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ELONLEE
ELONLEE
·
2021-11-02
comeeeee
https://www.tigerbrokers.com.sg/activity/market/2021/halloween/*ZZU6RG-index.html?feature=Banner&Page=Me&platform=android&lang=en_US&skin=2&edition=fundamental&invite=ZZU6RG&share=WhatsAPP#/
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comeeeee
ELONLEE
ELONLEE
·
2021-10-06
$ENDRA Life Sciences Inc(NDRA)$
its going to spike soon!
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ELONLEE
ELONLEE
·
2021-06-29
PLTR PEWPEW
Cathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir<blockquote>凯西·伍德在网飞、比特币基地上进一步加载;谢谢帕兰蒂尔</blockquote>
Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation
Cathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir<blockquote>凯西·伍德在网飞、比特币基地上进一步加载;谢谢帕兰蒂尔</blockquote>
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ELONLEE
ELONLEE
·
2021-06-29
Goodgood
Amazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals<blockquote>亚马逊仍然是云计算领域的主导者,但正在失去对竞争对手的控制</blockquote>
Amazon.com Inc maintained its dominant position last year in the cloud infrastructure market that is
Amazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals<blockquote>亚马逊仍然是云计算领域的主导者,但正在失去对竞争对手的控制</blockquote>
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ELONLEE
ELONLEE
·
2021-06-28
Nice
非常抱歉,此主贴已删除
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ELONLEE
ELONLEE
·
2021-06-28
Stay safe hong kong
Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消早盘交易</blockquote>
The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm
Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消早盘交易</blockquote>
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ELONLEE
ELONLEE
·
2021-06-27
Nice
Amazon: Good Stock, Not Good Price<blockquote>亚马逊:库存好,价格不好</blockquote>
Summary Amazon is one of the most innovative companies in the world today, leading the E-commerce i
Amazon: Good Stock, Not Good Price<blockquote>亚马逊:库存好,价格不好</blockquote>
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ELONLEE
ELONLEE
·
2021-06-26
Pewpew!
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ELONLEE
ELONLEE
·
2021-06-25
Nice move
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ELONLEE
ELONLEE
·
2021-06-25
Likeeee
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href=\"https://laohu8.com/S/NDRA\">$ENDRA Life Sciences Inc(NDRA)$</a> its going to spike soon! ","listText":"<a href=\"https://laohu8.com/S/NDRA\">$ENDRA Life Sciences Inc(NDRA)$</a> its going to spike soon! ","text":"$ENDRA Life Sciences Inc(NDRA)$ its going to spike soon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829557191","isVote":1,"tweetType":1,"viewCount":1855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":159679725,"gmtCreate":1624966835167,"gmtModify":1633946452399,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"PLTR PEWPEW","listText":"PLTR PEWPEW","text":"PLTR PEWPEW","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159679725","repostId":"1158357124","repostType":4,"repost":{"id":"1158357124","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624965684,"share":"https://www.laohunote.com/m/news/1158357124?lang=zh_CN&edition=full","pubTime":"2021-06-29 19:21","market":"us","language":"en","title":"Cathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir<blockquote>凯西·伍德在网飞、比特币基地上进一步加载;谢谢帕兰蒂尔</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158357124","media":"Benzinga Earnings","summary":"Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation ","content":"<p>Cathie Wood-led Ark Investment Management on Monday deployed the <b>Ark Space Exploration & Innovation ETF</b>(BATS:ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company <b>Netflix Inc</b>(NASDAQ:NFLX).</p><p><blockquote>Cathie Wood 领导的 Ark Investment Management 周一部署了<b>方舟太空探索与创新 ETF</b>(BATS:ARKX) 将购买这家视频流媒体公司的 3,007 股股票,估计价值约 160 万美元<b>网飞公司</b>(纳斯达克股票代码:NFLX)。</blockquote></p><p> Shares of Netflix closed 1.13% higher at $533.03 on Monday.</p><p><blockquote>Netflix 股价周一收盘上涨 1.13%,至 533.03 美元。</blockquote></p><p> As of Monday’s trade, the popular investment firm held 110,187 shares, worth about $58.7 million in Netflix via the <b>ARK Next Generation Internet ETF</b>(NYSE:ARKW) and ARKX.</p><p><blockquote>截至周一交易,这家颇受欢迎的投资公司通过 Netflix 持有 110,187 股股票,价值约 5870 万美元。<b>方舟下一代互联网ETF</b>(纽约证券交易所代码:ARKW)和 ARKX。</blockquote></p><p> Ark also piled on <b>Coinbase Global Inc</b>(NASDAQ:COIN) on the day. The cryptocurrency exchange's stock soared after a filing revealed Ark Invest has applied for a Bitcoin exchange-traded fund.</p><p><blockquote>方舟也堆积起来<b>比特币基地全球公司</b>(纳斯达克股票代码:COIN)当天。一份文件显示 Ark Invest 已申请比特币交易所交易基金后,该加密货币交易所的股价飙升。</blockquote></p><p> Coinbase shares closed 9.86% higher at $246.69 on Monday.</p><p><blockquote>Coinbase 股价周一收盘上涨 9.86%,至 246.69 美元。</blockquote></p><p> Ark deployed the <b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) to buy 82,414 shares, estimated to be worth about $20.33 million, in Coinbase. The investment firm also holds the shares of the cryptocurrency exchange via ARKW and the <b>Ark Innovation ETF</b>(NYSE:ARKK).</p><p><blockquote>方舟部署了<b>方舟金融科技创新ETF</b>(纽约证券交易所股票代码:ARKF)将购买 Coinbase 82,414 股股票,估计价值约 2033 万美元。该投资公司还通过 ARKW 和<b>方舟创新ETF</b>(纽约证券交易所代码:ARKK)。</blockquote></p><p> Ark's stake in COIN is currently valued at $1.25 billion with about 5.08 million shares. In comparison, Ark Invest holds about 4.99 million shares, worth about $3.44 billion, in <b>Tesla Inc</b>(NASDAQ:TSLA), its largest holding.</p><p><blockquote>Ark 持有的 COIN 股份目前价值 12.5 亿美元,持有约 508 万股股票。相比之下,方舟投资持有约 499 万股股票,价值约 34.4 亿美元<b>特斯拉公司</b>(纳斯达克股票代码:TSLA),其最大的持股。</blockquote></p><p> Ark Invest shed 21,300 shares, estimated to be worth about $583,194, in <b>PalantirTechnologies Inc</b>(NYSE:PLTR), its first sale in the data analytics company in months. Shares of Palantir closed 2.66% higher at $27.38 on Monday.</p><p><blockquote>Ark Invest 减持 21,300 股股票,估计价值约 583,194 美元<b>帕兰蒂尔技术公司</b>(纽约证券交易所股票代码:PLTR),这是几个月来首次出售这家数据分析公司。Palantir 股价周一收盘上涨 2.66%,至 27.38 美元。</blockquote></p><p> Ark Invest holds shares of Palantir via ARKW and ARKK.</p><p><blockquote>Ark Invest 通过 ARKW 和 ARKK 持有 Palantir 股份。</blockquote></p><p> Some of the other key Ark buys on Monday included <b>UiPath Inc</b>(NYSE:PATH) and sells include <b>Alphabet Inc</b>(NASDAQ:GOOG) (NASDAQ:GOOGL).</p><p><blockquote>周一购买的其他一些关键方舟包括<b>UiPath公司</b>(纽约证券交易所代码:PATH)和销售额包括<b>Alphabet公司</b>(纳斯达克股票代码:GOOG)(纳斯达克股票代码:GOOGL)。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir<blockquote>凯西·伍德在网飞、比特币基地上进一步加载;谢谢帕兰蒂尔</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; 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color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir<blockquote>凯西·伍德在网飞、比特币基地上进一步加载;谢谢帕兰蒂尔</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 Earnings </p>\n<p class=\"h-time smaller\">2021-06-29 19:21</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Cathie Wood-led Ark Investment Management on Monday deployed the <b>Ark Space Exploration & Innovation ETF</b>(BATS:ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company <b>Netflix Inc</b>(NASDAQ:NFLX).</p><p><blockquote>Cathie Wood 领导的 Ark Investment Management 周一部署了<b>方舟太空探索与创新 ETF</b>(BATS:ARKX) 将购买这家视频流媒体公司的 3,007 股股票,估计价值约 160 万美元<b>网飞公司</b>(纳斯达克股票代码:NFLX)。</blockquote></p><p> Shares of Netflix closed 1.13% higher at $533.03 on Monday.</p><p><blockquote>Netflix 股价周一收盘上涨 1.13%,至 533.03 美元。</blockquote></p><p> As of Monday’s trade, the popular investment firm held 110,187 shares, worth about $58.7 million in Netflix via the <b>ARK Next Generation Internet ETF</b>(NYSE:ARKW) and ARKX.</p><p><blockquote>截至周一交易,这家颇受欢迎的投资公司通过 Netflix 持有 110,187 股股票,价值约 5870 万美元。<b>方舟下一代互联网ETF</b>(纽约证券交易所代码:ARKW)和 ARKX。</blockquote></p><p> Ark also piled on <b>Coinbase Global Inc</b>(NASDAQ:COIN) on the day. The cryptocurrency exchange's stock soared after a filing revealed Ark Invest has applied for a Bitcoin exchange-traded fund.</p><p><blockquote>方舟也堆积起来<b>比特币基地全球公司</b>(纳斯达克股票代码:COIN)当天。一份文件显示 Ark Invest 已申请比特币交易所交易基金后,该加密货币交易所的股价飙升。</blockquote></p><p> Coinbase shares closed 9.86% higher at $246.69 on Monday.</p><p><blockquote>Coinbase 股价周一收盘上涨 9.86%,至 246.69 美元。</blockquote></p><p> Ark deployed the <b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) to buy 82,414 shares, estimated to be worth about $20.33 million, in Coinbase. The investment firm also holds the shares of the cryptocurrency exchange via ARKW and the <b>Ark Innovation ETF</b>(NYSE:ARKK).</p><p><blockquote>方舟部署了<b>方舟金融科技创新ETF</b>(纽约证券交易所股票代码:ARKF)将购买 Coinbase 82,414 股股票,估计价值约 2033 万美元。该投资公司还通过 ARKW 和<b>方舟创新ETF</b>(纽约证券交易所代码:ARKK)。</blockquote></p><p> Ark's stake in COIN is currently valued at $1.25 billion with about 5.08 million shares. In comparison, Ark Invest holds about 4.99 million shares, worth about $3.44 billion, in <b>Tesla Inc</b>(NASDAQ:TSLA), its largest holding.</p><p><blockquote>Ark 持有的 COIN 股份目前价值 12.5 亿美元,持有约 508 万股股票。相比之下,方舟投资持有约 499 万股股票,价值约 34.4 亿美元<b>特斯拉公司</b>(纳斯达克股票代码:TSLA),其最大的持股。</blockquote></p><p> Ark Invest shed 21,300 shares, estimated to be worth about $583,194, in <b>PalantirTechnologies Inc</b>(NYSE:PLTR), its first sale in the data analytics company in months. Shares of Palantir closed 2.66% higher at $27.38 on Monday.</p><p><blockquote>Ark Invest 减持 21,300 股股票,估计价值约 583,194 美元<b>帕兰蒂尔技术公司</b>(纽约证券交易所股票代码:PLTR),这是几个月来首次出售这家数据分析公司。Palantir 股价周一收盘上涨 2.66%,至 27.38 美元。</blockquote></p><p> Ark Invest holds shares of Palantir via ARKW and ARKK.</p><p><blockquote>Ark Invest 通过 ARKW 和 ARKK 持有 Palantir 股份。</blockquote></p><p> Some of the other key Ark buys on Monday included <b>UiPath Inc</b>(NYSE:PATH) and sells include <b>Alphabet Inc</b>(NASDAQ:GOOG) (NASDAQ:GOOGL).</p><p><blockquote>周一购买的其他一些关键方舟包括<b>UiPath公司</b>(纽约证券交易所代码:PATH)和销售额包括<b>Alphabet公司</b>(纳斯达克股票代码:GOOG)(纳斯达克股票代码:GOOGL)。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","COIN":"Coinbase Global, Inc.","ARKW":"ARK Next Generation Internet ETF","NFLX":"奈飞","ARKX":"ARK Space Exploration & Innovation ETF","PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158357124","content_text":"Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation ETF(BATS:ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company Netflix Inc(NASDAQ:NFLX).\nShares of Netflix closed 1.13% higher at $533.03 on Monday.\nAs of Monday’s trade, the popular investment firm held 110,187 shares, worth about $58.7 million in Netflix via the ARK Next Generation Internet ETF(NYSE:ARKW) and ARKX.\nArk also piled on Coinbase Global Inc(NASDAQ:COIN) on the day. The cryptocurrency exchange's stock soared after a filing revealed Ark Invest has applied for a Bitcoin exchange-traded fund.\nCoinbase shares closed 9.86% higher at $246.69 on Monday.\nArk deployed the Ark Fintech Innovation ETF(NYSE:ARKF) to buy 82,414 shares, estimated to be worth about $20.33 million, in Coinbase. The investment firm also holds the shares of the cryptocurrency exchange via ARKW and the Ark Innovation ETF(NYSE:ARKK).\nArk's stake in COIN is currently valued at $1.25 billion with about 5.08 million shares. In comparison, Ark Invest holds about 4.99 million shares, worth about $3.44 billion, in Tesla Inc(NASDAQ:TSLA), its largest holding.\nArk Invest shed 21,300 shares, estimated to be worth about $583,194, in PalantirTechnologies Inc(NYSE:PLTR), its first sale in the data analytics company in months. Shares of Palantir closed 2.66% higher at $27.38 on Monday.\nArk Invest holds shares of Palantir via ARKW and ARKK.\nSome of the other key Ark buys on Monday included UiPath Inc(NYSE:PATH) and sells include Alphabet Inc(NASDAQ:GOOG) (NASDAQ:GOOGL).","news_type":1,"symbols_score_info":{"ARKK":0.9,"ARKW":0.9,"COIN":0.9,"NFLX":0.9,"PLTR":0.9,"ARKF":0.9,"ARKX":0.9}},"isVote":1,"tweetType":1,"viewCount":1269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159679255,"gmtCreate":1624966815677,"gmtModify":1633946452747,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"Goodgood","listText":"Goodgood","text":"Goodgood","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159679255","repostId":"1170533728","repostType":4,"repost":{"id":"1170533728","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624966540,"share":"https://www.laohunote.com/m/news/1170533728?lang=zh_CN&edition=full","pubTime":"2021-06-29 19:35","market":"us","language":"en","title":"Amazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals<blockquote>亚马逊仍然是云计算领域的主导者,但正在失去对竞争对手的控制</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170533728","media":"Benzinga Earnings","summary":"Amazon.com Inc maintained its dominant position last year in the cloud infrastructure market that is","content":"<p><b>Amazon.com Inc</b> maintained its dominant position last year in the cloud infrastructure market that is worth billions, even as its share shrunk in the category that is growing fast, according to research firm Gartner.</p><p><blockquote><b>亚马逊公司</b>根据研究公司Gartner的数据,去年在价值数十亿美元的云基础设施市场中保持了主导地位,尽管其在快速增长的类别中的份额有所下降。</blockquote></p><p> <b>What happened:</b>In 2020, Amazon held a market share of about 41% in the infrastructure as a service (IaaS) category, slipping from 44.6% in 2019.</p><p><blockquote><b>发生了什么:</b>2020年,亚马逊在基础设施即服务(IaaS)类别中的市场份额约为41%,低于2019年的44.6%。</blockquote></p><p> In comparison, all top-four rivals in the cloud infrastructure space, namely <b>Microsoft Corp</b>,<b>Alibaba Group Holding</b>, Google-parent<b>Alphabet Inc</b> and Huawei grew their market share in the year.</p><p><blockquote>相比之下,云基础设施领域的所有四大竞争对手,即<b>微软公司</b>,<b>阿里巴巴-SW集团控股</b>, 谷歌母公司<b>Alphabet公司</b>华为在这一年中的市场份额有所增长。</blockquote></p><p> <b>Why It Matters:</b>It's worth noting Amazon’s revenue of $26.2 billion from cloud infrastructure is still more than double that of the No. 2 player Microsoft’s $12.65 billion.</p><p><blockquote><b>为什么重要:</b>值得注意的是,亚马逊来自云基础设施的 262 亿美元收入仍然是排名第二的微软 126.5 亿美元的两倍多。</blockquote></p><p> Alibaba, at the third spot, generated $6.12 billion in cloud infrastructure revenue, while Google and Huawei churned $3.93 billion and $2.67 billion, respectively.</p><p><blockquote>排名第三的阿里巴巴-SW创造了61.2亿美元的云基础设施收入,而谷歌和华为分别创造了39.3亿美元和26.7亿美元。</blockquote></p><p> As per the report, the IaaS category itself grew 40.7% in 2020 to $64.3 billion as reliance on adopting cloud infrastructure boomed during the pandemic.</p><p><blockquote>根据该报告,随着对采用云基础设施的依赖在疫情期间蓬勃发展,IaaS类别本身在2020年增长了40.7%,达到643亿美元。</blockquote></p><p> Tech giants are seeing increasing competition in the cloud computing space and it is quickly turning out to be a key profit driver as corporates and businesses rush to support employees working from home during the pandemic.</p><p><blockquote>科技巨头看到云计算领域的竞争日益激烈,随着企业和企业在疫情期间争相支持在家工作的员工,云计算领域正迅速成为一个关键的利润驱动因素。</blockquote></p><p> <b>Price Action:</b>Amazon shares closed 1.25% higher at $3,443.89 on Monday.</p><p><blockquote><b>价格行为:</b>亚马逊股价周一收盘上涨 1.25%,至 3,443.89 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals<blockquote>亚马逊仍然是云计算领域的主导者,但正在失去对竞争对手的控制</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{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals<blockquote>亚马逊仍然是云计算领域的主导者,但正在失去对竞争对手的控制</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 Earnings </p>\n<p class=\"h-time smaller\">2021-06-29 19:35</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Amazon.com Inc</b> maintained its dominant position last year in the cloud infrastructure market that is worth billions, even as its share shrunk in the category that is growing fast, according to research firm Gartner.</p><p><blockquote><b>亚马逊公司</b>根据研究公司Gartner的数据,去年在价值数十亿美元的云基础设施市场中保持了主导地位,尽管其在快速增长的类别中的份额有所下降。</blockquote></p><p> <b>What happened:</b>In 2020, Amazon held a market share of about 41% in the infrastructure as a service (IaaS) category, slipping from 44.6% in 2019.</p><p><blockquote><b>发生了什么:</b>2020年,亚马逊在基础设施即服务(IaaS)类别中的市场份额约为41%,低于2019年的44.6%。</blockquote></p><p> In comparison, all top-four rivals in the cloud infrastructure space, namely <b>Microsoft Corp</b>,<b>Alibaba Group Holding</b>, Google-parent<b>Alphabet Inc</b> and Huawei grew their market share in the year.</p><p><blockquote>相比之下,云基础设施领域的所有四大竞争对手,即<b>微软公司</b>,<b>阿里巴巴-SW集团控股</b>, 谷歌母公司<b>Alphabet公司</b>华为在这一年中的市场份额有所增长。</blockquote></p><p> <b>Why It Matters:</b>It's worth noting Amazon’s revenue of $26.2 billion from cloud infrastructure is still more than double that of the No. 2 player Microsoft’s $12.65 billion.</p><p><blockquote><b>为什么重要:</b>值得注意的是,亚马逊来自云基础设施的 262 亿美元收入仍然是排名第二的微软 126.5 亿美元的两倍多。</blockquote></p><p> Alibaba, at the third spot, generated $6.12 billion in cloud infrastructure revenue, while Google and Huawei churned $3.93 billion and $2.67 billion, respectively.</p><p><blockquote>排名第三的阿里巴巴-SW创造了61.2亿美元的云基础设施收入,而谷歌和华为分别创造了39.3亿美元和26.7亿美元。</blockquote></p><p> As per the report, the IaaS category itself grew 40.7% in 2020 to $64.3 billion as reliance on adopting cloud infrastructure boomed during the pandemic.</p><p><blockquote>根据该报告,随着对采用云基础设施的依赖在疫情期间蓬勃发展,IaaS类别本身在2020年增长了40.7%,达到643亿美元。</blockquote></p><p> Tech giants are seeing increasing competition in the cloud computing space and it is quickly turning out to be a key profit driver as corporates and businesses rush to support employees working from home during the pandemic.</p><p><blockquote>科技巨头看到云计算领域的竞争日益激烈,随着企业和企业在疫情期间争相支持在家工作的员工,云计算领域正迅速成为一个关键的利润驱动因素。</blockquote></p><p> <b>Price Action:</b>Amazon shares closed 1.25% higher at $3,443.89 on Monday.</p><p><blockquote><b>价格行为:</b>亚马逊股价周一收盘上涨 1.25%,至 3,443.89 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170533728","content_text":"Amazon.com Inc maintained its dominant position last year in the cloud infrastructure market that is worth billions, even as its share shrunk in the category that is growing fast, according to research firm Gartner.\nWhat happened:In 2020, Amazon held a market share of about 41% in the infrastructure as a service (IaaS) category, slipping from 44.6% in 2019.\nIn comparison, all top-four rivals in the cloud infrastructure space, namely Microsoft Corp,Alibaba Group Holding, Google-parentAlphabet Inc and Huawei grew their market share in the year.\nWhy It Matters:It's worth noting Amazon’s revenue of $26.2 billion from cloud infrastructure is still more than double that of the No. 2 player Microsoft’s $12.65 billion.\nAlibaba, at the third spot, generated $6.12 billion in cloud infrastructure revenue, while Google and Huawei churned $3.93 billion and $2.67 billion, respectively.\nAs per the report, the IaaS category itself grew 40.7% in 2020 to $64.3 billion as reliance on adopting cloud infrastructure boomed during the pandemic.\nTech giants are seeing increasing competition in the cloud computing space and it is quickly turning out to be a key profit driver as corporates and businesses rush to support employees working from home during the pandemic.\nPrice Action:Amazon shares closed 1.25% higher at $3,443.89 on Monday.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150697556,"gmtCreate":1624895253775,"gmtModify":1633947299513,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150697556","repostId":"2146836375","repostType":4,"isVote":1,"tweetType":1,"viewCount":1363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127879265,"gmtCreate":1624844507157,"gmtModify":1633948093699,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"Stay safe hong kong","listText":"Stay safe hong kong","text":"Stay safe hong kong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127879265","repostId":"1174604007","repostType":4,"repost":{"id":"1174604007","kind":"news","pubTimestamp":1624843205,"share":"https://www.laohunote.com/m/news/1174604007?lang=zh_CN&edition=full","pubTime":"2021-06-28 09:20","market":"hk","language":"en","title":"Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消早盘交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174604007","media":"Marketwatch","summary":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm","content":"<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于暴雨警报,香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示,暂停和可能取消交易也适用于港中通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警报在中午或之前取消,港交所表示将在下午恢复其证券和衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>报告称,如果警报在中午仍然存在,所有下午交易也将被取消。</blockquote></p><p></p>","source":"market_watch","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>Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消早盘交易</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消早盘交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-06-28 09:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于暴雨警报,香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示,暂停和可能取消交易也适用于港中通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警报在中午或之前取消,港交所表示将在下午恢复其证券和衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>报告称,如果警报在中午仍然存在,所有下午交易也将被取消。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516\">Marketwatch</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1174604007","content_text":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.\nThe suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.\nIf the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.\nIf the alert remains at noon, all afternoon trading will be cancelled as well, it said.","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":2015,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124577314,"gmtCreate":1624775948938,"gmtModify":1633948702791,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124577314","repostId":"1184001921","repostType":4,"repost":{"id":"1184001921","kind":"news","pubTimestamp":1624763737,"share":"https://www.laohunote.com/m/news/1184001921?lang=zh_CN&edition=full","pubTime":"2021-06-27 11:15","market":"us","language":"en","title":"Amazon: Good Stock, Not Good Price<blockquote>亚马逊:库存好,价格不好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184001921","media":"seekingalpha","summary":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce i","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li> <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li> <li>This article looks at what Amazon stock is most likely worth for us investors.</li> <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一,引领着电子商务行业和云计算服务。</li><li>不幸的是,它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今,根据我的内在价值模型,亚马逊(AMZN)似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章,其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧,我想今天轮到亚马逊了。我只是试图分享我认为公司的价值,我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中,我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点,所以我会尝试分享我的估值背后的原因,以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家,而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”,即根据过去的数据做出假设。数据外推不是很好,因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后,我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低,因为低买高卖赔钱不如低买高卖。</blockquote></p><p> Warren Buffett said, “The three most important words in investing are <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing. Rule 1 Investing This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说:“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值,并寻求以较大的安全边际购买。我希望你喜欢,一如既往,我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱?亚马逊分为3个部门:北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业(电子商务和云计算)的市场领导者,亚马逊未来很可能会继续保持高增长。在本节中,我查看了亚马逊每个细分市场过去的收入增长和营业利润率,并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来,我把每个细分市场的数字加起来,对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降,营业利润率将强劲。我预计收入增长会放缓,因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是,我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门,我预计年收入增长 20%,营业利润率将有所提高。我认为营业利润率会逐渐提高,直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分,这里是 AWS:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%,因为云计算有很大的增长空间,根据研究和市场,到2025年,云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外,我预计营业利润率为 28%,因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件,该公司能够将成本分摊到更多人身上,从而获得更高的利润。亚马逊的营业利润率有可能超过 28%,因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起,以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的?你可能会发现分析亚马逊的资本配置很有趣,这样你就可以看到亚马逊用它的钱做了什么,以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知,亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看,他们似乎没有通过出售股票筹集到任何资金,也没有花任何钱回购股票。</blockquote></p><p> In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration. <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i> Source:2020 10-K page 60, <i>emphasis added</i> But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月,董事会批准了一项回购高达50亿美元普通股的计划,没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源:2020 10-K 第 60 页,<i>增加了重点</i>但就我们的目的而言,这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱,这很好,因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是,亚马逊在过去5年里积累了大量闲置现金。自2016年以来,他们的现金头寸增加了约580亿美元,从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金,因此我们可能会看到未来的支出将用于股息、股票回购、新收购,或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先,我对亚马逊使用了 7.7% 的贴现率,因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%,过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中,您可以在顶部 2 个红色方框中看到,我预计该公司的收入增长将较低,营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计,到 2025 年,亚马逊的收入将超过 8500 亿美元。仔细想想,这绝对是疯狂的,但根据预计的收入增长,这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前,沃尔玛(纽约证券交易所股票代码:WMT)以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三,约为 3900 亿美元。5年后,亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部,您可以看到一个红色框,显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润,不包括利息或债务支付。在绿松石框中,我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今,亚马逊似乎被高估了。该模型预测该股可能被高估约 15%,如果我们今天投资,我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西,我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部,我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是,AMZN 股票越便宜,我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计,每股 2,200 美元的年回报率约为 15%,每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时,将买入价设定在 2,000 美元左右是不是似乎不合理?”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是,如果我们有耐心,我们可能会有机会以低价购买这些股票。去年2月,亚马逊的交易价格低于1900美元(我希望我当时买了一些)。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今,亚马逊似乎被略微高估了,因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者,你就应该出售亚马逊,因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票,亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了,你想进入亚马逊,现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票,我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读,我希望你今天过得愉快。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: Good Stock, Not Good Price<blockquote>亚马逊:库存好,价格不好</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Good Stock, Not Good Price<blockquote>亚马逊:库存好,价格不好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li> <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li> <li>This article looks at what Amazon stock is most likely worth for us investors.</li> <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一,引领着电子商务行业和云计算服务。</li><li>不幸的是,它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今,根据我的内在价值模型,亚马逊(AMZN)似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章,其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧,我想今天轮到亚马逊了。我只是试图分享我认为公司的价值,我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中,我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点,所以我会尝试分享我的估值背后的原因,以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家,而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”,即根据过去的数据做出假设。数据外推不是很好,因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后,我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低,因为低买高卖赔钱不如低买高卖。</blockquote></p><p> Warren Buffett said, “The three most important words in investing are <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing. Rule 1 Investing This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说:“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值,并寻求以较大的安全边际购买。我希望你喜欢,一如既往,我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱?亚马逊分为3个部门:北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业(电子商务和云计算)的市场领导者,亚马逊未来很可能会继续保持高增长。在本节中,我查看了亚马逊每个细分市场过去的收入增长和营业利润率,并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来,我把每个细分市场的数字加起来,对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降,营业利润率将强劲。我预计收入增长会放缓,因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是,我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门,我预计年收入增长 20%,营业利润率将有所提高。我认为营业利润率会逐渐提高,直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分,这里是 AWS:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%,因为云计算有很大的增长空间,根据研究和市场,到2025年,云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外,我预计营业利润率为 28%,因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件,该公司能够将成本分摊到更多人身上,从而获得更高的利润。亚马逊的营业利润率有可能超过 28%,因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起,以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的?你可能会发现分析亚马逊的资本配置很有趣,这样你就可以看到亚马逊用它的钱做了什么,以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知,亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看,他们似乎没有通过出售股票筹集到任何资金,也没有花任何钱回购股票。</blockquote></p><p> In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration. <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i> Source:2020 10-K page 60, <i>emphasis added</i> But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月,董事会批准了一项回购高达50亿美元普通股的计划,没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源:2020 10-K 第 60 页,<i>增加了重点</i>但就我们的目的而言,这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱,这很好,因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是,亚马逊在过去5年里积累了大量闲置现金。自2016年以来,他们的现金头寸增加了约580亿美元,从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金,因此我们可能会看到未来的支出将用于股息、股票回购、新收购,或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先,我对亚马逊使用了 7.7% 的贴现率,因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%,过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中,您可以在顶部 2 个红色方框中看到,我预计该公司的收入增长将较低,营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计,到 2025 年,亚马逊的收入将超过 8500 亿美元。仔细想想,这绝对是疯狂的,但根据预计的收入增长,这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前,沃尔玛(纽约证券交易所股票代码:WMT)以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三,约为 3900 亿美元。5年后,亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部,您可以看到一个红色框,显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润,不包括利息或债务支付。在绿松石框中,我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今,亚马逊似乎被高估了。该模型预测该股可能被高估约 15%,如果我们今天投资,我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西,我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部,我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是,AMZN 股票越便宜,我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计,每股 2,200 美元的年回报率约为 15%,每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时,将买入价设定在 2,000 美元左右是不是似乎不合理?”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是,如果我们有耐心,我们可能会有机会以低价购买这些股票。去年2月,亚马逊的交易价格低于1900美元(我希望我当时买了一些)。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今,亚马逊似乎被略微高估了,因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者,你就应该出售亚马逊,因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票,亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了,你想进入亚马逊,现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票,我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读,我希望你今天过得愉快。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price\">seekingalpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184001921","content_text":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.\nThis article looks at what Amazon stock is most likely worth for us investors.\nI hope you enjoy.\n\nSundry Photography/iStock Editorial via Getty Images\nToday, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.\nSource: Author\nYou might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.\nIn this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.\nSomething important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.\nThis method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.\nBut after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.\n\n Warren Buffett said, “The three most important words in investing are\n margin of safety.” That means to buy stuff on sale... That's the whole secret to great investing.\n\n\n Rule 1 Investing\n\nThis model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.\nBusiness Model\nWhere does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.\nAs a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.\nAnd later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nI projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.\nHopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.\nHere's a look at Amazon's International segment:\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nFor Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.\nAnd for Amazon's last and most exciting segment, here's AWS:\nSource: Author\nAWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.\nAdditionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.\nThese projections were added together to help us figure out what the entire company should be worth.\nCapital Allocation\nHow does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.\nSource: Author\nThe biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.\n\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n There were no repurchases of common stock in 2018, 2019, or 2020.\n\n\n Source:2020 10-K page 60,\n emphasis added\n\nBut for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.\nAmazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.\nAmazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.\nValuation\nFirst, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.\nSource: Author\nI used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.\nThis model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.\nRight now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.\nSource: Author\nDown at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.\nSource: Author\nToday, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.\nThese estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.\nDown at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.\nThe model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.\n\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.\nBut the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.\nRecap\nToday, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.\nBut if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.\nEven if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.\nThank you very much for reading, and I hope that you have a great rest of your day.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125692234,"gmtCreate":1624670573728,"gmtModify":1633949849423,"author":{"id":"3576887399318353","authorId":"3576887399318353","name":"ELONLEE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576887399318353","authorIdStr":"3576887399318353"},"themes":[],"title":"","htmlText":"Pewpew! ","listText":"Pewpew! 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