7%。</blockquote></p><p> <a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> (JWN) – Nordstrom plummeted 25% in premarket trading after it reported earnings of 39 cents per share for its latest quarter, shy of the 56 cent consensus estimate.&nbsp;The retailer was hurt by rising labor costs and inventory issues and said inventories were especially short in women’s apparel and shoes, where demand rebounded more strongly than it had expected.</p><p><blockquote><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a>（JWN）——诺德斯特龙在盘前交易中暴跌25%，此前该公司报告最近一个季度每股收益为39美分，低于市场普遍预期的56美分。该零售商受到劳动力成本上升和库存问题的影响，并表示女装和鞋类的库存尤其短缺，这些领域的需求反弹强于预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/GPS\">Gap</a> (GPS) – Gap reported adjusted quarterly profit of 27 cents per share, well short of the 50 cents analysts had been anticipating, and also cut its full-year forecast.&nbsp;The apparel retailer has been hit by higher costs for shipping, as well as extended factory closures in Vietnam where it sources about 30% of its products.&nbsp;Gap plunged 20% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/GPS\">差距</a>（GPS）——Gap报告调整后的季度利润为每股27美分，远低于分析师此前预期的50美分，并下调了全年预期。这家服装零售商受到了运输成本上升以及越南工厂长期关闭的打击，该公司约30%的产品来自越南。Gap在盘前交易中暴跌20%。</blockquote></p><p> <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> (BKNG) – The parent of Priceline and other online travel services is buying Swedish travel agency Etraveli from private equity firm CVC Capital for $1.83 billion.</p><p><blockquote><a href=\"https://laohu8.com/S/BKNG\">预订控股</a>(BKNG)-Priceline和其他在线旅游服务的母公司将以18.3亿美元从私募股权公司CVC Capital手中收购瑞典旅行社Etraveli。</blockquote></p><p> <a href=\"https://laohu8.com/S/VMW\">VMware</a> (VMW) – VMware beat forecasts by 18 cents with adjusted quarterly earnings of $1.72 per share. The software company also gave an upbeat current-quarter forecast amid growing global demand for cloud computing services.&nbsp;Nonetheless, the stock slid 2.6% in premarket action.</p><p><blockquote><a href=\"https://laohu8.com/S/VMW\">VMware</a>(VMW)-VMware调整后季度收益为每股1.72美元，超出预期18美分。由于全球对云计算服务的需求不断增长，该软件公司还对当前季度做出了乐观的预测。尽管如此，该股在盘前下跌了2.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/HPQ\">HP Inc</a> (HPQ) – HP Inc. came in 6 cents above consensus with adjusted quarterly profit of 94 cents per share, with the computer maker also issuing a strong outlook as consumer and business demand for personal computers and printers remains robust.&nbsp;HP jumped 5.6% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/HPQ\">惠普公司</a>（HPQ）——惠普公司调整后季度利润为每股94美分，比市场预期高出6美分，该电脑制造商还发布了强劲的前景，因为消费者和企业对个人电脑和打印机的需求仍然强劲。惠普在盘前交易中上涨5.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/DELL\">Dell Technologies Inc.</a> (DELL) – Dell reported adjusted quarterly earnings of $2.37 per share, beating the $2.18 consensus estimate, with Dell seeing strong demand for its personal computers and servers.&nbsp;Dell also issued a stronger than expected current-quarter forecast.&nbsp;Dell added about 2% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/DELL\">戴尔技术公司。</a>（戴尔）-戴尔报告调整后的季度收益为每股2.37美元，超过市场普遍预期的2.18美元，戴尔看到对其个人电脑和服务器的强劲需求。戴尔还发布了强于预期的当前季度预测。戴尔在盘前上涨了约2%。</blockquote></p><p> <a href=\"https://laohu8.com/S/PSTG\">Pure Storage</a> (PSTG) – Pure Storage surged 11.1% in premarket trading after beat estimates by 10 cents with adjusted quarterly profit of 22 cents per share.&nbsp;The maker of flash-based storage systems also issued a better-than-expected current-quarter revenue outlook.</p><p><blockquote><a href=\"https://laohu8.com/S/PSTG\">纯存储</a>(PSTG)-Pure Storage在盘前交易中飙升11.1%，超出预期10美分，调整后季度利润为每股22美分。这家基于闪存的存储系统制造商还发布了好于预期的本季度收入前景。</blockquote></p><p> <a href=\"https://laohu8.com/S/CVX\">Chevron</a> (CVX) – The energy producer was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which said Chevron has a relatively stable portfolio compared to its industry peers.</p><p><blockquote><a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>(CVX)-加拿大皇家银行资本市场(RBC Capital Markets)将这家能源生产商的评级从“行业表现”上调至“跑赢大盘”，该公司表示，与行业同行相比，雪佛龙拥有相对稳定的投资组合。</blockquote></p><p> <a href=\"https://laohu8.com/S/JACK\">Jack In The Box</a> (JACK) – The restaurant chain’s stock was downgraded to “hold” from “buy” at Stifel Financial, which points to a number of factors including weak comparable restaurant sales.&nbsp;Jack In The Box slid 3% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/JACK\">盒子里的杰克</a>（杰克）——Stifel Financial将这家连锁餐厅的股票评级从“买入”下调至“持有”，这指出了许多因素，包括可比餐厅销售疲软。Jack In The Box在盘前下跌了3%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-24 21:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors nervous about inflation and prospects for faster interest rate hikes heading into the Thanksgiving holiday.</p><p><blockquote>在一系列经济数据公布之前，美国股指期货周三下跌，投资者对通胀和感恩节假期前更快加息的前景感到紧张。</blockquote></p><p> At 8:00 a.m. ET, Dow E-minis were down 139 points, or 0.39%, S&amp;P 500 E-minis were down 14.25 points, or 0.3% and Nasdaq 100 E-minis were down 60.5 points, or 0.37%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌139点，跌幅0.39%，标普500 e-mini下跌14.25点，跌幅0.3%，纳斯达克100 e-mini下跌60.5点，跌幅0.37%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d32e4eb57564c92bb1540ead4bbf0293\" tg-width=\"561\" tg-height=\"180\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:00</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:00</span></p></blockquote></p><p> Most major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates. Bank of America&nbsp;and JPMorgan &amp; Chase&nbsp;led early losses with declines of about half a percent each.</p><p><blockquote>大多数华尔街主要银行在本周因利率上升的希望而上涨后也下跌。美国银行和摩根大通早盘领跌，跌幅均约为0.5%。</blockquote></p><p> Rising interest rates saw investors pull out of technology stocks, as they discount future earnings from the sector. The Nasdaq index(.IXIC)has slipped 1.8% so far this week.</p><p><blockquote>利率上升导致投资者撤出科技股，因为他们对该行业的未来收益进行了贴现。纳斯达克指数(.IXIC)本周迄今已下跌1.8%。</blockquote></p><p> Tech majors including Apple Inc&nbsp;and Microsoft Corp&nbsp;slipped about 0.5% each.</p><p><blockquote>苹果公司和微软公司等科技巨头均下跌约0.5%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/DE\">John Deere</a> (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts.&nbsp;Deere said solid demand for its products helped cushion the impact of a month-long workers strike.&nbsp;Deere rallied 3.7% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/DE\">约翰·Deere</a>这家农业设备制造商公布的季度收益为每股4.12美元，超过了市场普遍预期的3.90美元，尽管收入略低于分析师预期。Deere表示，对其产品的强劲需求有助于缓冲长达一个月的工人罢工的影响。Deere盘前上涨3.7%。</blockquote></p><p> <a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> (JWN) – Nordstrom plummeted 25% in premarket trading after it reported earnings of 39 cents per share for its latest quarter, shy of the 56 cent consensus estimate.&nbsp;The retailer was hurt by rising labor costs and inventory issues and said inventories were especially short in women’s apparel and shoes, where demand rebounded more strongly than it had expected.</p><p><blockquote><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a>（JWN）——诺德斯特龙在盘前交易中暴跌25%，此前该公司报告最近一个季度每股收益为39美分，低于市场普遍预期的56美分。该零售商受到劳动力成本上升和库存问题的影响，并表示女装和鞋类的库存尤其短缺，这些领域的需求反弹强于预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/GPS\">Gap</a> (GPS) – Gap reported adjusted quarterly profit of 27 cents per share, well short of the 50 cents analysts had been anticipating, and also cut its full-year forecast.&nbsp;The apparel retailer has been hit by higher costs for shipping, as well as extended factory closures in Vietnam where it sources about 30% of its products.&nbsp;Gap plunged 20% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/GPS\">差距</a>（GPS）——Gap报告调整后的季度利润为每股27美分，远低于分析师此前预期的50美分，并下调了全年预期。这家服装零售商受到了运输成本上升以及越南工厂长期关闭的打击，该公司约30%的产品来自越南。Gap在盘前交易中暴跌20%。</blockquote></p><p> <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> (BKNG) – The parent of Priceline and other online travel services is buying Swedish travel agency Etraveli from private equity firm CVC Capital for $1.83 billion.</p><p><blockquote><a href=\"https://laohu8.com/S/BKNG\">预订控股</a>(BKNG)-Priceline和其他在线旅游服务的母公司将以18.3亿美元从私募股权公司CVC Capital手中收购瑞典旅行社Etraveli。</blockquote></p><p> <a href=\"https://laohu8.com/S/VMW\">VMware</a> (VMW) – VMware beat forecasts by 18 cents with adjusted quarterly earnings of $1.72 per share. The software company also gave an upbeat current-quarter forecast amid growing global demand for cloud computing services.&nbsp;Nonetheless, the stock slid 2.6% in premarket action.</p><p><blockquote><a href=\"https://laohu8.com/S/VMW\">VMware</a>(VMW)-VMware调整后季度收益为每股1.72美元，超出预期18美分。由于全球对云计算服务的需求不断增长，该软件公司还对当前季度做出了乐观的预测。尽管如此，该股在盘前下跌了2.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/HPQ\">HP Inc</a> (HPQ) – HP Inc. came in 6 cents above consensus with adjusted quarterly profit of 94 cents per share, with the computer maker also issuing a strong outlook as consumer and business demand for personal computers and printers remains robust.&nbsp;HP jumped 5.6% in premarket trading.</p><p><blockquote><a href=\"https://laohu8.com/S/HPQ\">惠普公司</a>（HPQ）——惠普公司调整后季度利润为每股94美分，比市场预期高出6美分，该电脑制造商还发布了强劲的前景，因为消费者和企业对个人电脑和打印机的需求仍然强劲。惠普在盘前交易中上涨5.6%。</blockquote></p><p> <a href=\"https://laohu8.com/S/DELL\">Dell Technologies Inc.</a> (DELL) – Dell reported adjusted quarterly earnings of $2.37 per share, beating the $2.18 consensus estimate, with Dell seeing strong demand for its personal computers and servers.&nbsp;Dell also issued a stronger than expected current-quarter forecast.&nbsp;Dell added about 2% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/DELL\">戴尔技术公司。</a>（戴尔）-戴尔报告调整后的季度收益为每股2.37美元，超过市场普遍预期的2.18美元，戴尔看到对其个人电脑和服务器的强劲需求。戴尔还发布了强于预期的当前季度预测。戴尔在盘前上涨了约2%。</blockquote></p><p> <a href=\"https://laohu8.com/S/PSTG\">Pure Storage</a> (PSTG) – Pure Storage surged 11.1% in premarket trading after beat estimates by 10 cents with adjusted quarterly profit of 22 cents per share.&nbsp;The maker of flash-based storage systems also issued a better-than-expected current-quarter revenue outlook.</p><p><blockquote><a href=\"https://laohu8.com/S/PSTG\">纯存储</a>(PSTG)-Pure Storage在盘前交易中飙升11.1%，超出预期10美分，调整后季度利润为每股22美分。这家基于闪存的存储系统制造商还发布了好于预期的本季度收入前景。</blockquote></p><p> <a href=\"https://laohu8.com/S/CVX\">Chevron</a> (CVX) – The energy producer was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which said Chevron has a relatively stable portfolio compared to its industry peers.</p><p><blockquote><a href=\"https://laohu8.com/S/CVX\">雪佛龙</a>(CVX)-加拿大皇家银行资本市场(RBC Capital Markets)将这家能源生产商的评级从“行业表现”上调至“跑赢大盘”，该公司表示，与行业同行相比，雪佛龙拥有相对稳定的投资组合。</blockquote></p><p> <a href=\"https://laohu8.com/S/JACK\">Jack In The Box</a> (JACK) – The restaurant chain’s stock was downgraded to “hold” from “buy” at Stifel Financial, which points to a number of factors including weak comparable restaurant sales.&nbsp;Jack In The Box slid 3% in the premarket.</p><p><blockquote><a href=\"https://laohu8.com/S/JACK\">盒子里的杰克</a>（杰克）——Stifel Financial将这家连锁餐厅的股票评级从“买入”下调至“持有”，这指出了许多因素，包括可比餐厅销售疲软。Jack In The Box在盘前下跌了3%。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167601452","content_text":"U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors nervous about inflation and prospects for faster interest rate hikes heading into the Thanksgiving holiday.\nAt 8:00 a.m. ET, Dow E-minis were down 139 points, or 0.39%, S&P 500 E-minis were down 14.25 points, or 0.3% and Nasdaq 100 E-minis were down 60.5 points, or 0.37%.\n*Source From Tiger Trade, EST 08:00\nMost major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates. Bank of America and JPMorgan & Chase led early losses with declines of about half a percent each.\nRising interest rates saw investors pull out of technology stocks, as they discount future earnings from the sector. The Nasdaq index(.IXIC)has slipped 1.8% so far this week.\nTech majors including Apple Inc and Microsoft Corp slipped about 0.5% each.\nStocks making the biggest moves in the premarket:\nJohn Deere (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts. Deere said solid demand for its products helped cushion the impact of a month-long workers strike. Deere rallied 3.7% in the premarket.\nNordstrom (JWN) – Nordstrom plummeted 25% in premarket trading after it reported earnings of 39 cents per share for its latest quarter, shy of the 56 cent consensus estimate. The retailer was hurt by rising labor costs and inventory issues and said inventories were especially short in women’s apparel and shoes, where demand rebounded more strongly than it had expected.\nGap (GPS) – Gap reported adjusted quarterly profit of 27 cents per share, well short of the 50 cents analysts had been anticipating, and also cut its full-year forecast. The apparel retailer has been hit by higher costs for shipping, as well as extended factory closures in Vietnam where it sources about 30% of its products. Gap plunged 20% in premarket trading.\nBooking Holdings (BKNG) – The parent of Priceline and other online travel services is buying Swedish travel agency Etraveli from private equity firm CVC Capital for $1.83 billion.\nVMware (VMW) – VMware beat forecasts by 18 cents with adjusted quarterly earnings of $1.72 per share. The software company also gave an upbeat current-quarter forecast amid growing global demand for cloud computing services. Nonetheless, the stock slid 2.6% in premarket action.\nHP Inc (HPQ) – HP Inc. came in 6 cents above consensus with adjusted quarterly profit of 94 cents per share, with the computer maker also issuing a strong outlook as consumer and business demand for personal computers and printers remains robust. HP jumped 5.6% in premarket trading.\nDell Technologies Inc. (DELL) – Dell reported adjusted quarterly earnings of $2.37 per share, beating the $2.18 consensus estimate, with Dell seeing strong demand for its personal computers and servers. Dell also issued a stronger than expected current-quarter forecast. Dell added about 2% in the premarket.\nPure Storage (PSTG) – Pure Storage surged 11.1% in premarket trading after beat estimates by 10 cents with adjusted quarterly profit of 22 cents per share. The maker of flash-based storage systems also issued a better-than-expected current-quarter revenue outlook.\nChevron (CVX) – The energy producer was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which said Chevron has a relatively stable portfolio compared to its industry peers.\nJack In The Box (JACK) – The restaurant chain’s stock was downgraded to “hold” from “buy” at Stifel Financial, which points to a number of factors including weak comparable restaurant sales. Jack In The Box slid 3% in the premarket.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":690912515,"gmtCreate":1639621076469,"gmtModify":1639621076597,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Finally green","listText":"Finally green","text":"Finally green","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/690912515","repostId":"2191994940","repostType":4,"isVote":1,"tweetType":1,"viewCount":3749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600300827,"gmtCreate":1638062115657,"gmtModify":1638062115754,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Most likely travel get restricted again since new variations found in Africa.","listText":"Most likely travel get restricted again since new variations found in Africa.","text":"Most likely travel get restricted again since new variations found in Africa.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600300827","repostId":"2186340224","repostType":4,"isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606634207,"gmtCreate":1638869301942,"gmtModify":1638869302071,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Fake bullish?","listText":"Fake bullish?","text":"Fake bullish?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606634207","repostId":"1151884429","repostType":2,"repost":{"id":"1151884429","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":1638868922,"share":"https://www.laohu8.com/m/news/1151884429?lang=zh_CN&edition=full","pubTime":"2021-12-07 17:22","market":"us","language":"en","title":"Hot Chinese ADRs continued to rise in premarket trading<blockquote>热门中国ADR在盘前交易中继续上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151884429","media":"Tiger Newspress","summary":"Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,X","content":"<p><html><head></head><body>Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.</p><p><blockquote><html><head></head><body>热门的中国ADR在盘前交易中继续上涨。阿里巴巴、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴出行、哔哩哔哩和贝壳控股上涨2%至5%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/b340dc1d1b4788055f15180e47c23cfb\" tg-width=\"404\" tg-height=\"664\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></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\" 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class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 17:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.</p><p><blockquote><html><head></head><body>热门的中国ADR在盘前交易中继续上涨。阿里巴巴、京东、拼多多、百度、网易、蔚来、小鹏汽车、理想汽车、滴滴出行、哔哩哔哩和贝壳控股上涨2%至5%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/b340dc1d1b4788055f15180e47c23cfb\" tg-width=\"404\" tg-height=\"664\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></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":{"NIO":"蔚来","XPEV":"小鹏汽车","BIDU":"百度","JD":"京东","BABA":"阿里巴巴","BEKE":"贝壳","BILI":"哔哩哔哩","DIDI":"滴滴(已退市)","PDD":"拼多多","LI":"理想汽车","NTES":"网易"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151884429","content_text":"Hot Chinese ADRs continued to rise in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and KE Holdings climbed between 2% and 5%.","news_type":1,"symbols_score_info":{"BABA":0.9,"JD":0.9,"LI":0.9,"NTES":0.9,"NIO":0.9,"BILI":0.9,"DIDI":0.9,"XPEV":0.9,"BEKE":0.9,"PDD":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":4318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874811063,"gmtCreate":1637755497220,"gmtModify":1637755497220,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874811063","repostId":"1119660582","repostType":2,"isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600455587,"gmtCreate":1638192335662,"gmtModify":1638192335770,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"I see light at the end of tunnel. However, thetunnel never end","listText":"I see light at the end of tunnel. However, thetunnel never end","text":"I see light at the end of tunnel. However, thetunnel never end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600455587","repostId":"1115824573","repostType":2,"repost":{"id":"1115824573","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":1638191842,"share":"https://www.laohu8.com/m/news/1115824573?lang=zh_CN&edition=full","pubTime":"2021-11-29 21:17","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115824573","media":"Tiger Newspress","summary":"U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-dr","content":"<p>U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.</p><p><blockquote>美国股指期货周一跳涨，因投资者在等待有关奥密克戎冠状病毒变种严重程度的更多细节的同时，纷纷涌入，利用病毒造成的急剧损失。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&amp;P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.</p><p><blockquote>美国东部时间上午8:00，道琼斯电子迷你指数上涨226点，涨幅0.65%。标普500 e-mini上涨37点，涨幅0.81%，纳斯达克100 e-mini上涨148.75点，涨幅0.93%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e047384eb051a409672b8ce439d9f38\" tg-width=\"1080\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.</p><p><blockquote>在该变种的消息引发全球抛售后，华尔街指数周五下跌2%至3.5%，因为各国担心该变种可能会抵制疫苗接种并颠覆新生的经济重新开放，因此推出了新的旅行限制措施。</blockquote></p><p> President Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.</p><p><blockquote>白宫表示，总统乔·拜登将于当天晚些时候向公众通报该变种的最新情况以及美国的反应。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna</b>&nbsp;— Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna&nbsp;could roll out a reformulated vaccine&nbsp;against the omicron variant of Covid early next year.</p><p><blockquote><b>现代</b>–这家疫苗制造商的股价继续上涨，继周五上涨20%后，周一早盘上涨超过10%。周日，该公司首席医疗官表示，Moderna可能会在明年初推出一种针对新冠病毒奥密克戎变种的重新配方疫苗。</blockquote></p><p> <b>Li Auto</b> —&nbsp;U.S.-listed shares of Li Auto rose 8.5%&nbsp;in premarket trading. Li Auto&nbsp;reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.</p><p><blockquote><b>理想汽车</b>-理想汽车在美国上市的股票在盘前交易中上涨8.5%。理想汽车公布的调整后每股收益为3美分，销售额为12.1亿美元。华尔街预计销售额为11.3亿美元，亏损3美分。在这一点上，对于李来说，盈利没有销售额重要。公司仍在快速增长。第三季度销售额同比增长超过209%。</blockquote></p><p> <b>Tesla</b>&nbsp;—&nbsp;The German automotive news outlet Automobilwoche&nbsp;reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla&nbsp;shares&nbsp;rallied&nbsp;1.5%&nbsp;in premarket trading.</p><p><blockquote><b>特斯拉</b>-德国汽车新闻媒体Automobilwoche周一报道，特斯拉在德国的新制造工厂将于12月投产。特斯拉股价在盘前交易中上涨1.</blockquote></p><p> <b>Apple</b>&nbsp;—&nbsp;Apple&nbsp;rose 1.5% after HSBC raised its price target on the iPhone maker's stock.</p><p><blockquote><b>苹果</b>–汇丰银行上调iPhone制造商股票目标价后，苹果股价上涨1.5%。</blockquote></p><p> <b>Airlines</b> — Major airlines ticked up as investors bought the dip following&nbsp;new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta&nbsp;and&nbsp;American Airlines&nbsp;each gained about 1%, after losing about 7% Friday. Travel booking site&nbsp;Expedia&nbsp;also rose, about 2%.</p><p><blockquote><b>航空公司</b>-亚洲和欧洲因新发现的Covid-19奥密克戎变种而暂停旅行后，投资者逢低买入，主要航空公司股价上涨。美联航、达美航空和美国航空各上涨约1%，周五下跌约7%。旅游预订网站Expedia也上涨，约2%。</blockquote></p><p> <b>Cruise lines</b> —Carnival,Royal Caribbean Cruises&nbsp;and&nbsp;Norwegian Cruise Line Holdings&nbsp;each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.</p><p><blockquote><b>邮轮公司</b>-嘉年华、皇家加勒比邮轮和挪威邮轮控股公司均上涨超过3%，旅游股从周五奥密克戎推动的抛售中普遍反弹。</blockquote></p><p> <b>Allbirds</b>— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.</p><p><blockquote><b>全鸟</b>-在几位分析师开始关注该股后，该鞋类制造商的股价上涨2.5%。摩根士丹利和美国银行均将目标价定为23美元，这意味着较周五收盘价上涨16%。</blockquote></p><p> <b>Coinbase</b>— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with&nbsp;Microstrategy&nbsp;rising 3.4%.Tesla&nbsp;and&nbsp;Square&nbsp;added more than 1%.</p><p><blockquote><b>Coinbase</b>–在周五与大盘一起抛售后，随着比特币价格反弹，加密货币交易所股价上涨超过2%。其他加密货币相关股票也有所上涨，Microstrategy上涨3.4%。特斯拉和Square上涨超过1%。</blockquote></p><p> <b>Zoom Video</b>— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including&nbsp;Peloton,Netflix&nbsp;and&nbsp;Teladoc.</p><p><blockquote><b>Zoom Video</b>-继周五上涨5.7%后，Zoom股价下跌近2%，走势与旅游股相反。周一上午，其他居家股票也小幅下跌，包括Peloton、Netflix和Teladoc。</blockquote></p><p> <b>Merck</b>— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.</p><p><blockquote><b>默克</b>-花旗将其股票评级从买入下调至中性，称该公司艾滋病毒药物islatravir的开发困难将损害默克的长期潜力，该制药公司股价下跌1.8%。</blockquote></p><p> <b>Wynn Resorts,Las Vegas Sands</b>— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn&nbsp;fell 1.9% and&nbsp;Las Vegas Sands&nbsp;fell 1.2%</p><p><blockquote><b>拉斯维加斯金沙永利度假村</b>-据《南华早报》报道，澳门最大赌场中介运营商负责人Alvin Chau和其他10人因涉嫌针对中国大陆的非法赌博平台而被捕，澳门博彩业走低。永利下跌1.9%，拉斯维加斯金沙下跌1.2%</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 21:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.</p><p><blockquote>美国股指期货周一跳涨，因投资者在等待有关奥密克戎冠状病毒变种严重程度的更多细节的同时，纷纷涌入，利用病毒造成的急剧损失。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&amp;P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.</p><p><blockquote>美国东部时间上午8:00，道琼斯电子迷你指数上涨226点，涨幅0.65%。标普500 e-mini上涨37点，涨幅0.81%，纳斯达克100 e-mini上涨148.75点，涨幅0.93%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e047384eb051a409672b8ce439d9f38\" tg-width=\"1080\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.</p><p><blockquote>在该变种的消息引发全球抛售后，华尔街指数周五下跌2%至3.5%，因为各国担心该变种可能会抵制疫苗接种并颠覆新生的经济重新开放，因此推出了新的旅行限制措施。</blockquote></p><p> President Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.</p><p><blockquote>白宫表示，总统乔·拜登将于当天晚些时候向公众通报该变种的最新情况以及美国的反应。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna</b>&nbsp;— Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna&nbsp;could roll out a reformulated vaccine&nbsp;against the omicron variant of Covid early next year.</p><p><blockquote><b>现代</b>–这家疫苗制造商的股价继续上涨，继周五上涨20%后，周一早盘上涨超过10%。周日，该公司首席医疗官表示，Moderna可能会在明年初推出一种针对新冠病毒奥密克戎变种的重新配方疫苗。</blockquote></p><p> <b>Li Auto</b> —&nbsp;U.S.-listed shares of Li Auto rose 8.5%&nbsp;in premarket trading. Li Auto&nbsp;reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.</p><p><blockquote><b>理想汽车</b>-理想汽车在美国上市的股票在盘前交易中上涨8.5%。理想汽车公布的调整后每股收益为3美分，销售额为12.1亿美元。华尔街预计销售额为11.3亿美元，亏损3美分。在这一点上，对于李来说，盈利没有销售额重要。公司仍在快速增长。第三季度销售额同比增长超过209%。</blockquote></p><p> <b>Tesla</b>&nbsp;—&nbsp;The German automotive news outlet Automobilwoche&nbsp;reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla&nbsp;shares&nbsp;rallied&nbsp;1.5%&nbsp;in premarket trading.</p><p><blockquote><b>特斯拉</b>-德国汽车新闻媒体Automobilwoche周一报道，特斯拉在德国的新制造工厂将于12月投产。特斯拉股价在盘前交易中上涨1.</blockquote></p><p> <b>Apple</b>&nbsp;—&nbsp;Apple&nbsp;rose 1.5% after HSBC raised its price target on the iPhone maker's stock.</p><p><blockquote><b>苹果</b>–汇丰银行上调iPhone制造商股票目标价后，苹果股价上涨1.5%。</blockquote></p><p> <b>Airlines</b> — Major airlines ticked up as investors bought the dip following&nbsp;new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta&nbsp;and&nbsp;American Airlines&nbsp;each gained about 1%, after losing about 7% Friday. Travel booking site&nbsp;Expedia&nbsp;also rose, about 2%.</p><p><blockquote><b>航空公司</b>-亚洲和欧洲因新发现的Covid-19奥密克戎变种而暂停旅行后，投资者逢低买入，主要航空公司股价上涨。美联航、达美航空和美国航空各上涨约1%，周五下跌约7%。旅游预订网站Expedia也上涨，约2%。</blockquote></p><p> <b>Cruise lines</b> —Carnival,Royal Caribbean Cruises&nbsp;and&nbsp;Norwegian Cruise Line Holdings&nbsp;each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.</p><p><blockquote><b>邮轮公司</b>-嘉年华、皇家加勒比邮轮和挪威邮轮控股公司均上涨超过3%，旅游股从周五奥密克戎推动的抛售中普遍反弹。</blockquote></p><p> <b>Allbirds</b>— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.</p><p><blockquote><b>全鸟</b>-在几位分析师开始关注该股后，该鞋类制造商的股价上涨2.5%。摩根士丹利和美国银行均将目标价定为23美元，这意味着较周五收盘价上涨16%。</blockquote></p><p> <b>Coinbase</b>— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with&nbsp;Microstrategy&nbsp;rising 3.4%.Tesla&nbsp;and&nbsp;Square&nbsp;added more than 1%.</p><p><blockquote><b>Coinbase</b>–在周五与大盘一起抛售后，随着比特币价格反弹，加密货币交易所股价上涨超过2%。其他加密货币相关股票也有所上涨，Microstrategy上涨3.4%。特斯拉和Square上涨超过1%。</blockquote></p><p> <b>Zoom Video</b>— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including&nbsp;Peloton,Netflix&nbsp;and&nbsp;Teladoc.</p><p><blockquote><b>Zoom Video</b>-继周五上涨5.7%后，Zoom股价下跌近2%，走势与旅游股相反。周一上午，其他居家股票也小幅下跌，包括Peloton、Netflix和Teladoc。</blockquote></p><p> <b>Merck</b>— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.</p><p><blockquote><b>默克</b>-花旗将其股票评级从买入下调至中性，称该公司艾滋病毒药物islatravir的开发困难将损害默克的长期潜力，该制药公司股价下跌1.8%。</blockquote></p><p> <b>Wynn Resorts,Las Vegas Sands</b>— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn&nbsp;fell 1.9% and&nbsp;Las Vegas Sands&nbsp;fell 1.2%</p><p><blockquote><b>拉斯维加斯金沙永利度假村</b>-据《南华早报》报道，澳门最大赌场中介运营商负责人Alvin Chau和其他10人因涉嫌针对中国大陆的非法赌博平台而被捕，澳门博彩业走低。永利下跌1.9%，拉斯维加斯金沙下跌1.2%</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LVS":"金沙集团","UAL":"联合大陆航空","NCLH":"挪威邮轮","AAPL":"苹果","MRK":"默沙东","TSLA":"特斯拉","CCL":"嘉年华邮轮",".DJI":"道琼斯","AAL":"美国航空","LI":"理想汽车","BIRD":"Allbirds, Inc.","RCL":"皇家加勒比邮轮","COIN":"Coinbase Global, Inc.","DAL":"达美航空",".IXIC":"NASDAQ Composite","MRNA":"Moderna, Inc.","WYNN":"永利度假村",".SPX":"S&P 500 Index","ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115824573","content_text":"U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.\nAt 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.\n\nWall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.\nPresident Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.\nStocks making the biggest moves premarket:\nModerna — Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.\nLi Auto — U.S.-listed shares of Li Auto rose 8.5% in premarket trading. Li Auto reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.\nTesla — The German automotive news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla shares rallied 1.5% in premarket trading.\nApple — Apple rose 1.5% after HSBC raised its price target on the iPhone maker's stock.\nAirlines — Major airlines ticked up as investors bought the dip following new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta and American Airlines each gained about 1%, after losing about 7% Friday. Travel booking site Expedia also rose, about 2%.\nCruise lines —Carnival,Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.\nAllbirds— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.\nCoinbase— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with Microstrategy rising 3.4%.Tesla and Square added more than 1%.\nZoom Video— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including Peloton,Netflix and Teladoc.\nMerck— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.\nWynn Resorts,Las Vegas Sands— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn fell 1.9% and Las Vegas Sands fell 1.2%","news_type":1,"symbols_score_info":{"TSLA":0.9,".IXIC":0.9,"MRNA":0.9,"BIRD":0.9,"DAL":0.9,"COIN":0.9,".DJI":0.9,"YMmain":0.9,"NCLH":0.9,"WYNN":0.9,"AAL":0.9,"ZM":0.9,"LVS":0.9,"ESmain":0.9,"RCL":0.9,"MRK":0.9,"CCL":0.9,"UAL":0.9,"AAPL":0.9,"NQmain":0.9,".SPX":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607016207,"gmtCreate":1639456758354,"gmtModify":1639456758459,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607016207","repostId":"1174933722","repostType":4,"repost":{"id":"1174933722","kind":"news","pubTimestamp":1639452484,"share":"https://www.laohu8.com/m/news/1174933722?lang=zh_CN&edition=full","pubTime":"2021-12-14 11:28","market":"us","language":"en","title":"2 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174933722","media":"Motley Fool","summary":"The metaverse could be the most transformative technology of your lifetime.","content":"<p>The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.</p><p><blockquote>元宇宙是一个模糊的概念，一项尚未完全定义的技术。但核心概念很简单：元宇宙将是一个共享的虚拟世界，融合了社交媒体、视频游戏和互联网的各个方面。它将允许人们参与内容，相互互动，体验几乎任何事情。这项技术的潜在影响是巨大的。</blockquote></p><p> Venture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion&nbsp;market opportunity 10 years down the road. And&nbsp;<b>Nvidia</b>&nbsp;CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion&nbsp;real-world economy.</p><p><blockquote>风险投资家Matthew Ball最近给元宇宙贴上了价格标签，估计10年后这可能是一个价值30万亿美元的市场机会。和<b>英伟达</b>首席执行官黄仁勋更加大胆，预测元宇宙经济最终可能超过80万亿美元的现实世界经济。</blockquote></p><p> Not surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and&nbsp;<b>Adobe Systems</b>&nbsp;looks like a great way to do just that.&nbsp;Here's why.</p><p><blockquote>毫不奇怪，许多投资者正在寻找利用这一趋势的方法，并购买了一些英伟达和<b>Adobe系统</b>看起来是个很好的方法。原因如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd705043d0678fb6d8bad5d9d7b0fbef\" tg-width=\"2000\" tg-height=\"1333\" 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. Nvidia</b></p><p><blockquote><b>1.英伟达</b></blockquote></p><p> Nvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry&nbsp;dominated by Nvidia.</p><p><blockquote>英伟达因发明图形处理单元（GPU）而闻名，这是一种能够快速处理大量数据的芯片。在过去的二十年里，GPU彻底改变了计算机图形学，Nvidia已将其技术确立为视频游戏行业的黄金标准。然而，这些芯片也成为了数据中心加速计算的基石，这是英伟达主导的另一个行业。</blockquote></p><p> Not surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64%&nbsp;to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as&nbsp;free cash flow&nbsp;rocketed 69% to $7.2 billion.</p><p><blockquote>毫不奇怪，这家芯片制造商已经养成了公布令人印象深刻的财务业绩的习惯。在英伟达游戏、数据中心和图形业务的推动下，过去一年的收入飙升了64%，达到243亿美元。其利润增长更快，自由现金流猛增69%，达到72亿美元。</blockquote></p><p> In the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like&nbsp;<b>Unity</b>'s&nbsp;game engine&nbsp;and Adobe Substance 3D.</p><p><blockquote>未来几年，英伟达在图形和加速计算方面的专业知识应该会使其成为塑造元宇宙的关键参与者。它最近推出的Omniverse套件只会让这种可能性更大。具体来说，Omniverse是一个GPU驱动的3D开发平台，允许创作者跨各种3D设计软件进行实时协作。其中包括以下产品<b>团结</b>的游戏引擎和Adobe Substance 3D。</blockquote></p><p> More recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.</p><p><blockquote>最近，Nvidia发布了Omniverse Avatar，这是一个创建人工智能驱动的化身（数字机器人）的平台，可以像真人一样思考、理解和互动。这很重要，因为元宇宙可能会充满非玩家角色(NPC)，这个术语通常指的是不受游戏玩家控制的视频游戏角色。这些NPC会让元宇宙感觉更像现实世界，而英伟达的技术看起来非常适合。</blockquote></p><p> <b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p> Adobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop&nbsp;for image editing, Premiere Pro&nbsp;for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.</p><p><blockquote>Adobe将其产品组合分为三个软件云：创意、数字文档和客户体验。Creative Cloud可能是最知名的，它拥有用于图像编辑的Photoshop、用于视频编辑的Premiere Pro和用于电影特效的After Effects等工具，这三种工具都是市场领先的产品。同样，Adobe的许多文档云应用程序也已成为行业标准，例如用于PDF管理的Acrobat。</blockquote></p><p> The other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on&nbsp;artificial intelligence&nbsp;to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company&nbsp;<b>Gartner</b>&nbsp;has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.</p><p><blockquote>Adobe业务的另一部分是Experience Cloud，这是一套用于分析、营销和商业的软件和服务。这些工具依靠人工智能来帮助企业收集数据、定位内容，并通过移动应用程序、网站和其他数字渠道个性化客户旅程。研究公司<b>Gartner</b>已将Adobe视为数字体验行业的领导者，并将其管理客户数据和个性化内容的能力视为关键差异化因素。</blockquote></p><p> Not surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.</p><p><blockquote>毫不奇怪，Adobe的一流产品阵容一直是强大的增长动力。过去一年，收入增长21%至151亿美元，自由现金流飙升34%至66亿美元。此外，该公司处于有利地位，可以保持这一势头，因为其产品组合中的许多产品都与元宇宙相关，尤其是Creative Cloud和Experience Cloud套件。</blockquote></p><p> For instance, Adobe Substance&nbsp;3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential&nbsp;to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.</p><p><blockquote>例如，Adobe Substance 3D是一个用于创建、暂存和纹理化3D内容的平台。Substance 3D对于大多数视频游戏和视觉效果工作流程来说已经是必不可少的，它应该是在元宇宙中创建虚拟内容的宝贵资源。</blockquote></p><p> Likewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.</p><p><blockquote>同样，元宇宙经济可能会反映现实世界的经济，这意味着消费者将能够购物、参加活动和玩游戏。换句话说，提供高质量的体验在虚拟世界中和在现实世界中一样重要。Adobe的分析、营销和商务工具完全符合这一要求。</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 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</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 Top Metaverse Stocks to Buy and Hold for the Next Decade<blockquote>未来十年最值得购买和持有的2只元宇宙股票</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\">2021-12-14 11:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.</p><p><blockquote>元宇宙是一个模糊的概念，一项尚未完全定义的技术。但核心概念很简单：元宇宙将是一个共享的虚拟世界，融合了社交媒体、视频游戏和互联网的各个方面。它将允许人们参与内容，相互互动，体验几乎任何事情。这项技术的潜在影响是巨大的。</blockquote></p><p> Venture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion&nbsp;market opportunity 10 years down the road. And&nbsp;<b>Nvidia</b>&nbsp;CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion&nbsp;real-world economy.</p><p><blockquote>风险投资家Matthew Ball最近给元宇宙贴上了价格标签，估计10年后这可能是一个价值30万亿美元的市场机会。和<b>英伟达</b>首席执行官黄仁勋更加大胆，预测元宇宙经济最终可能超过80万亿美元的现实世界经济。</blockquote></p><p> Not surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and&nbsp;<b>Adobe Systems</b>&nbsp;looks like a great way to do just that.&nbsp;Here's why.</p><p><blockquote>毫不奇怪，许多投资者正在寻找利用这一趋势的方法，并购买了一些英伟达和<b>Adobe系统</b>看起来是个很好的方法。原因如下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd705043d0678fb6d8bad5d9d7b0fbef\" tg-width=\"2000\" tg-height=\"1333\" 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. Nvidia</b></p><p><blockquote><b>1.英伟达</b></blockquote></p><p> Nvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry&nbsp;dominated by Nvidia.</p><p><blockquote>英伟达因发明图形处理单元（GPU）而闻名，这是一种能够快速处理大量数据的芯片。在过去的二十年里，GPU彻底改变了计算机图形学，Nvidia已将其技术确立为视频游戏行业的黄金标准。然而，这些芯片也成为了数据中心加速计算的基石，这是英伟达主导的另一个行业。</blockquote></p><p> Not surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64%&nbsp;to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as&nbsp;free cash flow&nbsp;rocketed 69% to $7.2 billion.</p><p><blockquote>毫不奇怪，这家芯片制造商已经养成了公布令人印象深刻的财务业绩的习惯。在英伟达游戏、数据中心和图形业务的推动下，过去一年的收入飙升了64%，达到243亿美元。其利润增长更快，自由现金流猛增69%，达到72亿美元。</blockquote></p><p> In the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like&nbsp;<b>Unity</b>'s&nbsp;game engine&nbsp;and Adobe Substance 3D.</p><p><blockquote>未来几年，英伟达在图形和加速计算方面的专业知识应该会使其成为塑造元宇宙的关键参与者。它最近推出的Omniverse套件只会让这种可能性更大。具体来说，Omniverse是一个GPU驱动的3D开发平台，允许创作者跨各种3D设计软件进行实时协作。其中包括以下产品<b>团结</b>的游戏引擎和Adobe Substance 3D。</blockquote></p><p> More recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.</p><p><blockquote>最近，Nvidia发布了Omniverse Avatar，这是一个创建人工智能驱动的化身（数字机器人）的平台，可以像真人一样思考、理解和互动。这很重要，因为元宇宙可能会充满非玩家角色(NPC)，这个术语通常指的是不受游戏玩家控制的视频游戏角色。这些NPC会让元宇宙感觉更像现实世界，而英伟达的技术看起来非常适合。</blockquote></p><p> <b>2. Adobe Systems</b></p><p><blockquote><b>2.Adobe系统</b></blockquote></p><p> Adobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop&nbsp;for image editing, Premiere Pro&nbsp;for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.</p><p><blockquote>Adobe将其产品组合分为三个软件云：创意、数字文档和客户体验。Creative Cloud可能是最知名的，它拥有用于图像编辑的Photoshop、用于视频编辑的Premiere Pro和用于电影特效的After Effects等工具，这三种工具都是市场领先的产品。同样，Adobe的许多文档云应用程序也已成为行业标准，例如用于PDF管理的Acrobat。</blockquote></p><p> The other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on&nbsp;artificial intelligence&nbsp;to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company&nbsp;<b>Gartner</b>&nbsp;has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.</p><p><blockquote>Adobe业务的另一部分是Experience Cloud，这是一套用于分析、营销和商业的软件和服务。这些工具依靠人工智能来帮助企业收集数据、定位内容，并通过移动应用程序、网站和其他数字渠道个性化客户旅程。研究公司<b>Gartner</b>已将Adobe视为数字体验行业的领导者，并将其管理客户数据和个性化内容的能力视为关键差异化因素。</blockquote></p><p> Not surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.</p><p><blockquote>毫不奇怪，Adobe的一流产品阵容一直是强大的增长动力。过去一年，收入增长21%至151亿美元，自由现金流飙升34%至66亿美元。此外，该公司处于有利地位，可以保持这一势头，因为其产品组合中的许多产品都与元宇宙相关，尤其是Creative Cloud和Experience Cloud套件。</blockquote></p><p> For instance, Adobe Substance&nbsp;3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential&nbsp;to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.</p><p><blockquote>例如，Adobe Substance 3D是一个用于创建、暂存和纹理化3D内容的平台。Substance 3D对于大多数视频游戏和视觉效果工作流程来说已经是必不可少的，它应该是在元宇宙中创建虚拟内容的宝贵资源。</blockquote></p><p> Likewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.</p><p><blockquote>同样，元宇宙经济可能会反映现实世界的经济，这意味着消费者将能够购物、参加活动和玩游戏。换句话说，提供高质量的体验在虚拟世界中和在现实世界中一样重要。Adobe的分析、营销和商务工具完全符合这一要求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/\">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","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174933722","content_text":"The metaverse is a nebulous idea, a technology that's not yet fully defined. But the core concept is simple: The metaverse will be a shared virtual world, blending aspects of social media, video games, and the internet. It will allow people to engage with content, interact with each other, and experience almost anything. The potential implications of that technology are tremendous.\nVenture capitalist Matthew Ball recently put a price tag on the metaverse, estimating that it could be a $30 trillion market opportunity 10 years down the road. And Nvidia CEO Jensen Huang has been even bolder, forecasting that the metaverse economy could eventually surpass the $80 trillion real-world economy.\nNot surprisingly, many investors are looking for ways tocash in on this trend, and buying a few shares of Nvidia and Adobe Systems looks like a great way to do just that. Here's why.\nImage source: Getty Images.\n1. Nvidia\nNvidia is best known for inventing the graphics processing unit (GPU), a chip capable of processing a tremendous amount of data quickly. Over the last two decades, GPUs have revolutionized computer graphics, and Nvidia has established its technology as the gold standard in the video game industry. However, those chips have also become the cornerstone of accelerated computing in data centers, another industry dominated by Nvidia.\nNot surprisingly, the chipmaker has made a habit of posting impressive financial results. Revenue soared 64% to $24.3 billion over the past year, supercharged by Nvidia's gaming, data center, and graphics businesses. Its bottom line grew even faster, as free cash flow rocketed 69% to $7.2 billion.\nIn the coming years, Nvidia's expertise in graphics and accelerated computing should make it a key player in shaping the metaverse. Its recent launch of the Omniverse suite only makes that more likely. Specifically, Omniverse is a GPU-powered 3D development platform that allows creators to collaborate in real time across a variety of 3D design software. That includes products like Unity's game engine and Adobe Substance 3D.\nMore recently, Nvidia released Omniverse Avatar, a platform for creating artifical-intelligence-powered avatars (digital automatons) that can think, understand, and interact like real people. That's important because the metaverse will likely be full of non-player characters (NPCs), a term that typically refers to video game characters not controlled by the gamer. Those NPCs will make the metaverse feel more like the real world, and Nvidia's technology looks like a perfect fit.\n2. Adobe Systems\nAdobe breaks its portfolio into three software clouds: Creativity, digital documents, and customer experience. Creative Cloud is perhaps the best known, featuring tools like Photoshop for image editing, Premiere Pro for video editing, and After Effects for cinematic special effects, all three of which are market-leading products. Likewise, many of Adobe's Document Cloud applications have also become industry standards, such as Acrobat for PDF management.\nThe other piece of Adobe's business is Experience Cloud, a suite of software and services for analytics, marketing, and commerce. Those tools lean on artificial intelligence to help businesses collect data, target content, and personalize the customer journey across mobile apps, websites, and other digital channels. Research company Gartner has recognized Adobe as a leader in the digital experience industry, citing its capacity to manage customer data and personalize content as key differentiators.\nNot surprisingly, Adobe's lineup of best-in-class products has been a powerful growth driver. Over the past year, revenue rose 21% to $15.1 billion, and free cash flow surged 34% to $6.6 billion. Moreover, the company is well positioned to maintain that momentum, as many products in its portfolio are relevant to the metaverse, especially in the Creative Cloud and Experience Cloud suites.\nFor instance, Adobe Substance 3D is a platform for creating, staging, and texturizing 3D content. Substance 3D is already essential to most video game and visual effects workflows, and it should be a valuable resource in creating the virtual content within the metaverse.\nLikewise, the metaverse economy will likely mirror the real-world economy, meaning consumers will be able to shop, attend events, and play games. In other words, providing a high-quality experience will be just as critical in a virtual world as it is in the real world. And Adobe's tools for analytics, marketing, and commerce fit that bill perfectly.","news_type":1,"symbols_score_info":{"NVDA":0.9,"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607019900,"gmtCreate":1639455990147,"gmtModify":1639455990248,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Well i must wait&nbsp;longer until it start up again","listText":"Well i must wait&nbsp;longer until it start up again","text":"Well i must wait longer until it start up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607019900","repostId":"1120286910","repostType":4,"repost":{"id":"1120286910","kind":"news","pubTimestamp":1639453388,"share":"https://www.laohu8.com/m/news/1120286910?lang=zh_CN&edition=full","pubTime":"2021-12-14 11:43","market":"us","language":"en","title":"PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120286910","media":"Seeking Alpha","summary":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI wa","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌超过-35%，而且该股仍然不便宜。</li><li>我早在2021年2月就警告投资者，PayPal的估值被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股在未来3年内仍有超过-50%的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，因此我分析该股票以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在2021年2月6日，我就制作了一段视频，与投资者分享了为什么PayPal(PYPL)股票被高估到足以出售。我在我的Seeking Alpha bloghere上分享了该视频。自那时以来，PayPal的绝对表现和相对于标普500（SPDR标普500指数ETF）的表现都很差。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我向投资者发出警告以来，该股股价已下跌约-30%，较今年的高点下跌约-38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有问题的案例。没有什么不好的故事可讲。这个价格被高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙事。当时的数字没有意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这应该是中长线投资者的重要一课。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难的是投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑天生就是这样。自从我分享了我看跌的2月份PayPal视频以来，Seeking Alpha上报道PayPal的62篇文章中，没有一篇“看跌”文章。主要原因是PayPal的叙述如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不现实。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我目前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际的情况下购买的价格。这与我在2021年2月用来确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和商业回报。然后，我将这些预期回报以10年复合年增长率预期的形式组合在一起，并用它来评估股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益1）没有足够长的历史2）本质上不稳定，或者3）周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明显的长期增长模式，它使该股票作为长期投资非常有吸引力。自2015年以来，没有出现过任何盈利负增长的年份，因此该股票可能非常适合我将要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长、更持久的经济衰退期间，PayPal的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察eBay(EBAY)在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现过负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，尽管我们没有PayPal“正常”衰退的硬历史数据，但我仍将继续进行全周期盈利分析。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回归预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估计未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率倍数恢复到上一个经济周期的平均值，我们从现在起10年后可以预期的回报。由于我们最近经历了一次衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并通过2021年的估计运行它。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>PayPal从2015年至今的平均市盈率为34.11（快速图上用金色圈出的蓝色条）。使用2021年4.60美元的预期盈利预测（也用金色圈出），PayPal目前的市盈率为40.73。如果40.73市盈率在未来10年恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的股价将会下跌，10年复合年增长率将为<b>-1.75%</b>如果情绪回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报率。如果恢复所需的时间更短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪恢复到均值会发生什么。这完全由市场情绪决定，并且通常与实际业务的表现脱节，或者只是松散地联系在一起。在本节中，我们将检查企业的实际收益。这里的目标很简单：我们想知道如果我们以今天的价格收购企业并将所有收益留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是收益的预期增长率。让我们从收益率（这是一个倒置的市盈率，因此，市盈率）开始。目前的收益率约为+2.46%。我喜欢思考这个问题的方式是，如果我现在以100美元购买公司的整个业务，如果未来10年收益保持不变，我每年的投资将获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估计公司在这段时间内的盈利增长。我通过计算上一个周期的收益增长率并将该增长率应用于未来10年来做到这一点。这涉及计算自2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时期发生的任何股票回购（因为减持股票会因股票减少而增加每股收益）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的规模，回购看起来比实际要大得多，这里没有太多调整。此外，由于PayPal的盈利每年都在增长，因此无需调整盈利增长下降。这使得估计PayPal的盈利增长变得相对简单，我估计PayPal的盈利增长约为+23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，当我问自己“出于估值目的，未来10年的合理预期是什么？”对于企业来说，在整整十年的时间里，收入每年增长超过20%是非常非常困难的（特别是如果他们在过去十年里已经这样做了）。因此，在用于估值目的时，我将所有长期预期盈利增长预测限制在20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高价格的方法。因此，对于这次估值工作，我将盈利增长假设限制在20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将将该增长率应用于当前收益，展望10年，以获得最终的10年复合年增长率估计。我的想法是，如果我以100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长，并且在那之后的10年里，这个数额将以每年+20.00%的速度增长。我想知道我的100美元投资在10年后总共会有多少钱，我计算出大约是176.50美元（包括最初的100美元）。当我将这种增长插入CAGR计算器时，就会转化为<b>+5.85%</b>预期业务盈利回报的10年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要地方：市场情绪回报或业务收益回报。如果我们假设PayPal未来10年的市场情绪恢复到上一个周期的平均值，则复合年增长率将为-1.75%。如果盈利收益率和增长与上一个周期相似，该公司的10年复合年增长率应该在+5.85%左右。如果我们将两者放在一起，我们会得到预期的10年全周期复合年增长率为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对此类股票的买入/卖出/持有范围是：复合年增长率高于12%为买入，预期复合年增长率低于4%为卖出，4%至12%之间为持有。这使得PayPal股票在今天的价格水平上勉强属于“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意在基于收益的安全边际下购买该股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看PayPal的估值，让我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用本文中使用的相同假设和输入从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股126.50美元至164.00美元。我目前的买入价格（包括安全边际）是112.10美元。低于该价格买入的投资者在中期内很有可能获得丰厚的回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和2022年，我将开始提前预测PayPal 2022年的盈利。目前，分析师预计2022年每股收益为5.25美元。如果PayPal的其他指标保持不变，这将大大提高其估值，并将其公允价值范围提高至每股145.00美元至187.50美元，安全买入价格为每股128.00美元。当然，这是假设分析师维持对2022年的预期不变，并且在未来几个月内不会降低预期。这也意味着，根据未来的收益，如果PayPal在一两个月内保持接近当前价格的交易，它已经处于“公允价值”价格范围的上限。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一分析类型。对于某些利润快速增长的罕见企业，我最近开发了一种新的分析方法，以帮助识别仅根据收益可能永远不会变得足够便宜的快速增长企业。这种分析的方法是我的私人服务机构周期性投资者俱乐部独有的，但由于PayPal的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享这种分析产生的“购买价格”，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析来检查PayPal时，它得出的买入价格为144.90美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我的基于收益的方法，使用明年的收益，使其非常接近公允价值的中间值。这是假设PayPal的指标从现在到那时不会恶化，而且PayPal也必须满足一些技术要求，但我认为到2022年2月，我很有可能成为PayPal股票的买家，大约在我警告投资者其高估值一年后。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的衰落是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的PayPal股价下跌是完全可以预见的，还有许多其他估值丰厚的科技股也将经历类似的下跌，其中大多数可能在2022年。对于跑赢大盘此类股票的投资者来说，现在可能是考虑多元化的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票停滞不前几年，毫无进展，也有极少数股票设法继续上涨，但绝大多数股票将经历像PayPal那样的下跌。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</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\">\nPayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal最近的价格下跌最终将发生在几乎所有被高估的科技股身上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-14 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌超过-35%，而且该股仍然不便宜。</li><li>我早在2021年2月就警告投资者，PayPal的估值被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股在未来3年内仍有超过-50%的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，因此我分析该股票以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在2021年2月6日，我就制作了一段视频，与投资者分享了为什么PayPal(PYPL)股票被高估到足以出售。我在我的Seeking Alpha bloghere上分享了该视频。自那时以来，PayPal的绝对表现和相对于标普500（SPDR标普500指数ETF）的表现都很差。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我向投资者发出警告以来，该股股价已下跌约-30%，较今年的高点下跌约-38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有问题的案例。没有什么不好的故事可讲。这个价格被高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙事。当时的数字没有意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这应该是中长线投资者的重要一课。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难的是投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑天生就是这样。自从我分享了我看跌的2月份PayPal视频以来，Seeking Alpha上报道PayPal的62篇文章中，没有一篇“看跌”文章。主要原因是PayPal的叙述如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不现实。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我目前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际的情况下购买的价格。这与我在2021年2月用来确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和商业回报。然后，我将这些预期回报以10年复合年增长率预期的形式组合在一起，并用它来评估股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益1）没有足够长的历史2）本质上不稳定，或者3）周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明显的长期增长模式，它使该股票作为长期投资非常有吸引力。自2015年以来，没有出现过任何盈利负增长的年份，因此该股票可能非常适合我将要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长、更持久的经济衰退期间，PayPal的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察eBay(EBAY)在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现过负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，尽管我们没有PayPal“正常”衰退的硬历史数据，但我仍将继续进行全周期盈利分析。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回归预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估计未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率倍数恢复到上一个经济周期的平均值，我们从现在起10年后可以预期的回报。由于我们最近经历了一次衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并通过2021年的估计运行它。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>PayPal从2015年至今的平均市盈率为34.11（快速图上用金色圈出的蓝色条）。使用2021年4.60美元的预期盈利预测（也用金色圈出），PayPal目前的市盈率为40.73。如果40.73市盈率在未来10年恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的股价将会下跌，10年复合年增长率将为<b>-1.75%</b>如果情绪回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报率。如果恢复所需的时间更短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪恢复到均值会发生什么。这完全由市场情绪决定，并且通常与实际业务的表现脱节，或者只是松散地联系在一起。在本节中，我们将检查企业的实际收益。这里的目标很简单：我们想知道如果我们以今天的价格收购企业并将所有收益留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是收益的预期增长率。让我们从收益率（这是一个倒置的市盈率，因此，市盈率）开始。目前的收益率约为+2.46%。我喜欢思考这个问题的方式是，如果我现在以100美元购买公司的整个业务，如果未来10年收益保持不变，我每年的投资将获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估计公司在这段时间内的盈利增长。我通过计算上一个周期的收益增长率并将该增长率应用于未来10年来做到这一点。这涉及计算自2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时期发生的任何股票回购（因为减持股票会因股票减少而增加每股收益）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的规模，回购看起来比实际要大得多，这里没有太多调整。此外，由于PayPal的盈利每年都在增长，因此无需调整盈利增长下降。这使得估计PayPal的盈利增长变得相对简单，我估计PayPal的盈利增长约为+23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，当我问自己“出于估值目的，未来10年的合理预期是什么？”对于企业来说，在整整十年的时间里，收入每年增长超过20%是非常非常困难的（特别是如果他们在过去十年里已经这样做了）。因此，在用于估值目的时，我将所有长期预期盈利增长预测限制在20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高价格的方法。因此，对于这次估值工作，我将盈利增长假设限制在20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将将该增长率应用于当前收益，展望10年，以获得最终的10年复合年增长率估计。我的想法是，如果我以100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长，并且在那之后的10年里，这个数额将以每年+20.00%的速度增长。我想知道我的100美元投资在10年后总共会有多少钱，我计算出大约是176.50美元（包括最初的100美元）。当我将这种增长插入CAGR计算器时，就会转化为<b>+5.85%</b>预期业务盈利回报的10年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要地方：市场情绪回报或业务收益回报。如果我们假设PayPal未来10年的市场情绪恢复到上一个周期的平均值，则复合年增长率将为-1.75%。如果盈利收益率和增长与上一个周期相似，该公司的10年复合年增长率应该在+5.85%左右。如果我们将两者放在一起，我们会得到预期的10年全周期复合年增长率为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对此类股票的买入/卖出/持有范围是：复合年增长率高于12%为买入，预期复合年增长率低于4%为卖出，4%至12%之间为持有。这使得PayPal股票在今天的价格水平上勉强属于“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意在基于收益的安全边际下购买该股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看PayPal的估值，让我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用本文中使用的相同假设和输入从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股126.50美元至164.00美元。我目前的买入价格（包括安全边际）是112.10美元。低于该价格买入的投资者在中期内很有可能获得丰厚的回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和2022年，我将开始提前预测PayPal 2022年的盈利。目前，分析师预计2022年每股收益为5.25美元。如果PayPal的其他指标保持不变，这将大大提高其估值，并将其公允价值范围提高至每股145.00美元至187.50美元，安全买入价格为每股128.00美元。当然，这是假设分析师维持对2022年的预期不变，并且在未来几个月内不会降低预期。这也意味着，根据未来的收益，如果PayPal在一两个月内保持接近当前价格的交易，它已经处于“公允价值”价格范围的上限。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一分析类型。对于某些利润快速增长的罕见企业，我最近开发了一种新的分析方法，以帮助识别仅根据收益可能永远不会变得足够便宜的快速增长企业。这种分析的方法是我的私人服务机构周期性投资者俱乐部独有的，但由于PayPal的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享这种分析产生的“购买价格”，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析来检查PayPal时，它得出的买入价格为144.90美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我的基于收益的方法，使用明年的收益，使其非常接近公允价值的中间值。这是假设PayPal的指标从现在到那时不会恶化，而且PayPal也必须满足一些技术要求，但我认为到2022年2月，我很有可能成为PayPal股票的买家，大约在我警告投资者其高估值一年后。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的衰落是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的PayPal股价下跌是完全可以预见的，还有许多其他估值丰厚的科技股也将经历类似的下跌，其中大多数可能在2022年。对于跑赢大盘此类股票的投资者来说，现在可能是考虑多元化的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票停滞不前几年，毫无进展，也有极少数股票设法继续上涨，但绝大多数股票将经历像PayPal那样的下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks\">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":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120286910","content_text":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.\nThat warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.\nPayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.\n\nBsWei/iStock via Getty Images\nIntroduction\nBack on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&P 500 (SPY).\nData by YCharts\nThe stock price is down about -30% since I warned investors and down about -38% off its high price of the year.\nThe truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.\nThis should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.\nThe difficultly for a stock writer like myself is that investorslovenarratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.\nIn this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.\nFull-Cycle Earnings Analysis\nAs part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.\nBefore I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.\n\nWe can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.\nMarket Sentiment Return Expectations\nIn order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.\n\nPayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of-1.75%. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.\nBusiness Earnings Expectations\nWe previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.\nThere are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.\nThe next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).\nData by YCharts\nDue to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.\nNow, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.\nNext, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a+5.85%10-year CAGR estimate for the expected business earnings returns.\n10-Year, Full-Cycle CAGR Estimate\nPotential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of+4.10%at today's price.\nMy Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.\nAdditional Considerations\nI consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.\nFirst, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.\nOnce we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.\nThe Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.\nWhen I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.\nConclusion\nI think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604384515,"gmtCreate":1639351045735,"gmtModify":1639351045863,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604384515","repostId":"1118643418","repostType":4,"repost":{"id":"1118643418","kind":"news","pubTimestamp":1639350312,"share":"https://www.laohu8.com/m/news/1118643418?lang=zh_CN&edition=full","pubTime":"2021-12-13 07:05","market":"us","language":"en","title":"Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118643418","media":"Barrons","summary":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a","content":"<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</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>Apple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be the First $3 Trillion Company. Why Its Rally Won’t Stop There.<blockquote>苹果可能成为第一家价值3万亿美元的公司。为什么它的反弹不会就此停止。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&amp;P 500 has improved less than 2%.</p><p><blockquote>苹果股价大幅上涨，今年迄今已上涨34%，距离3万亿美元市值仅差不到5%，这是任何其他上市公司从未达到过的里程碑。此次上涨包括过去四周内惊人的18%，而在此期间标普500的涨幅不到2%。</blockquote></p><p> It’s an astonishing performance. Keep in mind that there’s only one other company—&nbsp;Microsoft&nbsp;—with a market cap above $2 trillion, and just three others—&nbsp;Alphabet,Amazon.com,and&nbsp;Tesla&nbsp;—above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.</p><p><blockquote>这是一场惊人的表演。请记住，只有一家公司——微软——市值超过2万亿美元，只有另外三家公司——Alphabet、亚马逊和特斯拉——市值超过1万亿美元。苹果成立于1976年，用了44年才在2018年首次达到1万亿美元的水平。两年后，即2020年8月，该股市值达到2万亿美元。现在仅仅15个月后，该股的市值就达到了3万亿美元。</blockquote></p><p> So what’s going on here?</p><p><blockquote>这是怎么回事？</blockquote></p><p> I’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.</p><p><blockquote>我认为，苹果股票（股票代码：AAPL）继续上涨至更高高点至少有四个原因，以及为什么3万亿美元最终看起来更像是下限而不是上限。</blockquote></p><p> For starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.</p><p><blockquote>首先，苹果已成为动荡时期科技投资者的避风港——一种逃往安全地带的游戏；数字黄金。苹果在疫情期间蓬勃发展，对Mac和iPad的需求都在加速增长。在iPhone和服务增长的推动下，随着世界开始恢复正常的复杂过程，它一直在向前发展。苹果不断创新，公司拥有狂热的客户忠诚度，并继续积极回购自己股票的股东友好政策。如果你必须选择一只科技股来长期持有，许多人会选择苹果。</blockquote></p><p> Analysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.</p><p><blockquote>分析师继续报告iPhone 13供不应求。零部件短缺仍然是一个问题，苹果在报告9月份季度业绩时警告称，12月份季度将因无法满足需求而受到影响。但请记住，进入这个周期，华尔街对iPhone 13的预期减弱了。分析师认为今年的机型是一个临时步骤——远不如第一款包含5G连接的iPhone 12重要。但与iPhone 11的情况一样，有理由认为华尔街低估了iPhone 13的需求。特别是，有报道称中国对新手机的需求处于历史高位，为12月季度潜在的盈利惊喜奠定了基础。</blockquote></p><p> Meanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.</p><p><blockquote>与此同时，苹果上周在法律方面获得了意想不到的推动，当时联邦上诉法院暂停了下级法院的一项裁决，等待上诉，该裁决将迫使苹果允许开发者为应用内支付系统提供替代方案。应用程序购买。第九巡回法院的三名法官小组发现，苹果对下级法院认定苹果违反加州不正当竞争法提出了“严重质疑”。苹果对此案上诉的解决现在可能会拖延数月或数年——拖延的时间越长，对宁愿维持现状的苹果越好。</blockquote></p><p> Perhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.</p><p><blockquote>也许最重要的是，过去几周，华尔街已开始将两个尚未宣布的新产品类别——增强和虚拟现实耳机以及自动驾驶汽车——纳入其苹果财务和估值模型。</blockquote></p><p> For instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.</p><p><blockquote>例如，摩根士丹利分析师凯蒂·休伯蒂(Katy Huberty)上周重申了跑赢大盘对苹果股票的评级，将该股目标价从165美元上调至200美元；新目标意味着潜在估值为3.3万亿美元。她表示，短期内，iPhone销量和App Store活动应该会出人意料地上升。但她也认为，现在是开始为新产品定价的时候了。</blockquote></p><p> “Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&amp;P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.</p><p><blockquote>休伯蒂在一份研究报告中断言，尽管苹果的创新记录始终如一，但“苹果的股价似乎并没有受到即将推出的新产品的影响”。她指出，苹果在过去五年中上涨了近500%，大约是标普500回报率的五倍，而iPhone收入仅增长了40%。她说，造成这种差异的原因是苹果一直在其他领域进行创新。</blockquote></p><p> Apple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.</p><p><blockquote>苹果建立了包括苹果手表在内的可穿戴设备业务，每年产生380亿美元的收入，相当于财富120强公司的规模。苹果服务业务现在每年产生近700亿美元的收入，在过去四年中翻了一番。Huberty总结道，随着苹果越来越接近推出AR/VR耳机和汽车，这些应该会反映在公司的估值中。</blockquote></p><p> The potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.</p><p><blockquote>潜力巨大。TFI Securities分析师Ming-Chi Kuo一直在撰写一系列关于苹果未来AR/VR耳机的研究报告，他预计该公司在未来10年内可能会销售10亿台设备。他认为这些小发明最终会蚕食iPhone市场，成为许多人的主要在线体验。</blockquote></p><p></p><p> Bernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.</p><p><blockquote>Bernstein分析师Toni Sacconaghi上周在一份关于苹果在虚拟宇宙中的地位的研究报告中断言，虚拟世界的硬件访问层可能会集中在少数大型参与者中，就像PC、手机和平板电脑市场一样。Sacconaghi表示，粗略猜测，到2030年，AR/VR设备可能占苹果收入的4%，到2040年将超过20%。</blockquote></p><p> In case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.</p><p><blockquote>如果您想知道这可能会如何发展，请回想一下2020年，当时有关iPhone 12的传言在发布前几乎震耳欲聋，推高了苹果的股价。如果苹果很可能在2022年进入这个新市场，噪音水平将变得震耳欲聋。</blockquote></p><p> Mark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.</p><p><blockquote>马克·扎克伯格可能谈论最多的是元宇宙，但蒂姆·库克的公司可能只是这里的大赢家。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5\">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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-market-cap-virtual-reality-51639155227?mod=hp_LEAD_5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118643418","content_text":"Apple shares have been on a ferocious tear, up 34% year to date, leaving it less than 5% away from a $3 trillion market capitalization, a milestone never hit by any other public company. The rally includes a startling 18% spurt in just the past four weeks, a period in which the S&P 500 has improved less than 2%.\nIt’s an astonishing performance. Keep in mind that there’s only one other company— Microsoft —with a market cap above $2 trillion, and just three others— Alphabet,Amazon.com,and Tesla —above $1 trillion. Founded in 1976, it took Apple 44 years to reach the $1 trillion level for the first time, in 2018. Two years later, in August 2020, the stock hit $2 trillion. And now just 15 months later, the stock is zeroing in on $3 trillion.\nSo what’s going on here?\nI’d argue that there are at least four reasons why Apple stock (ticker: AAPL) continues to rally to higher highs—and why $3 trillion will eventually look more like the floor than the ceiling.\nFor starters, Apple has become a haven for tech investors in times of turmoil—a flight-to-safety play; digital gold. Apple thrived during the pandemic, with accelerated demand for both Macs and iPads. And it has motored right along as the world begins the complex process of returning to normalcy, powered by iPhone and services growth. Apple continues to innovate, the company has fanatical customer loyalty, and it continues a shareholder-friendly policy of aggressively buying back its own shares. If you had to pick just one tech stock to own for the long haul, many would choose Apple.\nAnalysts continue to report iPhone 13 demand outstripping supply. Parts shortages remain an issue, and Apple warned in reporting September-quarter results that the December quarter would be muffled by an inability to meet demand. But remember that coming into this cycle, Street expectations for iPhone 13 were muted. Analysts saw this year’s model as an interim step—not nearly as important as the iPhone 12, the first to include 5G connectivity. But as was the case with the iPhone 11, there is reason to think that the Street has underestimated demand for the iPhone 13. In particular, there have been reports of historically high demand for the new phones in China, setting the stage for a potential December-quarter earnings surprise.\nMeanwhile, Apple got an unexpected boost on the legal front last week when a federal appeals court issued a stay, pending appeal, of a lower-court ruling that would have forced Apple to let developers include alternatives to Apple’s own payment system for in-app purchases. The three-judge panel for the Ninth Circuit found that Apple has demonstrated “serious questions” about the lower court’s finding that Apple violates California’s unfair competition law. Resolution of Apple’s appeal in the case could now drag on for months, or years—and the longer the delay, the better for Apple, which would rather keep the status quo.\nPerhaps most important, Wall Street in the past few weeks has begun to factor in two yet-to-be-announced new product categories—augmented- and virtual-reality headsets and autonomous vehicles—to its Apple financial and valuation models.\nFor instance, Morgan Stanley analyst Katy Huberty last week reiterated an Overweight rating on Apple shares, lifting her price target on the stock to $200, from $165; the new target implies a potential valuation of $3.3 trillion. For the near term, she says, iPhone sales and App Store activity should surprise to the upside. But she also contends that the time has come to start pricing new products into the mix.\n“Apple shares don’t seem to bake in the impact from upcoming new product launches,” despite a consistent record of innovation, Huberty asserts in a research note. She points out that Apple has rallied nearly 500% over the past five years—about quintuple the return on the S&P 500—in a period when iPhone revenue grew just 40%. The explanation for that divergence, she says, is that Apple has been innovating in other areas.\nApple built a wearables business, including the Apple Watch, that generates $38 billion a year in revenue, the size of a Fortune 120 company. And the Apple services business now produces nearly $70 billion a year in revenue, doubling over the past four years. As Apple gets closer to launches in AR/VR headsets and cars, Huberty concludes, those should be reflected in the company’s valuation.\nThe potential is vast. TFI Securities analyst Ming-Chi Kuo, who has been writing a series of research notes on Apple’s future AR/VR headsets, projects the company could sell a billion of the devices over the next 10 years. He thinks the gizmos will eventually cannibalize the iPhone market and become the primary online experience for many.\nBernstein analyst Toni Sacconaghi asserted, in a research note last week on Apple’s place in the metaverse, that the hardware access layer to the virtual world is likely to be concentrated among a few large players, as it has for the PC, mobile phone, and tablet markets. Sacconaghi says a rough guess is that AR/VR devices could be 4% of Apple’s revenue in 2030—and over 20% in 2040.\nIn case you’re wondering how this might play out, think back to 2020, when the buzz about the iPhone 12 became almost deafening in the run-up to its launch, driving up Apple’s share price. If and when it becomes clear that Apple is likely to jump into this new market in calendar 2022, the noise level is going to become earsplitting.\nMark Zuckerberg may be talking the most about the metaverse, but Tim Cook’s company might just be the big winner here.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609691770,"gmtCreate":1638275109044,"gmtModify":1638275109044,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"The competition is too tight","listText":"The competition is too tight","text":"The competition is too tight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609691770","repostId":"1193793682","repostType":4,"repost":{"id":"1193793682","kind":"news","pubTimestamp":1638259056,"share":"https://www.laohu8.com/m/news/1193793682?lang=zh_CN&edition=full","pubTime":"2021-11-30 15:57","market":"us","language":"en","title":"Electric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193793682","media":"Motley Fool","summary":"It might seem like a stretch, but investors are excited about these companies.","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>EV stocks have been on fire lately.</li>  <li>Rental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.</li>  <li>Both companies could offer EVs in the near future, taking part in the boom.</li> </ul> The stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The&nbsp;<b>Dow Jones Industrial Averag</b>&nbsp;rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the&nbsp;<b>S&amp;P 500</b>&nbsp;rose a healthier 60 points to 4,655, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;actually made back almost all of its Friday losses, rising 291 points to 15,782.</p><p><blockquote><ul><li>电动汽车股票最近火了。</li><li>汽车租赁公司似乎不太可能成为受益者，但赫兹和安飞士都在攀升。</li><li>两家公司都可能在不久的将来推出电动汽车，参与这一热潮。</li></ul>周一股市尽最大努力收复失地，总体而言，表现出色。The<b>道琼斯工业平均指数</b>上涨236点至35,135点，收复了周五900点低点的不到一半。然而<b>标普500</b>上涨60点至4,655点，<b>纳斯达克复合材料</b>实际上几乎收复了周五的所有失地，上涨291点至15,782点。</blockquote></p><p> Electric vehicle (EV) stocks&nbsp;have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies&nbsp;<b>Hertz Global Holdings</b>&nbsp;and&nbsp;<b>Avis Budget Group</b>&nbsp;is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.</p><p><blockquote>电动汽车（EV）股票表现非常好，电动汽车制造商的涨幅令人印象深刻。然而，投资者越来越多地寻求新的方式来参与电动汽车革命，而不仅仅是简单地关注制造这些汽车的公司。许多人认为，汽车租赁公司的财富增长<b>赫兹全球控股公司</b>和<b>Avis Budget Group</b>与他们参与不断增长的电动汽车行业的前景息息相关。下面，我们将看看这些股票周一的表现以及它们的长期前景如何。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efa5155c59487c0bf1849c93b3032edb\" 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>Hertz keeps climbing out of bankruptcy</b></p><p><blockquote><b>赫兹不断摆脱破产</b></blockquote></p><p> Monday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.</p><p><blockquote>赫兹全球控股公司(Hertz Global Holdings)宣布了一系列资本重组举措中的最新举措，该公司股价周一上涨6%。在发行了15亿美元的优先债务以回购类似数量的优先股后，赫兹宣布了一项令股东满意的回购普通股的计划。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c41c450cbdb7a6b11dba954185486880\" tg-width=\"1060\" tg-height=\"650\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.</p><p><blockquote>董事会批准了一项高达20亿美元的股票回购计划。新计划立即生效，尽管超过先前授权的2亿美元的余额将在其优先股要约收购完成后可用。</blockquote></p><p> Hertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.</p><p><blockquote>赫兹在摆脱破产方面已经做了非凡的工作，同时仍然让前股东持有公司的股份。从疫情最糟糕的情况中复苏使赫兹的财务状况有所改善，这家租车公司现在正在利用其实力的增强。</blockquote></p><p> The reason this is relevant in the EV space is that&nbsp;Hertz recently made a groundbreaking deal&nbsp;with&nbsp;<b>Tesla</b>&nbsp;to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.</p><p><blockquote>这与电动汽车领域相关的原因是赫兹最近与<b>特斯拉</b>为其租赁车队购买100,000辆汽车。此举对两家公司都有好处，为赫兹带来了潜在的新需求，同时也代表了特斯拉的一个全新市场。</blockquote></p><p> <b>Avis Budget stays healthy</b></p><p><blockquote><b>Avis预算保持健康</b></blockquote></p><p> Meanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at&nbsp;<b>Jefferies</b>, helping to drive&nbsp;positive sentiment for the Hertz rival.</p><p><blockquote>与此同时，Avis Budget股价也大幅上涨，上涨5%。该公司获得了分析师的好评<b>杰弗里斯</b>，有助于推动对赫兹竞争对手的积极情绪。</blockquote></p><p> Both&nbsp;Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.</p><p><blockquote>安飞士和赫兹都受益于汽车市场的压力。半导体等零部件的缺乏抑制了汽车生产，推高了二手车价格，从而提高了两家租车公司车队的价值。此外，随着对租车需求的增加，Avis拥有比以前更大的定价权，这提高了利润率。</blockquote></p><p> It's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.</p><p><blockquote>预计安飞士不会让赫兹独占电动汽车市场也是合理的。在赫兹-特斯拉宣布这一消息后，该公司没有做出任何明确的披露，但高管们确实明确表示，缺乏消息并不意味着他们没有寻求与制造商达成潜在的电动汽车交易。</blockquote></p><p> At this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.</p><p><blockquote>目前，赫兹和安飞士正享受着强劲的行业状况、消费者需求以及拥抱新技术的兴趣的有利融合。尽管认为它们是真正的电动汽车似乎有些牵强，但如果消费者明确表示希望租赁电动汽车，两家汽车租赁公司都可能受益。</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>Electric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectric-Car Fans Are Driving These 2 Unlikely Stocks Higher<blockquote>电动汽车爱好者正在推动这两只不太可能的股票走高</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\">2021-11-30 15:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>EV stocks have been on fire lately.</li>  <li>Rental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.</li>  <li>Both companies could offer EVs in the near future, taking part in the boom.</li> </ul> The stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The&nbsp;<b>Dow Jones Industrial Averag</b>&nbsp;rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the&nbsp;<b>S&amp;P 500</b>&nbsp;rose a healthier 60 points to 4,655, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;actually made back almost all of its Friday losses, rising 291 points to 15,782.</p><p><blockquote><ul><li>电动汽车股票最近火了。</li><li>汽车租赁公司似乎不太可能成为受益者，但赫兹和安飞士都在攀升。</li><li>两家公司都可能在不久的将来推出电动汽车，参与这一热潮。</li></ul>周一股市尽最大努力收复失地，总体而言，表现出色。The<b>道琼斯工业平均指数</b>上涨236点至35,135点，收复了周五900点低点的不到一半。然而<b>标普500</b>上涨60点至4,655点，<b>纳斯达克复合材料</b>实际上几乎收复了周五的所有失地，上涨291点至15,782点。</blockquote></p><p> Electric vehicle (EV) stocks&nbsp;have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies&nbsp;<b>Hertz Global Holdings</b>&nbsp;and&nbsp;<b>Avis Budget Group</b>&nbsp;is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.</p><p><blockquote>电动汽车（EV）股票表现非常好，电动汽车制造商的涨幅令人印象深刻。然而，投资者越来越多地寻求新的方式来参与电动汽车革命，而不仅仅是简单地关注制造这些汽车的公司。许多人认为，汽车租赁公司的财富增长<b>赫兹全球控股公司</b>和<b>Avis Budget Group</b>与他们参与不断增长的电动汽车行业的前景息息相关。下面，我们将看看这些股票周一的表现以及它们的长期前景如何。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efa5155c59487c0bf1849c93b3032edb\" 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>Hertz keeps climbing out of bankruptcy</b></p><p><blockquote><b>赫兹不断摆脱破产</b></blockquote></p><p> Monday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.</p><p><blockquote>赫兹全球控股公司(Hertz Global Holdings)宣布了一系列资本重组举措中的最新举措，该公司股价周一上涨6%。在发行了15亿美元的优先债务以回购类似数量的优先股后，赫兹宣布了一项令股东满意的回购普通股的计划。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c41c450cbdb7a6b11dba954185486880\" tg-width=\"1060\" tg-height=\"650\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.</p><p><blockquote>董事会批准了一项高达20亿美元的股票回购计划。新计划立即生效，尽管超过先前授权的2亿美元的余额将在其优先股要约收购完成后可用。</blockquote></p><p> Hertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.</p><p><blockquote>赫兹在摆脱破产方面已经做了非凡的工作，同时仍然让前股东持有公司的股份。从疫情最糟糕的情况中复苏使赫兹的财务状况有所改善，这家租车公司现在正在利用其实力的增强。</blockquote></p><p> The reason this is relevant in the EV space is that&nbsp;Hertz recently made a groundbreaking deal&nbsp;with&nbsp;<b>Tesla</b>&nbsp;to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.</p><p><blockquote>这与电动汽车领域相关的原因是赫兹最近与<b>特斯拉</b>为其租赁车队购买100,000辆汽车。此举对两家公司都有好处，为赫兹带来了潜在的新需求，同时也代表了特斯拉的一个全新市场。</blockquote></p><p> <b>Avis Budget stays healthy</b></p><p><blockquote><b>Avis预算保持健康</b></blockquote></p><p> Meanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at&nbsp;<b>Jefferies</b>, helping to drive&nbsp;positive sentiment for the Hertz rival.</p><p><blockquote>与此同时，Avis Budget股价也大幅上涨，上涨5%。该公司获得了分析师的好评<b>杰弗里斯</b>，有助于推动对赫兹竞争对手的积极情绪。</blockquote></p><p> Both&nbsp;Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.</p><p><blockquote>安飞士和赫兹都受益于汽车市场的压力。半导体等零部件的缺乏抑制了汽车生产，推高了二手车价格，从而提高了两家租车公司车队的价值。此外，随着对租车需求的增加，Avis拥有比以前更大的定价权，这提高了利润率。</blockquote></p><p> It's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.</p><p><blockquote>预计安飞士不会让赫兹独占电动汽车市场也是合理的。在赫兹-特斯拉宣布这一消息后，该公司没有做出任何明确的披露，但高管们确实明确表示，缺乏消息并不意味着他们没有寻求与制造商达成潜在的电动汽车交易。</blockquote></p><p> At this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.</p><p><blockquote>目前，赫兹和安飞士正享受着强劲的行业状况、消费者需求以及拥抱新技术的兴趣的有利融合。尽管认为它们是真正的电动汽车似乎有些牵强，但如果消费者明确表示希望租赁电动汽车，两家汽车租赁公司都可能受益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/29/electric-car-fans-are-driving-these-2-unlikely-sto/\">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":{"HTZZ":"Hertz Global Holdings, Inc.","CAR":"安飞士","HTZ":"赫兹租车"},"source_url":"https://www.fool.com/investing/2021/11/29/electric-car-fans-are-driving-these-2-unlikely-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193793682","content_text":"KEY POINTS\n\nEV stocks have been on fire lately.\nRental car companies might seem like unlikely beneficiaries, but both Hertz and Avis are climbing.\nBoth companies could offer EVs in the near future, taking part in the boom.\n\nThe stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. The Dow Jones Industrial Averag rose 236 points to 35,135, making back less than half of its 900-point swoon from Friday. Yet the S&P 500 rose a healthier 60 points to 4,655, and the Nasdaq Composite actually made back almost all of its Friday losses, rising 291 points to 15,782.\nElectric vehicle (EV) stocks have done extremely well, with manufacturers of EVs having seen impressive gains. Yet increasingly, investors have sought new ways to play the EV revolution beyond simply looking at the companies that build those vehicles. Many believe that the rise in fortunes for rental car companies Hertz Global Holdings and Avis Budget Group is tied to the prospects for their participation in the growing EV industry. Below, we'll look at how these stocks are performing on Monday and what their longer-term prospects look like.\nImage source: Getty Images.\nHertz keeps climbing out of bankruptcy\nMonday's 6% rise in shares of Hertz Global Holdings came after the rental car company announced the latest in a series of capital restructuring efforts. After having issued $1.5 billion in senior debt in order to repurchase a similar amount of preferred stock, Hertz announced a plan to repurchase common shares that had shareholders pleased.\n\nThe board of directors authorized a share buyback program of up to $2 billion of stock. The new program is effective immediately, although the balance beyond the previously authorized $200 million will become available after the completion of its tender offer for preferred shares is complete.\nHertz has already done an extraordinary job in emerging from bankruptcy while still leaving former stockholders with a stake in the company. The recovery from the worst conditions of the pandemic has left Hertz in a better financial condition, and the rental car company is now taking advantage of its improved strength.\nThe reason this is relevant in the EV space is that Hertz recently made a groundbreaking deal with Tesla to buy 100,000 vehicles for its rental fleet. The move has benefits for both companies, bringing potential new demand to Hertz while representing a whole new market for Tesla.\nAvis Budget stays healthy\nMeanwhile, Avis Budget shares were also up sharply, rising 5%. The company got favorable comments from analysts at Jefferies, helping to drive positive sentiment for the Hertz rival.\nBoth Avis and Hertz have benefited from stresses on the automotive market. A lack of components like semiconductors has restrained car production, driving up used-car prices and therefore boosting the value of the two rental car companies' vehicle fleets. Moreover, with demand for rental cars higher, Avis has greater pricing power than it had before, and that's boosting profit margins.\nIt's also reasonable to expect that Avis won't let Hertz have the EV market all to itself. The company didn't make any explicit disclosures following the Hertz-Tesla announcement, but executives did make it clear that their lack of news didn't mean they weren't pursuing potential EV deals with manufacturers.\nAt this point, Hertz and Avis are enjoying a favorable confluence of strong industry conditions, demand from consumers, and an interest in embracing new technology. Although it might seem to be a stretch to consider them to be true EV plays, both rental car companies could benefit if consumers make clear their wish to rent EVs.","news_type":1,"symbols_score_info":{"HTZZ":0.9,"HTZ":0.9,"CAR":0.9}},"isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608770228,"gmtCreate":1638796414693,"gmtModify":1638796483794,"author":{"id":"4099648462870340","authorId":"4099648462870340","name":"Lostinroom","avatar":"https://static.tigerbbs.com/d03921ff2e23dc5b7161a7618349c5bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099648462870340","authorIdStr":"4099648462870340"},"themes":[],"htmlText":"Buy more","listText":"Buy more","text":"Buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608770228","repostId":"1191828969","repostType":4,"repost":{"id":"1191828969","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":1638792831,"share":"https://www.laohu8.com/m/news/1191828969?lang=zh_CN&edition=full","pubTime":"2021-12-06 20:13","market":"us","language":"en","title":"Grab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191828969","media":"Tiger Newspress","summary":"Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.","content":"<p>Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.</p><p><blockquote>Grab股价在盘前交易中下跌超过4%。这家新加坡网约车公司上周开始出售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8de30b544b65a645e7a91a37bfb8d8f8\" tg-width=\"851\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</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\">\nGrab shares slid more than 4% in premarket trading<blockquote>Grab股价在盘前交易中下跌超过4%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-06 20:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Grab shares slid more than 4% in premarket trading.The&nbsp;Singapore ride-hailing firm&nbsp;went on sale last week.</p><p><blockquote>Grab股价在盘前交易中下跌超过4%。这家新加坡网约车公司上周开始出售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8de30b544b65a645e7a91a37bfb8d8f8\" tg-width=\"851\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191828969","content_text":"Grab shares slid more than 4% in premarket trading.The Singapore ride-hailing firm went on sale last week.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}