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- QqSMQqSM
  ·2021-07-27
  Snap it up!
  Snap Stock: One Of Fastest Growing Social Media Companies<blockquote>Snap股票：增长最快的社交媒体公司之一</blockquote>
  Summary Snap had a high bar to cross to impress investors. And not only did its Q2 results succeed
  Snap Stock: One Of Fastest Growing Social Media Companies<blockquote>Snap股票：增长最快的社交媒体公司之一</blockquote>
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- QqSMQqSM
  ·2021-07-27
  Nice analysis. Thanks
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-27
  Place your own bets and blame no one. Like please. Thanks much.
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-23
  Good to know. Like please. Thanks much
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-23
  Phenomenal. Please like. Thanks
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-23
  Good review. Please like. Thanks much
  Asian Markets Mostly Lower Cautious Trade<blockquote>亚洲市场大多走低谨慎交易</blockquote>
  Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wa
  Asian Markets Mostly Lower Cautious Trade<blockquote>亚洲市场大多走低谨慎交易</blockquote>
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- QqSMQqSM
  ·2021-07-23
  Good review. Please like. Thanks much
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-23
  Let’s see what’s next. Please like. Thanks much
  非常抱歉，此主贴已删除
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- QqSMQqSM
  ·2021-07-22
  Great summary. Thanks
  Moderna Joins Top S&P 500 Firms as Stock Value Triples<blockquote>Moderna 加入标普500顶级公司行列，股票价值增加两倍</blockquote>
  (Bloomberg) -- Moderna Inc. joined the S&P 500 on Wednesday as the index’s the best performing stock
  Moderna Joins Top S&P 500 Firms as Stock Value Triples<blockquote>Moderna 加入标普500顶级公司行列，股票价值增加两倍</blockquote>
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- QqSMQqSM
  ·2021-07-22
  Great stuff. Like please
  非常抱歉，此主贴已删除
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And not only did its Q2 results succeed ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Snap had a high bar to cross to impress investors. And not only did its Q2 results succeed but, looking out to its Q3 guidance, its prospects remain very attractive.</li>  <li>Snap's ARPU in North America was the highlight of its Q2 results.</li>  <li>Snap is not in the bargain basement. Hence, investors looking to buy at this stage will have to take a buy-and-hold investment strategy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce123df394d362ecf57640f1621162e3\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Geber86/E+ via Getty Images</span></p><p><blockquote><ul><li>Snap要给投资者留下深刻印象，需要跨越很高的门槛。其第二季度业绩不仅取得了成功，而且从第三季度指引来看，其前景仍然非常有吸引力。</li><li>Snap 在北美的 ARPU 是其第二季度业绩的亮点。</li><li>Snap不在便宜货地下室。因此，希望在现阶段买入的投资者将不得不采取买入并持有的投资策略。</li></ul><p class=\"t-img-caption\"><span>Geber86/E+ 来自盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Snap (SNAP) reported yet another impressive result and Q3 2021 guidance. And as we dig into its results, there are no obvious blemishes in the report. Snap continues growing its top line revenues at very strong rates, while its bottom line EBITDA growth is even more impressive.</p><p><blockquote>SNAP（SNAP）报告了另一项令人印象深刻的业绩和 2021 年第三季度指引。当我们深入研究其结果时，报告中没有明显的瑕疵。Snap继续以非常强劲的速度增长其营收，而其利润 EBITDA 增长则更加令人印象深刻。</blockquote></p><p> At 29x forward sales, the stock is not cheap. And investors considering this investment opportunity will have to adopt a very&nbsp;<i>strong-willed buy-and-hold investment strategy</i>. Because at this valuation, the stock is already pricing in a lot of future growth.</p><p><blockquote>以 29 倍的远期销售额计算，这只股票并不便宜。考虑这一投资机会的投资者将不得不采取非常<i>意志坚强的买入并持有投资策略</i>.因为在这个估值下，该股已经在为未来的增长定价。</blockquote></p><p> <b>Revenue Growth Rates Are Incredibly Strong</b></p><p><blockquote><b>收入增长率非常强劲</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72843b7d7a6cc562b484e25eac7cacbe\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\"><span>Source: author's calculations; **high-end guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者的计算；**高端指导</span></p></blockquote></p><p> Q2 2021 was always going to look strong given just how weak the advertising industry found itself in the same period a year ago. Thus, Snap shareholders were clearly expecting a lot. But to see Snap come out with more than triple digits y/y revenue growth rates? That was particularly stunning.</p><p><blockquote>考虑到去年同期广告业的疲软程度，2021年第二季度看起来总是很强劲。因此，Snap股东显然期望很高。但看到Snap的同比收入增长率超过三位数？这尤其令人惊叹。</blockquote></p><p> Previously, I had noted that investors should look beyond&nbsp;Snap's maturing MAUs in North America, and look towards its International opportunity as its next wave of growth opportunities.</p><p><blockquote>此前，我曾指出，投资者应该超越 Snap 在北美成熟的 MAU，将其国际机会视为下一波增长机会。</blockquote></p><p> However, even though its overseas revenues were strong, the real driver of Snap's returns come from the pricing power of its North America users:</p><p><blockquote>然而，尽管其海外收入强劲，但 Snap 回报的真正驱动力来自其北美用户的定价权：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/95aca2444a479c7dc060c03d6bf0cec3\" tg-width=\"640\" tg-height=\"126\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In the table above, I've stripped out all the other details for us to focus our discussions around Snap's Average Revenue Per User (\"ARPU\"). As you can see, pricing in North America was the real driver of revenues, with ARPU up 116% y/y. Why is this important?</p><p><blockquote>在上表中，我已经剔除了所有其他细节，以便我们将讨论的重点集中在Snap的每用户平均收入（“ARPU”）上。如您所见，北美的定价是收入的真正驱动力，ARPU 同比增长 116%。为什么这很重要？</blockquote></p><p> It's important because it shows that, even on the back of just 6% y/y growth in DAUs in North America, advertisers are eager to reach out and connect with Snap's young demographic and pay up for that opportunity.</p><p><blockquote>这很重要，因为它表明，即使北美 DAU 同比仅增长 6%，广告商也渴望接触和联系 Snap 的年轻人群，并为这一机会付费。</blockquote></p><p> <b>Could Spectacles be the Next Wave of Growth for Snap?</b></p><p><blockquote><b>眼镜会成为Snap的下一波增长吗？</b></blockquote></p><p> For some time, Snap has been making investors aware that it's moving beyond just a social media platform and that it's now looking to take its Augmented Reality technology and deploy it into hardware.</p><p><blockquote>一段时间以来，Snap一直在让投资者意识到，它正在超越一个社交媒体平台，现在正在寻求将其增强现实技术部署到硬件中。</blockquote></p><p> At first, this was met with investor skepticism. After all, Snap was taking an asset-light and lucrative business and pivoting towards a hardware revenue business, with lower margins.</p><p><blockquote>起初，这遭到了投资者的怀疑。毕竟，Snap正在从事轻资产、利润丰厚的业务，并转向利润率较低的硬件收入业务。</blockquote></p><p> Indeed, it didn't make much sense why Snap would make such a move. Particularly given that Snap had, without any hardware investment, grown very successfully and built the necessary technology to spring off other manufacturers' capital investment into a business with nearly $4.5 billion in run-rate revenues as of Q4 2021.</p><p><blockquote>事实上，Snap为什么会做出这样的举动并没有多大意义。特别是考虑到Snap在没有任何硬件投资的情况下，发展非常成功，并建立了必要的技术，以吸引其他制造商对该业务的资本投资，截至 2021 年第四季度，该业务的运行率收入接近 45 亿美元。</blockquote></p><p> Having said that, Snap asserts that by further developing its&nbsp;Spectacles business unit, users can not only create more immersive content, but they will have access to other uses as well.</p><p><blockquote>话虽如此，Snap断言，通过进一步发展其眼镜业务部门，用户不仅可以创建更多身临其境的内容，还可以获得其他用途。</blockquote></p><p> For instance, by using Spectacles, users can use AR try-on technology to emulate a physical shopping experience and get clothing with the right fit and the right size, to reduce the need for online returns.</p><p><blockquote>例如，通过使用眼镜，用户可以使用AR试穿技术来模拟实体购物体验，并获得合适合身和尺寸的衣服，以减少在线退货的需求。</blockquote></p><p> The underlying idea is to increase user engagement and build an increased digital inventory of the users' life journeys. Other uses could be to increase the personalization of an online shopping experience.</p><p><blockquote>潜在的想法是增加用户参与度，并建立一个更多的用户生活旅程的数字库存。其他用途可能是增加在线购物体验的个性化。</blockquote></p><p> This is something that is likely to resonate strongly with Snap's young demographic and offers Snap an opportunity to differentiate itself against other players in this space.</p><p><blockquote>这可能会引起 Snap 年轻人口的强烈共鸣，并为Snap提供了一个在该领域与其他参与者区分开来的机会。</blockquote></p><p> While Snap is quick to note that this is not yet a fully-fledged solution, it's nevertheless a way to improve shoppers' online experience by making visualization personal and as close to real as possible.</p><p><blockquote>虽然Snap很快指出，这还不是一个成熟的解决方案，但它仍然是一种通过使可视化个性化并尽可能接近真实来改善购物者在线体验的方式。</blockquote></p><p> <i>Hence, the question investors have to answer is whether this is all already priced in or if there's still more upside potential?</i></p><p><blockquote><i>因此，投资者必须回答的问题是，这一切是否已经被定价，或者是否还有更多的上涨潜力？</i></blockquote></p><p> <b>SNAP Stock Valuation: Not Cheap</b></p><p><blockquote><b>SNAP股票估值：不便宜</b></blockquote></p><p></p><p> Snap is valued at approximately 29x forward sales. If we compare with Pinterest (PINS), which trades at approximately 19x forward sales, this reminds readers that a lot of excitement, optimism, expectation, and positive sentiment is evidently priced into Snap.</p><p><blockquote>Snap的估值约为远期销售额的 29 倍。如果我们将其与Pinterest (PINS) 进行比较，其交易价格约为远期销售额的 19 倍，这提醒读者，Snap显然体现了许多兴奋、乐观、期待和积极情绪。</blockquote></p><p> On the other hand, shareholders may be quick to remark that even if Snap is richly valued, high quality and rapidly growing businesses rarely trade in the bargain basement -- particularly towards the end of a very long bull market.</p><p><blockquote>另一方面，股东们可能很快就会指出，即使Snap估值很高，高质量和快速增长的企业也很少在便宜货的地下室交易——特别是在漫长牛市即将结束的时候。</blockquote></p><p> Moreover, keep in mind that Snap is now signaling to investors that its multi-year investments are now paying fruit and this now marks the third quarter of adjusted EBITDA profitability over its trailing twelve months.</p><p><blockquote>此外，请记住，Snap现在正在向投资者发出信号，其多年投资正在取得成果，这标志着其过去 12 个月调整后 EBITDA 盈利能力的第三季度。</blockquote></p><p> Hence, if Snap's Q2 2021's 116% top line appears strong and caught many headlines, then Snap's adjusted EBITDA growth of more than 200% looks even better.</p><p><blockquote>因此，如果 Snap 2021 年第二季度 116% 的营收显得强劲并成为许多头条新闻，那么 Snap 超过 200% 的调整后 EBITDA 增长看起来更好。</blockquote></p><p> What's more, as we look out to its guidance next quarter, its bottom line EBITDA is expected to once again posttriple digits EBITDA growth y/y.</p><p><blockquote>更重要的是，当我们展望下一季度的指引时，其底线 EBITDA 预计将再次实现三位数的 EBITDA 同比增长。</blockquote></p><p> <b>Premortem (Investment Risks)</b></p><p><blockquote><b>死亡前（投资风险）</b></blockquote></p><p> Arguably, the single bearish consideration is that Snap's valuation doesn't offer investors much room for error. Not only does it trade more expensively than other social platforms, but it's also clearly a richly valued stock.</p><p><blockquote>可以说，唯一的看跌考虑是 Snap 的估值没有给投资者提供太多的犯错空间。它不仅比其他社交平台的交易价格更高，而且显然也是一只估值很高的股票。</blockquote></p><p> To this end, we see that investors pricing a lot of optimism that Snap will continue to positively surprise investors. Consequently, any mishaps during any quarter, when a stock is so richly priced, leaves the stock primed for a meaningful sell-off.</p><p><blockquote>为此，我们看到投资者对Snap将继续给投资者带来积极惊喜的乐观情绪定价。因此，当一只股票的定价如此高时，任何季度的任何意外都会使该股票为有意义的抛售做好准备。</blockquote></p><p> Next, the bulk of investor thesis is to a large extent contingent on Snap's DAUs continuing to steadily increase. What's more, Q2 2021 marked just a mid-single-digit increase in DAUs in North America.</p><p><blockquote>接下来，投资者的大部分论点在很大程度上取决于 Snap 的 DAU 是否继续稳步增长。此外，2021 年第二季度北美 DAU 仅出现了中个位数的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cab82b3b3570378165d43957bf0e925c\" tg-width=\"640\" tg-height=\"65\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> If we look back to H1 2019 (pre-COVID), Snap's DAU growth was approximately compared with the same period in the prior year. This is an undeniable reminder that Snap's DAU growth had previously flattened and that it's entirely possible that it may flatten down once again. If that were to happen, investors would not regard Snap as a high growth name, and the number of investors that would be willing to pay for the stock would decrease.</p><p><blockquote>如果我们回顾2019年上半年（新冠疫情之前），Snap的DAU增长与上一年同期大致相当。这是一个不可否认的提醒，Snap 的 DAU 增长之前已经持平，而且完全有可能再次持平。如果发生这种情况，投资者就不会将Snap视为一个高增长的名字，愿意购买该股票的投资者数量也会减少。</blockquote></p><p> <b>The Bottom Line: Is SNAP A Good Buy?</b></p><p><blockquote><b>底线：SNAP值得购买吗？</b></blockquote></p><p> Even though Snap is not a cheap stock, Snap continues to demonstrate that its revenue growth rates remain incredibly strong.</p><p><blockquote>尽管Snap不是一只便宜的股票，但Snap继续证明其收入增长率仍然非常强劲。</blockquote></p><p> While there's a lot to like in Snap's investment, I will sit out this opportunity as I prefer to invest in companies where the outlook is not as rosy, but the valuation is dramatically cheaper.</p><p><blockquote>虽然 Snap 的投资有很多值得喜欢的地方，但我会错过这个机会，因为我更喜欢投资前景不那么乐观但估值要便宜得多的公司。</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>Snap Stock: One Of Fastest Growing Social Media Companies<blockquote>Snap股票：增长最快的社交媒体公司之一</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\">\nSnap Stock: One Of Fastest Growing Social Media Companies<blockquote>Snap股票：增长最快的社交媒体公司之一</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-27 19:28</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>Snap had a high bar to cross to impress investors. And not only did its Q2 results succeed but, looking out to its Q3 guidance, its prospects remain very attractive.</li>  <li>Snap's ARPU in North America was the highlight of its Q2 results.</li>  <li>Snap is not in the bargain basement. Hence, investors looking to buy at this stage will have to take a buy-and-hold investment strategy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce123df394d362ecf57640f1621162e3\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Geber86/E+ via Getty Images</span></p><p><blockquote><ul><li>Snap要给投资者留下深刻印象，需要跨越很高的门槛。其第二季度业绩不仅取得了成功，而且从第三季度指引来看，其前景仍然非常有吸引力。</li><li>Snap 在北美的 ARPU 是其第二季度业绩的亮点。</li><li>Snap不在便宜货地下室。因此，希望在现阶段买入的投资者将不得不采取买入并持有的投资策略。</li></ul><p class=\"t-img-caption\"><span>Geber86/E+ 来自盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Snap (SNAP) reported yet another impressive result and Q3 2021 guidance. And as we dig into its results, there are no obvious blemishes in the report. Snap continues growing its top line revenues at very strong rates, while its bottom line EBITDA growth is even more impressive.</p><p><blockquote>SNAP（SNAP）报告了另一项令人印象深刻的业绩和 2021 年第三季度指引。当我们深入研究其结果时，报告中没有明显的瑕疵。Snap继续以非常强劲的速度增长其营收，而其利润 EBITDA 增长则更加令人印象深刻。</blockquote></p><p> At 29x forward sales, the stock is not cheap. And investors considering this investment opportunity will have to adopt a very&nbsp;<i>strong-willed buy-and-hold investment strategy</i>. Because at this valuation, the stock is already pricing in a lot of future growth.</p><p><blockquote>以 29 倍的远期销售额计算，这只股票并不便宜。考虑这一投资机会的投资者将不得不采取非常<i>意志坚强的买入并持有投资策略</i>.因为在这个估值下，该股已经在为未来的增长定价。</blockquote></p><p> <b>Revenue Growth Rates Are Incredibly Strong</b></p><p><blockquote><b>收入增长率非常强劲</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72843b7d7a6cc562b484e25eac7cacbe\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\"><span>Source: author's calculations; **high-end guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者的计算；**高端指导</span></p></blockquote></p><p> Q2 2021 was always going to look strong given just how weak the advertising industry found itself in the same period a year ago. Thus, Snap shareholders were clearly expecting a lot. But to see Snap come out with more than triple digits y/y revenue growth rates? That was particularly stunning.</p><p><blockquote>考虑到去年同期广告业的疲软程度，2021年第二季度看起来总是很强劲。因此，Snap股东显然期望很高。但看到Snap的同比收入增长率超过三位数？这尤其令人惊叹。</blockquote></p><p> Previously, I had noted that investors should look beyond&nbsp;Snap's maturing MAUs in North America, and look towards its International opportunity as its next wave of growth opportunities.</p><p><blockquote>此前，我曾指出，投资者应该超越 Snap 在北美成熟的 MAU，将其国际机会视为下一波增长机会。</blockquote></p><p> However, even though its overseas revenues were strong, the real driver of Snap's returns come from the pricing power of its North America users:</p><p><blockquote>然而，尽管其海外收入强劲，但 Snap 回报的真正驱动力来自其北美用户的定价权：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/95aca2444a479c7dc060c03d6bf0cec3\" tg-width=\"640\" tg-height=\"126\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In the table above, I've stripped out all the other details for us to focus our discussions around Snap's Average Revenue Per User (\"ARPU\"). As you can see, pricing in North America was the real driver of revenues, with ARPU up 116% y/y. Why is this important?</p><p><blockquote>在上表中，我已经剔除了所有其他细节，以便我们将讨论的重点集中在Snap的每用户平均收入（“ARPU”）上。如您所见，北美的定价是收入的真正驱动力，ARPU 同比增长 116%。为什么这很重要？</blockquote></p><p> It's important because it shows that, even on the back of just 6% y/y growth in DAUs in North America, advertisers are eager to reach out and connect with Snap's young demographic and pay up for that opportunity.</p><p><blockquote>这很重要，因为它表明，即使北美 DAU 同比仅增长 6%，广告商也渴望接触和联系 Snap 的年轻人群，并为这一机会付费。</blockquote></p><p> <b>Could Spectacles be the Next Wave of Growth for Snap?</b></p><p><blockquote><b>眼镜会成为Snap的下一波增长吗？</b></blockquote></p><p> For some time, Snap has been making investors aware that it's moving beyond just a social media platform and that it's now looking to take its Augmented Reality technology and deploy it into hardware.</p><p><blockquote>一段时间以来，Snap一直在让投资者意识到，它正在超越一个社交媒体平台，现在正在寻求将其增强现实技术部署到硬件中。</blockquote></p><p> At first, this was met with investor skepticism. After all, Snap was taking an asset-light and lucrative business and pivoting towards a hardware revenue business, with lower margins.</p><p><blockquote>起初，这遭到了投资者的怀疑。毕竟，Snap正在从事轻资产、利润丰厚的业务，并转向利润率较低的硬件收入业务。</blockquote></p><p> Indeed, it didn't make much sense why Snap would make such a move. Particularly given that Snap had, without any hardware investment, grown very successfully and built the necessary technology to spring off other manufacturers' capital investment into a business with nearly $4.5 billion in run-rate revenues as of Q4 2021.</p><p><blockquote>事实上，Snap为什么会做出这样的举动并没有多大意义。特别是考虑到Snap在没有任何硬件投资的情况下，发展非常成功，并建立了必要的技术，以吸引其他制造商对该业务的资本投资，截至 2021 年第四季度，该业务的运行率收入接近 45 亿美元。</blockquote></p><p> Having said that, Snap asserts that by further developing its&nbsp;Spectacles business unit, users can not only create more immersive content, but they will have access to other uses as well.</p><p><blockquote>话虽如此，Snap断言，通过进一步发展其眼镜业务部门，用户不仅可以创建更多身临其境的内容，还可以获得其他用途。</blockquote></p><p> For instance, by using Spectacles, users can use AR try-on technology to emulate a physical shopping experience and get clothing with the right fit and the right size, to reduce the need for online returns.</p><p><blockquote>例如，通过使用眼镜，用户可以使用AR试穿技术来模拟实体购物体验，并获得合适合身和尺寸的衣服，以减少在线退货的需求。</blockquote></p><p> The underlying idea is to increase user engagement and build an increased digital inventory of the users' life journeys. Other uses could be to increase the personalization of an online shopping experience.</p><p><blockquote>潜在的想法是增加用户参与度，并建立一个更多的用户生活旅程的数字库存。其他用途可能是增加在线购物体验的个性化。</blockquote></p><p> This is something that is likely to resonate strongly with Snap's young demographic and offers Snap an opportunity to differentiate itself against other players in this space.</p><p><blockquote>这可能会引起 Snap 年轻人口的强烈共鸣，并为Snap提供了一个在该领域与其他参与者区分开来的机会。</blockquote></p><p> While Snap is quick to note that this is not yet a fully-fledged solution, it's nevertheless a way to improve shoppers' online experience by making visualization personal and as close to real as possible.</p><p><blockquote>虽然Snap很快指出，这还不是一个成熟的解决方案，但它仍然是一种通过使可视化个性化并尽可能接近真实来改善购物者在线体验的方式。</blockquote></p><p> <i>Hence, the question investors have to answer is whether this is all already priced in or if there's still more upside potential?</i></p><p><blockquote><i>因此，投资者必须回答的问题是，这一切是否已经被定价，或者是否还有更多的上涨潜力？</i></blockquote></p><p> <b>SNAP Stock Valuation: Not Cheap</b></p><p><blockquote><b>SNAP股票估值：不便宜</b></blockquote></p><p></p><p> Snap is valued at approximately 29x forward sales. If we compare with Pinterest (PINS), which trades at approximately 19x forward sales, this reminds readers that a lot of excitement, optimism, expectation, and positive sentiment is evidently priced into Snap.</p><p><blockquote>Snap的估值约为远期销售额的 29 倍。如果我们将其与Pinterest (PINS) 进行比较，其交易价格约为远期销售额的 19 倍，这提醒读者，Snap显然体现了许多兴奋、乐观、期待和积极情绪。</blockquote></p><p> On the other hand, shareholders may be quick to remark that even if Snap is richly valued, high quality and rapidly growing businesses rarely trade in the bargain basement -- particularly towards the end of a very long bull market.</p><p><blockquote>另一方面，股东们可能很快就会指出，即使Snap估值很高，高质量和快速增长的企业也很少在便宜货的地下室交易——特别是在漫长牛市即将结束的时候。</blockquote></p><p> Moreover, keep in mind that Snap is now signaling to investors that its multi-year investments are now paying fruit and this now marks the third quarter of adjusted EBITDA profitability over its trailing twelve months.</p><p><blockquote>此外，请记住，Snap现在正在向投资者发出信号，其多年投资正在取得成果，这标志着其过去 12 个月调整后 EBITDA 盈利能力的第三季度。</blockquote></p><p> Hence, if Snap's Q2 2021's 116% top line appears strong and caught many headlines, then Snap's adjusted EBITDA growth of more than 200% looks even better.</p><p><blockquote>因此，如果 Snap 2021 年第二季度 116% 的营收显得强劲并成为许多头条新闻，那么 Snap 超过 200% 的调整后 EBITDA 增长看起来更好。</blockquote></p><p> What's more, as we look out to its guidance next quarter, its bottom line EBITDA is expected to once again posttriple digits EBITDA growth y/y.</p><p><blockquote>更重要的是，当我们展望下一季度的指引时，其底线 EBITDA 预计将再次实现三位数的 EBITDA 同比增长。</blockquote></p><p> <b>Premortem (Investment Risks)</b></p><p><blockquote><b>死亡前（投资风险）</b></blockquote></p><p> Arguably, the single bearish consideration is that Snap's valuation doesn't offer investors much room for error. Not only does it trade more expensively than other social platforms, but it's also clearly a richly valued stock.</p><p><blockquote>可以说，唯一的看跌考虑是 Snap 的估值没有给投资者提供太多的犯错空间。它不仅比其他社交平台的交易价格更高，而且显然也是一只估值很高的股票。</blockquote></p><p> To this end, we see that investors pricing a lot of optimism that Snap will continue to positively surprise investors. Consequently, any mishaps during any quarter, when a stock is so richly priced, leaves the stock primed for a meaningful sell-off.</p><p><blockquote>为此，我们看到投资者对Snap将继续给投资者带来积极惊喜的乐观情绪定价。因此，当一只股票的定价如此高时，任何季度的任何意外都会使该股票为有意义的抛售做好准备。</blockquote></p><p> Next, the bulk of investor thesis is to a large extent contingent on Snap's DAUs continuing to steadily increase. What's more, Q2 2021 marked just a mid-single-digit increase in DAUs in North America.</p><p><blockquote>接下来，投资者的大部分论点在很大程度上取决于 Snap 的 DAU 是否继续稳步增长。此外，2021 年第二季度北美 DAU 仅出现了中个位数的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cab82b3b3570378165d43957bf0e925c\" tg-width=\"640\" tg-height=\"65\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> If we look back to H1 2019 (pre-COVID), Snap's DAU growth was approximately compared with the same period in the prior year. This is an undeniable reminder that Snap's DAU growth had previously flattened and that it's entirely possible that it may flatten down once again. If that were to happen, investors would not regard Snap as a high growth name, and the number of investors that would be willing to pay for the stock would decrease.</p><p><blockquote>如果我们回顾2019年上半年（新冠疫情之前），Snap的DAU增长与上一年同期大致相当。这是一个不可否认的提醒，Snap 的 DAU 增长之前已经持平，而且完全有可能再次持平。如果发生这种情况，投资者就不会将Snap视为一个高增长的名字，愿意购买该股票的投资者数量也会减少。</blockquote></p><p> <b>The Bottom Line: Is SNAP A Good Buy?</b></p><p><blockquote><b>底线：SNAP值得购买吗？</b></blockquote></p><p> Even though Snap is not a cheap stock, Snap continues to demonstrate that its revenue growth rates remain incredibly strong.</p><p><blockquote>尽管Snap不是一只便宜的股票，但Snap继续证明其收入增长率仍然非常强劲。</blockquote></p><p> While there's a lot to like in Snap's investment, I will sit out this opportunity as I prefer to invest in companies where the outlook is not as rosy, but the valuation is dramatically cheaper.</p><p><blockquote>虽然 Snap 的投资有很多值得喜欢的地方，但我会错过这个机会，因为我更喜欢投资前景不那么乐观但估值要便宜得多的公司。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4441412-snap-one-of-fastest-growing-social-media-companies\">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":{"SNAP":"Snap Inc"},"source_url":"https://seekingalpha.com/article/4441412-snap-one-of-fastest-growing-social-media-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118738178","content_text":"Summary\n\nSnap had a high bar to cross to impress investors. And not only did its Q2 results succeed but, looking out to its Q3 guidance, its prospects remain very attractive.\nSnap's ARPU in North America was the highlight of its Q2 results.\nSnap is not in the bargain basement. Hence, investors looking to buy at this stage will have to take a buy-and-hold investment strategy.\n\nGeber86/E+ via Getty Images\nInvestment Thesis\nSnap (SNAP) reported yet another impressive result and Q3 2021 guidance. And as we dig into its results, there are no obvious blemishes in the report. Snap continues growing its top line revenues at very strong rates, while its bottom line EBITDA growth is even more impressive.\nAt 29x forward sales, the stock is not cheap. And investors considering this investment opportunity will have to adopt a very strong-willed buy-and-hold investment strategy. Because at this valuation, the stock is already pricing in a lot of future growth.\nRevenue Growth Rates Are Incredibly Strong\nSource: author's calculations; **high-end guidance\nQ2 2021 was always going to look strong given just how weak the advertising industry found itself in the same period a year ago. Thus, Snap shareholders were clearly expecting a lot. But to see Snap come out with more than triple digits y/y revenue growth rates? That was particularly stunning.\nPreviously, I had noted that investors should look beyond Snap's maturing MAUs in North America, and look towards its International opportunity as its next wave of growth opportunities.\nHowever, even though its overseas revenues were strong, the real driver of Snap's returns come from the pricing power of its North America users:\n\nIn the table above, I've stripped out all the other details for us to focus our discussions around Snap's Average Revenue Per User (\"ARPU\"). As you can see, pricing in North America was the real driver of revenues, with ARPU up 116% y/y. Why is this important?\nIt's important because it shows that, even on the back of just 6% y/y growth in DAUs in North America, advertisers are eager to reach out and connect with Snap's young demographic and pay up for that opportunity.\nCould Spectacles be the Next Wave of Growth for Snap?\nFor some time, Snap has been making investors aware that it's moving beyond just a social media platform and that it's now looking to take its Augmented Reality technology and deploy it into hardware.\nAt first, this was met with investor skepticism. After all, Snap was taking an asset-light and lucrative business and pivoting towards a hardware revenue business, with lower margins.\nIndeed, it didn't make much sense why Snap would make such a move. Particularly given that Snap had, without any hardware investment, grown very successfully and built the necessary technology to spring off other manufacturers' capital investment into a business with nearly $4.5 billion in run-rate revenues as of Q4 2021.\nHaving said that, Snap asserts that by further developing its Spectacles business unit, users can not only create more immersive content, but they will have access to other uses as well.\nFor instance, by using Spectacles, users can use AR try-on technology to emulate a physical shopping experience and get clothing with the right fit and the right size, to reduce the need for online returns.\nThe underlying idea is to increase user engagement and build an increased digital inventory of the users' life journeys. Other uses could be to increase the personalization of an online shopping experience.\nThis is something that is likely to resonate strongly with Snap's young demographic and offers Snap an opportunity to differentiate itself against other players in this space.\nWhile Snap is quick to note that this is not yet a fully-fledged solution, it's nevertheless a way to improve shoppers' online experience by making visualization personal and as close to real as possible.\nHence, the question investors have to answer is whether this is all already priced in or if there's still more upside potential?\nSNAP Stock Valuation: Not Cheap\nSnap is valued at approximately 29x forward sales. If we compare with Pinterest (PINS), which trades at approximately 19x forward sales, this reminds readers that a lot of excitement, optimism, expectation, and positive sentiment is evidently priced into Snap.\nOn the other hand, shareholders may be quick to remark that even if Snap is richly valued, high quality and rapidly growing businesses rarely trade in the bargain basement -- particularly towards the end of a very long bull market.\nMoreover, keep in mind that Snap is now signaling to investors that its multi-year investments are now paying fruit and this now marks the third quarter of adjusted EBITDA profitability over its trailing twelve months.\nHence, if Snap's Q2 2021's 116% top line appears strong and caught many headlines, then Snap's adjusted EBITDA growth of more than 200% looks even better.\nWhat's more, as we look out to its guidance next quarter, its bottom line EBITDA is expected to once again posttriple digits EBITDA growth y/y.\nPremortem (Investment Risks)\nArguably, the single bearish consideration is that Snap's valuation doesn't offer investors much room for error. Not only does it trade more expensively than other social platforms, but it's also clearly a richly valued stock.\nTo this end, we see that investors pricing a lot of optimism that Snap will continue to positively surprise investors. Consequently, any mishaps during any quarter, when a stock is so richly priced, leaves the stock primed for a meaningful sell-off.\nNext, the bulk of investor thesis is to a large extent contingent on Snap's DAUs continuing to steadily increase. What's more, Q2 2021 marked just a mid-single-digit increase in DAUs in North America.\n\nIf we look back to H1 2019 (pre-COVID), Snap's DAU growth was approximately compared with the same period in the prior year. This is an undeniable reminder that Snap's DAU growth had previously flattened and that it's entirely possible that it may flatten down once again. If that were to happen, investors would not regard Snap as a high growth name, and the number of investors that would be willing to pay for the stock would decrease.\nThe Bottom Line: Is SNAP A Good Buy?\nEven though Snap is not a cheap stock, Snap continues to demonstrate that its revenue growth rates remain incredibly strong.\nWhile there's a lot to like in Snap's investment, I will sit out this opportunity as I prefer to invest in companies where the outlook is not as rosy, but the valuation is dramatically cheaper.","news_type":1,"symbols_score_info":{"SNAP":0.9}},"isVote":1,"tweetType":1,"viewCount":2675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809426222,"gmtCreate":1627388655666,"gmtModify":1633765498766,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Nice analysis. Thanks","listText":"Nice analysis. Thanks","text":"Nice analysis. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809426222","repostId":"1180394633","repostType":4,"isVote":1,"tweetType":1,"viewCount":1818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809486680,"gmtCreate":1627387307440,"gmtModify":1633765511750,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Place your own bets and blame no one. Like please. Thanks much.&nbsp;","listText":"Place your own bets and blame no one. Like please. Thanks much.&nbsp;","text":"Place your own bets and blame no one. Like please. Thanks much.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809486680","repostId":"1154449552","repostType":4,"isVote":1,"tweetType":1,"viewCount":2376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175800452,"gmtCreate":1627017870176,"gmtModify":1633768720759,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Good to know. Like please. Thanks much","listText":"Good to know. Like please. Thanks much","text":"Good to know. Like please. Thanks much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175800452","repostId":"2153918609","repostType":4,"isVote":1,"tweetType":1,"viewCount":2848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175174705,"gmtCreate":1627017742307,"gmtModify":1633768722391,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Phenomenal. Please like. Thanks","listText":"Phenomenal. Please like. Thanks","text":"Phenomenal. Please like. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175174705","repostId":"2153787206","repostType":4,"isVote":1,"tweetType":1,"viewCount":2395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175172731,"gmtCreate":1627017598923,"gmtModify":1633768724290,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Good review. Please like. Thanks much","listText":"Good review. Please like. Thanks much","text":"Good review. Please like. Thanks much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175172731","repostId":"1191333381","repostType":4,"repost":{"id":"1191333381","kind":"news","pubTimestamp":1627012258,"share":"https://www.laohu8.com/m/news/1191333381?lang=zh_CN&edition=full","pubTime":"2021-07-23 11:50","market":"hk","language":"en","title":"Asian Markets Mostly Lower Cautious Trade<blockquote>亚洲市场大多走低谨慎交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191333381","media":"RTTNews","summary":"Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wa","content":"<p>Asian stock&nbsp;markets&nbsp;are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in several parts across the world rendered the mood cautious. The markets are supported mainly by crude oil prices as they continue to recover from the recent selling-off. Asian markets ended mostly higher on Thursday.</p><p><blockquote>亚洲股市周五大多走低，无视华尔街隔夜发出的积极信号，因为对冠状病毒德尔塔变异毒株在世界多个地区蔓延的挥之不去的担忧使市场情绪谨慎。市场主要受到原油价格的支撑，因为它们继续从最近的抛售中复苏。亚洲市场周四大多收高。</blockquote></p><p> Australian stock market is slightly higher after early losses on Friday, extending the gains in the previous two sessions, with the benchmark S&amp;P/ASX 200 staying just below the 7,400 level, following the positive cues overnight from Wall Street. Traders also remain concerned amid the rapid spread of the highly contagiouscoronavirusvariants in four states and some regional areas, with lockdowns in three of the country's major cities limiting economic activity.</p><p><blockquote>澳大利亚股市在周五早盘下跌后小幅走高，延续了前两个交易日的涨幅，基准S&amp;P/ASX 200指数在隔夜华尔街发出积极信号后，保持在7400点以下。由于高传染性冠状病毒变种在四个州和一些地区迅速传播，该国三个主要城市的封锁限制了经济活动，贸易商仍然感到担忧。</blockquote></p><p> The benchmark S&amp;P/ASX 200 Index is gaining 9.80 points or 0.13 percent to 7,396.20, after hitting a low of 7,357.00 earlier. The broader All Ordinaries Index is up 14.50 points or 0.19 percent to 7,673.40. Australian markets ended modestly higher on Thursday.</p><p><blockquote>基准S&amp;P/ASX 200指数在早些时候触及7357.00点的低点后，上涨9.80点或0.13%，至7396.20点。更广泛的所有普通股指数上涨 14.50 点或 0.19%，至 7,673.40。澳大利亚股市周四小幅收高。</blockquote></p><p> Among major miners, <a href=\"https://laohu8.com/S/BHP\">BHP Billiton</a> is edging down 0.2 percent, while <a href=\"https://laohu8.com/S/RIO\">Rio Tinto PLC</a> and <a href=\"https://laohu8.com/S/OZMLF\">OZ Minerals Ltd.</a> are losing 0.5 percent each. <a href=\"https://laohu8.com/S/MALRF\">Mineral Resources Ltd.</a> is edging up 0.4 percent. <a href=\"https://laohu8.com/S/FSUGY\">Fortescue Metals Group Ltd</a> is flat.</p><p><blockquote>在主要矿商中，<a href=\"https://laohu8.com/S/BHP\">必和必拓</a>小幅下跌 0.2%，而<a href=\"https://laohu8.com/S/RIO\">力拓有限公司</a>和<a href=\"https://laohu8.com/S/OZMLF\">奥兹矿产有限公司</a>每人损失0.5%。<a href=\"https://laohu8.com/S/MALRF\">矿产资源有限公司</a>小幅上涨0.4%。<a href=\"https://laohu8.com/S/FSUGY\">福特斯库金属集团有限公司</a>是平的。</blockquote></p><p> Oil stocks are mixed. Oil Search is losing more than 1 percent, while <a href=\"https://laohu8.com/S/WOPEF\">Woodside Petroleum Ltd.</a> and Beach energy are edging down 0.4 percent each. Santos is down almost 2 percent, while Origin Energy is edging up 0.2 percent.</p><p><blockquote>石油股涨跌互现。石油勘探亏损超过 1%，而<a href=\"https://laohu8.com/S/WOPEF\">伍德赛德石油有限公司</a>Beach energy 和 Beach energy 各下跌 0.4%。Santos 下跌近 2%，而 Origin Energy 则小幅上涨 0.2%。</blockquote></p><p> Among tech stocks, <a href=\"https://laohu8.com/S/XRO.AU\">Xero</a> is gaining almost 2 percent, <a href=\"https://laohu8.com/S/WIGBY\">Wisetech Global</a> is adding almost 1 percent and Appen is up more than 2 percent. Afterpay is rising almost 3 percent.</p><p><blockquote>在科技股中，<a href=\"https://laohu8.com/S/XRO.AU\">Xero</a>增长将近2%，<a href=\"https://laohu8.com/S/WIGBY\">智慧科技全球</a>上涨近 1%，Appen 上涨超过 2%。Afterpay 上涨了近 3%。</blockquote></p><p> Shares in <a href=\"https://laohu8.com/S/Z1P.AU\">Zip</a> are gaining more than 3 percent after reports that the buy now, pay later (BNPL) firm is looking to provide users a chance to trade in cryptocurrencies as it braces for competition from <a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a>.</p><p><blockquote>于<a href=\"https://laohu8.com/S/Z1P.AU\">拉链</a>有报道称，先买后付 (BNPL) 公司正在寻求为用户提供交易加密货币的机会，以应对来自<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>.</blockquote></p><p> Among the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are all losing almost 1 percent each.</p><p><blockquote>在四大银行中，澳大利亚国民银行、联邦银行、澳新银行和西太平洋银行均下跌近 1%。</blockquote></p><p> Gold miners are mostly lower. Newcrest Mining is edging down 0.1 percent, while Resolute Mining and Gold Road Resources are down more than 2 percent each. <a href=\"https://laohu8.com/S/NST.AU\">Northern Star Resources</a> is losing almost 5 percent, while <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> is gaining more than 4 percent.</p><p><blockquote>金矿开采者大多较低。Newcrest Mining 小幅下跌 0.1%，而 Resolute Mining 和 Gold Road Resources 的股价均下跌超过 2%。<a href=\"https://laohu8.com/S/NST.AU\">北极星资源</a>损失近 5%，而<a href=\"https://laohu8.com/S/EVN.AU\">进化挖掘</a>增长超过4%。</blockquote></p><p> In other news, Australian casino operator <a href=\"https://laohu8.com/S/SGR.AU\">Star Entertainment</a> Group has withdrawn a $9 billion merger proposal with beleaguered rival Crown Resorts, on fears that it could lose the main licence to operate its Melbourne casino. Crown Resorts stock is down more than 2 percent.</p><p><blockquote>其他新闻，澳大利亚赌场运营商<a href=\"https://laohu8.com/S/SGR.AU\">明星娱乐</a>由于担心该集团可能会失去经营墨尔本赌场的主要许可证，该集团已撤回与陷入困境的竞争对手皇冠度假村价值 90 亿美元的合并提案。皇冠度假村股价下跌超过2%。</blockquote></p><p> In economic news, the services sector in Australia fell hard into contraction territory in July, the latest survey from <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Economics revealed on Friday with a 14-month low services PMI score of 44.2. That's down sharply from 56.8 in June and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that Australia's manufacturing PMI fell from 58.6 in June to 56.8 in July. The composite PMI slumped to 45.2 from 56.7 in the previous month.</p><p><blockquote>经济新闻方面，澳大利亚服务业7月份严重陷入收缩区域，最新调查显示<a href=\"https://laohu8.com/S/MRKT\">市场</a>周五公布的经济数据显示，服务业 PMI 得分为 44.2，创 14 个月新低。这比 6 月份的 56.8 大幅下降，远低于区分扩张和收缩的 50 点的繁荣或萧条线。调查还显示，澳大利亚制造业PMI从6月的58.6降至7月的56.8。综合PMI从上月的56.7降至45.2。</blockquote></p><p> In the currency market, the Aussie dollar is trading at $0.738 on Friday.</p><p><blockquote>在货币市场上，澳元周五交易价格为0.738美元。</blockquote></p><p> The Japanese stock market is closed for a long weekend on Thursday and Friday for public holidays, with the Tokyo 2020 Olympics opening ceremony on Friday. Japanese shares ended significantly higher on Wednesday.</p><p><blockquote>日本股市周四和周五因公共假期休市长周末，东京2020年奥运会开幕式将于周五举行。日本股市周三大幅收高。</blockquote></p><p> In the currency market, the U.S. dollar is trading in the lower 110 yen-range on Friday.</p><p><blockquote>在货币市场上，周五美元在110日元的较低区间内交易。</blockquote></p><p> Elsewhere in Asia, Hong Kong is losing 1 percent, while New Zealand, Indonesia, Malaysia, China and Singapore are all lower by between 0.1 and 0.5 percent each. South Korea is bucking the trend and is up 0.2 percent, while Taiwan is relatively flat.</p><p><blockquote>在亚洲其他地区，香港下跌1%，而新西兰、印度尼西亚、马来西亚、中国和新加坡的跌幅均在0.1%至0.5%之间。韩国逆势上涨0.2%，而台湾则相对持平。</blockquote></p><p> On Wall Street, stocks showed a lack of direction over much of the trading day on Thursday before ending the session modestly higher. With the uptick on the day, the major averages extended the rebound seen over the two previous sessions.</p><p><blockquote>在华尔街，周四交易日的大部分时间里，股市都缺乏方向，随后小幅走高。随着当天的上涨，主要平均指数延续了前两个交易日的反弹势头。</blockquote></p><p> The major averages all finished the day in positive territory but off their highs of the session. The Dow inched up 25.35 points or 0.1 percent to 34,823.35, the Nasdaq rose 52.64 points or 0.4 percent to 14,684.60 and the S&amp;P 500 edged up 8.79 points or 0.2 percent to 4,367.48.</p><p><blockquote>主要平均线均以正值收盘，但偏离了盘中高点。道琼斯指数小幅上涨25.35点或0.1%，至34,823.35点，纳斯达克指数上涨52.64点或0.4%，至14,684.60点，标普500指数小幅上涨8.79点或0.2%，至4,367.48点。</blockquote></p><p></p><p> Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index edged up by 0.3 percent and the German DAX Index climbed by 0.6 percent.</p><p><blockquote>与此同时，欧洲主要市场当天表现好坏参半。英国富时100指数下跌0.4%，法国CAC 40指数小幅上涨0.3%，德国DAX指数上涨0.6%。</blockquote></p><p> Crude oil futures settled higher on Thursday, gaining for a third successive day, thanks to reports showing strong gasoline demand and a rebound in distillate fuels. West Texas Intermediate crude oil futures for September ended up $1.61 or 2.3 percent at $71.91 a barrel.</p><p><blockquote>原油期货周四收高，连续第三天上涨，这得益于报告显示汽油需求强劲和馏分油反弹。9 月份西德克萨斯中质原油期货收盘上涨 1.61 美元，涨幅 2.3%，至每桶 71.91 美元。</blockquote></p><p></p>","source":"lsy1626938412129","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>Asian Markets Mostly Lower Cautious Trade<blockquote>亚洲市场大多走低谨慎交易</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\">\nAsian Markets Mostly Lower Cautious Trade<blockquote>亚洲市场大多走低谨慎交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-07-23 11:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Asian stock&nbsp;markets&nbsp;are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in several parts across the world rendered the mood cautious. The markets are supported mainly by crude oil prices as they continue to recover from the recent selling-off. Asian markets ended mostly higher on Thursday.</p><p><blockquote>亚洲股市周五大多走低，无视华尔街隔夜发出的积极信号，因为对冠状病毒德尔塔变异毒株在世界多个地区蔓延的挥之不去的担忧使市场情绪谨慎。市场主要受到原油价格的支撑，因为它们继续从最近的抛售中复苏。亚洲市场周四大多收高。</blockquote></p><p> Australian stock market is slightly higher after early losses on Friday, extending the gains in the previous two sessions, with the benchmark S&amp;P/ASX 200 staying just below the 7,400 level, following the positive cues overnight from Wall Street. Traders also remain concerned amid the rapid spread of the highly contagiouscoronavirusvariants in four states and some regional areas, with lockdowns in three of the country's major cities limiting economic activity.</p><p><blockquote>澳大利亚股市在周五早盘下跌后小幅走高，延续了前两个交易日的涨幅，基准S&amp;P/ASX 200指数在隔夜华尔街发出积极信号后，保持在7400点以下。由于高传染性冠状病毒变种在四个州和一些地区迅速传播，该国三个主要城市的封锁限制了经济活动，贸易商仍然感到担忧。</blockquote></p><p> The benchmark S&amp;P/ASX 200 Index is gaining 9.80 points or 0.13 percent to 7,396.20, after hitting a low of 7,357.00 earlier. The broader All Ordinaries Index is up 14.50 points or 0.19 percent to 7,673.40. Australian markets ended modestly higher on Thursday.</p><p><blockquote>基准S&amp;P/ASX 200指数在早些时候触及7357.00点的低点后，上涨9.80点或0.13%，至7396.20点。更广泛的所有普通股指数上涨 14.50 点或 0.19%，至 7,673.40。澳大利亚股市周四小幅收高。</blockquote></p><p> Among major miners, <a href=\"https://laohu8.com/S/BHP\">BHP Billiton</a> is edging down 0.2 percent, while <a href=\"https://laohu8.com/S/RIO\">Rio Tinto PLC</a> and <a href=\"https://laohu8.com/S/OZMLF\">OZ Minerals Ltd.</a> are losing 0.5 percent each. <a href=\"https://laohu8.com/S/MALRF\">Mineral Resources Ltd.</a> is edging up 0.4 percent. <a href=\"https://laohu8.com/S/FSUGY\">Fortescue Metals Group Ltd</a> is flat.</p><p><blockquote>在主要矿商中，<a href=\"https://laohu8.com/S/BHP\">必和必拓</a>小幅下跌 0.2%，而<a href=\"https://laohu8.com/S/RIO\">力拓有限公司</a>和<a href=\"https://laohu8.com/S/OZMLF\">奥兹矿产有限公司</a>每人损失0.5%。<a href=\"https://laohu8.com/S/MALRF\">矿产资源有限公司</a>小幅上涨0.4%。<a href=\"https://laohu8.com/S/FSUGY\">福特斯库金属集团有限公司</a>是平的。</blockquote></p><p> Oil stocks are mixed. Oil Search is losing more than 1 percent, while <a href=\"https://laohu8.com/S/WOPEF\">Woodside Petroleum Ltd.</a> and Beach energy are edging down 0.4 percent each. Santos is down almost 2 percent, while Origin Energy is edging up 0.2 percent.</p><p><blockquote>石油股涨跌互现。石油勘探亏损超过 1%，而<a href=\"https://laohu8.com/S/WOPEF\">伍德赛德石油有限公司</a>Beach energy 和 Beach energy 各下跌 0.4%。Santos 下跌近 2%，而 Origin Energy 则小幅上涨 0.2%。</blockquote></p><p> Among tech stocks, <a href=\"https://laohu8.com/S/XRO.AU\">Xero</a> is gaining almost 2 percent, <a href=\"https://laohu8.com/S/WIGBY\">Wisetech Global</a> is adding almost 1 percent and Appen is up more than 2 percent. Afterpay is rising almost 3 percent.</p><p><blockquote>在科技股中，<a href=\"https://laohu8.com/S/XRO.AU\">Xero</a>增长将近2%，<a href=\"https://laohu8.com/S/WIGBY\">智慧科技全球</a>上涨近 1%，Appen 上涨超过 2%。Afterpay 上涨了近 3%。</blockquote></p><p> Shares in <a href=\"https://laohu8.com/S/Z1P.AU\">Zip</a> are gaining more than 3 percent after reports that the buy now, pay later (BNPL) firm is looking to provide users a chance to trade in cryptocurrencies as it braces for competition from <a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a>.</p><p><blockquote>于<a href=\"https://laohu8.com/S/Z1P.AU\">拉链</a>有报道称，先买后付 (BNPL) 公司正在寻求为用户提供交易加密货币的机会，以应对来自<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>.</blockquote></p><p> Among the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are all losing almost 1 percent each.</p><p><blockquote>在四大银行中，澳大利亚国民银行、联邦银行、澳新银行和西太平洋银行均下跌近 1%。</blockquote></p><p> Gold miners are mostly lower. Newcrest Mining is edging down 0.1 percent, while Resolute Mining and Gold Road Resources are down more than 2 percent each. <a href=\"https://laohu8.com/S/NST.AU\">Northern Star Resources</a> is losing almost 5 percent, while <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> is gaining more than 4 percent.</p><p><blockquote>金矿开采者大多较低。Newcrest Mining 小幅下跌 0.1%，而 Resolute Mining 和 Gold Road Resources 的股价均下跌超过 2%。<a href=\"https://laohu8.com/S/NST.AU\">北极星资源</a>损失近 5%，而<a href=\"https://laohu8.com/S/EVN.AU\">进化挖掘</a>增长超过4%。</blockquote></p><p> In other news, Australian casino operator <a href=\"https://laohu8.com/S/SGR.AU\">Star Entertainment</a> Group has withdrawn a $9 billion merger proposal with beleaguered rival Crown Resorts, on fears that it could lose the main licence to operate its Melbourne casino. Crown Resorts stock is down more than 2 percent.</p><p><blockquote>其他新闻，澳大利亚赌场运营商<a href=\"https://laohu8.com/S/SGR.AU\">明星娱乐</a>由于担心该集团可能会失去经营墨尔本赌场的主要许可证，该集团已撤回与陷入困境的竞争对手皇冠度假村价值 90 亿美元的合并提案。皇冠度假村股价下跌超过2%。</blockquote></p><p> In economic news, the services sector in Australia fell hard into contraction territory in July, the latest survey from <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Economics revealed on Friday with a 14-month low services PMI score of 44.2. That's down sharply from 56.8 in June and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that Australia's manufacturing PMI fell from 58.6 in June to 56.8 in July. The composite PMI slumped to 45.2 from 56.7 in the previous month.</p><p><blockquote>经济新闻方面，澳大利亚服务业7月份严重陷入收缩区域，最新调查显示<a href=\"https://laohu8.com/S/MRKT\">市场</a>周五公布的经济数据显示，服务业 PMI 得分为 44.2，创 14 个月新低。这比 6 月份的 56.8 大幅下降，远低于区分扩张和收缩的 50 点的繁荣或萧条线。调查还显示，澳大利亚制造业PMI从6月的58.6降至7月的56.8。综合PMI从上月的56.7降至45.2。</blockquote></p><p> In the currency market, the Aussie dollar is trading at $0.738 on Friday.</p><p><blockquote>在货币市场上，澳元周五交易价格为0.738美元。</blockquote></p><p> The Japanese stock market is closed for a long weekend on Thursday and Friday for public holidays, with the Tokyo 2020 Olympics opening ceremony on Friday. Japanese shares ended significantly higher on Wednesday.</p><p><blockquote>日本股市周四和周五因公共假期休市长周末，东京2020年奥运会开幕式将于周五举行。日本股市周三大幅收高。</blockquote></p><p> In the currency market, the U.S. dollar is trading in the lower 110 yen-range on Friday.</p><p><blockquote>在货币市场上，周五美元在110日元的较低区间内交易。</blockquote></p><p> Elsewhere in Asia, Hong Kong is losing 1 percent, while New Zealand, Indonesia, Malaysia, China and Singapore are all lower by between 0.1 and 0.5 percent each. South Korea is bucking the trend and is up 0.2 percent, while Taiwan is relatively flat.</p><p><blockquote>在亚洲其他地区，香港下跌1%，而新西兰、印度尼西亚、马来西亚、中国和新加坡的跌幅均在0.1%至0.5%之间。韩国逆势上涨0.2%，而台湾则相对持平。</blockquote></p><p> On Wall Street, stocks showed a lack of direction over much of the trading day on Thursday before ending the session modestly higher. With the uptick on the day, the major averages extended the rebound seen over the two previous sessions.</p><p><blockquote>在华尔街，周四交易日的大部分时间里，股市都缺乏方向，随后小幅走高。随着当天的上涨，主要平均指数延续了前两个交易日的反弹势头。</blockquote></p><p> The major averages all finished the day in positive territory but off their highs of the session. The Dow inched up 25.35 points or 0.1 percent to 34,823.35, the Nasdaq rose 52.64 points or 0.4 percent to 14,684.60 and the S&amp;P 500 edged up 8.79 points or 0.2 percent to 4,367.48.</p><p><blockquote>主要平均线均以正值收盘，但偏离了盘中高点。道琼斯指数小幅上涨25.35点或0.1%，至34,823.35点，纳斯达克指数上涨52.64点或0.4%，至14,684.60点，标普500指数小幅上涨8.79点或0.2%，至4,367.48点。</blockquote></p><p></p><p> Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index edged up by 0.3 percent and the German DAX Index climbed by 0.6 percent.</p><p><blockquote>与此同时，欧洲主要市场当天表现好坏参半。英国富时100指数下跌0.4%，法国CAC 40指数小幅上涨0.3%，德国DAX指数上涨0.6%。</blockquote></p><p> Crude oil futures settled higher on Thursday, gaining for a third successive day, thanks to reports showing strong gasoline demand and a rebound in distillate fuels. West Texas Intermediate crude oil futures for September ended up $1.61 or 2.3 percent at $71.91 a barrel.</p><p><blockquote>原油期货周四收高，连续第三天上涨，这得益于报告显示汽油需求强劲和馏分油反弹。9 月份西德克萨斯中质原油期货收盘上涨 1.61 美元，涨幅 2.3%，至每桶 71.91 美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3211307/asian-markets-mostly-lower-cautious-trade.aspx\">RTTNews</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":{"WOPEF":"Woodside Energy Group Ltd.","BHP":"必和必拓公司","RIO":"力拓","WIGBY":"Wisetech Global","PYPL":"PayPal","MALRF":"Mineral Resources Ltd.",".UKX.UK":"富时100指数","AAPL":"苹果"},"source_url":"https://www.rttnews.com/3211307/asian-markets-mostly-lower-cautious-trade.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191333381","content_text":"Asian stock markets are trading mostly lower on Friday, ignoring the positive cues overnight from Wall Street, as lingering worries over rising spread of the delta variant of the coronavirus in several parts across the world rendered the mood cautious. The markets are supported mainly by crude oil prices as they continue to recover from the recent selling-off. Asian markets ended mostly higher on Thursday.\nAustralian stock market is slightly higher after early losses on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying just below the 7,400 level, following the positive cues overnight from Wall Street. Traders also remain concerned amid the rapid spread of the highly contagiouscoronavirusvariants in four states and some regional areas, with lockdowns in three of the country's major cities limiting economic activity.\nThe benchmark S&P/ASX 200 Index is gaining 9.80 points or 0.13 percent to 7,396.20, after hitting a low of 7,357.00 earlier. The broader All Ordinaries Index is up 14.50 points or 0.19 percent to 7,673.40. Australian markets ended modestly higher on Thursday.\nAmong major miners, BHP Billiton is edging down 0.2 percent, while Rio Tinto PLC and OZ Minerals Ltd. are losing 0.5 percent each. Mineral Resources Ltd. is edging up 0.4 percent. Fortescue Metals Group Ltd is flat.\nOil stocks are mixed. Oil Search is losing more than 1 percent, while Woodside Petroleum Ltd. and Beach energy are edging down 0.4 percent each. Santos is down almost 2 percent, while Origin Energy is edging up 0.2 percent.\nAmong tech stocks, Xero is gaining almost 2 percent, Wisetech Global is adding almost 1 percent and Appen is up more than 2 percent. Afterpay is rising almost 3 percent.\nShares in Zip are gaining more than 3 percent after reports that the buy now, pay later (BNPL) firm is looking to provide users a chance to trade in cryptocurrencies as it braces for competition from Apple and PayPal.\nAmong the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are all losing almost 1 percent each.\nGold miners are mostly lower. Newcrest Mining is edging down 0.1 percent, while Resolute Mining and Gold Road Resources are down more than 2 percent each. Northern Star Resources is losing almost 5 percent, while Evolution Mining is gaining more than 4 percent.\nIn other news, Australian casino operator Star Entertainment Group has withdrawn a $9 billion merger proposal with beleaguered rival Crown Resorts, on fears that it could lose the main licence to operate its Melbourne casino. Crown Resorts stock is down more than 2 percent.\nIn economic news, the services sector in Australia fell hard into contraction territory in July, the latest survey from Markit Economics revealed on Friday with a 14-month low services PMI score of 44.2. That's down sharply from 56.8 in June and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that Australia's manufacturing PMI fell from 58.6 in June to 56.8 in July. The composite PMI slumped to 45.2 from 56.7 in the previous month.\nIn the currency market, the Aussie dollar is trading at $0.738 on Friday.\nThe Japanese stock market is closed for a long weekend on Thursday and Friday for public holidays, with the Tokyo 2020 Olympics opening ceremony on Friday. Japanese shares ended significantly higher on Wednesday.\nIn the currency market, the U.S. dollar is trading in the lower 110 yen-range on Friday.\nElsewhere in Asia, Hong Kong is losing 1 percent, while New Zealand, Indonesia, Malaysia, China and Singapore are all lower by between 0.1 and 0.5 percent each. South Korea is bucking the trend and is up 0.2 percent, while Taiwan is relatively flat.\nOn Wall Street, stocks showed a lack of direction over much of the trading day on Thursday before ending the session modestly higher. With the uptick on the day, the major averages extended the rebound seen over the two previous sessions.\nThe major averages all finished the day in positive territory but off their highs of the session. The Dow inched up 25.35 points or 0.1 percent to 34,823.35, the Nasdaq rose 52.64 points or 0.4 percent to 14,684.60 and the S&P 500 edged up 8.79 points or 0.2 percent to 4,367.48.\nMeanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index edged up by 0.3 percent and the German DAX Index climbed by 0.6 percent.\nCrude oil futures settled higher on Thursday, gaining for a third successive day, thanks to reports showing strong gasoline demand and a rebound in distillate fuels. West Texas Intermediate crude oil futures for September ended up $1.61 or 2.3 percent at $71.91 a barrel.","news_type":1,"symbols_score_info":{"BHP":0.9,"AAPL":0.9,"OZMLF":0.9,"Z1P.AU":0.9,"WIGBY":0.9,"MALRF":0.9,"PYPL":0.9,"WOPEF":0.9,".UKX.UK":0.9,"RIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175176127,"gmtCreate":1627017477669,"gmtModify":1633768725704,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Good review. Please like. Thanks much","listText":"Good review. Please like. Thanks much","text":"Good review. Please like. Thanks much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175176127","repostId":"2153160453","repostType":4,"isVote":1,"tweetType":1,"viewCount":2179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175173700,"gmtCreate":1627017286300,"gmtModify":1633768727069,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Let’s see what’s next. Please like. Thanks much","listText":"Let’s see what’s next. Please like. Thanks much","text":"Let’s see what’s next. Please like. Thanks much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/175173700","repostId":"1164478982","repostType":4,"isVote":1,"tweetType":1,"viewCount":2516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172079396,"gmtCreate":1626923784415,"gmtModify":1633769681907,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Great summary. Thanks","listText":"Great summary. Thanks","text":"Great summary. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172079396","repostId":"1105130573","repostType":4,"repost":{"id":"1105130573","kind":"news","pubTimestamp":1626921817,"share":"https://www.laohu8.com/m/news/1105130573?lang=zh_CN&edition=full","pubTime":"2021-07-22 10:43","market":"us","language":"en","title":"Moderna Joins Top S&P 500 Firms as Stock Value Triples<blockquote>Moderna 加入标普500顶级公司行列，股票价值增加两倍</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105130573","media":"Bloomberg","summary":"(Bloomberg) -- Moderna Inc. joined the S&P 500 on Wednesday as the index’s the best performing stock","content":"<p>(Bloomberg) -- Moderna Inc. joined the S&amp;P 500 on Wednesday as the index’s the best performing stock this year -- by a mile.</p><p><blockquote>(彭博社） -- Moderna Inc. 周三加入标普500，成为该指数今年表现最好的股票。</blockquote></p><p> The move caps the drugmaker’s transformation from an early-stage biotech to a vaccine maker supplying Covid shots to the world. With a gain of just over 207% so far in 2021, Moderna’s share performance tops the index’s existing leader, L Brands Inc., which has risen about 104%.</p><p><blockquote>此举标志着该制药商从一家早期生物技术公司向一家向全球供应 Covid 疫苗的疫苗制造商的转型。2021 年迄今为止，Moderna 的股价涨幅略高于 207%，超过了该指数的现有领头羊 L Brands Inc.</blockquote></p><p> In the runup to its inclusion in the U.S. benchmark, Moderna’s stock has made fresh highs advancing more than 30% over four sessions before a 2% dip on Tuesday. Its shares closed 4.5% higher at $321.11, another record, with a market value of about $129 billion.</p><p><blockquote>在被纳入美国基准指数的前夕，Moderna 的股价屡创新高，在周二下跌 2% 之前，四个交易日上涨了 30% 以上。其股价收盘上涨4.5%，至321.11美元，再创历史新高，市值约为1290亿美元。</blockquote></p><p> Moderna’s rise has come largely from its innovations in developing messenger RNA vaccines, which use the body’s cells as mini vaccine factories. That has led some Wall Street analysts to call it the “Tesla of biotech” because the Cambridge, Massachusetts-based company is charting a course that may change the way infectious diseases are treated.</p><p><blockquote>Moderna 的崛起主要来自于其在开发信使 RNA 疫苗方面的创新，该疫苗利用人体细胞作为迷你疫苗工厂。这让一些华尔街分析师将其看涨期权为 “生物技术特斯拉”，因为这家总部位于马萨诸塞州剑桥市的公司正在规划一条可能改变传染病治疗方式的路线。</blockquote></p><p> The company secured its place in the upper echelons of U.S. biotechs next to AbbVie Inc. and Amgen Inc. -- after receiving emergency authorization for its Covid-19 vaccination last December, just a week behind Pfizer Inc. and BioNTech SE.</p><p><blockquote>该公司在去年 12 月获得 Covid-19 疫苗接种紧急授权后，仅落后辉瑞公司和 BioNTech SE 一周，从而确保了其在美国生物技术公司上层的地位，仅次于艾伯维公司和安进公司。</blockquote></p><p> But the parallels with Tesla don’t necessarily bode well for Moderna’s stock. Since the day before Tesla’s inclusion in the benchmark in December, it has fallen about 6% versus the index’s gain of nearly 18%. Other recent additions to the index have also underperformed.</p><p><blockquote>但与特斯拉的相似之处并不一定是 Moderna 股票的好兆头。自 12 月特斯拉被纳入基准指数的前一天以来，该指数已下跌约 6%，而该指数则上涨了近 18%。该指数最近添加的其他股票也表现不佳。</blockquote></p><p> Shares of companies entering the index typically rally ahead of the inclusion as investors adjust their portfolios. Moderna’s shares were already losing steam on Tuesday, closing 2% lower at $307.33.</p><p><blockquote>随着投资者调整投资组合，进入该指数的公司的股票通常会在纳入该指数之前上涨。周二，Moderna 的股价已经失去了动力，收盘下跌 2%，报 307.33 美元。</blockquote></p><p> Skeptics of Moderna’s surge in recent months note that its pipeline is in the early stages of human testing while the market for Covid-19 booster shots isn’t yet fully understood.</p><p><blockquote>对 Moderna 近几个月来激增的怀疑论者指出，该公司的产品线正处于人体测试的早期阶段，而 Covid-19 加强注射的市场尚未完全了解。</blockquote></p><p> Still, recent lab results show Moderna’s jab produces antibodies against the Covid-19 Delta variant. Analysts at Goldman Sachs also predict Moderna could have a new flu shot on the market by 2023 and a combination of a flu and Covid-19 vaccine as soon as 2024. The company also is working on new vaccines and medicines for cancer and HIV as well as Zika and heart disease.</p><p><blockquote>尽管如此，最近的实验室结果显示，Moderna 的疫苗能产生针对 Covid-19 德尔塔变异毒株的抗体。高盛分析师还预测，Moderna 可能会在 2023 年之前在市场上推出新的流感疫苗，最早可能在 2024 年推出流感和 Covid-19 疫苗的组合。该公司还致力于癌症和艾滋病毒以及寨卡病毒和心脏病的新疫苗和药物。</blockquote></p><p> A survey of 191 hedge funds and institutional investors from Jefferies trading desk indicated that roughly 73% of respondents expect Moderna shares to be little changed or to fall 20% or worse into year end. The investors were most keenly focused on a delta booster and flu shot results, while only 13% were long Moderna.</p><p><blockquote>Jefferies trading desk 对 191 家对冲基金和机构投资者进行的一项调查显示，大约 73% 的受访者预计 Moderna 股价到年底变化不大或下跌 20% 或更严重。投资者最关注的是 delta 加强剂和流感疫苗的结果，而只有 13% 的投资者做多 Moderna。</blockquote></p><p> “In the end, we still have no idea who is buying the stock,” Will Sevush, a strategist with Jefferies wrote to clients, “bulls are very few and very far between.”</p><p><blockquote>“杰富瑞（Jefferies）策略师威尔-塞武什（Will Sevush）在给客户的信中写道：”最终，我们仍然不知道谁在买这只股票，“多头很少，而且很少。”</blockquote></p><p> Sales of mRNA-1273, as Moderna’s Covid inoculation is called, are likely to beat Wall Street consensus for $18.1 billion in 2021, according to Goldman. But even the Wall Street high price target of $299 from Moderna’s biggest enthusiast -- Goldman analyst Salveen Richter -- implies further retreat.</p><p><blockquote>据高盛称，Moderna 公司的 Covid 疫苗名为 mRNA-1273，2021 年的销售额可能会超过华尔街共识的 181 亿美元。但即使是 Moderna 的最大爱好者--高盛分析师萨尔文-里希特（Salveen Richter）--提出的 299 美元的华尔街高目标价也意味着进一步回撤。</blockquote></p><p></p>","source":"lsy1612507957220","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>Moderna Joins Top S&P 500 Firms as Stock Value Triples<blockquote>Moderna 加入标普500顶级公司行列，股票价值增加两倍</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\">\nModerna Joins Top S&P 500 Firms as Stock Value Triples<blockquote>Moderna 加入标普500顶级公司行列，股票价值增加两倍</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-07-22 10:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Moderna Inc. joined the S&amp;P 500 on Wednesday as the index’s the best performing stock this year -- by a mile.</p><p><blockquote>(彭博社） -- Moderna Inc. 周三加入标普500，成为该指数今年表现最好的股票。</blockquote></p><p> The move caps the drugmaker’s transformation from an early-stage biotech to a vaccine maker supplying Covid shots to the world. With a gain of just over 207% so far in 2021, Moderna’s share performance tops the index’s existing leader, L Brands Inc., which has risen about 104%.</p><p><blockquote>此举标志着该制药商从一家早期生物技术公司向一家向全球供应 Covid 疫苗的疫苗制造商的转型。2021 年迄今为止，Moderna 的股价涨幅略高于 207%，超过了该指数的现有领头羊 L Brands Inc.</blockquote></p><p> In the runup to its inclusion in the U.S. benchmark, Moderna’s stock has made fresh highs advancing more than 30% over four sessions before a 2% dip on Tuesday. Its shares closed 4.5% higher at $321.11, another record, with a market value of about $129 billion.</p><p><blockquote>在被纳入美国基准指数的前夕，Moderna 的股价屡创新高，在周二下跌 2% 之前，四个交易日上涨了 30% 以上。其股价收盘上涨4.5%，至321.11美元，再创历史新高，市值约为1290亿美元。</blockquote></p><p> Moderna’s rise has come largely from its innovations in developing messenger RNA vaccines, which use the body’s cells as mini vaccine factories. That has led some Wall Street analysts to call it the “Tesla of biotech” because the Cambridge, Massachusetts-based company is charting a course that may change the way infectious diseases are treated.</p><p><blockquote>Moderna 的崛起主要来自于其在开发信使 RNA 疫苗方面的创新，该疫苗利用人体细胞作为迷你疫苗工厂。这让一些华尔街分析师将其看涨期权为 “生物技术特斯拉”，因为这家总部位于马萨诸塞州剑桥市的公司正在规划一条可能改变传染病治疗方式的路线。</blockquote></p><p> The company secured its place in the upper echelons of U.S. biotechs next to AbbVie Inc. and Amgen Inc. -- after receiving emergency authorization for its Covid-19 vaccination last December, just a week behind Pfizer Inc. and BioNTech SE.</p><p><blockquote>该公司在去年 12 月获得 Covid-19 疫苗接种紧急授权后，仅落后辉瑞公司和 BioNTech SE 一周，从而确保了其在美国生物技术公司上层的地位，仅次于艾伯维公司和安进公司。</blockquote></p><p> But the parallels with Tesla don’t necessarily bode well for Moderna’s stock. Since the day before Tesla’s inclusion in the benchmark in December, it has fallen about 6% versus the index’s gain of nearly 18%. Other recent additions to the index have also underperformed.</p><p><blockquote>但与特斯拉的相似之处并不一定是 Moderna 股票的好兆头。自 12 月特斯拉被纳入基准指数的前一天以来，该指数已下跌约 6%，而该指数则上涨了近 18%。该指数最近添加的其他股票也表现不佳。</blockquote></p><p> Shares of companies entering the index typically rally ahead of the inclusion as investors adjust their portfolios. Moderna’s shares were already losing steam on Tuesday, closing 2% lower at $307.33.</p><p><blockquote>随着投资者调整投资组合，进入该指数的公司的股票通常会在纳入该指数之前上涨。周二，Moderna 的股价已经失去了动力，收盘下跌 2%，报 307.33 美元。</blockquote></p><p> Skeptics of Moderna’s surge in recent months note that its pipeline is in the early stages of human testing while the market for Covid-19 booster shots isn’t yet fully understood.</p><p><blockquote>对 Moderna 近几个月来激增的怀疑论者指出，该公司的产品线正处于人体测试的早期阶段，而 Covid-19 加强注射的市场尚未完全了解。</blockquote></p><p> Still, recent lab results show Moderna’s jab produces antibodies against the Covid-19 Delta variant. Analysts at Goldman Sachs also predict Moderna could have a new flu shot on the market by 2023 and a combination of a flu and Covid-19 vaccine as soon as 2024. The company also is working on new vaccines and medicines for cancer and HIV as well as Zika and heart disease.</p><p><blockquote>尽管如此，最近的实验室结果显示，Moderna 的疫苗能产生针对 Covid-19 德尔塔变异毒株的抗体。高盛分析师还预测，Moderna 可能会在 2023 年之前在市场上推出新的流感疫苗，最早可能在 2024 年推出流感和 Covid-19 疫苗的组合。该公司还致力于癌症和艾滋病毒以及寨卡病毒和心脏病的新疫苗和药物。</blockquote></p><p> A survey of 191 hedge funds and institutional investors from Jefferies trading desk indicated that roughly 73% of respondents expect Moderna shares to be little changed or to fall 20% or worse into year end. The investors were most keenly focused on a delta booster and flu shot results, while only 13% were long Moderna.</p><p><blockquote>Jefferies trading desk 对 191 家对冲基金和机构投资者进行的一项调查显示，大约 73% 的受访者预计 Moderna 股价到年底变化不大或下跌 20% 或更严重。投资者最关注的是 delta 加强剂和流感疫苗的结果，而只有 13% 的投资者做多 Moderna。</blockquote></p><p> “In the end, we still have no idea who is buying the stock,” Will Sevush, a strategist with Jefferies wrote to clients, “bulls are very few and very far between.”</p><p><blockquote>“杰富瑞（Jefferies）策略师威尔-塞武什（Will Sevush）在给客户的信中写道：”最终，我们仍然不知道谁在买这只股票，“多头很少，而且很少。”</blockquote></p><p> Sales of mRNA-1273, as Moderna’s Covid inoculation is called, are likely to beat Wall Street consensus for $18.1 billion in 2021, according to Goldman. But even the Wall Street high price target of $299 from Moderna’s biggest enthusiast -- Goldman analyst Salveen Richter -- implies further retreat.</p><p><blockquote>据高盛称，Moderna 公司的 Covid 疫苗名为 mRNA-1273，2021 年的销售额可能会超过华尔街共识的 181 亿美元。但即使是 Moderna 的最大爱好者--高盛分析师萨尔文-里希特（Salveen Richter）--提出的 299 美元的华尔街高目标价也意味着进一步回撤。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/moderna-joins-top-firms-p-110555617.html\">Bloomberg</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":{"MRNA":"Moderna, Inc."},"source_url":"https://finance.yahoo.com/news/moderna-joins-top-firms-p-110555617.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105130573","content_text":"(Bloomberg) -- Moderna Inc. joined the S&P 500 on Wednesday as the index’s the best performing stock this year -- by a mile.\nThe move caps the drugmaker’s transformation from an early-stage biotech to a vaccine maker supplying Covid shots to the world. With a gain of just over 207% so far in 2021, Moderna’s share performance tops the index’s existing leader, L Brands Inc., which has risen about 104%.\nIn the runup to its inclusion in the U.S. benchmark, Moderna’s stock has made fresh highs advancing more than 30% over four sessions before a 2% dip on Tuesday. Its shares closed 4.5% higher at $321.11, another record, with a market value of about $129 billion.\nModerna’s rise has come largely from its innovations in developing messenger RNA vaccines, which use the body’s cells as mini vaccine factories. That has led some Wall Street analysts to call it the “Tesla of biotech” because the Cambridge, Massachusetts-based company is charting a course that may change the way infectious diseases are treated.\nThe company secured its place in the upper echelons of U.S. biotechs next to AbbVie Inc. and Amgen Inc. -- after receiving emergency authorization for its Covid-19 vaccination last December, just a week behind Pfizer Inc. and BioNTech SE.\nBut the parallels with Tesla don’t necessarily bode well for Moderna’s stock. Since the day before Tesla’s inclusion in the benchmark in December, it has fallen about 6% versus the index’s gain of nearly 18%. Other recent additions to the index have also underperformed.\nShares of companies entering the index typically rally ahead of the inclusion as investors adjust their portfolios. Moderna’s shares were already losing steam on Tuesday, closing 2% lower at $307.33.\nSkeptics of Moderna’s surge in recent months note that its pipeline is in the early stages of human testing while the market for Covid-19 booster shots isn’t yet fully understood.\nStill, recent lab results show Moderna’s jab produces antibodies against the Covid-19 Delta variant. Analysts at Goldman Sachs also predict Moderna could have a new flu shot on the market by 2023 and a combination of a flu and Covid-19 vaccine as soon as 2024. The company also is working on new vaccines and medicines for cancer and HIV as well as Zika and heart disease.\nA survey of 191 hedge funds and institutional investors from Jefferies trading desk indicated that roughly 73% of respondents expect Moderna shares to be little changed or to fall 20% or worse into year end. The investors were most keenly focused on a delta booster and flu shot results, while only 13% were long Moderna.\n“In the end, we still have no idea who is buying the stock,” Will Sevush, a strategist with Jefferies wrote to clients, “bulls are very few and very far between.”\nSales of mRNA-1273, as Moderna’s Covid inoculation is called, are likely to beat Wall Street consensus for $18.1 billion in 2021, according to Goldman. But even the Wall Street high price target of $299 from Moderna’s biggest enthusiast -- Goldman analyst Salveen Richter -- implies further retreat.","news_type":1,"symbols_score_info":{"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172058297,"gmtCreate":1626922716419,"gmtModify":1633769691923,"author":{"id":"3585797482260363","authorId":"3585797482260363","name":"QqSM","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585797482260363","idStr":"3585797482260363"},"themes":[],"title":"","htmlText":"Great stuff. Like please","listText":"Great stuff. Like please","text":"Great stuff. 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